10-Q
Quarterly Report
AGENUS INC
AGEN
NASDAQ
CIK: 1098972
File #: 000-29089
Balance Sheet
51 line items · 2 periods
XBRL
| Item | Jun 30, 2025 | Dec 31, 2024 |
|---|---|---|
ASSETS | ||
Cash and cash equivalents | 9,534,000 | 40,437,000 |
Cost | 2,591,000 | 6,954,000 |
Institutional Money Market Funds - Estimated Fair Value | 2,591,000 | 6,954,000 |
Estimated Fair Value | 2,591,000 | 6,954,000 |
Institutional Money Market Funds - Cost | 2,591,000 | 6,954,000 |
Accounts receivable | 709,000 | 407,000 |
Prepaid expenses | 1,337,000 | 2,315,000 |
Other current assets | 1,760,000 | 2,415,000 |
Total current assets | 13,340,000 | 45,574,000 |
Property, plant and equipment, net of accumulated amortization and depreciation of $74,782 and $72,553 at June 30, 2025 and December 31, 2024, respectively | 112,722,000 | 120,087,000 |
Operating lease right-of-use assets | 26,421,000 | 27,308,000 |
Goodwill | 24,092,000 | 24,092,000 |
Acquired intangible assets, net of accumulated amortization of $17,156 and $16,986 at June 30, 2025 and December 31, 2024, respectively | 3,206,000 | 3,376,000 |
Other long-term assets | 5,440,000 | 5,834,000 |
Total assets | 185,221,000 | 226,271,000 |
LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
Current portion, long-term debt | 10,721,000 | 2,698,000 |
Debentures | 146,000 | 146,000 |
Other services | 372,000 | 81,000 |
2015 Subordinated Notes | 10,203,000 | 2,471,000 |
Current portion, liability related to sale of future royalties and milestones | 103,703,000 | 111,978,000 |
Current portion, deferred revenue | 45,000 | 31,000 |
Current portion, operating lease liabilities | 2,496,000 | 2,446,000 |
Accounts payable | 74,396,000 | 61,470,000 |
Accrued liabilities | 39,311,000 | 34,961,000 |
Other current liabilities | 3,891,000 | 7,817,000 |
Total current liabilities | 234,563,000 | 221,401,000 |
Long-term debt, net of current portion | 23,151,000 | 30,473,000 |
Promissory Note | 23,151,000 | 19,973,000 |
2015 Subordinated Notes | — | 10,500,000 |
Liability related to sale of future royalties and milestones, net of current portion | 208,526,000 | 224,389,000 |
Deferred revenue, net of current portion | 1,143,000 | 1,143,000 |
Operating lease liabilities, net of current portion | 53,394,000 | 54,551,000 |
Other long-term liabilities | 752,000 | 738,000 |
STOCKHOLDERS" DEFICIT | ||
Series A-1 convertible preferred stock | 0 | 0 |
Common stock, par value $0.01 per share; 800,000,000 shares authorized; 30,004,430 and 23,634,670 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively | 300,000 | 236,000 |
Additional paid-in capital | 1,882,704,000 | 1,857,662,000 |
Accumulated other comprehensive loss | (1,504,000) | (1,398,000) |
Accumulated deficit | (2,236,101,000) | (2,182,880,000) |
Total stockholders' deficit attributable to Agenus Inc. | (354,601,000) | (326,380,000) |
Non-controlling interest | 18,293,000 | 19,956,000 |
Total stockholders' deficit | (336,308,000) | (306,424,000) |
Additional Paid-in Capital | 1,882,704,000 | 1,857,662,000 |
Common Stock | 300,000 | 236,000 |
Series A-1 convertible preferred stock - Preferred Stock | 0 | 0 |
Non-controlling Interest | 18,293,000 | 19,956,000 |
Accumulated Other Comprehensive Income (Loss) | (1,504,000) | (1,398,000) |
Accumulated Deficit | (2,236,101,000) | (2,182,880,000) |
Total liabilities and stockholders' deficit | 185,221,000 | 226,271,000 |