Revenue: As of FY2026 Q2, the actual value is USD 17.7 M.

EPS: As of FY2026 Q2, the actual value is USD -0.53.

EBIT: As of FY2026 Q2, the actual value is USD -61.91 M.

Revenue

Enhanced Group Inc. reported revenue of $17.7 million for the three months ended June 30, 2026, primarily from sponsorship revenue from the inaugural Enhanced Games, compared to no revenue in the prior-year period. For the six months ended June 30, 2026, revenue was also $17.7 million, with no revenue reported in the prior-year period.

Operational Metrics

Loss from operations was - $61.9 million for the three months ended June 30, 2026, compared to - $3.0 million in the prior-year period, largely due to direct costs for the inaugural Enhanced Games and increased general and administrative expenses. For the six months ended June 30, 2026, loss from operations totaled - $78.5 million, an increase from - $6.5 million in the prior-year period.

Net loss for the three months ended June 30, 2026, was - $61.9 million, compared to - $3.0 million in the prior-year period. The net loss for the six months ended June 30, 2026, was - $78.4 million, compared to - $6.3 million in the prior-year period.

Adjusted EBITDA loss was - $42.7 million for the three months ended June 30, 2026, compared to - $2.7 million in the prior-year period. For the six months ended June 30, 2026, the Adjusted EBITDA loss was - $56.2 million, compared to - $5.8 million in the prior-year period.

Total operating expenses for the three months ended June 30, 2026, were $79.6 million, including $52.0 million for Games, athletes, and event operating costs, $16.6 million for selling, general, and administrative expenses, and $10.9 million for transaction expenses. For the six months ended June 30, 2026, total operating expenses amounted to $96.2 million.

Cash Flow

Cash used in operating activities was - $44.0 million for the six months ended June 30, 2026, compared to - $7.5 million in the prior-year six-month period.

Unique Metrics

Enhanced Group Inc. secured approximately $32 million in sponsorship contract value for the inaugural Enhanced Games. As of June 30, 2026, cash and cash equivalents were $19.6 million, down from $25.3 million as of December 31, 2025. The company raised $50 million in PIPE financing during Q2 2026, with an additional $3.3 million from tranche two and $13.3 million from tranche three expected around August 14, 2026.

Operational highlights include hosting the inaugural Enhanced Games, securing 10 sponsors, and athletes achieving 21 personal bests and three world records. Enhanced Group Inc. also successfully completed an IRB-approved clinical trial and launched the Live Enhanced platform, offering 11 Rx therapies and two proprietary supplement products. The company signed an exclusive media rights agreement with Roku, reaching 100 million North American households, and the Games engaged one billion people globally, including four million live views (excluding Roku streaming data), with independent media coverage generating 4,000 global stories reaching 16.7 billion unique visitors per month.

Outlook / Guidance

Enhanced Group Inc. expects to recognize the remaining sponsorship revenue from the approximately $32 million aggregate deal value in future periods as performance obligations are satisfied. The company views the developing regulatory framework in the peptide market as a potential tailwind and is evaluating strategic M&A opportunities and partnerships to accelerate capabilities across its sports, live entertainment, and consumer businesses. Additionally, Enhanced Group Inc. is strengthening its U.S. supply chain and pharmacy partnerships to support personalized compounding, nationwide fulfillment, and improved product margins.