Agnt (AGNT) FY2024 results: revenue $4.6 billion, up 6.7% on the year

Agnt, Inc. (AGNT) reported revenue of $4.6 billion for fiscal 2024, the year ended 31 December 2024, up 6.7% on the year before. Net income was -$21 million, and diluted earnings per share $-0.14. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.

Revenue

$4.6 billion

+6.7% on the year

FY2017FY2024

Operating margin

-0.4%

0.0% a year earlier

FY2017FY2024

Net income

-$21 million

FY2017FY2024

Diluted EPS

-$0.14

FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ million	FY2024	FY2023	FY2022	On the year
Revenue	4,568	4,281	4,598	+6.7%
Gross profit	342	320	n/a	+7.0%
Gross margin	7.5%	7.5%	n/a
Research and development	58.2	59.5	54.2	-2.3%
Operating income	-19.0	0.5	16.4
Operating margin	-0.4%	0.0%	0.4%
Pre-tax income	-15.7	3.5	15.5
Income tax	1.1	-0.0	-8.2
Effective tax rate	n/a	-0.5%	-52.8%
Net income	-21.3	-9.0	15.4
Net margin	-0.5%	-0.2%	0.3%
Diluted EPS	-$0.14	-$0.06	$0.10

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2024	FY2023	FY2022	On the year
Operating cash flow	192	209	211	-8.4%
Capital expenditure	6.5	5.4	12.1	+20.9%
Free cash flow	185	204	198	-9.2%
Free cash flow margin	4.1%	4.8%	4.3%
Cash from investing	-19.5	-13.5	-22.5
Cash from financing	-170	-184	-205
Depreciation and amortisation	7.8	10.9	9.8	-28.1%
Buybacks	141	161	179	-12.1%
Dividends paid	30.1	28.5	25.2	+5.5%
Dividend per share	$0.05	$0.05	n/a	0.0%
Diluted shares, weighted	154m	153m	156m	+0.3%
Shares outstanding at period end	154m	155m	153m	-0.3%

Balance sheet

$ million	FY2024	FY2023	FY2022	On the year
Shareholders' equity	205	243	248	-15.6%
Non-controlling interest	n/a	1.2	1.2
Debt	0.0	0.0	4.7
Operating lease liabilities	n/a	n/a	0.7
Other liabilities	186	142	127	+31.2%
Total liabilities and equity	391	386	382	+1.3%
Fixed assets	11.0	12.0	18.2	-7.8%
Goodwill	17.2	17.0	27.2	+1.4%
Intangible assets	6.5	7.0	8.7	-7.9%
Cash and equivalents	114	126	122	-9.7%
Receivables	87.7	85.3	87.3	+2.8%
Other assets	155	139	119	+11.7%
Total assets	391	386	382	+1.3%

10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.