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Side-by-side financial comparison of AVAX ONE TECHNOLOGY LTD. (AVX) and Ensysce Biosciences, Inc. (ENSC). Click either name above to swap in a different company.

Ensysce Biosciences, Inc. is the larger business by last-quarter revenue ($1.9M vs $1.0M, roughly 1.8× AVAX ONE TECHNOLOGY LTD.). Ensysce Biosciences, Inc. runs the higher net margin — -147.0% vs -1633.6%, a 1486.5% gap on every dollar of revenue.

Ensysce Biosciences, Inc. is a clinical-stage biotechnology firm specializing in developing innovative prodrug therapies for pain management and oncology indications. Its proprietary platform is designed to reduce opioid abuse risks while enhancing treatment efficacy, targeting global healthcare and pharmaceutical markets with a focus on unmet clinical needs.

AVX vs ENSC — Head-to-Head

Bigger by revenue
ENSC
ENSC
1.8× larger
ENSC
$1.9M
$1.0M
AVX
Higher net margin
ENSC
ENSC
1486.5% more per $
ENSC
-147.0%
-1633.6%
AVX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVX
AVX
ENSC
ENSC
Revenue
$1.0M
$1.9M
Net Profit
$-16.6M
$-2.8M
Gross Margin
Operating Margin
-1522.1%
-147.8%
Net Margin
-1633.6%
-147.0%
Revenue YoY
44.4%
Net Profit YoY
-480.2%
22.3%
EPS (diluted)
$32.17
$-0.51

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AVX
AVX
ENSC
ENSC
Q4 25
$1.0M
$1.9M
Q3 25
$525.9K
$493.1K
Q2 25
$452.0K
$1.4M
Q1 25
$344.4K
$1.3M
Q4 24
$1.3M
Q3 24
$0
$3.4M
Q2 24
$41.3K
Q4 23
$515.0K
Net Profit
AVX
AVX
ENSC
ENSC
Q4 25
$-16.6M
$-2.8M
Q3 25
$-8.4M
$-3.7M
Q2 25
$-8.1M
$-1.7M
Q1 25
$-145.5K
$-1.9M
Q4 24
$-3.6M
Q3 24
$-5.8M
$661.8K
Q2 24
$-4.2M
Q4 23
$-3.5M
Gross Margin
AVX
AVX
ENSC
ENSC
Q4 25
Q3 25
Q2 25
Q1 25
22.9%
Q4 24
Q3 24
Q2 24
18.4%
Q4 23
Operating Margin
AVX
AVX
ENSC
ENSC
Q4 25
-1522.1%
-147.8%
Q3 25
-496.6%
-758.7%
Q2 25
-328.4%
-127.6%
Q1 25
-600.0%
-149.1%
Q4 24
-274.3%
Q3 24
18.9%
Q2 24
-2827.7%
Q4 23
-612.7%
Net Margin
AVX
AVX
ENSC
ENSC
Q4 25
-1633.6%
-147.0%
Q3 25
-1588.0%
-756.3%
Q2 25
-1783.4%
-126.4%
Q1 25
-42.2%
-147.4%
Q4 24
-273.4%
Q3 24
19.4%
Q2 24
-10243.5%
Q4 23
-680.4%
EPS (diluted)
AVX
AVX
ENSC
ENSC
Q4 25
$32.17
$-0.51
Q3 25
$-5.55
$-1.29
Q2 25
$-27.60
$-0.79
Q1 25
$-1.17
$-1.39
Q4 24
$-0.89
Q3 24
$-57.19
$1.00
Q2 24
$-83.03
Q4 23
$-66.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVX
AVX
ENSC
ENSC
Cash + ST InvestmentsLiquidity on hand
$22.1M
$4.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$187.0M
$3.2M
Total Assets
$195.0M
$7.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVX
AVX
ENSC
ENSC
Q4 25
$22.1M
$4.3M
Q3 25
$894.7K
$1.7M
Q2 25
$185.3K
$2.2M
Q1 25
$1.4M
$3.1M
Q4 24
$3.5M
Q3 24
$4.2M
Q2 24
Q4 23
$1.1M
Total Debt
AVX
AVX
ENSC
ENSC
Q4 25
Q3 25
$1.8M
Q2 25
$8.6M
Q1 25
$10.2M
Q4 24
Q3 24
$2.2M
Q2 24
$3.1M
Q4 23
Stockholders' Equity
AVX
AVX
ENSC
ENSC
Q4 25
$187.0M
$3.2M
Q3 25
$12.2M
$1.2M
Q2 25
$4.1M
$3.4M
Q1 25
$6.4M
$3.0M
Q4 24
$3.7M
Q3 24
$6.7M
$6.9M
Q2 24
$11.3M
Q4 23
$-322.9K
Total Assets
AVX
AVX
ENSC
ENSC
Q4 25
$195.0M
$7.5M
Q3 25
$16.5M
$3.2M
Q2 25
$15.2M
$5.6M
Q1 25
$16.8M
$4.6M
Q4 24
$5.6M
Q3 24
$10.8M
$9.4M
Q2 24
$15.7M
Q4 23
$2.7M
Debt / Equity
AVX
AVX
ENSC
ENSC
Q4 25
Q3 25
0.15×
Q2 25
2.11×
Q1 25
1.59×
Q4 24
Q3 24
0.33×
Q2 24
0.28×
Q4 23

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVX
AVX
ENSC
ENSC
Operating Cash FlowLast quarter
$-14.4M
$-1.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVX
AVX
ENSC
ENSC
Q4 25
$-14.4M
$-1.5M
Q3 25
$-2.4M
$-1.9M
Q2 25
$-884.1K
$-2.7M
Q1 25
$-2.2M
$-1.7M
Q4 24
$-764.1K
Q3 24
$-1.2M
$-1.0M
Q2 24
$-919.2K
Q4 23
$-1.8M
Cash Conversion
AVX
AVX
ENSC
ENSC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-1.54×
Q2 24
Q4 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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