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Financial statements

ENANTA PHARMACEUTICALS INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ENANTA PHARMACEUTICALS 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

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue88.310320720512297.186.279.267.665.3
Research and development40.557.594.9142137174165164131107
General and administrative1720.723.426.227.432.545.552.957.943.9
Operating income30.824.688.336.7-41.6-110-124-137-122-85.3
Interest expense0.050.04005.1510.97.68
Interest income1.742.53
Other non-operating income1.722.334.798.826.621.991.666.213.91.8
Pre-tax income32.626.993.145.6-35-108-122-131-118-83.5
Income tax10.99.2421.2-0.831.15-28.6-0.432.82-1.74-1.66
Net income21.717.77246.4-36.2-79-122-134-116-81.9
EBITDA32.526.890.840-38-106-121-135-119-80.8
EPS, basic1.140.933.742.37-1.81-3.92-5.91-6.38-5.48-3.84
EPS, diluted1.130.913.482.21-1.81-3.92-5.91-6.38-5.48-3.84
Shares, basic (weighted)18.919.119.319.60.020.020.020.020.020.02
Shares, diluted (weighted)19.219.420.7210.020.020.020.020.020.02

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents16.665.763.951.287.157.24485.437.232.3
Short-term investments158245284300187205285211157
Receivables12.810.667.251.323.523.620.38.616.656.88
Other current assets9.233.544.4515.313.714.213.413.312.48.59
Total current assets232238380402437319312423300204
Property, plant and equipment88.058.3710.98.65.946.1711.932.735.4
Lease right-of-use assets7.024.7123.622.840.737.5
Long-term investments7016.46532.610829.300
Other non-current assets0.090.090.090.090.70.80.090.09
Total assets281327414490486439375462377281
Accounts payable3.383.714.756.695.749.5464.181.95
Accrued liabilities4.517.979.8915.914.222.420.918.313.512.8
Total current liabilities7.89211622.624.236.229.862.857.548.6
Lease liabilities3.841.1322.421.253.954.8
Other non-current liabilities2.042.412.93.11.080.560.450.660.230.26
Total liabilities11.32520.527.330.639.454.1246248216
Paid-in capital242256277298327351398425451470
Retained earnings27.645.411716412848.6-73.2-207-323-405
Other comprehensive income0.02-0.11-0.40.150.84-0.38-3.72-1.170.3-0.34
Shareholders' equity27030239446245639932121712964.7
Total equity27030239446245639932121712964.7
Total liabilities and equity281327414490486439375462377281
Shares outstanding1919.119.419.720.120.220.821.121.421.4

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income21.717.77246.4-36.2-79-122-134-116-81.9
Depreciation and amortization1.662.142.523.263.643.332.972.372.344.59
Stock-based compensation9.3513.115.819.219.6212728.226.818.6
Deferred income tax-2.29-1.651.86-3.14-18.30.3500
Change in receivables2.452.23-56.615.927.8-0.083.2611.71.97-0.24
Change in payables1.450.631.321.79-0.883.77-4.63-1.15-0.41-1.31
Cash from operations35.852.729.271.47.09-70-84.8-103-78.8-19.3
Capital expenditures-4.74-2.51-2.98-5.42-1.45-0.75-2.13-9.06-17.9-12.9
Purchases of investments-192-251-293-549-339-307-171-373-307-210
Sales and maturities of investments154239
Cash from investing-43.7-4.57-35.4-86.719.83754.9-53.658.240.3
Stock issued1.031.086.246.8510.53.6121.32.210.150.15
Cash from financing2.711.024.412.578.983.0820198-27.6-26.6
Net change in cash-5.1549.1-1.77-12.735.9-29.9-9.8541.4-48.2-5.54
Free cash flow31.150.126.2665.64-70.7-86.9-112-96.7-32.2
Interest paid01.9911.78.79
Income taxes paid12.61.5926.112.70.110.0304.90.240.11

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 $11.88 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-90.0%Operating income / revenue.
EBITDA margin-82.5%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-96.7%Pre-tax income / revenue.
Net margin-96.9%Net income / revenue.
FCF margin-56.6%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-54.1%Cash from operations / revenue.
Return on equity (ROE)-62.6%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-21.3%Net income / average total assets.
Return on invested capital (ROIC)-68.6%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue132.1%Research and development expense / revenue.
Stock-based pay / revenue23.4%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue2.5%Capital expenditures / revenue.
D&A / revenue7.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-3.4%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-8.8%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-11.8%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-49.8%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-41.4%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-32.3%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-25.5%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-9.2%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-10.4%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y0.8%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y1.2%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y1.4%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio3.76xCurrent assets / current liabilities.
Quick ratio3.62x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio3.50x(Cash + short-term investments) / current liabilities.
Liabilities / assets66.0%Total liabilities / total assets.
Interest coverage-4.55xOperating income / interest expense.
Working capital$149.5MCurrent assets - current liabilities.
Tangible book value$101.1MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.22xRevenue / average total assets.
Fixed asset turnover2.04xRevenue / average property, plant and equipment.
Receivables turnover9.99xRevenue / average receivables.
Days sales outstanding37 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$2.17Net 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.
Revenue per share$2.24Revenue / diluted weighted shares.
FCF per share-$1.27Free cash flow / diluted weighted shares.
Operating cash flow per share-$1.21Cash from operations / diluted weighted shares.
Book value per share$3.47Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$3.47Tangible book value / shares outstanding.
Cash per share$6.51(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$346.0MShare price x shares outstanding.
Enterprise value$156.5MMarket cap + total debt - cash - short-term investments.
P/S5.30xMarket cap / revenue.
P/B3.42xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book3.42xMarket cap / tangible book value, when positive.
EV/Sales2.40xEnterprise value / revenue.
FCF yield-10.7%Free cash flow / market cap.
Earnings yield-18.3%Net income / market cap (the inverse of P/E).
What was ENANTA PHARMACEUTICALS INC's revenue in fiscal 2025?

ENANTA PHARMACEUTICALS INC reported revenue of $65.3M for fiscal 2025, 3.4% lower than the year before.

Was ENANTA PHARMACEUTICALS INC profitable in fiscal 2025?

No. It reported a net loss of $81.9M.

How much free cash flow did ENANTA PHARMACEUTICALS INC generate in fiscal 2025?

Cash from operations of $19.3M minus capital expenditures of $12.9M left free cash flow of -$32.2M.

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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