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Side-by-side financial comparison of AGENUS INC (AGEN) and FIVE STAR BANCORP (FSBC). Click either name above to swap in a different company.

FIVE STAR BANCORP is the larger business by last-quarter revenue ($45.1M vs $34.2M, roughly 1.3× AGENUS INC). FIVE STAR BANCORP runs the higher net margin — 41.3% vs -31.0%, a 72.3% gap on every dollar of revenue. Over the past eight quarters, FIVE STAR BANCORP's revenue compounded faster (21.3% 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.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

AGEN vs FSBC — Head-to-Head

Bigger by revenue
FSBC
FSBC
1.3× larger
FSBC
$45.1M
$34.2M
AGEN
Higher net margin
FSBC
FSBC
72.3% more per $
FSBC
41.3%
-31.0%
AGEN
Faster 2-yr revenue CAGR
FSBC
FSBC
Annualised
FSBC
21.3%
10.5%
AGEN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AGEN
AGEN
FSBC
FSBC
Revenue
$34.2M
$45.1M
Net Profit
$-10.6M
$18.6M
Gross Margin
Operating Margin
42.1%
Net Margin
-31.0%
41.3%
Revenue YoY
27.5%
Net Profit YoY
77.3%
42.0%
EPS (diluted)
$0.09
$0.87

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
FSBC
FSBC
Q1 26
$45.1M
Q4 25
$34.2M
$43.5M
Q3 25
$30.2M
$41.3M
Q2 25
$25.7M
$38.3M
Q1 25
$24.1M
$35.3M
Q4 24
$26.8M
$35.2M
Q3 24
$25.1M
$31.8M
Q2 24
$23.5M
$30.7M
Net Profit
AGEN
AGEN
FSBC
FSBC
Q1 26
$18.6M
Q4 25
$-10.6M
$17.6M
Q3 25
$63.9M
$16.3M
Q2 25
$-30.0M
$14.5M
Q1 25
$-26.4M
$13.1M
Q4 24
$-46.8M
$13.3M
Q3 24
$-67.2M
$10.9M
Q2 24
$-54.8M
$10.8M
Gross Margin
AGEN
AGEN
FSBC
FSBC
Q1 26
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%
Operating Margin
AGEN
AGEN
FSBC
FSBC
Q1 26
Q4 25
42.1%
52.9%
Q3 25
-15.0%
53.8%
Q2 25
-65.0%
52.4%
Q1 25
-55.3%
52.0%
Q4 24
-96.5%
55.1%
Q3 24
-125.5%
48.0%
Q2 24
-128.4%
49.4%
Net Margin
AGEN
AGEN
FSBC
FSBC
Q1 26
41.3%
Q4 25
-31.0%
40.6%
Q3 25
211.4%
39.6%
Q2 25
-116.8%
37.9%
Q1 25
-109.6%
37.1%
Q4 24
-174.4%
37.9%
Q3 24
-267.7%
34.4%
Q2 24
-233.1%
35.2%
EPS (diluted)
AGEN
AGEN
FSBC
FSBC
Q1 26
$0.87
Q4 25
$0.09
$0.83
Q3 25
$1.94
$0.77
Q2 25
$-1.00
$0.68
Q1 25
$-1.03
$0.62
Q4 24
$-1.95
$0.61
Q3 24
$-3.08
$0.52
Q2 24
$-2.52
$0.51

Balance Sheet & Financial Strength

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

Metric
AGEN
AGEN
FSBC
FSBC
Cash + ST InvestmentsLiquidity on hand
$3.0M
$644.4M
Total DebtLower is stronger
$44.7M
Stockholders' EquityBook value
$-271.1M
$458.5M
Total Assets
$226.8M
$5.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGEN
AGEN
FSBC
FSBC
Q1 26
$644.4M
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
Total Debt
AGEN
AGEN
FSBC
FSBC
Q1 26
Q4 25
$44.7M
Q3 25
$34.2M
Q2 25
$33.9M
Q1 25
$33.6M
Q4 24
$33.2M
Q3 24
Q2 24
Stockholders' Equity
AGEN
AGEN
FSBC
FSBC
Q1 26
$458.5M
Q4 25
$-271.1M
$445.8M
Q3 25
$-274.1M
$431.3M
Q2 25
$-354.6M
$416.7M
Q1 25
$-341.8M
$406.5M
Q4 24
$-326.4M
$396.6M
Q3 24
$-292.3M
$389.9M
Q2 24
$-241.3M
$380.5M
Total Assets
AGEN
AGEN
FSBC
FSBC
Q1 26
$5.0B
Q4 25
$226.8M
$4.8B
Q3 25
$233.9M
$4.6B
Q2 25
$185.2M
$4.4B
Q1 25
$200.2M
$4.2B
Q4 24
$226.3M
$4.1B
Q3 24
$238.5M
$3.9B
Q2 24
$292.4M
$3.6B

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
FSBC
FSBC
Operating Cash FlowLast quarter
$-16.6M
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
FSBC
FSBC
Q1 26
Q4 25
$-16.6M
$72.6M
Q3 25
$-14.7M
$18.8M
Q2 25
$-20.2M
$17.8M
Q1 25
$-25.6M
$15.5M
Q4 24
$-28.7M
$51.8M
Q3 24
$-53.3M
$17.5M
Q2 24
$-38.2M
$16.0M
Free Cash Flow
AGEN
AGEN
FSBC
FSBC
Q1 26
Q4 25
$71.4M
Q3 25
$18.6M
Q2 25
$-20.2M
$17.5M
Q1 25
$-25.6M
$15.4M
Q4 24
$-28.7M
$51.2M
Q3 24
$-53.3M
$17.3M
Q2 24
$-38.6M
$15.8M
FCF Margin
AGEN
AGEN
FSBC
FSBC
Q1 26
Q4 25
164.3%
Q3 25
45.0%
Q2 25
-78.7%
45.8%
Q1 25
-106.5%
43.5%
Q4 24
-107.0%
145.5%
Q3 24
-212.2%
54.5%
Q2 24
-164.4%
51.6%
Capex Intensity
AGEN
AGEN
FSBC
FSBC
Q1 26
Q4 25
0.0%
2.8%
Q3 25
0.0%
0.5%
Q2 25
0.0%
0.6%
Q1 25
0.0%
0.3%
Q4 24
0.3%
1.8%
Q3 24
0.0%
0.7%
Q2 24
2.0%
0.7%
Cash Conversion
AGEN
AGEN
FSBC
FSBC
Q1 26
Q4 25
4.12×
Q3 25
-0.23×
1.15×
Q2 25
1.23×
Q1 25
1.18×
Q4 24
3.89×
Q3 24
1.60×
Q2 24
1.49×

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%

FSBC
FSBC

Net Interest Income$43.5M96%
Noninterest Income$1.6M4%

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