Enhanced Group Reports $3.3 Million in Q3 Revenue and $13.5 Million Loss

Enhanced Group Inc. (NYSE: ENHA) posted $3.3 million in revenue and a $13.5 million net loss for the quarter ended Sept. 30, 2026, with results covering its stand-alone sports and telehealth businesses before a proposed acquisition.

Revenue for the three months was $3,307,433, while net loss was $13,462,646, or $1.01 per share. Adjusted EBITDA, a non-GAAP measure, was a loss of $8,800,430. The figures were unaudited and released Nov. 12.

Cash and cash equivalents totaled $12,070,116 at quarter-end. That balance excluded a proposed $15 million private investment in public equity and $20 million in sponsorship-related proceeds expected later; neither amount was quarter-end cash.

Revenue was $17.7 million in the second quarter of 2026 and zero in the third quarter of 2025. Enhanced cautioned that quarterly comparisons may be less meaningful because its annual Enhanced Games event can concentrate revenue in one quarter.

Enhanced is a performance medicine and sports company. Its businesses include the Enhanced Games, the Enhanced Breakers series and Live Enhanced, a direct-to-consumer performance products and telehealth platform. Co-founder and CEO Maximilian Martin said, “We used Q3 to refine our telehealth offering, bring Enhanced OS to beta.”

The results came before Enhanced’s proposed all-stock acquisition of an approximately 77% controlling stake in DEAG Deutsche Entertainment AG. The company announced the deal Nov. 5 and expects it to close in the first quarter of 2027.