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Exagen Stock Price, News & Analysis

XGN NASDAQ

Company Description

Exagen Inc. (Nasdaq: XGN) is a commercial-stage diagnostics company focused on autoimmune disease testing. According to the company, it is a leading provider of autoimmune diagnostics and autoimmune testing solutions, with a mission to provide clarity in autoimmune disease decision making and improve clinical outcomes for patients with chronic and debilitating autoimmune conditions. Exagen is based in San Diego County, California and operates a specialized laboratory that concentrates on rheumatic diseases.

Exagen’s business centers on its AVISE-branded testing portfolio. The company describes its flagship product, AVISE® CTD, as a test that enables clinicians to more effectively diagnose complex autoimmune conditions such as lupus, rheumatoid arthritis, and Sjögren’s disease or Sjögren’s syndrome earlier and with greater accuracy. The AVISE CTD panel has also been enhanced with seronegative rheumatoid arthritis markers, including anti-PAD4, and incorporates biomarkers such as anti-RA33, anti-PAD4, and traditional biomarkers to improve diagnostic performance for rheumatoid arthritis, as highlighted in Exagen’s research presentations.

Exagen states that its laboratory is CLIA-certified and CAP-accredited and specializes in the testing of rheumatic diseases. The company reports that it delivers precise and timely results, supported by a suite or full suite of AVISE-branded tests designed for disease diagnosis, prognosis, and monitoring. In multiple company communications, Exagen emphasizes a focus on research, innovation, education, and patient-centered care as it addresses ongoing challenges in autoimmune disease management.

Business focus and testing portfolio

Exagen describes itself as a commercial-stage diagnostics company addressing the unmet need for accurate diagnosis and monitoring of patients affected by autoimmune rheumatic diseases. Earlier descriptions note that it markets testing products under its AVISE brand to provide accurate, timely, and differential diagnosis and to optimize treatment of autoimmune rheumatic diseases, and that it markets and sells solutions to community rheumatologists. More recent company materials consistently characterize Exagen as a leading provider of autoimmune diagnostics and autoimmune testing, with an emphasis on chronic autoimmune conditions.

The company’s AVISE CTD test is presented as its flagship offering. Exagen’s news and conference materials highlight AVISE CTD’s role in improving diagnostic accuracy for systemic lupus erythematosus (SLE), lupus nephritis, rheumatoid arthritis (including seronegative RA), and Sjögren’s disease or Sjögren’s syndrome. The company also references a broader AVISE-branded portfolio used for diagnosis, prognosis, and monitoring of rheumatic and autoimmune conditions.

Scientific and clinical orientation

Exagen repeatedly underscores its scientific orientation. Company news reports describe the acceptance of multiple abstracts at the American College of Rheumatology’s annual meeting, including a plenary presentation on a urinary biomarker panel for lupus nephritis and several poster presentations on kidney-specific biomarker panels, T cell biomarkers, and multianalyte lupus risk scores incorporating cell-bound complement activation products. These research activities are presented as part of Exagen’s efforts to enhance precision management of lupus nephritis, improve rheumatoid arthritis diagnostic accuracy, and differentiate systemic lupus erythematosus from other conditions.

The company also notes the commercial launch of seronegative RA markers for anti-PAD4 as an enhancement to the AVISE CTD panel and references continued development of a lupus nephritis platform. Leadership appointments, such as the Chief Scientific Officer role, are described in the context of strengthening autoimmune diagnostic research and precision diagnostics for autoimmune diseases.

Operations, laboratory, and market

Exagen reports that its laboratory is CLIA-certified and CAP-accredited and that it specializes in rheumatic disease testing. Across multiple disclosures, the company characterizes its testing as delivering precise and timely results. Earlier descriptions state that Exagen markets and sells its AVISE solutions to community rheumatologists, indicating a focus on clinicians who manage autoimmune rheumatic diseases.

The company’s communications describe it as a commercial-stage diagnostics company and a leading provider of autoimmune diagnostics and autoimmune testing solutions. Exagen’s stated mission is to transform care for patients with chronic and debilitating autoimmune conditions by providing clarity in clinical decision making through its testing portfolio.

Public company and regulatory context

Exagen Inc. is incorporated in Delaware and its common stock trades on the Nasdaq under the symbol XGN, as reported in company press releases and SEC filings. The company files periodic reports and current reports, including Forms 8-K that furnish press releases on financial results. These filings and disclosures provide information on Exagen’s operations, financial condition, and ongoing activities as a commercial-stage diagnostics company in the autoimmune space.

Role in autoimmune disease management

In its public statements, Exagen positions its AVISE CTD test and related AVISE-branded tests as tools that help clinicians diagnose complex autoimmune conditions earlier and with greater accuracy, and to monitor disease course. The company emphasizes the importance of addressing unmet needs in autoimmune rheumatic diseases, particularly conditions such as lupus, lupus nephritis, rheumatoid arthritis, and Sjögren’s disease or Sjögren’s syndrome. Through its focus on research, education, and patient-centered care, Exagen presents its testing portfolio as supporting improved decision making and outcomes in autoimmune disease management.

Stock Performance

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0.00%
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Last updated:
-30.93%
Performance 1 year
$73.6M

Exagen (XGN) stock last traded at $3.06. Over the past 12 months, the stock has lost 30.9%. At a market capitalization of $73.6M, XGN is classified as a micro-cap stock with approximately 24.1M shares outstanding.

Latest News

Exagen has 10 recent news articles. Of the recent coverage, 4 articles coincided with positive price movement and 6 with negative movement. Key topics include conferences, earnings date, earnings. View all XGN news →

SEC Filings

Exagen has filed 5 recent SEC filings, including 2 Form 4, 1 Form 3, 1 Form 10-K, 1 Form 8-K. The most recent filing was submitted on March 17, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all XGN SEC filings →

Insider Radar

Net Sellers
90-Day Summary
0
Shares Bought
28,712
Shares Sold
3
Transactions
Most Recent Transaction
ABALLI JOHN (President and CEO) sold 15,698 shares @ $3.62 on March 3, 2026

Insider selling at Exagen over the past 90 days can reflect routine portfolio management, scheduled trading plans (Rule 10b5-1), tax planning, or compensation-related dispositions rather than a directional view on the stock.

Based on SEC Form 4 filings over the last 90 days.

Financial Highlights

Exagen generated $66.6M in revenue over the trailing twelve months, retaining a 58.3% gross margin, operating income reached -$14.1M (-21.1% operating margin), and net income was -$20.0M, reflecting a -30.0% net profit margin. Diluted earnings per share stood at $-0.93. The company generated -$13.6M in operating cash flow. With a current ratio of 3.45, the balance sheet reflects a strong liquidity position.

$66.6M
Revenue (TTM)
-$20.0M
Net Income (TTM)
-$13.6M
Operating Cash Flow

Upcoming Events

DEC
01
December 1, 2026 Financial

December 2026 tranche expiration

MAR
01
March 1, 2027 Financial

March 2027 tranche expiration

Exagen has 2 upcoming scheduled events. The next event, "December 2026 tranche expiration", is scheduled for December 1, 2026 (in 239 days). 2 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the XGN stock price.

Short Interest History

Last 12 Months

Short interest in Exagen (XGN) currently stands at 1.1 million shares, up 6.7% from the previous reporting period, representing 7.1% of the float. Over the past 12 months, short interest has increased by 1779.4%.

Days to Cover History

Last 12 Months

Days to cover for Exagen (XGN) currently stands at 3.1 days, up 70.9% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 211% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 4.2 days.

XGN Company Profile & Sector Positioning

Exagen (XGN) operates in the Diagnostics & Research industry within the broader Services-medical Laboratories sector and is listed on the NASDAQ.

Investors comparing XGN often look at related companies in the same sector, including Mdxhealth Sa (MDXH), Prenetics Ltd (PRE), Burning Rock Biotech Ltd (BNR), Fonar Corp (FONR), and BIODESIX INC (BDSX). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate XGN's relative position within its industry.

Frequently Asked Questions

What is the current stock price of Exagen (XGN)?

The current stock price of Exagen (XGN) is $3.06 as of April 3, 2026.

What is the market cap of Exagen (XGN)?

The market cap of Exagen (XGN) is approximately 73.6M. Learn more about what market capitalization means .

What is the revenue (TTM) of Exagen (XGN) stock?

The trailing twelve months (TTM) revenue of Exagen (XGN) is $66.6M.

What is the net income of Exagen (XGN)?

The trailing twelve months (TTM) net income of Exagen (XGN) is -$20.0M.

What is the earnings per share (EPS) of Exagen (XGN)?

The diluted earnings per share (EPS) of Exagen (XGN) is $-0.93 on a trailing twelve months (TTM) basis. Learn more about EPS .

What is the operating cash flow of Exagen (XGN)?

The operating cash flow of Exagen (XGN) is -$13.6M. Learn about cash flow.

What is the profit margin of Exagen (XGN)?

The net profit margin of Exagen (XGN) is -30.0%. Learn about profit margins.

What is the operating margin of Exagen (XGN)?

The operating profit margin of Exagen (XGN) is -21.1%. Learn about operating margins.

What is the gross margin of Exagen (XGN)?

The gross profit margin of Exagen (XGN) is 58.3%. Learn about gross margins.

What is the current ratio of Exagen (XGN)?

The current ratio of Exagen (XGN) is 3.45, indicating the company's ability to pay short-term obligations. Learn about liquidity ratios.

What is the gross profit of Exagen (XGN)?

The gross profit of Exagen (XGN) is $38.8M on a trailing twelve months (TTM) basis.

What is the operating income of Exagen (XGN)?

The operating income of Exagen (XGN) is -$14.1M. Learn about operating income.

What does Exagen Inc. do?

Exagen Inc. is a commercial-stage diagnostics company focused on autoimmune disease testing. The company describes itself as a leading provider of autoimmune diagnostics and autoimmune testing solutions, offering AVISE-branded tests that support diagnosis, prognosis, and monitoring of autoimmune rheumatic diseases.

What is AVISE CTD?

AVISE CTD is Exagen’s flagship test within its AVISE-branded portfolio. According to the company, AVISE CTD enables clinicians to more effectively diagnose complex autoimmune conditions such as lupus, rheumatoid arthritis, and Sjögren’s disease or Sjögren’s syndrome earlier and with greater accuracy.

Which diseases are targeted by Exagen’s testing portfolio?

Exagen states that its testing portfolio, led by AVISE CTD, focuses on complex autoimmune conditions and rheumatic diseases. Company materials specifically reference systemic lupus erythematosus, lupus nephritis, rheumatoid arthritis, including seronegative RA, and Sjögren’s disease or Sjögren’s syndrome.

Who uses Exagen’s AVISE tests?

Earlier company descriptions note that Exagen markets and sells its AVISE-branded testing products to community rheumatologists. Its tests are described as tools to help clinicians diagnose, monitor, and manage autoimmune rheumatic diseases.

Where is Exagen based?

Exagen reports that it is based in San Diego County, California. SEC filings also list the company’s principal executive offices in Vista, California, reflecting its presence in that region.

How does Exagen describe its laboratory capabilities?

Exagen states that its laboratory is CLIA-certified and CAP-accredited and that it specializes in the testing of rheumatic diseases. The company emphasizes that it delivers precise and timely results supported by a suite or full suite of AVISE-branded tests for disease diagnosis, prognosis, and monitoring.

What role does research play in Exagen’s business?

Exagen highlights research as a core focus. The company has reported acceptance of multiple abstracts at the American College of Rheumatology’s annual meeting, including a plenary presentation on a urinary biomarker panel for lupus nephritis and posters on kidney-specific biomarker panels, T cell biomarkers, and multianalyte lupus risk scores. These efforts are presented as part of its work to improve precision management of autoimmune diseases.

What biomarkers has Exagen highlighted in its communications?

In its news releases, Exagen has discussed biomarkers such as anti-RA33, anti-PAD4, and traditional biomarkers used to enhance rheumatoid arthritis diagnostic performance, as well as cell-bound T cell biomarkers and kidney-specific biomarker panels related to lupus nephritis and diabetic kidney disease.

On which exchange does Exagen’s stock trade and under what symbol?

Exagen’s common stock trades on the Nasdaq under the ticker symbol XGN, as stated in the company’s press releases and SEC filings.

What is Exagen’s stated mission in autoimmune disease care?

Exagen describes its mission as providing clarity in autoimmune disease decision making and improving clinical outcomes through its testing portfolio. The company emphasizes transforming care for patients with chronic and debilitating autoimmune conditions through diagnostics, research, education, and patient-centered care.