Ensysce Biosciences, Inc. (ENSC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ENSC SEC filings page.
Ensysce Biosciences, Inc. (ENSC) reported $5.1M in revenue for fiscal year 2025, down 2.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Development-funded business: revenue is small relative to R&D, while external financing supports recurring cash consumption.
In FY2025, R&D spending exceeded revenue:$10.4M versus$5.1M , making product development the larger economic activity than reported sales. Revenue then slipped while R&D expanded, so the operating loss reflects a development-heavy cost structure rather than commercial scale absorbing those costs.
The 2025 net loss was
Equity moved from negative to positive, but the current ratio fell from 2.4x to 1.6x; improved net worth therefore did not mean steadily looser short-term finances. Reported liquidity equaled 6.6 months of annual outflow, while financing cash flow supplied
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Ensysce Biosciences, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Ensysce Biosciences, Inc. held $4.3M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $7.8M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Ensysce Biosciences, Inc. scores 23/100 among other emerging companies.
Ensysce Biosciences, Inc. had 9M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Ensysce Biosciences, Inc. scores 44/100 among other emerging companies.
Ensysce Biosciences, Inc. spent $10.4M on research and development in fiscal year 2025, which was 67.8% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Ensysce Biosciences, Inc. scores 89/100 among other emerging companies.
Ensysce Biosciences, Inc. reported revenue of $5.1M in fiscal year 2025, against $5.2M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Ensysce Biosciences, Inc. scores 79/100 among other emerging companies.
Ensysce Biosciences, Inc.'s operations used $7.8M of cash in fiscal year 2025, against $7.5M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Ensysce Biosciences, Inc. scores 60/100 among other emerging companies.
Ensysce Biosciences, Inc.'s cash, cash equivalents and investments came to $4.3M at the end of fiscal year 2025, against $4.6M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Ensysce Biosciences, Inc. scores 57/100 among other emerging companies.
Ensysce Biosciences, Inc. scores -28.43, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($9.5M) relative to total liabilities ($4.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Ensysce Biosciences, Inc. passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Ensysce Biosciences, Inc. reported a net loss of $10.2M while operations used $7.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Ensysce Biosciences, Inc. reported an operating loss of $10.2M against $6K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Ensysce Biosciences, Inc. generated $1.2M in revenue in Q2 2026. This represents a decrease of 15.1% from the same quarter a year earlier. Against the prior quarter it is up 21.2%.
Ensysce Biosciences, Inc.'s EBITDA was -$2.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 46.8% from the same quarter a year earlier. Against the prior quarter it is up 27.7%.
Ensysce Biosciences, Inc. reported -$2.6M in net income in Q2 2026. This represents a decrease of 48.3% from the same quarter a year earlier. Against the prior quarter it is up 27.7%.
Cash & Balance Sheet
Ensysce Biosciences, Inc. held $677K in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Not reported for Q2 2026.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q2 2026.
Capital Allocation
Ensysce Biosciences, Inc. invested $2.5M in research and development in Q2 2026. This represents an increase of 28.5% from the same quarter a year earlier. Against the prior quarter it is down 26.1%.
Not reported for Q2 2026.
Not reported for Q2 2026.
ENSC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2M-15.1% | $961K-27.2% | $1.9M+44.4% | $493K-85.6% | $1.4M+654.4% | $1.3M+331.7% | $1.3M+153.1% | $3.4M+685.3% |
| R&D Expenses | $2.5M+28.5% | $3.3M+77.5% | $3.6M-5.0% | $3.0M+74.8% | $1.9M+103.1% | $1.9M+142.1% | $3.8M+70.3% | $1.7M-11.7% |
| SG&A Expenses | $1.3M+5.9% | $1.2M-16.1% | $1.1M-2.4% | $1.3M+18.1% | $1.2M+0.7% | $1.4M+2.3% | $1.1M-25.1% | $1.1M-11.8% |
| Operating Income | -$2.6M-47.2% | -$3.6M-81.1% | -$2.8M+22.2% | -$3.7M-680.2% | -$1.8M+10.5% | -$2.0M-6.8% | -$3.6M-13.3% | $645K+123.8% |
| EBITDA | -$2.6M-46.8% | -$3.6M-80.7% | -$2.8M+22.4% | -$3.7M-680.2% | -$1.8M+10.5% | -$2.0M-6.8% | -$3.6M | $645K |
| Interest Expense | $320 | $834-8.3% | $2K+100.2% | $3K-21.0% | $0-100.0% | $909-99.9% | -$1.2M-460.6% | $4K-46.9% |
| Net Income | -$2.6M-48.3% | -$3.6M-82.8% | -$2.8M+22.3% | -$3.7M-663.5% | -$1.7M+11.9% | -$1.9M+37.6% | -$3.6M-1.7% | $662K+124.6% |
| EPS (Basic) | -$0.20+74.7% | -$0.52+62.6% | -$0.56+94.9% | -$1.29-229.0% | -$0.79+76.4% | -$1.39+83.1% | -$10.88+83.8% | $1.00+214.9% |
| EPS (Diluted) | -$0.20 | -$0.52 | -$0.56 | -$1.29 | -$0.79 | -$1.39 | -$10.88 | $1.00 |
| Diluted Shares (Avg) | 13M | 7M | N/A | 3M | 2M | 1M | N/A | 659,361 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Income Tax.
ENSC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.0M-46.9% | $2.2M-53.0% | $7.5M+33.1% | $3.2M-66.1% | $5.6M+99.4% | $4.6M-9.1% | $5.6M+106.7% | $9.4M+191.6% |
| Current Assets | $2.8M-46.1% | $2.0M-54.4% | $7.2M+35.6% | $2.9M-67.8% | $5.3M+114.7% | $4.4M-6.3% | $5.3M+133.5% | $9.1M+229.6% |
| Cash & Equivalents | $677K-69.4% | $745K-75.6% | $4.3M+23.1% | $1.7M-59.7% | $2.2M+112.0% | $3.1M-10.3% | $3.5M+211.7% | $4.2M+183.6% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.1M+61.8% | $2.8M+50.0% | $4.6M+106.0% | $2.3M-17.8% | $2.5M+91.0% | $1.9M+14.4% | $2.2M-34.0% | $2.8M+36.1% |
| Current Liabilities | $4.1M+61.9% | $2.8M+61.1% | $4.6M+106.9% | $2.3M-17.7% | $2.5M+92.3% | $1.8M+7.6% | $2.2M-33.8% | $2.8M+38.0% |
| Non-Current Liabilities | $0-100.0% | $0-100.0% | $0-100.0% | $35-98.9% | $1K-89.3% | $130K+646.7% | $10K-61.7% | $3K-89.5% |
| Total Equity | -$782K-123.1% | -$340K-111.2% | $3.2M-13.3% | $1.2M-82.6% | $3.4M+87.5% | $3.0M-18.7% | $3.7M+1248.6% | $6.9M+365.2% |
| Retained Earnings | -$145.8M-9.5% | -$143.3M-9.0% | -$139.7M-7.9% | -$137.0M-8.7% | -$133.2M-5.2% | -$131.5M-5.5% | -$129.5M-6.6% | -$126.0M-6.7% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
ENSC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.0M+27.5% | -$3.5M-105.0% | -$1.5M-99.7% | -$1.9M-82.9% | -$2.7M-17.2% | -$1.7M+49.9% | -$764K+57.6% | -$1.0M+54.9% |
| Depreciation & Amortization | $7K | $7K | $7K | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | N/A | $9K-46.2% | N/A | N/A | N/A | $16K-51.1% | N/A | N/A |
| Capital Expenditures | N/A | N/A | $0 | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | -$1.5M | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | $0 | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $1.9M+1.5% | -$64K-105.1% | $4.2M+3598.0% | $1.5M-64.9% | $1.9M+3742.5% | $1.3M-77.9% | $113K-92.3% | $4.1M+4131.7% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
ENSC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -221.3% | -370.7% | -147.8% | -758.7% | -127.6% | -149.1% | -274.3% | 18.9% |
| Net Margin | -220.8% | -370.1% | -147.0% | -756.3% | -126.4% | -147.4% | -273.4% | 19.4% |
| Return on Equity | N/A | N/A | -86.1%+10.0pp | -309.9%-319.5pp | -51.1%+57.7pp | -63.8%+19.3pp | -96.1% | 9.6%+190.8pp |
| Return on Assets | -86.9%-55.8pp | -164.1%-121.9pp | -37.1%+26.5pp | -117.3%-124.3pp | -31.1%+39.3pp | -42.2%+19.2pp | -63.7%+65.7pp | 7.0%+90.6pp |
| Current Ratio | 0.70-1.4x | 0.71-1.8x | 1.59-0.8x | 1.27-2.0x | 2.10+0.2x | 2.50-0.4x | 2.42+1.7x | 3.24+1.9x |
| Debt-to-Equity | N/A | N/A | 1.42+0.8x | 1.92+1.5x | 0.740.0x | 0.62+0.2x | 0.60 | 0.41-1.0x |
| Asset Turnover | 0.39+0.1x | 0.44+0.2x | 0.250.0x | 0.16-0.2x | 0.25+0.2x | 0.29+0.2x | 0.230.0x | 0.36+0.2x |
| FCF Margin | N/A | N/A | -81.1% | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Ensysce Biosciences, Inc. ENSC | FY2025 | $5.1M | -$10.2M | N/A | $9.5M | 59/100 |
| Artelo Biosciences, Inc. ARTL | FY2025 | N/A | -$12.9M | N/A | $3.0M | — |
| Silo Pharma, Inc. SILO | FY2025 | $72K | -$4.2M | N/A | $3.7M | — |
| Polyrizon Ltd. PLRZ | FY2025 | N/A | -$3.3M | N/A | $26.2M | — |
| TITAN PHARMACEUTICAL INC TTNP | FY2024 | N/A | -$4.7M | N/A | $6.1M | — |
Where Ensysce Biosciences, Inc. Ranks
Frequently Asked Questions
What is Ensysce Biosciences, Inc.'s annual revenue?
Ensysce Biosciences, Inc. (ENSC) reported $5.1M in total revenue for fiscal year 2025. This represents a -2.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ensysce Biosciences, Inc.'s revenue growing?
Ensysce Biosciences, Inc. (ENSC) revenue declined by 2.8% year-over-year, from $5.2M to $5.1M in fiscal year 2025.
Is Ensysce Biosciences, Inc. profitable?
No, Ensysce Biosciences, Inc. (ENSC) reported a net income of -$10.2M in fiscal year 2025.
What is Ensysce Biosciences, Inc.'s EBITDA?
Ensysce Biosciences, Inc. (ENSC) had EBITDA of -$10.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Ensysce Biosciences, Inc.'s return on equity (ROE)?
Ensysce Biosciences, Inc. (ENSC) has a return on equity of -316.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ensysce Biosciences, Inc.'s free cash flow?
Ensysce Biosciences, Inc. (ENSC) recorded an outflow of $7.9M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ensysce Biosciences, Inc.'s operating cash flow?
Ensysce Biosciences, Inc. (ENSC) recorded an outflow of $7.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Ensysce Biosciences, Inc.'s total assets?
Ensysce Biosciences, Inc. (ENSC) had $7.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ensysce Biosciences, Inc.'s capital expenditures?
Ensysce Biosciences, Inc. (ENSC) invested $124K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Ensysce Biosciences, Inc. spend on research and development?
Ensysce Biosciences, Inc. (ENSC) invested $10.4M in research and development during fiscal year 2025.
What is Ensysce Biosciences, Inc.'s current ratio?
Ensysce Biosciences, Inc. (ENSC) had a current ratio of 1.59 as of fiscal year 2025, which is generally considered healthy.
What is Ensysce Biosciences, Inc.'s debt-to-equity ratio?
Ensysce Biosciences, Inc. (ENSC) had a debt-to-equity ratio of 1.42 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ensysce Biosciences, Inc.'s return on assets (ROA)?
Ensysce Biosciences, Inc. (ENSC) had a return on assets of -136.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ensysce Biosciences, Inc.'s P/E ratio?
Ensysce Biosciences, Inc. (ENSC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $9.5M as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Ensysce Biosciences, Inc.'s price-to-sales ratio?
Ensysce Biosciences, Inc. (ENSC) trades at 2.1x sales, its market capitalization divided by revenue of $4.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $9.5M as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Ensysce Biosciences, Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Ensysce Biosciences, Inc. (ENSC) held $4.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $7.8M over that year. Dividing the one by the other, the reported balance equals about 7 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Ensysce Biosciences, Inc.'s Altman Z-Score?
Ensysce Biosciences, Inc. (ENSC) has an Altman Z-Score of -28.43, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Ensysce Biosciences, Inc.'s Piotroski F-Score?
Ensysce Biosciences, Inc. (ENSC) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ensysce Biosciences, Inc.'s earnings high quality?
Ensysce Biosciences, Inc. (ENSC) reported a net loss of $10.2M while operations used $7.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Ensysce Biosciences, Inc. cover its interest payments?
Ensysce Biosciences, Inc. (ENSC) reported an operating loss of $10.2M against $6K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Ensysce Biosciences, Inc.?
Ensysce Biosciences, Inc. (ENSC) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.