XBiotech Inc.
Business
XBiotech Inc. is a biopharmaceutical company that discovers and develops True Human™ monoclonal antibodies derived from natural human immune responses for treating inflammatory, infectious, and oncologic diseases. The company's pipeline includes anti-interleukin-1 alpha (IL-1a) therapies in clinical development for oncology, rheumatology, and neurology, along with infectious-disease candidates targeting MRSA, C. difficile, shingles, and influenza. XBiotech operates an integrated research, manufacturing, and clinical development center in Austin, Texas, and previously generated revenue through contract manufacturing and clinical trial services.
Summary from 10-K filed 2026-03-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Research and development | 47 | 38 | 33 | 32 | 28 | |
| General and administrative | 8 | 5 | 5 | 6 | 9 | |
| Total operating expenses | — | 42 | 38 | 38 | 38 | |
| Loss from operations | −56 | −42 | −38 | −34 | −25 | |
| Interest income | 6 | 10 | 10 | 4 | 467,000 | |
| Interest expense | −88,000 | −807,000 | 0 | — | — | |
| Other expense | 1 | 432,000 | 883,000 | −121,000 | −132,000 | |
| Foreign exchange gain (loss) | 3 | −6 | 2 | −3 | −711,000 | |
| Total other income | 10 | 4 | 13 | 902,000 | −376,000 | |
| Income before income taxes | −45 | −39 | −24 | −34 | −25 | |
| Income tax (expense) benefit | −235,000 | 32,000 | −244,000 | 688,000 | 8 | |
| Net loss | −46 | −39 | −25 | −33 | −17 | |
| Net loss per sharebasic and diluted (in dollars per share) | −1.49 | −1.26 | −0.81 | −1.08 | −0.58 | |
| Shares used to compute basic and diluted net loss per share (in shares) | 30 | 30 | 30 | 30 | 30 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 126 | 173 | 200 | 157 | 237 | |
| Accrued interest receivable | 360,000 | 700,000 | 860,000 | 1 | 0 | |
| Income tax receivable | 0 | 158,000 | 75,000 | 548,000 | 9 | |
| Prepaid expenses and other current assets | 1 | 1 | 760,000 | 601,000 | 934,000 | |
| Total current assets | 127 | 175 | 202 | 220 | 247 | |
| Property and equipment, net | 23 | 25 | 25 | 26 | 28 | |
| Total assets | 150 | 199 | 227 | 246 | 275 | |
| Accounts payable | 2 | 2 | 3 | 2 | 2 | |
| Accrued expenses | 6 | 3 | 4 | 2 | 1 | |
| Income tax payable | 76,000 | 0 | 83,000 | 55,000 | 10,000 | |
| Total current liabilities | 8 | 15 | 6 | 4 | 3 | |
| Income tax payable | 2 | 2 | 2 | 2 | 1 | |
| Deferred tax liability | 5,000 | 0 | 0 | 59,000 | 873,000 | |
| Total liabilities | 10 | 17 | 8 | 6 | 6 | |
| Preferred stock, no par value, unlimited shares authorized, no shares outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, no par value, unlimited shares authorized, 30,487,731 share issued and outstanding at December 31, 2025 and December 31, 2024 | 277 | 273 | 271 | 267 | 262 | |
| Accumulated deficit | −136 | −91 | −52 | −28 | 5 | |
| Total shareholders equity | 140 | 182 | 219 | 240 | 269 | |
| Total liabilities and shareholders equity | 150 | 199 | 227 | 246 | 275 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 2 | 2 | 2 | 3 | 3 | |
| Deferred tax liability | 5,000 | 0 | −59,000 | −815,000 | 873,000 | |
| Foreign exchange loss | −3 | 6 | −2 | 3 | 0 | |
| Share-based compensation expense | 4 | 2 | 3 | 5 | 4 | |
| Income tax receivable | 234,000 | −83,000 | 473,000 | 9 | −2 | |
| Accrued interest receivable | 340,000 | 160,000 | 356,000 | −1 | 0 | |
| Prepaid expenses and other current assets | −10,000 | −271,000 | −160,000 | 334,000 | −352,000 | |
| Accounts payable | −688,000 | −364,000 | 91,000 | 357,000 | −514,000 | |
| Accrued expenses | 4 | −877,000 | 2 | 229,000 | 23,000 | |
| Long term income tax payable | 78,000 | −24,000 | 123,000 | 155,000 | 212,000 | |
| Net cash used in operating activities | −40 | −31 | −19 | −15 | 69 | |
| Purchase of property and equipment | −289,000 | −1 | −362,000 | −585,000 | −4 | |
| Net cash used in investing activities | −289,000 | −1 | 61 | −64 | −4 | |
| Issuance of common stock under stock option plan | — | 200,000 | 5,000 | 0 | 8 | |
| Net cash (used in) provided by financing activities | −10 | 10 | −9,000 | 0 | −67 | |
| Effect of foreign exchange rate on cash and cash equivalents | 3 | −6 | −46,000 | −961,000 | 705,000 | |
| Net change in cash and cash equivalents | −47 | −27 | 43 | −80 | −383,000 | |
| Accrued purchases of property and equipment | 0 | 70,000 | 19,000 | 18,000 | 93,000 | |
| Cash paid for interest | 486,000 | 400,000 | 0 | — | — | |
| Cash paid (refunded) for income taxes | −81,000 | 87,000 | 141,000 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is XBiotech Inc.'s CIK number?
XBiotech Inc.'s SEC CIK number is 0001626878 (1626878). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find XBiotech Inc.'s SEC filings?
All of XBiotech Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.