Filing Flows › Agenus (AGEN) › Q1 2025
Agenus (AGEN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Agenus (AGEN) reported revenue of $24.1M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -10% from the quarter before. Operating margin was -55.3%, net loss $26.4M (109.6% of revenue).
Agenus, Q1 2025: revenue $24.1M (-14% year over year), operating margin -55.3%, net loss $26.4M, operating cash flow −$25.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.1M | -10% | -14% |
| Operating profit | −$13.3M | — | — |
| Net earnings | −$26.4M | — | — |
| Operating cash flow | −$25.6M | — | — |
What changed
Revenue was $24.1M in Q1 2025, down 14% year over year and down 10% from the previous quarter. Non Cash Royalty Revenue Related to the Sale of Future Royalties was the largest line at 98% of revenue. Non Cash Royalty Revenue Related to the Sale of Future Royalties lost $4.2M year over year (down 15%), 107% of the total change.
Operating costs exceeded revenue by $13.3M, an operating margin of -55.3%. Total costs fell 39% while revenue fell 14%. The fastest-growing cost line was Cost of revenue (+28%). The quarter ended with a net loss of $26.4M, narrower than the previous quarter's $46.8M loss. Minority interests bore $1.1M of it: to shareholders the quarter was a loss of $25.3M.
Operating cash flow was −$25.6M. Non-cash charges added back $3.2M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items used $5.9M. Capital expenditures of $5K exceeded it, leaving free cash flow of −$25.6M.
Questions
What was Agenus' revenue in the first quarter 2025?
Agenus (AGEN) reported revenue of $24.1M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -10% from the quarter before.
Was Agenus profitable in the first quarter 2025?
Operating loss was $13.3M (-55.3% of revenue) and net loss $26.4M.
Source: Agenus 10-Q on SEC EDGAR.