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

Strawberry Fields REIT, Inc. is the larger business by last-quarter revenue ($40.1M vs $34.2M, roughly 1.2× AGENUS INC). Strawberry Fields REIT, Inc. runs the higher net margin — 5.0% vs -31.0%, a 36.1% gap on every dollar of revenue. On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs 27.5%). Over the past eight quarters, Strawberry Fields REIT, Inc.'s revenue compounded faster (20.0% 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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

AGEN vs STRW — Head-to-Head

Bigger by revenue
STRW
STRW
1.2× larger
STRW
$40.1M
$34.2M
AGEN
Growing faster (revenue YoY)
STRW
STRW
+4.1% gap
STRW
31.5%
27.5%
AGEN
Higher net margin
STRW
STRW
36.1% more per $
STRW
5.0%
-31.0%
AGEN
Faster 2-yr revenue CAGR
STRW
STRW
Annualised
STRW
20.0%
10.5%
AGEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AGEN
AGEN
STRW
STRW
Revenue
$34.2M
$40.1M
Net Profit
$-10.6M
$2.0M
Gross Margin
Operating Margin
42.1%
52.4%
Net Margin
-31.0%
5.0%
Revenue YoY
27.5%
31.5%
Net Profit YoY
77.3%
37.6%
EPS (diluted)
$0.09
$0.15

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
STRW
STRW
Q4 25
$34.2M
$40.1M
Q3 25
$30.2M
$39.7M
Q2 25
$25.7M
$37.9M
Q1 25
$24.1M
$37.3M
Q4 24
$26.8M
$30.5M
Q3 24
$25.1M
$29.5M
Q2 24
$23.5M
$29.3M
Q1 24
$28.0M
$27.8M
Net Profit
AGEN
AGEN
STRW
STRW
Q4 25
$-10.6M
$2.0M
Q3 25
$63.9M
$2.0M
Q2 25
$-30.0M
$2.0M
Q1 25
$-26.4M
$1.6M
Q4 24
$-46.8M
$1.5M
Q3 24
$-67.2M
$944.0K
Q2 24
$-54.8M
$938.0K
Q1 24
$-63.5M
$746.0K
Gross Margin
AGEN
AGEN
STRW
STRW
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
STRW
STRW
Q4 25
42.1%
52.4%
Q3 25
-15.0%
56.6%
Q2 25
-65.0%
54.5%
Q1 25
-55.3%
54.1%
Q4 24
-96.5%
51.5%
Q3 24
-125.5%
54.4%
Q2 24
-128.4%
52.3%
Q1 24
-117.4%
51.3%
Net Margin
AGEN
AGEN
STRW
STRW
Q4 25
-31.0%
5.0%
Q3 25
211.4%
5.1%
Q2 25
-116.8%
5.2%
Q1 25
-109.6%
4.2%
Q4 24
-174.4%
4.8%
Q3 24
-267.7%
3.2%
Q2 24
-233.1%
3.2%
Q1 24
-226.6%
2.7%
EPS (diluted)
AGEN
AGEN
STRW
STRW
Q4 25
$0.09
$0.15
Q3 25
$1.94
$0.16
Q2 25
$-1.00
$0.16
Q1 25
$-1.03
$0.13
Q4 24
$-1.95
$0.17
Q3 24
$-3.08
$0.14
Q2 24
$-2.52
$0.14
Q1 24
$-3.04
$0.12

Balance Sheet & Financial Strength

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

Metric
AGEN
AGEN
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$3.0M
$31.8M
Total DebtLower is stronger
$44.7M
$794.7M
Stockholders' EquityBook value
$-271.1M
$12.1M
Total Assets
$226.8M
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGEN
AGEN
STRW
STRW
Q4 25
$3.0M
$31.8M
Q3 25
$3.5M
$19.8M
Q2 25
$9.5M
$96.3M
Q1 25
$18.5M
$42.3M
Q4 24
$40.4M
$48.4M
Q3 24
$44.8M
$29.3M
Q2 24
$93.7M
$16.1M
Q1 24
$52.9M
$15.1M
Total Debt
AGEN
AGEN
STRW
STRW
Q4 25
$44.7M
$794.7M
Q3 25
$34.2M
$779.4M
Q2 25
$33.9M
$794.1M
Q1 25
$33.6M
$715.5M
Q4 24
$33.2M
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
AGEN
AGEN
STRW
STRW
Q4 25
$-271.1M
$12.1M
Q3 25
$-274.1M
$14.2M
Q2 25
$-354.6M
$15.5M
Q1 25
$-341.8M
$19.6M
Q4 24
$-326.4M
$18.2M
Q3 24
$-292.3M
$12.6M
Q2 24
$-241.3M
$7.4M
Q1 24
$-201.4M
$7.5M
Total Assets
AGEN
AGEN
STRW
STRW
Q4 25
$226.8M
$885.2M
Q3 25
$233.9M
$880.6M
Q2 25
$185.2M
$897.3M
Q1 25
$200.2M
$834.8M
Q4 24
$226.3M
$787.6M
Q3 24
$238.5M
$661.5M
Q2 24
$292.4M
$635.9M
Q1 24
$256.6M
$634.9M
Debt / Equity
AGEN
AGEN
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

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
STRW
STRW
Operating Cash FlowLast quarter
$-16.6M
$90.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGEN
AGEN
STRW
STRW
Q4 25
$-16.6M
$90.0M
Q3 25
$-14.7M
$20.7M
Q2 25
$-20.2M
$29.8M
Q1 25
$-25.6M
$19.0M
Q4 24
$-28.7M
$59.3M
Q3 24
$-53.3M
$11.8M
Q2 24
$-38.2M
$20.6M
Q1 24
$-38.2M
$2.1M
Free Cash Flow
AGEN
AGEN
STRW
STRW
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
STRW
STRW
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
STRW
STRW
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
STRW
STRW
Q4 25
44.62×
Q3 25
-0.23×
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
2.85×

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%

STRW
STRW

Segment breakdown not available.

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