ENTXNasdaqBiological Products, (No Diagnostic Substances)US GAAP · USD

Entera Bio Ltd.

Entera Bio Ltd. is a clinical-stage biotechnology company developing oral tablet versions of peptide and protein replacement therapies. Its lead work centers on the N-Tab platform and first-in-class oral programs in osteoporosis and metabolic disease, including EB613, EB612, and oral GLP-1/GLP-2-related candidates.

Revenue0.0m USD
−76.8 %y/y
Operating profit (EBIT)-11.5m USD
−20.3 %y/y
EBIT margin-27,450.0%
−22,154.4 ppy/y
Net income-11.4m USD
−19.9 %y/y
Free cash flow-7.5m USD
−9.6 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-15-10-505m USD2020: 0.37 m USD2020: EBIT -11 m USD20202021: 0.57 m USD2021: EBIT -12 m USD20212022: 0.13 m USD2022: EBIT -13 m USD20222023: 0.00 m USD2023: EBIT -8.9 m USD20232024: 0.18 m USD2024: EBIT -9.6 m USD20242025: 0.04 m USD2025: EBIT -12 m USD20250.04-12
RevenueOperating profit (EBIT)

Business

Share of revenue
Oral peptide therapeutics0 %

Development of oral tablet formulations designed to replace injectable peptide and protein therapies.

Lead clinical programs0 %

EB613, EB612 and oral OXM programs targeting osteoporosis and metabolic disease.

Platform technology0 %

N-Tab™ delivery technology used to enable oral administration of biologics.

Collaborative research services100 %

Contract research and material transfer services performed for third parties.

Customers

Entera does not yet sell approved products to commercial end customers; its current economic counterparties are research collaborators, grant providers, and development partners. The company’s future customers would be patients and prescribers in osteoporosis and metabolic disease if its oral peptide candidates are approved and commercialized.

Research collaboration counterparties

Third parties that pay for material transfer and research services while Entera performs contract R&D work.

Future osteoporosis patients and physicians

Potential users of EB613 if approved, seeking an oral alternative to injectable PTH therapy.

Future metabolic disease patients and physicians

Potential users of oral GLP-1/Glucagon or GLP-2 therapies if the programs reach commercialization.

Strategic pharma partners

Partners that may license, co-develop, or fund oral peptide programs to access the platform.

Strategy

Entera is focused on advancing first-in-class oral versions of peptide therapies that are normally delivered by injection, with the goal of changing treatment convenience and adherence. Near term, the company is prioritizing EB613 phase 3 preparation, next-generation EB613 work, and completion of oral OXM studies with OPKO while preserving cash and securing additional funding.

Advance EB613 toward phase 3Short term

EB613 is the most advanced program and could validate the platform in a large osteoporosis market.

Progress oral OXM with OPKOShort term

The collaboration can expand the pipeline into metabolic disease while sharing development burden.

Extend N-Tab platform valueMedium term

Platform validation across multiple peptides can improve partnering leverage and long-term optionality.

Secure non-dilutive or strategic fundingShort term

Clinical development requires capital and the company has stated additional funding will be needed.

Geography

Entera’s operations are centered in Jerusalem, Israel, where all employees are based and core R&D work is performed. The company also relies on advisors and contract manufacturing and clinical activity in the United States, the United Kingdom, Europe, and Asia, so its development footprint is international even though the operating base is Israeli.

Risks

Entera is a pre-revenue clinical-stage company, so execution risk is concentrated in clinical outcomes, regulatory approvals, and financing. Its Israeli operating base also creates geopolitical and operational exposure, while future commercialization depends on proving that oral peptide delivery can work reliably and be accepted by regulators and partners.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Geopolitical risk in Israel1Financing risk2
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Geopolitical risk in IsraelImpact: HighLikelihood: Medium

    Employees and operations are based in Israel, so conflict could disrupt work, supply chains, or fundraising.

    Exposure: Jerusalem operations and personnel

  2. Financing riskImpact: HighLikelihood: Low

    The company expects to need additional capital before commercialization and may not raise it on favorable terms.

    Exposure: Operating runway and trial funding

  3. Clinical development failureImpact: High

    EB613, EB612 and oral OXM are still in development and may not demonstrate safety or efficacy.

    Exposure: Lead pipeline programs

  4. Regulatory riskImpact: High

    The company needs FDA and other regulatory alignment before advancing into later-stage trials and approval.

    Exposure: EB613 phase 3 planning

  5. Partner and collaboration riskImpact: Medium

    Development timelines and economics depend partly on third-party collaboration agreements.

    Exposure: OPKO collaboration and research services

Accounting

Judgemental items
Over-time revenue recognition for research services

Revenue is recognized using labor hours and elapsed time, so timing depends on project progress rather than product sales.

Impact: Quarterly revenue can be small and uneven

Grant-related royalty and repayment obligations

IIA-related grants can create future repayment or royalty exposure if conditions are triggered.

Impact: Potential contingent liability and cash outflow

Clinical-stage expense recognition

R&D, lab, manufacturing, and trial costs are expensed as incurred, driving operating losses before commercialization.

Impact: Material effect on reported earnings and burn rate

Share-based compensation

Equity awards are a meaningful compensation tool for a small biotech workforce.

Impact: Affects R&D and G&A expense

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Entera Bio Ltd. (ENTX) Revenue, Earnings & Financials 2025 – Clarifo