earnings
confidence high
sentiment positive
materiality 0.75
Agenus reports $4.2M initial BOT+BAL revenue; net loss narrows to $3.1M in FY2025
AGENUS INC
- Pre-commercial product revenue of $4.2M from early access programs in France and paid NPP across 30+ countries.
- BOT+BAL shows 42% two-year OS and ~21-month median OS in heavily pretreated MSS mCRC; Phase 3 BATTMAN trial initiated.
- France AAC expanded to ovarian cancer and sarcoma in January 2026; 200+ physician inquiries received globally.
- Zydus collaboration provided $91M upfront capital; $20M contingent payment triggered in March 2026 for manufacturing.
- Q4 2025 operating income $14.4M; full year net loss $3.1M vs prior year; other revenue $110M (non-cash royalty).