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Enanta Pharmaceuticals (ENTA) Q2 FY26 earnings results (second quarter fiscal 2026)

10-Q filed May 13, 2026

Enanta Pharmaceuticals (ENTA) reported revenue of $17.2M for the second quarter fiscal 2026 (Q2 FY26), +15% from a year earlier and -8% from the quarter before. Operating margin was -69.1%, net loss $13.1M (76.3% of revenue).

Revenue$17.2M
Year over year+15%
Quarter over quarter-8%
Operating margin-69.1%
Net earnings−$13.1M

Enanta Pharmaceuticals, Q2 FY26: revenue $17.2M (+15% year over year), operating margin -69.1%, net loss $13.1M, operating cash flow −$7.2M. The chart follows the revenue to costs, profit and cash.

Q2 FY26AmountQ/QY/Y
Revenue$17.2M-8%+15%
Operating profit−$11.9M——
Net earnings−$13.1M——
Operating cash flow−$7.2M——

What changed

Revenue was $17.2M in Q2 FY26, up 15% year over year and down 8% from the previous quarter.

Operating costs exceeded revenue by $11.9M, an operating margin of -69.1%. Total costs fell 26% while revenue rose 15%. The quarter ended with a net loss of $13.1M, wider than the previous quarter's $11.9M loss.

Operating cash flow was −$7.2M. Non-cash charges added back $1.2M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items added $1.0M. Capital expenditures of $15K exceeded it, leaving free cash flow of −$7.2M.

Questions

What was Enanta Pharmaceuticals' revenue in the second quarter fiscal 2026?

Enanta Pharmaceuticals (ENTA) reported revenue of $17.2M for the second quarter fiscal 2026 (Q2 FY26), +15% from a year earlier and -8% from the quarter before.

Was Enanta Pharmaceuticals profitable in the second quarter fiscal 2026?

Operating loss was $11.9M (-69.1% of revenue) and net loss $13.1M.

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Source: Enanta Pharmaceuticals 10-Q on SEC EDGAR.