ENHA · Enhanced Group Inc.
Enhanced Group Inc. operates in the sports entertainment, performance technology, and lifestyle wellness markets. It engages in organizing live sporting events; producing and distributing related content; marketing lifestyle and health optimization services to customers; and operating the Live Enhanced platform, through which customers access OTC supplement blends, clinician-guided prescription-based hormone therapy, and other longevity-related protocols provided by third-party telehealth service providers. Enhanced Group Inc. is based in New York, New York.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $1.50 |
| SO | 387.8M |
| Options | 10.4M |
| Warrants | 9.2M |
| FD SO | 407.4M |
| MC | $611.1M |
| Cash | $19.6M |
| Total debt | — |
| EV | $591.5M |
| TTM Multiples | |
|---|---|
| EV / Revenue | — |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 36.2% |
| Insiders | 54.9% |
| # Institutions | 32 |
| Analysts | 2 |
| Consensus | Strong Buy |
| Avg target | $4.00 |
| Short % float | — |
| Days to cover | 1.87 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-08-13. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-09-22 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-08-31; the float denominator can be unreliable on tiny floats.
Financial statements
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Total Revenue | 17.70 | 0.00 | — | — |
| SG&A | 16.64 | 12.53 | 21.51 | 0.17 |
| Operating Income | (61.92) | (16.54) | (26.66) | (0.17) |
| Operating Income YoY % | (1894.4%) | (394.0%) | (504.1%) | (484.1%) |
| Operating Margin % | (349.8%) | (600410.5%) | — | — |
| EBITDA | (61.85) | (16.52) | — | — |
| EBITDA Margin % | (349.5%) | (599805.7%) | — | — |
| Other Income / (Expense) | — | — | (1.43) | 1.65 |
| Pretax Income | (61.94) | (16.43) | (28.09) | 1.48 |
| Tax Provision | 0.00 | 0.00 | — | — |
| Net Income | (61.94) | (16.43) | (28.09) | 1.48 |
| Net Margin % | (350.0%) | (596349.5%) | — | — |
| Diluted EPS | -$0.53 | -$1.61 | — | — |
| Basic EPS | -$0.53 | -$1.61 | — | — |
| Diluted Avg Shares | 117.7 | 10.2 | — | — |
| Basic Avg Shares | 117.7 | 10.2 | — | — |
| LTM | 12/31/25 | 12/31/24 | |
|---|---|---|---|
| SG&A | 50.85 | 21.73 | 4.02 |
| Operating Income | (105.30) | (26.89) | (4.45) |
| Operating Income YoY % | (291.6%) | (504.0%) | — |
| EBITDA | (98.81) | (26.88) | (4.45) |
| Pretax Income | (104.98) | (26.66) | (4.70) |
| Tax Provision | 0.00 | 0.00 | 0.00 |
| Net Income | (104.98) | (26.66) | (4.70) |
| Diluted EPS | -$4.40 | -$2.62 | -$0.47 |
| Basic EPS | -$4.40 | -$2.62 | -$0.47 |
| Diluted Avg Shares | 117.7 | 10.2 | 10.0 |
| Basic Avg Shares | 117.7 | 10.2 | 10.0 |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 19.61 | 12.76 | 25.25 | 1.45 |
| Other Current Assets | 17.93 | 15.66 | 5.02 | — |
| Total Current Assets | 37.54 | 28.42 | 30.28 | 1.63 |
| Net PPE | 7.79 | 0.55 | 0.43 | — |
| Other Assets | — | 4.01 | 1.39 | 201.38 |
| Total Assets | 45.36 | 32.98 | 32.10 | 203.01 |
| Other Current Liabilities | — | 0.61 | — | — |
| Total Current Liabilities | — | 0.61 | 0.47 | 0.47 |
| Other Liabilities | 42.30 | 49.12 | 32.68 | 8.00 |
| Total Liabilities | 42.30 | 49.73 | 33.15 | 8.47 |
| Mezzanine Equity | 0.00 | 0.00 | 0.00 | — |
| Retained Earnings | (110.42) | (48.47) | (32.04) | (6.83) |
| Total Equity | 3.06 | (16.75) | (1.05) | 194.54 |
| LTM | 12/31/25 | 12/31/24 | |
|---|---|---|---|
| Cash & Equivalents | 19.61 | 25.25 | 4.02 |
| Other Current Assets | 17.93 | 5.02 | — |
| Total Current Assets | 37.54 | 30.28 | 4.12 |
| Net PPE | 7.79 | 0.43 | 0.00 |
| Other Assets | — | 1.39 | — |
| Total Assets | 45.36 | 32.10 | 4.16 |
| Total Current Liabilities | — | 0.47 | 0.27 |
| Other Liabilities | 42.30 | 32.68 | 1.64 |
| Total Liabilities | 42.30 | 33.15 | 1.90 |
| Mezzanine Equity | 0.00 | 0.00 | 0.00 |
| Retained Earnings | (110.42) | (32.04) | (5.38) |
| Total Equity | 3.06 | (1.05) | 2.25 |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Net Income | (61.94) | (16.43) | (28.09) | 1.48 |
| D&A | 0.07 | 0.02 | — | — |
| Stock-Based Comp | 7.78 | 0.73 | — | — |
| Δ Working Cap & Other | 29.08 | (3.29) | 4.04 | 5.71 |
| Operating Cash Flow | (25.01) | (18.98) | (24.05) | 7.19 |
| CapEx | (5.11) | (0.13) | — | — |
| Other Investing | — | (2.62) | 199.56 | (199.98) |
| Investing Cash Flow | (4.70) | (2.75) | 199.56 | (199.98) |
| Other Financing | 36.55 | 9.23 | (155.73) | 192.81 |
| Financing Cash Flow | 36.55 | 9.23 | (155.73) | 192.81 |
| Free Cash Flow | (30.12) | (19.10) | — | — |
| LTM | 12/31/25 | 12/31/24 | |
|---|---|---|---|
| Net Income | (104.98) | (26.66) | (4.70) |
| D&A | 0.09 | 0.01 | 0.00 |
| Stock-Based Comp | 11.97 | 3.46 | 0.00 |
| Δ Working Cap & Other | 32.07 | (1.17) | 1.64 |
| Operating Cash Flow | (60.84) | (24.36) | (3.06) |
| CapEx | (5.66) | (0.44) | (0.00) |
| Other Investing | (2.21) | — | — |
| Investing Cash Flow | (7.87) | (0.44) | (0.00) |
| Other Financing | 82.86 | 46.04 | 6.85 |
| Financing Cash Flow | 82.86 | 46.04 | 6.85 |
| Free Cash Flow | (66.50) | (24.80) | (3.06) |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Current Ratio | — | 46.74 | 64.11 | 3.48 |
| Quick Ratio | — | — | — | — |
| Debt / Equity | — | — | — | — |
| EBITDA Margin % | (349.5%) | (599805.7%) | — | — |
| Working Capital | — | 27.81 | 29.80 | 1.17 |
| Net Debt | — | — | — | — |
| ROE % | (2023.6%) | 98.1% | 2679.4% | 0.8% |
| ROA % | (136.6%) | (49.8%) | (87.5%) | 0.7% |
| LTM | 12/31/25 | 12/31/24 | |
|---|---|---|---|
| Current Ratio | — | 64.11 | 15.50 |
| Quick Ratio | — | — | — |
| Debt / Equity | — | — | — |
| EBITDA Margin % | — | — | — |
| Working Capital | — | 29.80 | 3.86 |
| Net Debt | — | — | — |
| ROE % | (3429.5%) | 2543.3% | (208.5%) |
| ROA % | (231.4%) | (83.1%) | (113.1%) |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-09-21 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-09-17 | P | 6,080,047 | $1.15 | $6,992,054 |
| 2026-09-09 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-09-09 | P | 99,342 | $1.60 | $159,374 |
| 2026-09-09 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-09-08 | P | 59,337 | $1.57 | $93,076 |
| 2026-09-09 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-09-04 | P | 21,034 | $1.61 | $33,898 |
| 2026-09-04 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-09-03 | P | 25,414 | $1.58 | $40,152 |
| 2026-09-04 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-09-02 | P | 107,693 | $1.58 | $169,627 |
| 2026-08-20 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-08-19 | P | 1,619,316 | $1.66 | $2,688,065 |
| 2026-08-20 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-08-19 | P | 55,000 | $1.64 | $90,382 |
| 2026-08-20 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-08-18 | P | 93,000 | $1.70 | $158,212 |
| 2026-08-20 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-08-14 | A | 2,120,823 | — | $0 |
| 2026-08-20 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-08-14 | A | 2,120,823 | — | $0 |
| 2026-08-18 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-08-17 | P | 200,000 | $1.65 | $330,420 |
| 2026-08-18 | Martin Maximilian | Director, Officer (Chief Executive Officer) | 2026-08-14 | A | 1,285,347 | — | $0 |
| 2026-08-18 | Martin Maximilian | Director, Officer (Chief Executive Officer) | 2026-08-14 | A | 1,285,347 | — | $0 |
| 2026-08-17 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-08-14 | P | 150,000 | $1.97 | $295,620 |
| 2026-07-24 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-07-22 | A | 3,020,565 | — | $0 |
| 2026-07-24 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-07-22 | A | 3,020,565 | — | $0 |
| 2026-05-13 | ASPAC IV (Holdings) Corp. | 10% Owner | 2026-05-07 | C | 7,116,667 | — | $0 |
| 2026-05-13 | ASPAC IV (Holdings) Corp. | 10% Owner | 2026-05-07 | C | (6,666,667) | — | $-0 |
| 2026-05-13 | ASPAC IV (Holdings) Corp. | 10% Owner | 2026-05-07 | C | (400,000) | — | $-0 |
| 2026-05-13 | ASPAC IV (Holdings) Corp. | 10% Owner | 2026-05-07 | C | (50,000) | — | $-0 |
| 2026-05-11 | Adams Richard Welker III | Officer (Chief Sporting Officer) | 2026-05-07 | A | 570,159 | — | $0 |
| 2026-05-11 | Adams Richard Welker III | Officer (Chief Sporting Officer) | 2026-05-07 | A | 45,141 | — | $0 |
| 2026-05-11 | Banthiya Siddhartha | Director, Officer (Chief Financial Officer) | 2026-05-07 | A | 570,159 | — | $0 |
| 2026-05-11 | Martin Maximilian | Director, Officer (Chief Executive Officer) | 2026-05-07 | A | 10,151,943 | — | $0 |
| 2026-05-11 | Martin Maximilian | Director, Officer (Chief Executive Officer) | 2026-05-07 | A | 1,930,339 | — | $0 |
| 2026-05-11 | Jones Christopher Robert | Officer (Chief Communications Officer) | 2026-05-07 | A | 380,106 | — | $0 |
| 2026-05-11 | MURREN JAMES | Director | 2026-05-07 | A | 6,020,814 | — | $0 |
| 2026-05-11 | MURREN JAMES | Director | 2026-05-07 | A | 167,246 | — | $0 |
| 2026-05-11 | Tabak Emily N | Officer (Chief Legal Officer) | 2026-05-07 | A | 570,159 | — | $0 |
| 2026-05-11 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-05-07 | A | 29,692,247 | — | $0 |
| 2026-05-11 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-05-07 | A | 258,837,933 | — | $0 |
| 2026-05-11 | Apeiron Investment Group Ltd. | Director, 10% Owner | 2026-05-07 | A | 212,499 | — | $0 |
| 2025-07-31 | Tsang Claudius | Director, Officer (CEO and CFO), 10% Owner | 2025-07-31 | P | 400,000 | — | $0 |
| 2025-07-31 | Tsang Claudius | Director, Officer (CEO and CFO), 10% Owner | 2025-07-31 | P | 400,000 | — | $0 |
| 2025-07-31 | ASPAC IV (Holdings) Corp. | 10% Owner | 2025-07-31 | P | 400,000 | — | $0 |
| 2025-07-31 | ASPAC IV (Holdings) Corp. | 10% Owner | 2025-07-31 | P | 400,000 | — | $0 |