Jun 2026 (Q2 FY26) — Aug 4, 2026
Exagen Q2 FY26 — Record Revenue, Volume, and Near Breakeven Adjusted EBITDA
Read the full callExagen earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 19.9 | +15.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -8.6 | +6.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -3.2 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $11.54 on 17 Oct 2025 → $7.43. High $11.96 (24 Oct 2025), low $2.65 (30 Mar 2026).
Overview
Call summaries
Exagen Q2 FY26 — Record Revenue, Volume, and Near Breakeven Adjusted EBITDA
Read the full callEvery analysed call
Financials
Net profit, year on year: +28% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 13 | 14 | 15 | 17 | 17 | 17 | 17 | 20 |
| Expenses | 12 | -5 | 12 | 13 | 13 | 14 | 14 | 14 |
| Operating profit | -5 | -3 | -3 | -3 | -3 | -5 | -3 | -2 |
| Operating margin | −37.3% | −24.8% | −21.7% | −15.3% | −18.0% | −29.9% | −19.7% | −8.6% |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net profit | -5 | -4 | -4 | -4 | -7 | -5 | -4 | -3 |
| EPS ($ per share) | -0.28 | — | -0.20 | -0.21 | -0.31 | — | -0.17 | -0.13 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -153 | -165 | -181 | -208 | -256 | -279 | -294 | -314 |
| Total liabilities | 36 | 33 | 37 | 39 | 44 | 34 | 35 | 41 |
| Fixed assets | 2 | 1 | 2 | 5 | 8 | 5 | 5 | 7 |
| Total assets | 29 | 88 | 78 | 123 | 86 | 57 | 45 | 58 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -9 | -10 | -14 | -20 | -32 | -14 | -13 | -14 |
| Cash from investing | -0 | -0 | -0 | -2 | -4 | -1 | -1 | -1 |
| Cash from financing | 11 | 69 | -0 | 65 | -0 | -11 | -1 | 24 |
| Net cash flow | 2 | 59 | -15 | 42 | -37 | -26 | -14 | 10 |
| Capital expenditure | -0 | -0 | -0 | -2 | -4 | -1 | -1 | -1 |
| Free cash flow | -9 | -10 | -15 | -23 | -36 | -15 | -14 | -14 |
9 filings between Feb 24, 2026 and Sep 1, 2026.
Purchases
None
No insider bought shares.
Sales
$252.6K
4 sales by 2 insiders
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Black Jeffrey G. | — | $154.5K | Sep 1, 2026 |
| ABALLI JOHN | — | $98.1K | Mar 3, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 1, 2026 | Black Jeffrey G. Chief Financial Officer | Award | 1,571 | $4.7K |
| Sep 1, 2026 | Black Jeffrey G. Chief Financial Officer | Sale | 20,614 | $148.8K |
| Mar 12, 2026 | Black Jeffrey G. Chief Financial Officer | Award | 75,000 | $237.0K |
| Mar 12, 2026 | ABALLI JOHN President and CEO | Award | 150,000 | $0 |
| Mar 3, 2026 | ABALLI JOHN President and CEO | Sale | 15,698 | $56.8K |
| Mar 3, 2026 | ABALLI JOHN President and CEO | Award | 2,535 | $7.8K |
| Feb 27, 2026 | Black Jeffrey G. Chief Financial Officer | Award | 1,511 | $4.6K |
| Feb 24, 2026 | ABALLI JOHN President and CEO | Sale | 11,430 | $41.3K |
| Feb 24, 2026 | Black Jeffrey G. Chief Financial Officer | Sale | 1,584 | $5.7K |
| Oct 16, 2025 | ABALLI JOHN President and CEO | Sale | 31,787 | $375.6K |
| Sep 2, 2025 | Black Jeffrey G. Chief Financial Officer | Sale | 20,466 | $200.4K |
| Mar 25, 2025 | NMSIC Co-Investment Fund, L.P. 10% owner | Sale | 350,000 | $1.16M |
| Feb 28, 2025 | ABALLI JOHN President and CEO | Award | 8,621 | $21.3K |
| Feb 21, 2025 | Black Jeffrey G. Chief Financial Officer | Award | 15,000 | $0 |
| Feb 21, 2025 | ABALLI JOHN President and CEO | Award | 112,500 | $0 |
| Nov 20, 2024 | NMSIC Co-Investment Fund, L.P. 10% owner | Sale | 200,000 | $660.0K |
| Nov 15, 2024 | Black Jeffrey G. Chief Financial Officer | Purchase | 22,298 | $66.4K |
| Nov 14, 2024 | ABALLI JOHN President and CEO | Purchase | 24,305 | $68.3K |
| Sep 1, 2024 | Black Jeffrey G. Chief Financial Officer | Award | 225,000 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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