Flagship explainer

How AGENUS INC makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$114M · 100%Cost of revenue$1M · 1%Gross profit$113M · 99%Operating income−$20.2M · −18%Income before tax−$3.1M · −3%Income tax$0 · 0%Net income−$3.1M · −3%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$114M100%
Cost of revenue$1M1%
$113M99%
−$20.2M−18%
Income before tax−$3.1M−3%
Income tax$00%
−$3.1M−3%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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