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ENLV · NASDAQ · Biotechnology

Enlivex (ENLV)

Develops Allocetra for knee osteoarthritis and manages a RAIN-centered digital-asset treasury.

$0.6287
vs last close−0.02 (−2.74%)
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Enlivex Therapeutics Ltd.ENLV
Health Care

Develops Allocetra for knee osteoarthritis while holding and managing a RAIN-centered digital-asset treasury. With no saleable products or product-sales revenue, its clinical business depends on regulatory approval and future commercialization, while treasury results depend largely on RAIN fair-value movements.

Develops Allocetra, an off-the-shelf apoptotic-cell therapy designed to reprogram macrophages toward homeostasis. Clinical Operations focus almost exclusively on intra-articular treatment for age-related symptomatic knee osteoarthritis, with a randomized trial underway in the United States and European Union. The Israel-based team must generate adequate safety, pain, function, and durability evidence before the candidate can be commercialized.

Manages a digital-asset treasury centered on RAIN, the governance and utility token for a decentralized prediction- and options-markets protocol. Treasury Operations hold and manage RAIN and related instruments; their financial outcomes depend principally on fair-value movements rather than customer fees. Allocetra has no marketing approval, and RAIN is the primary treasury reserve asset.

Company facts

CEOOren Hershkovitz, Ph.D.
ListedMar 26, 2019
ExchangeNASDAQ
HeadquartersNess Ziona, Israel
CountryIsrael
Employees34
CIK0001596812
ISINIL0011319527

Market cap$10.9M
EPS (ttm)
P/E (ttm)
ROE
P/B
P/S
Dividend yieldDiv yield
Beta1.16vs XLV −0.16

Price target$15.00+2,207.7%Average of 4 analysts
ConsensusBuy3 of 4 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Nov 24, 2025D. Boral CapitalDowngrade
Rating: Buy
Rating: Hold

Next report
Sep 25, 26
estimated · in 2 days
EPS estimate
−$0.31
Revenue estimate
Fiscal quarter
Q2 FY26

EPSReportedEstimate

Nov '24Mar '25May '25Aug '25Nov '25Mar '26Mar '26Sep '26
Reported−$1.80−$3.45−$2.25−$1.20−$1.35$410.25−$3.45Pending
Estimate−$2.40−$2.40−$2.40−$2.40−$1.80−$1.29−$0.45−$0.31
Surprise+25.0%−43.8%+6.2%+50.0%+25.0%+31,791.8%−666.7%

RevenueReportedEstimate

Nov '24Mar '25May '25Aug '25Nov '25Mar '26Mar '26Sep '26
ReportedPending
Estimate
Surprise
Estimate−$0.31
ReportedDue Sep 25, 2026
Estimate
ReportedDue Sep 25, 2026
View details

Debt to equity0.00%
Current ratio19,323.60%

ProfitabilityRevenueNet incomeNet margin

Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25
Revenue$0$0$0$0$0$0$0$0
Net income−$4.1M−$3.1M−$2.6M−$5.2M−$3.5M−$1.9M−$2.2M$1.24B
Net margin

GrowthOperating income

Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25
Operating income−$4.0M−$3.0M−$3.1M−$5.6M−$3.5M−$3.1M−$2.6M−$5.9M
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss narrowedLoss widened

Balance sheet, Dec 31, 2025Cash & short-term investments $5.9M · Total debt $641.0K · Total assets $2.33B · Shareholders' equity $1.93B

Revenue
$0
Operating income
−$5.9M
Net income
$1.24B
View details

No dividends on record.

Institutions1.68%283.2K ADS
27 holders · as of Jun 30, 2026
Other98.32%16.55M ADS
remainder

16.83M ADS as of Aug 30, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Ark Investment Management LLCInstitution
0.94%2.38M ADSas of Jun 30, 2026
Prelude Capital Management, LLCInstitution
0.13%321,306 ADSas of Jun 30, 2026
Bank of America Corp /DE/Institution
0.08%193,150 ADSas of Jun 30, 2026
Two Sigma Investments, LPInstitution
0.07%183,924 ADSas of Jun 30, 2026
Susquehanna International Group, LLPInstitution
0.06%157,648 ADSas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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