Company Analysis

Xenon Pharmaceuticals Inc. (XENE)

Nasdaq: XENE · Pharmaceutical Preparations · filing with the SEC since 2013
Grade4.6
◀ Past 4.3● Present 5.1▶ Future 4.4
2 est.

The grade of Xenon Pharmaceuticals Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.6/10
◀ Past4.325% of the headline
● Present5.135% of the headline
▶ Future4.440% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.3/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
5.6/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2025-03-05.

weight 22% of this tense · 56th percentile among 497 sector filers · read for itself

From the record

Xenon Pharmaceuticals Inc.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2025-03-05) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.0/10

What has it actually done, year after year?

+1.6% a year over 7 filed years; profitable in 0 of 7.

weight 45% of this tense · 20th percentile among 323 sector filers · read for its customers

From the record

Xenon Pharmaceuticals Inc.'s 7 filed years say what it did: revenue went from $7 million in fiscal 2019 to $8 million in fiscal 2025, up 1.6% a year; it rose in 1 of 4 years; the deepest fall was 100% from fiscal 2020 to fiscal 2023; net income was positive in 0 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span1.6%bottom 30% of its family
  • the share of years revenue rosebottom 11% of its family
  • the share of filed years with a profitbottom 27% of its family
  • the deepest fall from a revenue peak100.0%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
6.6/10

How has it treated the people who own it?

SI estimate 6.6/10, confidence 35 of 100 (one part).

weight 33% of this tense · 66th percentile among 464 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 34% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 464 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Xenon Pharmaceuticals Inc.'s shareholder treatment is put at 6.6 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 34% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.1/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
7.1/10

Is it financially healthy right now?

ROE -59%: lost 59¢ per shareholder dollar. Leverage 8%: owes 8¢ per asset dollar.

weight 45% of this tense · 71st percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Xenon Pharmaceuticals Inc. lost about 59 cents for every dollar of shareholders' money. Leverage: it owed about 8 cents per dollar of assets, and net share issuance: its share count grew 1.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 12% of its family
  • return on equitybottom 45% of its family
  • the share count against the year beforetop 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.7/10

How strong is its position in its industry?

bottom 27% of 315 in its family; net margin -4612.1%.

weight 22% of this tense · 27th percentile among 315 sector filers · read for its customers

From the record

Xenon Pharmaceuticals Inc.'s standing among 315 graded names in its industry family: revenue of $8 million in fiscal 2025 ranks in the bottom 38% by size; a net margin of -4612.1% ranks in the bottom 16%; revenue growth of -7.4% a year over the last 3 filed years ranks in the bottom 28% (its annual reports).

What it rests on

  • revenue against the family$7.5Mbottom 38% of its family
  • net margin-4612.1%bottom 16% of its family
  • three-year revenue growth-7.4%bottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.0/10

What are the people in charge doing?

bottom 40% of 315 in its family for leadership; chief executive since 2021.

weight 33% of this tense · 40th percentile among 315 sector filers · read for its shareholders

From the record

Xenon Pharmaceuticals Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Mortimer, Ian (PRESIDENT & CEO, as filed), filing under that title since 2021-06-03, 5.4 years (top 45% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 5.3 years (bottom 42%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (bottom 23%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 12 peoplebottom 23% of its family
  • the median years the people in charge have filed5.3 yearsbottom 42% of its family
  • the chief executive's years on the record5.4 yearstop 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.4/1040% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
5.2/10

How much room does it have to grow?

top 48% of 273 in its family for room to expand.

weight 33% of this tense · 52nd percentile among 273 sector filers · read for itself

From the record

Xenon Pharmaceuticals Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $199 million against no long-term debt tagged leaves 31.5% of its assets as net cash, top 46% of its family; cash from operations less capital spending is -3732.2% of revenue (bottom 13%); research spending of 4012.5% of revenue (top 11%) (its annual report).

What it rests on

  • cash less debt against assets31.5%top 46% of its family
  • cash from operations less capital spending against revenue-3732.2%bottom 13% of its family
  • research spending against revenue4012.5%top 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.3/10

What could actually drive growth from here?

top 47% of 306 in its family for growth drivers.

weight 45% of this tense · 53rd percentile among 306 sector filers · read for its customers

From the record

Xenon Pharmaceuticals Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -7.4% a year over the last three filed years against 1.6% over all 7, slowing (bottom 37% of its family); research spending grew 41.7% a year (top 11%); capital spending grew -34.9% a year (bottom 33%) (its annual reports). Xenon Pharmaceuticals Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-8.9 points a yearbottom 37% of its family
  • three-year growth of research spending41.7%top 11% of its family
  • three-year growth of capital spending-34.9%bottom 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate
1.6/10

Did its newest year beat what its own record pointed to?

SI estimate 1.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 16th percentile among 284 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, net income against the prior three years' average, which ranks in the bottom 16% of 284 in its family; the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
one part: net income against the prior three years' average, the one part on file, ranked among 284 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Xenon Pharmaceuticals Inc.'s expectations vs reality is put at 1.6 of 10 with a confidence of 35 of 100, because read from one part only, net income against the prior three years' average, which ranks in the bottom 16% of 284 in its family; the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change. A filing that carries the missing parts replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton XENE · research, not advice