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Side-by-side financial comparison of ENANTA PHARMACEUTICALS INC (ENTA) and Maase Inc. (MAAS). Click either name above to swap in a different company.

ENANTA PHARMACEUTICALS INC is the larger business by last-quarter revenue ($18.6M vs $9.9M, roughly 1.9× Maase Inc.). ENANTA PHARMACEUTICALS INC produced more free cash flow last quarter ($-11.8M vs $-18.3M).

Enanta Pharmaceuticals Inc is a clinical-stage biotechnology company that develops innovative antiviral therapies for infectious diseases including hepatitis B virus, respiratory syncytial virus (RSV), and SARS-CoV-2. It operates primarily in the U.S. and global markets, partnering with pharmaceutical firms to advance its small molecule drug candidate pipeline for patients with unmet medical needs.

ENTA vs MAAS — Head-to-Head

Bigger by revenue
ENTA
ENTA
1.9× larger
ENTA
$18.6M
$9.9M
MAAS
More free cash flow
ENTA
ENTA
$6.5M more FCF
ENTA
$-11.8M
$-18.3M
MAAS

Income Statement — Q1 FY2026 vs Q2 FY2023

Metric
ENTA
ENTA
MAAS
MAAS
Revenue
$18.6M
$9.9M
Net Profit
$-11.9M
Gross Margin
78.7%
Operating Margin
-60.5%
-55.9%
Net Margin
-64.1%
Revenue YoY
9.8%
Net Profit YoY
46.4%
EPS (diluted)
$-0.42

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
ENTA
ENTA
MAAS
MAAS
Q4 25
$18.6M
Q3 25
$15.1M
Q2 25
$18.3M
Q1 25
$14.9M
Q4 24
$17.0M
Q3 24
$14.6M
Q2 24
$18.0M
Q1 24
$17.1M
Net Profit
ENTA
ENTA
MAAS
MAAS
Q4 25
$-11.9M
Q3 25
$-18.7M
Q2 25
$-18.3M
Q1 25
$-22.6M
Q4 24
$-22.3M
Q3 24
$-28.8M
Q2 24
$-22.7M
Q1 24
$-31.2M
Operating Margin
ENTA
ENTA
MAAS
MAAS
Q4 25
-60.5%
Q3 25
-121.6%
Q2 25
-103.2%
Q1 25
-164.3%
Q4 24
-138.8%
Q3 24
-204.4%
Q2 24
-134.6%
Q1 24
-192.1%
Net Margin
ENTA
ENTA
MAAS
MAAS
Q4 25
-64.1%
Q3 25
-123.6%
Q2 25
-99.7%
Q1 25
-151.7%
Q4 24
-131.4%
Q3 24
-197.3%
Q2 24
-126.1%
Q1 24
-182.7%
EPS (diluted)
ENTA
ENTA
MAAS
MAAS
Q4 25
$-0.42
Q3 25
$-0.88
Q2 25
$-0.85
Q1 25
$-1.06
Q4 24
$-1.05
Q3 24
$-1.36
Q2 24
$-1.07
Q1 24
$-1.47

Balance Sheet & Financial Strength

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

Metric
ENTA
ENTA
MAAS
MAAS
Cash + ST InvestmentsLiquidity on hand
$37.4M
$10.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$126.6M
$31.6M
Total Assets
$329.5M
$47.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENTA
ENTA
MAAS
MAAS
Q4 25
$37.4M
Q3 25
$32.3M
Q2 25
$44.8M
Q1 25
$60.2M
Q4 24
$84.3M
Q3 24
$37.2M
Q2 24
$35.8M
Q1 24
$63.5M
Stockholders' Equity
ENTA
ENTA
MAAS
MAAS
Q4 25
$126.6M
Q3 25
$64.7M
Q2 25
$79.3M
Q1 25
$93.5M
Q4 24
$111.8M
Q3 24
$128.8M
Q2 24
$148.9M
Q1 24
$166.1M
Total Assets
ENTA
ENTA
MAAS
MAAS
Q4 25
$329.5M
Q3 25
$280.7M
Q2 25
$301.0M
Q1 25
$323.0M
Q4 24
$348.6M
Q3 24
$376.7M
Q2 24
$398.8M
Q1 24
$413.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ENTA
ENTA
MAAS
MAAS
Operating Cash FlowLast quarter
$-11.7M
$-18.2M
Free Cash FlowOCF − Capex
$-11.8M
$-18.3M
FCF MarginFCF / Revenue
-63.6%
-184.4%
Capex IntensityCapex / Revenue
0.8%
1.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-18.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENTA
ENTA
MAAS
MAAS
Q4 25
$-11.7M
Q3 25
$-6.5M
Q2 25
$17.5M
Q1 25
$-13.5M
Q4 24
$-16.8M
Q3 24
$-10.4M
Q2 24
$-14.8M
Q1 24
$-28.6M
Free Cash Flow
ENTA
ENTA
MAAS
MAAS
Q4 25
$-11.8M
Q3 25
$-7.9M
Q2 25
$17.4M
Q1 25
$-16.0M
Q4 24
$-25.5M
Q3 24
$-19.4M
Q2 24
$-21.3M
Q1 24
$-30.3M
FCF Margin
ENTA
ENTA
MAAS
MAAS
Q4 25
-63.6%
Q3 25
-52.5%
Q2 25
94.7%
Q1 25
-107.4%
Q4 24
-150.6%
Q3 24
-132.5%
Q2 24
-118.6%
Q1 24
-177.5%
Capex Intensity
ENTA
ENTA
MAAS
MAAS
Q4 25
0.8%
Q3 25
9.6%
Q2 25
0.8%
Q1 25
17.0%
Q4 24
51.6%
Q3 24
61.3%
Q2 24
36.4%
Q1 24
9.8%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ENTA
ENTA

Segment breakdown not available.

MAAS
MAAS

Wealth management$7.8M78%
Insurance consulting$1.0M10%
Other$975.0K10%
Asset management$168.0K2%

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