$3.45
+4.9%Agenus Inc., a clinical-stage immuno-oncology company, discovers and develops immuno-oncology products in the United States and internationally. The company offers Retrocyte Display, an antibody expression platform for the identification of fully human and humanized monoclonal antibodies; and display technologies. It develops vaccine programs comprising Prophage vaccine candidate; and QS-21 Stimulon adjuvant, a saponin-based vaccine adjuvant. The company also develops Balstilimab, an anti-PD-1 antagonist that has completed Phase II clinical trial to treat second line cervical cancer; AGEN1181, an anti-CTLA-4 monospecific antibody that is in Phase 1/2 clinical trial; AGEN2373, an anti-CD137 monospecific antibody that is in Phase 1 clinical trial; AGEN1423, a tumor microenvironment conditioning anti-CD73/TGFร TRAP bi-functional antibody that has completed Phase 1 clinical trial; AGEN1777, an anti-TIGIT bispecific antibodies; and AGEN1327, a human monoclonal antibody. In addition, the company develops INCAGN1876, an anti-GITR monospecific antibody; INCAGN1949, an anti-OX40 monospecific antibody; INCAGN2390, an anti-TIM-3 monospecific antibody; INCAGN2385, an anti-LAG-3 monospecific antibody; MK-4830, a monospecific antibody targeting ILT4; AGENT 797, an iNKT cells that is in Phase 1 clinical trial for solid tumors, multiple myeloma, and viral ARDS, as well as in clinical stage to treat hematological malignancies and multiple myeloma/B cells; and AGEN1884, a first-generation anti-CTLA-4 monospecific antibody. Agenus Inc. operates under ASV, Agenus, AutoSynVax, EVAMPLIX, MiNK, PSV, PhosPhoSynVax, Prophage, Retrocyte Display, and Stimulon trademarks. It has collaborations with Incyte Corporation, Merck Sharpe & Dohme, Recepta Biopharma SA, and Gilead Sciences, Inc. The company was formerly known as Antigenics Inc. and changed its name to Agenus Inc. in January 2011. Agenus Inc. was founded in 1994 and is headquartered in Lexington, Massachusetts.
Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Flat FCF growth. Stable but not expandingโmonitor for signs of business maturity or temporary headwinds.
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
AGEN โข NASDAQ
| Agenus Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
-232.3M | -232.3M | -257.4M | -230.7M | -28.7M | -182.9M | -111.6M | -162M | -120.7M | -127M | -87.9M | -42.5M | -30.1M | -11.3M | -23.3M | -21.9M | -30.3M | -28.7M | -36.8M | -51.9M | |
13.3M | 13.3M | 13.6M | 6.9M | 6.8M | 7.2M | 6.7M | 6.3M | 6M | 4.9M | 14.2M | 1.6M | 586.3K | 1.6M | 2.3M | 3.4M | 4.1M | 4.7M | 5.4M | 5.7M | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 58K | 10.9M | 23.6K | 14.7K | -5.4M | 4.6K | 2.7M | 11K | 23.3M | -2M | -2.3M | -13.2M | 0.0 | 0.0 | |
17.4M | 17.4M | 22.9M | 18.3M | 19.6M | 10.4M | 9.9M | 7.6M | 12.4M | 13.2M | 7.4M | 4.7M | 4.1M | 4.3M | 2.6M | 3.2M | 3.1M | 5.6M | 0.0 | 0.0 | |
15.9M | 10.6M | -14M | 5.9M | 22.2M | 17.2M | 17.6M | 6M | 14.5M | 18.5M | 17.8M | 4M | 1.8M | 3.1M | -19.1M | 2.1M | 4M | 2.2M | 5.1M | 4.9M | |
27.3M | 32.6M | 10.8M | 24.1M | -9.7M | 9M | 58.7M | 170.1K | -6.5M | 10.4M | 6.6M | -6M | 1.3M | 3.3M | -2.1M | 386.7K | -2.8M | 535.8K | -444.2K | -3.6M | |
-158.3M | -158.3M | -224.2M | -175.4M | 10.1M | -139.1M | -18.7M | -131.1M | -94.2M | -80M | -47.2M | -38.2M | -19.5M | 1M | -16.2M | -14.8M | -24.2M | -28.9M | -26.7M | -44.9M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-576K | -576K | -10M | -53.1M | -33.8M | -3.5M | -4.7M | -3.6M | -3.1M | -12.5M | -3.6M | -2.8M | -813.5K | -103.4K | -54.5K | -130.4K | -243.9K | -206K | -11.2K | -329.9K | |
(0.0) | (0.0) | (0.0) | -2.9M | (0.0) | -975K | (0.0) | (6.2K) | (120K) | (0.0) | -7.2M | (514.5K) | (0.0) | (0.0) | (0.0) | (0.0) | (53.6K) | (0.0) | (0.0) | (33.3K) | |
(0.0) | (0.0) | -20M | -24.6M | -15M | (0.0) | (0.0) | (0.0) | -14.9M | -54.9M | -35M | -14.5M | (0.0) | (0.0) | -5M | -30M | -30M | -29.9M | -11.2M | -8.4M | |
579K | 579K | 30M | 25M | 0.0 | 0.0 | 0.0 | 0.0 | 20M | 85M | 14.5M | 0.0 | 450K | 0.0 | 5M | 40M | 30M | 24.1M | 24.4M | 21.1M | |
24K | 24K | 3.4M | 22M | 5.7M | 0.0 | 0.0 | 6.2K | 120K | 30.1M | -20.5M | -14.5M | 450K | 0.0 | 23.9K | 50.3K | 2.3M | 2M | 0.0 | 3M | |
(27K) | (27K) | (3.4M) | -33.6M | -43.2M | -4.4M | -4.7M | -3.6M | (2.1M) | (17.6M) | -31.2M | -16.8M | -363.5K | -103.4K | -29.5K | (9.9M) | (2.2M) | -4M | (13.2M) | (15.4M) | |
FINANCING ACTIVITIES | ||||||||||||||||||||
36.2M | 38.8M | 128M | 95.4M | 219M | 176.4M | 30M | 44.9M | 65M | 1.5M | 109.7M | 56.8M | 26.5M | 10.5M | 8M | 11.5M | 18.5M | 46.6M | 65.8K | 469.3K | |
2.3M | 9.5M | -8.9M | -490K | -1.3M | 3M | -320K | -162.1M | 14.5M | -144.7K | 107.9M | -3.4M | -608.9K | -100K | 0.0 | -6.2M | -255K | -2.9M | 0.0 | 21M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -461K | (0.0) | -592.9K | -790.5K | -790.5K | -790.5K | -790.5K | -790.5K | -790.5K | |
-87K | (0.0) | -5.2M | -3.8M | -1.7M | (0.0) | (0.0) | (0.0) | -527K | -667.1K | (0.0) | (0.0) | (0.0) | -592.9K | (0.0) | (0.0) | -54.9K | -257.7K | -12.2K | (0.0) | |
84.3M | 74.5M | 807K | 898K | 7.6M | 4.5M | 1.6M | 204.4M | 775.0 | -3.8M | -28M | 56.6M | -73.8K | 632.7K | 54.5K | 49.3K | 141.3K | 46.6K | 4.5M | -101K | |
122.8M | 122.8M | 119.9M | 95.8M | 225.3M | 183.9M | 31.3M | 128.3M | 80.5M | -2.5M | 189.6M | 52.8M | 25.8M | 9.8M | 7.2M | 4.5M | 17.6M | 42.9M | 3.8M | 20.6M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
-260K | -260K | -628K | -104K | -164K | 379K | 770K | -732.6K | 361.9K | -429.2K | -183.9K | 599.5K | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
-35.7M | -35.7M | -101.6M | -113.3M | 192.1M | 40.7M | 8.8M | -7.1M | -11.3M | -65.3M | 111M | -1.6M | 5.9M | 10.7M | -9M | -284.8K | -4.4M | 10M | -9.7M | -9M | |
79.8M | 79.8M | 181.3M | 294.6M | 102.5M | 61.8M | 53.1M | 60.2M | 71.4M | 136.7M | 25.7M | 27.4M | 21.5M | 10.7M | 19.8M | 20.1M | 24.5M | 14.5M | 24.2M | 33.2M | |
44.1M | 44.1M | 79.8M | 181.3M | 294.6M | 102.5M | 61.8M | 53.1M | 60.2M | 71.4M | 136.7M | 25.7M | 27.4M | 21.5M | 10.7M | 19.8M | 20.1M | 24.5M | 14.5M | 24.2M | |
-158.9M | -158.9M | -234.2M | -228.4M | -23.7M | -142.6M | -23.3M | -134.7M | -97.3M | -92.5M | -50.8M | -41.1M | -20.3M | 909.2K | -16.3M | -14.9M | -24.4M | -29.1M | -26.7M | -45.3M |
AGEN - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 15, 2026 | May 12, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 11, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 11, 2026 | May 11, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 30, 2026 | April 30, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 26, 2026 | March 24, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 16, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 16, 2026 | March 16, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 16, 2026 | January 15, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 14, 2026 | January 08, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 08, 2026 | January 03, 2026 | 2026 |
Continue your AGEN research with focused valuation guides.
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.