The score is driven primarily by weak financial performance (persistent losses, negative operating cash flow, and deeply negative equity), which outweighs the benefit of strong gross margins and improved TTM cash burn. Technically, the stock trades below major moving averages with muted momentum. Valuation is constrained by negative earnings, while the recent supply agreement is a modest positive but contingent on conditions being met.
Positive Factors
High gross margins
Sustained very high gross margins indicate durable product-level economics and pricing power for the core L-glutamine therapy. Over months this supports ability to cover fixed costs, fund targeted R&D or manufacturing scale, and make margin-based supply deals more financially meaningful.
Negative Factors
Deeply negative equity
Persistently negative equity reflects accumulated losses and a weakened capital base, constraining balance-sheet flexibility. Over coming months this raises refinancing and dilution risk, limits borrowing capacity, and impairs ability to invest in scale or absorb commercial setbacks without external funding.
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Positive Factors
Negative Factors
High gross margins
Sustained very high gross margins indicate durable product-level economics and pricing power for the core L-glutamine therapy. Over months this supports ability to cover fixed costs, fund targeted R&D or manufacturing scale, and make margin-based supply deals more financially meaningful.
Read all positive factors
Emmaus Life Sciences (EMMA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$701.88K
Dividend YieldN/A
Average Volume (3M)112.45K
Price to Earnings (P/E)―
Beta (1Y)58.72
Revenue Growth-41.78%
EPS Growth-101.59%
CountryUS
Employees34
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.03
Shares Outstanding70,188,260
10 Day Avg. Volume152,781
30 Day Avg. Volume112,453
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.01
Price to Sales (P/S)0.07
P/FCF Ratio-69.38
Enterprise Value/Market Cap44.36
Enterprise Value/Revenue2.50
Enterprise Value/Gross Profit2.68
Enterprise Value/Ebitda-100.43
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Emmaus Life Sciences Business Overview & Revenue Model
Company Description
Emmaus Life Sciences, Inc., a commercial-stage biopharmaceutical company, discovers, develops, markets, and sells treatments and therapies primarily for rare and orphan diseases in the United States and internationally. The company's lead candidat...
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How the Company Makes Money
Emmaus generates revenue primarily from sales of its sickle cell disease therapy (its commercial L-glutamine-based product). Revenue is recognized from product sales to customers (e.g., distributors/wholesalers, pharmacies, hospitals, or other cha...
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Emmaus Life Sciences Financial Statement Overview
Summary
Financials are very weak overall: persistent net losses, consistently negative operating cash flow, and deeply negative equity. While gross margins are strong and TTM free cash flow burn improved to near breakeven, revenue volatility and the stressed balance sheet (negative equity with sizable debt) keep funding/dilution risk elevated.
Income Statement
22
Negative
Balance Sheet
10
Very Negative
Cash Flow
18
Very Negative
Breakdown
Dec 2025
Mar 2025
Jun 2024
Dec 2022
Mar 2022
Income Statement
Total Revenue
12.45M
16.65M
29.60M
18.39M
20.61M
Gross Profit
11.60M
15.45M
28.25M
15.80M
17.30M
EBITDA
-310.00K
-910.00K
3.62M
-5.50M
-12.76M
Net Income
-7.49M
-6.45M
-3.73M
-10.63M
-15.95M
Balance Sheet
Total Assets
21.44M
23.60M
35.18M
48.23M
56.73M
Cash, Cash Equivalents and Short-Term Investments
2.13M
1.39M
2.55M
2.02M
2.28M
Total Debt
32.56M
32.96M
32.65M
30.82M
29.91M
Total Liabilities
85.04M
80.08M
82.94M
82.32M
78.18M
Stockholders Equity
-63.61M
-56.48M
-47.76M
-34.09M
-21.45M
Cash Flow
Free Cash Flow
-12.00K
-2.30M
-1.52M
-5.10M
-1.33M
Operating Cash Flow
-11.00K
-2.29M
-1.50M
-5.07M
-1.25M
Investing Cash Flow
2.17M
2.50M
-432.00K
-2.39M
-6.38M
Financing Cash Flow
-1.43M
-1.35M
2.48M
7.23M
7.41M
Emmaus Life Sciences Technical Analysis
Technical Analysis Sentiment
Negative
Last Price0.01
Price Trends
50DMA
0.01
Negative
100DMA
0.01
Negative
200DMA
0.01
Negative
Market Momentum
MACD
<0.01
Positive
RSI
44.03
Neutral
STOCH
116.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EMMA, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 44.03 is Neutral, neither overbought nor oversold. The STOCH value of 116.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EMMA.
Emmaus Life Sciences Risk Analysis
Emmaus Life Sciences disclosed 41 risk factors in its most recent earnings report. Emmaus Life Sciences reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Emmaus Life Sciences Signs Exclusive Endari Supply Agreement
Positive
Mar 4, 2026
On March 2, 2026, Emmaus Life Sciences and South Korea–based NeoImmuneTech entered into an Exclusive Supply Agreement tied to their December 24, 2025 License and Exclusive Distribution Agreement. Under the new supply arrangement, once the li...
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 09, 2026