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Filing Flows › Xencor (XNCR) › R&D spending

Xencor (XNCR) R&D spending by quarter

Xencor's R&D spending was $84.3M in Q3 2026 (third quarter 2026), +17% from Q2 2026. Over the last 7 quarters it ranged from $54.4M (Q3 2025) to $84.3M (Q3 2026).

Xencor R&D spending by quarterXencor R&D spending by quarter$58.6MQ1 2025$61.7MQ2 2025$54.4MQ3 2025$64.8MQ4 2025$64.7MQ1 2026$71.9MQ2 2026$84.3MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$84.3M+17%+55%
Q2 2026$71.9M+11%+17%
Q1 2026$64.7M-0.2%+10%
Q4 2025$64.8M+19%—
Q3 2025$54.4M-12%—
Q2 2025$61.7M+5%—
Q1 2025$58.6M——

Q3 2026 at a glance

Xencor, Q3 2026: revenue $117M (+455% year over year), operating margin 19.6%, net earnings $39.4M, operating cash flow $2.6M. The chart follows the revenue to costs, profit and cash.

Questions

What is Xencor's R&D spending?

Xencor's R&D spending was $84.3M in Q3 2026 (third quarter 2026), +17% from Q2 2026.

How has Xencor's R&D spending changed?

Over the last 7 quarters it ranged from $54.4M (Q3 2025) to $84.3M (Q3 2026).

Q3 2026 results → · How Xencor makes money →