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Agenus (AGEN) R&D spending by quarter

Agenus' R&D spending was $11.6M in Q3 2026 (third quarter 2026), -21% from Q2 2026. Over the last 6 quarters it ranged from $7.5M (Q4 2025) to $26.7M (Q2 2025).

Agenus R&D spending by quarterAgenus R&D spending by quarter$21.5MQ1 2025$26.7MQ2 2025$7.5MQ4 2025$11.8MQ1 2026$14.8MQ2 2026$11.6MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$11.6M-21%—
Q2 2026$14.8M+25%-45%
Q1 2026$11.8M+57%-45%
Q4 2025$7.5M-72%—
Q2 2025$26.7M+24%—
Q1 2025$21.5M——

Q3 2026 at a glance

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 follows the revenue to costs, profit and cash.

Questions

What is Agenus' R&D spending?

Agenus' R&D spending was $11.6M in Q3 2026 (third quarter 2026), -21% from Q2 2026.

How has Agenus' R&D spending changed?

Over the last 6 quarters it ranged from $7.5M (Q4 2025) to $26.7M (Q2 2025).

Q3 2026 results → · How Agenus makes money →