What is Ernexa Therapeutics Inc's earnings per share (EPS)?

Ernexa Therapeutics Inc (ERNAW) reported diluted earnings per share of $-2.24 for fiscal year 2025. This represents a 95.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ernexa Therapeutics Inc Financials

ERNAW

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Ernexa Therapeutics Inc (ERNAW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

Financial Health Signals

Piotroski F-Score Weak

3/9

Ernexa Therapeutics Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.50x

For every $1 of reported earnings, Ernexa Therapeutics Inc generates $0.50 in operating cash flow (-$7.0M OCF vs -$14.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-423.6x

Ernexa Therapeutics Inc earns $-423.6 in operating income for every $1 of interest expense (-$9.3M vs $22K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

-$9.3M

YoY+40.4%

Ernexa Therapeutics Inc's EBITDA was -$9.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 40.4% from the prior year.

Net Income

-$14.1M

YoY+68.4%

Ernexa Therapeutics Inc reported -$14.1M in net income in fiscal year 2025. This represents an increase of 68.4% from the prior year.

EPS (Diluted)

$-2.24

YoY+95.4%

Ernexa Therapeutics Inc earned $-2.24 per diluted share (EPS) in fiscal year 2025. This represents an increase of 95.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$7.1M

YoY+56.5%

Ernexa Therapeutics Inc generated -$7.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 56.5% from the prior year.

Cash & Debt

$1.9M

YoY+9.0%

5Y CAGR+19.4%

10Y CAGR-5.2%

Ernexa Therapeutics Inc held $1.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+129.2%

10Y CAGR+15.6%

Ernexa Therapeutics Inc had 8M shares outstanding in fiscal year 2025. This represents an increase of 129.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-586.6%

YoY+2031.8pp

5Y CAGR-491.4pp

10Y CAGR-398.8pp

Ernexa Therapeutics Inc's ROE was -586.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2031.8 percentage points from the prior year.

Capital Allocation

R&D Spending

$4.2M

YoY-9.7%

5Y CAGR+360.8%

Ernexa Therapeutics Inc invested $4.2M in research and development in fiscal year 2025. This represents a decrease of 9.7% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$37K

YoY-90.0%

5Y CAGR-1.0%

10Y CAGR-28.0%

Ernexa Therapeutics Inc invested $37K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 90.0% from the prior year.

ERNAW Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	$582K+755.9%	$68K	$0	N/A	$5.8M
Cost of Revenue	N/A	$96K-59.3%	$236K	$0	N/A	N/A
Gross Profit	N/A	$486K+389.3%	-$168K	$0	N/A	N/A
R&D Expenses	$4.2M-9.7%	$4.6M-22.2%	$5.9M-43.0%	$10.4M-18.2%	$12.7M+635150.0%	$2K
SG&A Expenses	$5.2M-60.7%	$13.1M-10.0%	$14.6M-13.4%	$16.8M+14.3%	$14.7M+82.0%	$8.1M
Operating Income	-$9.3M+40.5%	-$15.7M+25.8%	-$21.1M+36.4%	-$33.2M+70.8%	-$113.7M-1469.2%	-$7.2M
Interest Expense	$22K-87.4%	$174K-71.7%	$614K+1946.7%	$30K	N/A	$118K
Income Tax	-$45K-250.0%	$30K+1100.0%	-$3K-106.7%	$45K-29.7%	$64K	$0
Net Income	-$14.1M+68.4%	-$44.5M-105.6%	-$21.7M+11.8%	-$24.6M+79.9%	-$122.5M-1580.8%	-$7.3M
EPS (Diluted)	$-2.24+95.4%	$-48.96-1100.0%	$-4.08+49.4%	$-8.06+85.8%	$-56.61-13707.3%	$-0.41

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	N/A	N/A	N/A	$1K-99.8%	$487K+936.2%	$47K0.0%	$47K
Cost of Revenue	N/A	N/A	N/A	N/A	$0+100.0%	-$60K-163.2%	$95K+55.7%	$61K
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	-$48K-242.9%	-$14K
R&D Expenses	N/A	$1.0M-8.9%	$1.1M-13.2%	$1.3M+13.0%	$1.2M+15.7%	$1.0M+1.4%	$987K-32.3%	$1.5M
SG&A Expenses	N/A	$958K-29.8%	$1.4M-3.9%	$1.4M-7.7%	$1.5M-54.5%	$3.4M-13.2%	$3.9M-9.7%	$4.3M
Operating Income	N/A	-$2.0M+20.3%	-$2.5M+8.4%	-$2.7M-1.2%	-$2.7M-19.4%	-$2.3M+54.2%	-$4.9M+14.8%	-$5.8M
Interest Expense	N/A	N/A	N/A	$6K+100.2%	-$2.7M-260.8%	$1.7M+112.5%	$800K+96.6%	$407K
Income Tax	N/A	$6K+100.0%	$3K-62.5%	$8K-27.3%	$11K-8.3%	$12K+300.0%	$3K-25.0%	$4K
Net Income	N/A	-$1.2M+60.5%	-$3.1M+61.7%	-$8.2M-42.4%	-$5.8M+78.4%	-$26.6M-381.2%	-$5.5M+16.8%	-$6.6M
EPS (Diluted)	N/A	$-0.15+75.4%	$-0.61	$-0.15	N/A	$-73.70-380.4%	$-15.34-1147.2%	$-1.23

ERNAW Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$5.8M+10.7%	$5.3M-89.3%	$49.1M+120.5%	$22.3M-29.3%	$31.5M+144.3%	$12.9M
Current Assets	$3.1M+33.2%	$2.4M-75.5%	$9.6M-29.8%	$13.7M-27.1%	$18.8M+983.5%	$1.7M
Cash & Equivalents	$1.9M+9.0%	$1.7M-77.2%	$7.6M-33.8%	$11.4M-32.6%	$17.0M+2086.0%	$777K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	$684K	$0
Goodwill	$2.0M0.0%	$2.0M0.0%	$2.0M0.0%	$2.0M0.0%	$2.0M0.0%	$2.0M
Total Liabilities	$3.4M-3.8%	$3.6M-92.4%	$46.9M+361.1%	$10.2M+68.9%	$6.0M+14.8%	$5.2M
Current Liabilities	$3.1M+6.0%	$2.9M-55.3%	$6.6M-14.1%	$7.7M+108.2%	$3.7M+17.7%	$3.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$532K
Total Equity	$2.4M+41.2%	$1.7M-23.8%	$2.2M-81.6%	$12.1M-52.5%	$25.5M+233.0%	$7.7M
Retained Earnings	-$245.6M-6.1%	-$231.5M-23.8%	-$187.0M-13.1%	-$165.3M-17.5%	-$140.7M-675.6%	-$18.1M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$5.8M-5.5%	$6.2M-18.6%	$7.6M+49.9%	$5.1M-4.0%	$5.3M-31.7%	$7.7M-83.4%	$46.5M-6.4%	$49.7M
Current Assets	$3.1M-7.3%	$3.4M-29.5%	$4.8M+116.7%	$2.2M-6.0%	$2.4M-50.3%	$4.7M+32.0%	$3.6M-41.9%	$6.2M
Cash & Equivalents	$1.9M-38.2%	$3.0M-29.4%	$4.3M+125.0%	$1.9M+10.9%	$1.7M-59.5%	$4.3M+64.9%	$2.6M-49.5%	$5.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.0M0.0%	$2.0M0.0%	$2.0M0.0%	$2.0M0.0%	$2.0M0.0%	$2.0M0.0%	$2.0M0.0%	$2.0M
Total Liabilities	$3.4M+31.9%	$2.6M-17.1%	$3.1M-71.5%	$11.0M+208.5%	$3.6M-93.3%	$53.1M-3.5%	$55.0M+3.7%	$53.1M
Current Liabilities	$3.1M+45.2%	$2.1M-19.1%	$2.7M-74.6%	$10.4M+255.3%	$2.9M-70.5%	$10.0M+3.7%	$9.6M+23.6%	$7.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.4M-32.7%	$3.6M-19.6%	$4.4M+174.7%	-$6.0M-449.8%	$1.7M+103.7%	-$45.4M-432.4%	-$8.5M-149.9%	-$3.4M
Retained Earnings	-$245.6M-0.6%	-$244.1M-0.5%	-$242.9M-1.3%	-$239.7M-3.5%	-$231.5M-2.6%	-$225.8M-13.4%	-$199.2M-2.9%	-$193.6M

ERNAW Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$7.0M+55.7%	-$15.8M+22.4%	-$20.4M+2.7%	-$21.0M+10.7%	-$23.5M-189.9%	-$8.1M
Capital Expenditures	$37K-90.0%	$369K+1842.1%	$19K-93.6%	$297K+92.9%	$154K+294.9%	$39K
Free Cash Flow	-$7.1M+56.5%	-$16.2M+20.7%	-$20.4M+4.0%	-$21.3M+10.0%	-$23.6M-190.4%	-$8.1M
Investing Cash Flow	-$37K+89.9%	-$365K-1821.1%	-$19K+59.6%	-$47K+99.8%	-$22.7M-58212.8%	-$39K
Financing Cash Flow	$7.2M+15.2%	$6.3M-62.2%	$16.6M-15.4%	$19.6M-68.2%	$61.6M+1219.0%	$4.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$1.1M+9.7%	-$1.3M+49.8%	-$2.5M-22.6%	-$2.1M+41.7%	-$3.5M+43.6%	-$6.3M-178.2%	-$2.3M+39.7%	-$3.7M
Capital Expenditures	$15K	N/A	N/A	N/A	$0-100.0%	$19K-92.4%	$249K+146.5%	$101K
Free Cash Flow	-$1.2M	N/A	N/A	N/A	-$3.5M+43.8%	-$6.3M-151.4%	-$2.5M+34.8%	-$3.8M
Investing Cash Flow	-$15K	N/A	N/A	N/A	$0+100.0%	-$19K+92.4%	-$249K-156.7%	-$97K
Financing Cash Flow	$0-100.0%	$26K-99.5%	$4.9M+118.7%	$2.3M+123.2%	$1.0M-74.0%	$3.9M+17768.2%	-$22K-101.6%	$1.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ERNAW Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	83.5%+330.6pp	-247.1%	N/A	N/A	N/A
Operating Margin	N/A	-2693.1%+28387.8pp	-31080.9%	N/A	N/A	-125.0%
Net Margin	N/A	-7652.8%+24212.0pp	-31864.7%	N/A	N/A	-125.7%
Return on Equity	-586.6%+2031.8pp	-2618.4%-1648.0pp	-970.4%-767.3pp	-203.0%+277.5pp	-480.5%-385.3pp	-95.2%
Return on Assets	-241.4%+603.9pp	-845.3%-801.2pp	-44.1%+66.2pp	-110.3%+278.4pp	-388.7%-332.2pp	-56.5%
Current Ratio	1.01+0.2	0.80-0.7	1.46-0.3	1.79-3.3	5.10+4.5	0.55
Debt-to-Equity	1.43-0.7	2.10-18.9	21.00+20.2	0.84+0.6	0.24+0.2	0.07
FCF Margin	N/A	-2784.4%+27255.4pp	-30039.7%	N/A	N/A	-140.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	-102.1%-72.3pp	-29.8%
Operating Margin	N/A	N/A	N/A	N/A	-269700.0%-269236.1pp	-463.9%+10027.6pp	-10491.5%+1821.3pp	-12312.8%
Net Margin	N/A	N/A	N/A	N/A	-575900.0%-570437.2pp	-5462.8%+6301.0pp	-11763.8%+2378.7pp	-14142.5%
Return on Equity	N/A	-34.7%+35.9pp	-70.7%	N/A	-338.6%	N/A	N/A	N/A
Return on Assets	N/A	-20.1%+21.3pp	-41.4%+120.7pp	-162.1%-52.8pp	-109.3%+235.4pp	-344.7%-332.8pp	-11.9%+1.5pp	-13.4%
Current Ratio	1.01-0.6	1.58-0.2	1.81+1.6	0.21-0.6	0.80+0.3	0.48+0.1	0.37-0.4	0.79
Debt-to-Equity	1.43+0.7	0.73+0.0	0.71+2.6	-1.85-3.9	2.10+3.3	-1.17+5.3	-6.45+9.1	-15.55
FCF Margin	N/A	N/A	N/A	N/A	-354500.0%-353205.5pp	-1294.5%+4041.7pp	-5336.2%+2851.1pp	-8187.2%

Frequently Asked Questions

Is Ernexa Therapeutics Inc profitable?

No, Ernexa Therapeutics Inc (ERNAW) reported a net income of -$14.1M in fiscal year 2025.

What is Ernexa Therapeutics Inc's EBITDA?

Ernexa Therapeutics Inc (ERNAW) had EBITDA of -$9.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Ernexa Therapeutics Inc's return on equity (ROE)?

Ernexa Therapeutics Inc (ERNAW) has a return on equity of -586.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Ernexa Therapeutics Inc's free cash flow?

Ernexa Therapeutics Inc (ERNAW) generated -$7.1M in free cash flow during fiscal year 2025. This represents a 56.5% change compared to the previous fiscal year. 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 Ernexa Therapeutics Inc's operating cash flow?

Ernexa Therapeutics Inc (ERNAW) generated -$7.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ernexa Therapeutics Inc's total assets?

Ernexa Therapeutics Inc (ERNAW) had $5.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Ernexa Therapeutics Inc's capital expenditures?

Ernexa Therapeutics Inc (ERNAW) invested $37K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Ernexa Therapeutics Inc spend on research and development?

Ernexa Therapeutics Inc (ERNAW) invested $4.2M in research and development during fiscal year 2025.

How many shares does Ernexa Therapeutics Inc have outstanding?

Ernexa Therapeutics Inc (ERNAW) had 8M shares outstanding as of fiscal year 2025.

What is Ernexa Therapeutics Inc's current ratio?

Ernexa Therapeutics Inc (ERNAW) had a current ratio of 1.01 as of fiscal year 2025, which is considered adequate.

What is Ernexa Therapeutics Inc's debt-to-equity ratio?

Ernexa Therapeutics Inc (ERNAW) had a debt-to-equity ratio of 1.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ernexa Therapeutics Inc's return on assets (ROA)?

Ernexa Therapeutics Inc (ERNAW) had a return on assets of -241.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Ernexa Therapeutics Inc's cash runway?

Based on fiscal year 2025 data, Ernexa Therapeutics Inc (ERNAW) had $1.9M in cash against an annual operating cash burn of $7.0M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Ernexa Therapeutics Inc's Piotroski F-Score?

Ernexa Therapeutics Inc (ERNAW) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ernexa Therapeutics Inc's earnings high quality?

Ernexa Therapeutics Inc (ERNAW) has an earnings quality ratio of 0.50x, considered low quality (accrual-driven). 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 Ernexa Therapeutics Inc cover its interest payments?

Ernexa Therapeutics Inc (ERNAW) has an interest coverage ratio of -423.6x, meaning it can struggle to cover its interest obligations. 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.