---
schema_version: "secwatch.filing_event.v1"
accession: "0001274737-25-000023"
form_type: "8-K"
ticker: "XGN"
cik: "0001274737"
company_name: "EXAGEN INC."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T16:41:23.073316+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Exagen Q1 revenue record $15.5M, but net loss widens to $3.8M

## Summary
- Revenue $15.5M (+7.5% YoY); net loss $(3.8)M vs $(3.4)M; adjusted EBITDA $(2.5)M vs $(2.0)M.
- Trailing-12-month ASP rose to $419 from $377; AVISE CTD test volume grew.
- FY2025 guidance: revenue at least $65M; targeting positive adjusted EBITDA in Q4 2025.
- Closed $25M senior secured credit facility with Perceptive Advisors on April 25, 2025.
- Combined cash and AR projected ~$28M as of April 30 after releasing held claims.

## SEC filing metadata
- accession: 0001274737-25-000023
- form_type: 8-K
- ticker: XGN
- cik: 0001274737
- company_name: EXAGEN INC.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1274737/000127473725000023/0001274737-25-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1274737/000127473725000023/exdx-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001274737-25-000023
- JSON: https://secwatch.observer/filing/0001274737-25-000023.json
- Plain text: https://secwatch.observer/filing/0001274737-25-000023.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.