$XOMA
XOMA Royalty Corp

2024 Q3 Form 10-Q Financial Statement

#000155837024011980 Filed on August 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $7.197M $11.09M
YoY Change 767.11% 568.64%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $8.020M $7.404M
YoY Change 25.9% 28.16%
% of Gross Profit
Research & Development $817.0K $1.161M
YoY Change 3168.0% 2876.92%
% of Gross Profit
Depreciation & Amortization $3.000K $3.000K
YoY Change -98.64% -98.66%
% of Gross Profit
Operating Expenses $22.84M $21.17M
YoY Change 245.13% 177.94%
Operating Profit -$15.64M -$10.08M
YoY Change 170.26% 69.2%
Interest Expense -$1.706M $6.663M
YoY Change -709.29% 1096.23%
% of Operating Profit
Other Income/Expense, Net $1.890M $2.050M
YoY Change 579.86% 268.04%
Pretax Income -$17.24M $15.99M
YoY Change 212.94% -396.02%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$17.24M $15.99M
YoY Change 213.0% -396.02%
Net Earnings / Revenue -239.59% 144.19%
Basic Earnings Per Share -$1.59 $0.88
Diluted Earnings Per Share -$1.59 $0.84
COMMON SHARES
Basic Shares Outstanding 11.70M 11.64M
Diluted Shares Outstanding 11.71M 17.32M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $142.8M $144.6M
YoY Change 323.84% 355.22%
Cash & Equivalents $142.1M $143.9M
Short-Term Investments $785.0K $696.0K
Other Short-Term Assets $2.459M $2.820M
YoY Change 207.38% 252.94%
Inventory
Prepaid Expenses
Receivables $1.045M $526.0K
Other Receivables $12.68M $14.26M
Total Short-Term Assets $159.0M $162.2M
YoY Change 360.86% 322.15%
LONG-TERM ASSETS
Property, Plant & Equipment $34.00K $37.00K
YoY Change 580.0% 640.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.932M $2.022M
YoY Change 370.07% 614.49%
Total Long-Term Assets $64.32M $81.08M
YoY Change -28.21% -7.06%
TOTAL ASSETS
Total Short-Term Assets $159.0M $162.2M
Total Long-Term Assets $64.32M $81.08M
Total Assets $223.3M $243.3M
YoY Change 79.98% 93.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.131M $982.0K
YoY Change 55.36% 32.7%
Accrued Expenses $2.885M $5.290M
YoY Change 31.14% 171.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $9.826M $5.716M
YoY Change
Total Short-Term Liabilities $21.13M $18.62M
YoY Change 104.51% 162.66%
LONG-TERM LIABILITIES
Long-Term Debt $108.1M $115.1M
YoY Change
Other Long-Term Liabilities $9.308M $9.595M
YoY Change 19.33% 13.55%
Total Long-Term Liabilities $108.1M $115.1M
YoY Change 1285.76% 1261.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.13M $18.62M
Total Long-Term Liabilities $108.1M $115.1M
Total Liabilities $138.5M $143.3M
YoY Change 664.1% 822.23%
SHAREHOLDERS EQUITY
Retained Earnings -$1.233B -$1.216B
YoY Change 2.49% 1.52%
Common Stock $88.00K $87.00K
YoY Change 2.33% 1.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $84.81M $99.99M
YoY Change
Total Liabilities & Shareholders Equity $223.3M $243.3M
YoY Change 79.98% 93.6%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$17.24M $15.99M
YoY Change 213.0% -396.02%
Depreciation, Depletion And Amortization $3.000K $3.000K
YoY Change -98.64% -98.66%
Cash From Operating Activities -$8.625M $2.727M
YoY Change 310.71% -137.83%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $9.522M $5.896M
YoY Change 73.13% -231.55%
Cash From Investing Activities $9.522M $5.896M
YoY Change 73.13% -231.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.001M -1.104M
YoY Change 192.04% -5.24%
NET CHANGE
Cash From Operating Activities -8.625M 2.727M
Cash From Investing Activities 9.522M 5.896M
Cash From Financing Activities -4.001M -1.104M
Net Change In Cash -3.104M 7.519M
YoY Change -252.91% -158.49%
FREE CASH FLOW
Cash From Operating Activities -$8.625M $2.727M
Capital Expenditures $0.00 $0.00
Free Cash Flow -$8.625M $2.727M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Entity Central Index Key
EntityCentralIndexKey
0000791908
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-39801
dei Entity Registrant Name
EntityRegistrantName
XOMA Royalty Corporation
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
52-2154066
dei Entity Address Address Line1
EntityAddressAddressLine1
2200 Powell Street
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 310
dei Entity Address City Or Town
EntityAddressCityOrTown
Emeryville
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
94608
dei City Area Code
CityAreaCode
510
dei Local Phone Number
LocalPhoneNumber
204-7200
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
11704467
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
143904000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
153290000
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
160000
CY2024Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
696000
CY2023Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
161000
CY2024Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
526000
CY2023Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
1004000
CY2024Q2 xoma Rights Receivable Current
RightsReceivableCurrent
14257000
CY2023Q4 xoma Rights Receivable Current
RightsReceivableCurrent
14215000
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2820000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
483000
CY2024Q2 us-gaap Assets Current
AssetsCurrent
162203000
CY2023Q4 us-gaap Assets Current
AssetsCurrent
169313000
CY2024Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
6016000
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
6100000
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
37000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
25000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
349000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
378000
CY2024Q2 xoma Long Term Rights Receivable Non Current
LongTermRightsReceivableNonCurrent
69731000
CY2023Q4 xoma Long Term Rights Receivable Non Current
LongTermRightsReceivableNonCurrent
57952000
CY2024Q2 xoma Milestone Assets Noncurrent
MilestoneAssetsNoncurrent
2922000
CY2024Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2022000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
533000
CY2024Q2 us-gaap Assets
Assets
243280000
CY2023Q4 us-gaap Assets
Assets
234301000
CY2024Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
982000
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
653000
CY2024Q2 xoma Accrued And Other Liabilities Current
AccruedAndOtherLiabilitiesCurrent
4869000
CY2023Q4 xoma Accrued And Other Liabilities Current
AccruedAndOtherLiabilitiesCurrent
2768000
CY2024Q2 xoma Contingent Consideration Under Purchase Agreements
ContingentConsiderationUnderPurchaseAgreements
3000000
CY2023Q4 xoma Contingent Consideration Under Purchase Agreements
ContingentConsiderationUnderPurchaseAgreements
7000000
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
421000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
54000
CY2024Q2 us-gaap Deferred Income Current
DeferredIncomeCurrent
2259000
CY2023Q4 us-gaap Deferred Income Current
DeferredIncomeCurrent
2113000
CY2024Q2 xoma Accrued Preferred Stock Dividend Current
AccruedPreferredStockDividendCurrent
1368000
CY2023Q4 xoma Accrued Preferred Stock Dividend Current
AccruedPreferredStockDividendCurrent
1368000
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
5716000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5543000
CY2024Q2 us-gaap Liabilities Current
LiabilitiesCurrent
18615000
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
19499000
CY2024Q2 us-gaap Deferred Income Noncurrent
DeferredIncomeNoncurrent
5963000
CY2023Q4 us-gaap Deferred Income Noncurrent
DeferredIncomeNoncurrent
7228000
CY2024Q2 us-gaap Asset Acquisition Contingent Consideration Liability Noncurrent
AssetAcquisitionContingentConsiderationLiabilityNoncurrent
2922000
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
710000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
335000
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
115077000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
118518000
CY2024Q2 us-gaap Liabilities
Liabilities
143287000
CY2023Q4 us-gaap Liabilities
Liabilities
145580000
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.05
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.05
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0075
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0075
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
277333332
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
277333332
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11658383
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11658383
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11495492
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11495492
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
87000
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
86000
CY2024Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1315703000
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1311809000
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1215846000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1223223000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
99993000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
88721000
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
243280000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
234301000
CY2024Q2 xoma Income Not From Contract With Customer Effective Interest Rate Method And Cost Recovery Method
IncomeNotFromContractWithCustomerEffectiveInterestRateMethodAndCostRecoveryMethod
5432000
xoma Income Not From Contract With Customer Effective Interest Rate Method And Cost Recovery Method
IncomeNotFromContractWithCustomerEffectiveInterestRateMethodAndCostRecoveryMethod
5432000
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5025000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1125000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6025000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1125000
CY2024Q2 xoma Revenue Not From Contract With Customer Units Of Revenue Method
RevenueNotFromContractWithCustomerUnitsOfRevenueMethod
629000
CY2023Q2 xoma Revenue Not From Contract With Customer Units Of Revenue Method
RevenueNotFromContractWithCustomerUnitsOfRevenueMethod
533000
xoma Revenue Not From Contract With Customer Units Of Revenue Method
RevenueNotFromContractWithCustomerUnitsOfRevenueMethod
1119000
xoma Revenue Not From Contract With Customer Units Of Revenue Method
RevenueNotFromContractWithCustomerUnitsOfRevenueMethod
970000
CY2024Q2 us-gaap Revenues
Revenues
11086000
CY2023Q2 us-gaap Revenues
Revenues
1658000
us-gaap Revenues
Revenues
12576000
us-gaap Revenues
Revenues
2095000
CY2024Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1161000
CY2023Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
39000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1194000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
93000
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11004000
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5777000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19465000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11973000
CY2024Q2 xoma Impairment Of Long Term Rights Receivable Non Current
ImpairmentOfLongTermRightsReceivableNonCurrent
9000000
CY2023Q2 xoma Impairment Of Long Term Rights Receivable Non Current
ImpairmentOfLongTermRightsReceivableNonCurrent
1575000
xoma Impairment Of Long Term Rights Receivable Non Current
ImpairmentOfLongTermRightsReceivableNonCurrent
9000000
xoma Impairment Of Long Term Rights Receivable Non Current
ImpairmentOfLongTermRightsReceivableNonCurrent
1575000
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-4132000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
224000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
449000
CY2024Q2 us-gaap Operating Expenses
OperatingExpenses
21165000
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
7615000
us-gaap Operating Expenses
OperatingExpenses
29659000
us-gaap Operating Expenses
OperatingExpenses
18222000
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-10079000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-5957000
us-gaap Operating Income Loss
OperatingIncomeLoss
-17083000
us-gaap Operating Income Loss
OperatingIncomeLoss
-16127000
CY2024Q2 xoma Gain Loss On Asset Acquisition
GainLossOnAssetAcquisition
19316000
xoma Gain Loss On Asset Acquisition
GainLossOnAssetAcquisition
19316000
CY2024Q2 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
8100000
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
8100000
CY2024Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
3402000
us-gaap Interest Expense Debt
InterestExpenseDebt
6953000
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2050000
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
557000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4010000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
914000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
15985000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15985000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-5400000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5400000
us-gaap Net Income Loss
NetIncomeLoss
7390000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7390000
us-gaap Net Income Loss
NetIncomeLoss
-15213000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-15213000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10224000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6768000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3253000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-17949000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
14617000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-6768000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4654000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-17949000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.59
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.57
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.57
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11643000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11466000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11611000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11463000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17321000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11466000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17263000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11463000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
88721000
CY2024Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
622000
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
118000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2856000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
1368000
CY2024Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
13000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-8595000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
82341000
CY2024Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
250000
CY2024Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
95000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2690000
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
1368000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
15985000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
99993000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
124014000
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
123000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1570000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
1368000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-9813000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
114526000
CY2023Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
153000
CY2023Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
50000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2163000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
1368000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-5400000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
110124000
us-gaap Profit Loss
ProfitLoss
7390000
us-gaap Profit Loss
ProfitLoss
-15213000
xoma Income From Purchased Receivables Under Effective Interest Rate Method Current
IncomeFromPurchasedReceivablesUnderEffectiveInterestRateMethodCurrent
4562000
us-gaap Share Based Compensation
ShareBasedCompensation
5546000
us-gaap Share Based Compensation
ShareBasedCompensation
3733000
xoma Impairment Of Long Term Rights Receivable Non Current
ImpairmentOfLongTermRightsReceivableNonCurrent
9000000
xoma Impairment Of Long Term Rights Receivable Non Current
ImpairmentOfLongTermRightsReceivableNonCurrent
1575000
xoma Gain Loss On Asset Acquisition
GainLossOnAssetAcquisition
19316000
xoma Changes In Estimated Fair Value Of Contingent Consideration
ChangesInEstimatedFairValueOfContingentConsideration
75000
xoma Defined Contribution Plan Issuance Of Common Stock For Services Or Claims
DefinedContributionPlanIssuanceOfCommonStockForServicesOrClaims
118000
xoma Defined Contribution Plan Issuance Of Common Stock For Services Or Claims
DefinedContributionPlanIssuanceOfCommonStockForServicesOrClaims
123000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
449000
us-gaap Depreciation Nonproduction
DepreciationNonproduction
5000
us-gaap Depreciation Nonproduction
DepreciationNonproduction
2000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
508000
xoma Operating Lease Payments Non Cash
OperatingLeasePaymentsNonCash
-29000
xoma Operating Lease Payments Non Cash
OperatingLeasePaymentsNonCash
-97000
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
535000
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-15000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-478000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
900000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
603000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
97000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
921000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-769000
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-82000
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-102000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-1117000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-970000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2220000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12132000
xoma Cash Acquired From Asset Acquisition
CashAcquiredFromAssetAcquisition
18926000
xoma Payment Of Consideration Under Agreements Investing Activities
PaymentOfConsiderationUnderAgreementsInvestingActivities
37000000
xoma Payment Of Consideration Under Agreements Investing Activities
PaymentOfConsiderationUnderAgreementsInvestingActivities
14650000
xoma Receipts Under Agreements Investing Activities
ReceiptsUnderAgreementsInvestingActivities
16741000
xoma Receipts Under Agreements Investing Activities
ReceiptsUnderAgreementsInvestingActivities
2934000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1350000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11716000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3616000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
661000
us-gaap Payments Of Dividends
PaymentsOfDividends
2736000
us-gaap Payments Of Dividends
PaymentsOfDividends
2736000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2353000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
208000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1387000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6060000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2533000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9630000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-26381000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
159550000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57826000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
149920000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31445000
us-gaap Interest Paid Net
InterestPaidNet
3780000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
85000
xoma Fair Value Of Assets Acquired Milestone Asset
FairValueOfAssetsAcquiredMilestoneAsset
2922000
CY2024Q2 xoma Asset Acquisition Milestone Contingent Consideration Liability Noncurrent
AssetAcquisitionMilestoneContingentConsiderationLiabilityNoncurrent
2922000
xoma Operating Lease Right Of Use Assets Obtained In Exchange For Lease Liabilities In Acquisition
OperatingLeaseRightOfUseAssetsObtainedInExchangeForLeaseLiabilitiesInAcquisition
824000
xoma Operating Lease Fair Value Basis Reduction In Right Of Use Assets In Acquisition
OperatingLeaseFairValueBasisReductionInRightOfUseAssetsInAcquisition
824000
xoma Accrual Of Contingent Consideration Under Purchase Agreements
AccrualOfContingentConsiderationUnderPurchaseAgreements
3000000
xoma Estimated Fair Value Of Contingent Consideration Under Asset Acquisition
EstimatedFairValueOfContingentConsiderationUnderAssetAcquisition
1000000
CY2024Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1368000
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1368000
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">1. Description of Business</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">XOMA Royalty Corporation, a Delaware corporation, is a biotech royalty aggregator with a sizable portfolio of economic rights to future potential milestone and royalty payments associated with partnered commercial and pre-commercial therapeutic candidates. On July 10, 2024, the Company changed its name from XOMA Corporation to XOMA Royalty Corporation. The Company’s portfolio was built through the acquisition of rights to future milestone payments, royalties and commercial payments, since its royalty aggregator business model was implemented in 2017 combined with out-licensing its proprietary products and platforms from its legacy discovery and development business. The Company’s drug royalty aggregator business is primarily focused on early to mid-stage clinical assets in Phase 1 and 2 with significant commercial sales potential that are licensed to large-cap partners. XOMA also acquires milestone and royalty revenue streams on late-stage or commercial assets that are designed to address unmet markets or have a therapeutic advantage, have long duration of market exclusivity, and are expected to generate royalty or milestone payments to the Company in a relatively short timeframe. The Company expects most of its future revenue to be based on milestone payments the Company may receive for milestones and royalties associated with these programs. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Liquidity and Financial Condition</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company has incurred significant operating losses and negative cash flows from operations since its inception. As of June 30, 2024, the Company had cash, cash equivalents and restricted cash of $149.9 million primarily related to financing cash inflows received in December 2023 pursuant to the Blue Owl Loan Agreement (see Note 8).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Based on the Company’s current cash balance and its planned spending, such as on royalties and other acquisitions, the Company has evaluated and concluded its financial condition is sufficient to fund its planned operations and commitments and contractual obligations for a period of at least one year following the date that these condensed consolidated financial statements are issued.</p>
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
149900000
us-gaap Substantial Doubt About Going Concern Within One Year
SubstantialDoubtAboutGoingConcernWithinOneYear
false
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 18pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, income, revenue and expenses, and related disclosures. Management routinely evaluates its estimates including, but not limited to, those related to income from purchased receivables, revenue from contracts with customers, revenue recognized under the units-of-revenue method, royalty and commercial payment receivables, cash flows associated with income under the effective interest rate method, the Exarafenib milestone asset and contingent consideration, legal contingencies, contingent consideration for purchased receivables, amortization of the Blue Owl Loan, accrued expenses and stock-based compensation. The Company bases its estimates on historical experience and on various other market-specific and other relevant assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Actual results may differ significantly from these estimates, including estimates such as the Company’s income from purchased receivables, amortization of the payments received from HCRP, and amortization of the Blue Owl Loan. Estimates related to income from purchased receivables is based on the best information available to the Company from its partners or other third parties and changes in expected cash flows for royalty and commercial receivables under the effective interest rate method. Any changes to the estimated payments made by partners can result in a material adjustment to income reported. Under the contracts with HCRP, the amortization for the reporting period is calculated based on the payments expected to be made by the licensees to HCRP over the term of the arrangement. Any changes to the estimated payments by the licensees to HCRP can result in a material adjustment to revenue previously reported. The Company’s amortization of the Blue Owl Loan is calculated based on the commercial payments expected to be received from Roche for VABYSMO under the Affitech CPPA. Any changes to the estimated commercial payments from Roche can result in a material adjustment to the interest expense and term loan balance reported. </p>
CY2024Q2 us-gaap Cash
Cash
15027000
CY2023Q4 us-gaap Cash
Cash
124938000
CY2024Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
128877000
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
28352000
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
143904000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
153290000
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
160000
CY2024Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
6016000
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
6100000
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
6016000
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
6260000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
149920000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
159550000
CY2024Q2 xoma Purchased Receivables Cost Recovery Method Net Current
PurchasedReceivablesCostRecoveryMethodNetCurrent
400000
CY2023Q4 xoma Purchased Receivables Cost Recovery Method Net Current
PurchasedReceivablesCostRecoveryMethodNetCurrent
0
CY2024Q2 xoma Purchased Receivables Effective Interest Rate Method Net Current
PurchasedReceivablesEffectiveInterestRateMethodNetCurrent
12400000
CY2023Q4 xoma Purchased Receivables Effective Interest Rate Method Net Current
PurchasedReceivablesEffectiveInterestRateMethodNetCurrent
0
CY2024Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2024Q2 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
0
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 18pt;">Concentration of Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Cash, cash equivalents, restricted cash and receivables are financial instruments which potentially subject the Company to concentrations of credit risk, as well as liquidity risk. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company maintains cash balances at commercial banks. Balances commonly exceed the amount insured by the FDIC. The Company has not experienced any losses in such accounts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company monitors the creditworthiness of its customers to which it grants credit terms in the normal course of business but does not generally require collateral on receivables. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">For the three months ended June 30, 2024, two partners represented 45% and 41% of total income and revenues, respectively. For the six months ended June 30, 2024, two partners represented 40% and 36% of total income and revenues, respectively. For the three months ended June 30, 2023, two partners represented 66% and 32% of total income and revenues, respectively. For the six months ended June 30, 2023, two partners represented 53% and 46% of total income and revenues, respectively. One partner represented 70% of the trade and other receivables, net as of June 30, 2024. One partner represented 100% of the trade and other receivables, net as of December 31, 2023.</p>
CY2024Q2 us-gaap Interest Payable Current
InterestPayableCurrent
3120000
CY2024Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
786000
CY2023Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1203000
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
483000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
625000
CY2024Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
357000
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
791000
CY2024Q2 xoma Accrued Salaries And Employee Benefits Current
AccruedSalariesAndEmployeeBenefitsCurrent
123000
CY2023Q4 xoma Accrued Salaries And Employee Benefits Current
AccruedSalariesAndEmployeeBenefitsCurrent
149000
CY2024Q2 xoma Accrued And Other Liabilities Current
AccruedAndOtherLiabilitiesCurrent
4869000
CY2023Q4 xoma Accrued And Other Liabilities Current
AccruedAndOtherLiabilitiesCurrent
2768000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
15985000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-5400000
us-gaap Net Income Loss
NetIncomeLoss
7390000
us-gaap Net Income Loss
NetIncomeLoss
-15213000
CY2024Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
4393000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1401000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10224000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6768000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3253000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-17949000
CY2024Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-4393000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-1401000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
14617000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-6768000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4654000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-17949000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11643000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11466000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11611000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11463000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
5003000
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
5003000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
673000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
647000
CY2024Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
2000
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
2000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17321000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11466000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17263000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11463000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.59
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.57
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.57
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1227000
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6728000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1431000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6643000
CY2024Q2 us-gaap Deferred Income Current
DeferredIncomeCurrent
2300000
CY2024Q2 us-gaap Deferred Income Noncurrent
DeferredIncomeNoncurrent
6000000.0
CY2024Q2 xoma Rights Receivable Current
RightsReceivableCurrent
14300000
CY2023Q4 xoma Rights Receivable Current
RightsReceivableCurrent
14200000
CY2024Q2 xoma Long Term Rights Receivable Non Current
LongTermRightsReceivableNonCurrent
69700000
CY2023Q4 xoma Long Term Rights Receivable Non Current
LongTermRightsReceivableNonCurrent
58000000.0
CY2023Q4 xoma Rights Receivable Current
RightsReceivableCurrent
14215000
CY2023Q4 xoma Long Term Rights Receivable Non Current
LongTermRightsReceivableNonCurrent
57952000
CY2024Q2 xoma Rights Receivable Current
RightsReceivableCurrent
14257000
CY2024Q2 xoma Long Term Rights Receivable Non Current
LongTermRightsReceivableNonCurrent
69731000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
400000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
400000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
241000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
502000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
300000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
91000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
102000
CY2024Q2 xoma Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
36000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1272000
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
141000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1131000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1100000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
400000
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
400000
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
700000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
100000
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
300000
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
38000
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
51000
us-gaap Operating Lease Cost
OperatingLeaseCost
60000
us-gaap Operating Lease Cost
OperatingLeaseCost
99000
CY2024Q2 xoma Variable Lease Cost Net
VariableLeaseCostNet
20000
CY2023Q2 xoma Variable Lease Cost Net
VariableLeaseCostNet
7000
xoma Variable Lease Cost Net
VariableLeaseCostNet
18000
xoma Variable Lease Cost Net
VariableLeaseCostNet
12000
CY2024Q2 us-gaap Lease Cost
LeaseCost
58000
CY2023Q2 us-gaap Lease Cost
LeaseCost
58000
us-gaap Lease Cost
LeaseCost
78000
us-gaap Lease Cost
LeaseCost
111000
us-gaap Operating Lease Payments
OperatingLeasePayments
45000
us-gaap Operating Lease Payments
OperatingLeasePayments
104000
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M29D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0817
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0850
us-gaap Sublease Income
SubleaseIncome
67000
CY2024Q2 us-gaap Sublease Income
SubleaseIncome
67000
CY2024Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
131177
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
131177
CY2024Q2 xoma Contractual Obligation Estimated Milestone Payments
ContractualObligationEstimatedMilestonePayments
6300000
CY2024Q2 xoma Contractual Obligation Estimated Milestone Payments Number Of Products
ContractualObligationEstimatedMilestonePaymentsNumberOfProducts
1
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2730068
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.88
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M14D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
10638000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
34170
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
24.71
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
149759
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.82
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
32376
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
160.48
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2582103
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.06
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y29D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
16980000
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2065010
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
19.09
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y5M23D
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
15685000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2600000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
18000
CY2024Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000.0
CY2024Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
660
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
13000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5900000
CY2024Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0
CY2024Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
0
CY2024Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001558370-24-011980-index-headers.html Edgar Link pending
0001558370-24-011980-index.html Edgar Link pending
0001558370-24-011980.txt Edgar Link pending
0001558370-24-011980-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
xoma-20240630.xsd Edgar Link pending
xoma-20240630x10q.htm Edgar Link pending
xoma-20240630xex10d1.htm Edgar Link pending
xoma-20240630xex10d1001.jpg Edgar Link pending
xoma-20240630xex10d1002.jpg Edgar Link pending
xoma-20240630xex10d2.htm Edgar Link pending
xoma-20240630xex10d2001.jpg Edgar Link pending
xoma-20240630xex10d2002.jpg Edgar Link pending
xoma-20240630xex10d3.htm Edgar Link pending
xoma-20240630xex31d1.htm Edgar Link pending
xoma-20240630xex31d2.htm Edgar Link pending
xoma-20240630xex32d1.htm Edgar Link pending
xoma-20240630_cal.xml Edgar Link unprocessable
xoma-20240630_def.xml Edgar Link unprocessable
xoma-20240630_lab.xml Edgar Link unprocessable
xoma-20240630_pre.xml Edgar Link unprocessable
xoma-20240630x10q_htm.xml Edgar Link completed