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Consolidated Statements of Loss (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Collaborations, milestones, and royalties $ 10,710,000 $ 59,164,000 $ 40,475,000 $ 123,649,000
Operating expenses        
Research and development 58,226,000 64,941,000 176,630,000 190,553,000
General and administrative 14,767,000 12,493,000 46,300,000 38,107,000
Total operating expenses 72,993,000 77,434,000 222,930,000 228,660,000
Loss from operations (62,283,000) (18,270,000) (182,455,000) (105,011,000)
Other income (expense)        
Interest income 7,537,000 5,023,000 23,766,000 11,693,000
Interest expense (795,000) (7,000) (2,716,000) (21,000)
Other (expense) income, net (10,000) 8,000 (14,000) (14,000)
Impairment on equity securities 0 0 (20,430,000) 0
Gain (loss) on equity securities, net 9,254,000 (11,023,000) (448,000) (13,633,000)
Total other income (expense), net 15,986,000 (5,999,000) 158,000 (1,975,000)
Loss before income tax expense (46,297,000) (24,269,000) (182,297,000) (106,986,000)
Income tax expense 0 0 117,000 0
Net loss (46,297,000) (24,269,000) (182,414,000) (106,986,000)
Net loss attributable to non-controlling interest (1,154,000) 0 (3,275,000) 0
Net loss attributable to Xencor, Inc. $ (45,143,000) $ (24,269,000) $ (179,139,000) $ (106,986,000)
Basic net loss per common share attributable to Xencor, Inc. (in dollars per share) $ (0.71) $ (0.40) $ (2.87) $ (1.77)
Diluted net loss per common share attributable to Xencor, Inc. (in dollars per share) $ (0.71) $ (0.40) $ (2.87) $ (1.77)
Weighted average shares used to compute net income (loss) per share attributable to common stockholders:        
Basic weighted average common shares outstanding (in shares) 64,022,547 60,621,534 62,310,045 60,387,163
Diluted weighted average common shares outstanding (in shares) 64,022,547 60,621,534 62,310,045 60,387,163