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

PureCycle Technologies, Inc. is the larger business by last-quarter revenue ($2.7M vs $1.9M, roughly 1.4× Ensysce Biosciences, Inc.). Ensysce Biosciences, Inc. runs the higher net margin — -147.0% vs -697.1%, a 550.1% 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.

PureCycle Technologies, Inc. is a sustainable materials firm with proprietary advanced polypropylene recycling technology. It converts contaminated polypropylene waste into high-purity virgin-equivalent resin for use in consumer goods, automotive parts, packaging and industrial products, serving global partners.

ENSC vs PCT — Head-to-Head

Bigger by revenue
PCT
PCT
1.4× larger
PCT
$2.7M
$1.9M
ENSC
Higher net margin
ENSC
ENSC
550.1% more per $
ENSC
-147.0%
-697.1%
PCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ENSC
ENSC
PCT
PCT
Revenue
$1.9M
$2.7M
Net Profit
$-2.8M
$-18.8M
Gross Margin
Operating Margin
-147.8%
-2196.1%
Net Margin
-147.0%
-697.1%
Revenue YoY
44.4%
Net Profit YoY
22.3%
71.0%
EPS (diluted)
$-0.51
$-0.14

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
PCT
PCT
Q4 25
$1.9M
$2.7M
Q3 25
$493.1K
$2.4M
Q2 25
$1.4M
$1.6M
Q1 25
$1.3M
$1.6M
Q4 24
$1.3M
$0
Q3 24
$3.4M
$0
Q2 24
$0
Q1 24
$0
Net Profit
ENSC
ENSC
PCT
PCT
Q4 25
$-2.8M
$-18.8M
Q3 25
$-3.7M
$-28.4M
Q2 25
$-1.7M
$-144.2M
Q1 25
$-1.9M
$8.8M
Q4 24
$-3.6M
$-64.7M
Q3 24
$661.8K
$-90.6M
Q2 24
$-48.2M
Q1 24
$-85.6M
Operating Margin
ENSC
ENSC
PCT
PCT
Q4 25
-147.8%
-2196.1%
Q3 25
-758.7%
-1602.2%
Q2 25
-127.6%
-2763.5%
Q1 25
-149.1%
-2387.4%
Q4 24
-274.3%
Q3 24
18.9%
Q2 24
Q1 24
Net Margin
ENSC
ENSC
PCT
PCT
Q4 25
-147.0%
-697.1%
Q3 25
-756.3%
-1167.5%
Q2 25
-126.4%
-8741.8%
Q1 25
-147.4%
559.0%
Q4 24
-273.4%
Q3 24
19.4%
Q2 24
Q1 24
EPS (diluted)
ENSC
ENSC
PCT
PCT
Q4 25
$-0.51
$-0.14
Q3 25
$-1.29
$-0.31
Q2 25
$-0.79
$-0.81
Q1 25
$-1.39
$0.05
Q4 24
$-0.89
$-0.40
Q3 24
$1.00
$-0.54
Q2 24
$-0.29
Q1 24
$-0.52

Balance Sheet & Financial Strength

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

Metric
ENSC
ENSC
PCT
PCT
Cash + ST InvestmentsLiquidity on hand
$4.3M
$156.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2M
$45.9M
Total Assets
$7.5M
$922.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENSC
ENSC
PCT
PCT
Q4 25
$4.3M
$156.7M
Q3 25
$1.7M
$234.4M
Q2 25
$2.2M
$284.1M
Q1 25
$3.1M
$22.5M
Q4 24
$3.5M
$15.7M
Q3 24
$4.2M
$83.7M
Q2 24
$10.9M
Q1 24
$25.0M
Stockholders' Equity
ENSC
ENSC
PCT
PCT
Q4 25
$3.2M
$45.9M
Q3 25
$1.2M
$68.2M
Q2 25
$3.4M
$98.9M
Q1 25
$3.0M
$238.2M
Q4 24
$3.7M
$180.4M
Q3 24
$6.9M
$241.4M
Q2 24
$291.6M
Q1 24
$336.8M
Total Assets
ENSC
ENSC
PCT
PCT
Q4 25
$7.5M
$922.7M
Q3 25
$3.2M
$989.1M
Q2 25
$5.6M
$1.0B
Q1 25
$4.6M
$787.3M
Q4 24
$5.6M
$798.4M
Q3 24
$9.4M
$788.8M
Q2 24
$719.8M
Q1 24
$734.0M

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
PCT
PCT
Operating Cash FlowLast quarter
$-1.5M
$-28.7M
Free Cash FlowOCF − Capex
$-42.0M
FCF MarginFCF / Revenue
-1559.6%
Capex IntensityCapex / Revenue
495.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-183.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENSC
ENSC
PCT
PCT
Q4 25
$-1.5M
$-28.7M
Q3 25
$-1.9M
$-38.5M
Q2 25
$-2.7M
$-36.7M
Q1 25
$-1.7M
$-38.9M
Q4 24
$-764.1K
$-31.8M
Q3 24
$-1.0M
$-33.4M
Q2 24
$-40.4M
Q1 24
$-39.2M
Free Cash Flow
ENSC
ENSC
PCT
PCT
Q4 25
$-42.0M
Q3 25
$-42.4M
Q2 25
$-45.3M
Q1 25
$-53.9M
Q4 24
$-53.4M
Q3 24
$-42.6M
Q2 24
$-50.8M
Q1 24
$-53.5M
FCF Margin
ENSC
ENSC
PCT
PCT
Q4 25
-1559.6%
Q3 25
-1743.1%
Q2 25
-2747.1%
Q1 25
-3409.6%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ENSC
ENSC
PCT
PCT
Q4 25
495.1%
Q3 25
160.3%
Q2 25
521.5%
Q1 25
949.6%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ENSC
ENSC
PCT
PCT
Q4 25
Q3 25
Q2 25
Q1 25
-4.40×
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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