All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
3 warning events since 2017; the latest 2025-03-13.
From the record
Xencor, Inc.'s filings since 2017 show 3 warning events of 2 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2025-02-13); an auditor change (8-K item 4.01, 2 times, the latest 2025-03-13) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+1.6% a year over 10 filed years; profitable in 3 of 10.
From the record
Xencor, Inc.'s 10 filed years say what it did: revenue went from $109 million in fiscal 2016 to $126 million in fiscal 2025, up 1.6% a year; it rose in 4 of 9 years; the deepest fall was 63% from fiscal 2016 to fiscal 2018; net income was positive in 3 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 6.9/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Xencor, Inc.'s shareholder treatment is put at 6.9 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 31% 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.
What are they doing right now?
Is it financially healthy right now?
ROE -14%: lost 14¢ per shareholder dollar. Leverage 27%: owes 27¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Xencor, Inc. lost about 14 cents for every dollar of shareholders' money. Leverage: it owed about 27 cents per dollar of assets, and net share issuance: its share count grew 14.1% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 50% of 315 in its family; net margin -73.2%.
From the record
Xencor, Inc.'s standing among 315 graded names in its industry family: revenue of $126 million in fiscal 2025 ranks in the top 33% by size; a net margin of -73.2% ranks in the top 43%; revenue growth of -8.6% a year over the last 3 filed years ranks in the bottom 27% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 27% of 315 in its family for leadership; chief executive since 2013.
From the record
Xencor, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Dahiyat, Bassil I (PRESIDENT & CEO, as filed), filing under that title since 2013-12-02, 12.9 years (top 9% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 8.5 years (top 17%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (bottom 45%; 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
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 39% of 273 in its family for room to expand.
From the record
Xencor, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $54 million against debt of $76 million leaves -2.6% of its assets as net cash, bottom 12% of its family; cash from operations less capital spending is -110.1% of revenue (bottom 48%); research spending of 190.7% of revenue (top 42%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 40% of 306 in its family for growth drivers.
From the record
Xencor, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -8.6% a year over the last three filed years against 1.6% over all 10, slowing (bottom 33% of its family); the newest year grew 13.7% (top 43%); research spending grew 6.3% a year (top 44%); capital spending grew -56.6% a year (bottom 16%) (its annual reports). Xencor, Inc. reported 2 product lines in fiscal 2025: Royalty at $80 million (64%), Milestone at $45 million (36%); 2 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 34% of 233 in its family for expectations against reality.
From the record
Xencor, Inc.'s newest year against its own record: revenue of $126 million in fiscal 2025 came in 38.7% above the $91 million its prior three years' pace pointed to (top 20% of its family); net income of $92 million against a prior three-year average of $140 million (top 39%); a net margin of -73.2% against losses larger than its revenue before (top 41%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
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