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Enanta Pharmaceuticals, Inc., a biotechnology company, discovers and develops small molecule drugs for virology and immunology indications. The company's product pipeline comprises EDP-514, which is in phase 1b clinical development for the treatment of chronic infection with hepatitis B virus or HBV; zelicapavir and EDP-323, which is in phase II clinical development for the treatment of respiratory syncytial virus; EDP-235, which is in phase II clinical development for the treatment of human coronaviruses; EDP-978 for chronic spontaneous urticaria (CSU); Glecaprevir, antiviral protease inhibitors for the treatment of chronic infection with hepatitis C virus or HCV; and EPS-3903 for the treatment of atopic dermatitis. It has a collaborative development and license agreement with Abbott Laboratories to develop, manufacture, and commercialize HCV NS3 and NS3/4A protease inhibitor compounds, including paritaprevir and glecaprevir. The company was incorporated in 1995 and is headquartered in Watertown, Massachusetts.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $65M | $-71M | $-82M | $-32M | -126.5% | -3.4% | - |
| 2024 | $68M | $-105M | $-116M | $-97M | -90.1% | -14.6% | - |
| 2023 | $79M | $-123M | $-134M | $-112M | -61.7% | -8.1% | - |
| 2022 | $86M | $-119M | $-122M | $-87M | -37.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 86.16 | 79.20 | 67.64 | 65.32 |
| Operating Expense | 210 | 216.41 | 189.33 | 150.67 |
| Operating Income | -123.84 | -137.21 | -121.69 | -85.35 |
| EBITDA | -119.22 | -123.48 | -104.51 | -71.28 |
| EBIT | -122.19 | -125.85 | -106.85 | -75.87 |
| Pretax Income | -122.19 | -131 | -117.79 | -83.55 |
| Tax Provision | -0.43 | 2.82 | -1.74 | -1.66 |
| Net Income | -121.75 | -133.82 | -116.05 | -81.89 |
| Net Income Common Stockholders | -121.75 | -133.82 | -116.05 | -81.89 |
| Total Expenses | 210 | 216.41 | 189.33 | 150.67 |
| Interest Expense | 0 | 5.15 | 10.94 | 7.68 |
| Interest Income | 1.57 | 11.36 | 14.77 | 9.44 |
| Research And Development | 164.52 | 163.52 | 131.48 | 106.74 |
| Selling General And Administration | 45.48 | 52.89 | 57.85 | 43.93 |
| Normalized EBITDA | -119.30 | -123.48 | -104.58 | -71.32 |
| Normalized Income | -121.84 | -133.82 | -116.12 | -81.93 |
| Basic EPS | -5.91 | -6.38 | -5.48 | -3.84 |
| Diluted EPS | -5.91 | -6.38 | -5.48 | -3.84 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0 | 0.21 | 0.01 | 0.02 |
| Total Unusual Items | 0.08 | 0 | 0.07 | 0.04 |
| Total Unusual Items Excluding Goodwill | 0.08 | 0 | 0.07 | 0.04 |
| Net Income From Continuing Operation Net Minority Interest | -121.75 | -133.82 | -116.05 | -81.89 |
| Reconciled Depreciation | 2.97 | 2.37 | 2.34 | 4.59 |
| Net Interest Income | 1.57 | 6.21 | 3.83 | 1.76 |
| Net Income From Continuing And Discontinued Operation | -121.75 | -133.82 | -116.05 | -81.89 |
| Total Operating Income As Reported | -123.84 | -137.21 | -121.69 | -85.35 |
| Diluted Average Shares | 20.60 | 20.97 | 21.16 | 21.34 |
| Basic Average Shares | 20.60 | 20.97 | 21.16 | 21.34 |
| Diluted NI Availto Com Stockholders | -121.75 | -133.82 | -116.05 | -81.89 |
| Net Income Including Noncontrolling Interests | -121.75 | -133.82 | -116.05 | -81.89 |
| Net Income Continuous Operations | -121.75 | -133.82 | -116.05 | -81.89 |
| Other Income Expense | 0.08 | 0 | 0.07 | 0.04 |
| Other Non Operating Income Expenses | 0.08 | 0 | 0 | 0 |
| Gain On Sale Of Security | 0.08 | 0 | 0.07 | 0.04 |
| Net Non Operating Interest Income Expense | 1.57 | 6.21 | 3.83 | 1.76 |
| Interest Expense Non Operating | 0 | 5.15 | 10.94 | 7.68 |
| Interest Income Non Operating | 1.57 | 11.36 | 14.77 | 9.44 |
| General And Administrative Expense | 45.48 | 52.89 | 57.85 | 43.93 |
| Other Gand A | 45.48 | 52.89 | 57.85 | 43.93 |
| Operating Revenue | 86.16 | 79.20 | 67.64 | 65.32 |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Enanta Pharmaceuticals, Inc.this co. | ENTA | $402M | - | 3.18 | -126.5% | -6.01 |
| Benitec Biopharma Inc. | BNTC | $416M | - | 2.22 | -39.0% | -4.75 |
| Neurogene Inc. | NGNE | $414M | - | 1.55 | -34.1% | -1.53 |
| Emergent BioSolutions Inc. | EBS | $413M | 8.59 | 0.80 | 10.1% | 3.79 |
| Community Health Systems, Inc. | CYH | $404M |
| 0.83 |
| -0.27 |
| -60.8% |
| 7.88 |
| CTEV | CTEV | $391M | - | -2.19 | 170.1% | 9.33 |
| TruBridge, Inc. | TBRG | $386M | 88.72 | 2.10 | 2.4% | 13.37 |
| Weave Communications, Inc. | WEAV | $385M | - | 4.61 | -34.1% | -18.58 |
| Cerus Corporation | CERS | $385M | - | 5.75 | -24.1% | -52.90 |
| Peer Median | - | 8.59 | 1.82 | -29.1% | 1.13 | |