Ensysce Biosciences, Inc. (ENSC) AI Stock Analysis
ENSC AI stock analysis summary
AI ResearchEnsysce Biosciences, Inc. is a clinical-stage biotechnology company developing abuse-resistant and overdose-protected pain medications. The company generated $4.5M in trailing twelve-month revenue with a net profit margin of -280.5%. As of June 30, 2026, it held $676,704 in cash against negative shareholders' equity of -$781,697.
- Market cap
- $10.1M
- Revenue (TTM)
- $4.5M
- P/E
- — fwd 0.9x
- 1Y return
- -79.8% S&P 500 16.8%
- Avg. target
- $8.25 1492.7% vs last close
Bull case
- The mean analyst price target of $8.25 reflects an upside of 1492.7% compared to the last close of $0.52.
- Net cash stood at $479,862 as of June 30, 2026, with cash of $676,704 exceeding total debt of $196,842.
- EPS improved from -$13.40 in FY2024 to -$4.22 in FY2025, beating consensus estimates in 3 of the last 4 quarters.
Bear case
- The company remains deeply unprofitable, reporting a trailing twelve-month profit margin of -280.5% and net income of -$10.2M in FY2025.
- Liquidity and capital structure are strained, marked by negative shareholders' equity of -$781,697 and a current ratio of 0.70 as of June 30, 2026.
- Heavy dilution has occurred, with share issuance of $9.8M in FY2025 driving a 5-year share count increase of 12883.7%.
What Ensysce Biosciences does
Ensysce Biosciences, Inc. is a clinical-stage pharmaceutical company focused on developing prescription drugs for severe pain management while reducing opioid addiction, abuse, and overdose in the United States. Its technology includes the Trypsin Activated Abuse Protection (TAAP) and Multi-Pill Abuse Resistance (MPAR) platforms. The lead product candidate is PF614, an oxycodone prodrug in Phase II clinical trials for acute and chronic pain. The company is also evaluating PF614-MPAR for overdose protection, along with PF329 for hydromorphone delivery, PF8001 and PF8026 for ADHD abuse prevention, and PF26810 for opioid use disorder.
Growth and profitability
Revenue grew at a 5-year CAGR of 5.2% from FY2020 to FY2025. Annual revenue was $3.5M in FY2021, $2.5M in FY2022, and $2.2M in FY2023 before rising to $5.2M in FY2024. In FY2025, revenue fell 2.8% to $5.1M, accompanied by a gross margin of -104.8%, an operating margin of -202.1%, and net income of -$10.2M. Diluted EPS was -$4.22 in FY2025 following -$13.40 in FY2024. Over the trailing twelve months ended June 30, 2026, revenue stood at $4.5M with an operating margin of -221.3%. For the latest quarter ended June 30, 2026, quarterly revenue fell 15.1% year-over-year.
Balance sheet and cash flow
As of June 30, 2026, Ensysce Biosciences held $676,704 in cash and short-term investments and $196,842 in total debt, yielding net cash of $479,862. Shareholders' equity was -$781,697 alongside total assets of $3.0M, resulting in a current ratio of 0.70. For FY2025, operating cash flow was -$7.8M and free cash flow was -$7.9M. Cash use included $123,643 in capital expenditures, while the company raised capital through $9.8M in share issuances, contributing to a 5-year share count change of 12883.7%.
Valuation and performance
At a last close of $0.52 on October 16, 2026, Ensysce Biosciences had a market capitalization of $10.1M and an enterprise value of $7.6M. The stock trades at a price-to-sales ratio of 2.2x and a forward P/E of 0.9x, compared to medians of 4.1x and 17.3x, respectively, for its US-listed Healthcare peers. Its price-to-book ratio is 0.9x. Over the past year, ENSC dropped 79.8%, while the S&P 500 (SPY) returned 16.8%. Over five years, ENSC declined 100.0% versus an 83.0% gain for SPY.
What analysts expect
One analyst provides estimates for the next fiscal year. The mean price target is $8.25, representing a 1492.7% premium over the last close of $0.52. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $4.6M and an EPS of -$1.09. For the next fiscal year, estimates project revenue of $0 and an EPS of -$0.05. The company beat EPS estimates in 3 of the last 4 quarters. The next earnings date is November 13, 2026.
Key risks and what to watch
- Operating cash flow was -$7.8M in FY2025 against just $676,704 in cash and short-term investments as of June 30, 2026.
- Revenue dropped 15.1% year-over-year in the quarter ended June 30, 2026, while analyst estimates project $0 in revenue for the next fiscal year.
- The stock has lost 79.8% over the past year and trades with a beta of 1.02.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this ENSC AI stock analysis
This page is an AI-written research summary of Ensysce Biosciences, Inc. (ENSC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: ENSC income statement, ENSC balance sheet, ENSC key metrics, ENSC analyst forecast, ENSC chart. See the ENSC stock overview for the latest quote and news.
ENSC AI stock analysis FAQ
Does Ensysce Biosciences pay a dividend?
Ensysce Biosciences does not pay a dividend, prioritizing resources toward clinical trials after generating free cash flow of -$7.9M in FY2025.
What are the main clinical drug programs for ENSC?
Ensysce Biosciences is developing PF614, an oxycodone prodrug in Phase II clinical trials for acute and chronic pain, alongside PF614-MPAR for overdose protection. It is also advancing prodrugs PF329, PF8001, PF8026, and PF26810.
What is Ensysce Biosciences' cash and debt position?
As of June 30, 2026, the company held $676,704 in cash and short-term investments compared to $196,842 in total debt, giving it net cash of $479,862.
When is ENSC's next earnings report?
Ensysce Biosciences is scheduled to report earnings next on November 13, 2026.