Xeris Biopharma Holdings, Inc. (XERS) AI Stock Analysis

NASDAQ: XERSAI research summary: business, growth, valuation, analysts, bull and bear case.

XERS AI stock analysis summary

AI Research

Xeris Biopharma Holdings, Inc. is a commercial-stage biopharmaceutical company focused on endocrinology, neurology, and gastroenterology therapies including Gvoke, Keveyis, and Recorlev. Revenue expanded 43.7% in FY2025 to $291.8M as the company generated positive annual free cash flow of $27.9M. However, balance sheet leverage remains elevated, with net debt at $167.7M and negative shareholders' equity of -$9.7M.

Market cap
$1.88B
Revenue (TTM)
$335.4M
P/E
—
fwd 36.9x
1Y return
12.8%
S&P 500 16.8%
Avg. target
$12.86
24.7% vs last close

Bull case

  • Revenue reached $291.8M in FY2025 with gross margins standing at 81.7%.
  • Cash flow generation improved as the company achieved $27.9M in free cash flow in FY2025.
  • Consensus analyst targets project revenue to reach $480.0M with positive EPS of $0.37 for the next fiscal year.

Bear case

  • The balance sheet carries $289.4M in total debt against negative shareholders' equity of -$9.7M.
  • Valuation is elevated against the sector, with an EV-to-EBITDA of 73.1x compared to the US-listed Healthcare median of 12.0x.
  • Trailing twelve months net margin remained negative at -5.1% with an EPS of -$0.10.

What Xeris Biopharma does

Xeris Biopharma Holdings, Inc. develops and commercializes therapies across endocrinology, neurology, and gastroenterology. Its commercial portfolio features Gvoke, a ready-to-use liquid glucagon for the rapid treatment of severe hypoglycemia; Keveyis, indicated for primary periodic paralysis; and Recorlev, a cortisol synthesis inhibitor for endogenous hypercortisolemia in adult patients with Cushing's syndrome. The company utilizes proprietary formulation technology platforms, XeriSol and XeriJect, to advance development programs that expand its products into new indications. Founded in 2005 and based in Chicago, Illinois, Xeris employs 435 people and pursues treatments for complex medical conditions through proprietary science and strategic partnerships.

Growth and profitability

Annual revenue grew from $49.6M in FY2021 to $291.8M in FY2025, representing a 5-year revenue CAGR of 154.7% from FY2020 to FY2025. Gross margin expanded from 73.1% in FY2021 to 81.7% in FY2025. Operating margin turned positive in FY2025 at 8.5%, compared to -232.2% in FY2021, and net income reached $554,000 following a loss of -$54.8M in FY2024. Over the trailing twelve months ending June 30, 2026, revenue stood at $335.4M, with quarterly revenue growing 28.7% year-over-year. Operating margin for the trailing twelve months was 5.6%, while net margin was -5.1% with an EPS of -$0.10.

XERS income statement →

Balance sheet and cash flow

As of June 30, 2026, Xeris held $121.7M in cash and short-term investments against total debt of $289.4M, leaving net debt of $167.7M. Total assets were $411.9M and the current ratio was 1.45. Shareholders' equity was negative at -$9.7M. In FY2025, operating cash flow turned positive to $28.6M. Capital expenditures totaled $696,000, yielding free cash flow of $27.9M. Xeris directed $10.9M to share buybacks in FY2025, while its share count grew 41.7% over the past 5 years.

XERS balance sheet →

Valuation and performance

Xeris carries a market capitalization of $1.88B and an enterprise value of $1.75B. The stock trades at a forward P/E of 36.9x, an EV-to-EBITDA of 73.1x, and a price-to-sales ratio of 5.6x. These metrics sit above the median of its US-listed Healthcare peers, which reflect a forward P/E of 17.3x, an EV-to-EBITDA of 12.0x, and a price-to-sales ratio of 4.1x. Over the past year, the stock returned 12.8% compared to 16.8% for the S&P 500 (SPY). Over a 5-year period, the stock gained 415.5% versus 83.0% for the index.

XERS key metrics →

What analysts expect

Wall Street analyst coverage includes 5 Strong Buy, 1 Buy, and 1 Hold recommendations, with zero Sell ratings. The mean price target is $12.86, representing a 24.7% premium over the last close of $10.31. For the current fiscal year ending December 31, 2026, consensus estimates project an EPS of -$0.02 on revenue of $387.9M. For the next fiscal year, 3 analysts project revenue of $480.0M and EPS of $0.37. Xeris beat EPS estimates in 2 of the last 4 quarters. The next earnings date is November 5, 2026.

XERS forecast and price target →

Key risks and what to watch

  • Total debt of $289.4M creates debt servicing commitments against $121.7M in cash and short-term investments.
  • The company has negative shareholders' equity of -$9.7M as of June 30, 2026.
  • Execution risk persists around meeting analyst projections of $387.9M in revenue for FY2026 after posting EPS beats in only 2 of the last 4 quarters.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this XERS AI stock analysis

This page is an AI-written research summary of Xeris Biopharma Holdings, Inc. (XERS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: XERS income statement, XERS balance sheet, XERS key metrics, XERS analyst forecast, XERS chart. See the XERS stock overview for the latest quote and news.

XERS AI stock analysis FAQ

What products does Xeris Biopharma commercialize?

Xeris Biopharma markets Gvoke for severe hypoglycemia, Keveyis for primary periodic paralysis, and Recorlev for Cushing's syndrome, utilizing its XeriSol and XeriJect formulation technology platforms.

Is Xeris Biopharma profitable?

Xeris recorded a small net profit of $554,000 in FY2025, but posted a trailing twelve-month net loss with an EPS of -$0.10 and a profit margin of -5.1%.

What is Xeris Biopharma's debt and cash position?

As of June 30, 2026, Xeris held $121.7M in cash and short-term investments alongside $289.4M in total debt, resulting in net debt of $167.7M.

Does Xeris Biopharma pay a dividend?

Xeris Biopharma does not pay a dividend. In FY2025, capital allocation included $696,000 for capital expenditures and $10.9M used for share buybacks.

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