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Side-by-side financial comparison of AGENUS INC (AGEN) and UNITY BANCORP INC (UNTY). Click either name above to swap in a different company.
UNITY BANCORP INC is the larger business by last-quarter revenue ($35.3M vs $34.2M, roughly 1.0× AGENUS INC). UNITY BANCORP INC runs the higher net margin — 43.9% vs -31.0%, a 74.9% gap on every dollar of revenue. On growth, AGENUS INC posted the faster year-over-year revenue change (27.5% vs 24.2%). Over the past eight quarters, UNITY BANCORP INC's revenue compounded faster (17.5% 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.
Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.
AGEN vs UNTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.2M | $35.3M |
| Net Profit | $-10.6M | $15.5M |
| Gross Margin | — | — |
| Operating Margin | 42.1% | 55.8% |
| Net Margin | -31.0% | 43.9% |
| Revenue YoY | 27.5% | 24.2% |
| Net Profit YoY | 77.3% | 34.5% |
| EPS (diluted) | $0.09 | $1.52 |
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 | $35.3M | ||
| Q3 25 | $30.2M | $32.8M | ||
| Q2 25 | $25.7M | $34.4M | ||
| Q1 25 | $24.1M | $29.4M | ||
| Q4 24 | $26.8M | $28.4M | ||
| Q3 24 | $25.1M | $27.7M | ||
| Q2 24 | $23.5M | $25.5M | ||
| Q1 24 | $28.0M | $25.6M |
| Q4 25 | $-10.6M | $15.5M | ||
| Q3 25 | $63.9M | $14.4M | ||
| Q2 25 | $-30.0M | $16.5M | ||
| Q1 25 | $-26.4M | $11.6M | ||
| Q4 24 | $-46.8M | $11.5M | ||
| Q3 24 | $-67.2M | $10.9M | ||
| Q2 24 | $-54.8M | $9.5M | ||
| Q1 24 | $-63.5M | $9.6M |
| 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% | — |
| Q4 25 | 42.1% | 55.8% | ||
| Q3 25 | -15.0% | 57.5% | ||
| Q2 25 | -65.0% | 62.6% | ||
| Q1 25 | -55.3% | 52.6% | ||
| Q4 24 | -96.5% | 51.0% | ||
| Q3 24 | -125.5% | 52.7% | ||
| Q2 24 | -128.4% | 49.3% | ||
| Q1 24 | -117.4% | 50.0% |
| Q4 25 | -31.0% | 43.9% | ||
| Q3 25 | 211.4% | 43.8% | ||
| Q2 25 | -116.8% | 48.0% | ||
| Q1 25 | -109.6% | 39.5% | ||
| Q4 24 | -174.4% | 40.5% | ||
| Q3 24 | -267.7% | 39.4% | ||
| Q2 24 | -233.1% | 37.1% | ||
| Q1 24 | -226.6% | 37.5% |
| Q4 25 | $0.09 | $1.52 | ||
| Q3 25 | $1.94 | $1.41 | ||
| Q2 25 | $-1.00 | $1.61 | ||
| Q1 25 | $-1.03 | $1.13 | ||
| Q4 24 | $-1.95 | $1.13 | ||
| Q3 24 | $-3.08 | $1.07 | ||
| Q2 24 | $-2.52 | $0.92 | ||
| Q1 24 | $-3.04 | $0.94 |
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 | — |
| Total DebtLower is stronger | $44.7M | — |
| Stockholders' EquityBook value | $-271.1M | $345.6M |
| Total Assets | $226.8M | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — | ||
| Q1 24 | $52.9M | — |
| Q4 25 | $44.7M | — | ||
| Q3 25 | $34.2M | — | ||
| Q2 25 | $33.9M | — | ||
| Q1 25 | $33.6M | — | ||
| Q4 24 | $33.2M | $230.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-271.1M | $345.6M | ||
| Q3 25 | $-274.1M | $334.0M | ||
| Q2 25 | $-354.6M | $319.8M | ||
| Q1 25 | $-341.8M | $306.1M | ||
| Q4 24 | $-326.4M | $295.6M | ||
| Q3 24 | $-292.3M | $284.3M | ||
| Q2 24 | $-241.3M | $273.4M | ||
| Q1 24 | $-201.4M | $266.8M |
| Q4 25 | $226.8M | $3.0B | ||
| Q3 25 | $233.9M | $2.9B | ||
| Q2 25 | $185.2M | $2.9B | ||
| Q1 25 | $200.2M | $2.8B | ||
| Q4 24 | $226.3M | $2.7B | ||
| Q3 24 | $238.5M | $2.6B | ||
| Q2 24 | $292.4M | $2.6B | ||
| Q1 24 | $256.6M | $2.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $44.9M |
| Free Cash FlowOCF − Capex | — | $44.3M |
| FCF MarginFCF / Revenue | — | 125.7% |
| Capex IntensityCapex / Revenue | 0.0% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $81.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.6M | $44.9M | ||
| Q3 25 | $-14.7M | $45.5M | ||
| Q2 25 | $-20.2M | $-25.3M | ||
| Q1 25 | $-25.6M | $17.9M | ||
| Q4 24 | $-28.7M | $48.0M | ||
| Q3 24 | $-53.3M | $17.7M | ||
| Q2 24 | $-38.2M | $-8.4M | ||
| Q1 24 | $-38.2M | $15.8M |
| Q4 25 | — | $44.3M | ||
| Q3 25 | — | $45.3M | ||
| Q2 25 | $-20.2M | $-25.5M | ||
| Q1 25 | $-25.6M | $17.6M | ||
| Q4 24 | $-28.7M | $47.3M | ||
| Q3 24 | $-53.3M | $17.5M | ||
| Q2 24 | $-38.6M | $-8.6M | ||
| Q1 24 | $-38.2M | $15.7M |
| Q4 25 | — | 125.7% | ||
| Q3 25 | — | 138.1% | ||
| Q2 25 | -78.7% | -74.2% | ||
| Q1 25 | -106.5% | 59.9% | ||
| Q4 24 | -107.0% | 166.5% | ||
| Q3 24 | -212.2% | 63.3% | ||
| Q2 24 | -164.4% | -33.7% | ||
| Q1 24 | -136.5% | 61.4% |
| Q4 25 | 0.0% | 1.6% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.0% | 0.5% | ||
| Q1 25 | 0.0% | 1.0% | ||
| Q4 24 | 0.3% | 2.4% | ||
| Q3 24 | 0.0% | 0.5% | ||
| Q2 24 | 2.0% | 0.5% | ||
| Q1 24 | 0.1% | 0.3% |
| Q4 25 | — | 2.90× | ||
| Q3 25 | -0.23× | 3.16× | ||
| Q2 25 | — | -1.54× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | 4.17× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | -0.89× | ||
| Q1 24 | — | 1.64× |
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% |
UNTY
Segment breakdown not available.
