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How Xeris Biopharma Holdings (XERS) makes money

Xeris Biopharma Holdings (XERS) made $107M of revenue in the third quarter 2026 (Q3 2026), +44% from a year earlier. Product revenue, net brought in $106M (99%); Royalty, contract and other revenue brought in $958K (1%). Of every dollar of revenue, 16¢ was left as operating profit, 11¢ was left as net earnings.

Drawing the Sankey…

Xeris Biopharma Holdings revenue by segment, Q3 2026Xeris Biopharma Holdings revenue by segment, Q3 2026Product revenue, net$106MRoyalty, contract and other reven…$958K
Xeris Biopharma Holdings: revenue by line, Q1 2025 to Q3 2026Xeris Biopharma Holdings: revenue by line, Q1 2025 to Q3 2026Product revenue, netRoyalty, contract and…Product revenue, net: $106M latest$106MRoyalty, contract and other revenue: $958K latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Product revenue, net went from 96% of revenue in Q1 2025 to 99% in Q3 2026, the largest shift in the mix.
Xeris Biopharma Holdings revenue by quarterXeris Biopharma Holdings revenue by quarter$60.1MQ1 2025$71.5MQ2 2025$74.4MQ3 2025$85.8MQ4 2025$83.1MQ1 2026$92.1MQ2 2026$107MQ3 2026
Xeris Biopharma Holdings: where each dollar of revenue goesXeris Biopharma Holdings: where each dollar of revenue goesOperating profit16¢Net earnings11¢Operating cash flow33¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Product revenue, net$106M99.1%+17%+43%
  ↳ Recorlev$71.5M66.7%+26%+93%
  ↳ Gvoke$21.7M20.2%-4%-14%
  ↳ Keveyis$13.0M12.1%+12%+9%
Royalty, contract and other revenue$958K0.9%-13%+202%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$107M100.0%
Operating profit$16.9M15.8%
Net earnings$11.3M10.5%
Operating cash flow$35.5M33.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$107M+44%
Q2 2026$92.1M+29%
Q1 2026$83.1M+38%
Q4 2025$85.8M+43%
Q3 2025$74.4M+37%
Q2 2025$71.5M+49%
Q1 2025$60.1M+48%

From Xeris Biopharma Holdings' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Xeris Biopharma Holdings make money?

Xeris Biopharma Holdings (XERS) made $107M of revenue in the third quarter 2026 (Q3 2026), +44% from a year earlier. Product revenue, net brought in $106M (99%); Royalty, contract and other revenue brought in $958K (1%). Of every dollar of revenue, 16¢ was left as operating profit, 11¢ was left as net earnings.

What is Xeris Biopharma Holdings' biggest business?

Product revenue, net: $106M in the third quarter 2026, 99% of revenue, +43% from a year earlier.

What is Xeris Biopharma Holdings' profit margin?

Net earnings were $11.3M, 10.5% of revenue, in the third quarter 2026; the operating margin was 15.8%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.