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Agenus Valuation Multiples

Discover revenue and EBITDA valuation multiples for Agenus and similar public comparables like Pharming, Vivoryon Therapeutics, and Julphar.

Agenus Overview

About Agenus

Agenus Inc is an American clinical-stage company with a pipeline of therapies designed to activate the body’s immune system to fight cancer and infections, including immune-modulatory antibodies, adoptive cell therapies through its subsidiary MiNK Therapeutics Inc. and vaccine adjuvants through its subsidiary SaponiQx Inc. This robust product pipeline is supported by company's in-house capabilities, including current good manufacturing practice (cGMP) manufacturing and a clinical operations platform. The company's antibody candidates are botensilimab (a proprietary next-generation Fc-engineered CTLA-4 antibody, also known as AGEN1811) and balstilimab (a PD-1 antibody).


Founded

1999

HQ

United States of America
Employees

316

Website

agenusbio.com

Financials

LTM Revenue $107M

Last FY EBITDA -$101M

EV

$168M

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Agenus Financials

Agenus has a last 12-month revenue (LTM) of $107M and a last 12-month EBITDA of n/a.

In the most recent fiscal year, Agenus achieved revenue of $103M and an EBITDA of -$101M.

Agenus expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Agenus P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $107M XXX $103M XXX XXX XXX
Gross Profit $107M XXX -$52.6M XXX XXX XXX
Gross Margin 100% XXX -51% XXX XXX XXX
EBITDA n/a XXX -$101M XXX XXX XXX
EBITDA Margin n/a XXX -98% XXX XXX XXX
EBIT -$66.6M XXX -$124M XXX XXX XXX
EBIT Margin -62% XXX -120% XXX XXX XXX
Net Profit -$167M XXX -$227M XXX XXX XXX
Net Margin -156% XXX -220% XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Agenus Stock Performance

As of May 30, 2025, Agenus's stock price is $3.

Agenus has current market cap of $94.0M, and EV of $168M.

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Agenus Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$168M $94.0M XXX XXX XXX XXX $-7.31

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Agenus Valuation Multiples

As of May 30, 2025, Agenus has market cap of $94.0M and EV of $168M.

Agenus's trades at 1.6x EV/Revenue multiple, and -1.7x EV/EBITDA.

Equity research analysts estimate Agenus's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Agenus has a P/E ratio of -0.6x.

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Agenus Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $94.0M XXX $94.0M XXX XXX XXX
EV (current) $168M XXX $168M XXX XXX XXX
EV/Revenue 1.6x XXX 1.6x XXX XXX XXX
EV/EBITDA n/a XXX -1.7x XXX XXX XXX
EV/EBIT -2.5x XXX -1.3x XXX XXX XXX
EV/Gross Profit 1.6x XXX n/a XXX XXX XXX
P/E -0.6x XXX -0.4x XXX XXX XXX
EV/FCF n/a XXX -1.1x XXX XXX XXX

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Agenus Margins & Growth Rates

Agenus's last 12 month revenue growth is 2%

Agenus's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.

Agenus's rule of 40 is -91% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Agenus's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Agenus Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 2% XXX 1% XXX XXX XXX
EBITDA Margin n/a XXX -98% XXX XXX XXX
EBITDA Growth n/a XXX n/a XXX XXX XXX
Rule of 40 -91% XXX -96% XXX XXX XXX
Bessemer Rule of X XXX XXX n/a XXX XXX XXX
Revenue per Employee XXX XXX $0.3M XXX XXX XXX
Opex per Employee XXX XXX $0.2M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 69% XXX XXX XXX

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Agenus Public Comps

See public comps and valuation multiples for Drug Development & Therapeutics and Vaccines & Immunotherapies comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Julphar XXX XXX XXX XXX XXX XXX
Benevolent AI XXX XXX XXX XXX XXX XXX
Galapagos XXX XXX XXX XXX XXX XXX
Pharming XXX XXX XXX XXX XXX XXX
Vivoryon Therapeutics XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Agenus M&A and Investment Activity

Agenus acquired  XXX companies to date.

Last acquisition by Agenus was  XXXXXXXX, XXXXX XXXXX XXXXXX . Agenus acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Agenus

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Agenus

When was Agenus founded? Agenus was founded in 1999.
Where is Agenus headquartered? Agenus is headquartered in United States of America.
How many employees does Agenus have? As of today, Agenus has 316 employees.
Who is the CEO of Agenus? Agenus's CEO is Dr. Garo H. Armen, PhD.
Is Agenus publicy listed? Yes, Agenus is a public company listed on NAS.
What is the stock symbol of Agenus? Agenus trades under AGEN ticker.
When did Agenus go public? Agenus went public in 2000.
Who are competitors of Agenus? Similar companies to Agenus include e.g. Julphar, Benevolent AI, Galapagos, Pharming.
What is the current market cap of Agenus? Agenus's current market cap is $94.0M
What is the current revenue of Agenus? Agenus's last 12 months revenue is $107M.
What is the current revenue growth of Agenus? Agenus revenue growth (NTM/LTM) is 2%.
What is the current EV/Revenue multiple of Agenus? Current revenue multiple of Agenus is 1.6x.
Is Agenus profitable? Yes, Agenus is EBITDA-positive (as of the last 12 months).

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