Xencor Inc (XNCR)

Gross profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Gross profit US$ in thousands 110,493 -85,260 164,579 275,111 122,694
Revenue US$ in thousands 110,493 168,338 164,579 275,111 122,694
Gross profit margin 100.00% -50.65% 100.00% 100.00% 100.00%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $110,493K ÷ $110,493K
= 100.00%

Xencor Inc's gross profit margin has remained consistently strong from December 31, 2020, to December 31, 2022, at 100.00%. This indicates that the company effectively controls its production costs and generates a healthy profit on sales.

However, there was a significant decline in the gross profit margin to -50.65% on December 31, 2023. This could be a red flag as it suggests that the company's cost of goods sold exceeded its revenues during that period, leading to a negative gross profit margin.

Fortunately, Xencor Inc was able to recover swiftly, as evidenced by a return to a 100.00% gross profit margin on December 31, 2024. Overall, while the sharp decline in 2023 is concerning, the subsequent recovery demonstrates the company's ability to adapt and maintain a strong gross profit margin over the years.