AGEN Chart
About

Agenus Inc., a clinical-stage biotechnology company, discovers and develops therapies to activate the body's immune system against cancer and infections in the United States and internationally. It 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, a programmed death receptor-1 (PD-1) blocking antibody; AGEN1181, a human Fc-enhanced cytotoxic T-lymphocyte antigen 4 (CTLA-4) blocking antibody that is in Phase 2 trials in metastatic colorectal cancer (mCRC), pancreatic cancer, 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 clinical development; and BMS-986442, a TIGIT bispecific antibodies. In addition, it develops INCAGN1876, a GITR agonist; INCAGN2390, a TIM-3 monoclonal antibodies; 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 t; and AGEN1884. The company operates under the Agenus, MiNK, Prophage, Retrocyte Display, and STIMULON trademarks. It has collaborations with Bristol-Myers Squibb Company, Betta Pharmaceuticals Co., Ltd., UroGen Pharma Ltd., Gilead Sciences, Inc., Incyte Corporation, and Merck Sharp & Dohme. 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.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 116.38M
Enterprise Value 145.46M Income -35.38M Sales 106.83M
Book/sh -8.35 Cash/sh 0.10 Dividend Yield —
Payout 0.00% Employees 316 IPO —
P/E — Forward P/E 1.65 PEG —
P/S 1.09 P/B -0.39 P/C —
EV/EBITDA -2.89 EV/Sales 1.36 Quick Ratio 0.03
Current Ratio 0.47 Debt/Eq — LT Debt/Eq —
EPS (ttm) -1.57 EPS next Y 1.96 EPS Growth —
Revenue Growth 20.40% Earnings 2026-03-10 ROA -16.66%
ROE — ROIC — Gross Margin 0.08%
Oper. Margin -16.08% Profit Margin -32.92% Shs Outstand 36.14M
Shs Float 31.26M Short Float 10.81% Short Ratio 4.33
Short Interest — 52W High 7.34 52W Low 1.38
Beta 1.61 Avg Volume 668.90K Volume 407.48K
Target Price $12.33 Recom None Prev Close $3.07
Price $3.22 Change 4.89%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$12.33
Mean price target
2. Current target
$3.22
Latest analyst target
3. DCF / Fair value
$-73.85
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.22
Low
$6.00
High
$23.00
Mean
$12.33

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-09-10 reit HC Wainwright & Co. Buy → Buy $23
2025-08-28 reit HC Wainwright & Co. Buy → Buy $23
2025-06-04 main Baird Neutral → Neutral $6
2025-06-04 up HC Wainwright & Co. Neutral → Buy $25
2025-05-13 reit HC Wainwright & Co. Neutral → Neutral —
2025-05-13 main Baird Neutral → Neutral $4
2025-04-30 reit HC Wainwright & Co. Neutral → Neutral —
2025-03-18 reit HC Wainwright & Co. Neutral → Neutral —
2025-03-12 main Baird Neutral → Neutral $3
2025-03-12 reit HC Wainwright & Co. Neutral → Neutral —
2025-01-22 reit HC Wainwright & Co. Neutral → Neutral —
2024-12-05 reit HC Wainwright & Co. Neutral → Neutral —
2024-11-29 reit HC Wainwright & Co. Neutral → Neutral $7
2024-11-12 main HC Wainwright & Co. Neutral → Neutral $7
2024-08-14 main B. Riley Securities Buy → Buy $18
2024-07-19 down Jefferies Buy → Hold $7
2024-07-18 down HC Wainwright & Co. Buy → Neutral $9
2024-06-28 reit HC Wainwright & Co. Buy → Buy $40
2024-05-24 reit HC Wainwright & Co. Buy → Buy $40
2024-05-07 reit HC Wainwright & Co. Buy → Buy $40
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 5027 14779 — Stock Award(Grant) at price 2.94 per share. ARMEN GARO H. Chief Executive Officer — 2026-02-06 00:00:00 D
1 4562 14781 — Stock Award(Grant) at price 3.24 per share. ARMEN GARO H. Chief Executive Officer — 2026-01-23 00:00:00 D
2 3780 14780 — Stock Award(Grant) at price 3.91 per share. ARMEN GARO H. Chief Executive Officer — 2026-01-09 00:00:00 D
3 7691 24842 — Stock Award(Grant) at price 3.23 per share. HARRISON THOMAS L Director — 2026-01-02 00:00:00 D
4 4942 16358 — Stock Award(Grant) at price 3.31 per share. ARMEN GARO H. Chief Executive Officer — 2025-12-26 00:00:00 D
5 4316 16358 — Stock Award(Grant) at price 3.79 per share. ARMEN GARO H. Chief Executive Officer — 2025-12-12 00:00:00 D
6 3587 16357 — Stock Award(Grant) at price 4.56 per share. ARMEN GARO H. Chief Executive Officer — 2025-11-28 00:00:00 D
7 3769 16357 — Stock Award(Grant) at price 4.34 per share. ARMEN GARO H. Chief Executive Officer — 2025-11-14 00:00:00 D
8 4120 16356 — Stock Award(Grant) at price 3.97 per share. ARMEN GARO H. Chief Executive Officer — 2025-10-31 00:00:00 D
9 4216 16358 — Stock Award(Grant) at price 3.88 per share. ARMEN GARO H. Chief Executive Officer — 2025-10-17 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-105.26M-146.48M-160.72M49.07M
TotalUnusualItems3.95M556.00K-1.12M-5.28M
TotalUnusualItemsExcludingGoodwill3.95M556.00K-1.12M-5.28M
NetIncomeFromContinuingOperationNetMinorityInterest-227.21M-245.76M-220.07M-23.93M
ReconciledDepreciation13.34M13.59M6.95M6.79M
ReconciledCostOfRevenue156.01M237.68M197.26M182.08M
EBITDA-101.30M-145.92M-161.85M43.78M
EBIT-114.64M-159.51M-168.79M36.99M
NetInterestIncome-117.63M-97.92M-61.86M-65.72M
InterestExpense117.63M97.92M61.86M65.72M
NormalizedIncome-231.17M-246.32M-218.95M-18.64M
NetIncomeFromContinuingAndDiscontinuedOperation-227.21M-245.76M-220.07M-23.93M
TotalExpenses227.89M316.42M278.27M258.44M
TotalOperatingIncomeAsReported-120.47M-159.55M-179.43M25.75M
DilutedAverageShares21.47M17.89M14.09M11.45M
BasicAverageShares21.47M17.89M14.09M11.45M
DilutedEPS-10.59-13.75-15.64-2.20
BasicEPS-10.59-13.75-15.64-2.20
DilutedNIAvailtoComStockholders-227.43M-245.97M-220.29M-24.14M
NetIncomeCommonStockholders-227.43M-245.97M-220.29M-24.14M
PreferredStockDividends215.00K213.00K212.00K211.00K
NetIncome-227.21M-245.76M-220.07M-23.93M
MinorityInterests5.06M11.68M10.58M4.80M
NetIncomeIncludingNoncontrollingInterests-232.27M-257.44M-230.66M-28.72M
NetIncomeContinuousOperations-232.27M-257.44M-230.66M-28.72M
PretaxIncome-232.27M-257.44M-230.66M-28.72M
OtherIncomeExpense9.78M593.00K11.45M-233.00K
OtherNonOperatingIncomeExpenses5.83M37.00K12.57M5.05M
SpecialIncomeCharges3.95M556.00K-1.12M-5.28M
OtherSpecialCharges1.94M-6.20M
RestructuringAndMergernAcquisition-3.95M-556.00K-815.00K11.48M
NetNonOperatingInterestIncomeExpense-117.63M-97.92M-61.86M-65.72M
InterestExpenseNonOperating117.63M97.92M61.86M65.72M
OperatingIncome-124.43M-160.10M-180.24M37.23M
OperatingExpense71.88M78.74M81.01M76.36M
SellingGeneralAndAdministration71.88M78.74M81.01M76.36M
GeneralAndAdministrativeExpense71.88M78.74M81.01M76.36M
OtherGandA71.88M78.74M81.01M76.36M
GrossProfit-52.55M-81.37M-99.23M113.59M
CostOfRevenue156.01M237.68M197.26M182.08M
TotalRevenue103.46M156.31M98.02M295.67M
OperatingRevenue2.48M41.74M52.74M251.13M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber23.63M19.72M15.28M12.84M
ShareIssued23.63M19.72M15.28M12.84M
TotalDebt94.87M88.47M78.43M58.29M
TangibleBookValue-353.85M-189.47M-92.97M1.08M
InvestedCapital-293.21M-147.42M-48.12M47.99M
WorkingCapital-175.83M-143.48M24.17M175.03M
NetTangibleAssets-353.85M-189.47M-92.97M1.08M
CapitalLeaseObligations61.70M75.56M65.27M44.74M
CommonStockEquity-326.38M-160.33M-61.28M34.44M
TotalCapitalization-295.91M-147.56M-48.69M47.26M
TotalEquityGrossMinorityInterest-306.42M-148.38M-54.90M47.91M
MinorityInterest19.96M11.95M6.38M13.47M
StockholdersEquity-326.38M-160.33M-61.28M34.44M
GainsLossesNotAffectingRetainedEarnings-1.40M-955.00K915.00K1.49M
OtherEquityAdjustments-1.40M-955.00K915.00K1.49M
TreasuryStock0.000.00
RetainedEarnings-2.18B-1.96B-1.71B-1.49B
AdditionalPaidInCapital1.86B1.80B1.64B1.52B
CapitalStock236.00K197.00K3.06M2.57M
CommonStock236.00K197.00K3.06M2.57M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest532.70M462.30M468.46M418.05M
TotalNonCurrentLiabilitiesNetMinorityInterest311.29M206.40M279.51M261.11M
OtherNonCurrentLiabilities225.13M129.98M202.45M194.97M
PreferredSecuritiesOutsideStockEquity0.00
NonCurrentDeferredLiabilities1.14M1.14M1.14M11.20M
NonCurrentDeferredRevenue1.14M1.14M1.14M11.20M
LongTermDebtAndCapitalLeaseObligation85.02M75.28M75.91M54.93M
LongTermCapitalLeaseObligation54.55M62.51M63.33M42.11M
LongTermDebt30.47M12.77M12.58M12.82M
CurrentLiabilities221.40M255.90M188.95M156.94M
OtherCurrentLiabilities121.85M141.21M101.49M75.66M
CurrentDeferredLiabilities31.00K18.00K12.27M12.43M
CurrentDeferredRevenue31.00K18.00K12.27M12.43M
CurrentDebtAndCapitalLeaseObligation9.85M13.19M2.52M3.35M
CurrentCapitalLeaseObligation7.15M13.04M1.94M2.63M
CurrentDebt2.70M146.00K575.00K728.00K
OtherCurrentBorrowings2.55M429.00K582.00K
CurrentNotesPayable146.00K146.00K146.00K146.00K
PayablesAndAccruedExpenses89.67M101.48M72.68M65.50M
CurrentAccruedExpenses28.20M40.03M31.74M35.01M
Payables61.47M61.45M40.94M30.49M
AccountsPayable61.47M61.45M40.94M30.49M
TotalAssets226.27M313.91M413.56M465.96M
TotalNonCurrentAssets180.70M201.50M200.43M133.98M
OtherNonCurrentAssets5.83M9.34M4.45M9.54M
GoodwillAndOtherIntangibleAssets27.47M29.13M31.70M33.36M
OtherIntangibleAssets3.38M4.41M6.23M8.49M
Goodwill24.09M24.72M25.47M24.88M
NetPPE147.40M163.03M164.29M91.08M
AccumulatedDepreciation-72.55M-61.94M-54.08M-50.54M
GrossPPE219.95M224.97M218.36M141.62M
Leases94.86M95.64M28.76M28.66M
ConstructionInProgress784.00K1.51M66.46M16.84M
OtherProperties27.31M29.61M31.27M31.05M
MachineryFurnitureEquipment78.87M80.08M73.93M41.47M
BuildingsAndImprovements5.84M5.84M5.65M5.63M
LandAndImprovements12.29M12.29M12.29M17.97M
Properties0.000.000.000.00
CurrentAssets45.57M112.42M213.12M331.97M
OtherCurrentAssets2.42M2.37M3.19M3.17M
PrepaidAssets2.31M8.10M13.83M20.36M
Receivables407.00K25.84M2.74M1.52M
AccountsReceivable407.00K25.84M2.74M1.52M
CashCashEquivalentsAndShortTermInvestments40.44M76.11M193.36M306.92M
OtherShortTermInvestments0.0014.68M14.99M
CashAndCashEquivalents40.44M76.11M178.67M291.93M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-158.89M-234.16M-228.44M-23.67M
RepurchaseOfCapitalStock0.00-5.17M-3.79M-1.65M
RepaymentOfDebt-10.48M-8.93M-490.00K-1.32M
IssuanceOfDebt20.00M0.000.000.00
IssuanceOfCapitalStock38.82M133.16M99.21M220.65M
CapitalExpenditure-576.00K-9.95M-53.06M-33.81M
InterestPaidSupplementalData2.28M3.17M1.14M1.15M
EndCashPosition44.07M79.78M181.34M294.60M
BeginningCashPosition79.78M181.34M294.60M102.50M
EffectOfExchangeRateChanges-260.00K-628.00K-104.00K-164.00K
ChangesInCash-35.45M-100.94M-113.15M192.26M
FinancingCashFlow122.84M119.87M95.83M225.26M
CashFlowFromContinuingFinancingActivities122.84M119.87M95.83M225.26M
NetOtherFinancingCharges73.85M-606.00K-1.54M
ProceedsFromStockOptionExercised647.00K807.00K898.00K9.13M
NetCommonStockIssuance38.82M127.98M95.42M218.99M
CommonStockPayments0.00-5.17M-3.79M-1.65M
CommonStockIssuance38.82M133.16M99.21M220.65M
NetIssuancePaymentsOfDebt9.52M-8.93M-490.00K-1.32M
NetLongTermDebtIssuance9.52M-8.93M-490.00K-1.32M
LongTermDebtPayments-10.48M-8.93M-490.00K-1.32M
LongTermDebtIssuance20.00M0.000.000.00
InvestingCashFlow27.00K3.40M-33.61M-43.15M
CashFlowFromContinuingInvestingActivities27.00K3.40M-33.61M-43.15M
NetInvestmentPurchaseAndSale579.00K9.99M371.00K-14.99M
SaleOfInvestment579.00K30.03M25.00M0.00
PurchaseOfInvestment0.00-20.04M-24.63M-14.99M
NetBusinessPurchaseAndSale0.000.00-2.92M0.00
PurchaseOfBusiness0.000.00-2.92M0.00
NetPPEPurchaseAndSale-552.00K-6.59M-31.06M-28.16M
SaleOfPPE24.00K3.36M22.00M5.66M
PurchaseOfPPE-576.00K-9.95M-53.06M-33.81M
OperatingCashFlow-158.31M-224.20M-175.37M10.14M
CashFlowFromContinuingOperatingActivities-158.31M-224.20M-175.37M10.14M
ChangeInWorkingCapital32.60M10.76M24.08M-9.74M
ChangeInOtherWorkingCapital-671.00K-13.79M3.57M-13.98M
ChangeInPayablesAndAccruedExpense2.15M41.98M8.53M9.76M
ChangeInAccruedExpense136.00K20.61M2.03M-1.06M
ChangeInPayable2.01M21.37M6.49M10.82M
ChangeInAccountPayable2.01M21.37M6.49M10.82M
ChangeInPrepaidAssets5.78M6.03M11.87M-5.13M
ChangeInInventory0.00
ChangeInReceivables25.34M-23.46M122.00K-394.00K
ChangesInAccountReceivables25.34M-23.46M122.00K-394.00K
OtherNonCashItems13.23M-12.01M19.61M31.75M
StockBasedCompensation17.39M22.87M18.34M19.58M
AssetImpairmentCharge1.97M0.006.11M0.00
DepreciationAmortizationDepletion13.34M13.59M6.95M6.79M
DepreciationAndAmortization13.34M13.59M6.95M6.79M
OperatingGainsLosses-4.59M-1.96M-19.80M-9.50M
GainLossOnInvestmentSecurities-3.95M-556.00K-815.00K
NetIncomeFromContinuingOperations-232.27M-257.44M-230.66M-28.72M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AGEN
Date User Asset Broker Type Position Size Entry Price Patterns