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XOMA Royalty Corp

XOMA

Healthcare · 40.32 -8.7% today

Isolated · not yet confirmedMarket checked 13 Jul, 15:55 GMT-4

Market read

XOMA Royalty Corp's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 70 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Company-8.7% todayVolume comparison unavailable
Market group0 of 70 activeIndustrial Metals & Mining · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
  • XOMA's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if XOMA's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Biotechnology

No new filing conclusion is available. 0 of 70 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • XOMA's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations285
Usable filing statements77
Verified relationships9
Evidence supporting the case
  • Latest annual revenue changed +55.6% year over year.
  • Operating margin changed +711.1 percentage points in the latest annual period.
  • Net margin changed +514.2 percentage points in the latest annual period.
Evidence challenging the case
  • Operating cash flow was only 0.09x net income in the latest annual period.
Questions before a position
  • EV/sales is 837% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Jul 13, 2026

40.17
6m+34.3%12m+44.0%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$36.5M+30.7%$0.65+6.0%
2022-12-31$4.2M-88.6%$-1.98
2023-12-31$2.6M-36.1%$-4.04
2024-12-31$6.7M+150.9%$-1.65+2.0%
2025-12-31$10.3M+55.6%$1.46

What management says matters

Persistent and emerging business drivers

Product pipeline and R&Dmixed · 3 filings
The increase in deferred tax assets during the year ended December 31, 2025 was primarily attributable to capitalized research and development expenditures, including amounts arising from business acquisitions.
10-K · Mar 18, 2026
Legal and regulatory exposuremixed · 1 filings
59 Table of Contents The increase of $3.7 million for the three months ended March 31, 2026, as compared to the same period in 2025, was primarily due to increases in salaries and related expenses of $0.9 million, lease expense of $0.6 million, tax services o…
10-Q · May 12, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 69.8× · EV/sales 71.1×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

40.32-8.7% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 13 Jul, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for XOMA. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for XOMA. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind XOMA

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

TAKTakeda Pharmaceutical Company LimitedpartnerMay 12, 2026

In 2006, we collaborated with Takeda to discover and develop antibodies, leading to the joint development of mezagitamab (TAK-079), which leveraged BioInvent's patents and know-how under the BioInvent License Agreement.

RZLTRezolute, Inc.investeeMar 18, 2026

Portfolio Updates Rezolute License Agreement In May 2025, Rezolute dosed the last patient in its first Phase 3 trial of ersodetug (RZ358), and we earned a $5.0 million milestone payment pursuant to our Rezolute License Agreement.

Depended on by

TWSTTwist Bioscience CorporationinvesteeNov 17, 2025

Under the Royalty Purchase Agreement, XOMA Royalty provided Twist Bioscience an upfront payment of $15.0 million in cash in exchange for the right to receive half of the future potential milestone and royalty payments resulting from certain antibody discovery…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

XOMA is currently a Follower in the organic co-movement group Industrial Metals & Mining. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for XOMA; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.