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

ENANTA PHARMACEUTICALS INC is the larger business by last-quarter revenue ($18.6M vs $12.5M, roughly 1.5× SOLESENCE, INC.). SOLESENCE, INC. runs the higher net margin — 1.3% vs -64.1%, a 65.4% gap on every dollar of revenue. On growth, ENANTA PHARMACEUTICALS INC posted the faster year-over-year revenue change (9.8% vs -0.7%). Over the past eight quarters, SOLESENCE, INC.'s revenue compounded faster (12.5% CAGR vs 4.5%).

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 SLSN — Head-to-Head

Bigger by revenue
ENTA
ENTA
1.5× larger
ENTA
$18.6M
$12.5M
SLSN
Growing faster (revenue YoY)
ENTA
ENTA
+10.4% gap
ENTA
9.8%
-0.7%
SLSN
Higher net margin
SLSN
SLSN
65.4% more per $
SLSN
1.3%
-64.1%
ENTA
Faster 2-yr revenue CAGR
SLSN
SLSN
Annualised
SLSN
12.5%
4.5%
ENTA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ENTA
ENTA
SLSN
SLSN
Revenue
$18.6M
$12.5M
Net Profit
$-11.9M
$163.0K
Gross Margin
27.5%
Operating Margin
-60.5%
1.5%
Net Margin
-64.1%
1.3%
Revenue YoY
9.8%
-0.7%
Net Profit YoY
46.4%
129.2%
EPS (diluted)
$-0.42
$0.00

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
SLSN
SLSN
Q4 25
$18.6M
$12.5M
Q3 25
$15.1M
$14.6M
Q2 25
$18.3M
$20.4M
Q1 25
$14.9M
$14.6M
Q4 24
$17.0M
$12.6M
Q3 24
$14.6M
$16.9M
Q2 24
$18.0M
$13.0M
Q1 24
$17.1M
$9.9M
Net Profit
ENTA
ENTA
SLSN
SLSN
Q4 25
$-11.9M
$163.0K
Q3 25
$-18.7M
$-1.1M
Q2 25
$-18.3M
$2.7M
Q1 25
$-22.6M
$80.0K
Q4 24
$-22.3M
$-559.0K
Q3 24
$-28.8M
$3.0M
Q2 24
$-22.7M
$856.0K
Q1 24
$-31.2M
$893.0K
Gross Margin
ENTA
ENTA
SLSN
SLSN
Q4 25
27.5%
Q3 25
23.1%
Q2 25
28.9%
Q1 25
23.1%
Q4 24
22.0%
Q3 24
36.2%
Q2 24
28.7%
Q1 24
36.3%
Operating Margin
ENTA
ENTA
SLSN
SLSN
Q4 25
-60.5%
1.5%
Q3 25
-121.6%
-5.4%
Q2 25
-103.2%
9.4%
Q1 25
-164.3%
1.8%
Q4 24
-138.8%
-1.8%
Q3 24
-204.4%
19.0%
Q2 24
-134.6%
8.0%
Q1 24
-192.1%
11.3%
Net Margin
ENTA
ENTA
SLSN
SLSN
Q4 25
-64.1%
1.3%
Q3 25
-123.6%
-7.7%
Q2 25
-99.7%
13.1%
Q1 25
-151.7%
0.5%
Q4 24
-131.4%
-4.4%
Q3 24
-197.3%
18.1%
Q2 24
-126.1%
6.6%
Q1 24
-182.7%
9.0%
EPS (diluted)
ENTA
ENTA
SLSN
SLSN
Q4 25
$-0.42
$0.00
Q3 25
$-0.88
$-0.02
Q2 25
$-0.85
$0.04
Q1 25
$-1.06
$0.00
Q4 24
$-1.05
$0.00
Q3 24
$-1.36
$0.04
Q2 24
$-1.07
$0.01
Q1 24
$-1.47
$0.02

Balance Sheet & Financial Strength

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

Metric
ENTA
ENTA
SLSN
SLSN
Cash + ST InvestmentsLiquidity on hand
$37.4M
$1.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$126.6M
$17.6M
Total Assets
$329.5M
$50.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENTA
ENTA
SLSN
SLSN
Q4 25
$37.4M
$1.3M
Q3 25
$32.3M
$429.0K
Q2 25
$44.8M
$4.1M
Q1 25
$60.2M
$1.8M
Q4 24
$84.3M
$1.4M
Q3 24
$37.2M
$2.9M
Q2 24
$35.8M
$2.4M
Q1 24
$63.5M
$2.0M
Stockholders' Equity
ENTA
ENTA
SLSN
SLSN
Q4 25
$126.6M
$17.6M
Q3 25
$64.7M
$17.2M
Q2 25
$79.3M
$18.2M
Q1 25
$93.5M
$15.2M
Q4 24
$111.8M
$14.9M
Q3 24
$128.8M
$15.2M
Q2 24
$148.9M
$11.9M
Q1 24
$166.1M
$5.0M
Total Assets
ENTA
ENTA
SLSN
SLSN
Q4 25
$329.5M
$50.1M
Q3 25
$280.7M
$54.0M
Q2 25
$301.0M
$60.0M
Q1 25
$323.0M
$57.0M
Q4 24
$348.6M
$50.0M
Q3 24
$376.7M
$48.0M
Q2 24
$398.8M
$40.8M
Q1 24
$413.6M
$38.5M

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
SLSN
SLSN
Operating Cash FlowLast quarter
$-11.7M
$1.8M
Free Cash FlowOCF − Capex
$-11.8M
FCF MarginFCF / Revenue
-63.6%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
11.16×
TTM Free Cash FlowTrailing 4 quarters
$-18.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENTA
ENTA
SLSN
SLSN
Q4 25
$-11.7M
$1.8M
Q3 25
$-6.5M
$-2.5M
Q2 25
$17.5M
$-654.0K
Q1 25
$-13.5M
$-7.2M
Q4 24
$-16.8M
$2.2M
Q3 24
$-10.4M
$4.2M
Q2 24
$-14.8M
$-565.0K
Q1 24
$-28.6M
$-3.9M
Free Cash Flow
ENTA
ENTA
SLSN
SLSN
Q4 25
$-11.8M
Q3 25
$-7.9M
Q2 25
$17.4M
Q1 25
$-16.0M
Q4 24
$-25.5M
$-404.0K
Q3 24
$-19.4M
$2.8M
Q2 24
$-21.3M
$-1.0M
Q1 24
$-30.3M
$-3.9M
FCF Margin
ENTA
ENTA
SLSN
SLSN
Q4 25
-63.6%
Q3 25
-52.5%
Q2 25
94.7%
Q1 25
-107.4%
Q4 24
-150.6%
-3.2%
Q3 24
-132.5%
16.6%
Q2 24
-118.6%
-8.0%
Q1 24
-177.5%
-39.9%
Capex Intensity
ENTA
ENTA
SLSN
SLSN
Q4 25
0.8%
Q3 25
9.6%
Q2 25
0.8%
Q1 25
17.0%
Q4 24
51.6%
20.6%
Q3 24
61.3%
8.3%
Q2 24
36.4%
3.7%
Q1 24
9.8%
0.9%
Cash Conversion
ENTA
ENTA
SLSN
SLSN
Q4 25
11.16×
Q3 25
Q2 25
-0.25×
Q1 25
-90.26×
Q4 24
Q3 24
1.38×
Q2 24
-0.66×
Q1 24
-4.32×

Financial Flow Comparison

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

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