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Side-by-side financial comparison of AGENUS INC (AGEN) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.

SANDRIDGE ENERGY INC is the larger business by last-quarter revenue ($39.4M vs $34.2M, roughly 1.2× AGENUS INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs -31.0%, a 86.0% gap on every dollar of revenue. On growth, AGENUS INC posted the faster year-over-year revenue change (27.5% vs 1.1%). Over the past eight quarters, SANDRIDGE ENERGY INC's revenue compounded faster (14.1% 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.

SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.

AGEN vs SD — Head-to-Head

Bigger by revenue
SD
SD
1.2× larger
SD
$39.4M
$34.2M
AGEN
Growing faster (revenue YoY)
AGEN
AGEN
+26.4% gap
AGEN
27.5%
1.1%
SD
Higher net margin
SD
SD
86.0% more per $
SD
54.9%
-31.0%
AGEN
Faster 2-yr revenue CAGR
SD
SD
Annualised
SD
14.1%
10.5%
AGEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AGEN
AGEN
SD
SD
Revenue
$34.2M
$39.4M
Net Profit
$-10.6M
$21.6M
Gross Margin
Operating Margin
42.1%
38.5%
Net Margin
-31.0%
54.9%
Revenue YoY
27.5%
1.1%
Net Profit YoY
77.3%
23.1%
EPS (diluted)
$0.09
$0.59

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
SD
SD
Q4 25
$34.2M
$39.4M
Q3 25
$30.2M
$39.8M
Q2 25
$25.7M
$34.5M
Q1 25
$24.1M
$42.6M
Q4 24
$26.8M
$39.0M
Q3 24
$25.1M
$30.1M
Q2 24
$23.5M
$26.0M
Q1 24
$28.0M
$30.3M
Net Profit
AGEN
AGEN
SD
SD
Q4 25
$-10.6M
$21.6M
Q3 25
$63.9M
$16.0M
Q2 25
$-30.0M
$19.6M
Q1 25
$-26.4M
$13.0M
Q4 24
$-46.8M
$17.6M
Q3 24
$-67.2M
$25.5M
Q2 24
$-54.8M
$8.8M
Q1 24
$-63.5M
$11.1M
Gross Margin
AGEN
AGEN
SD
SD
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
SD
SD
Q4 25
42.1%
38.5%
Q3 25
-15.0%
37.8%
Q2 25
-65.0%
53.7%
Q1 25
-55.3%
28.6%
Q4 24
-96.5%
25.9%
Q3 24
-125.5%
28.3%
Q2 24
-128.4%
23.9%
Q1 24
-117.4%
27.8%
Net Margin
AGEN
AGEN
SD
SD
Q4 25
-31.0%
54.9%
Q3 25
211.4%
40.1%
Q2 25
-116.8%
56.6%
Q1 25
-109.6%
30.6%
Q4 24
-174.4%
45.1%
Q3 24
-267.7%
84.8%
Q2 24
-233.1%
33.9%
Q1 24
-226.6%
36.7%
EPS (diluted)
AGEN
AGEN
SD
SD
Q4 25
$0.09
$0.59
Q3 25
$1.94
$0.43
Q2 25
$-1.00
$0.53
Q1 25
$-1.03
$0.35
Q4 24
$-1.95
$0.46
Q3 24
$-3.08
$0.69
Q2 24
$-2.52
$0.24
Q1 24
$-3.04
$0.30

Balance Sheet & Financial Strength

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

Metric
AGEN
AGEN
SD
SD
Cash + ST InvestmentsLiquidity on hand
$3.0M
$111.0M
Total DebtLower is stronger
$44.7M
Stockholders' EquityBook value
$-271.1M
$510.9M
Total Assets
$226.8M
$644.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGEN
AGEN
SD
SD
Q4 25
$3.0M
$111.0M
Q3 25
$3.5M
$101.2M
Q2 25
$9.5M
$102.8M
Q1 25
$18.5M
$99.7M
Q4 24
$40.4M
$98.1M
Q3 24
$44.8M
$92.7M
Q2 24
$93.7M
$209.9M
Q1 24
$52.9M
$207.0M
Total Debt
AGEN
AGEN
SD
SD
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
SD
SD
Q4 25
$-271.1M
$510.9M
Q3 25
$-274.1M
$492.4M
Q2 25
$-354.6M
$480.2M
Q1 25
$-341.8M
$464.9M
Q4 24
$-326.4M
$460.5M
Q3 24
$-292.3M
$446.8M
Q2 24
$-241.3M
$424.8M
Q1 24
$-201.4M
$419.7M
Total Assets
AGEN
AGEN
SD
SD
Q4 25
$226.8M
$644.0M
Q3 25
$233.9M
$619.0M
Q2 25
$185.2M
$602.3M
Q1 25
$200.2M
$588.3M
Q4 24
$226.3M
$581.5M
Q3 24
$238.5M
$565.2M
Q2 24
$292.4M
$529.6M
Q1 24
$256.6M
$527.4M

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
SD
SD
Operating Cash FlowLast quarter
$-16.6M
$31.7M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
36.6%
Capex IntensityCapex / Revenue
0.0%
43.8%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$41.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGEN
AGEN
SD
SD
Q4 25
$-16.6M
$31.7M
Q3 25
$-14.7M
$25.3M
Q2 25
$-20.2M
$22.9M
Q1 25
$-25.6M
$20.3M
Q4 24
$-28.7M
$26.0M
Q3 24
$-53.3M
$20.8M
Q2 24
$-38.2M
$11.4M
Q1 24
$-38.2M
$15.7M
Free Cash Flow
AGEN
AGEN
SD
SD
Q4 25
$14.4M
Q3 25
$5.9M
Q2 25
$-20.2M
$7.3M
Q1 25
$-25.6M
$13.9M
Q4 24
$-28.7M
$13.2M
Q3 24
$-53.3M
$10.8M
Q2 24
$-38.6M
$9.0M
Q1 24
$-38.2M
$14.6M
FCF Margin
AGEN
AGEN
SD
SD
Q4 25
36.6%
Q3 25
14.9%
Q2 25
-78.7%
21.0%
Q1 25
-106.5%
32.7%
Q4 24
-107.0%
33.8%
Q3 24
-212.2%
36.1%
Q2 24
-164.4%
34.5%
Q1 24
-136.5%
48.1%
Capex Intensity
AGEN
AGEN
SD
SD
Q4 25
0.0%
43.8%
Q3 25
0.0%
48.6%
Q2 25
0.0%
45.2%
Q1 25
0.0%
15.0%
Q4 24
0.3%
32.9%
Q3 24
0.0%
33.3%
Q2 24
2.0%
9.4%
Q1 24
0.1%
3.7%
Cash Conversion
AGEN
AGEN
SD
SD
Q4 25
1.46×
Q3 25
-0.23×
1.58×
Q2 25
1.17×
Q1 25
1.56×
Q4 24
1.48×
Q3 24
0.82×
Q2 24
1.30×
Q1 24
1.41×

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%

SD
SD

Oil Reserves$19.0M48%
Natural Gas Reserves$11.6M30%
Natural Gas Liquids Reserves$8.7M22%

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