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Agenus share price today

Agenus Inc. · AGEN · Healthcare · Biotechnology · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists

Agenus share price: $6.97 at the close on 4 November 2026, +75.1% in a year.

$6.97Price +75.1% in a year
2.8×P/E against its own history
$34.5 MRevenue (Jun 2026) +34.4% on a year ago
−$604 KProfit (Jun 2026)
32.7%Operating margin +98.0 points on a year ago
0%ROE FY25

Agenus Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers.

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

The price has been between phases. But the balance sheet is under water: net worth is negative, so shareholders come after everyone the company owes. What will decide it: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first.

What is the Agenus share price today?

Agenus Inc.'s share price was $6.97 at the close on 4 November 2026. That is 40.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between $3 and $9, and at that close it sat 72% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.

Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 1 week in a row.

Nov 2026: $6.97, 40.0% above its 200-day average.

  • Price $6.97
  • 50-day avg $7.51
  • 200-day avg $4.98
Nov 2026: $6.97, 40.0% above its 200-day average.
WeekPrice50-day avg200-day avg
11 Jul 2025$7.06––
18 Jul 2025$6.15––
25 Jul 2025$5.96––
1 Aug 2025$5.36––
8 Aug 2025$4.80––
15 Aug 2025$4.63––
22 Aug 2025$4.52––
29 Aug 2025$4.18––
5 Sep 2025$4.33––
12 Sep 2025$4.48––
19 Sep 2025$4.38$5.08–
26 Sep 2025$3.95$4.84–
3 Oct 2025$4.14$4.62–
10 Oct 2025$3.97$4.45–
17 Oct 2025$3.88$4.33–
24 Oct 2025$4.14$4.30–
31 Oct 2025$3.97$4.24–
7 Nov 2025$3.98$4.17–
14 Nov 2025$4.34$4.18–
21 Nov 2025$4.22$4.14–
28 Nov 2025$4.56$4.13–
5 Dec 2025$3.93$4.12–
12 Dec 2025$3.79$4.12–
19 Dec 2025$3.44$4.06–
26 Dec 2025$3.31$4.01–
2 Jan 2026$3.23$3.93–
9 Jan 2026$3.91$3.88–
16 Jan 2026$3.34$3.91–
23 Jan 2026$3.24$3.86–
30 Jan 2026$2.84$3.73–
6 Feb 2026$2.94$3.59–
13 Feb 2026$2.92$3.45–
20 Feb 2026$3.06$3.37–
27 Feb 2026$3.33$3.31–
6 Mar 2026$2.96$3.26–
13 Mar 2026$3.10$3.26–
20 Mar 2026$3.71$3.29–
27 Mar 2026$3.39$3.22–
2 Apr 2026$3.33$3.21–
10 Apr 2026$3.96$3.30–
17 Apr 2026$4.79$3.47–
24 Apr 2026$3.90$3.58$4.08
1 May 2026$3.84$3.67$4.02
8 May 2026$3.82$3.74$3.96
15 May 2026$3.58$3.77$3.90
22 May 2026$3.11$3.77$3.84
29 May 2026$3.50$3.76$3.82
5 Jun 2026$3.23$3.72$3.79
12 Jun 2026$3.30$3.71$3.75
18 Jun 2026$3.00$3.64$3.73
26 Jun 2026$3.03$3.50$3.69
2 Jul 2026$3.49$3.41$3.67
10 Jul 2026$3.35$3.35$3.64
17 Jul 2026$5.01$3.48$3.67
24 Jul 2026$5.98$3.68$3.71
31 Jul 2026$7.50$4.04$3.78
7 Aug 2026$6.96$4.48$3.87
14 Aug 2026$7.32$4.85$3.94
21 Aug 2026$8.09$5.30$4.03
28 Aug 2026$7.66$5.77$4.14
4 Sep 2026$8.24$6.28$4.23
11 Sep 2026$6.94$6.59$4.28
18 Sep 2026$7.85$6.98$4.36
25 Sep 2026$8.54$7.34$4.47
2 Oct 2026$8.36$7.71$4.60
9 Oct 2026$7.67$7.83$4.70
16 Oct 2026$6.04$7.72$4.79
23 Oct 2026$6.33$7.67$4.87
30 Oct 2026$6.84$7.59$4.93
4 Nov 2026$6.97$7.51$4.98
Weekly closing price ($) with its 50-day and 200-day averages. 1-year window.

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?

Ahead in 25 of 57 weeks

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
11 Jul 2025no S&P 500 reading
18 Jul 2025no S&P 500 reading
25 Jul 2025no S&P 500 reading
1 Aug 2025no S&P 500 reading
8 Aug 2025no S&P 500 reading
15 Aug 2025no S&P 500 reading
22 Aug 2025no S&P 500 reading
29 Aug 2025no S&P 500 reading
5 Sep 2025no S&P 500 reading
12 Sep 2025no S&P 500 reading
19 Sep 2025no S&P 500 reading
26 Sep 2025no S&P 500 reading
3 Oct 2025no S&P 500 reading
10 Oct 2025−48.5%
17 Oct 2025−42.8%
24 Oct 2025−36.8%
31 Oct 2025−35.6%
7 Nov 2025−22.4%
14 Nov 2025−10.7%
21 Nov 2025−8.8%
28 Nov 2025+3.1%
5 Dec 2025−15.2%
12 Dec 2025−19.1%
19 Dec 2025−24.0%
26 Dec 2025−20.5%
2 Jan 2026−24.1%
9 Jan 2026−7.8%
16 Jan 2026−18.0%
23 Jan 2026−23.5%
30 Jan 2026−29.9%
6 Feb 2026−29.1%
13 Feb 2026−34.2%
20 Feb 2026−32.1%
27 Feb 2026−27.4%
6 Mar 2026−22.7%
13 Mar 2026−15.3%
20 Mar 2026+12.6%
27 Mar 2026+10.6%
2 Apr 2026+7.1%
10 Apr 2026+3.4%
17 Apr 2026+40.7%
24 Apr 2026+16.8%
1 May 2026+31.1%
8 May 2026+23.1%
15 May 2026+14.2%
22 May 2026−6.5%
29 May 2026−5.2%
5 Jun 2026−0.6%
12 Jun 2026−5.5%
18 Jun 2026−34.3%
26 Jun 2026−25.6%
2 Jul 2026−8.8%
10 Jul 2026−26.5%
17 Jul 2026−0.1%
24 Jul 2026+49.8%
31 Jul 2026+91.7%
7 Aug 2026+77.4%
14 Aug 2026+99.4%
21 Aug 2026+157.4%
28 Aug 2026+117.2%
4 Sep 2026+150.7%
11 Sep 2026+107.3%
18 Sep 2026+159.7%
25 Sep 2026+176.0%
2 Oct 2026+136.2%
9 Oct 2026+125.8%
16 Oct 2026+17.9%
23 Oct 2026+3.0%
30 Oct 2026−10.0%
4 Nov 2026+1.0%
Each bar is one week, from 2025 to now (57 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 1 year the share price moved −1% while the S&P 500 moved +23%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does Agenus pay?

Agenus Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.

Which stock lists is Agenus on?

Agenus is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Is Agenus profitable?

Agenus Inc. posted a net loss of $604 K in the Jun 2026 quarter. The full FY25 year was a loss of $101 K. That loss is 1.7% of the quarter's revenue. The same quarter a year earlier lost $28.0 M. 10 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

FY25 profit −$0.1 M

  • Net profit −$0.1 M
FY25 profit −$0.1 M
QuarterNet profit
FY21−$24.1 M
FY22−$220 M
FY23−$246 M
FY24−$227 M
FY25−$0.1 M
Net profit each year, $ M. 5-year window. A grey bar is lower than the year before.

Jun 2026: −$0.6 M

  • Net profit (quarterly) −$0.6 M
Jun 2026: −$0.6 M
QuarterNet profit (quarterly)
Sep 2023−$62.3 M
Dec 2023−$46.3 M
Mar 2024−$61.9 M
Jun 2024−$53.1 M
Sep 2024−$66.4 M
Dec 2024−$45.9 M
Mar 2025−$25.3 M
Jun 2025−$28.0 M
Sep 2025$63.9 M
Dec 2025−$10.6 M
Mar 2026$39.2 M
Jun 2026−$0.6 M
Net profit each quarter, $ M. Last 12 quarters. A grey bar is lower than the quarter before.

How much revenue does Agenus make, and is it growing?

Agenus Inc. reported $34.5 M of revenue in the Jun 2026 quarter, +34.4% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 4 years it has grown −21.2% a year on average. The last full year, FY25, came in at $114 M.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $133 M.

FY25 revenue was $114 M, +10.4% on the year before.

FY25 revenue $114 M (+10.4% on the year before), −21.2% a year over 4 years

  • Revenue $114 M
FY25 revenue $114 M (+10.4% on the year before), −21.2% a year over 4 years
QuarterRevenue
FY21$296 M
FY22$98.0 M
FY23$156 M
FY24$103 M
FY25$114 M

Growth on a year earlier

  • Growth on a year earlier 10.4%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22−66.8%
FY2359.5%
FY24−33.8%
FY2510.4%
Top: revenue each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: $34.5 M (+34.4% on a year earlier), the 5th quarter in a row of growth

  • Revenue (quarterly) $34.5 M
Jun 2026: $34.5 M (+34.4% on a year earlier), the 5th quarter in a row of growth
QuarterRevenue (quarterly)
Sep 2023$24.3 M
Dec 2023$83.8 M
Mar 2024$28.0 M
Jun 2024$23.5 M
Sep 2024$25.1 M
Dec 2024$26.8 M
Mar 2025$24.1 M
Jun 2025$25.7 M
Sep 2025$30.2 M
Dec 2025$34.2 M
Mar 2026$33.7 M
Jun 2026$34.5 M

Growth on a year earlier

  • Growth on a year earlier 34.4%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 20236.8%
Dec 2023195.2%
Mar 202422.3%
Jun 2024−7.1%
Sep 20243.3%
Dec 2024−68%
Mar 2025−14.1%
Jun 20259.3%
Sep 202520.4%
Dec 202527.5%
Mar 202640.2%
Jun 202634.4%
Top: revenue each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +30.6% on average, against −21.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +30.5%, against −8.8% a year over the last 8 quarters (accelerating).

How much of every $100 of sales does Agenus keep?

Agenus Inc.'s operating margin was 32.7% in the Jun 2026 quarter, 98.0 percentage points higher than the same quarter a year ago. Across 5 years it has been between −183.9% and 12.6%. The latest quarter is above every full year in that period.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +98.0 percentage points on the year while gross margin changed +62.1 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

FY25: −18.0%, within a range of −183.9% to 12.6% over 5 years

  • Operating margin −18.0%
FY25: −18.0%, within a range of −183.9% to 12.6% over 5 years
QuarterOperating margin
FY2112.6%
FY22−183.9%
FY23−102.4%
FY24−120.3%
FY25−18%

Change on the year before (points)

  • Change on the year before (points) +102.3 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY21–
FY22−196.5 pts
FY23+81.5 pts
FY24−17.9 pts
FY25+102.3 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 5-year window.

Jun 2026: operating margin 32.7% (+98.0 points on a year earlier)

  • Operating margin 32.7%
Jun 2026: operating margin 32.7% (+98.0 points on a year earlier)
QuarterOperating margin
Sep 2023−190.6%
Dec 2023−5.2%
Mar 2024−117.4%
Jun 2024−128.4%
Sep 2024−132.9%
Dec 2024−104.3%
Mar 2025−55.3%
Jun 2025−65.3%
Sep 2025−16.1%
Dec 202542.1%
Mar 202644.6%
Jun 202632.7%

Change on a year earlier (points)

  • Change on a year earlier (points) +98.0 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Sep 2023−7.7 pts
Dec 2023+197.8 pts
Mar 2024+121.6 pts
Jun 2024+87.7 pts
Sep 2024+57.7 pts
Dec 2024−99.1 pts
Mar 2025+62.1 pts
Jun 2025+63.1 pts
Sep 2025+116.8 pts
Dec 2025+146.4 pts
Mar 2026+99.9 pts
Jun 2026+98.0 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is Agenus' profit turning into cash?

Agenus Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 its operations used $77.2 M of cash, against −$101 K of profit. After $6.0 K of spending on assets, free cash was −$77.2 M: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY25: operating cash −$77.2 M against profit −$0.1 M

  • Operating cash −$77.2 M
  • Net profit −$0.1 M
  • Free cash −$77.2 M
FY25: operating cash −$77.2 M against profit −$0.1 M
QuarterOperating cashNet profitFree cash
FY21$10.1 M−$24.1 M−$23.7 M
FY22−$175 M−$220 M−$228 M
FY23−$224 M−$246 M−$234 M
FY24−$158 M−$227 M−$159 M
FY25−$77.2 M−$0.1 M−$77.2 M
Operating cash flow and net profit each year, $ M. The line is free cash flow: operating cash minus spending on assets. 5-year window, yearly figures.

Jun 2026: operating cash −$31.2 M

  • Operating cash (quarterly) −$31.2 M
Jun 2026: operating cash −$31.2 M
QuarterOperating cash (quarterly)
Sep 2023−$65.2 M
Dec 2023−$40.4 M
Mar 2024−$38.2 M
Jun 2024−$38.2 M
Sep 2024−$53.3 M
Dec 2024−$28.7 M
Mar 2025−$25.6 M
Jun 2025−$20.2 M
Sep 2025−$14.7 M
Dec 2025−$16.6 M
Mar 2026−$36.0 M
Jun 2026−$31.2 M

Operating cash as % of profit

  • Operating cash as % of profit −92%
Operating cash as % of profit
QuarterOperating cash as % of profit
Sep 2023–
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024–
Mar 2025–
Jun 2025–
Sep 2025−23%
Dec 2025–
Mar 2026−92%
Jun 2026–
Top: operating cash each quarter, $ M. Below: operating cash as a % of net profit; 100% means all of the quarter's profit came in as cash. Last 12 quarters.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does Agenus' cash go?

Agenus Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $10.5 M on assets over the last 3 years. Averaged over those years that is 3.1% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $10.5 M over the last 3 years.

FY25: capex $0, down from the year before

  • Capex $0.006
FY25: capex $0, down from the year before
QuarterCapex
FY21$33.8 M
FY22$53.1 M
FY23$10.0 M
FY24$0.6 M
FY25$0
Capital spending each year, $ M.

Jun 2025: capex $0 in the quarter

  • Capex (quarterly) $0.001
Jun 2025: capex $0 in the quarter
QuarterCapex (quarterly)
Sep 2022$15.7 M
Dec 2022$14.3 M
Mar 2023$1.8 M
Jun 2023$4.4 M
Sep 2023$3.5 M
Dec 2023$0.2 M
Mar 2024$0
Jun 2024$0.5 M
Sep 2024$0
Dec 2024$0.1 M
Mar 2025$0
Jun 2025$0

Free cash

  • Free cash −$20.2 M
Free cash
QuarterFree cash
Sep 2022−$47.9 M
Dec 2022−$61.7 M
Mar 2023−$60.4 M
Jun 2023−$64.5 M
Sep 2023−$68.7 M
Dec 2023−$40.6 M
Mar 2024−$38.2 M
Jun 2024−$38.6 M
Sep 2024−$53.3 M
Dec 2024−$28.7 M
Mar 2025−$25.6 M
Jun 2025−$20.2 M
Top: capital spending each quarter, $ M. Below: free cash flow, $ M. Last 12 quarters.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is Agenus' P/E ratio, and how does it compare with its own history?

Agenus Inc.'s P/E is 2.8×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

2.8×P/E · too little history to compare
n/mPEG · cannot be worked out, because 3-year earnings growth is not available

In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple.

Is the Agenus business getting better or worse?

Agenus Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +10.4% in FY25

  • Revenue growth 10.4%
Growth year by year: revenue +10.4% in FY25
QuarterRevenue growth
FY21–
FY22−66.8%
FY2359.5%
FY24−33.8%
FY2510.4%
Growth on the year before, each year, %. Top: revenue. Zero line drawn.

Three growth lines over twelve quarters: revenue accelerating

  • Revenue 30.5%
Three growth lines over twelve quarters: revenue accelerating
QuarterRevenue
Sep 202312.2%
Dec 202359.5%
Mar 202469.9%
Jun 202460.7%
Sep 202459%
Dec 2024−33.8%
Mar 2025−38.3%
Jun 2025−36.3%
Sep 2025−33.4%
Dec 202510.4%
Mar 202624.5%
Jun 202630.5%
Growth on a year earlier, % at each quarter end. Top: revenue. Each is measured over the last 12 months. A gap means there is no reading for that quarter.
RisingRevenue growth · latest +30.5%, range −38.3% to +69.9%

Why it matters: with too little history, we say so rather than guess a direction.

The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+10.4%+5.2%——
Stock price+75.1%———
+34.4%Revenue growth (Jun 2026) · latest quarter against a year ago
−21.2%Revenue, 4 years · yearly growth over the long run

How much does Agenus earn on its capital?

Agenus Inc. earned a ROE of 0% in FY25. That is up from a low of −50% in FY21. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a −0.1% net margin and 0.50× asset turnover (sales divided by assets).

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

Why the return is what it is (FY25): a −0.1% net margin × 0.50× asset turnover × −0.82× leverage (assets divided by equity) ≈ 0.0% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

FY25: ROE 0%, the climb back from FY21's −50%

  • ROE 0%
  • Cost of capital 24.4%
FY25: ROE 0%, the climb back from FY21's −50%
QuarterROECost of capital
FY21−50.4%24.4%
FY22401.2%24.4%
FY23165.8%24.4%
FY2474.2%24.4%
FY250%24.4%
Return on equity each year, % (line). 5-year window, low years included. The flat line is the 24.4% cost of capital used on this page.

Dec 2022: ROE −25,178.7% (last 12 months)

  • ROE (12 months) −25,178.7%
Dec 2022: ROE −25,178.7% (last 12 months)
QuarterROE (12 months)
Mar 2022−648%
Jun 2022−535.8%
Sep 2022−954%
Dec 2022−25,178.7%
ROE over the last 12 months, each quarter, %. Last 4 quarters, lined up with the yearly figure.

Does Agenus have too much debt?

Agenus Inc.'s net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from 1.23 in FY21 to −0.20 in FY25. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY25: debt $55.9 M, −0.20× equity

  • Total debt $55.9 M
FY25: debt $55.9 M, −0.20× equity
QuarterTotal debt
FY21$58.9 M
FY22$98.7 M
FY23$93.2 M
FY24$95.0 M
FY25$55.9 M

Debt-to-equity

  • Debt-to-equity −0.20×
Debt-to-equity
QuarterDebt-to-equity
FY211.23×
FY22−1.80×
FY23−0.63×
FY24−0.31×
FY25−0.20×
Top: total debt each year, $ M. Below: debt-to-equity, ×. 5-year window.

Jun 2026: debt $40.7 M, debt-to-equity −0.20

  • Total debt (quarterly) $40.7 M
Jun 2026: debt $40.7 M, debt-to-equity −0.20
QuarterTotal debt (quarterly)
Sep 2023$96.8 M
Dec 2023$93.2 M
Mar 2024$91.6 M
Jun 2024$82.1 M
Sep 2024$78.9 M
Dec 2024$95.0 M
Mar 2025$92.0 M
Jun 2025$91.3 M
Sep 2025$46.1 M
Dec 2025$55.9 M
Mar 2026$41.1 M
Jun 2026$40.7 M

Debt-to-equity

  • Debt-to-equity −0.20×
Debt-to-equity
QuarterDebt-to-equity
Sep 2023−0.84×
Dec 2023−0.63×
Mar 2024−0.48×
Jun 2024−0.37×
Sep 2024−0.29×
Dec 2024−0.31×
Mar 2025−0.29×
Jun 2025−0.27×
Sep 2025−0.16×
Dec 2025−0.20×
Mar 2026−0.18×
Jun 2026−0.20×
Top: total debt each quarter, $ M. Below: debt-to-equity, ×. Last 12 quarters.

What is the Agenus shareholding pattern?

17.4% of Agenus Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 6.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

17.4%Short interest · of the tradable float
6.2Days to cover · at typical volumes

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

How far is Agenus from balance-sheet trouble?

For Agenus Inc., the Z-score is −16.78. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of −16.78 is inside the danger zone, so the balance sheet is a real risk.

How does Agenus rank in its industry?

There is no score against its industry: Agenus Inc. is not among the largest members shown in this industry comparison for Biotechnology.

The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.

Which companies is Agenus compared with?

No sector comparison is shown here, not among the largest members shown in this industry comparison.

Which companies are close to Agenus in size?

Agenus is the 168th largest of 211 Biotechnology companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Alector, Inc., Benitec Biopharma Inc. and X4 Pharmaceuticals, Inc. Just below it: Enanta Pharmaceuticals, Inc., Arcturus Therapeutics Holdings Inc. and ARS Pharmaceuticals, Inc.

Biotechnology companies close in size

  1. Alector, Inc. $338 million
  2. Benitec Biopharma Inc. $324 million
  3. X4 Pharmaceuticals, Inc. $321 million
  4. Agenus Inc. $314 million
  5. Enanta Pharmaceuticals, Inc. $310 million
  6. Arcturus Therapeutics Holdings Inc. $309 million
  7. ARS Pharmaceuticals, Inc. $303 million

All 211 Biotechnology companies, largest first

Companies close in size in other industries

  1. 8x8, Inc. $301 million · Software - Application
  2. Idaho Strategic Resources, Inc. $301 million · Gold
  3. Agenus Inc. $300 million
  4. TRX Gold Corporation $299 million · Gold
  5. Princeton Bancorp, Inc. $299 million · Banks - Regional

What else do people ask about Agenus?

What were Agenus's latest quarterly results?

Agenus Inc. reported revenue of $34.5 M and a net loss of $604 K for the Jun 2026 quarter. Earnings per share were −$0.01. The operating margin was 32.7%, 98.0 percentage points higher than a year earlier (as of 4 November 2026).

What is Agenus's market cap?

Agenus Inc.'s market capitalisation is $314 M at a stock price of $6.97. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is Agenus performing?

Agenus Inc.'s latest readings are below. Over the past 13 weeks it has done better than the S&P 500, for 1 week running. This describes what the data did, not a rating (as of 4 November 2026).

Will Agenus's stock price go up?

This page does not forecast Agenus Inc.'s stock price. What it shows instead: the stock price is $6.97. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026).

Where is Agenus in its business cycle?

Agenus Inc.'s FY25 operating margin was −18.0%, against a 5-year range of −183.9% to 12.6%: the middle of its own range, neither a peak nor a low. The latest quarter was 32.7%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the Agenus story?

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is Agenus a stock worth studying right now?

What the numbers show: Agenus Inc.'s balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers.

The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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