{"as_of":"2026-10-09","company":{"cik":1326732,"exchange":"Nasdaq","has_companyfacts":true,"name":"Xencor Inc","reason":null,"sector":"healthcare","sic":2834,"sic_description":"Pharmaceutical Preparations","status":"eligible","ticker":"XNCR"},"condition":{"data_age":{"as_of":"2026-10-09","basis":"annual statements behind the grade; see diagnostics.filing_gap for the latest periodic filing","days":226,"latest_filed":"2026-02-25"},"reliability":{"all":{"auc":0.8767,"ci":[0.858,0.8947],"test_events":691},"base_rate_window":"annualized 12-month Item 1.03 frequency, filings 2012-01-01 to 2025-12-31","confirmation":"pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05","fit_window":"filings 2012-01-01 to 2019-12-31","model":"11 accounting level inputs plus loss and burn thresholds, fit separately within asset quintile, L2 penalty selected per stratum by 5-fold CIK-grouped cross-validation on the training window","outcome":"8-K Item 1.03 within 365 days, with the directional acquisition rule","source":"reliability study of the per-band refit on EDGAR filings; fit 2012-2019, test 2020-2025","status":"post_hoc_pending_confirmation","stratum":{"auc":0.9116,"base_rate_annual":0.01011,"ci":[0.8763,0.9415],"id":"Q4","test_events":160},"test_window":"filings 2020-01-01 to 2025-12-31","universe":{"auc":0.8893,"ci":[0.8716,0.9064],"inside":true,"test_events":617}},"standard_universe":{"assets":875495000,"assets_min":10000000,"inside":true,"receipts":{"assets":{"accession":"0001326732-26-000015","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","form":"10-K","tag":"us-gaap:Assets"},"revenue":{"accession":"0001326732-26-000015","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","form":"10-K","tag":"us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax"}},"revenue":125576000,"revenue_min":1000000,"rule":"revenue above $1M and total assets above $10M; the screen every published distress figure was measured inside"},"stratum":{"assets":875495000,"assets_max":2670000000,"assets_min":591000000,"id":"Q4","label":"$591M to $2.67B assets","receipt":{"accession":"0001326732-26-000015","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","form":"10-K","tag":"us-gaap:Assets"}}},"coverage":{"resolved":6,"wanted":14},"diagnostics":{"cash_runway":{"burning_cash":true,"cash_flow_inputs":[{"concept":"operating_cash_flow","end":"2026-06-30","fiscal_period":"Q2","fiscal_year":2026,"inputs":[{"accession":"0001326732-26-000056","concept":"operating_cash_flow","end":"2026-06-30","filed":"2026-08-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000056/0001326732-26-000056-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":"2026-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-123286000},{"accession":"0001326732-26-000043","concept":"operating_cash_flow","end":"2026-03-31","filed":"2026-05-06","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000043/0001326732-26-000043-index.html","fiscal_period":"Q1","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":"2026-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-67628000}],"method":"ytd_difference","unit":"USD","value":-55658000},{"concept":"operating_cash_flow","end":"2026-03-31","fiscal_period":"Q1","fiscal_year":2026,"inputs":[{"accession":"0001326732-26-000043","concept":"operating_cash_flow","end":"2026-03-31","filed":"2026-05-06","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000043/0001326732-26-000043-index.html","fiscal_period":"Q1","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":"2026-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-67628000}],"method":"direct","unit":"USD","value":-67628000},{"concept":"operating_cash_flow","end":"2025-12-31","fiscal_period":"Q4","fiscal_year":2025,"inputs":[{"accession":"0001326732-26-000015","concept":"operating_cash_flow","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-135117000},{"accession":"0001326732-25-000087","concept":"operating_cash_flow","end":"2025-09-30","filed":"2025-11-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000087/0001326732-25-000087-index.html","fiscal_period":"Q3","fiscal_year":2025,"form":"10-Q","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-83406000}],"method":"annual_less_ytd_q3","unit":"USD","value":-51711000},{"concept":"operating_cash_flow","end":"2025-09-30","fiscal_period":"Q3","fiscal_year":2025,"inputs":[{"accession":"0001326732-25-000087","concept":"operating_cash_flow","end":"2025-09-30","filed":"2025-11-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000087/0001326732-25-000087-index.html","fiscal_period":"Q3","fiscal_year":2025,"form":"10-Q","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-83406000},{"accession":"0001326732-26-000056","concept":"operating_cash_flow","end":"2025-06-30","filed":"2026-08-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000056/0001326732-26-000056-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-52589000}],"method":"ytd_difference","unit":"USD","value":-30817000}],"cash_input":{"accession":"0001326732-26-000056","concept":"cash","end":"2026-06-30","filed":"2026-08-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000056/0001326732-26-000056-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","value":44663000},"detail":null,"kind":"diagnostic","months":2.6040794115074775,"name":"cash_runway","period_end":"2026-06-30","reason":null,"short_runway":true,"status":"resolved","threshold_months":6,"trailing_operating_cash_flow":-205814000.0},"filing_gap":{"ceased":false,"days":65,"forms":["10-K","10-KT","10-Q","10-QT","20-F","40-F"],"kind":"diagnostic","last_accession":"0001326732-26-000056","last_filing_date":"2026-08-05","last_filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000056/0001326732-26-000056-index.html","last_form":"10-Q","name":"filing_gap","reason":null,"status":"resolved","threshold_days":365},"late_filer":{"filings":[],"forms":["NT 10-K","NT 10-Q"],"kind":"diagnostic","late_filer":false,"lookback_days":730,"name":"late_filer","reason":null,"status":"resolved"},"median_dollar_adv":{"status":"resolved","unit":"USD_per_day","value":27998635.82,"window_trading_days":63},"piotroski_f_score":{"components":[{"inputs":[{"accession":"0001326732-26-000015","concept":"net_income","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetIncomeLoss","unit":"USD","value":-91923000},{"accession":"0001326732-26-000015","concept":"assets","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":951945000}],"metric":-0.09656335187432047,"name":"positive_roa","passed":false,"period_end":"2025-12-31","status":"resolved","unit":"ratio"},{"inputs":[{"accession":"0001326732-26-000015","concept":"operating_cash_flow","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-135117000}],"metric":-135117000.0,"name":"positive_operating_cash_flow","passed":false,"period_end":"2025-12-31","status":"resolved","unit":"USD"},{"inputs":[{"accession":"0001326732-26-000015","concept":"net_income","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetIncomeLoss","unit":"USD","value":-91923000},{"accession":"0001326732-26-000015","concept":"net_income","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2024-01-01","tag":"NetIncomeLoss","unit":"USD","value":-232618000},{"accession":"0001326732-26-000015","concept":"assets","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":951945000},{"accession":"0001326732-25-000029","concept":"assets","end":"2023-12-31","filed":"2025-02-27","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000029/0001326732-25-000029-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":965135000}],"metric":0.14445785241316264,"name":"improving_roa","passed":true,"period_end":"2025-12-31","status":"resolved","unit":"change_in_ratio"},{"inputs":[{"accession":"0001326732-26-000015","concept":"operating_cash_flow","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-135117000},{"accession":"0001326732-26-000015","concept":"net_income","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetIncomeLoss","unit":"USD","value":-91923000}],"metric":-43194000.0,"name":"cash_flow_exceeds_net_income","passed":false,"period_end":"2025-12-31","status":"resolved","unit":"USD"},{"inputs":[{"accession":"0001326732-26-000015","concept":"long_term_debt","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LongTermDebtNoncurrent","unit":"USD","value":76482000},{"accession":"0001326732-26-000015","concept":"long_term_debt","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LongTermDebtNoncurrent","unit":"USD","value":115159000},{"accession":"0001326732-26-000015","concept":"assets","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":875495000},{"accession":"0001326732-26-000015","concept":"assets","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":951945000},{"accession":"0001326732-25-000029","concept":"assets","end":"2023-12-31","filed":"2025-02-27","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000029/0001326732-25-000029-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":965135000}],"metric":-0.036436025253099524,"name":"declining_long_term_leverage","passed":true,"period_end":"2025-12-31","status":"resolved","unit":"change_in_ratio"},{"inputs":[{"accession":"0001326732-26-000015","concept":"current_assets","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"AssetsCurrent","unit":"USD","value":599821000},{"accession":"0001326732-26-000015","concept":"current_liabilities","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LiabilitiesCurrent","unit":"USD","value":95907000},{"accession":"0001326732-26-000015","concept":"current_assets","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"AssetsCurrent","unit":"USD","value":577601000},{"accession":"0001326732-26-000015","concept":"current_liabilities","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LiabilitiesCurrent","unit":"USD","value":87432000}],"metric":-0.35209414822469043,"name":"improving_current_ratio","passed":false,"period_end":"2025-12-31","status":"resolved","unit":"change_in_ratio"},{"inputs":[{"accession":"0001326732-26-000015","concept":"shares_outstanding","end":"2026-02-17","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":73338642},{"accession":"0001326732-25-000029","concept":"shares_outstanding","end":"2025-02-14","filed":"2025-02-27","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000029/0001326732-25-000029-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":70461934}],"metric":0.040826412740814,"name":"no_new_shares","passed":false,"period_end":"2025-12-31","status":"resolved","unit":"growth_rate"},{"detail":"two years of revenue and direct or derived gross profit are required","inputs":[],"metric":null,"name":"improving_gross_margin","passed":null,"period_end":"2025-12-31","reason":"insufficient_history","status":"unresolved","unit":""},{"inputs":[{"accession":"0001326732-26-000015","concept":"revenue","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":125576000},{"accession":"0001326732-26-000015","concept":"revenue","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2024-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":110493000},{"accession":"0001326732-26-000015","concept":"assets","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":951945000},{"accession":"0001326732-25-000029","concept":"assets","end":"2023-12-31","filed":"2025-02-27","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000029/0001326732-25-000029-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":965135000}],"metric":0.017430682007465892,"name":"improving_asset_turnover","passed":true,"period_end":"2025-12-31","status":"resolved","unit":"change_in_ratio"}],"coverage":{"resolved":8,"wanted":9},"feeds_grade":false,"kind":"diagnostic","maximum":9,"name":"piotroski_f_score","period_end":"2025-12-31","reason":"incomplete_components","score":null,"status":"unresolved"}},"disclaimer":"Informational and educational only. Not investment advice. SEC and market data may contain errors.","factors":[{"detail":"one or more required annual facts are missing","direction":"higher","failure_class":"missing_input","inputs":[],"name":"gross_profitability","period_end":null,"reason":"missing_input","sleeve":"profitability","status":"unresolved","unit":"ratio","value":null},{"detail":"one or more required annual facts are missing","direction":"higher","failure_class":"missing_input","inputs":[],"name":"roic","period_end":null,"reason":"missing_input","sleeve":"profitability","status":"unresolved","unit":"ratio","value":null},{"direction":"lower","inputs":[{"accession":"0001326732-26-000015","concept":"net_income","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetIncomeLoss","unit":"USD","value":-91923000},{"accession":"0001326732-26-000015","concept":"operating_cash_flow","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-135117000},{"accession":"0001326732-26-000015","concept":"assets","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":875495000},{"accession":"0001326732-26-000015","concept":"assets","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":951945000}],"name":"accruals","period_end":"2025-12-31","sleeve":"profitability","status":"resolved","unit":"ratio","value":0.047272687475375386},{"detail":"five annual gross margins are required; found 0","direction":"lower","failure_class":"insufficient_history","inputs":[],"name":"gross_margin_stability_5y","period_end":null,"reason":"insufficient_history","sleeve":"profitability","status":"unresolved","unit":"standard_deviation","value":null},{"direction":"higher","inputs":[{"accession":"0001326732-26-000015","concept":"current_assets","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"AssetsCurrent","unit":"USD","value":599821000},{"accession":"0001326732-26-000015","concept":"current_liabilities","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LiabilitiesCurrent","unit":"USD","value":95907000},{"accession":"0001326732-26-000015","concept":"retained_earnings","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"RetainedEarningsAccumulatedDeficit","unit":"USD","value":-795959000},{"accession":"0001326732-26-000015","concept":"operating_income","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"OperatingIncomeLoss","unit":"USD","value":-177502000},{"accession":"0001326732-26-000015","concept":"book_equity","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"StockholdersEquity","unit":"USD","value":635587000},{"accession":"0001326732-26-000015","concept":"assets","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":875495000},{"accession":"0001326732-26-000015","concept":"liabilities","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Liabilities","unit":"USD","value":239908000}],"name":"altman_z_double_prime","period_end":"2025-12-31","sleeve":"solvency","status":"resolved","unit":"score","value":2.231254962961903},{"detail":"one or more required annual facts are missing","direction":"lower","failure_class":"missing_input","inputs":[],"name":"net_debt_to_ebitda","period_end":null,"reason":"missing_input","sleeve":"solvency","status":"unresolved","unit":"ratio","value":null},{"detail":"interest expense must exceed $100,000","direction":"higher","failure_class":"non_positive_or_below_floor_denominator","inputs":[{"accession":"0001558370-21-001522","concept":"operating_income","end":"2018-12-31","filed":"2021-02-24","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000155837021001522/0001558370-21-001522-index.html","fiscal_period":"FY","fiscal_year":2020,"form":"10-K","namespace":"us-gaap","start":"2018-01-01","tag":"OperatingIncomeLoss","unit":"USD","value":-79370000},{"accession":"0001558370-19-001049","concept":"interest_expense","end":"2018-12-31","filed":"2019-02-26","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000155837019001049/0001558370-19-001049-index.html","fiscal_period":"FY","fiscal_year":2018,"form":"10-K","namespace":"us-gaap","start":"2018-01-01","tag":"InterestExpense","unit":"USD","value":16000}],"name":"interest_coverage","period_end":"2018-12-31","reason":"non_positive_denominator","sleeve":"solvency","status":"unresolved","unit":"ratio","value":null},{"direction":"higher","inputs":[{"accession":"0001326732-26-000015","concept":"current_assets","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"AssetsCurrent","unit":"USD","value":599821000},{"accession":"0001326732-26-000015","concept":"current_liabilities","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LiabilitiesCurrent","unit":"USD","value":95907000}],"name":"current_ratio","period_end":"2025-12-31","sleeve":"solvency","status":"resolved","unit":"ratio","value":6.254194167266205},{"direction":"higher","inputs":[{"accession":"0001326732-26-000015","concept":"revenue","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":125576000},{"accession":"0001326732-26-000015","concept":"revenue","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2024-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":110493000},{"accession":"0001326732-26-000015","concept":"revenue","end":"2023-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2023-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":174615000},{"accession":"0001326732-25-000029","concept":"revenue","end":"2022-12-31","filed":"2025-02-27","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000029/0001326732-25-000029-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":"2022-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":164579000}],"name":"revenue_cagr_3y","period_end":"2025-12-31","sleeve":"growth_and_financing","status":"resolved","unit":"annual_rate","value":-0.0862148934646445},{"detail":"current FCF must be positive and base FCF must exceed $100,000","direction":"higher","failure_class":"non_positive_or_below_floor_denominator","inputs":[{"accession":"0001326732-26-000015","concept":"operating_cash_flow","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-135117000},{"accession":"0001326732-26-000015","concept":"capital_expenditure","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD","value":3150000},{"accession":"0001326732-26-000015","concept":"operating_cash_flow","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-202188000},{"accession":"0001326732-26-000015","concept":"capital_expenditure","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD","value":6097000},{"accession":"0001326732-26-000015","concept":"operating_cash_flow","end":"2023-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-77926000},{"accession":"0001326732-26-000015","concept":"capital_expenditure","end":"2023-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2023-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD","value":18448000},{"accession":"0001326732-25-000029","concept":"operating_cash_flow","end":"2022-12-31","filed":"2025-02-27","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000029/0001326732-25-000029-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":"2022-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":24485000},{"accession":"0001326732-25-000029","concept":"capital_expenditure","end":"2022-12-31","filed":"2025-02-27","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000029/0001326732-25-000029-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":"2022-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD","value":38494000}],"name":"fcf_cagr_3y","period_end":"2025-12-31","reason":"non_positive_denominator","sleeve":"growth_and_financing","status":"unresolved","unit":"annual_rate","value":null},{"detail":"pretax income must exceed the validity floor and imply a 0%-100% tax rate","direction":"higher","failure_class":"non_positive_or_below_floor_denominator","inputs":[{"accession":"0001326732-26-000015","concept":"capital_expenditure","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD","value":3150000},{"accession":"0001326732-26-000015","concept":"depreciation_amortization","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"DepreciationDepletionAndAmortization","unit":"USD","value":10512000},{"accession":"0001326732-26-000015","concept":"operating_income","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"OperatingIncomeLoss","unit":"USD","value":-177502000},{"accession":"0001326732-26-000015","concept":"pretax_income","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","value":-89633000},{"accession":"0001326732-26-000015","concept":"income_tax","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"IncomeTaxExpenseBenefit","unit":"USD","value":2504000},{"accession":"0001326732-26-000015","concept":"current_assets","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"AssetsCurrent","unit":"USD","value":599821000},{"accession":"0001326732-26-000015","concept":"current_liabilities","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LiabilitiesCurrent","unit":"USD","value":95907000},{"accession":"0001326732-26-000015","concept":"current_assets","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"AssetsCurrent","unit":"USD","value":577601000},{"accession":"0001326732-26-000015","concept":"current_liabilities","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"LiabilitiesCurrent","unit":"USD","value":87432000}],"name":"reinvestment_rate","period_end":"2025-12-31","reason":"non_positive_denominator","sleeve":"growth_and_financing","status":"unresolved","unit":"ratio","value":null},{"direction":"higher","inputs":[{"accession":"0001326732-26-000015","concept":"assets","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":875495000},{"accession":"0001326732-26-000015","concept":"assets","end":"2024-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":951945000},{"accession":"0001326732-25-000029","concept":"assets","end":"2023-12-31","filed":"2025-02-27","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000029/0001326732-25-000029-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":965135000},{"accession":"0001326732-25-000015","concept":"assets","end":"2022-12-31","filed":"2025-02-24","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000015/0001326732-25-000015-index.html","fiscal_period":"FY","fiscal_year":2023,"form":"10-K/A","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":846266000}],"name":"asset_growth_3y","period_end":"2025-12-31","sleeve":"growth_and_financing","status":"resolved","unit":"annual_rate","value":0.011382867267110353},{"detail":"latest liabilities, cash plus short-term investments, book equity, and shares are required","direction":"lower","failure_class":"missing_input","inputs":[],"name":"chs_12m","period_end":"2026-06-30","reason":"missing_input","sleeve":"solvency","status":"unresolved","unit":"probability","value":null},{"detail":"provider split factors current=1, prior=1","direction":"lower","inputs":[{"accession":"0001326732-26-000015","concept":"shares_outstanding","end":"2026-02-17","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":73338642},{"accession":"0001326732-25-000029","concept":"shares_outstanding","end":"2025-02-14","filed":"2025-02-27","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000029/0001326732-25-000029-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":70461934}],"name":"net_share_issuance","period_end":"2026-02-17","sleeve":"growth_and_financing","status":"resolved","unit":"growth_rate","value":0.040826412740814}],"facts":[{"accession":"0001326732-26-000015","concept":"revenue","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":125576000},{"concept":"gross_profit","detail":"no matching annual XBRL fact","reason":"missing_input"},{"accession":"0001326732-26-000015","concept":"net_income","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetIncomeLoss","unit":"USD","value":-91923000},{"accession":"0001326732-26-000015","concept":"operating_cash_flow","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-135117000},{"accession":"0001326732-26-000015","concept":"assets","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":875495000},{"accession":"0001326732-26-000015","concept":"liabilities","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Liabilities","unit":"USD","value":239908000},{"accession":"0001326732-26-000015","concept":"cash","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","value":54073000},{"accession":"0001326732-26-000015","concept":"shares_outstanding","end":"2026-02-17","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":73338642}],"flags":[{"active":false,"detail":"split-adjusted year-over-year share growth is 4.1%","inputs":[{"accession":"0001326732-26-000015","concept":"shares_outstanding","end":"2026-02-17","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":73338642},{"accession":"0001326732-25-000029","concept":"shares_outstanding","end":"2025-02-14","filed":"2025-02-27","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000029/0001326732-25-000029-index.html","fiscal_period":"FY","fiscal_year":2024,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":70461934}],"name":"dilution","status":"resolved"},{"active":true,"detail":"cash runway is 2.6 months","inputs":[{"accession":"0001326732-26-000056","concept":"cash","end":"2026-06-30","filed":"2026-08-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000056/0001326732-26-000056-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","value":44663000}],"name":"short_runway","status":"resolved"},{"active":false,"detail":"found 0 NT 10-K/Q filings in the last eight quarters","inputs":[],"name":"late_filer","status":"resolved"},{"active":true,"detail":"6 of 14 grade factors are computable; minimum is 7","inputs":[],"name":"thin_data","status":"resolved"},{"active":false,"detail":"latest revenue and assets both exceed the $100,000 validity floor","inputs":[{"accession":"0001326732-26-000015","concept":"revenue","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":125576000},{"accession":"0001326732-26-000015","concept":"assets","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":null,"tag":"Assets","unit":"USD","value":875495000}],"name":"degenerate_inputs","status":"resolved"},{"active":null,"detail":"CHS probability or universe top-decile threshold is unavailable","inputs":[],"name":"distress","status":"unresolved"},{"active":null,"detail":"aligned cash and debt are required","inputs":[],"name":"fortress","status":"unresolved"}],"generated_at":"2026-10-09T07:10:09+00:00","grade":{"composite":null,"coverage":{"resolved":6,"wanted":14},"factor_percentiles":{"accruals":{"direction":"lower","peer_count":811,"peer_group":"healthcare","percentile":0.8777777777777778,"raw_value":0.047272687475375386},"altman_z_double_prime":{"direction":"higher","peer_count":756,"peer_group":"healthcare","percentile":0.280794701986755,"raw_value":2.231254962961903},"asset_growth_3y":{"direction":"higher","peer_count":704,"peer_group":"healthcare","percentile":0.48933143669985774,"raw_value":0.011382867267110353},"current_ratio":{"direction":"higher","peer_count":839,"peer_group":"healthcare","percentile":0.2971360381861575,"raw_value":6.254194167266205},"net_share_issuance":{"direction":"lower","peer_count":634,"peer_group":"healthcare","percentile":0.42812006319115326,"raw_value":0.040826412740814},"revenue_cagr_3y":{"direction":"higher","peer_count":415,"peer_group":"healthcare","percentile":0.8405797101449275,"raw_value":-0.0862148934646445}},"grade":null,"normalization":{"correlation_standard_deviation":null,"factor_weights":{},"method":"sqrt(w'Rw)"},"peer_count":879,"peer_group":"healthcare","percentile":null,"reason":"computable_factors_below_threshold","sampling_standard_deviation":null,"sleeve_scores":{"growth_and_financing":0.5860104033453128,"profitability":0.8777777777777778,"solvency":0.2889653700864563},"status":"unresolved","ticker":"XNCR"},"grade_history":[{"date":"2012-01-21","grade":null,"percentile":null,"stratum":null},{"date":"2015-02-21","grade":null,"percentile":null,"stratum":"Q2"},{"date":"2016-03-21","grade":null,"percentile":null,"stratum":"Q3"},{"date":"2020-03-21","grade":null,"percentile":null,"stratum":"Q4"},{"date":"2022-03-21","grade":"D/E","percentile":0.8075117370892019,"stratum":"Q4"},{"date":"2023-03-21","grade":null,"percentile":null,"stratum":"Q4"}],"grade_sensitivity":{"all_eligible_peer_universe_equal_sleeves":{"grade":null,"peer_count":3545,"peer_group":"all_eligible","peer_policy":"all","percentile":null,"status":"unresolved","weight_policy":"sleeves"},"baseline_sector_rollup_equal_sleeves":{"grade":null,"peer_count":879,"peer_group":"healthcare","peer_policy":"auto","percentile":null,"status":"unresolved","weight_policy":"sleeves"},"same_exchange_peer_universe_equal_sleeves":{"grade":null,"peer_count":2161,"peer_group":"exchange:Nasdaq","peer_policy":"exchange","percentile":null,"status":"unresolved","weight_policy":"sleeves"},"sector_rollup_equal_factors":{"grade":null,"peer_count":879,"peer_group":"healthcare","peer_policy":"auto","percentile":null,"status":"unresolved","weight_policy":"factors"}},"implied_expectations":{"as_of":"2026-10-09","coverage":{"resolved":7,"wanted":8},"feeds_grade":false,"live_inputs":{"book_equity":503228000,"cash":44663000,"debt":null,"ebit":-177502000,"free_cash_flow":-138267000.0,"market_equity":1821658226.5,"price":{"close":24.5,"date":"2026-10-08","volume":2189297},"sales":125576000,"shares":{"accession":"0001326732-26-000056","concept":"shares_outstanding","end":"2026-07-31","filed":"2026-08-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000056/0001326732-26-000056-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":74353397}},"metrics":[{"detail":"required accounting or market input is missing","inputs":[{"accession":"0001326732-26-000015","concept":"operating_income","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"OperatingIncomeLoss","unit":"USD","value":-177502000},{"accession":"0001326732-26-000056","concept":"cash","end":"2026-06-30","filed":"2026-08-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000056/0001326732-26-000056-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","value":44663000}],"market_inputs":{"current_split_factor":1.0,"market_equity":1821658226.5,"price":{"close":24.5,"date":"2026-10-08","volume":2189297},"statement_split_factor":1.0},"name":"ebit_to_enterprise_value","period_end":"2025-12-31","reason":"missing_input","status":"unresolved","unit":"ratio","value":null},{"detail":null,"inputs":[{"accession":"0001326732-26-000015","concept":"operating_cash_flow","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","value":-135117000},{"accession":"0001326732-26-000015","concept":"capital_expenditure","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD","value":3150000}],"market_inputs":{"current_split_factor":1.0,"market_equity":1821658226.5,"price":{"close":24.5,"date":"2026-10-08","volume":2189297},"statement_split_factor":1.0},"name":"fcf_yield","period_end":"2025-12-31","reason":null,"status":"resolved","unit":"ratio","value":-0.0759017240383538},{"detail":null,"inputs":[{"accession":"0001326732-26-000056","concept":"book_equity","end":"2026-06-30","filed":"2026-08-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000056/0001326732-26-000056-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"StockholdersEquity","unit":"USD","value":503228000}],"market_inputs":{"current_split_factor":1.0,"market_equity":1821658226.5,"price":{"close":24.5,"date":"2026-10-08","volume":2189297},"statement_split_factor":1.0},"name":"book_to_price","period_end":"2026-06-30","reason":null,"status":"resolved","unit":"ratio","value":0.27624720854848017},{"detail":null,"inputs":[{"accession":"0001326732-26-000015","concept":"revenue","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","value":125576000}],"market_inputs":{"current_split_factor":1.0,"market_equity":1821658226.5,"price":{"close":24.5,"date":"2026-10-08","volume":2189297},"statement_split_factor":1.0},"name":"sales_to_price","period_end":"2025-12-31","reason":null,"status":"resolved","unit":"ratio","value":0.06893499459625448},{"detail":null,"inputs":[],"market_inputs":{},"name":"momentum_12_1","period_end":"2026-10-09","reason":null,"status":"resolved","unit":"return","value":1.3243819266837171},{"detail":null,"inputs":[],"market_inputs":{},"name":"distance_from_52_week_high","period_end":"2026-10-09","reason":null,"status":"resolved","unit":"return","value":-0.16382252559726962},{"detail":null,"inputs":[],"market_inputs":{},"name":"sector_relative_strength","period_end":"2026-10-09","reason":null,"status":"resolved","unit":"log_excess_return","value":0.6312721542625008},{"detail":null,"inputs":[{"accession":"0001326732-26-000015","concept":"shares_outstanding","end":"2026-02-17","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":73338642},{"accession":"0001558370-21-001522","concept":"shares_outstanding","end":"2021-02-16","filed":"2021-02-24","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000155837021001522/0001558370-21-001522-index.html","fiscal_period":"FY","fiscal_year":2020,"form":"10-K","namespace":"dei","start":null,"tag":"EntityCommonStockSharesOutstanding","unit":"shares","value":57945225}],"market_inputs":{"cumulative_log_return":-0.7151482698188443,"current_split_factor":1.0,"current_total_return_price":{"close":24.5,"date":"2026-10-08","volume":2189297},"market_equity":1821658226.5,"price":{"close":24.5,"date":"2026-10-08","volume":2189297},"prior_market_equity":2902476320.25,"prior_raw_price":{"close":50.09,"date":"2021-02-16","volume":187624},"prior_total_return_price":{"close":50.09,"date":"2021-02-16","volume":187624},"statement_split_factor":1.0},"name":"composite_equity_issuance_5y","period_end":"2026-02-17","reason":null,"status":"resolved","unit":"log_growth","value":0.24933119339846138}],"name":"implied_expectations","predictive_claim":false,"verdict":null},"live_implied_expectations":{"as_of":"2026-10-08T19:59:53.86244519Z","enterprise_value":null,"feeds_grade":false,"market_equity":1820171158.56,"metrics":{"book_to_price":0.27647290071232694,"ebit_to_enterprise_value":null,"fcf_yield":-0.07596373525080344,"sales_to_price":0.06899131403628408},"predictive_claim":false,"price":24.48,"status":"resolved","verdict":null},"market_scope":{"status":"resolved"},"market_snapshot":{"ask":28.79,"bid":19.43,"daily_bar":{"c":24.48,"h":24.555,"l":22.61,"n":1609,"o":24,"t":"2026-10-08T04:00:00Z","v":87211,"vw":23.502862},"day_change":0.22500000000000142,"day_change_percent":0.009276437847866479,"feed":"iex","feeds_grade":false,"minute_bar":{"c":24.48,"h":24.5,"l":24.48,"n":47,"o":24.48,"t":"2026-10-08T19:59:00Z","v":1531,"vw":24.488438},"previous_close":24.255,"price":24.48,"price_timestamp":"2026-10-08T19:59:53.86244519Z","quoted_spread":9.36,"quoted_spread_percent":0.3882206553297387,"reason":null,"retrieved_at":"2026-10-09T07:09:49.534009Z","status":"resolved","symbol":"XNCR"},"models":{"chs_12m":{"accounting_period_end":"2026-06-30","accounting_receipts":{"liabilities":[{"accession":"0001326732-26-000056","concept":"liabilities","end":"2026-06-30","filed":"2026-08-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000056/0001326732-26-000056-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"Liabilities","unit":"USD","value":221732000},{"accession":"0001326732-26-000043","concept":"liabilities","end":"2026-03-31","filed":"2026-05-06","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000043/0001326732-26-000043-index.html","fiscal_period":"Q1","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"Liabilities","unit":"USD","value":221213000},{"accession":"0001326732-26-000056","concept":"liabilities","end":"2025-12-31","filed":"2026-08-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000056/0001326732-26-000056-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"Liabilities","unit":"USD","value":239908000},{"accession":"0001326732-25-000087","concept":"liabilities","end":"2025-09-30","filed":"2025-11-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000087/0001326732-25-000087-index.html","fiscal_period":"Q3","fiscal_year":2025,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"Liabilities","unit":"USD","value":243495000}],"net_income":[{"accession":"0001326732-26-000056","concept":"net_income","end":"2026-06-30","filed":"2026-08-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000056/0001326732-26-000056-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":"2026-04-01","tag":"NetIncomeLoss","unit":"USD","value":-21729000},{"accession":"0001326732-26-000043","concept":"net_income","end":"2026-03-31","filed":"2026-05-06","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000043/0001326732-26-000043-index.html","fiscal_period":"Q1","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":"2026-01-01","tag":"NetIncomeLoss","unit":"USD","value":-128916000},{"accession":"0001326732-26-000015","concept":"net_income","end":"2025-12-31","filed":"2026-02-25","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000015/0001326732-26-000015-index.html","fiscal_period":"FY","fiscal_year":2025,"form":"10-K","namespace":"us-gaap","start":"2025-01-01","tag":"NetIncomeLoss","unit":"USD","value":-91923000},{"accession":"0001326732-25-000087","concept":"net_income","end":"2025-09-30","filed":"2025-11-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000087/0001326732-25-000087-index.html","fiscal_period":"Q3","fiscal_year":2025,"form":"10-Q","namespace":"us-gaap","start":"2025-01-01","tag":"NetIncomeLoss","unit":"USD","value":-85270000},{"accession":"0001326732-25-000087","concept":"net_income","end":"2025-09-30","filed":"2025-11-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000087/0001326732-25-000087-index.html","fiscal_period":"Q3","fiscal_year":2025,"form":"10-Q","namespace":"us-gaap","start":"2025-07-01","tag":"NetIncomeLoss","unit":"USD","value":-6027000}],"shares_outstanding":[{"accession":"0001326732-26-000056","concept":"shares_outstanding","end":"2026-06-30","filed":"2026-08-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000056/0001326732-26-000056-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CommonStockSharesOutstanding","unit":"shares","value":74329000},{"accession":"0001326732-26-000043","concept":"shares_outstanding","end":"2026-03-31","filed":"2026-05-06","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000043/0001326732-26-000043-index.html","fiscal_period":"Q1","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CommonStockSharesOutstanding","unit":"shares","value":74064000},{"accession":"0001326732-26-000056","concept":"shares_outstanding","end":"2025-12-31","filed":"2026-08-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673226000056/0001326732-26-000056-index.html","fiscal_period":"Q2","fiscal_year":2026,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CommonStockSharesOutstanding","unit":"shares","value":71872000},{"accession":"0001326732-25-000087","concept":"shares_outstanding","end":"2025-09-30","filed":"2025-11-05","filing_url":"https://www.sec.gov/Archives/edgar/data/1326732/000132673225000087/0001326732-25-000087-index.html","fiscal_period":"Q3","fiscal_year":2025,"form":"10-Q","namespace":"us-gaap","start":null,"tag":"CommonStockSharesOutstanding","unit":"shares","value":71343000}]},"detail":"latest liabilities, cash plus short-term investments, book equity, and shares are required","imputed":false,"inputs":null,"market_receipts":{"sp500_market_value_reference":{"as_of":"2026-07-31","source":"https://www.spglobal.com/spdji/en/indices/equity/sp-500/","value":67075482580000}},"model":"CHS","reason":"missing_input","stage":"raw_inputs","status":"unresolved","winsorized":false}},"schema_version":1,"status":"analyzed"}
