Company / R&D Expense
EXAGEN INC. R&D Expense History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$5.4M
FY2025
5-year range
$3.6M / $9.9M
FY2021-FY2025
Trend
+10.5%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Declined from $10M to $5M over the past 2 years.
Based on SEC 10-K filings.
$5M in FY2025 with a 5-year CAGR of +19.8%.
Declined from $10M to $5M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -9.4%
- 5-Year CAGR
- +19.8%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +19.8%, indicating consistent growth.
- In FY2025, r&d expense increased 10.5% year-over-year.
- Peak r&d expense was recorded in FY2023.
- Lowest r&d expense in the period was in FY2019.
Company context
Key Data Points
- Altman Z-Score 0.74 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $5.4M | +10.5% |
| FY2024 | $4.9M | -50.7% |
| FY2023 | $9.9M | +36.5% |
| FY2022 | $7.2M | +102.8% |
| FY2021 | $3.6M | +64.0% |
| FY2020 | $2.2M | +2.4% |
| FY2019 | $2.1M | - |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026