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

AGENUS INC is the larger business by last-quarter revenue ($34.2M vs $25.8M, roughly 1.3× First Bancorp, Inc). First Bancorp, Inc runs the higher net margin — 39.4% vs -31.0%, a 70.4% gap on every dollar of revenue. On growth, AGENUS INC posted the faster year-over-year revenue change (27.5% vs 17.5%). Over the past eight quarters, First Bancorp, Inc's revenue compounded faster (18.1% 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.

Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.

AGEN vs FNLC — Head-to-Head

Bigger by revenue
AGEN
AGEN
1.3× larger
AGEN
$34.2M
$25.8M
FNLC
Growing faster (revenue YoY)
AGEN
AGEN
+9.9% gap
AGEN
27.5%
17.5%
FNLC
Higher net margin
FNLC
FNLC
70.4% more per $
FNLC
39.4%
-31.0%
AGEN
Faster 2-yr revenue CAGR
FNLC
FNLC
Annualised
FNLC
18.1%
10.5%
AGEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AGEN
AGEN
FNLC
FNLC
Revenue
$34.2M
$25.8M
Net Profit
$-10.6M
$10.2M
Gross Margin
Operating Margin
42.1%
48.1%
Net Margin
-31.0%
39.4%
Revenue YoY
27.5%
17.5%
Net Profit YoY
77.3%
39.7%
EPS (diluted)
$0.09
$0.91

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
FNLC
FNLC
Q4 25
$34.2M
$25.8M
Q3 25
$30.2M
$24.5M
Q2 25
$25.7M
$22.5M
Q1 25
$24.1M
$21.8M
Q4 24
$26.8M
$22.0M
Q3 24
$25.1M
$20.5M
Q2 24
$23.5M
$19.2M
Q1 24
$28.0M
$18.5M
Net Profit
AGEN
AGEN
FNLC
FNLC
Q4 25
$-10.6M
$10.2M
Q3 25
$63.9M
$9.1M
Q2 25
$-30.0M
$8.1M
Q1 25
$-26.4M
$7.1M
Q4 24
$-46.8M
$7.3M
Q3 24
$-67.2M
$7.6M
Q2 24
$-54.8M
$6.2M
Q1 24
$-63.5M
$6.0M
Gross Margin
AGEN
AGEN
FNLC
FNLC
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
FNLC
FNLC
Q4 25
42.1%
48.1%
Q3 25
-15.0%
45.2%
Q2 25
-65.0%
43.7%
Q1 25
-55.3%
39.3%
Q4 24
-96.5%
39.5%
Q3 24
-125.5%
44.6%
Q2 24
-128.4%
38.8%
Q1 24
-117.4%
39.3%
Net Margin
AGEN
AGEN
FNLC
FNLC
Q4 25
-31.0%
39.4%
Q3 25
211.4%
37.0%
Q2 25
-116.8%
35.8%
Q1 25
-109.6%
32.5%
Q4 24
-174.4%
33.1%
Q3 24
-267.7%
36.9%
Q2 24
-233.1%
32.1%
Q1 24
-226.6%
32.5%
EPS (diluted)
AGEN
AGEN
FNLC
FNLC
Q4 25
$0.09
$0.91
Q3 25
$1.94
$0.81
Q2 25
$-1.00
$0.72
Q1 25
$-1.03
$0.63
Q4 24
$-1.95
$0.66
Q3 24
$-3.08
$0.68
Q2 24
$-2.52
$0.55
Q1 24
$-3.04
$0.54

Balance Sheet & Financial Strength

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

Metric
AGEN
AGEN
FNLC
FNLC
Cash + ST InvestmentsLiquidity on hand
$3.0M
Total DebtLower is stronger
$44.7M
$95.5M
Stockholders' EquityBook value
$-271.1M
$283.1M
Total Assets
$226.8M
$3.2B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGEN
AGEN
FNLC
FNLC
Q4 25
$3.0M
Q3 25
$3.5M
Q2 25
$9.5M
Q1 25
$18.5M
Q4 24
$40.4M
Q3 24
$44.8M
Q2 24
$93.7M
Q1 24
$52.9M
Total Debt
AGEN
AGEN
FNLC
FNLC
Q4 25
$44.7M
$95.5M
Q3 25
$34.2M
$95.5M
Q2 25
$33.9M
$95.0M
Q1 25
$33.6M
$70.0M
Q4 24
$33.2M
$95.0M
Q3 24
$95.0M
Q2 24
$70.0M
Q1 24
$70.0M
Stockholders' Equity
AGEN
AGEN
FNLC
FNLC
Q4 25
$-271.1M
$283.1M
Q3 25
$-274.1M
$274.6M
Q2 25
$-354.6M
$265.5M
Q1 25
$-341.8M
$259.7M
Q4 24
$-326.4M
$252.5M
Q3 24
$-292.3M
$256.8M
Q2 24
$-241.3M
$244.7M
Q1 24
$-201.4M
$242.6M
Total Assets
AGEN
AGEN
FNLC
FNLC
Q4 25
$226.8M
$3.2B
Q3 25
$233.9M
$3.2B
Q2 25
$185.2M
$3.2B
Q1 25
$200.2M
$3.2B
Q4 24
$226.3M
$3.2B
Q3 24
$238.5M
$3.1B
Q2 24
$292.4M
$3.1B
Q1 24
$256.6M
$3.0B
Debt / Equity
AGEN
AGEN
FNLC
FNLC
Q4 25
0.34×
Q3 25
0.35×
Q2 25
0.36×
Q1 25
0.27×
Q4 24
0.38×
Q3 24
0.37×
Q2 24
0.29×
Q1 24
0.29×

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
FNLC
FNLC
Operating Cash FlowLast quarter
$-16.6M
$37.8M
Free Cash FlowOCF − Capex
$34.6M
FCF MarginFCF / Revenue
133.9%
Capex IntensityCapex / Revenue
0.0%
12.5%
Cash ConversionOCF / Net Profit
3.72×
TTM Free Cash FlowTrailing 4 quarters
$55.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGEN
AGEN
FNLC
FNLC
Q4 25
$-16.6M
$37.8M
Q3 25
$-14.7M
$12.9M
Q2 25
$-20.2M
$7.4M
Q1 25
$-25.6M
$2.2M
Q4 24
$-28.7M
$26.0M
Q3 24
$-53.3M
$9.8M
Q2 24
$-38.2M
$6.4M
Q1 24
$-38.2M
$-1.5M
Free Cash Flow
AGEN
AGEN
FNLC
FNLC
Q4 25
$34.6M
Q3 25
$12.6M
Q2 25
$-20.2M
$7.2M
Q1 25
$-25.6M
$828.0K
Q4 24
$-28.7M
$24.6M
Q3 24
$-53.3M
$9.6M
Q2 24
$-38.6M
$6.3M
Q1 24
$-38.2M
$-1.8M
FCF Margin
AGEN
AGEN
FNLC
FNLC
Q4 25
133.9%
Q3 25
51.4%
Q2 25
-78.7%
32.1%
Q1 25
-106.5%
3.8%
Q4 24
-107.0%
111.7%
Q3 24
-212.2%
47.0%
Q2 24
-164.4%
32.9%
Q1 24
-136.5%
-9.8%
Capex Intensity
AGEN
AGEN
FNLC
FNLC
Q4 25
0.0%
12.5%
Q3 25
0.0%
1.2%
Q2 25
0.0%
0.6%
Q1 25
0.0%
6.2%
Q4 24
0.3%
6.7%
Q3 24
0.0%
0.5%
Q2 24
2.0%
0.3%
Q1 24
0.1%
1.8%
Cash Conversion
AGEN
AGEN
FNLC
FNLC
Q4 25
3.72×
Q3 25
-0.23×
1.42×
Q2 25
0.91×
Q1 25
0.31×
Q4 24
3.58×
Q3 24
1.29×
Q2 24
1.03×
Q1 24
-0.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AGEN
AGEN

Non Cash Royalty Revenue$31.1M91%
Other$3.2M9%

FNLC
FNLC

Segment breakdown not available.

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