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Side-by-side financial comparison of Ernexa Therapeutics Inc. (ERNA) and Century Therapeutics, Inc. (IPSC). Click either name above to swap in a different company.

Ernexa Therapeutics Inc. produced more free cash flow last quarter ($-16.2M vs $-16.2M).

Ernexa Therapeutics Inc. is a US-based clinical-stage biotechnology company focused on developing novel targeted therapies for rare neuroendocrine, metabolic, and related rare diseases with high unmet medical needs. It operates in the biopharmaceutical sector, prioritizing advancement of treatment candidates for underserved patient populations.

Mirati Therapeutics, Inc. is an American targeted oncology company that focuses on the development of cancer therapeutics. Bristol Myers Squibb acquired the company in January 2024.

ERNA vs IPSC — Head-to-Head

Bigger by revenue
ERNA
ERNA
Infinity× larger
ERNA
$1.0K
$0
IPSC
More free cash flow
ERNA
ERNA
$11.0K more FCF
ERNA
$-16.2M
$-16.2M
IPSC

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
ERNA
ERNA
IPSC
IPSC
Revenue
$1.0K
$0
Net Profit
$-19.2M
Gross Margin
100.0%
Operating Margin
Net Margin
Revenue YoY
Net Profit YoY
6.4%
46.8%
EPS (diluted)
$-0.25

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
ERNA
ERNA
IPSC
IPSC
Q4 25
$0
Q3 25
$0
Q2 25
$0
Q1 25
$109.2M
Q4 24
$1.0K
Q3 24
$487.0K
Q2 24
$47.0K
Q1 24
$47.0K
Net Profit
ERNA
ERNA
IPSC
IPSC
Q4 25
$-19.2M
Q3 25
$-34.4M
Q2 25
$-32.5M
Q1 25
$76.6M
Q4 24
Q3 24
$-26.6M
Q2 24
$-5.5M
Q1 24
$-6.6M
Gross Margin
ERNA
ERNA
IPSC
IPSC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
100.0%
Q3 24
Q2 24
Q1 24
Operating Margin
ERNA
ERNA
IPSC
IPSC
Q4 25
Q3 25
Q2 25
Q1 25
67.9%
Q4 24
Q3 24
-463.9%
Q2 24
-10491.5%
Q1 24
-12312.8%
Net Margin
ERNA
ERNA
IPSC
IPSC
Q4 25
Q3 25
Q2 25
Q1 25
70.1%
Q4 24
Q3 24
-5462.8%
Q2 24
-11763.8%
Q1 24
-14142.6%
EPS (diluted)
ERNA
ERNA
IPSC
IPSC
Q4 25
$-0.25
Q3 25
$-0.40
Q2 25
$-0.38
Q1 25
$0.89
Q4 24
Q3 24
$-73.70
Q2 24
$-15.34
Q1 24
$-1.23

Balance Sheet & Financial Strength

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

Metric
ERNA
ERNA
IPSC
IPSC
Cash + ST InvestmentsLiquidity on hand
$1.7M
$117.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7M
$158.9M
Total Assets
$5.3M
$223.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ERNA
ERNA
IPSC
IPSC
Q4 25
$117.1M
Q3 25
$132.7M
Q2 25
$155.8M
Q1 25
$165.1M
Q4 24
$1.7M
Q3 24
$4.3M
Q2 24
$2.6M
Q1 24
$5.1M
Stockholders' Equity
ERNA
ERNA
IPSC
IPSC
Q4 25
$158.9M
Q3 25
$176.3M
Q2 25
$209.9M
Q1 25
$240.4M
Q4 24
$1.7M
Q3 24
$-45.4M
Q2 24
$-8.5M
Q1 24
$-3.4M
Total Assets
ERNA
ERNA
IPSC
IPSC
Q4 25
$223.7M
Q3 25
$244.7M
Q2 25
$284.7M
Q1 25
$315.6M
Q4 24
$5.3M
Q3 24
$7.7M
Q2 24
$46.5M
Q1 24
$49.7M

Cash Flow & Capital Efficiency

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

Metric
ERNA
ERNA
IPSC
IPSC
Operating Cash FlowLast quarter
$-15.8M
$-16.1M
Free Cash FlowOCF − Capex
$-16.2M
$-16.2M
FCF MarginFCF / Revenue
-1620500.0%
Capex IntensityCapex / Revenue
36900.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-28.9M
$-105.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ERNA
ERNA
IPSC
IPSC
Q4 25
$-16.1M
Q3 25
$-25.6M
Q2 25
$-27.6M
Q1 25
$-34.6M
Q4 24
$-15.8M
Q3 24
$-6.3M
Q2 24
$-2.3M
Q1 24
$-3.7M
Free Cash Flow
ERNA
ERNA
IPSC
IPSC
Q4 25
$-16.2M
Q3 25
$-25.8M
Q2 25
$-27.9M
Q1 25
$-35.1M
Q4 24
$-16.2M
Q3 24
$-6.3M
Q2 24
$-2.5M
Q1 24
$-3.8M
FCF Margin
ERNA
ERNA
IPSC
IPSC
Q4 25
Q3 25
Q2 25
Q1 25
-32.2%
Q4 24
-1620500.0%
Q3 24
-1294.5%
Q2 24
-5336.2%
Q1 24
-8187.2%
Capex Intensity
ERNA
ERNA
IPSC
IPSC
Q4 25
Q3 25
Q2 25
Q1 25
0.4%
Q4 24
36900.0%
Q3 24
3.9%
Q2 24
529.8%
Q1 24
214.9%
Cash Conversion
ERNA
ERNA
IPSC
IPSC
Q4 25
Q3 25
Q2 25
Q1 25
-0.45×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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