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ERNA · NASDAQ · Biotechnology

Ernexa Therapeutics (ERNA)

Develops off-the-shelf engineered iMSC therapies for cancer and autoimmune disease.

$4.54
Pre-market+0.04 (+1.00%)
At close$4.50(+3.33%)
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Ernexa Therapeutics Inc.ERNAHealth Care

Develops off-the-shelf engineered iMSC therapies for cancer and autoimmune disease, with ERNA-101 in ovarian cancer and ERNA-201 in inflammatory disease; it has no approved products or operating revenue.

Develops synthetic, allogeneic iMSC therapies by engineering induced pluripotent stem cells, differentiating them into iMSCs, and programming them to deliver immune-modulating cytokines. ERNA-101 targets platinum-resistant ovarian cancer through an IL-7/IL-15 fusion cytokine, while ERNA-201 targets autoimmune and inflammatory disease by secreting IL-10.

Pursues standardized, off-the-shelf supply without patient-specific cell harvesting and seeks strategic partners, out-licensing, and research grants alongside product development. The pipeline remains preclinical, with no approved product or revenue-generating customer contract; its technology rights come from Factor Limited and manufacturing execution relies on Cellipont Bioservices and other contract manufacturers.

Company facts

CEOSanjeev Luther
ListedOct 17, 2022
ExchangeNASDAQ
HeadquartersCambridge, MA
CountryUnited States
Employees7
CIK0000748592
ISINUS1140824079

Market cap$1.4M
EPS (ttm)−$18.85
P/E (ttm)−0.2408
ROE-305.9%
P/B1.68
P/S0.00
Dividend yieldDiv yield
Beta0.61vs XLV 0.11

No analyst consensus on record.

Next report
Nov 6, 2026
estimated · in 64 days
EPS estimate
−$3.84
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$48.00−$2.25−$0.61−$0.15−$0.25−$6.95−$3.40Pending
Estimate−$37.50−$48.00−$39.00−$33.00−$1.95−$3.30−$3.84
Surprise−28.0%+95.3%+98.4%+99.5%−256.4%−3.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$1.0KPending
Estimate
Surprise
Estimate−$3.84
ReportedDue Nov 6, 2026
Estimate
ReportedDue Nov 6, 2026
View details

Debt to equity10.90%
Current ratio201.00%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$487.0K$1.0K$0$0$0$0$0$0
Net income−$26.6M−$5.8M−$8.2M−$3.1M−$1.2M−$1.5M−$5.5M−$4.0M
Net margin0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$2.3M−$2.7M−$2.7M−$2.5M−$2.0M−$2.1M−$3.5M−$4.1M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $5.0M · Total debt $349.0K · Total assets $6.3M · Shareholders' equity $3.2M

Revenue
$0
Operating income
−$4.1M
Net income
−$4.0M
View details

No dividends on record.

Institutions19 holders · as of Mar 31, 20268.76%143.0K shares
Insiders3 holders · as of Aug 27, 202617.10%279.2K shares
Otherremainder74.14%1.21M shares

1.63M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Two share counts disagree (1.63M in the company's Sep 3, 2026 report, 314.1K elsewhere); stakes use the report.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Charles CheringtonInsider10 percent owner
16.61%271,178Form 4filed Feb 17, 2026
Bleichroeder LPInstitution
4.90%2.00M13Fas of Mar 31, 2026
Dauntless Investment Group, LLCInstitution
1.50%612,44313Fas of Mar 31, 2026
Ci Private Wealth, LLCInstitution
1.07%438,09313Fas of Mar 31, 2026
Geode Capital Management, LLCInstitution
0.60%244,44613Fas of Mar 31, 2026
See all 25

13F — a manager's quarterly holdings · Form 4 — an insider's transaction report

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Feb 10, 2026Charles Cherington10 percent owner+8,000,000$0.5900
View details

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