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Emmaus Life Sciences, Inc. (EMMA)

Emmaus Life Sciences, Inc. brought in $15.5M of revenue over the twelve months to June 30, 2026, up 11.0% from a year earlier. It posted a net loss of $6M. In fiscal 2025 capital spending exceeded operating cash flow by $12K. At June 30, 2026 it held $2.8M in cash against $25M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 14, 2026.

Watch EMMA in 60 seconds
Price
$0.07
+9.90% on the day · September 25, 2026
52-week range $0.01 to $0.09
Market cap
$4.8M
Revenue (last 12 months)
$15.5M
+11.0% year on year
Net margin
-38.8%

What Emmaus Life Sciences, Inc. does

Emmaus Life Sciences, Inc. is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on OTC under the ticker EMMA.

Revenue and profit by year

Revenue
FY19: $16.5M $16.5M FY19FY19: $22.8M $22.8M FY19FY20: $23.2M $23.2M FY20FY21: $20.6M $20.6M FY21FY22: $18.4M $18.4M FY22FY23: $29.6M $29.6M FY23FY24: $16.7M $16.7M FY24FY25: $12.5M $12.5M FY25
Net income
FY19: -$72.6M -$72.6M FY19FY19: -$54.8M -$54.8M FY19FY20: $1.4M $1.4M FY20FY21: -$15.9M -$15.9M FY21FY22: -$10.6M -$10.6M FY22FY23: -$3.7M -$3.7M FY23FY24: -$6.5M -$6.5M FY24FY25: -$7.5M -$7.5M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$12.5M$231K-$7.5M-$0.12-$12K
2024$16.7M-$1.9M-$6.5M-$0.10-$2.3M
2023$29.6M$3.5M-$3.7M-$0.07-$1.5M
2022$18.4M-$6.6M-$10.6M-$0.21-$5.1M
2021$20.6M-$6.1M-$15.9M-$0.32-$1.3M
2020$23.2M-$32K$1.4M$0.03-$2.5M

Full financial statements: income, balance sheet and cash flow

Next report expected around November 13, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 14, 2025. Not a date the company has announced. See the report calendar

Where EMMA ranks in Health care

Revenue$12.5M
#504 of 742 in Health care · Bottom 32%
Revenue growth-25.2%
#497 of 529 in Health care · Bottom 6%
Net margin-60.2%
#415 of 541 in Health care · Bottom 23%
Free cash flow margin-0.1%
#242 of 488 in Health care · Top 49%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What Emmaus Life Sciences, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 14, 2026
  2. August 14, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 124% to $6.3M versus the same quarter last year; diluted EPS $0.02 versus -$0.02.
  3. May 15, 2026
  4. May 15, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue fell 18% to $2M versus the same quarter last year; diluted EPS -$0.05 versus -$0.04.
  5. April 17, 2026
  6. April 14, 2026
  7. March 31, 2026
  8. March 31, 2026
    Annual report 10-K · period to December 31, 2025Revenue fell 25% to $12.5M versus the prior year; diluted EPS -$0.12 versus -$0.10.
  9. March 4, 2026
  10. December 31, 2025

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 2, 2026. Insider transactions on SEC

Insider trades

What the people running Emmaus Life Sciences, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders bought $15K worth of shares on the open market in the last 90 days and sold none.

Bought (open market)
$15K
last 90 days
Sold
$0
last 90 days
Net bought
290,767
$15K
DateInsiderWhatSharesPriceValueFiling
August 31, 2026 Lee Willis CCEO, Director Boughtindirect 100,000 $0.05 $5K Form 4
August 28, 2026 Lee Willis CCEO, Director Boughtindirect 94,767 $0.06 $5.7K Form 4
August 27, 2026 Lee Willis CCEO, Director Boughtindirect 50,000 $0.05 $2.5K Form 4
August 25, 2026 Lee Willis CCEO, Director Boughtindirect 46,000 $0.04 $1.8K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns EMMA

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

We have not read this company's Schedule 13D and 13G filings yet.

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

1 insiders reported holding 690,167 shares in total, about $46.8K at the last price.

HolderSharesAs of
Lee Willis CCEO, Director 690,167690,167 held indirectly August 31, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about EMMA

What does Emmaus Life Sciences, Inc. do?

Emmaus Life Sciences, Inc. is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on OTC under the ticker EMMA.

Is Emmaus Life Sciences, Inc. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $6M on revenue of $15.5M.

How much revenue does Emmaus Life Sciences, Inc. make?

Over the twelve months to June 30, 2026 Emmaus Life Sciences, Inc. reported revenue of $15.5M. That is 11.0% more than a year earlier.

When did Emmaus Life Sciences, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 14, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from September 2, 2026.

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Where the numbers come from

Financial figures are the values Emmaus Life Sciences, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.