vs
Side-by-side financial comparison of AGENUS INC (AGEN) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $34.2M, roughly 1.1× AGENUS INC). SmartRent, Inc. runs the higher net margin — -8.9% vs -31.0%, a 22.1% gap on every dollar of revenue. On growth, AGENUS INC posted the faster year-over-year revenue change (27.5% vs 3.1%). Over the past eight quarters, AGENUS INC's revenue compounded faster (10.5% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
AGEN vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.2M | $36.5M |
| Net Profit | $-10.6M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | 42.1% | -10.9% |
| Net Margin | -31.0% | -8.9% |
| Revenue YoY | 27.5% | 3.1% |
| Net Profit YoY | 77.3% | 71.6% |
| EPS (diluted) | $0.09 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $30.2M | $36.2M | ||
| Q2 25 | $25.7M | $38.3M | ||
| Q1 25 | $24.1M | $41.3M | ||
| Q4 24 | $26.8M | $35.4M | ||
| Q3 24 | $25.1M | $40.5M | ||
| Q2 24 | $23.5M | $48.5M | ||
| Q1 24 | $28.0M | $50.5M |
| Q4 25 | $-10.6M | $-3.2M | ||
| Q3 25 | $63.9M | $-6.3M | ||
| Q2 25 | $-30.0M | $-10.9M | ||
| Q1 25 | $-26.4M | $-40.2M | ||
| Q4 24 | $-46.8M | $-11.4M | ||
| Q3 24 | $-67.2M | $-9.9M | ||
| Q2 24 | $-54.8M | $-4.6M | ||
| Q1 24 | $-63.5M | $-7.7M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | 97.9% | 26.4% | ||
| Q2 25 | 99.1% | 33.1% | ||
| Q1 25 | 99.4% | 32.8% | ||
| Q4 24 | 99.6% | 28.7% | ||
| Q3 24 | 99.4% | 33.2% | ||
| Q2 24 | 99.5% | 35.7% | ||
| Q1 24 | 99.6% | 38.5% |
| Q4 25 | 42.1% | -10.9% | ||
| Q3 25 | -15.0% | -19.4% | ||
| Q2 25 | -65.0% | -30.5% | ||
| Q1 25 | -55.3% | -99.9% | ||
| Q4 24 | -96.5% | -36.6% | ||
| Q3 24 | -125.5% | -29.0% | ||
| Q2 24 | -128.4% | -14.3% | ||
| Q1 24 | -117.4% | -20.1% |
| Q4 25 | -31.0% | -8.9% | ||
| Q3 25 | 211.4% | -17.3% | ||
| Q2 25 | -116.8% | -28.3% | ||
| Q1 25 | -109.6% | -97.2% | ||
| Q4 24 | -174.4% | -32.3% | ||
| Q3 24 | -267.7% | -24.5% | ||
| Q2 24 | -233.1% | -9.5% | ||
| Q1 24 | -226.6% | -15.2% |
| Q4 25 | $0.09 | $-0.02 | ||
| Q3 25 | $1.94 | $-0.03 | ||
| Q2 25 | $-1.00 | $-0.06 | ||
| Q1 25 | $-1.03 | $-0.21 | ||
| Q4 24 | $-1.95 | $-0.06 | ||
| Q3 24 | $-3.08 | $-0.05 | ||
| Q2 24 | $-2.52 | $-0.02 | ||
| Q1 24 | $-3.04 | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | $44.7M | — |
| Stockholders' EquityBook value | $-271.1M | $232.1M |
| Total Assets | $226.8M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $104.5M | ||
| Q3 25 | $3.5M | $100.0M | ||
| Q2 25 | $9.5M | $105.0M | ||
| Q1 25 | $18.5M | $125.6M | ||
| Q4 24 | $40.4M | $142.5M | ||
| Q3 24 | $44.8M | $163.4M | ||
| Q2 24 | $93.7M | $187.4M | ||
| Q1 24 | $52.9M | $204.7M |
| 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 | — | — |
| Q4 25 | $-271.1M | $232.1M | ||
| Q3 25 | $-274.1M | $234.4M | ||
| Q2 25 | $-354.6M | $238.8M | ||
| Q1 25 | $-341.8M | $250.7M | ||
| Q4 24 | $-326.4M | $289.4M | ||
| Q3 24 | $-292.3M | $305.1M | ||
| Q2 24 | $-241.3M | $329.4M | ||
| Q1 24 | $-201.4M | $333.1M |
| Q4 25 | $226.8M | $320.9M | ||
| Q3 25 | $233.9M | $335.8M | ||
| Q2 25 | $185.2M | $354.0M | ||
| Q1 25 | $200.2M | $366.1M | ||
| Q4 24 | $226.3M | $420.2M | ||
| Q3 24 | $238.5M | $448.6M | ||
| Q2 24 | $292.4M | $475.3M | ||
| Q1 24 | $256.6M | $485.5M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.7M |
| FCF MarginFCF / Revenue | — | 21.0% |
| Capex IntensityCapex / Revenue | 0.0% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.6M | $7.7M | ||
| Q3 25 | $-14.7M | $-2.1M | ||
| Q2 25 | $-20.2M | $-14.9M | ||
| Q1 25 | $-25.6M | $-12.2M | ||
| Q4 24 | $-28.7M | $-12.0M | ||
| Q3 24 | $-53.3M | $-3.7M | ||
| Q2 24 | $-38.2M | $-13.9M | ||
| Q1 24 | $-38.2M | $-3.3M |
| Q4 25 | — | $7.7M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | $-20.2M | $-16.2M | ||
| Q1 25 | $-25.6M | $-14.3M | ||
| Q4 24 | $-28.7M | $-13.3M | ||
| Q3 24 | $-53.3M | $-3.9M | ||
| Q2 24 | $-38.6M | $-14.1M | ||
| Q1 24 | $-38.2M | $-3.4M |
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | -78.7% | -42.3% | ||
| Q1 25 | -106.5% | -34.7% | ||
| Q4 24 | -107.0% | -37.5% | ||
| Q3 24 | -212.2% | -9.7% | ||
| Q2 24 | -164.4% | -29.1% | ||
| Q1 24 | -136.5% | -6.7% |
| Q4 25 | 0.0% | 0.0% | ||
| Q3 25 | 0.0% | 0.2% | ||
| Q2 25 | 0.0% | 3.3% | ||
| Q1 25 | 0.0% | 5.3% | ||
| Q4 24 | 0.3% | 3.5% | ||
| Q3 24 | 0.0% | 0.6% | ||
| Q2 24 | 2.0% | 0.5% | ||
| Q1 24 | 0.1% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | -0.23× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
