EXAGEN INC. — Form 10-Q
Filed August 4, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Exagen Inc. executed a lease with LOA 26 LP for approximately 28,094 rentable square feet on the third floor of 2175 Salk Avenue, Carlsbad, California (Suite 300-315). The lease is effective July 6, 2026, with commencement May 1, 2027, and expiration July 31, 2030. Base rent amounts are redacted ([***]). The lease includes standard commercial provisions: tenant pays proportional shares of taxes and operating expenses, maintains $1M–$5M insurance coverage, has one 3-year extension option at fair market rent, and a one-time janitorial self-service option (rent adjustment redacted). Premises acceptance, security deposit, and specific rent schedules remain redacted in the filing.
Why this rating
Routine facility lease renewal—ordinary real estate transaction for ~$153.6M-market-cap company; no material financial terms disclosed; standard corporate housekeeping.
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