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Agenus Inc.

NASDAQ•AGEN
CEO: Dr. Garo H. Armen Ph.D.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2000-02-08
Agenus Inc., a clinical-stage biotechnology 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 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 antigen 4 (CTLA-4) blocking antibody that is in Phase 2 clinical trial for the treatment of pancreatic cancer and and melanoma; AGEN2373, a CD137 monospecific antibody that is in Phase 1b clinical trial; AGEN1423, a CD73/TGFß TRAP antibody; AGEN1571, an ILT2 monospecific antibody that is in Phase 1 clinical trial; and BMS-986442, a TIGIT bispecific antibodies. In addition, it develops INCAGN1876, a GITR agonist; INCAGN2390, a TIM-3 monospecific antibody; INCAGN2385, a LAG-3 monospecific antibody; MK-4830, a monospecific antibody targeting ILT4 that is in Phase 2 clinical trial; UGN-301, a zalifrelimab intravesical solution for the treatment of cancers of the urinary tract that is in a Phase 1 clinical trial; and AGEN1884, a first-generation anti-CTLA-4 monospecific antibody. The company operates under Agenus, MiNK, Prophage, Retrocyte Display, and Stimulon trademarks. It has collaborations with Bristol-Myers Squibb Company, Betta Pharmaceuticals Co., Ltd., Incyte Corporation, Merck Sharpe & Dohme, 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.
Contact Information
3 Forbes Road, Lexington, MA, 02421-7305, United States
781-674-4400
www.agenusbio.com
Market Cap
$181.24M
P/E (TTM)
1449.7
19.2
Dividend Yield
--
52W High
$7.34
52W Low
$1.60
52W Range
54%
Rank64Top 94.9%
1.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$34.20M+0.00%
4-Quarter Trend

EPS

-$0.30+0.00%
4-Quarter Trend

FCF

-$98.32M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Growth Post-Realignment Total revenues reached $114.2M USD for 2025, marking a 10.3% increase compared to $103.5M USD reported in 2024.
Net Loss Significantly Narrows Net loss attributable to common stockholders drastically narrowed to $0.1M USD in 2025 from $227.4M USD reported in 2024.
R&D Spending Reduced 49% Research and development expenses decreased 49.0% to $79.3M USD in 2025, reflecting strategic focus on lead assets.
Zydus Transaction Closes Closed Zydus transaction in January 2026, securing $91.0M USD consideration and establishing outsourced manufacturing arrangement.

Risk Factors

Need for Additional Capital Historically incurred net losses; anticipates needing substantial additional capital to fund operations and reach profitability into 2027.
Going Concern Uncertainty Remains Auditor expressed substantial doubt regarding ability to continue as going concern due to recurring operational losses.
High Dependency on Lead Program Business highly dependent on success of lead program botensilimab/balstilimab combination therapy for future commercial viability.
Facing Securities Litigation Facing putative securities class action and derivative lawsuits alleging false claims regarding product efficacy and prospects.

Outlook

Seek Regulatory Approval 2026 Intends to seek Accelerated Approval in US and Conditional Approval in EU for BOT plus BAL in refractory colorectal cancer in 2026.
Prioritize Lead Program Focus Prioritized botensilimab/balstilimab program following December 2024 realignment, pausing non-core preclinical and clinical activities evaluation.
Outsourced Manufacturing Reliance Will rely on outsourced manufacturing, finalizing Zydus collaboration for supply of BOT/BAL for clinical trials and access programs.
Require Future Capital Infusions Requires additional capital infusions to fund planned registration strategy and support operations through achievement of profitability.

Peer Comparison

Revenue (TTM)

AGEN stock ticker logoAGEN
$114.20M
+10.4%
SEER stock ticker logoSEER
$16.58M
+18.2%
IRD stock ticker logoIRD
$14.20M
+29.1%

Gross Margin (Latest Quarter)

IRD stock ticker logoIRD
99.7%
-0.4pp
AGEN stock ticker logoAGEN
98.3%
+83.9pp
SEER stock ticker logoSEER
52.0%
+4.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
IRD$394.88M-69.6-452.3%0.0%
ZNTL$368.84M-2.7-52.8%13.7%
CNTX$230.62M-6.4-47.0%0.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
12.4%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Deep Research

Next earnings:May 11, 2026
|
EPS:$1.95
|
Revenue:$129.50M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data