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Side-by-side financial comparison of AGENUS INC (AGEN) and CBAK Energy Technology, Inc. (CBAT). Click either name above to swap in a different company.
CBAK Energy Technology, Inc. is the larger business by last-quarter revenue ($58.8M vs $34.2M, roughly 1.7× AGENUS INC). CBAK Energy Technology, Inc. runs the higher net margin — -12.5% vs -31.0%, a 18.5% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 27.5%). Over the past eight quarters, AGENUS INC's revenue compounded faster (10.5% CAGR vs -0.0%).
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.
CBAK Energy Technology, Inc. is a global supplier of lithium-ion battery products including high-performance cells, modules and battery packs. It serves key segments such as electric vehicles, stationary energy storage systems and consumer electronics, with core operations in China and a worldwide customer base.
AGEN vs CBAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.2M | $58.8M |
| Net Profit | $-10.6M | $-7.4M |
| Gross Margin | — | 7.3% |
| Operating Margin | 42.1% | -13.6% |
| Net Margin | -31.0% | -12.5% |
| Revenue YoY | 27.5% | 131.8% |
| Net Profit YoY | 77.3% | -63.6% |
| EPS (diluted) | $0.09 | $-0.08 |
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 | $58.8M | ||
| Q3 25 | $30.2M | $60.9M | ||
| Q2 25 | $25.7M | $40.5M | ||
| Q1 25 | $24.1M | $34.9M | ||
| Q4 24 | $26.8M | $25.4M | ||
| Q3 24 | $25.1M | $44.6M | ||
| Q2 24 | $23.5M | $47.8M | ||
| Q1 24 | $28.0M | $58.8M |
| Q4 25 | $-10.6M | $-7.4M | ||
| Q3 25 | $63.9M | $2.7M | ||
| Q2 25 | $-30.0M | $-3.1M | ||
| Q1 25 | $-26.4M | $-1.6M | ||
| Q4 24 | $-46.8M | $-4.5M | ||
| Q3 24 | $-67.2M | $17.6K | ||
| Q2 24 | $-54.8M | $6.4M | ||
| Q1 24 | $-63.5M | $9.8M |
| Q4 25 | — | 7.3% | ||
| Q3 25 | 97.9% | 8.0% | ||
| Q2 25 | 99.1% | 11.0% | ||
| Q1 25 | 99.4% | 13.7% | ||
| Q4 24 | 99.6% | 13.1% | ||
| Q3 24 | 99.4% | 15.6% | ||
| Q2 24 | 99.5% | 26.6% | ||
| Q1 24 | 99.6% | 31.9% |
| Q4 25 | 42.1% | -13.6% | ||
| Q3 25 | -15.0% | -6.6% | ||
| Q2 25 | -65.0% | -8.7% | ||
| Q1 25 | -55.3% | -8.2% | ||
| Q4 24 | -96.5% | -26.0% | ||
| Q3 24 | -125.5% | -1.9% | ||
| Q2 24 | -128.4% | 12.4% | ||
| Q1 24 | -117.4% | 17.4% |
| Q4 25 | -31.0% | -12.5% | ||
| Q3 25 | 211.4% | 4.4% | ||
| Q2 25 | -116.8% | -7.6% | ||
| Q1 25 | -109.6% | -4.5% | ||
| Q4 24 | -174.4% | -17.8% | ||
| Q3 24 | -267.7% | 0.0% | ||
| Q2 24 | -233.1% | 13.5% | ||
| Q1 24 | -226.6% | 16.7% |
| Q4 25 | $0.09 | $-0.08 | ||
| Q3 25 | $1.94 | $0.03 | ||
| Q2 25 | $-1.00 | $-0.03 | ||
| Q1 25 | $-1.03 | $-0.02 | ||
| Q4 24 | $-1.95 | $-0.05 | ||
| Q3 24 | $-3.08 | $0.00 | ||
| Q2 24 | $-2.52 | $0.07 | ||
| Q1 24 | $-3.04 | $0.11 |
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 | $8.3M |
| Total DebtLower is stronger | $44.7M | $4.1M |
| Stockholders' EquityBook value | $-271.1M | $112.7M |
| Total Assets | $226.8M | $426.2M |
| Debt / EquityLower = less leverage | — | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $8.3M | ||
| Q3 25 | $3.5M | $10.5M | ||
| Q2 25 | $9.5M | $45.7M | ||
| Q1 25 | $18.5M | $9.6M | ||
| Q4 24 | $40.4M | $11.0M | ||
| Q3 24 | $44.8M | $24.2M | ||
| Q2 24 | $93.7M | $44.1M | ||
| Q1 24 | $52.9M | $23.8M |
| Q4 25 | $44.7M | $4.1M | ||
| Q3 25 | $34.2M | $4.8M | ||
| Q2 25 | $33.9M | $4.9M | ||
| Q1 25 | $33.6M | $4.1M | ||
| Q4 24 | $33.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-271.1M | $112.7M | ||
| Q3 25 | $-274.1M | $121.4M | ||
| Q2 25 | $-354.6M | $118.2M | ||
| Q1 25 | $-341.8M | $120.8M | ||
| Q4 24 | $-326.4M | $121.7M | ||
| Q3 24 | $-292.3M | $131.2M | ||
| Q2 24 | $-241.3M | $126.6M | ||
| Q1 24 | $-201.4M | $120.9M |
| Q4 25 | $226.8M | $426.2M | ||
| Q3 25 | $233.9M | $363.9M | ||
| Q2 25 | $185.2M | $333.1M | ||
| Q1 25 | $200.2M | $311.5M | ||
| Q4 24 | $226.3M | $302.2M | ||
| Q3 24 | $238.5M | $293.5M | ||
| Q2 24 | $292.4M | $279.6M | ||
| Q1 24 | $256.6M | $286.5M |
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $29.8M |
| Free Cash FlowOCF − Capex | — | $16.1M |
| FCF MarginFCF / Revenue | — | 27.3% |
| Capex IntensityCapex / Revenue | 0.0% | 23.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.6M | $29.8M | ||
| Q3 25 | $-14.7M | $14.6M | ||
| Q2 25 | $-20.2M | $13.8M | ||
| Q1 25 | $-25.6M | $-9.6M | ||
| Q4 24 | $-28.7M | $9.6M | ||
| Q3 24 | $-53.3M | $19.7M | ||
| Q2 24 | $-38.2M | $2.9M | ||
| Q1 24 | $-38.2M | $7.4M |
| Q4 25 | — | $16.1M | ||
| Q3 25 | — | $6.0M | ||
| Q2 25 | $-20.2M | $4.1M | ||
| Q1 25 | $-25.6M | $-22.3M | ||
| Q4 24 | $-28.7M | $3.9M | ||
| Q3 24 | $-53.3M | $16.5M | ||
| Q2 24 | $-38.6M | $2.5M | ||
| Q1 24 | $-38.2M | $-454.0K |
| Q4 25 | — | 27.3% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | -78.7% | 10.2% | ||
| Q1 25 | -106.5% | -63.9% | ||
| Q4 24 | -107.0% | 15.5% | ||
| Q3 24 | -212.2% | 37.1% | ||
| Q2 24 | -164.4% | 5.2% | ||
| Q1 24 | -136.5% | -0.8% |
| Q4 25 | 0.0% | 23.4% | ||
| Q3 25 | 0.0% | 14.1% | ||
| Q2 25 | 0.0% | 23.8% | ||
| Q1 25 | 0.0% | 36.3% | ||
| Q4 24 | 0.3% | 22.5% | ||
| Q3 24 | 0.0% | 7.0% | ||
| Q2 24 | 2.0% | 0.9% | ||
| Q1 24 | 0.1% | 13.4% |
| Q4 25 | — | — | ||
| Q3 25 | -0.23× | 5.51× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1115.72× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.76× |
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% |
CBAT
| Manufacturing Lithium Batteries | $28.0M | 48% |
| Residential Energy Supply And Uninterruptable Supplies | $17.8M | 30% |
| Light Electric Vehicles | $12.9M | 22% |
| Precursor | $108.0K | 0% |
