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Side-by-side financial comparison of Ensysce Biosciences, Inc. (ENSC) and Metalla Royalty & Streaming Ltd. (MTA). Click either name above to swap in a different company.

Metalla Royalty & Streaming Ltd. is the larger business by last-quarter revenue ($3.8M vs $1.9M, roughly 2.0× Ensysce Biosciences, Inc.). Metalla Royalty & Streaming Ltd. runs the higher net margin — -117.1% vs -147.0%, a 30.0% 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.

Metalla Royalty & Streaming Ltd. is a precious metals royalty and streaming firm focused on gold, silver, and strategic mineral assets primarily across North America. It partners with mining operators to earn stable, leveraged returns without incurring the high costs and operational risks of direct mine ownership, catering to investors seeking low-volatility exposure to precious metals markets.

ENSC vs MTA — Head-to-Head

Bigger by revenue
MTA
MTA
2.0× larger
MTA
$3.8M
$1.9M
ENSC
Higher net margin
MTA
MTA
30.0% more per $
MTA
-117.1%
-147.0%
ENSC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ENSC
ENSC
MTA
MTA
Revenue
$1.9M
$3.8M
Net Profit
$-2.8M
$-4.4M
Gross Margin
50.4%
Operating Margin
-147.8%
Net Margin
-147.0%
-117.1%
Revenue YoY
44.4%
Net Profit YoY
22.3%
EPS (diluted)
$-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
ENSC
ENSC
MTA
MTA
Q4 25
$1.9M
Q3 25
$493.1K
$3.8M
Q2 25
$1.4M
$2.1M
Q1 25
$1.3M
$1.3M
Q4 24
$1.3M
Q3 24
$3.4M
$3.3M
Q1 24
$981.0K
Q4 23
$515.0K
Net Profit
ENSC
ENSC
MTA
MTA
Q4 25
$-2.8M
Q3 25
$-3.7M
$-4.4M
Q2 25
$-1.7M
$-3.2M
Q1 25
$-1.9M
$-1.7M
Q4 24
$-3.6M
Q3 24
$661.8K
$-4.0M
Q1 24
$-1.4M
Q4 23
$-3.5M
Gross Margin
ENSC
ENSC
MTA
MTA
Q4 25
Q3 25
50.4%
Q2 25
39.7%
Q1 25
39.2%
Q4 24
Q3 24
48.5%
Q1 24
59.3%
Q4 23
Operating Margin
ENSC
ENSC
MTA
MTA
Q4 25
-147.8%
Q3 25
-758.7%
Q2 25
-127.6%
Q1 25
-149.1%
-102.5%
Q4 24
-274.3%
Q3 24
18.9%
-176.4%
Q1 24
-121.5%
Q4 23
-612.7%
Net Margin
ENSC
ENSC
MTA
MTA
Q4 25
-147.0%
Q3 25
-756.3%
-117.1%
Q2 25
-126.4%
-151.3%
Q1 25
-147.4%
-138.0%
Q4 24
-273.4%
Q3 24
19.4%
-120.3%
Q1 24
-138.2%
Q4 23
-680.4%
EPS (diluted)
ENSC
ENSC
MTA
MTA
Q4 25
$-0.51
Q3 25
$-1.29
Q2 25
$-0.79
Q1 25
$-1.39
Q4 24
$-0.89
Q3 24
$1.00
Q1 24
Q4 23
$-66.47

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENSC
ENSC
MTA
MTA
Q4 25
$4.3M
Q3 25
$1.7M
Q2 25
$2.2M
Q1 25
$3.1M
Q4 24
$3.5M
Q3 24
$4.2M
Q1 24
Q4 23
$1.1M
Stockholders' Equity
ENSC
ENSC
MTA
MTA
Q4 25
$3.2M
Q3 25
$1.2M
Q2 25
$3.4M
Q1 25
$3.0M
Q4 24
$3.7M
Q3 24
$6.9M
Q1 24
Q4 23
$-322.9K
Total Assets
ENSC
ENSC
MTA
MTA
Q4 25
$7.5M
Q3 25
$3.2M
Q2 25
$5.6M
Q1 25
$4.6M
Q4 24
$5.6M
Q3 24
$9.4M
Q1 24
Q4 23
$2.7M

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
MTA
MTA
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
MTA
MTA
Q4 25
$-1.5M
Q3 25
$-1.9M
Q2 25
$-2.7M
Q1 25
$-1.7M
Q4 24
$-764.1K
Q3 24
$-1.0M
Q1 24
Q4 23
$-1.8M
Cash Conversion
ENSC
ENSC
MTA
MTA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-1.54×
Q1 24
Q4 23

Financial Flow Comparison

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

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