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ERNA logoErnexa Therapeutics Inc.(ERNA)Earnings, Financials & Key Ratios

ERNA•NASDAQ
$7.82
$2M mkt cap·Price updated May 7, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryRegenerative Medicine and Tissue Engineering
AboutErnexa Therapeutics Inc., a preclinical-stage company, develops induces derived mesenchymal stem cells (iMSC) therapies for the treatment of solid tumors and autoimmune disease. The company's lead product is ERNA-101, an allogenic pro-inflammatory cytokine (IL-7/IL-15) secreting iMSC for the treatment of ovarian cancer; and ERNA-102, an anti-inflammatory cytokine (IL-10) secreting iMSC for the treatment of rheumatoid arthritis. It has a license agreement with Factor Bioscience Limited. The company was formerly known as Eterna Therapeutics Inc. and changed its name to Ernexa Therapeutics in March 2025. Ernexa Therapeutics Inc. was founded in 2018 and is based in Cambridge, Massachusetts.Show more
  • Revenue$0-100.0%
  • EBITDA-$9M+35.5%
  • Net Income-$14M+68.3%
  • EPS (Diluted)-56.00-42.7%
  • ROE-687.47%+69.6%
  • ROIC-840.56%-1228.4%
  • Debt/Equity0.20-49.2%
  • Interest Coverage-345.15-6072.2%
Technical→

ERNA Key Insights

Ernexa Therapeutics Inc. (ERNA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Share count reduced 77.8% through buybacks
  • ✓Trading at only 0.8x book value

✗Weaknesses

  • ✗Weak momentum: RS Rating 2 (bottom 2%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ERNA Price & Volume

Ernexa Therapeutics Inc. (ERNA) stock price & volume — 10-year historical chart

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ERNA Growth Metrics

Ernexa Therapeutics Inc. (ERNA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-100%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM68.38%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM85.51%

Return on Capital

10 Years-139.43%
5 Years-254.72%
3 Years-170.89%
Last Year-368.92%

ERNA Peer Comparison

Ernexa Therapeutics Inc. (ERNA) competitors in Regenerative Medicine and Tissue Engineering — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
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Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
FATE logoFATEFate Therapeutics, Inc.Direct Competitor280.32M2.43-2.11-51.24%-20.51%-65.79%0.38
CRSP logoCRSPCRISPR Therapeutics AGDirect Competitor5.06B52.42-8.10-89.97%-138.57%-30.88%0.21
BEAM logoBEAMBeam Therapeutics Inc.Direct Competitor3.23B31.47-38.85120.01%-49.17%-5.89%0.24
NTLA logoNTLAIntellia Therapeutics, Inc.Direct Competitor1.62B13.71-3.6016.92%-6.1%-56.63%0.14
EDIT logoEDITEditas Medicine, Inc.Direct Competitor296.54M3.03-1.68-100%-5.23%0.66
KYMR logoKYMRKymera Therapeutics, Inc.Product Competitor6.91B84.63-22.94-16.72%-6.12%-25.02%0.05
ALNY logoALNYAlnylam Pharmaceuticals, Inc.Product Competitor39.48B295.9112765.19%13.46%98.29%1.62
SGMO logoSGMOSangamo Therapeutics, Inc.Product Competitor21.54M0.10-0.21-67.2%-331.28%-8.14%1.34

Compare ERNA vs Peers

Ernexa Therapeutics Inc. (ERNA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FATE

Most directly comparable listed peer for ERNA.

Scale Benchmark

vs TMO

Larger-name benchmark to compare ERNA against a more recognizable public peer.

Peer Set

Compare Top 5

vs FATE, CRSP, BEAM, NTLA

ERNA Income Statement

Ernexa Therapeutics Inc. (ERNA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue21.27M23.34M19.81M00068K582K0
Revenue Growth %-4.65%9.69%-15.12%-100%---755.88%-100%
Cost of Goods Sold7.09M8.38M7.84M98K00236K96K263K
COGS % of Revenue33.32%35.93%39.6%---347.06%16.49%-
Gross Profit
14.19M▲ 0%
14.95M▲ 5.4%
11.96M▼ 20.0%
-98K▼ 100.8%
0▲ 100.0%
0▲ 0%
-168K▲ 0%
486K▲ 389.3%
-263K▼ 154.1%
Gross Margin %66.68%64.07%60.4%----247.06%83.51%-
Gross Profit Growth %0.04%5.39%-19.98%-100.82%100%--389.29%-154.12%
Operating Expenses15.59M14.49M13.18M7.15M113.73M33.22M20.97M16.16M9.06M
OpEx % of Revenue73.27%62.08%66.52%---30833.82%2776.63%-
Selling, General & Admin15.45M14.41M13.15M3.3M14.72M16.55M14.59M13.13M5.16M
SG&A % of Revenue72.61%61.77%66.39%---21450%2256.36%-
Research & Development139K72K26K3.95M12.71M10.39M5.92M4.6M4.16M
R&D % of Revenue0.65%0.31%0.13%---8705.88%791.07%-
Other Operating Expenses000-98K86.3M6.27M461K-1.58M-263K
Operating Income
-1.4M▲ 0%
464K▲ 133.1%
-1.21M▼ 361.2%
-7.25M▼ 498.0%
-113.73M▼ 1469.2%
-33.22M▲ 70.8%
-21.14M▲ 36.4%
-15.67M▲ 25.8%
-9.32M▲ 40.5%
Operating Margin %-6.59%1.99%-6.12%----31080.88%-2693.13%-
Operating Income Growth %38.45%133.1%-361.21%-498.02%-1469.15%70.79%36.37%25.84%40.54%
EBITDA915K3.23M1.96M-7.15M-113.27M-32.72M-20.01M-14.04M-9.06M
EBITDA Margin %4.3%13.83%9.88%----29429.41%-2411.68%-
EBITDA Growth %50.25%252.79%-39.41%-465.54%-1484.24%71.11%38.84%29.86%35.48%
D&A (Non-Cash Add-back)2.32M2.76M3.17M98K459K497K1.12M1.64M263K
EBIT-513K66K-1.77M-26.49M-122.41M-24.5M-21.06M-37.76M-9.32M
Net Interest Income00-249K-43K-74K-30K-476K-6.5M56K
Interest Income00-000138K249K83K
Interest Expense498K389K249K43K74K30K614K6.75M27K
Other Income/Expense391K-787K-808K-19.28M-8.75M8.68M-536K-28.84M-4.81M
Pretax Income
-1.01M▲ 0%
-323K▲ 68.1%
-2.02M▼ 525.4%
-26.53M▼ 1213.4%
-122.48M▼ 361.7%
-24.53M▲ 80.0%
-21.67M▲ 11.7%
-44.51M▼ 105.4%
-14.13M▲ 68.3%
Pretax Margin %-4.75%-1.38%-10.2%----31869.12%-7647.59%-
Income Tax66K-64K27K064K45K-3K30K-45K
Effective Tax Rate %-6.53%19.81%-1.34%0%-0.05%-0.18%0.01%-0.07%0.32%
Net Income
-1.08M▲ 0%
-259K▲ 76.0%
-2.05M▼ 690.3%
11.91M▲ 681.6%
-122.55M▼ 1129.3%
-24.58M▲ 79.9%
-21.67M▲ 11.8%
-44.54M▼ 105.6%
-14.1M▲ 68.3%
Net Margin %-5.06%-1.11%-10.34%----31864.71%-7652.75%-
Net Income Growth %63.15%75.95%-690.35%681.63%-1129.27%79.94%11.84%-105.55%68.34%
Net Income (Continuing)-1.08M-259K-2.05M-26.53M-122.55M-24.58M-21.67M-44.54M-14.1M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)
-441.00▲ 0%
-96.25▲ 78.2%
-712.00▼ 639.7%
-87.75▲ 87.7%
-1415.25▼ 1512.8%
-201.50▲ 85.8%
-102.00▲ 49.4%
-39.25▲ 61.5%
-56.00▼ 42.7%
EPS Growth %71.29%78.17%-639.74%87.68%-1512.82%85.76%49.38%61.52%-42.68%
EPS (Basic)-441.00-96.25-712.00-87.75-1415.25-201.50-102.00-39.25-56.00
Diluted Shares Outstanding2.44K2.69K2.88K69.31K86.6K122.04K212.56K1.14M252.28K
Basic Shares Outstanding2.44K2.69K2.88K69.31K86.6K122.04K212.56K1.14M252.28K
Dividend Payout Ratio---------

ERNA Balance Sheet

Ernexa Therapeutics Inc. (ERNA) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets9.64M6.79M6.07M1.73M18.77M13.68M9.6M2.35M3.13M
Cash & Short-Term Investments3.38M2.59M3.26M1.63M16.98M11.45M7.58M1.73M1.88M
Cash Only3.38M2.59M3.26M1.63M16.98M11.45M7.58M1.73M1.88M
Short-Term Investments000000000
Accounts Receivable714K1.14M1.2M0684K951K425K437K95K
Days Sales Outstanding12.2517.8822.02---2.28K274.06-
Inventory4.87M2.54M1.09M000000
Days Inventory Outstanding250.54110.5250.73------
Other Current Assets680K517K526K0001.6M186K1.15M
Total Non-Current Assets6.93M8.08M9.21M11.17M12.76M8.6M39.53M2.92M2.7M
Property, Plant & Equipment3.68M4.67M4.92M2.69M3.24M1.27M33.27M755K547K
Fixed Asset Turnover5.78x5.00x4.02x---0.00x0.77x-
Goodwill1M667K696K2.04M2.04M2.04M2.04M2.04M2.04M
Intangible Assets001.92M5.99M5.99M0000
Long-Term Investments1.09M200K150K-449K1M59K000
Other Non-Current Assets791K527K371K453K488K5.23M4.21M118K110K
Total Assets
16.57M▲ 0%
14.86M▼ 10.3%
15.28M▲ 2.8%
12.91M▼ 15.5%
31.52M▲ 144.3%
22.28M▼ 29.3%
49.13M▲ 120.5%
5.27M▼ 89.3%
5.83M▲ 10.7%
Asset Turnover1.28x1.57x1.30x---0.00x0.11x-
Asset Growth %-3.3%-10.3%2.77%-15.51%144.27%-29.33%120.53%-89.28%10.72%
Total Current Liabilities10.75M4.02M6.09M3.13M3.68M7.65M6.57M2.94M3.11M
Accounts Payable390K271K835K1.27M1.75M1.62M1.07M1.72M1.13M
Days Payables Outstanding20.0811.838.864.75K--1.65K6.54K1.56K
Short-Term Debt5.24M1.04M3.17M526K01.75M0207K213K
Deferred Revenue (Current)3.56M1.37M460K76K00190K00
Other Current Liabilities1.56M1.34M1.04M681K903K-322K109K12K1.77M
Current Ratio0.90x1.69x1.00x0.55x5.10x1.79x1.46x0.80x1.01x
Quick Ratio0.44x1.06x0.82x0.55x5.10x1.79x1.46x0.80x1.01x
Cash Conversion Cycle242.71116.633.89------
Total Non-Current Liabilities287K3.92M4.09M2.12M2.34M2.52M40.33M630K320K
Long-Term Debt8K2.73M0194K01.21M6.77M00
Capital Lease Obligations041K2.91M1.91M2.3M887K32.85M477K277K
Deferred Tax Liabilities424K41K1.13M000000
Other Non-Current Liabilities-208K1.08M44K23K47K425K307K153K43K
Total Liabilities11.03M7.95M10.19M5.25M6.02M10.17M46.9M3.57M3.43M
Total Debt5.41M3.81M6.08M2.9M2.72M4.14M41.84M684K490K
Net Debt2.03M1.23M2.82M1.27M-14.26M-7.31M34.27M-1.04M-1.39M
Debt / Equity0.98x0.55x1.19x0.38x0.11x0.34x18.74x0.40x0.20x
Debt / EBITDA5.91x1.18x3.11x------
Net Debt / EBITDA2.22x0.38x1.44x------
Interest Coverage-1.03x0.17x-7.11x-616.00x-1654.15x-816.80x-34.29x-5.59x-345.15x
Total Equity
5.54M▲ 0%
6.92M▲ 24.9%
5.09M▼ 26.4%
7.66M▲ 50.4%
25.5M▲ 233.0%
12.11M▼ 52.5%
2.23M▼ 81.6%
1.7M▼ 23.8%
2.4M▲ 41.2%
Equity Growth %36.09%24.95%-26.4%50.44%232.99%-52.53%-81.56%-23.82%41.15%
Book Value per Share2266.992573.291770.78110.50294.5099.2110.511.509.52
Total Shareholders' Equity5.54M6.92M5.09M7.66M25.5M12.11M2.23M1.7M2.4M
Common Stock13K14K14K25.8M13K26K27K257K39K
Retained Earnings-129.12M-129.39M-131.46M-18.14M-140.7M-165.3M-186.98M-231.54M-245.64M
Treasury Stock-456K-456K-456K000000
Accumulated OCI345K200K268K245K00000
Minority Interest000000000

ERNA Cash Flow Statement

Ernexa Therapeutics Inc. (ERNA) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations549K1.36M2.74M-8.1M-23.49M-20.98M-20.41M-15.84M-7.02M
Operating CF Margin %2.58%5.85%13.85%----30011.76%-2720.96%-
Operating CF Growth %2286.96%148.63%101.03%-395.23%-189.94%10.69%2.71%22.4%55.69%
Net Income-1.08M-259K-2.05M-26.53M-122.55M-24.58M-21.67M-44.54M-14.08M
Depreciation & Amortization2.32M2.76M3.17M98K459K497K1.12M1.64M263K
Stock-Based Compensation00005.24M2.94M1.24M1.52M1.5M
Deferred Taxes000000000
Other Non-Cash Items10.05M6.92M1.66M19.33M95.65M-3.54M1.01M27.52M5.36M
Working Capital Changes-1.73M-2.27M-37K-999K-2.29M3.71M-2.12M-1.98M-51K
Change in Receivables142K-507K-248K0-659K-262K527K-12K-408K
Change in Inventory-3.93M431K337K52K00000
Change in Payables-586K-186K669K-1.73M-485K2.03M-2.9M183K60K
Cash from Investing-1.45M-1.58M-1.06M-39K-22.74M-47K-19K-365K-37K
Capital Expenditures-1.45M-1.61M-1.09M-39K-154K-297K-19K-369K-37K
CapEx % of Revenue6.83%6.91%5.52%---27.94%63.4%-
Acquisitions033K29K0-22.71M0000
Investments---------
Other Investing0000119K250K04K0
Cash from Financing-1.47M-303K-1.1M4.67M61.59M19.58M16.56M6.26M7.21M
Debt Issued (Net)-3.23M-1.65M0310K-942K-2K16.5M5.29M2.25M
Equity Issued (Net)1.77M1.38M04.36M62.52M19.71M320K1.14M4.96M
Dividends Paid-16K-16K-16K0-8K-16K-16K00
Share Repurchases000000000
Other Financing0-17K-1.08M010K-109K-251K-169K0
Net Change in Cash
-2.31M▲ 0%
-792K▲ 65.7%
673K▲ 185.0%
-1.63M▼ 342.1%
15.36M▲ 1042.6%
-1.44M▼ 109.4%
-3.87M▼ 168.1%
-9.94M▼ 156.8%
155K▲ 101.6%
Free Cash Flow
-903K▲ 0%
-247K▲ 72.6%
1.65M▲ 768.0%
-8.14M▼ 593.3%
-23.64M▼ 190.4%
-21.27M▲ 10.0%
-20.43M▲ 4.0%
-16.2M▲ 20.7%
-7.05M▲ 56.5%
FCF Margin %-4.24%-1.06%8.33%----30039.71%-2784.36%-
FCF Growth %-10.53%72.65%768.02%-593.33%-190.44%10.02%3.98%20.67%56.47%
FCF per Share-369.78-91.89573.91-117.44-273.00-174.31-96.10-14.27-27.96
FCF Conversion (FCF/Net Income)-0.51x-5.27x-1.34x-0.68x0.19x0.85x0.94x0.36x0.50x
Interest Paid0000225K30K20K48K0
Taxes Paid00001K15K4K2K0

ERNA Key Ratios

Ernexa Therapeutics Inc. (ERNA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-73.85%-22.43%-4.16%-34.09%186.76%-739.05%-130.7%-302.2%-2264.31%-687.47%
Return on Invested Capital (ROIC)-22.5%-14.53%4.43%-11.32%-64.56%-845.84%-310.61%-76.76%-63.27%-840.56%
Gross Margin63.55%66.68%64.07%60.4%----247.06%83.51%-
Net Margin-13.1%-5.06%-1.11%-10.34%----31864.71%-7652.75%-
Debt / Equity2.10x0.98x0.55x1.19x0.38x0.11x0.34x18.74x0.40x0.20x
Interest Coverage-4.01x-1.03x0.17x-7.11x-616.00x-1654.15x-816.80x-34.29x-5.59x-345.15x
FCF Conversion-0.01x-0.51x-5.27x-1.34x-0.68x0.19x0.85x0.94x0.36x0.50x
Revenue Growth-9%-4.65%9.69%-15.12%-100%---755.88%-100%

ERNA SEC Filings & Documents

Ernexa Therapeutics Inc. (ERNA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 4, 2026·SEC

Material company update

Mar 20, 2026·SEC

Material company update

Feb 26, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 13, 2026·SEC

FY 2025

Mar 12, 2025·SEC

FY 2024

Mar 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 13, 2025·SEC

FY 2025

May 7, 2025·SEC

ERNA Frequently Asked Questions

Ernexa Therapeutics Inc. (ERNA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Ernexa Therapeutics Inc. (ERNA) saw revenue decline by 100.0% over the past year.

Ernexa Therapeutics Inc. (ERNA) reported a net loss of $14.1M for fiscal year 2025.

Dividend & Returns

Ernexa Therapeutics Inc. (ERNA) has a return on equity (ROE) of -687.5%. Negative ROE indicates the company is unprofitable.

Ernexa Therapeutics Inc. (ERNA) had negative free cash flow of $7.1M in fiscal year 2025, likely due to heavy capital investments.

Explore More ERNA

Ernexa Therapeutics Inc. (ERNA) financial analysis — history, returns, DCA and operating performance tools

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Historical returns with dividends reinvested

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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