Ensysce Biosciences Inc. reported a net loss attributable to common stockholders of $3.7 million for the third quarter of 2025, compared to a gain of $0.7 million in the same period of 2024. Cash and cash equivalents were $1.7 million as of September 30, 2025, down from $3.5 million at the end of 2024. Other income for the third quarter of 2025 was $12.0 thousand, compared to $17.0 thousand in the third quarter of 2024. Federal grants provided $0.5 million in funding for the quarter, a decrease from $3.4 million in the prior year period. During the quarter, Ensysce initiated its pivotal Phase 3 study of PF614 and completed a convertible preferred stock offering in November 2025, raising $4.0 million with up to $16.0 million in additional funding possible over the next 24 months.