ENHA
ENHA
Enhanced Group Inc. Class AIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $2.75K ▲ | $16.54M ▲ | $-16.43M ▼ | -596.35K% ▼ | $-0.13 ▼ | $-16.52M ▼ |
| Q4-2025 | $0 | $104.41K ▲ | $146.83K ▼ | 0% | $0.01 ▼ | $-104.41K ▼ |
| Q3-2025 | $0 | $22.2K ▲ | $189.14K ▲ | 0% | $0.01 ▲ | $-22.2K ▼ |
| Q2-2025 | $0 | $2.31K | $-2.31K | 0% | $0 | $-2.31K |
What's going well?
The company generated its first revenue, which could mean it's starting to commercialize its business. Interest income provided a small boost.
What's concerning?
Operating expenses have skyrocketed while revenue remains tiny, leading to a massive loss. The huge increase in share count means existing shareholders are heavily diluted, and the business is burning cash at an unsustainable rate.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $54.64K ▼ | $26.24M ▲ | $1.1M ▲ | $25.14M ▼ |
| Q4-2025 | $89.63K ▼ | $26.23M ▲ | $1.09M ▼ | $25.14M ▲ |
| Q3-2025 | $186.98K ▲ | $26.09M ▲ | $1.09M ▲ | $25M ▲ |
| Q2-2025 | $0 | $12.33K | $49.69K | $-37.37K |
What's financially strong about this company?
No debt at all, and shareholders own almost everything. The company is not exposed to borrowing risks or interest payments.
What are the financial risks or weaknesses?
Cash is dangerously low, barely covering immediate bills. Most assets are tied up in long-term investments, so the company could struggle to pay expenses if cash doesn't improve.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $-16.43M ▼ | $-18.98M ▼ | $-2.75M ▼ | $9.23M ▲ | $-12.49M ▼ | $-21.72M ▼ |
| Q4-2025 | $146.83K ▼ | $-59K ▼ | $-142.65K ▲ | $105.34K ▼ | $-97.35K ▼ | $-59K ▼ |
| Q3-2025 | $189.14K | $-34.3K | $-25.57M | $25.79M | $186.98K | $-34.3K |
What's strong about this company's cash flow?
The company was able to raise cash between quarters, boosting its cash balance. No new debt was added, and dilution from stock comp is moderate.
What are the cash flow concerns?
Cash burn has exploded to over $18 million from operations and $21 million after investments, with no sign of positive cash flow. The company is highly dependent on outside funding and could run out of cash within a quarter.
5-Year Trend Analysis
A comprehensive look at Enhanced Group Inc. Class A's financial evolution and strategic trajectory over the past five years.
Key positives include a strong, debt‑free balance sheet with ample liquidity; a highly differentiated and media‑friendly concept; and an AI‑first digital health platform that avoids legacy technology constraints. The integrated flywheel strategy—using headline‑grabbing events to feed a recurring telehealth and product business—offers a clear narrative for how the pieces could reinforce each other over time.
Major risks center on the absence of revenue, significant ongoing losses and cash burn, and heavy reliance on external financing at this stage. Beyond the financials, the business model sits in a sensitive regulatory and ethical zone, facing potential legal changes, reputational backlash, and resistance from key commercial partners. Competitive pressure in telehealth and wellness is intense, and demand for an openly enhancement‑based sports and health ecosystem is not yet proven at scale.
Looking ahead, ENHA’s trajectory will likely be driven more by execution, regulation, and public adoption than by incremental cost tweaks. The next few years will be about validating the Enhanced Games and Enhanced Breakers as recurring media properties, scaling the Live Enhanced platform into a meaningful revenue generator, and demonstrating a credible path toward financial sustainability. Outcomes could vary widely, from the creation of a new performance‑centric category to difficulty achieving scale under regulatory and societal constraints.
About Enhanced Group Inc. Class A
http://www.enhanced.comEnhanced Group Inc. (ENHA) is a specialized firm dedicated to the competitive sports sector, providing advanced performance products. Its mission is to furnish athletes and general consumers with essential items designed to promote optimal health, boost athletic capabilities, and facilitate efficient recovery.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $2.75K ▲ | $16.54M ▲ | $-16.43M ▼ | -596.35K% ▼ | $-0.13 ▼ | $-16.52M ▼ |
| Q4-2025 | $0 | $104.41K ▲ | $146.83K ▼ | 0% | $0.01 ▼ | $-104.41K ▼ |
| Q3-2025 | $0 | $22.2K ▲ | $189.14K ▲ | 0% | $0.01 ▲ | $-22.2K ▼ |
| Q2-2025 | $0 | $2.31K | $-2.31K | 0% | $0 | $-2.31K |
What's going well?
The company generated its first revenue, which could mean it's starting to commercialize its business. Interest income provided a small boost.
What's concerning?
Operating expenses have skyrocketed while revenue remains tiny, leading to a massive loss. The huge increase in share count means existing shareholders are heavily diluted, and the business is burning cash at an unsustainable rate.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $54.64K ▼ | $26.24M ▲ | $1.1M ▲ | $25.14M ▼ |
| Q4-2025 | $89.63K ▼ | $26.23M ▲ | $1.09M ▼ | $25.14M ▲ |
| Q3-2025 | $186.98K ▲ | $26.09M ▲ | $1.09M ▲ | $25M ▲ |
| Q2-2025 | $0 | $12.33K | $49.69K | $-37.37K |
What's financially strong about this company?
No debt at all, and shareholders own almost everything. The company is not exposed to borrowing risks or interest payments.
What are the financial risks or weaknesses?
Cash is dangerously low, barely covering immediate bills. Most assets are tied up in long-term investments, so the company could struggle to pay expenses if cash doesn't improve.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $-16.43M ▼ | $-18.98M ▼ | $-2.75M ▼ | $9.23M ▲ | $-12.49M ▼ | $-21.72M ▼ |
| Q4-2025 | $146.83K ▼ | $-59K ▼ | $-142.65K ▲ | $105.34K ▼ | $-97.35K ▼ | $-59K ▼ |
| Q3-2025 | $189.14K | $-34.3K | $-25.57M | $25.79M | $186.98K | $-34.3K |
What's strong about this company's cash flow?
The company was able to raise cash between quarters, boosting its cash balance. No new debt was added, and dilution from stock comp is moderate.
What are the cash flow concerns?
Cash burn has exploded to over $18 million from operations and $21 million after investments, with no sign of positive cash flow. The company is highly dependent on outside funding and could run out of cash within a quarter.
5-Year Trend Analysis
A comprehensive look at Enhanced Group Inc. Class A's financial evolution and strategic trajectory over the past five years.
Key positives include a strong, debt‑free balance sheet with ample liquidity; a highly differentiated and media‑friendly concept; and an AI‑first digital health platform that avoids legacy technology constraints. The integrated flywheel strategy—using headline‑grabbing events to feed a recurring telehealth and product business—offers a clear narrative for how the pieces could reinforce each other over time.
Major risks center on the absence of revenue, significant ongoing losses and cash burn, and heavy reliance on external financing at this stage. Beyond the financials, the business model sits in a sensitive regulatory and ethical zone, facing potential legal changes, reputational backlash, and resistance from key commercial partners. Competitive pressure in telehealth and wellness is intense, and demand for an openly enhancement‑based sports and health ecosystem is not yet proven at scale.
Looking ahead, ENHA’s trajectory will likely be driven more by execution, regulation, and public adoption than by incremental cost tweaks. The next few years will be about validating the Enhanced Games and Enhanced Breakers as recurring media properties, scaling the Live Enhanced platform into a meaningful revenue generator, and demonstrating a credible path toward financial sustainability. Outcomes could vary widely, from the creation of a new performance‑centric category to difficulty achieving scale under regulatory and societal constraints.
CEO
Thomas Philip Majewski
Compensation Summary
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Rating : C-
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