vs
Side-by-side financial comparison of AGENUS INC (AGEN) and Arteris, Inc. (AIP). Click either name above to swap in a different company.
AGENUS INC is the larger business by last-quarter revenue ($34.2M vs $20.1M, roughly 1.7× Arteris, Inc.). AGENUS INC runs the higher net margin — -31.0% vs -42.2%, a 11.2% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs 27.5%). Over the past eight quarters, Arteris, Inc.'s revenue compounded faster (24.7% CAGR vs 10.5%).
Agenus Inc. is a Lexington, Massachusetts-based biotechnology company focused on immunotherapy including immuno-oncology, a field that uses the immune system to control or cure cancer. The company is developing checkpoint modulators (CPMs), patient-specific anti-cancer vaccines, and adjuvants designed for use with various vaccines. CPM development is a particularly fast-moving field, since early products have produced unprecedented clinical benefits for patients.
Arteris, Inc. is a multinational technology company headquartered in Campbell, California. It develops the network-on-chip (NoC) IP and system-on-chip (SoC) integration automation software that is used to create semiconductor chip and chiplet designs for a variety of devices, particularly in automotive electronics, artificial intelligence, machine learning, enterprise computing, communications, consumer, industrial, and aerospace & defense markets. The company specializes in the development a...
AGEN vs AIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.2M | $20.1M |
| Net Profit | $-10.6M | $-8.5M |
| Gross Margin | — | 90.8% |
| Operating Margin | 42.1% | -42.0% |
| Net Margin | -31.0% | -42.2% |
| Revenue YoY | 27.5% | 30.0% |
| Net Profit YoY | 77.3% | -3.7% |
| EPS (diluted) | $0.09 | $-0.19 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $34.2M | $20.1M | ||
| Q3 25 | $30.2M | $17.4M | ||
| Q2 25 | $25.7M | $16.5M | ||
| Q1 25 | $24.1M | $16.5M | ||
| Q4 24 | $26.8M | $15.5M | ||
| Q3 24 | $25.1M | $14.7M | ||
| Q2 24 | $23.5M | $14.6M | ||
| Q1 24 | $28.0M | $12.9M |
| Q4 25 | $-10.6M | $-8.5M | ||
| Q3 25 | $63.9M | $-9.0M | ||
| Q2 25 | $-30.0M | $-9.1M | ||
| Q1 25 | $-26.4M | $-8.1M | ||
| Q4 24 | $-46.8M | $-8.2M | ||
| Q3 24 | $-67.2M | $-7.7M | ||
| Q2 24 | $-54.8M | $-8.3M | ||
| Q1 24 | $-63.5M | $-9.4M |
| Q4 25 | — | 90.8% | ||
| Q3 25 | 97.9% | 89.9% | ||
| Q2 25 | 99.1% | 89.4% | ||
| Q1 25 | 99.4% | 90.8% | ||
| Q4 24 | 99.6% | 89.8% | ||
| Q3 24 | 99.4% | 90.1% | ||
| Q2 24 | 99.5% | 90.0% | ||
| Q1 24 | 99.6% | 88.7% |
| Q4 25 | 42.1% | -42.0% | ||
| Q3 25 | -15.0% | -50.1% | ||
| Q2 25 | -65.0% | -50.0% | ||
| Q1 25 | -55.3% | -46.6% | ||
| Q4 24 | -96.5% | -45.9% | ||
| Q3 24 | -125.5% | -53.8% | ||
| Q2 24 | -128.4% | -51.1% | ||
| Q1 24 | -117.4% | -70.5% |
| Q4 25 | -31.0% | -42.2% | ||
| Q3 25 | 211.4% | -51.6% | ||
| Q2 25 | -116.8% | -55.3% | ||
| Q1 25 | -109.6% | -49.1% | ||
| Q4 24 | -174.4% | -53.0% | ||
| Q3 24 | -267.7% | -52.2% | ||
| Q2 24 | -233.1% | -57.2% | ||
| Q1 24 | -226.6% | -72.6% |
| Q4 25 | $0.09 | $-0.19 | ||
| Q3 25 | $1.94 | $-0.21 | ||
| Q2 25 | $-1.00 | $-0.22 | ||
| Q1 25 | $-1.03 | $-0.20 | ||
| Q4 24 | $-1.95 | $-0.19 | ||
| Q3 24 | $-3.08 | $-0.20 | ||
| Q2 24 | $-2.52 | $-0.22 | ||
| Q1 24 | $-3.04 | $-0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.0M | $33.9M |
| Total DebtLower is stronger | $44.7M | — |
| Stockholders' EquityBook value | $-271.1M | $-14.6M |
| Total Assets | $226.8M | $115.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $33.9M | ||
| Q3 25 | $3.5M | $39.0M | ||
| Q2 25 | $9.5M | $38.0M | ||
| Q1 25 | $18.5M | $42.3M | ||
| Q4 24 | $40.4M | $43.8M | ||
| Q3 24 | $44.8M | $48.7M | ||
| Q2 24 | $93.7M | $45.8M | ||
| Q1 24 | $52.9M | $44.8M |
| Q4 25 | $44.7M | — | ||
| Q3 25 | $34.2M | — | ||
| Q2 25 | $33.9M | — | ||
| Q1 25 | $33.6M | — | ||
| Q4 24 | $33.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-271.1M | $-14.6M | ||
| Q3 25 | $-274.1M | $-11.4M | ||
| Q2 25 | $-354.6M | $-7.5M | ||
| Q1 25 | $-341.8M | $-4.8M | ||
| Q4 24 | $-326.4M | $-1.2M | ||
| Q3 24 | $-292.3M | $2.2M | ||
| Q2 24 | $-241.3M | $5.3M | ||
| Q1 24 | $-201.4M | $9.5M |
| Q4 25 | $226.8M | $115.0M | ||
| Q3 25 | $233.9M | $107.7M | ||
| Q2 25 | $185.2M | $106.9M | ||
| Q1 25 | $200.2M | $98.3M | ||
| Q4 24 | $226.3M | $106.1M | ||
| Q3 24 | $238.5M | $97.7M | ||
| Q2 24 | $292.4M | $96.4M | ||
| Q1 24 | $256.6M | $101.4M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-16.6M | $3.2M |
| Free Cash FlowOCF − Capex | — | $3.0M |
| FCF MarginFCF / Revenue | — | 15.1% |
| Capex IntensityCapex / Revenue | 0.0% | 0.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $5.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.6M | $3.2M | ||
| Q3 25 | $-14.7M | $3.2M | ||
| Q2 25 | $-20.2M | $-2.5M | ||
| Q1 25 | $-25.6M | $2.9M | ||
| Q4 24 | $-28.7M | $-2.6M | ||
| Q3 24 | $-53.3M | $1.1M | ||
| Q2 24 | $-38.2M | $311.0K | ||
| Q1 24 | $-38.2M | $477.0K |
| Q4 25 | — | $3.0M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | $-20.2M | $-2.8M | ||
| Q1 25 | $-25.6M | $2.7M | ||
| Q4 24 | $-28.7M | $-2.7M | ||
| Q3 24 | $-53.3M | $1.1M | ||
| Q2 24 | $-38.6M | $264.0K | ||
| Q1 24 | $-38.2M | $281.0K |
| Q4 25 | — | 15.1% | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | -78.7% | -17.2% | ||
| Q1 25 | -106.5% | 16.2% | ||
| Q4 24 | -107.0% | -17.3% | ||
| Q3 24 | -212.2% | 7.4% | ||
| Q2 24 | -164.4% | 1.8% | ||
| Q1 24 | -136.5% | 2.2% |
| Q4 25 | 0.0% | 0.7% | ||
| Q3 25 | 0.0% | 4.1% | ||
| Q2 25 | 0.0% | 2.2% | ||
| Q1 25 | 0.0% | 1.1% | ||
| Q4 24 | 0.3% | 0.3% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | 2.0% | 0.3% | ||
| Q1 24 | 0.1% | 1.5% |
| Q4 25 | — | — | ||
| Q3 25 | -0.23× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AGEN
| Non Cash Royalty Revenue | $31.1M | 91% |
| Other | $3.2M | 9% |
AIP
| License And Maintenance | $17.5M | 87% |
| Variable Royalties And Other | $2.6M | 13% |
