---
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"
generated_at: "2026-06-15T12:29:32.061938+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Xencor Q1 net loss of $60.8M vs prior-year net income; revenue down to $19.0M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-016465
- JSON: https://secwatch.observer/filing/0001628280-23-016465.json
- Plain text: https://secwatch.observer/filing/0001628280-23-016465.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2023
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1326732/000162828023016465/0001628280-23-016465-index.htm
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2023
  - 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
  - Result: reported results
  source text: Based on current operating plans, Xencor expects to have cash to fund research and development programs and operations through the end of 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326732/000162828023016465/0001628280-23-016465-index.htm
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2023
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1326732/000162828023016465/0001628280-23-016465-index.htm

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