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

AGENUS INC is the larger business by last-quarter revenue ($34.2M vs $25.1M, roughly 1.4× Snail, Inc.). Snail, Inc. runs the higher net margin — -3.4% vs -31.0%, a 27.6% gap on every dollar of revenue. On growth, AGENUS INC posted the faster year-over-year revenue change (27.5% vs -4.2%). Over the past eight quarters, Snail, Inc.'s revenue compounded faster (33.4% 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.

Suzhou Snail Digital Technology Co., Ltd., doing business as Snail, is a Chinese video game company and a Virtual Network Operator headquartered in Suzhou, China, which has branches Snail Games and Snail Mobile. Its division, Snail USA, markets Snail Games products in North America, South America, & Europe. Snail Games products include massively multiplayer online (MMOs), real-time strategy (RTS), and casual games. Its global registered user base has reached over 70 million accounts. The U.S....

AGEN vs SNAL — Head-to-Head

Bigger by revenue
AGEN
AGEN
1.4× larger
AGEN
$34.2M
$25.1M
SNAL
Growing faster (revenue YoY)
AGEN
AGEN
+31.7% gap
AGEN
27.5%
-4.2%
SNAL
Higher net margin
SNAL
SNAL
27.6% more per $
SNAL
-3.4%
-31.0%
AGEN
Faster 2-yr revenue CAGR
SNAL
SNAL
Annualised
SNAL
33.4%
10.5%
AGEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AGEN
AGEN
SNAL
SNAL
Revenue
$34.2M
$25.1M
Net Profit
$-10.6M
$-862.2K
Gross Margin
38.3%
Operating Margin
42.1%
-6.0%
Net Margin
-31.0%
-3.4%
Revenue YoY
27.5%
-4.2%
Net Profit YoY
77.3%
-177.0%
EPS (diluted)
$0.09

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
SNAL
SNAL
Q4 25
$34.2M
$25.1M
Q3 25
$30.2M
$13.8M
Q2 25
$25.7M
$22.2M
Q1 25
$24.1M
$20.1M
Q4 24
$26.8M
$26.2M
Q3 24
$25.1M
$22.5M
Q2 24
$23.5M
$21.6M
Q1 24
$28.0M
$14.1M
Net Profit
AGEN
AGEN
SNAL
SNAL
Q4 25
$-10.6M
$-862.2K
Q3 25
$63.9M
$-7.9M
Q2 25
$-30.0M
$-16.6M
Q1 25
$-26.4M
$-1.9M
Q4 24
$-46.8M
$1.1M
Q3 24
$-67.2M
$235.1K
Q2 24
$-54.8M
$2.3M
Q1 24
$-63.5M
$-1.8M
Gross Margin
AGEN
AGEN
SNAL
SNAL
Q4 25
38.3%
Q3 25
97.9%
0.1%
Q2 25
99.1%
31.3%
Q1 25
99.4%
29.1%
Q4 24
99.6%
43.3%
Q3 24
99.4%
38.6%
Q2 24
99.5%
37.5%
Q1 24
99.6%
14.7%
Operating Margin
AGEN
AGEN
SNAL
SNAL
Q4 25
42.1%
-6.0%
Q3 25
-15.0%
-71.3%
Q2 25
-65.0%
-8.2%
Q1 25
-55.3%
-20.4%
Q4 24
-96.5%
11.5%
Q3 24
-125.5%
1.8%
Q2 24
-128.4%
12.4%
Q1 24
-117.4%
-15.6%
Net Margin
AGEN
AGEN
SNAL
SNAL
Q4 25
-31.0%
-3.4%
Q3 25
211.4%
-56.9%
Q2 25
-116.8%
-74.7%
Q1 25
-109.6%
-9.7%
Q4 24
-174.4%
4.3%
Q3 24
-267.7%
1.0%
Q2 24
-233.1%
10.4%
Q1 24
-226.6%
-12.6%
EPS (diluted)
AGEN
AGEN
SNAL
SNAL
Q4 25
$0.09
Q3 25
$1.94
Q2 25
$-1.00
$-0.44
Q1 25
$-1.03
$-0.06
Q4 24
$-1.95
$0.03
Q3 24
$-3.08
$0.01
Q2 24
$-2.52
$0.06
Q1 24
$-3.04
$-0.05

Balance Sheet & Financial Strength

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

Metric
AGEN
AGEN
SNAL
SNAL
Cash + ST InvestmentsLiquidity on hand
$3.0M
$8.6M
Total DebtLower is stronger
$44.7M
$14.6M
Stockholders' EquityBook value
$-271.1M
$-16.4M
Total Assets
$226.8M
$59.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGEN
AGEN
SNAL
SNAL
Q4 25
$3.0M
$8.6M
Q3 25
$3.5M
$12.3M
Q2 25
$9.5M
$7.9M
Q1 25
$18.5M
$9.4M
Q4 24
$40.4M
$7.3M
Q3 24
$44.8M
$10.6M
Q2 24
$93.7M
$15.5M
Q1 24
$52.9M
$16.1M
Total Debt
AGEN
AGEN
SNAL
SNAL
Q4 25
$44.7M
$14.6M
Q3 25
$34.2M
$10.5M
Q2 25
$33.9M
$11.8M
Q1 25
$33.6M
$9.0M
Q4 24
$33.2M
$5.7M
Q3 24
$5.7M
Q2 24
$5.8M
Q1 24
$6.5M
Stockholders' Equity
AGEN
AGEN
SNAL
SNAL
Q4 25
$-271.1M
$-16.4M
Q3 25
$-274.1M
$-15.6M
Q2 25
$-354.6M
$-8.0M
Q1 25
$-341.8M
$9.1M
Q4 24
$-326.4M
$9.7M
Q3 24
$-292.3M
$8.2M
Q2 24
$-241.3M
$7.9M
Q1 24
$-201.4M
$5.6M
Total Assets
AGEN
AGEN
SNAL
SNAL
Q4 25
$226.8M
$59.3M
Q3 25
$233.9M
$51.1M
Q2 25
$185.2M
$58.0M
Q1 25
$200.2M
$64.5M
Q4 24
$226.3M
$62.2M
Q3 24
$238.5M
$66.8M
Q2 24
$292.4M
$75.4M
Q1 24
$256.6M
$78.3M
Debt / Equity
AGEN
AGEN
SNAL
SNAL
Q4 25
Q3 25
Q2 25
Q1 25
0.99×
Q4 24
0.59×
Q3 24
0.70×
Q2 24
0.73×
Q1 24
1.16×

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
SNAL
SNAL
Operating Cash FlowLast quarter
$-16.6M
$-5.3M
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
SNAL
SNAL
Q4 25
$-16.6M
$-5.3M
Q3 25
$-14.7M
$6.6M
Q2 25
$-20.2M
$-3.2M
Q1 25
$-25.6M
$764.5K
Q4 24
$-28.7M
$-3.6M
Q3 24
$-53.3M
$-5.0M
Q2 24
$-38.2M
$206.6K
Q1 24
$-38.2M
$6.8M
Free Cash Flow
AGEN
AGEN
SNAL
SNAL
Q4 25
Q3 25
Q2 25
$-20.2M
Q1 25
$-25.6M
Q4 24
$-28.7M
Q3 24
$-53.3M
Q2 24
$-38.6M
Q1 24
$-38.2M
FCF Margin
AGEN
AGEN
SNAL
SNAL
Q4 25
Q3 25
Q2 25
-78.7%
Q1 25
-106.5%
Q4 24
-107.0%
Q3 24
-212.2%
Q2 24
-164.4%
Q1 24
-136.5%
Capex Intensity
AGEN
AGEN
SNAL
SNAL
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.3%
Q3 24
0.0%
Q2 24
2.0%
Q1 24
0.1%
Cash Conversion
AGEN
AGEN
SNAL
SNAL
Q4 25
Q3 25
-0.23×
Q2 25
Q1 25
Q4 24
-3.21×
Q3 24
-21.05×
Q2 24
0.09×
Q1 24

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%

SNAL
SNAL

Pc$14.7M59%
Platform Three$5.2M21%
Platform Two$3.3M13%
Sales Channel Directly To Consumer Mobile Sale$1.6M6%

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