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Side-by-side financial comparison of AGENUS INC (AGEN) and Aligos Therapeutics, Inc. (ALGS). Click either name above to swap in a different company.

AGENUS INC is the larger business by last-quarter revenue ($34.2M vs $169.0K, roughly 202.4× Aligos Therapeutics, Inc.). AGENUS INC runs the higher net margin — -31.0% vs -11763.9%, a 11732.9% gap on every dollar of revenue. On growth, AGENUS INC posted the faster year-over-year revenue change (27.5% vs -72.1%). Over the past eight quarters, AGENUS INC's revenue compounded faster (10.5% CAGR vs -50.7%).

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.

Aligos Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing novel targeted therapies for prevalent liver diseases and viral infections. Its core pipeline includes candidates for chronic hepatitis B, non-alcoholic steatohepatitis, and other liver-related disorders, advancing R&D to serve unmet global patient needs.

AGEN vs ALGS — Head-to-Head

Bigger by revenue
AGEN
AGEN
202.4× larger
AGEN
$34.2M
$169.0K
ALGS
Growing faster (revenue YoY)
AGEN
AGEN
+99.6% gap
AGEN
27.5%
-72.1%
ALGS
Higher net margin
AGEN
AGEN
11732.9% more per $
AGEN
-31.0%
-11763.9%
ALGS
Faster 2-yr revenue CAGR
AGEN
AGEN
Annualised
AGEN
10.5%
-50.7%
ALGS

Income Statement — Q4 2025 vs Q4 2025

Metric
AGEN
AGEN
ALGS
ALGS
Revenue
$34.2M
$169.0K
Net Profit
$-10.6M
$-19.9M
Gross Margin
Operating Margin
42.1%
-12907.7%
Net Margin
-31.0%
-11763.9%
Revenue YoY
27.5%
-72.1%
Net Profit YoY
77.3%
75.8%
EPS (diluted)
$0.09
$4.23

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.

Revenue
AGEN
AGEN
ALGS
ALGS
Q4 25
$34.2M
$169.0K
Q3 25
$30.2M
$741.0K
Q2 25
$25.7M
$965.0K
Q1 25
$24.1M
$311.0K
Q4 24
$26.8M
$606.0K
Q3 24
$25.1M
$1.3M
Q2 24
$23.5M
$1.1M
Q1 24
$28.0M
$694.0K
Net Profit
AGEN
AGEN
ALGS
ALGS
Q4 25
$-10.6M
$-19.9M
Q3 25
$63.9M
$-31.5M
Q2 25
$-30.0M
$-15.9M
Q1 25
$-26.4M
$43.1M
Q4 24
$-46.8M
$-82.2M
Q3 24
$-67.2M
$-19.3M
Q2 24
$-54.8M
$5.1M
Q1 24
$-63.5M
$-34.9M
Gross Margin
AGEN
AGEN
ALGS
ALGS
Q4 25
Q3 25
97.9%
Q2 25
99.1%
Q1 25
99.4%
Q4 24
99.6%
Q3 24
99.4%
Q2 24
99.5%
Q1 24
99.6%
Operating Margin
AGEN
AGEN
ALGS
ALGS
Q4 25
42.1%
-12907.7%
Q3 25
-15.0%
-3827.4%
Q2 25
-65.0%
-1924.0%
Q1 25
-55.3%
-6187.5%
Q4 24
-96.5%
-3393.2%
Q3 24
-125.5%
-1610.5%
Q2 24
-128.4%
-2489.5%
Q1 24
-117.4%
-3176.7%
Net Margin
AGEN
AGEN
ALGS
ALGS
Q4 25
-31.0%
-11763.9%
Q3 25
211.4%
-4256.0%
Q2 25
-116.8%
-1643.8%
Q1 25
-109.6%
13854.7%
Q4 24
-174.4%
-13556.1%
Q3 24
-267.7%
-1540.7%
Q2 24
-233.1%
477.0%
Q1 24
-226.6%
-5023.5%
EPS (diluted)
AGEN
AGEN
ALGS
ALGS
Q4 25
$0.09
$4.23
Q3 25
$1.94
$-3.04
Q2 25
$-1.00
$-1.53
Q1 25
$-1.03
$-2.11
Q4 24
$-1.95
$-13.10
Q3 24
$-3.08
$-3.07
Q2 24
$-2.52
$0.81
Q1 24
$-3.04
$-5.58

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AGEN
AGEN
ALGS
ALGS
Cash + ST InvestmentsLiquidity on hand
$3.0M
$77.8M
Total DebtLower is stronger
$44.7M
Stockholders' EquityBook value
$-271.1M
$53.5M
Total Assets
$226.8M
$88.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGEN
AGEN
ALGS
ALGS
Q4 25
$3.0M
$77.8M
Q3 25
$3.5M
$99.1M
Q2 25
$9.5M
$122.9M
Q1 25
$18.5M
$137.9M
Q4 24
$40.4M
$56.9M
Q3 24
$44.8M
$74.9M
Q2 24
$93.7M
$94.5M
Q1 24
$52.9M
$112.7M
Total Debt
AGEN
AGEN
ALGS
ALGS
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
Stockholders' Equity
AGEN
AGEN
ALGS
ALGS
Q4 25
$-271.1M
$53.5M
Q3 25
$-274.1M
$71.8M
Q2 25
$-354.6M
$101.9M
Q1 25
$-341.8M
$116.4M
Q4 24
$-326.4M
$-29.0M
Q3 24
$-292.3M
$50.1M
Q2 24
$-241.3M
$67.2M
Q1 24
$-201.4M
$59.8M
Total Assets
AGEN
AGEN
ALGS
ALGS
Q4 25
$226.8M
$88.5M
Q3 25
$233.9M
$109.8M
Q2 25
$185.2M
$134.7M
Q1 25
$200.2M
$150.7M
Q4 24
$226.3M
$70.1M
Q3 24
$238.5M
$88.4M
Q2 24
$292.4M
$108.8M
Q1 24
$256.6M
$127.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AGEN
AGEN
ALGS
ALGS
Operating Cash FlowLast quarter
$-16.6M
$-21.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGEN
AGEN
ALGS
ALGS
Q4 25
$-16.6M
$-21.7M
Q3 25
$-14.7M
$-24.3M
Q2 25
$-20.2M
$-15.5M
Q1 25
$-25.6M
$-20.9M
Q4 24
$-28.7M
$-18.4M
Q3 24
$-53.3M
$-20.1M
Q2 24
$-38.2M
$-19.5M
Q1 24
$-38.2M
$-22.7M
Free Cash Flow
AGEN
AGEN
ALGS
ALGS
Q4 25
Q3 25
Q2 25
$-20.2M
Q1 25
$-25.6M
Q4 24
$-28.7M
Q3 24
$-53.3M
Q2 24
$-38.6M
Q1 24
$-38.2M
FCF Margin
AGEN
AGEN
ALGS
ALGS
Q4 25
Q3 25
Q2 25
-78.7%
Q1 25
-106.5%
Q4 24
-107.0%
Q3 24
-212.2%
Q2 24
-164.4%
Q1 24
-136.5%
Capex Intensity
AGEN
AGEN
ALGS
ALGS
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.3%
Q3 24
0.0%
Q2 24
2.0%
Q1 24
0.1%
Cash Conversion
AGEN
AGEN
ALGS
ALGS
Q4 25
Q3 25
-0.23×
Q2 25
Q1 25
-0.49×
Q4 24
Q3 24
Q2 24
-3.85×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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