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

Ensysce Biosciences, Inc. is the larger business by last-quarter revenue ($1.9M vs $1.7M, roughly 1.1× Palladyne AI Corp.). Palladyne AI Corp. runs the higher net margin — -89.9% vs -147.0%, a 57.2% gap on every dollar of revenue. On growth, Palladyne AI Corp. posted the faster year-over-year revenue change (118.3% vs 44.4%). Over the past eight quarters, Ensysce Biosciences, Inc.'s revenue compounded faster (107.9% CAGR vs -30.5%).

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.

Palladyne AI Corp. is an American company known for most of its existence primarily as a developer of robots. Palladyne was founded in 1983 as Sarcos Research Corporation. In 2023, Sarcos shifted its business focus to the development of artificial intelligence (AI) software for robotic applications, discontinuing its hardware operations. In March 2024, the company changed its name to Palladyne AI.

ENSC vs PDYN — Head-to-Head

Bigger by revenue
ENSC
ENSC
1.1× larger
ENSC
$1.9M
$1.7M
PDYN
Growing faster (revenue YoY)
PDYN
PDYN
+73.9% gap
PDYN
118.3%
44.4%
ENSC
Higher net margin
PDYN
PDYN
57.2% more per $
PDYN
-89.9%
-147.0%
ENSC
Faster 2-yr revenue CAGR
ENSC
ENSC
Annualised
ENSC
107.9%
-30.5%
PDYN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ENSC
ENSC
PDYN
PDYN
Revenue
$1.9M
$1.7M
Net Profit
$-2.8M
$-1.5M
Gross Margin
15.6%
Operating Margin
-147.8%
-560.7%
Net Margin
-147.0%
-89.9%
Revenue YoY
44.4%
118.3%
Net Profit YoY
22.3%
97.2%
EPS (diluted)
$-0.51
$-0.02

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
PDYN
PDYN
Q4 25
$1.9M
$1.7M
Q3 25
$493.1K
$860.0K
Q2 25
$1.4M
$1.0M
Q1 25
$1.3M
$1.7M
Q4 24
$1.3M
$761.0K
Q3 24
$3.4M
$871.0K
Q2 24
$2.7M
Q1 24
$3.4M
Net Profit
ENSC
ENSC
PDYN
PDYN
Q4 25
$-2.8M
$-1.5M
Q3 25
$-3.7M
$-3.7M
Q2 25
$-1.7M
$-7.5M
Q1 25
$-1.9M
$22.8M
Q4 24
$-3.6M
Q3 24
$661.8K
$-7.1M
Q2 24
$-5.3M
Q1 24
$-7.2M
Gross Margin
ENSC
ENSC
PDYN
PDYN
Q4 25
15.6%
Q3 25
46.4%
Q2 25
53.3%
Q1 25
79.4%
Q4 24
27.2%
Q3 24
45.0%
Q2 24
79.0%
Q1 24
45.2%
Operating Margin
ENSC
ENSC
PDYN
PDYN
Q4 25
-147.8%
-560.7%
Q3 25
-758.7%
-937.8%
Q2 25
-127.6%
-797.4%
Q1 25
-149.1%
-405.3%
Q4 24
-274.3%
Q3 24
18.9%
-838.0%
Q2 24
-213.3%
Q1 24
-213.7%
Net Margin
ENSC
ENSC
PDYN
PDYN
Q4 25
-147.0%
-89.9%
Q3 25
-756.3%
-434.9%
Q2 25
-126.4%
-737.6%
Q1 25
-147.4%
1330.9%
Q4 24
-273.4%
Q3 24
19.4%
-814.7%
Q2 24
-196.2%
Q1 24
-210.1%
EPS (diluted)
ENSC
ENSC
PDYN
PDYN
Q4 25
$-0.51
$-0.02
Q3 25
$-1.29
$-0.09
Q2 25
$-0.79
$-0.20
Q1 25
$-1.39
$0.55
Q4 24
$-0.89
Q3 24
$1.00
$-0.27
Q2 24
$-0.20
Q1 24
$-0.28

Balance Sheet & Financial Strength

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

Metric
ENSC
ENSC
PDYN
PDYN
Cash + ST InvestmentsLiquidity on hand
$4.3M
$47.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2M
$74.7M
Total Assets
$7.5M
$95.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENSC
ENSC
PDYN
PDYN
Q4 25
$4.3M
$47.1M
Q3 25
$1.7M
$57.1M
Q2 25
$2.2M
$62.7M
Q1 25
$3.1M
$46.6M
Q4 24
$3.5M
$40.1M
Q3 24
$4.2M
$21.3M
Q2 24
$25.8M
Q1 24
$31.8M
Stockholders' Equity
ENSC
ENSC
PDYN
PDYN
Q4 25
$3.2M
$74.7M
Q3 25
$1.2M
$51.8M
Q2 25
$3.4M
$53.8M
Q1 25
$3.0M
$28.3M
Q4 24
$3.7M
$-9.5M
Q3 24
$6.9M
$23.4M
Q2 24
$29.8M
Q1 24
$34.2M
Total Assets
ENSC
ENSC
PDYN
PDYN
Q4 25
$7.5M
$95.7M
Q3 25
$3.2M
$72.9M
Q2 25
$5.6M
$78.3M
Q1 25
$4.6M
$63.3M
Q4 24
$5.6M
$56.3M
Q3 24
$9.4M
$38.7M
Q2 24
$45.1M
Q1 24
$50.4M

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
PDYN
PDYN
Operating Cash FlowLast quarter
$-1.5M
$-8.5M
Free Cash FlowOCF − Capex
$-8.7M
FCF MarginFCF / Revenue
-526.2%
Capex IntensityCapex / Revenue
14.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENSC
ENSC
PDYN
PDYN
Q4 25
$-1.5M
$-8.5M
Q3 25
$-1.9M
$-6.3M
Q2 25
$-2.7M
$-5.3M
Q1 25
$-1.7M
$-7.5M
Q4 24
$-764.1K
$-22.6M
Q3 24
$-1.0M
$-4.5M
Q2 24
$-5.8M
Q1 24
$-7.2M
Free Cash Flow
ENSC
ENSC
PDYN
PDYN
Q4 25
$-8.7M
Q3 25
$-6.7M
Q2 25
Q1 25
$-7.6M
Q4 24
$-22.9M
Q3 24
$-4.5M
Q2 24
$-5.9M
Q1 24
$-7.3M
FCF Margin
ENSC
ENSC
PDYN
PDYN
Q4 25
-526.2%
Q3 25
-776.0%
Q2 25
Q1 25
-445.0%
Q4 24
-3008.1%
Q3 24
-517.8%
Q2 24
-218.9%
Q1 24
-212.1%
Capex Intensity
ENSC
ENSC
PDYN
PDYN
Q4 25
14.2%
Q3 25
44.7%
Q2 25
0.0%
Q1 25
5.4%
Q4 24
34.8%
Q3 24
1.4%
Q2 24
5.3%
Q1 24
1.8%
Cash Conversion
ENSC
ENSC
PDYN
PDYN
Q4 25
Q3 25
Q2 25
Q1 25
-0.33×
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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