Xencor Inc 8-K

What Happened

• Xencor, Inc. filed a Form 8‑K on January 8, 2026 (Item 2.02) announcing preliminary estimates of its cash position. The company estimates cash, cash equivalents and marketable debt securities were approximately $611.0 million as of December 31, 2025, down from $706.7 million as of December 31, 2024. Xencor states that, based on current operating plans, it expects these funds will be sufficient to fund research and development programs and operations through 2028.
• The company cautioned these figures are preliminary, unaudited and may change as year‑end closing and audit procedures are completed.

Key Details

• Preliminary cash, cash equivalents and marketable debt securities (Dec 31, 2025): ~$611.0 million.
• Prior year (Dec 31, 2024) cash and equivalents: $706.7 million.
• Management's stated expected cash runway: through 2028 to fund R&D and operations.
• Filing date: January 8, 2026; figures are not audited and may differ when final results are released.

Why It Matters

• The update gives investors a near‑term view of Xencor’s financial condition and liquidity: a year‑over‑year decline of about $95.7 million in cash and equivalents, and management’s statement that current funds are expected to cover operations into 2028.
• Because the numbers are preliminary and unaudited, investors should watch for the company’s final audited year‑end results and any subsequent disclosures on cash burn, program milestones or financing needs that could affect runway and valuation.