Company / Working Capital
EXAGEN INC. Working Capital History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
$34.7M
FY2025
5-year range
$22.9M / $103.4M
FY2021-FY2025
Trend
+51.4%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Working Capital returned to growth in FY2025 after 3 years of decline, reaching $35M.
Based on SEC 10-K filings.
$35M in FY2025 with a 5-year CAGR of -10.9%.
Declined from $36M to $35M over the past 2 years.
Working Capital over time
Growth rates
- 3-Year CAGR
- -18.0%
- 5-Year CAGR
- -10.9%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of -10.9%, indicating a declining trend.
- In FY2025, working capital increased 51.4% year-over-year.
- Peak working capital was recorded in FY2021.
- Lowest working capital in the period was in FY2024.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $34.7M | +51.4% |
| FY2024 | $22.9M | -36.1% |
| FY2023 | $35.9M | -42.9% |
| FY2022 | $63.0M | -39.1% |
| FY2021 | $103.4M | +67.5% |
| FY2020 | $61.7M | -18.1% |
| FY2019 | $75.4M | - |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026