Agenus Inc.

Agenus Inc.

AGEN·NASDAQ

$3.22

-1.9%
HealthcareBiotechnology

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/TGFß 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.

At a Glance

Live Snapshot
Market Cap$134.09M
EPS-0.0034
P/E Ratio-947.06
Earnings Date08/10/2026
3Y+16.0%
5Y+30.0%
10Y+406.0%
3Y-100.0%
5Y-100.0%
10Y-100.0%
3Y-10.0%
5Y+14.0%
10Y+98.0%
Agenus Inc.

Agenus Inc. Profit Bridge

AGEN · NASDAQ
Revenue114.20M
Cost of Goods Sold (11.02M)
Gross Profit103.17M
Operating Expenses (123.73M)
Operating Income-20.56M
Interest Expense (55.62M)
Other Income/Expense17.47M
Pretax Income-3.08M
Income Tax (0.00)
Net Income115.00K
Net Income
115.00K

Profitability Analysis

Gross Margin

90.3%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-18.0%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

0.1%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

Agenus Inc. Income Statement

AGEN • NASDAQ

Agenus Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
114.2M
103.5M
156.3M
98M
295.7M
88.2M
150M
36.8M
42.9M
22.6M
24.8M
7M
3M
16M
2.8M
3.4M
3.3M
2.7M
5.6M
692.1K
GROSS PROFIT
(11M)
(156M)
(237.7M)
(197.3M)
(182.1M)
(145M)
(168.3M)
(124.6M)
(116.1M)
(95M)
(70.4M)
(22.3M)
(13.5M)
(11.2M)
(0.0)
(122.9K)
(0.0)
(0.0)
(0.0)
(0.0)
103.2M
-52.6M
-81.4M
-99.2M
113.6M
-56.8M
-18.3M
-87.8M
-73.2M
-72.4M
-45.6M
-15.4M
-10.5M
4.7M
2.8M
3.2M
3.3M
2.7M
5.6M
692.1K
OPERATING INCOME
(123.7M)
(67.9M)
(78.2M)
(80.2M)
(87.8M)
(60.4M)
(46M)
(37.3M)
(33.7M)
(33.1M)
(28.4M)
(21.3M)
(14.5M)
(11.5M)
(21.8M)
(25M)
(31M)
(40.5M)
(38.8M)
(49.9M)
(44.4M)
(71.9M)
(78.7M)
(81M)
(76.4M)
(59.2M)
(46M)
(37.3M)
(33.7M)
(33.1M)
(28.4M)
(21.3M)
(14.5M)
(11.5M)
(10.8M)
(12.1M)
(14.1M)
(19.8M)
(17M)
(21.3M)
(79.3M)
(155.5M)
(234.6M)
(0.0)
(178.6M)
(142.6M)
(168.3M)
(124.6M)
(116.1M)
(95M)
(70.4M)
(22.3M)
(13M)
(10.6M)
(11M)
(12.9M)
(16.9M)
(20.7M)
(21.8M)
(28.6M)
-20.6M
-120.5M
-159.5M
-179.4M
25.7M
-117.2M
-70.1M
-123.8M
-103.8M
-107.5M
-80.7M
-43.3M
-25M
-6.7M
-19.1M
-21.8M
-27.7M
-37.8M
-33.3M
-50.6M
PRE-TAX INCOME
(55.6M)
(117.6M)
(97.9M)
(61.9M)
(65.7M)
(61.1M)
(41.5M)
(25.3M)
(18.9M)
(17.3M)
(6.6M)
(1.3M)
(2.4M)
(4.7M)
(4.2M)
(4.9M)
(5.3M)
(5.1M)
(5M)
(3.3M)
-55.3M
-117.6M
-97.9M
-61.9M
-65.7M
-61.1M
-41.5M
-25.3M
-18.9M
-17.3M
-6.6M
-1.3M
-2.4M
-4.7M
-4.2M
-4.8M
-5.2M
-5.3M
-5M
-1.4M
(0.0)
-159.5M
-235.1M
-815K
-167.1M
-141.4M
-168.3M
-2.2M
-16.9M
-19.5M
-7.2M
(835K)
-5.1M
-4.6M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
17.5M
-111.8M
-97.9M
-51.2M
-54.5M
-65.7M
-41.4M
-38.2M
-16.9M
-19.5M
-12.6M
834.7K
-5.1M
-4.6M
-4.2M
-153.8K
-2.8M
7M
-3.5M
-1.3M
-3.1M
-232.3M
-257.4M
-230.7M
-28.7M
-182.9M
-111.6M
-162M
-120.7M
-127M
-87.9M
-42.5M
-30.1M
-11.3M
-24.1M
-22.7M
-31.6M
-29.5M
-52.7M
-52.7M
NET INCOME
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(37.6M)
-12.9M
(0.0)
-3M
-5.4M
(5.1M)
-586.3K
-1.6M
(4.2M)
(153.8K)
-1.5M
-9.1M
(3.5M)
(2.6M)
115K
-227.2M
-245.8M
-220.1M
-23.9M
-180.9M
-111.6M
-159.7M
-120.7M
-127M
-87.9M
-42.5M
-30.1M
-11.3M
-23.3M
-21.9M
-30.3M
-28.7M
-36.8M
-51.9M

SEC Filings

AGEN - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
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
Showing 1 to 10 of 600 filings