AGENUS INC (AGEN)
Agenus Inc. is a clinical-stage biotechnology firm operating globally, dedicated to the discovery and development of immuno-oncology therapies. The company's innovative technological arsenal includes Retrocyte Display, a sophisticated antibody expression platform designed to identify fully human and humanized monoclonal antibodies, alongside other proprietary display technologies. Agenus is also actively involved in vaccine development programs, featuring the Prophage vaccine candidate and QS-21 Stimulon, a widely recognized saponin-based vaccine adjuvant. Its robust and diverse pipeline of therapeutic candidates targets various immune checkpoints and cancer pathways. Notable assets in clinical development include: Balstilimab: An anti-PD-1 antagonist that has successfully completed Phase II trials for the treatment of second-line cervical cancer. AGEN1181: A monospecific anti-CTLA-4 antibody currently undergoing Phase 1/2 clinical evaluation. AGEN2373: An anti-CD137 monospecific antibody in Phase 1 clinical trials. AGEN1423: A bi-functional anti-CD73/TGFß TRAP antibody, engineered to modulate the tumor microenvironment, which has concluded Phase 1 studies. AGEN1777: An anti-TIGIT bispecific antibody. AGEN1327: A human monoclonal antibody. INCAGN1876: An anti-GITR monospecific antibody. INCAGN1949: An anti-OX40 monospecific antibody. INCAGN2390: An anti-TIM-3 monospecific antibody. INCAGN2385: An anti-LAG-3 monospecific antibody. MK-4830: A monospecific antibody engineered to target ILT4. AGENT 797: An iNKT cell therapy, currently in Phase 1 for solid tumors, multiple myeloma, and viral ARDS, with ongoing clinical investigation for hematological malignancies and multiple myeloma/B cell indications. AGEN1884: A first-generation anti-CTLA-4 monospecific antibody. Agenus Inc. utilizes a portfolio of trademarks, including ASV, AutoSynVax, EVAMPLIX, MiNK, PSV, PhosPhoSynVax, Prophage, Retrocyte Display, and Stimulon, alongside its own company name. Strategic alliances are maintained with partners such as Incyte Corporation, Merck Sharpe & Dohme, Recepta Biopharma SA, and Gilead Sciences, Inc. Established in 1994, the company originally operated as Antigenics Inc. before rebranding to Agenus Inc. in January 2011. Its corporate headquarters are situated in Lexington, Massachusetts.
Sector: Biological Products, (No Diagnostic Substances)
Industry: Biotechnology
Agenus Inc.
NASDAQ:AGENHealthcare · Biotechnology
-3.53%$6.84
AH$6.78-0.92%vs close
Mkt Cap$308.91M
Float42.23M
O/S45.16M
Vol
$ Vol
RVOL
Inst Own31.5%
Earnings
Dilution
Financials Summary
Revenue$114.2M
Net Income$115K
Total Assets$226.8M
Free Cash Flow-$158.89M
Debt & Equity
Debt 525%
Total Debt$334.9M
Total Equity-$271.11M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
- 1:20Reverse splitApr 12, 202420 shares → 1
- 1:6Reverse splitOct 3, 20116 shares → 1
Balance Sheet Details
Assets$226.8M
Liabilities$504.66M
Accounts Receivable$1.83M
Accounts Payable$82.99M
Inventory$0
PP&E (Net)$24.25M
Goodwill$24.09M
Intangible Assets$3.04M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 |
| Revenue | $114.2M | $103.46M | $156.31M | $98.02M | $295.67M | $88.17M | $150.05M | $36.78M | $42.88M | $22.57M | $24.82M | $6.98M | $3.04M | $15.96M | $2.76M | $3.36M | $3.33M | $2.65M | $5.55M | $692K | $630K | $707K | $4.45M | $3.41M | $4.55M | $443K | $100K |
| YoY Growth | 10.4% | -33.8% | 59.5% | -66.8% | 235.3% | -41.2% | 307.9% | -14.2% | 89.9% | -9.0% | 255.7% | 129.1% | -80.9% | 479.2% | -18.0% | 0.8% | 25.8% | -52.3% | 702.2% | 9.9% | -10.9% | -84.1% | 30.4% | -25.1% | 929.1% | 342.6% | - |
| Cost of Revenue | $80.36M | $156.01M | $237.68M | $197.26M | $182.08M | $144.97M | $168.34M | $124.6M | $116.13M | $94.97M | $70.44M | $22.35M | $13.54M | $11.24M | $0 | $123K | $0 | $0 | $0 | $0 | $0 | $5K | $1.94M | $1.34M | $1.06M | -$1.31M | $0 |
| Gross Profit | $33.84M | -$52.55M | -$81.37M | -$99.23M | $113.59M | -$56.8M | -$18.29M | -$87.82M | -$73.25M | -$72.4M | -$45.63M | -$15.37M | -$10.5M | $4.72M | $2.76M | $3.24M | $3.33M | $2.65M | $5.55M | $692K | $630K | $702K | $2.51M | $2.07M | $3.49M | $1.76M | $100K |
| Gross Margin | 29.6% | -50.8% | -52.1% | -101.2% | 38.4% | -64.4% | -12.2% | -238.7% | -170.8% | -320.7% | -183.9% | -220.3% | -344.7% | 29.6% | 100.0% | 96.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 99.3% | 56.4% | 60.8% | 76.6% | 396.6% | 100.0% |
| Research and Development | $0 | $155.53M | $234.57M | $0 | $178.61M | $142.62M | $168.34M | $124.6M | $116.13M | $94.97M | $70.44M | $22.35M | $13.01M | $10.56M | $11.02M | $12.88M | $16.9M | $20.66M | $21.79M | $28.64M | $47.08M | $41.72M | $48.53M | $39.98M | $31.36M | $17.58M | $11M |
| Selling, General, and Administrative | $54.39M | $71.88M | $78.74M | $81.01M | $76.36M | $59.22M | $46.04M | $37.34M | $33.74M | $33.13M | $28.37M | $21.25M | $14.48M | $11.46M | $10.82M | $12.11M | $14.11M | $19.83M | $17.04M | $21.29M | $27.46M | $25.78M | $21.72M | $19.47M | $13.76M | $9.19M | $6.9M |
| Other | $0 | -$159.48M | -$235.13M | -$815K | -$167.13M | -$141.4M | -$162.53M | -$2.18M | -$16.89M | -$19.52M | -$7.18M | $835K | -$5.09M | -$4.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.68M | $1M |
| Total Operating Expenses | $54.39M | $67.92M | $78.18M | $80.19M | $87.84M | $60.44M | $51.85M | $37.34M | $33.74M | $33.13M | $28.37M | $21.25M | $14.48M | $11.46M | $21.84M | $24.99M | $31.01M | $40.49M | $38.83M | $49.93M | $74.54M | $67.5M | $70.24M | $59.45M | $45.12M | $28.44M | $18.9M |
| Operating Income (EBIT) | -$20.56M | -$120.47M | -$159.55M | -$179.43M | $25.75M | -$117.23M | -$70.14M | -$123.82M | -$103.8M | -$107.48M | -$80.7M | -$43.32M | -$24.98M | -$6.74M | -$19.09M | -$21.75M | -$27.68M | -$37.84M | -$33.28M | -$50.61M | -$73.91M | -$69.69M | -$67.74M | -$57.37M | -$41.63M | -$26.69M | -$18.8M |
| Operating Margin | -18.0% | -116.4% | -102.1% | -183.0% | 8.7% | -133.0% | -46.7% | -336.6% | -242.1% | -476.1% | -325.2% | -620.9% | -820.4% | -42.2% | -692.6% | -647.5% | -830.2% | -1427.5% | -599.3% | -7312.6% | -11732.8% | -9855.8% | -1522.2% | -1681.8% | -913.9% | -6028.9% | -18800.0% |
| Interest Expense | $55.27M | $117.63M | $97.92M | $61.86M | $65.72M | $61.08M | $41.45M | $25.27M | $18.87M | $17.32M | $6.6M | $1.26M | $2.43M | $4.72M | $4.21M | $4.87M | $5.34M | $5.08M | $4.99M | $3.29M | $2.96M | $531K | $247K | $365K | $690K | $425K | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8K | $23K | $19K | $38K | $137K | $966K | $0 | $1.88M | $2.77M | $1.46M | $1.17M | $1.59M | $3.37M | $6.18M | $0 |
| Other Income (Expense) | $17.47M | -$111.8M | -$97.89M | -$51.23M | -$54.47M | -$65.66M | -$41.42M | -$38.22M | -$16.89M | -$19.52M | -$12.57M | $835K | -$5.09M | -$4.58M | -$4.19M | -$154K | -$2.82M | $7.04M | -$3.52M | -$1.27M | -$190K | $69.69M | $883K | -$1.96M | -$34.6M | -$25.8M | $0 |
| Income Before Tax (EBT) | -$3.08M | -$232.27M | -$257.44M | -$230.66M | -$28.72M | -$182.89M | -$111.56M | -$162.04M | -$120.69M | -$127M | -$87.88M | -$42.49M | -$30.07M | -$11.32M | -$24.07M | -$22.7M | -$31.59M | -$29.49M | -$52.67M | -$52.67M | -$74.89M | $12.59M | -$66.85M | -$57.1M | -$76.22M | -$52.49M | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$12.95M | $0 | -$2.99M | -$5.39M | $5.12M | -$586K | -$1.62M | $4.19M | $154K | -$1.47M | -$9.15M | $3.52M | $2.64M | $190K | $69.54M | -$1.8M | -$1.5M | $31.91M | $20.04M | -$700K |
| Net Income | $115K | -$227.21M | -$245.76M | -$220.07M | -$23.93M | -$180.91M | -$107.66M | -$159.69M | -$120.69M | -$127M | -$87.88M | -$42.49M | -$30.07M | -$11.32M | -$23.28M | -$21.91M | -$30.32M | -$28.7M | -$36.8M | -$51.88M | -$74.1M | -$56.16M | -$65.93M | -$55.88M | -$73.54M | -$46.73M | -$18.1M |
| Net Income Margin | 0.1% | -219.6% | -157.2% | -224.5% | -8.1% | -205.2% | -71.7% | -434.1% | -281.5% | -562.6% | -354.1% | -608.9% | -987.6% | -71.0% | -844.6% | -652.0% | -909.4% | -1082.5% | -662.7% | -7495.7% | -11762.9% | -7942.8% | -1481.8% | -1637.9% | -1614.5% | -10557.2% | -18100.0% |
| Supplementary Data | |||||||||||||||||||||||||||
| EPS | -0.00 | -10.59 | -13.75 | -15.64 | -2.11 | -21.00 | -22.10 | -28.83 | -24.53 | -29.17 | -22.47 | -14.22 | -2.21 | -0.48 | -1.17 | -1.36 | -2.30 | -2.72 | -4.75 | -6.80 | -9.76 | -7.54 | -10.15 | -10.19 | -15.68 | -11.37 | -5.99 |
| Diluted EPS | -0.00 | -10.59 | -13.75 | -15.64 | -2.11 | -21.00 | -22.10 | -28.83 | -24.53 | -29.17 | -22.47 | -14.22 | -2.21 | -0.48 | -1.17 | -1.36 | -2.30 | -2.72 | -4.75 | -6.80 | -9.76 | -7.54 | -10.15 | -10.19 | -15.68 | -11.37 | -5.99 |
| Weighted Average OS | 29.73M | 21.47M | 17.89M | 14.09M | 11.45M | 8.63M | 6.75M | 5.54M | 4.92M | 4.35M | 3.91M | 2.99M | 13.60M | 23.63M | 19.90M | 16.11M | 13.17M | 10.54M | 7.75M | 7.63M | 7.60M | 7.45M | 6.50M | 5.48M | 4.69M | 4.11M | 3.83M |
| EBITDA | $62.19M | -$101.3M | -$145.92M | -$161.85M | $43.78M | -$114.63M | -$63.45M | -$130.48M | -$95.82M | -$104.73M | -$84.71M | -$39.64M | -$27.06M | -$4.98M | -$16.81M | -$13.6M | -$20.86M | -$37.84M | -$26.39M | -$42.94M | -$65.55M | -$63.41M | -$60.48M | -$51.91M | -$37.48M | -$25.01M | -$17.86M |
| EBITDA Margin | 54.5% | -97.9% | -93.4% | -165.1% | 14.8% | -130.0% | -42.3% | -354.7% | -223.5% | -464.0% | -341.3% | -568.2% | -888.6% | -31.2% | -610.1% | -404.7% | -625.8% | -1427.5% | -475.3% | -6203.5% | -10404.6% | -8968.0% | -1359.1% | -1521.6% | -822.8% | -5650.1% | -17857.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 |
| Assets | |||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||
| Cash and Cash Equivalents | $3M | $40.44M | $76.11M | $178.67M | $291.93M | $99.87M | $61.81M | $53.05M | $60.19M | $76.44M | $171.67M | $40.22M | $27.35M | $21.47M | $10.75M | $19.78M | $20.07M | $24.47M | $14.48M | $24.22M | $33.22M | $15.98M | $57.21M | $33.13M | $60.87M | $96.14M | $46.4M |
| Short-Term Investments | $0 | $0 | $0 | $14.68M | $14.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10M | $9.99M | $4.2M | $15.88M | $28.53M | $70.94M | $32.27M | $25.6M | $0 | $3M | $0 |
| Cash and Short-Term Investments | $3M | $40.44M | $76.11M | $193.36M | $306.92M | $99.87M | $61.81M | $53.05M | $60.19M | $76.44M | $171.67M | $40.22M | $27.35M | $21.47M | $10.75M | $19.78M | $30.07M | $34.46M | $18.68M | $40.09M | $61.75M | $86.92M | $89.48M | $58.73M | $60.87M | $99.14M | $46.4M |
| Accounts Receivable | $1.83M | $407K | $25.84M | $2.74M | $1.52M | $1.16M | $16.29M | $938K | $1.13M | $11.35M | $9.8M | $463K | $1K | $552K | $0 | $35K | $0 | $0 | $319K | $182K | $46K | $76K | $590K | $1.12M | $487K | $533K | $0 |
| Inventory | $0 | $0 | $0 | $13.83M | $20.36M | $0 | $7.42M | $55K | $79K | $88K | $88K | $96K | $658K | $16K | $20K | $26K | $324K | $226K | $511K | $439K | $251K | $170K | $871K | $971K | $1.37M | $670K | $0 |
| Other Current Assets | $128.61M | $2.42M | $2.37M | -$10.63M | -$17.19M | $2.01M | -$6.41M | $1.5M | $1.08M | $839K | $582K | $640K | $163K | $32K | $700K | $306K | $392K | $187K | $436K | $275K | $291K | $647K | $483K | $889K | $619K | $1.25M | $1.3M |
| Total Current Assets | $133.44M | $45.57M | $112.42M | $213.12M | $331.97M | $113.78M | $86.54M | $74.81M | $73.55M | $91.31M | $184.1M | $42.67M | $28.17M | $22.61M | $12M | $20.85M | $31.53M | $35.49M | $20.78M | $42.3M | $66.96M | $92.6M | $93.32M | $63.4M | $63.99M | $101.59M | $47.7M |
| Long-Term Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $24.25M | $147.4M | $163.03M | $164.29M | $91.08M | $60.27M | $33.69M | $25.12M | $26.18M | $25.63M | $15.31M | $6M | $5.57M | $5.21M | $4.14M | $6.19M | $8.89M | $11.54M | $14.6M | $18.62M | $23.35M | $24.99M | $25.03M | $11.37M | $13.93M | $14.64M | $8M |
| Goodwill | $24.09M | $24.09M | $24.72M | $25.47M | $24.88M | $25.45M | $23.19M | $22.92M | $23.05M | $22.39M | $22.79M | $17.87M | $2.57M | $2.57M | $2.57M | $2.57M | $2.57M | $2.57M | $2.57M | $2.57M | $2.57M | $2.57M | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $3.04M | $3.38M | $4.41M | $6.23M | $8.49M | $10.89M | $10.5M | $12.34M | $31.76M | $16.36M | $18.76M | $6.77M | $0 | $0 | $0 | $30K | $1.61M | $3.27M | $3.53M | $4.64M | $5.75M | $6.86M | $11.05M | $3.08M | $2.76M | $2.96M | $0 |
| Long-Term Investments | $42.73M | $4.64M | $3.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | -$2.67M | -$2.67M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$742K | $1.19M | $6.11M | $7.12M | $12.21M | $4.12M | $1.42M | $1.21M | $1.21M | $1.28M | $1.27M | $1.22M | $1.3M | $1.3M | $1.09M | $1.26M | $1.26M | $4.08M | $3.04M | $4.82M | $11.24M | $6.04M | $10.68M | $11.21M | $12.87M | $8.77M | $300K |
| Total Long-Term Assets | $93.36M | $180.7M | $201.5M | $200.43M | $133.98M | $100.73M | $68.8M | $61.59M | $82.2M | $65.67M | $58.13M | $31.86M | $9.45M | $9.08M | $7.8M | $10.05M | $14.34M | $21.46M | $23.75M | $30.65M | $37.19M | $40.45M | $46.76M | $25.66M | $29.56M | $26.37M | $8.3M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$236 | -$17.35M | -$275 | -$199 | -$119 | -$2.79M | $2.97M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $226.8M | $226.27M | $313.91M | $413.56M | $465.96M | $214.51M | $155.34M | $136.4M | $138.4M | $156.99M | $242.23M | $74.53M | $34.84M | $34.67M | $19.81M | $30.91M | $45.87M | $56.95M | $44.54M | $72.95M | $104.15M | $133.06M | $140.08M | $89.06M | $93.55M | $127.97M | $56M |
| Liabilities | |||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||
| Accounts Payable | $82.99M | $61.47M | $61.45M | $40.94M | $30.49M | $17.02M | $13.56M | $13.62M | $8.09M | $5.43M | $4.49M | $1.71M | $835K | $635K | $808K | $699K | $895K | $541K | $674K | $1.09M | $2.59M | $2.92M | $3.18M | $1.44M | $2.95M | $2.27M | $400K |
| Short-Term Debt | $155.11M | $2.7M | $146K | $575K | $728K | $833K | $646K | $146K | $20.64M | $146K | $146K | $1.26M | $3.52M | $204K | $198K | $146K | $146K | $146K | $146K | $146K | $4.13M | $5.41M | $5.62M | $539K | $5.9M | $2.33M | $800K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $1.14M | $31K | $18K | $12.27M | $12.43M | $17.19M | $29.17M | $1.81M | $4.48M | $2.61M | $3.83M | $184K | $1.66M | $1.53M | $1.54M | $1.54M | $1.5M | $1.48M | $1.41M | $7.59M | $12.29M | $10.86M | $11.3M | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $83.11M | $121.85M | $141.21M | $101.49M | $75.66M | $69.88M | $48.15M | $43.71M | $3.22M | $6.38M | $15.87M | $2.94M | $2.65M | $1.85M | $1.13M | $346K | $215K | $210K | $365K | $6.65M | $9.54M | $8.99M | $2M | $0 | $0 | $4M | $1M |
| Total Current Liabilities | $323.49M | $221.4M | $255.9M | $188.95M | $156.94M | $129.88M | $122.21M | $68.06M | $56.44M | $40.85M | $28.93M | $9.23M | $10.3M | $4.81M | $4.75M | $5.42M | $5.35M | $7M | $8.38M | $9.08M | $19.15M | $19.2M | $22.1M | $9.97M | $16.21M | $8.61M | $2.2M |
| Long-Term Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | $169.66M | $30.47M | $12.77M | $12.58M | $12.82M | $18.88M | $13.38M | $13.21B | $142.39M | $130.54M | $114.33M | $4.77M | $5.35M | $35.71M | $32.73M | $34.05M | $49.49M | $67.84M | $77.4M | $75.33M | $44K | $4.51M | $10.24M | $12K | $194K | $2.64M | $2.2M |
| Long-Term Unearned Revenue | $1.14M | $1.14M | $1.14M | $1.14M | $11.2M | $28.28M | $27.7M | $1.17M | $7.75M | $12.34M | $15.07M | $3.01M | $3.19M | $4.8M | $2.08M | $3.61M | $2.98M | $3.44B | $3.04B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $26.92M | $182.82M | $0 | $0 | $0 | $15.28M | $18.8M | $0 | $0 | $755K | $2.67M | -$3.44B | -$3.04B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $242K | $225.13M | $125.26M | $202.45M | $194.97M | $214.9M | $188.44M | -$13.15B | $7.65M | $12.37M | $13.17M | $34.5M | $20.48M | $1.37M | $1.08M | $1.78M | $2.36M | $2.59M | $2.78M | $5.93M | $53.06M | $2.9M | $2.48M | $1.32M | $1.22M | $8K | -$100K |
| Total Long-Term Liabilities | $181.17M | $311.29M | $206.4M | $279.51M | $261.11M | $296.13M | $264.46M | $242.88M | $157.78M | $155.26M | $142.57M | $42.28M | $29.02M | $41.88M | $35.88M | $40.2M | $57.49M | $73.87M | $83.21M | $81.27M | $53.11M | $7.41M | $12.73M | $1.33M | $1.41M | $2.65M | $2.1M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $184 | -$252 | -$934 | $859 | -$184 | $220 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $504.66M | $532.7M | $462.3M | $468.46M | $418.05M | $426.01M | $386.67M | $310.95M | $214.22M | $196.11M | $171.5M | $51.51M | $39.32M | $46.69M | $40.64M | $45.61M | $62.85M | $80.86M | $91.6M | $90.35M | $72.25M | $26.61M | $34.83M | $11.31M | $17.62M | $11.26M | $4.3M |
| Stockholders' Equity | |||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $316 | $316 | $316 | $316 | $316 | $347 | $347 | $347 | $347 | $347 | $369 | $469 | $316 | $316 | $316 | $316 | $0 | $0 | $0 | $0 |
| Common Stock | $353K | $236K | $3.94M | $3.06M | $2.57M | $1.96M | $1.38M | $1.2M | $1.02M | $878K | $864K | $627K | $364K | $246K | $215K | $1.12M | $900K | $665K | $476K | $458K | $456K | $455K | $395K | $331K | $290K | $273K | $90M |
| Retained Earnings | -$2.18B | -$2.18B | -$1.96B | -$1.71B | -$1.49B | -$1.47B | -$1.28B | -$1.18B | -$1.03B | -$905.33M | -$779.19M | -$691.31M | -$649.09M | -$619.02M | -$607.69M | -$584.42M | -$562.51M | -$527.34M | -$498.64M | -$461.84M | -$409.96M | -$335.86M | -$279.7M | -$213.76M | -$157.89M | -$84.35M | -$37.6M |
| Comprehensive Income & Other | -$439K | -$1.4M | -$955K | $915K | $1.49M | $2.77M | -$1.32M | -$1.54M | -$2.17M | -$1.53M | -$2.05M | -$1.97M | -$27.64M | -$27.41M | -$26.08M | -$24.99M | -$28.61M | -$25.88M | -$22.63M | -$22K | -$91K | -$175K | $91K | -$173K | -$716K | -$1.48M | -$700K |
| Other Stockholders' Equity | $1.91B | $1.86B | $1.79B | $1.65B | $1.52B | $1.26B | $1.06B | $1B | $949.64M | $865.33M | $849.05M | $713.7M | $644.25M | $601.17M | $581.07M | $568.59M | $544.64M | $502.75M | $451.1M | $443.99M | $441.41M | $441.85M | $384.55M | $291.19M | $233.52M | $200.78M | -$700K |
| Total Equity | -$271.11M | -$326.38M | -$160.33M | -$61.28M | $34.44M | -$203.67M | -$225.36M | -$172.47M | -$75.82M | -$39.13M | $70.73M | $23.02M | -$4.48M | -$17.6M | -$26.41M | -$14.71M | -$16.98M | -$23.92M | -$47.06M | -$17.39M | $31.9M | $106.44M | $105.25M | $77.76M | $75.92M | $116.7M | $51.7M |
| Minority Interest | -$6.75M | $19.96M | $11.95M | $6.38M | $13.47M | -$7.83M | -$5.98M | -$2.08M | $0 | $0 | $0 | $0 | $0 | $5.58M | $5.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $233.55M | $206.31M | $301.96M | $407.18M | $452.49M | $222.34M | $161.32M | $138.48M | $138.4M | $156.99M | $242.23M | $74.53M | $34.84M | $29.09M | $14.23M | $30.91M | $45.87M | $56.95M | $44.54M | $72.95M | $104.15M | $133.06M | $140.08M | $89.06M | $93.55M | $127.97M | $56M |
| Supplementary Data | |||||||||||||||||||||||||||
| Total Debt | $334.9M | $94.87M | $93.19M | $78.43M | $58.29M | $55.73M | $23.39M | $13.36M | $163.02M | $130.69M | $114.47M | $6.03M | $8.87M | $35.92M | $32.92M | $34.2M | $49.64M | $67.98M | $77.55M | $75.48M | $4.17M | $9.92M | $15.87M | $551K | $6.09M | $4.98M | $3M |
| Net Debt | $331.9M | $54.43M | $17.08M | -$100.25M | -$233.64M | -$44.14M | -$38.41M | -$39.7M | $102.84M | $54.25M | -$57.2M | -$34.2M | -$18.49M | $14.45M | $22.18M | $14.41M | $29.57M | $43.51M | $63.07M | $51.26M | -$29.05M | -$6.06M | -$41.34M | -$32.58M | -$54.77M | -$91.17M | -$43.4M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 |
| Operating Activities | |||||||||||||||||||||||||||
| Net Income | -$232.27M | -$232.27M | -$257.44M | -$230.66M | -$28.72M | -$182.89M | -$111.56M | -$162.04M | -$120.69M | -$127M | -$87.88M | -$42.49M | -$30.07M | -$11.32M | -$23.28M | -$21.91M | -$30.32M | -$28.7M | -$36.8M | -$51.88M | -$74.1M | -$68.75M | -$65.93M | -$55.88M | -$73.54M | -$46.73M | -$18.1M |
| Depreciation & Amortization | $10M | $13.34M | $13.59M | $6.95M | $6.79M | $7.18M | $6.66M | $6.29M | $6.01M | $4.95M | $14.2M | $1.58M | $586K | $1.62M | $2.25M | $3.44M | $4.11M | $4.67M | $5.42M | $5.66M | $5.59M | $4.81M | $6.49M | $5.47M | $4.15M | $1.68M | $1M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $58K | $10.91M | $24K | $15K | -$5.39M | $5K | $2.73M | $11K | $23.31M | -$1.97M | -$2.28M | -$13.24M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $17.39M | $17.39M | $22.87M | $18.34M | $19.58M | $10.42M | $9.89M | $7.63M | $12.43M | $13.19M | $7.44M | $4.67M | $4.13M | $4.3M | $2.65M | $3.15M | $3.13M | $5.58M | $3.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||
| Accounts Receivable | -$1.73M | $25.34M | -$23.46M | $122K | -$394K | $16.19M | -$15.36M | $196K | $10.22M | -$1.55M | -$9.33M | $1K | $551K | -$552K | $35K | -$35K | -$2.26M | $319K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $55K | $24K | $9K | $17.63M | $8K | -$96K | $16K | $4K | $6K | $298K | -$98K | $284K | -$72K | -$188K | -$81K | $58K | -$9K | -$158K | -$702K | $220K | $0 |
| Accounts Payable | $23.5M | $2.01M | $21.37M | $6.49M | $10.82M | $2.77M | -$234K | $5.37M | $1.65M | $420K | $2.67M | -$46K | $190K | -$182K | $4K | -$198K | $296K | -$134K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $5.56M | $5.25M | $12.85M | $17.47M | -$20.17M | -$10M | $74.22M | -$5.42M | -$18.35M | -$6.09M | $13.28M | -$5.87M | $513K | $3.99M | -$2.12M | $322K | -$734K | $67K | -$372K | -$3.44M | $2.04M | -$491K | $6.74M | -$2.65M | -$2.55M | $1.43M | $0 |
| Total Working Capital Change | $27.33M | $32.6M | $10.76M | $24.08M | -$9.74M | $8.95M | $58.68M | $170K | -$6.48M | $10.4M | $6.63M | -$6.01M | $1.27M | $3.26M | -$2.08M | $387K | -$2.8M | $536K | -$444K | -$3.62M | $1.96M | -$433K | $6.73M | -$2.81M | -$3.25M | $1.65M | -$1.4M |
| Other Non-Cash Items | $19.23M | $10.62M | -$13.98M | $5.92M | $22.25M | $17.25M | $17.58M | $5.95M | $14.49M | $18.48M | $17.83M | $4M | $1.82M | $3.14M | -$19.11M | $2.14M | $3.97M | $2.24M | $2.07M | $4.91M | $228K | $4.15M | $1.53M | $2.39M | $35.82M | $28.27M | $5M |
| Net Cash from Operating | -$158.31M | -$158.31M | -$224.2M | -$175.37M | $10.14M | -$139.1M | -$18.68M | -$131.09M | -$94.23M | -$79.96M | -$47.18M | -$38.23M | -$19.53M | $1.01M | -$16.25M | -$14.76M | -$24.19M | -$28.91M | -$26.69M | -$44.94M | -$66.33M | -$60.22M | -$51.19M | -$50.83M | -$36.83M | -$15.13M | -$13.5M |
| Investing Activities | |||||||||||||||||||||||||||
| Capital Expenditures | -$576K | -$576K | -$9.95M | -$53.06M | -$33.81M | -$3.47M | -$4.66M | -$3.6M | -$3.12M | -$12.52M | -$3.59M | -$2.82M | -$814K | -$103K | -$55K | -$130K | -$244K | -$206K | -$11K | -$330K | -$2.66M | -$3.97M | -$18.54M | -$2.31M | -$1.67M | -$2.64M | -$4.9M |
| Acquisitions | $0 | $0 | $0 | -$2.92M | $0 | -$975K | $0 | $6K | $120K | $0 | -$7.18M | $514K | $0 | $0 | $0 | $0 | $54K | $0 | $0 | $33K | $0 | $12.57M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$20.04M | -$24.63M | -$14.99M | $0 | $0 | $0 | -$14.94M | -$54.88M | -$34.99M | -$14.51M | $0 | $0 | -$5M | -$29.99M | -$29.99M | -$29.91M | -$11.22M | -$8.4M | -$100.94M | -$133.74M | -$57.23M | -$46.06M | $0 | $0 | $0 |
| Sales of Investments | $579K | $579K | $30.03M | $25M | $0 | $0 | $0 | $0 | $20M | $85M | $14.53M | $0 | $450K | $0 | $5M | $40M | $30M | $24.12M | $24.41M | $21.1M | $143.41M | $126.05M | $50.51M | $20.5M | $3M | $0 | $0 |
| Other Investing Activities | $24K | $24K | $3.36M | $22M | $5.66M | $0 | $0 | $6K | $120K | $30.12M | -$20.46M | -$14.51M | $450K | $0 | $24K | $50K | $2.34M | $2M | $0 | $2.98M | $1.96M | $3.02M | -$7.27M | -$300K | $1.66M | $1.02M | $0 |
| Net Cash from Investing | $27K | $27K | $3.4M | -$33.61M | -$43.15M | -$4.44M | -$4.66M | -$3.59M | $2.06M | $17.6M | -$31.23M | -$16.81M | -$364K | -$103K | -$29K | $9.93M | $2.16M | -$4M | $13.19M | $15.39M | $41.77M | $3.93M | -$32.53M | -$28.17M | $2.99M | -$1.63M | -$4.9M |
| Financing Activities | |||||||||||||||||||||||||||
| Debt Repaid | -$2.35M | -$9.52M | $8.93M | $490K | $1.32M | -$2.96M | $320K | $162.13M | -$14.67M | $145K | -$107.89M | $3.33M | $609K | $100K | - | $6.24M | $255K | $2.93M | - | -$20.98M | -$42.25M | $5.95M | -$15.32M | $5.55M | $2.23M | $906K | -$2.1M |
| Common Stock Issuance | $36.3M | $38.82M | $133.16M | $99.21M | $220.65M | $176.42M | $30M | $44.92M | $65.56M | $2.17M | $109.67M | $56.79M | $26.46M | $10.54M | $7.98M | $11.53M | $18.59M | $46.83M | $78K | $469K | $327K | $54.62M | $92.59M | $563K | $219K | $601K | $0 |
| Common Stock Repurchases | -$87K | $0 | -$5.17M | -$3.79M | -$1.65M | $0 | $0 | $0 | -$527K | -$667K | $0 | $0 | $0 | -$593K | $0 | $0 | -$55K | -$258K | -$12K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $84.27M | $74.5M | $807K | $898K | $7.59M | $4.47M | $1.64M | $204.39M | $775 | -$3.82M | -$27.98M | $56.64M | -$74K | $633K | $54K | $49K | $141K | $47K | $4.49M | -$101K | $0 | $0 | -$111K | $56.25M | $572K | $66.79M | $40.5M |
| Net Cash from Financing | $122.84M | $122.84M | $119.87M | $95.83M | $225.26M | $183.85M | $31.32M | $128.28M | $80.54M | -$2.46M | $189.58M | $52.81M | $25.78M | $9.81M | $7.24M | $4.54M | $17.63M | $42.9M | $3.76M | $20.55M | $41.79M | $47.85M | $107.8M | $51.27M | -$1.44M | $66.48M | $42.6M |
| Forex Effect | -$260K | -$260K | -$628K | -$104K | -$164K | $379K | $770K | -$733K | $362K | -$429K | -$184K | $600K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$35.71M | -$35.71M | -$101.56M | -$113.26M | $192.09M | $40.7M | $8.75M | -$7.13M | -$11.26M | -$65.25M | $110.99M | -$1.64M | $5.88M | $10.72M | -$9.03M | -$285K | -$4.4M | $9.99M | -$9.74M | -$9M | $17.24M | -$8.44M | $24.08M | -$27.74M | -$35.27M | $49.72M | $24.2M |
| Supplementary Data | |||||||||||||||||||||||||||
| Operating Cash Flow | -$158.31M | -$158.31M | -$224.2M | -$175.37M | $10.14M | -$139.1M | -$18.68M | -$131.09M | -$94.23M | -$79.96M | -$47.18M | -$38.23M | -$19.53M | $1.01M | -$16.25M | -$14.76M | -$24.19M | -$28.91M | -$26.69M | -$44.94M | -$66.33M | -$60.22M | -$51.19M | -$50.83M | -$36.83M | -$15.13M | -$13.5M |
| Capital Expenditure | -$576K | -$576K | -$9.95M | -$53.06M | -$33.81M | -$3.47M | -$4.66M | -$3.6M | -$3.12M | -$12.52M | -$3.59M | -$2.82M | -$814K | -$103K | -$55K | -$130K | -$244K | -$206K | -$11K | -$330K | -$2.66M | -$3.97M | -$18.54M | -$2.31M | -$1.67M | -$2.64M | -$4.9M |
| Free Cash Flow | -$158.89M | -$158.89M | -$234.16M | -$228.44M | -$23.67M | -$142.56M | -$23.34M | -$134.69M | -$97.35M | -$92.48M | -$50.77M | -$41.05M | -$20.35M | $909K | -$16.3M | -$14.89M | -$24.44M | -$29.12M | -$26.7M | -$45.27M | -$68.99M | -$64.19M | -$69.72M | -$53.14M | -$38.49M | -$17.78M | -$18.4M |
| Cash at Beginning | $79.78M | $79.78M | $181.34M | $294.6M | $102.5M | $61.81M | $53.05M | $60.19M | $71.45M | $136.7M | $25.71M | $27.35M | $21.47M | $10.75M | $19.78M | $20.07M | $24.47M | $14.48M | $24.22M | $33.22M | $15.98M | $24.42M | $33.13M | $60.87M | $96.14M | $46.42M | $22.2M |
| Cash at End | $44.07M | $44.07M | $79.78M | $181.34M | $294.6M | $102.5M | $61.81M | $53.05M | $60.19M | $71.45M | $136.7M | $25.71M | $27.35M | $21.47M | $10.75M | $19.78M | $20.07M | $24.47M | $14.48M | $24.22M | $33.22M | $15.98M | $57.21M | $33.13M | $60.87M | $96.14M | $46.4M |