AGNT

The balance sheet shows cash of about 111 million at June 30, 2026 and no bank debt or public debt instruments. 2025 operating cash flow was 118.6 million and the company continued to generate cash in 2026 while funding dividends and buybacks.

The 34 million U.S. antitrust settlement has been partly paid with the remainder accrued and management indicates cash on hand is sufficient. Low fixed costs and minimal capex provide resilience, but thin GAAP margins leave limited buffer if volumes retrench.