AGENAgenus Inc.
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -99% · now 24% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can AGEN take a bad year?
Agenus Inc. carries $11M of net debt at 0.28× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.28×
Net debt / EBITDA
- Cash runway
- 0.2 years
Cash runway · burning $25M a quarter at the current rate
- Annualised volatility
- 111%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $30M
- Cash and short-term investments
- $19M
- Net debt
- $11M
- EBITDA, trailing twelve months
- $41M
- Operating profit, trailing twelve months
- $36M
- Total debt / EBITDA
- 0.73×
- Annualised volatilitytwo years of daily moves
- 111%
- Worst drawdown on file
- −99%
- Below its 52-week high
- 24%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.