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Financial statements

Enhanced Group Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Enhanced Group Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2025FY2025
General and administrative0.010.11
Operating income-0.08-1.04
Interest income3.33
Pre-tax income-0.082.57
Net income-0.082.57

Balance sheet

FY2025FY2025
Cash and equivalents4.0225.3
Other current assets00.44
Total current assets030.3
Property, plant and equipment0.43
Total assets0.0332.1
Accounts payable0.69
Accrued liabilities0.030.41
Deferred revenue0
Total current liabilities0.270.47
Total liabilities0.2733.1
Paid-in capital0.0331
Retained earnings-0.27-32
Shareholders' equity2.25-1.05
Total equity2.25-1.05
Total liabilities and equity0.0332.1

Cash flow statement

FY2025FY2025
Net income-0.082.57
Cash from operations-0.07-0.77
Purchases of investments-200
Cash from investing-200
Cash from financing0.07201
Net change in cash0.7

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.44 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)-2,270.0%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-153.2%Net income / average total assets.

Growth

MetricValueHow it is calculated
Book value growth, 1y-146.5%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y127,191.0%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Liabilities / assets93.3%Total liabilities / total assets.
Tangible book value$3.1MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.59Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share-$0.32Cash from operations / diluted weighted shares.
Book value per share$0.03Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.03Tangible book value / shares outstanding.
Cash per share$0.17(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$558.4MShare price x shares outstanding.
Enterprise value$538.8MMarket cap + total debt - cash - short-term investments.
P/B182xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book182xMarket cap / tangible book value, when positive.
Earnings yield-12.4%Net income / market cap (the inverse of P/E).
Was Enhanced Group Inc. profitable in fiscal 2025?

Yes. Net income was $2.6M, a net margin of -.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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