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

Marwynn Holdings, Inc. is the larger business by last-quarter revenue ($2.3M vs $1.9M, roughly 1.2× Ensysce Biosciences, Inc.). Marwynn Holdings, Inc. runs the higher net margin — -116.0% vs -147.0%, a 31.0% gap on every dollar of revenue. On growth, Ensysce Biosciences, Inc. posted the faster year-over-year revenue change (44.4% vs -13.3%).

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.

Marwynn Holdings, Inc. is a Canada-based investment holding company focused on acquiring, managing, and scaling middle-market businesses primarily across North America. Its core operating segments cover industrial products, consumer goods, and technology-enabled services, targeting sustainable long-term value creation for its stakeholders.

ENSC vs MWYN — Head-to-Head

Bigger by revenue
MWYN
MWYN
1.2× larger
MWYN
$2.3M
$1.9M
ENSC
Growing faster (revenue YoY)
ENSC
ENSC
+57.7% gap
ENSC
44.4%
-13.3%
MWYN
Higher net margin
MWYN
MWYN
31.0% more per $
MWYN
-116.0%
-147.0%
ENSC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ENSC
ENSC
MWYN
MWYN
Revenue
$1.9M
$2.3M
Net Profit
$-2.8M
$-2.7M
Gross Margin
42.4%
Operating Margin
-147.8%
-115.8%
Net Margin
-147.0%
-116.0%
Revenue YoY
44.4%
-13.3%
Net Profit YoY
22.3%
-11713.9%
EPS (diluted)
$-0.51
$-0.16

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
MWYN
MWYN
Q4 25
$1.9M
Q3 25
$493.1K
$2.3M
Q2 25
$1.4M
Q1 25
$1.3M
$623.7K
Q4 24
$1.3M
Q3 24
$3.4M
Q4 23
$515.0K
Q3 23
$435.4K
Net Profit
ENSC
ENSC
MWYN
MWYN
Q4 25
$-2.8M
Q3 25
$-3.7M
$-2.7M
Q2 25
$-1.7M
Q1 25
$-1.9M
$23.4K
Q4 24
$-3.6M
Q3 24
$661.8K
Q4 23
$-3.5M
Q3 23
$-2.7M
Gross Margin
ENSC
ENSC
MWYN
MWYN
Q4 25
Q3 25
42.4%
Q2 25
Q1 25
39.2%
Q4 24
Q3 24
Q4 23
Q3 23
Operating Margin
ENSC
ENSC
MWYN
MWYN
Q4 25
-147.8%
Q3 25
-758.7%
-115.8%
Q2 25
-127.6%
Q1 25
-149.1%
13.5%
Q4 24
-274.3%
Q3 24
18.9%
Q4 23
-612.7%
Q3 23
-621.8%
Net Margin
ENSC
ENSC
MWYN
MWYN
Q4 25
-147.0%
Q3 25
-756.3%
-116.0%
Q2 25
-126.4%
Q1 25
-147.4%
3.8%
Q4 24
-273.4%
Q3 24
19.4%
Q4 23
-680.4%
Q3 23
-618.0%
EPS (diluted)
ENSC
ENSC
MWYN
MWYN
Q4 25
$-0.51
Q3 25
$-1.29
$-0.16
Q2 25
$-0.79
Q1 25
$-1.39
$0.00
Q4 24
$-0.89
Q3 24
$1.00
Q4 23
$-66.47
Q3 23
$-0.87

Balance Sheet & Financial Strength

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

Metric
ENSC
ENSC
MWYN
MWYN
Cash + ST InvestmentsLiquidity on hand
$4.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2M
$2.3M
Total Assets
$7.5M
$11.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENSC
ENSC
MWYN
MWYN
Q4 25
$4.3M
Q3 25
$1.7M
Q2 25
$2.2M
Q1 25
$3.1M
$480
Q4 24
$3.5M
Q3 24
$4.2M
Q4 23
$1.1M
Q3 23
$1.5M
Stockholders' Equity
ENSC
ENSC
MWYN
MWYN
Q4 25
$3.2M
Q3 25
$1.2M
$2.3M
Q2 25
$3.4M
Q1 25
$3.0M
$2.4M
Q4 24
$3.7M
Q3 24
$6.9M
Q4 23
$-322.9K
Q3 23
$1.5M
Total Assets
ENSC
ENSC
MWYN
MWYN
Q4 25
$7.5M
Q3 25
$3.2M
$11.6M
Q2 25
$5.6M
Q1 25
$4.6M
$12.6M
Q4 24
$5.6M
Q3 24
$9.4M
Q4 23
$2.7M
Q3 23
$3.2M

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
MWYN
MWYN
Operating Cash FlowLast quarter
$-1.5M
$-95.1K
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
MWYN
MWYN
Q4 25
$-1.5M
Q3 25
$-1.9M
$-95.1K
Q2 25
$-2.7M
Q1 25
$-1.7M
Q4 24
$-764.1K
Q3 24
$-1.0M
Q4 23
$-1.8M
Q3 23
$-2.3M
Cash Conversion
ENSC
ENSC
MWYN
MWYN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-1.54×
Q4 23
Q3 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

ENSC
ENSC

Segment breakdown not available.

MWYN
MWYN

Other$1.3M57%
Revenue From Recyclable Ewaste Materials Sales$1.0M43%

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