Enanta Pharmaceuticals (ENTA)


Market Price (11/6/2026): $10.09 | Market Cap: $293.9 MilSector: Health Care | Industry: Biotechnology

Enanta Pharmaceuticals (ENTA)


Market Price (11/6/2026): $10.09
Market Cap: $293.9 Mil
Sector: Health Care
Industry: Biotechnology

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -46%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27%

Low stock price volatility
Vol 12M is 49%

Megatrend and thematic drivers
Megatrends include Precision Medicine. Themes include Targeted Therapies, and Biopharmaceutical R&D.

Weak multi-year price returns
2Y Excs Rtn is -45%, 3Y Excs Rtn is -72%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -59 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -90%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.7%, Rev Chg QQuarterly Revenue Change % is -22%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -54%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -57%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -27%

Key risks
ENTA key risks include [1] the recent clinical trial failure of its lead RSV candidate, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -46%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27%
2 Low stock price volatility
Vol 12M is 49%
3 Megatrend and thematic drivers
Megatrends include Precision Medicine. Themes include Targeted Therapies, and Biopharmaceutical R&D.
4 Weak multi-year price returns
2Y Excs Rtn is -45%, 3Y Excs Rtn is -72%
5 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -59 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -90%
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.7%, Rev Chg QQuarterly Revenue Change % is -22%
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23%
8 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -54%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -57%
9 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -27%
10 Key risks
ENTA key risks include [1] the recent clinical trial failure of its lead RSV candidate, Show more.

ENTA in ETFs

Weight = ENTA's share of each fund

VTI0.00%
ITOT0.00%
IWM0.01%
IBB0.02%
VTWO0.01%
IWN0.01%
IWO0.01%
SCHA0.01%
+4 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/5/2026

Enanta Pharmaceuticals (ENTA) stock has lost about 20% since 7/31/2026 because of the following key factors:

1. Enanta Pharmaceuticals reported disappointing fiscal third-quarter results. The company announced its financial results for the fiscal third quarter ended June 30, 2026, on August 10, 2026, reporting a net loss of $19.5 million, or $0.67 per diluted common share, which missed analysts' consensus estimates of a $0.51 loss per share. Total revenue for the quarter was $14.4 million, also falling short of the consensus estimate of $16.76 million.

2. The company announced a workforce reduction. On September 29, 2026, Enanta Pharmaceuticals disclosed it had laid off 37 employees, approximately 30% of its total workforce as of September 30, 2025. This decision was made to "right-size the company across all departments to operate more efficiently" as it approached its fiscal year-end.

Show more
Updated on 11/5/2026

Enanta Pharmaceuticals (ENTA) stock has lost about 20% since 7/31/2026 because of the following key factors:

1. Enanta Pharmaceuticals reported disappointing fiscal third-quarter results. The company announced its financial results for the fiscal third quarter ended June 30, 2026, on August 10, 2026, reporting a net loss of $19.5 million, or $0.67 per diluted common share, which missed analysts' consensus estimates of a $0.51 loss per share. Total revenue for the quarter was $14.4 million, also falling short of the consensus estimate of $16.76 million.

2. The company announced a workforce reduction. On September 29, 2026, Enanta Pharmaceuticals disclosed it had laid off 37 employees, approximately 30% of its total workforce as of September 30, 2025. This decision was made to "right-size the company across all departments to operate more efficiently" as it approached its fiscal year-end.

3. Long-standing CEO announced retirement. Jay R. Luly, Ph.D., Enanta's President and Chief Executive Officer for 23 years, announced his intention to retire by February 1, 2027. This announcement was made on October 28, 2026, initiating a search for his successor and potentially introducing leadership uncertainty during a key period for pipeline development.

4. Key pipeline catalysts are largely in the future. While Enanta advanced its clinical programs, major topline data readouts for its lead candidates are anticipated in 2027. The Phase 2b pediatric trial of zelicapavir (Lotus trial) is expected to report data in 2027, and initial Phase 2b data from the registrational Phase 2b/3 adult trial of zelicapavir (RESOLVE study), which started dosing in October 2026, are also expected in 2027. Topline Phase 1 data for the immunology candidate EDP-978 are expected in fiscal Q4 2026, but had not yet been released as of early November 2026.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The -20.0% change in ENTA stock from 7/31/2026 to 11/5/2026 was primarily driven by a -15.0% change in the company's P/S Multiple.
(LTM values as of)731202611052026Change
Stock Price ($)12.6010.08-20.0%
Change Contribution By: 
Total Revenues ($ Mil)6965-5.7%
P/S Multiple5.34.5-15.0%
Shares Outstanding (Mil)2929-0.2%
Cumulative Contribution-20.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
ENTA-20.0% 
Market (SPY)-1.9%33.5%
Sector (XLV)13.8%37.3%

Fundamental Drivers

The -27.4% change in ENTA stock from 4/30/2026 to 11/5/2026 was primarily driven by a -24.6% change in the company's P/S Multiple.
(LTM values as of)430202611052026Change
Stock Price ($)13.8910.08-27.4%
Change Contribution By: 
Total Revenues ($ Mil)6765-2.6%
P/S Multiple6.04.5-24.6%
Shares Outstanding (Mil)2929-1.2%
Cumulative Contribution-27.4%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
ENTA-27.4% 
Market (SPY)2.3%14.7%
Sector (XLV)27.2%27.1%

Fundamental Drivers

The -8.0% change in ENTA stock from 10/31/2025 to 11/5/2026 was primarily driven by a -26.5% change in the company's Shares Outstanding (Mil).
(LTM values as of)1031202511052026Change
Stock Price ($)10.9610.08-8.0%
Change Contribution By: 
Total Revenues ($ Mil)65650.7%
P/S Multiple3.64.524.3%
Shares Outstanding (Mil)2129-26.5%
Cumulative Contribution-8.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
ENTA-8.0% 
Market (SPY)8.4%25.8%
Sector (XLV)29.8%28.3%

Fundamental Drivers

The 11.8% change in ENTA stock from 10/31/2023 to 11/5/2026 was primarily driven by a 90.7% change in the company's P/S Multiple.
(LTM values as of)1031202311052026Change
Stock Price ($)9.0210.0811.8%
Change Contribution By: 
Total Revenues ($ Mil)8165-19.0%
P/S Multiple2.44.590.7%
Shares Outstanding (Mil)2129-27.6%
Cumulative Contribution11.8%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
ENTA11.8% 
Market (SPY)81.3%18.3%
Sector (XLV)55.5%20.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ENTA Return78%-38%-80%-39%174%-36%-76%
Peers Return7%-14%-9%-9%89%7%53%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
ENTA Win Rate50%50%25%50%67%36% 
Peers Win Rate45%43%42%42%65%49% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
ENTA Max Drawdown-29%-50%-85%-67%-50%-36% 
Peers Max Drawdown-43%-43%-40%-39%-37%-34% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: GILD, VIR, ARWR, ABUS, IONS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventENTAS&P 500
2025 US Tariff Shock
  % Loss-48.7%-18.8%
  % Gain to Breakeven94.8%23.1%
  Time to Breakeven131 days79 days
2024 Yen Carry Trade Unwind
  % Loss-20.8%-7.8%
  % Gain to Breakeven26.2%8.5%
  Time to Breakeven411 days18 days
2020 COVID-19 Crash
  % Loss-24.6%-33.7%
  % Gain to Breakeven32.6%50.9%
  Time to Breakeven27 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.4%-19.2%
  % Gain to Breakeven25.7%23.8%
  Time to Breakeven32 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-15.6%-3.7%
  % Gain to Breakeven18.5%3.9%
  Time to Breakeven8 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-47.9%-12.2%
  % Gain to Breakeven91.9%13.9%
  Time to Breakeven564 days62 days

Compare to GILD, VIR, ARWR, ABUS, IONS

In The Past

Enanta Pharmaceuticals's stock fell -48.7% during the 2025 US Tariff Shock. Such a loss loss requires a 94.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventENTAS&P 500
2025 US Tariff Shock
  % Loss-48.7%-18.8%
  % Gain to Breakeven94.8%23.1%
  Time to Breakeven131 days79 days
2024 Yen Carry Trade Unwind
  % Loss-20.8%-7.8%
  % Gain to Breakeven26.2%8.5%
  Time to Breakeven411 days18 days
2020 COVID-19 Crash
  % Loss-24.6%-33.7%
  % Gain to Breakeven32.6%50.9%
  Time to Breakeven27 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.4%-19.2%
  % Gain to Breakeven25.7%23.8%
  Time to Breakeven32 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-47.9%-12.2%
  % Gain to Breakeven91.9%13.9%
  Time to Breakeven564 days62 days
2014-2016 Oil Price Collapse
  % Loss-48.7%-6.8%
  % Gain to Breakeven95.0%7.3%
  Time to Breakeven564 days15 days

Compare to GILD, VIR, ARWR, ABUS, IONS

In The Past

Enanta Pharmaceuticals's stock fell -48.7% during the 2025 US Tariff Shock. Such a loss loss requires a 94.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Enanta Pharmaceuticals (ENTA)

Enanta Pharmaceuticals, Inc. (ENTA) is a biotechnology company dedicated to the discovery and development of small molecule drugs. The company focuses its efforts on creating novel therapeutic solutions for the treatment of challenging viral infections and various liver diseases. Through its research, Enanta aims to address significant unmet medical needs in these areas.

The core of Enanta's business involves a robust research and development pipeline targeting several critical pathogens. This includes programs for respiratory syncytial virus (RSV), SARS-CoV-2, human metapneumovirus, and hepatitis B virus. Additionally, Enanta has a significant history of successful collaborations, notably with Abbott Laboratories (now AbbVie). This partnership led to the development of key compounds like paritaprevir and glecaprevir, which are utilized in combination therapies for chronic hepatitis C virus infections.

Enanta's primary market consists of patients affected by these severe viral and liver diseases, and the healthcare systems that treat them. The company's business model involves both advancing its own drug candidates and partnering with larger pharmaceutical companies to develop and commercialize these treatments, ultimately bringing innovative medicines to patients globally.

AI Analysis | Feedback

Here are 1-3 brief analogies for Enanta Pharmaceuticals (ENTA):

  • A focused biotech like a smaller Gilead Sciences, specializing in discovering new small molecule drugs for viral infections and liver diseases.

  • An "idea factory" for innovative antiviral and liver disease treatments, similar to how a smaller biotech develops promising drug candidates and then partners with a larger pharmaceutical company (like their past success with Abbott/AbbVie for Hepatitis C) for commercialization.

AI Analysis | Feedback

Major Products of Enanta Pharmaceuticals:

  • Paritaprevir: A protease inhibitor compound developed and commercialized for the treatment of chronic hepatitis C virus.
  • Glecaprevir: A protease inhibitor compound developed and commercialized for the treatment of chronic hepatitis C virus.

AI Analysis | Feedback

Enanta Pharmaceuticals (ENTA) is a biotechnology company that primarily sells its intellectual property and drug candidates to other companies through collaborative development and license agreements. It does not sell directly to individuals.

Based on the provided information, Enanta Pharmaceuticals' major customer and partner is:

  • Abbott Laboratories (NYSE: ABT) - Enanta has a collaborative development and license agreement with Abbott Laboratories for HCV NS3 and NS3/4A protease inhibitor compounds.

AI Analysis | Feedback

null

AI Analysis | Feedback

Jay R. Luly, Ph.D. President, Chief Executive Officer and Director

Dr. Luly has been leading Enanta Pharmaceuticals since July 2003, navigating its growth through venture-financed years, a successful IPO in 2013, and major collaborations that have delivered over $1 billion in non-dilutive financing. Under his leadership, Enanta collaborated with AbbVie in the discovery and development of two hepatitis C virus protease inhibitors, glecaprevir and paritaprevir, which are components of the commercialized MAVYRET® and VIEKIRA PAK® regimens. Before joining Enanta, Dr. Luly was an Entrepreneur in Residence at Oxford Bioscience Partners. He previously held positions as Senior Vice President, Research and Development Operations and Senior Vice President, Discovery Strategy and Operations at Millennium Pharmaceuticals, following its acquisition of LeukoSite, Inc. in 1999. Prior to that, he was Senior Vice President, Drug Discovery and Preclinical Development at Leukosite and held several senior drug discovery positions at Abbott Laboratories from 1983 to 1997.

Harry R. Trout, III Interim Principal Financial Officer

Mr. Trout was appointed as the interim principal financial officer for Enanta Pharmaceuticals on August 26, 2025. He has been with Enanta since 2002 and has served as the Vice President of Finance since 2020.

Tara L. Kieffer, Ph.D. Chief Product Strategy Officer

Dr. Kieffer joined Enanta Pharmaceuticals in December 2020. Prior to Enanta, she gained extensive experience at Vertex Pharmaceuticals, where her roles included Vice President, External Innovation, Business Development, and Vice President, Integrated Program Management. She also served as Senior Director, Chief of Staff to the Chief Medical Officer, Director, Clinical Biomarkers, and Head of Clinical Virology at Vertex. Before her tenure at Vertex, Dr. Kieffer conducted research at Johns Hopkins University School of Medicine in the Department of Molecular Biology and Genetics.

Matthew P. Kowalsky, J.D. Chief Legal Officer

Mr. Kowalsky joined Enanta Pharmaceuticals in April 2024, bringing over 20 years of legal experience in the life sciences industry. Before Enanta, he held increasingly responsible legal and operational roles at Sigilon Therapeutics, Inc., serving as Chief of Staff and Chief Legal and Administrative Officer. Sigilon Therapeutics was acquired by Eli Lilly in 2023. Prior to Sigilon, Mr. Kowalsky was Vice President of Legal and Corporate Secretary at Proteon Therapeutics, Inc. from 2016 to 2019. His earlier career included positions as Senior Corporate Counsel at Sanofi Genzyme and similar legal roles at Cubist Pharmaceuticals, Inc., ARIAD Pharmaceuticals, Inc., and Lantheus Medical Imaging, Inc. (formerly Bristol-Myers Squibb Medical Imaging, Inc.). He began his legal career at Choate, Hall & Stewart LLP and served as a surface warfare officer in the U.S. Navy before attending law school.

Brendan Luu Chief Business Officer

Mr. Luu joined Enanta Pharmaceuticals in January 2021. He previously spent 17 years at Merck KGaA, where he held various positions of increasing responsibility, most recently as Vice President and Global Head of Oncology Business Development. In this role, he was responsible for developing and executing the franchise business development strategy, including significant transactions across all stages of drug development. He also served as Senior Director and Global Head of Business Development, Strategic Initiatives, and Director, Global Licensing and Business Development, Neurology and Immunology. Earlier in his career, Mr. Luu held roles in the chemicals industry with BASF Corporation and in telecommunications with Tyco International.

AI Analysis | Feedback

Key Risks to Enanta Pharmaceuticals (ENTA)

  1. High-Risk, Concentrated Pipeline and Clinical Development Failures: Enanta Pharmaceuticals' future revenue and growth are heavily dependent on the successful discovery, development, and commercialization of a limited number of drug candidates within its virology and immunology pipelines. Drug development is inherently risky, characterized by a high rate of failure in clinical trials. The company's lead Respiratory Syncytial Virus (RSV) program, zelicapavir, has experienced past setbacks, although it has recently shown positive data in high-risk populations. Enanta's strategic pivot into immunology also introduces risks due to the highly competitive nature of the field and the need to establish credibility in a new therapeutic area.
  2. Declining Royalty Revenue: Enanta Pharmaceuticals currently derives a significant portion of its revenue from royalties generated through a collaboration with AbbVie for Hepatitis C Virus (HCV) products. However, this royalty income is declining and is projected to be fully eroded by patent expirations, with the earliest key patent expiring around June 2030. This impending loss of a stable revenue source increases the company's reliance on its pipeline for future commercial success and profitability.
  3. Intense Competition and Partnering Delays: Enanta operates in highly competitive pharmaceutical markets for both its virology (including RSV) and immunology programs. The company faces competition from other pharmaceutical firms developing vaccines and treatments for RSV. Delays in securing partnerships for its RSV programs are critical for their advancement into later-stage trials and could allow competitors to gain a market advantage. Without sufficient partner resources and expertise, Enanta may face challenges in funding and executing the extensive clinical trials required for regulatory approval.

AI Analysis | Feedback

The recent approval and rollout of preventative measures for Respiratory Syncytial Virus (RSV), including vaccines (such as Arexvy from GSK and Abrysvo from Pfizer) for older adults and pregnant individuals, and monoclonal antibodies (such as Beyfortus from AstraZeneca/Sanofi) for infants and young children. These preventative therapies aim to significantly reduce the incidence, hospitalization, and severity of RSV infections across different age groups. This emerging landscape of highly effective preventative options poses a clear threat to the commercial potential and market demand for therapeutic antiviral drugs for RSV, such as those Enanta Pharmaceuticals is developing.

AI Analysis | Feedback

Enanta Pharmaceuticals (ENTA) targets several significant addressable markets with its product and service pipeline:

  • Respiratory Syncytial Virus (RSV) Treatments: The global respiratory syncytial virus therapeutics market was valued at approximately USD 5.8 billion in 2023 and is projected to reach USD 16.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.8% from 2024 to 2032. North America held a significant share of this market, accounting for USD 2.5 billion in 2023.

  • SARS-CoV-2 (COVID-19) Treatments: The global COVID-19 therapeutics market size was estimated at USD 32.54 billion in 2025. However, this market is projected to decrease to USD 8.70 billion by 2033, with a CAGR of -15.20% from 2025 to 2033. Another report indicates the global COVID-19 therapeutics market size is projected to exceed US$ 16.2 billion by the end of 2031. North America held a substantial portion of the global market, with a market size of USD 13.02 billion in 2025.

  • Human Metapneumovirus (hMPV) Treatments: The global Human Metapneumovirus (hMPV) therapeutics market is estimated to be valued at USD 494.1 million in 2025 and is expected to reach USD 767.7 million by 2032, growing at a CAGR of 6.5% from 2025 to 2032. North America is projected to lead this market, holding an estimated 39.3% share in 2025.

  • Hepatitis B Virus (HBV) Treatments: The global hepatitis B therapeutics market was valued at approximately USD 2.96 billion in 2025 and is projected to reach around USD 7.77 billion by 2032, growing at a strong CAGR of 14.78%. The chronic Hepatitis B market in the 7MM (United States, EU4, United Kingdom, and Japan) was valued at approximately USD 1.603 billion in 2025. North America is a dominant region in the HBV therapeutics market, with a market share of 52.31% in 2025.

  • Hepatitis C Virus (HCV) Treatments: The global hepatitis C drugs market size was valued at USD 13.03 billion in 2024 and is projected to grow to USD 18.86 billion by 2033, at a CAGR of 4.2%. Another projection indicates the global hepatitis C drugs market will grow from USD 19.51 billion in 2024 to USD 26.14 billion in 2032. North America is the largest regional market for Hepatitis C, holding an estimated 34.7% share. The North American hepatitis treatment market is expected to reach USD 13.4 billion by 2032.

AI Analysis | Feedback

Enanta Pharmaceuticals (NASDAQ: ENTA) is anticipated to drive future revenue growth over the next 2-3 years primarily through the advancement and potential commercialization of its pipeline assets, particularly in the areas of Respiratory Syncytial Virus (RSV) and immunology. The company's current revenue primarily stems from royalties on AbbVie's global MAVYRET/MAVIRET net product sales, which have been experiencing a decline.

The key expected drivers of future revenue growth for Enanta Pharmaceuticals include:

  1. Advancement and Potential Commercialization of Zelicapavir for RSV: Enanta's lead RSV candidate, zelicapavir (an N-protein inhibitor), is a significant potential revenue driver. The company is actively conducting Phase 3 enabling activities and engaging with the FDA to advance this program. Positive Phase 2 data have indicated clinically meaningful benefits in reducing symptom duration and hospitalization rates in high-risk adults. Progression to a Phase 3 trial and subsequent potential market launch, potentially with a partner, could unlock a new and substantial revenue stream for Enanta.

  2. Development of EDP-323 as a Next-Generation RSV Treatment: Another promising RSV candidate, EDP-323 (an L-protein polymerase inhibitor), has demonstrated rapid viral load reductions in human challenge studies. While zelicapavir is further along, EDP-323 is being evaluated for its potential in combination strategies or for post-exposure prophylaxis, offering an additional avenue for revenue growth within the RSV market if successfully developed and commercialized.

  3. Expansion and Progression of the Oral Immunology Pipeline: Enanta is strategically building an immunology portfolio focused on developing small molecule inhibitors for type 2 immune-driven diseases. This pipeline includes several programs with upcoming milestones that could contribute to future revenue:

    • EDP-978 (KIT inhibitor): This clinical candidate for chronic spontaneous urticaria and other mast cell-driven diseases is on track for an Investigational New Drug (IND) application filing in the first quarter of 2026, with Phase 1 data expected in the fourth quarter of 2026.
    • EPS-3903 (STAT6 inhibitor): This oral, once-daily development candidate, targeting the IL-4/IL-13 pathway for inflammatory diseases, is anticipated to have an IND filing in the second half of 2026.
    • MRGPRX2 Inhibition Program: Enanta introduced a new discovery program focusing on MRGPRX2 inhibition for chronic inflammatory diseases, with a development candidate selection expected in the second half of 2026.
    These immunology programs aim to address significant unmet medical needs in potentially large patient populations, representing key long-term growth opportunities for the company.

AI Analysis | Feedback

Share Issuance

  • Enanta Pharmaceuticals issued common stock valued at $21.26 million in fiscal year 2022.
  • The company issued common stock worth $3.61 million in fiscal year 2021.
  • In fiscal year 2023, share issuances amounted to $2.21 million.

Inbound Investments

  • In April 2023, Enanta Pharmaceuticals received an upfront payment of $200 million from OMERS, a Canadian pension plan, for selling 54.5% of its ongoing MAVYRET®/MAVIRET® royalties from AbbVie. This transaction was structured such that the upfront payment was recorded as a liability, with a portion of future royalty payments directed to OMERS until a cap of 1.42 times the purchase payment is met, after which full royalties revert to Enanta.

Capital Expenditures

  • Capital expenditures were $17.95 million in fiscal year 2024.
  • The company reported capital expenditures of $12.90 million in fiscal year 2025.
  • In fiscal year 2023, capital expenditures totaled $9.06 million. These expenditures generally focus on funding long-term assets and infrastructure, supporting the company's research and development activities.

Better Bets vs. Enanta Pharmaceuticals (ENTA)

Peer Outperformance in Biotechnology

ENTA has trailed 57% of its 363 Biotechnology peers over 5Y. Among the peers that beat it is IMNM. Biotechnology ranks 9th of 10 industries in Health Care by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Biotechnology constituents that ENTA has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
61%
of 452 industry peers · -7.7% return
3Y
64%
of 398 industry peers · 10.4% return
5Y
43%
of 363 industry peers · -89.6% return
Biotechnology peers with revenue growth within 4pp of ENTA's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
ENTA Enanta Pharmaceuticals -6.7% -4.6x -7.7%10.4%-89.6% —
IMNM Immunome -6.8% -8.0x 16.6%103.9%-13.2% +76pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Health Care sector, ranked by 5Y. Biotechnology is ENTA's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 7.6%56.6%93.6% CAH 498% · MCK 396% · COR 181%
Health Care Services 20 33.8%28.8%6.1% HIMS 189% · RDNT 125% · DGX 100%
Health Care Facilities 25 13.9%27.4%-1.4% THC 280% · NHC 210% · EHC 186%
Managed Health Care 8 47.9%1.6%-2.2% OSCR 95% · HQY 52% · ELV 10%
Health Care Equipment 50 11.0%17.8%-17.6% UFPT 355% · GKOS 286% · PLSE 127%
Pharmaceuticals 61 -12.9%10.6%-37.3% LQDA 977% · XERS 571% · KNSA 500%
Health Care Supplies 11 23.9%17.0%-40.1% LNTH 248% · HAE 66% · MMSI 29%
Life Sciences Tools & Services 108 -8.1%-18.9%-74.5% AXGN 255% · NTRA 214% · MEDP 181%
Biotechnology ← 364 -25.8%-36.1%-82.0% ELVN 1073% · TRVI 995% · DNTH 956%
Health Care Technology 21 -21.4%-50.4%-82.8% VEEV -3% · DOCS -51%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ENTAGILDVIRARWRABUSIONSMedian
NameEnanta P.Gilead S.Vir Biot.Arrowhea.Arbutus .Ionis Ph. 
Mkt Price10.09163.8410.5457.463.4838.7924.66
Mkt Cap0.3203.51.88.20.76.44.1
Rev LTM6530,987302669182874486
Op Inc LTM-5911,699-211-226147-594-135
FCF LTM-3713,780-142-75-25-568-56
FCF 3Y Avg-6010,791-358-208-53-410-134
CFO LTM-3514,479-141-59-25-496-47
CFO 3Y Avg-4911,389-354-130-53-358-91

Growth & Margins

ENTAGILDVIRARWRABUSIONSMedian
NameEnanta P.Gilead S.Vir Biot.Arrowhea.Arbutus .Ionis Ph. 
Rev Chg LTM0.7%6.5%2,054.5%16.8%1,078.8%-7.4%11.7%
Rev Chg 3Y Avg-6.7%4.2%665.7%913.6%358.2%12.5%185.4%
Rev Chg Q-21.6%6.8%-207.7%171.0%-90.6%-40.7%-31.2%
QoQ Delta Rev Chg LTM-5.7%1.7%-0.0%7.6%-5.1%-17.4%-2.6%
Op Inc Chg LTM39.3%4.1%61.7%-109.7%463.7%-123.0%21.7%
Op Inc Chg 3Y Avg22.8%0.0%27.2%-77.5%168.1%-24.5%11.4%
Op Mgn LTM-90.0%37.8%-69.9%-33.8%81.1%-68.0%-50.9%
Op Mgn 3Y Avg-136.7%37.4%-1,639.4%-945.9%-333.7%-47.0%-235.2%
QoQ Delta Op Mgn LTM-2.7%-0.7%22.7%1.9%0.1%-34.7%-0.3%
CFO/Rev LTM-54.1%46.7%-46.6%-8.8%-13.6%-56.8%-30.1%
CFO/Rev 3Y Avg-71.6%38.5%-1,343.2%-598.1%-376.1%-41.2%-223.9%
FCF/Rev LTM-56.6%44.5%-46.9%-11.2%-13.6%-64.9%-30.2%
FCF/Rev 3Y Avg-87.8%36.4%-1,362.4%-908.4%-376.7%-47.1%-232.2%

Valuation

ENTAGILDVIRARWRABUSIONSMedian
NameEnanta P.Gilead S.Vir Biot.Arrowhea.Arbutus .Ionis Ph. 
Mkt Cap0.3203.51.88.20.76.44.1
P/S4.56.65.912.33.87.36.2
P/Op Inc-5.017.4-8.4-36.44.7-10.8-6.7
P/EBIT-5.8-133.7-8.4-51.74.5-13.4-10.9
P/E-4.6-52.7-9.7-25.74.5-11.4-10.5
P/CFO-8.314.1-12.7-139.5-27.9-12.9-12.8
Total Yield-21.6%0.1%-9.9%-3.9%21.1%-8.8%-6.3%
Dividend Yield0.0%2.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-24.1%7.7%-37.2%-7.8%-6.5%-4.8%-7.2%
D/E0.20.10.10.10.00.30.1
Net D/E-0.50.1-0.2-0.1-0.1-0.1-0.1

Returns

ENTAGILDVIRARWRABUSIONSMedian
NameEnanta P.Gilead S.Vir Biot.Arrowhea.Arbutus .Ionis Ph. 
1M Rtn-17.1%13.6%-9.1%-6.6%-22.3%-11.8%-10.5%
3M Rtn-24.4%25.9%20.3%-33.1%-23.3%-28.8%-23.9%
6M Rtn-33.1%23.7%13.7%-26.3%-20.0%-49.0%-23.1%
12M Rtn-7.6%37.0%95.2%42.5%-24.5%-48.1%14.7%
3Y Rtn10.5%121.9%22.1%113.4%85.1%-16.2%53.6%
1M Excs Rtn-17.0%13.0%-7.1%-5.1%-17.5%-10.7%-8.9%
3M Excs Rtn-25.8%24.6%20.4%-33.6%-24.0%-30.5%-24.9%
6M Excs Rtn-37.9%19.0%9.1%-31.1%-24.5%-53.8%-27.8%
12M Excs Rtn-20.2%23.3%87.8%38.3%-35.5%-60.3%1.5%
3Y Excs Rtn-71.6%47.8%-46.8%50.3%11.1%-95.7%-17.8%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Discovering and developing small molecule drugs with an emphasis on virology and immunology65687986 
License revenue    0
Royalty revenue    97
Total6568798697


Operating Income by Segment
$ Mil202520242023
Discovering and developing small molecule drugs with an emphasis on virology and immunology-85-122-137
Total-85-122-137


Net Income by Segment
$ Mil202520242023
Discovering and developing small molecule drugs with an emphasis on virology and immunology-82-116-134
Total-82-116-134


Price Behavior

Price Behavior
Market Price$10.08 
Market Cap ($ Bil)0.3 
First Trading Date03/21/2013 
Distance from 52W High-40.2% 
   50 Days200 Days
DMA Price$12.25$13.15
DMA Trenddowndown
Distance from DMA-17.7%-23.3%
 3M1YR
Volatility46.1%48.5%
Downside Capture162.0384.35
Upside Capture11.6469.82
Correlation (S&P 500)18.2%24.4%
ENTA Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta1.150.760.980.260.870.97
Up Beta2.94-0.390.651.111.510.60
Down Beta-0.180.940.98-0.180.461.13
Up Capture-17%12%63%-14%65%90%
Bmk +ve Days12182862130427
Stock +ve Days10213159128363
Down Capture271%172%158%67%91%104%
Bmk -ve Days10253664121325
Stock -ve Days12223367120380

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ENTA
ENTA-6.8%48.5%0.01-
Sector ETF (XLV)29.2%16.9%1.3328.3%
Equity (SPY)9.5%13.6%0.4125.9%
Gold (GLD)3.6%28.7%0.119.8%
Commodities (DBC)37.7%21.2%1.40-19.0%
Real Estate (VNQ)12.0%14.2%0.5522.0%
Bitcoin (BTCUSD)-20.8%43.3%-0.4212.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ENTA
ENTA-34.0%73.6%-0.29-
Sector ETF (XLV)8.6%15.4%0.3623.4%
Equity (SPY)11.3%17.3%0.4822.8%
Gold (GLD)17.5%19.1%0.747.8%
Commodities (DBC)8.0%19.6%0.29-0.4%
Real Estate (VNQ)1.2%18.9%-0.0522.3%
Bitcoin (BTCUSD)5.9%51.5%0.2914.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ENTA
ENTA-8.0%60.9%0.10-
Sector ETF (XLV)12.2%16.8%0.6029.0%
Equity (SPY)14.9%18.0%0.7028.9%
Gold (GLD)12.0%16.5%0.595.7%
Commodities (DBC)7.6%18.1%0.336.6%
Real Estate (VNQ)5.7%20.7%0.2324.4%
Bitcoin (BTCUSD)61.3%66.2%1.019.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity2.3 Mil
Short Interest: % Change Since 9302026-11.3%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest8.6 days
Basic Shares Quantity29.1 Mil
Short % of Basic Shares7.8%

Earnings Returns History

Updated 10/29/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/10/2026-2.1%-7.1%-4.1%
5/11/2026-6.0%-13.0%-24.3%
2/9/20262.2%0.2%2.5%
11/17/2025-3.6%6.5%13.3%
8/11/20255.7%25.9%28.4%
5/12/2025-5.8%7.4%43.2%
2/10/202514.1%52.9%48.4%
11/25/2024-5.0%-2.8%-33.4%
...
SUMMARY STATS   
# Positive9910
# Negative151514
Median Positive5.9%7.7%19.0%
Median Negative-4.2%-7.9%-12.8%
Max Positive15.1%52.9%48.4%
Max Negative-25.7%-24.6%-37.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/10/2026-2.1%-7.1%-4.1%
5/11/2026-6.0%-13.0%-24.3%
2/9/20262.2%0.2%2.5%
11/17/2025-3.6%6.5%13.3%
8/11/20255.7%25.9%28.4%
5/12/2025-5.8%7.4%43.2%
2/10/202514.1%52.9%48.4%
11/25/2024-5.0%-2.8%-33.4%
8/5/20241.2%-4.0%-5.5%
5/6/2024-10.3%-11.6%-15.1%
2/7/20240.8%7.7%25.6%
11/20/202311.5%8.6%-4.7%
8/7/2023-4.2%-18.5%-37.3%
5/8/2023-25.7%-24.6%-23.4%
2/7/2023-3.5%-8.8%-14.7%
11/21/2022-2.1%-9.6%1.2%
8/8/2022-4.2%-1.1%-10.8%
5/9/20226.5%-7.9%-17.9%
2/8/20225.9%1.7%7.0%
11/22/202115.1%17.4%2.9%
8/5/2021-3.0%-0.2%24.8%
5/6/2021-4.9%-1.4%-4.0%
2/8/2021-0.4%-8.6%-7.2%
11/23/2020-1.8%-5.7%-3.1%
SUMMARY STATS   
# Positive9910
# Negative151514
Median Positive5.9%7.7%19.0%
Median Negative-4.2%-7.9%-12.8%
Max Positive15.1%52.9%48.4%
Max Negative-25.7%-24.6%-37.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/12/202610-Q
03/31/202605/13/202610-Q
12/31/202502/11/202610-Q
09/30/202511/19/202510-K
06/30/202508/13/202510-Q
03/31/202505/14/202510-Q
12/31/202402/12/202510-Q
09/30/202411/27/202410-K
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/08/202410-Q
09/30/202311/22/202310-K
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202202/08/202310-Q
09/30/202211/23/202210-K
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/12/202610-Q
03/31/202605/13/202610-Q
12/31/202502/11/202610-Q
09/30/202511/19/202510-K
06/30/202508/13/202510-Q
03/31/202505/14/202510-Q
12/31/202402/12/202510-Q
09/30/202411/27/202410-K
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/08/202410-Q
09/30/202311/22/202310-K
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202202/08/202310-Q
09/30/202211/23/202210-K
06/30/202208/08/202210-Q
03/31/202205/09/202210-Q
12/31/202102/10/202210-Q
09/30/202111/24/202110-K
06/30/202108/09/202110-Q
03/31/202105/10/202110-Q
12/31/202002/09/202110-Q
09/30/202011/25/202010-K
06/30/202008/10/202010-Q
03/31/202005/11/202010-Q
12/31/201902/10/202010-Q
09/30/201911/27/201910-K

Insider Activity

Updated 8/10/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Capps, Kathleen SSee RemarksDirectSell1205202514.233234,596119,205Form
2Trout, Harry R IiiSee RemarksDirectSell1205202514.235427,713232,632Form
3Rottinghaus, Scott TChief Medical OfficerDirectSell1205202514.2379811,356310,100Form
4Luu, BrendanChief Business OfficerDirectSell1205202514.231,39419,837545,422Form
5Kieffer, Tara LynnChief Product Strategy OfficerDirectSell1205202514.232,10629,968435,723Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Capps, Kathleen SSee RemarksDirectSell1205202514.233234,596119,205Form
2Trout, Harry R IiiSee RemarksDirectSell1205202514.235427,713232,632Form
3Rottinghaus, Scott TChief Medical OfficerDirectSell1205202514.2379811,356310,100Form
4Luu, BrendanChief Business OfficerDirectSell1205202514.231,39419,837545,422Form
5Kieffer, Tara LynnChief Product Strategy OfficerDirectSell1205202514.232,10629,968435,723Form
6Or, Yat SunChief Scientific OfficerDirectSell1205202514.232,39034,0105,284,908Form
7Luly, Jay RPresident and CEODirectSell1205202514.234,74367,49312,209,710Form
8Capps, Kathleen SSee RemarksDirectSell1203202513.962072,890121,452Form
9Trout, Harry R IiiSee RemarksDirectSell1203202513.963805,305235,784Form

Investor Activity (13F)

Updated Nov 6, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Spruce Street Capital LP$11.8 Mil2.8%28ADD +139.3%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Spruce Street Capital LP$11.8 Mil2.8%28ADD +139.3%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Spruce Street Capital LP$11.8 Mil2.8%28ADD +139.3%13F
Core Cache Last Updated: 11/5/2026