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Enhanced Group (ENHA) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 14, 2026

Enhanced Group (ENHA) reported revenue of $17.7M for the second quarter 2026 (Q2 2026) and up 6,425-fold from the quarter before. Operating margin was -349.8%, net loss $61.9M (350.0% of revenue).

Revenue$17.7M
Year over year—
Quarter over quarter6,425×
Operating margin-349.8%
Net earnings−$61.9M

Enhanced Group, Q2 2026: revenue $17.7M, operating margin -349.8%, net loss $61.9M, operating cash flow −$25.0M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$17.7M6,425×—
Operating profit−$61.9M——
Net earnings−$61.9M-4465%—
Operating cash flow−$25.0M——

What changed

Revenue was $17.7M in Q2 2026, up 642375% from the previous quarter.

Operating costs exceeded revenue by $61.9M, an operating margin of -349.8%. The quarter ended with a net loss of $61.9M, wider than the previous quarter's $16.4M loss.

Operating cash flow was −$25.0M. Non-cash charges added back $69K of depreciation and amortization and $7.8M of share-based compensation. Working capital and other items added $29.1M. Capital expenditures of $5.1M exceeded it, leaving free cash flow of −$30.1M.

Questions

What was Enhanced Group's revenue in the second quarter 2026?

Enhanced Group (ENHA) reported revenue of $17.7M for the second quarter 2026 (Q2 2026) and up 6,425-fold from the quarter before.

Was Enhanced Group profitable in the second quarter 2026?

Operating loss was $61.9M (-349.8% of revenue) and net loss $61.9M.

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Source: Enhanced Group 10-Q on SEC EDGAR.