{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-016465","form_type":"8-K","ticker":"XNCR","cik":"0001326732","company_name":"Xencor Inc","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.412855+00:00","generated_at":"2026-06-15T12:29:32.061938+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Xencor Q1 net loss of $60.8M vs prior-year net income; revenue down to $19.0M","bullets":["Net loss of $60.8M ($1.02 diluted EPS) vs net income of $23.6M ($0.39 EPS) in Q1 2022.","Revenue fell to $19.0M from $85.5M YoY; included $10.5M Alexion royalties and Janssen milestone.","Cash, equivalents, receivables and marketable securities at $568.2M as of March 31, 2023.","Full-year 2023 cash guidance at $425-475M; expects funding through end of 2025.","Appointed Nancy Valente as EVP, Chief Development Officer effective May 1, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-016465","json":"https://secwatch.observer/filing/0001628280-23-016465.json","markdown":"https://secwatch.observer/filing/0001628280-23-016465.md","text":"https://secwatch.observer/filing/0001628280-23-016465.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1326732/000162828023016465/0001628280-23-016465-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1326732/000162828023016465/xncr-20230508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T12:29:32.061938+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"03a1f6b35c4e4ce1a907ab76e9092f0a21b09552","claim":"Xencor Inc reported first quarter ended March 31, 2023 results: revenue $19.0 million, net income Net loss for the first quarter ended March 31, 2023 was $60.8 million, EPS $(1.02) on a fully diluted per share basis.","evidence_excerpt":"marketable debt securities totaled $568.2 million as of March 31, 2023, compared to $613.5 million on December 31, 2022. Revenues for the first quarter ended March 31, 2023 were $19.0 million, compared to $85.5 million for the same period in 2022. Total revenues earned in the first quarter of 2023 included milestone revenue earned from Xencor’s Janssen collaboration","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1326732/000162828023016465/0001628280-23-016465-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$19.0 million"},{"label":"Net income","value":"Net loss for the first quarter ended March 31, 2023 was $60.8 million"},{"label":"EPS","value":"$(1.02) on a fully diluted per share basis"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"03a1f6b35c4e4ce1a907ab76e9092f0a21b09552","claim":"Xencor Inc reported first quarter ended March 31, 2023 results: revenue $19.0 million, net income Net loss for the first quarter ended March 31, 2023 was $60.8 million, EPS $(1.02) on a fully diluted per share basis.","evidence_excerpt":"Based on current operating plans, Xencor expects to have cash to fund research and development programs and operations through the end of 2025.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1326732/000162828023016465/0001628280-23-016465-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$19.0 million"},{"label":"Net income","value":"Net loss for the first quarter ended March 31, 2023 was $60.8 million"},{"label":"EPS","value":"$(1.02) on a fully diluted per share basis"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"03a1f6b35c4e4ce1a907ab76e9092f0a21b09552","claim":"Xencor Inc reported first quarter ended March 31, 2023 results: revenue $19.0 million, net income Net loss for the first quarter ended March 31, 2023 was $60.8 million, EPS $(1.02) on a fully diluted per share basis.","evidence_excerpt":"Revenues for the first quarter ended March 31, 2023 were $19.0 million, compared to $85.5 million for the same period in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1326732/000162828023016465/0001628280-23-016465-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$19.0 million"},{"label":"Net income","value":"Net loss for the first quarter ended March 31, 2023 was $60.8 million"},{"label":"EPS","value":"$(1.02) on a fully diluted per share basis"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}