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

Ensysce Biosciences, Inc. is the larger business by last-quarter revenue ($1.9M vs $1.2M, roughly 1.6× Tron Inc.). Ensysce Biosciences, Inc. runs the higher net margin — -147.0% vs -2476.3%, a 2329.2% gap on every dollar of revenue. On growth, Ensysce Biosciences, Inc. posted the faster year-over-year revenue change (44.4% vs 30.7%). Over the past eight quarters, Ensysce Biosciences, Inc.'s revenue compounded faster (107.9% CAGR vs 9.4%).

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.

Tron is a decentralized, proof-of-stake blockchain with smart contract functionality. The cryptocurrency native to the blockchain is known as Tronix (TRX). It was founded in March 2014 by Justin Sun and, since 2017, has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore, established in the same year. It is open-source software.

ENSC vs TRON — Head-to-Head

Bigger by revenue
ENSC
ENSC
1.6× larger
ENSC
$1.9M
$1.2M
TRON
Growing faster (revenue YoY)
ENSC
ENSC
+13.7% gap
ENSC
44.4%
30.7%
TRON
Higher net margin
ENSC
ENSC
2329.2% more per $
ENSC
-147.0%
-2476.3%
TRON
Faster 2-yr revenue CAGR
ENSC
ENSC
Annualised
ENSC
107.9%
9.4%
TRON

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ENSC
ENSC
TRON
TRON
Revenue
$1.9M
$1.2M
Net Profit
$-2.8M
$-29.8M
Gross Margin
28.3%
Operating Margin
-147.8%
Net Margin
-147.0%
-2476.3%
Revenue YoY
44.4%
30.7%
Net Profit YoY
22.3%
-2943.1%
EPS (diluted)
$-0.51
$-0.17

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
TRON
TRON
Q4 25
$1.9M
$1.2M
Q3 25
$493.1K
$1.1M
Q2 25
$1.4M
$1.3M
Q1 25
$1.3M
$1.1M
Q4 24
$1.3M
$920.7K
Q3 24
$3.4M
$876.4K
Q2 24
$1.5M
Q1 24
$1.0M
Net Profit
ENSC
ENSC
TRON
TRON
Q4 25
$-2.8M
$-29.8M
Q3 25
$-3.7M
$12.2M
Q2 25
$-1.7M
$1.5M
Q1 25
$-1.9M
$-646.6K
Q4 24
$-3.6M
$-979.5K
Q3 24
$661.8K
$-1.1M
Q2 24
$-521.0K
Q1 24
$-1.7M
Gross Margin
ENSC
ENSC
TRON
TRON
Q4 25
28.3%
Q3 25
27.0%
Q2 25
21.8%
Q1 25
24.5%
Q4 24
18.5%
Q3 24
22.4%
Q2 24
21.5%
Q1 24
16.3%
Operating Margin
ENSC
ENSC
TRON
TRON
Q4 25
-147.8%
Q3 25
-758.7%
-59.5%
Q2 25
-127.6%
-55.4%
Q1 25
-149.1%
Q4 24
-274.3%
Q3 24
18.9%
-129.2%
Q2 24
-34.9%
Q1 24
Net Margin
ENSC
ENSC
TRON
TRON
Q4 25
-147.0%
-2476.3%
Q3 25
-756.3%
1102.4%
Q2 25
-126.4%
109.3%
Q1 25
-147.4%
-59.3%
Q4 24
-273.4%
-106.4%
Q3 24
19.4%
-128.8%
Q2 24
-34.5%
Q1 24
-169.9%
EPS (diluted)
ENSC
ENSC
TRON
TRON
Q4 25
$-0.51
$-0.17
Q3 25
$-1.29
$0.04
Q2 25
$-0.79
$0.01
Q1 25
$-1.39
$-0.04
Q4 24
$-0.89
$-0.04
Q3 24
$1.00
$-0.11
Q2 24
$-0.05
Q1 24
$-0.17

Balance Sheet & Financial Strength

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

Metric
ENSC
ENSC
TRON
TRON
Cash + ST InvestmentsLiquidity on hand
$4.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2M
$210.3M
Total Assets
$7.5M
$211.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENSC
ENSC
TRON
TRON
Q4 25
$4.3M
Q3 25
$1.7M
Q2 25
$2.2M
Q1 25
$3.1M
Q4 24
$3.5M
Q3 24
$4.2M
Q2 24
Q1 24
Stockholders' Equity
ENSC
ENSC
TRON
TRON
Q4 25
$3.2M
$210.3M
Q3 25
$1.2M
$239.8M
Q2 25
$3.4M
$111.4M
Q1 25
$3.0M
$5.0M
Q4 24
$3.7M
$5.3M
Q3 24
$6.9M
$3.3M
Q2 24
$3.1M
Q1 24
$3.3M
Total Assets
ENSC
ENSC
TRON
TRON
Q4 25
$7.5M
$211.4M
Q3 25
$3.2M
$244.6M
Q2 25
$5.6M
$112.2M
Q1 25
$4.6M
$5.8M
Q4 24
$5.6M
$6.3M
Q3 24
$9.4M
$5.7M
Q2 24
$3.4M
Q1 24
$3.8M

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
TRON
TRON
Operating Cash FlowLast quarter
$-1.5M
$-1.4M
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
TRON
TRON
Q4 25
$-1.5M
$-1.4M
Q3 25
$-1.9M
$-850.0K
Q2 25
$-2.7M
$40.9K
Q1 25
$-1.7M
$-206.5K
Q4 24
$-764.1K
$-2.9M
Q3 24
$-1.0M
$-176.4K
Q2 24
$-334.3K
Q1 24
$-1.2M
Cash Conversion
ENSC
ENSC
TRON
TRON
Q4 25
Q3 25
-0.07×
Q2 25
0.03×
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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