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Side-by-side financial comparison of Ensysce Biosciences, Inc. (ENSC) and Qudian Inc. (HTT). Click either name above to swap in a different company.

Ensysce Biosciences, Inc. is the larger business by last-quarter revenue ($1.9M vs $1.1M, roughly 1.7× Qudian Inc.). Qudian Inc. runs the higher net margin — 239.8% vs -147.0%, a 386.8% 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.

Qudian Inc. is a China-based fintech service provider that mainly offers small consumer credit solutions, risk management technical services, and related digital financial products. Its core target users are young mass consumers across China, with all key business operations focused on the domestic Chinese market.

ENSC vs HTT — Head-to-Head

Bigger by revenue
ENSC
ENSC
1.7× larger
ENSC
$1.9M
$1.1M
HTT
Higher net margin
HTT
HTT
386.8% more per $
HTT
239.8%
-147.0%
ENSC

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
ENSC
ENSC
HTT
HTT
Revenue
$1.9M
$1.1M
Net Profit
$-2.8M
$2.6M
Gross Margin
11.1%
Operating Margin
-147.8%
-121.7%
Net Margin
-147.0%
239.8%
Revenue YoY
44.4%
Net Profit YoY
22.3%
EPS (diluted)
$-0.51
$0.01

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
ENSC
ENSC
HTT
HTT
Q4 25
$1.9M
Q3 25
$493.1K
Q2 25
$1.4M
Q1 25
$1.3M
Q4 24
$1.3M
Q3 24
$3.4M
$1.1M
Q2 24
$1.0M
Q1 24
$1.1M
Net Profit
ENSC
ENSC
HTT
HTT
Q4 25
$-2.8M
Q3 25
$-3.7M
Q2 25
$-1.7M
Q1 25
$-1.9M
Q4 24
$-3.6M
Q3 24
$661.8K
$2.6M
Q2 24
$1.9M
Q1 24
$-1.4M
Gross Margin
ENSC
ENSC
HTT
HTT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
11.1%
Q2 24
13.3%
Q1 24
Operating Margin
ENSC
ENSC
HTT
HTT
Q4 25
-147.8%
Q3 25
-758.7%
Q2 25
-127.6%
Q1 25
-149.1%
Q4 24
-274.3%
Q3 24
18.9%
-121.7%
Q2 24
-107.6%
Q1 24
-129.9%
Net Margin
ENSC
ENSC
HTT
HTT
Q4 25
-147.0%
Q3 25
-756.3%
Q2 25
-126.4%
Q1 25
-147.4%
Q4 24
-273.4%
Q3 24
19.4%
239.8%
Q2 24
187.1%
Q1 24
-131.8%
EPS (diluted)
ENSC
ENSC
HTT
HTT
Q4 25
$-0.51
Q3 25
$-1.29
Q2 25
$-0.79
Q1 25
$-1.39
Q4 24
$-0.89
Q3 24
$1.00
$0.01
Q2 24
$0.01
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
ENSC
ENSC
HTT
HTT
Cash + ST InvestmentsLiquidity on hand
$4.3M
$104.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2M
$225.2M
Total Assets
$7.5M
$246.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENSC
ENSC
HTT
HTT
Q4 25
$4.3M
Q3 25
$1.7M
Q2 25
$2.2M
Q1 25
$3.1M
Q4 24
$3.5M
Q3 24
$4.2M
$104.9M
Q2 24
$112.8M
Q1 24
$140.6M
Stockholders' Equity
ENSC
ENSC
HTT
HTT
Q4 25
$3.2M
Q3 25
$1.2M
Q2 25
$3.4M
Q1 25
$3.0M
Q4 24
$3.7M
Q3 24
$6.9M
$225.2M
Q2 24
$217.5M
Q1 24
$218.9M
Total Assets
ENSC
ENSC
HTT
HTT
Q4 25
$7.5M
Q3 25
$3.2M
Q2 25
$5.6M
Q1 25
$4.6M
Q4 24
$5.6M
Q3 24
$9.4M
$246.8M
Q2 24
$227.9M
Q1 24
$234.9M

Cash Flow & Capital Efficiency

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

Metric
ENSC
ENSC
HTT
HTT
Operating Cash FlowLast quarter
$-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
ENSC
ENSC
HTT
HTT
Q4 25
$-1.5M
Q3 25
$-1.9M
Q2 25
$-2.7M
Q1 25
$-1.7M
Q4 24
$-764.1K
Q3 24
$-1.0M
Q2 24
Q1 24
Cash Conversion
ENSC
ENSC
HTT
HTT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-1.54×
Q2 24
Q1 24

Financial Flow Comparison

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

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