Filing Flows › Agenus (AGEN) › Q3 2026 › vs Q3 2025
Agenus (AGEN) Q3 2026 vs Q3 2025 (year over year)
Agenus's revenue rose $1.3M (+4%) from $30.2M in Q3 2025 to $31.5M in Q3 2026. The biggest changes: Pre Commercial Product Revenue +$6.1M (—); Non Cash Royalty Revenue Related to the Sale of Future Royalties −$3.7M (-13%). Operating margin 36.2% against -15.0% (+51.3 pts).
Agenus, Q3 2026: revenue $31.5M (+4% year over year), operating margin 36.2%, net earnings $1.5M, operating cash flow −$20.1M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 36.2% | -15.0% | +51.3 pts |
| Net margin | 4.8% | 211.2% | -206.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Non Cash Royalty Revenue Related to the Sale of Future Royalties | $25.4M | $29.1M | −$3.7M | -13% |
| Pre Commercial Product Revenue | $6.1M | $0 | $6.1M | — |
| Revenue | $31.5M | $30.2M | $1.3M | +4% |
| Operating profit | $11.4M | −$4.5M | $16.0M | — |
| Costs & expenses | $20.1M | $34.8M | −$14.7M | -42% |
| Pre-tax earnings | $2.7M | $63.9M | −$61.2M | -96% |
| Other expense, net | $8.7M | −$68.5M | $77.1M | — |
| Net earnings | $1.5M | $63.9M | −$62.3M | -98% |
| Minority interests | $1.2M | $51K | $1.2M | 24× |
| Operating cash sources | $25.1M | $84.9M | −$59.8M | -70% |
| Depreciation & amortization | $513K | $3.0M | −$2.5M | -83% |
| Share-based compensation | $2.9M | $3.2M | −$302K | -9% |
| Cash used in operations | $20.1M | $14.7M | $5.4M | +36% |
| Working capital & other | $25.1M | $84.9M | −$59.8M | -70% |
Questions
How much did Agenus's revenue grow year over year in Q3 2026?
Agenus's revenue rose $1.3M (+4%) from $30.2M in Q3 2025 to $31.5M in Q3 2026.
What drove Agenus's revenue change in Q3 2026?
Pre Commercial Product Revenue +$6.1M (—); Non Cash Royalty Revenue Related to the Sale of Future Royalties −$3.7M (-13%).