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Side-by-side financial comparison of ENANTA PHARMACEUTICALS INC (ENTA) and Valens Semiconductor Ltd. (VLN). Click either name above to swap in a different company.

ENANTA PHARMACEUTICALS INC is the larger business by last-quarter revenue ($18.6M vs $17.3M, roughly 1.1× Valens Semiconductor Ltd.). Valens Semiconductor Ltd. runs the higher net margin — -42.2% vs -64.1%, a 21.9% gap on every dollar of revenue. On growth, ENANTA PHARMACEUTICALS INC posted the faster year-over-year revenue change (9.8% vs 8.1%). Valens Semiconductor Ltd. produced more free cash flow last quarter ($-4.9M vs $-11.8M).

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.

Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...

ENTA vs VLN — Head-to-Head

Bigger by revenue
ENTA
ENTA
1.1× larger
ENTA
$18.6M
$17.3M
VLN
Growing faster (revenue YoY)
ENTA
ENTA
+1.7% gap
ENTA
9.8%
8.1%
VLN
Higher net margin
VLN
VLN
21.9% more per $
VLN
-42.2%
-64.1%
ENTA
More free cash flow
VLN
VLN
$6.9M more FCF
VLN
$-4.9M
$-11.8M
ENTA

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
ENTA
ENTA
VLN
VLN
Revenue
$18.6M
$17.3M
Net Profit
$-11.9M
$-7.3M
Gross Margin
63.0%
Operating Margin
-60.5%
-46.4%
Net Margin
-64.1%
-42.2%
Revenue YoY
9.8%
8.1%
Net Profit YoY
46.4%
29.3%
EPS (diluted)
$-0.42
$-0.07

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
VLN
VLN
Q4 25
$18.6M
Q3 25
$15.1M
$17.3M
Q2 25
$18.3M
$17.1M
Q1 25
$14.9M
$16.8M
Q4 24
$17.0M
Q3 24
$14.6M
$16.0M
Q2 24
$18.0M
$13.6M
Q1 24
$17.1M
Net Profit
ENTA
ENTA
VLN
VLN
Q4 25
$-11.9M
Q3 25
$-18.7M
$-7.3M
Q2 25
$-18.3M
$-7.2M
Q1 25
$-22.6M
$-8.3M
Q4 24
$-22.3M
Q3 24
$-28.8M
$-10.4M
Q2 24
$-22.7M
$-8.9M
Q1 24
$-31.2M
Gross Margin
ENTA
ENTA
VLN
VLN
Q4 25
Q3 25
63.0%
Q2 25
63.5%
Q1 25
62.9%
Q4 24
Q3 24
56.4%
Q2 24
61.4%
Q1 24
Operating Margin
ENTA
ENTA
VLN
VLN
Q4 25
-60.5%
Q3 25
-121.6%
-46.4%
Q2 25
-103.2%
-43.3%
Q1 25
-164.3%
-56.2%
Q4 24
-138.8%
Q3 24
-204.4%
-76.3%
Q2 24
-134.6%
-69.2%
Q1 24
-192.1%
Net Margin
ENTA
ENTA
VLN
VLN
Q4 25
-64.1%
Q3 25
-123.6%
-42.2%
Q2 25
-99.7%
-42.1%
Q1 25
-151.7%
-49.4%
Q4 24
-131.4%
Q3 24
-197.3%
-64.6%
Q2 24
-126.1%
-65.2%
Q1 24
-182.7%
EPS (diluted)
ENTA
ENTA
VLN
VLN
Q4 25
$-0.42
Q3 25
$-0.88
$-0.07
Q2 25
$-0.85
$-0.07
Q1 25
$-1.06
$-0.08
Q4 24
$-1.05
Q3 24
$-1.36
$-0.10
Q2 24
$-1.07
$-0.08
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
VLN
VLN
Cash + ST InvestmentsLiquidity on hand
$37.4M
$93.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$126.6M
$108.8M
Total Assets
$329.5M
$136.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENTA
ENTA
VLN
VLN
Q4 25
$37.4M
Q3 25
$32.3M
$93.5M
Q2 25
$44.8M
$102.7M
Q1 25
$60.2M
$112.5M
Q4 24
$84.3M
Q3 24
$37.2M
$133.1M
Q2 24
$35.8M
$105.9M
Q1 24
$63.5M
Stockholders' Equity
ENTA
ENTA
VLN
VLN
Q4 25
$126.6M
Q3 25
$64.7M
$108.8M
Q2 25
$79.3M
$116.5M
Q1 25
$93.5M
$128.6M
Q4 24
$111.8M
Q3 24
$128.8M
$147.0M
Q2 24
$148.9M
$153.5M
Q1 24
$166.1M
Total Assets
ENTA
ENTA
VLN
VLN
Q4 25
$329.5M
Q3 25
$280.7M
$136.7M
Q2 25
$301.0M
$144.8M
Q1 25
$323.0M
$154.6M
Q4 24
$348.6M
Q3 24
$376.7M
$171.9M
Q2 24
$398.8M
$175.8M
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
VLN
VLN
Operating Cash FlowLast quarter
$-11.7M
$-4.7M
Free Cash FlowOCF − Capex
$-11.8M
$-4.9M
FCF MarginFCF / Revenue
-63.6%
-28.5%
Capex IntensityCapex / Revenue
0.8%
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-18.5M
$-11.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENTA
ENTA
VLN
VLN
Q4 25
$-11.7M
Q3 25
$-6.5M
$-4.7M
Q2 25
$17.5M
$-211.0K
Q1 25
$-13.5M
$-7.6M
Q4 24
$-16.8M
Q3 24
$-10.4M
$3.0M
Q2 24
$-14.8M
$-225.0K
Q1 24
$-28.6M
Free Cash Flow
ENTA
ENTA
VLN
VLN
Q4 25
$-11.8M
Q3 25
$-7.9M
$-4.9M
Q2 25
$17.4M
$-330.0K
Q1 25
$-16.0M
$-8.0M
Q4 24
$-25.5M
Q3 24
$-19.4M
$2.2M
Q2 24
$-21.3M
$-460.0K
Q1 24
$-30.3M
FCF Margin
ENTA
ENTA
VLN
VLN
Q4 25
-63.6%
Q3 25
-52.5%
-28.5%
Q2 25
94.7%
-1.9%
Q1 25
-107.4%
-47.3%
Q4 24
-150.6%
Q3 24
-132.5%
14.0%
Q2 24
-118.6%
-3.4%
Q1 24
-177.5%
Capex Intensity
ENTA
ENTA
VLN
VLN
Q4 25
0.8%
Q3 25
9.6%
1.6%
Q2 25
0.8%
0.7%
Q1 25
17.0%
2.1%
Q4 24
51.6%
Q3 24
61.3%
4.5%
Q2 24
36.4%
1.7%
Q1 24
9.8%

Financial Flow Comparison

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

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