XGN — Stock Film
STOCK FILMSCENE 1/10XGN · $7.03
Stock Expert AI presents
XGN
Exagen Inc
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Exagen Inc. What it actually does.

Develop and commercialize diagnostic testing products. Focus on autoimmune and autoimmune-related diseases. Now — the numbers.

on the stock market since 2019
216 employees
$169.8M market value
Revenue last year:
$66.6M
The loss that same year:
$20M
For every $1 it earns, the company spends $1.3.

The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
Sales are growing overall, with a pause along the way.

Average growth of 8% a year over the last 4 years. Red columns mark years that ended in a loss.

$48.3M
2021
2022
2023
2024
$66.6M
2025
In the vault right now:
$32.2M
DEBT: $25.7M
At this pace, that money lasts about 1.6 years.

Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.

INSIDE THE REPORT CARD

We compared this company with its own sector across five subjects.

A score of 50 means class average.

BUSINESS QUALITY
54
average

Profit indicators sit around the sector average.

FINANCIAL STRENGTH
9
very weak

Clearly below the class average.

VALUATION
55
average

The price isn’t cheap next to earnings — that’s why this grade sits in the middle.

GROWTH
51
average

There is growth, but not at top-of-the-class tempo.

PRICE MOMENTUM
88
very strong

The stock has been running stronger than the market lately.

WORTH WATCHING

Financial Strength: The cash-and-debt balance is thin; the buffer for hard times is slim.

THE FIVE-YEAR JOURNEY
Below the peak, but no collapse.

The stock trades 50% below its peak. The market has trimmed its expectations for the company.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 4 years, sales grew about 8% a year on average.

2
THE BRIGHT SIDE · 2/3
The product is selling

Sales run at $66.6M a year. A small number, but proof the product has real buyers.

3
THE BRIGHT SIDE · 3/3
Delivers on expectations

It met or beat analyst expectations in 7 of the last 8 quarters — consistency is a promise kept.

1
THE RISKS · 1/3
Small sales, big loss

A loss of $20.0M against $66.6M in annual sales.

2
THE RISKS · 2/3
A wildly swinging price

This stock swings about 2.1 times as much as the market average. Big rallies — and big drops — can both happen fast.

3
THE RISKS · 3/3
The cash has a countdown

At the current pace of spending, the cash lasts about 1.6 years. After that, the company needs to find new money.

FINALE · THE GRADE
F
20 / 100 · MoonshotScore

On our five-subject report card, XGN sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”

The takeaway: XGN is a high-risk stock — not yet profitable, and its future rides on its product catching on.

The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.

What would you like to do next?
Open the stock page →

Not covered, because the filings we hold do not carry it: the revenue breakdown.

This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film