Quick Answer
Xencor Inc reported R&D Expense of $239.43 million for fiscal year 2025.
Xencor Inc R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $239.43M | +5.2% |
| 2024 | $227.69M | -10.2% |
| 2023 | $253.60M | +27.1% |
| 2022 | $199.56M | +3.7% |
| 2021 | $192.51M | +13.4% |
| 2020 | $169.80M | +43.2% |
| 2019 | $118.59M | +21.6% |
| 2018 | $97.50M | +35.8% |
| 2017 | $71.77M | +38.4% |
| 2016 | $51.87M | +51.9% |
| 2015 | $34.14M | +84.4% |
| 2014 | $18.52M | +8.9% |
| 2013 | $17.00M | +34.2% |
| 2012 | $12.67M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $54.37M | -6.6% | -11.8% |
| June 30, 2025 | $61.66M | +0.2% | +5.3% |
| March 31, 2025 | $58.58M | +3.0% | +0.6% |
| September 30, 2024 | $58.23M | -10.3% | -5.4% |
| June 30, 2024 | $61.53M | +2.4% | +8.2% |
| March 31, 2024 | $56.87M | -13.2% | -12.4% |
| September 30, 2023 | $64.94M | +21.9% | +8.1% |
| June 30, 2023 | $60.06M | +27.6% | -8.4% |
- Xencor Inc showed an increase of +5.2% in R&D Expense compared to the prior fiscal year.
- Over the 2012–2025 period, Xencor Inc’s r&d expense has grown by 1790.1% (from $12.67 million to $239.43 million).
- The most recent figure is from Xencor Inc’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 25, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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