Filing Flows › Agenus (AGEN) › Q2 2026
Agenus (AGEN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Agenus (AGEN) reported revenue of $34.5M for the second quarter 2026 (Q2 2026), +34% from a year earlier and +2% from the quarter before. Operating margin was 32.7%, net loss $567K (1.6% of revenue).
Agenus, Q2 2026: revenue $34.5M (+34% year over year), operating margin 32.7%, net loss $567K, operating cash flow −$31.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.5M | +2% | +34% |
| Operating profit | $11.3M | -25% | — |
| Net earnings | −$567K | -101% | — |
| Operating cash flow | −$31.2M | — | — |
What changed
Revenue was $34.5M in Q2 2026, up 34% year over year and up 2% from the previous quarter. Non Cash Royalty Revenue Related to the Sale of Future Royalties was the largest line at 82% of revenue. Non Cash Royalty Revenue Related to the Sale of Future Royalties added $3.3M year over year (up 13%), 38% of the total change.
Operating profit was $11.3M, a 32.7% margin (up 97.8 points year over year). Total costs fell 45% while revenue rose 34%. The quarter ended with a net loss of $567K, after a profit of $39.2M the previous quarter. Net interest and other expense of $11.9M was the main reason.
Operating cash flow was −$31.2M. Non-cash charges added back $517K of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $34.8M.
Questions
What was Agenus' revenue in the second quarter 2026?
Agenus (AGEN) reported revenue of $34.5M for the second quarter 2026 (Q2 2026), +34% from a year earlier and +2% from the quarter before.
Was Agenus profitable in the second quarter 2026?
Operating profit was $11.3M (32.7% of revenue) and net loss $567K.
Source: Agenus 10-Q on SEC EDGAR.