Form 8-K

8-K — Emmaus Life Sciences, Inc.

Accession: 0001213900-26-089912

Filed: 2026-08-14

Period: 2026-08-14

CIK: 0000822370

SIC: 2834 (PHARMACEUTICAL PREPARATIONS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ea0302099-8k_emmaus.htm (Primary)

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8-K — CURRENT REPORT

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities

Exchange Act of 1934

Date of Report (Date of earliest event reported):

August 14, 2026

Emmaus Life Sciences, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-35527

87-0419387

(State or other jurisdiction

of incorporation)

(Commission File Number)

(I.R.S. Employer

Identification No.)

21250 Hawthorne Boulevard, Suite 800, Torrance, CA

90503

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including

area code (310) 214-0065

(Former name or former address, if changed, since

last report.)

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

None

Indicate by check mark whether the registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the

Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operation and Financial Condition.

On August 14, 2026, Emmaus

Life Sciences, Inc. (“we,” “us,” “our,” “Emmaus” or the “company”) issued

a press release announcing our results of operations and financial condition as of and for the three and six months ended June 30, 2026,

a copy of which is included as Exhibit 99.1 to this Current Report and incorporated herein by reference.

The

information included in this Item 2.02 and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities

Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed

incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific

reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

See the accompanying Index to Exhibits, which is

incorporated herein by reference.

SIGNATURES

Pursuant to the requirements

of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto

duly authorized.

Date: August 14, 2026

Emmaus Life Sciences, Inc.

By:

/s/ WILLIS LEE

Name:

Willis Lee

Title:

Chairman and Chief Executive Officer

INDEX TO EXHIBITS

Exhibit

Number

Description

99.1

Press release dated August 14, 2026

104

Cover Page Interactive Date File (embedded within Inline XBRL document)

EX-99.1 — PRESS RELEASE DATED AUGUST 14, 2026

EX-99.1

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Exhibit 99.1

Emmaus Life Sciences Reports Quarterly Financial

Results

Torrance CA, August 14, 2026 - Emmaus Life Sciences,

Inc. (OTCQB: EMMA), a commercial-stage biopharmaceutical company and leader in the treatment of sickle cell disease, today reported

on its financial condition and results of operations as of and for the three and six months ended June 30, 2026.

Highlights

“Under our previously announced License and

Exclusive Distribution Agreement with NeoImmuneTech, Inc., or NIT, which became effective date on May 15, 2026, we granted NIT an exclusive

license to our rights to market, sell, and distribute Endari and any generic equivalents we may develop in sickle cell disease in the

U.S. and its territories and possessions and Canada in exchange for an upfront cash payment and royalties on NIT’s sales of the

licensed products. We recognized a part of the upfront payment and royalties as revenue which resulted in a 124% increase in net revenues

for three month ended June 30, 2026 as compared to the same period in 2025,” commented Willis Lee, Chairman and Chief Executive

Officer of Emmaus. “We were also able to further reduce our operating expenses,” he added.

Financial and Operating Results

Net Revenues. Net revenues for the three

months ended June 30, 2026 were $6.3 million, compared to $2.8 million in the same period in 2025 due primarily to the recognition of

revenue from the NIT license arrangement, partially offset by a decrease in direct Endari® sales.

Operating Expenses. Total operating expenses

for the three months were $2.1 million compared to $3.0 million in the comparable period in 2025. The decrease was due primarily to decreased

expenses attributable to the transfer of our sales force to NIT in connection with the license arrangement.

Income (Loss) From Operations. Income

from operations for the three months was $3.8 million compared to $0.4 million loss from operations in the same period in 2025. This

was due to the increase in net revenues and lower operating expenses.

Other Expense. The company realized other expense of $2.5 million

for the three months compared to $1.4 million in the same period in 2025. The increase was primarily due to decreases of gain on lease

modification and change in fair value of investment in equity securities.

Net Income (Loss). For the three months,

the company realized a net income of $1.3 million, or $0.02 basic earnings per share based on approximately 70.2 million weighted-average

common shares, compared to net loss of $1.1 million, or ($0.02) basic earnings per share based on approximately 63.9 million weighted-average

common shares in the comparable period in 2025. The increase in net income was attributable primarily to the increase in net revenues.

Liquidity and Capital Resources. At June

30, 2026, the company had cash and cash equivalents of $2.8 million, compared to $2.1 million at December 31, 2025.

About Emmaus Life Sciences

Emmaus Life Sciences, Inc. is a commercial-stage

biopharmaceutical company and leader in the treatment of sickle cell disease. Endari® (L-glutamine oral powder), indicated to reduce

the acute complications of sickle cell disease in adults and children 5 years and older, is approved for marketing in the United States,

Israel, Kuwait, Qatar, the United Arab Emirates, Bahrain and Oman and is available on a named patient or early access basis in France,

the Netherlands, and the Kingdom of Saudi Arabia, where Emmaus’ application for marketing authorization is awaiting final action

by the Saudi Food & Drug Authority. For more information, please visit www.emmausmedical.com.

About Endari® (prescription grade

L-glutamine oral powder)

Endari®, Emmaus’ prescription grade

L-glutamine oral powder, was approved by the U.S. Food and Drug Administration (FDA) in July 2017 for treating sickle cell disease in

adult and pediatric patients five years of age and older.

Indication

Endari® is indicated to reduce the acute

complications of sickle cell disease in adult and pediatric patients five years of age and older.

Important Safety Information

The most common adverse reactions (incidence

>10 percent) in clinical studies were constipation, nausea, headache, abdominal pain, cough, pain in extremities, back pain, and chest

pain.

Adverse reactions leading to treatment discontinuation

included one case each of hypersplenism, abdominal pain, dyspepsia, burning sensation, and hot flash.

The safety and efficacy of Endari® in pediatric

patients with sickle cell disease younger than five years of age has not been established.

For more information, please see full Prescribing

Information of Endari® at: www.ENDARIrx.com/PI.

About Sickle Cell Disease

There are approximately

100,000 people living with sickle cell disease (SCD) in the United States and millions more globally. The sickle gene is found

in every ethnic group, not just among those of African descent; and in the United States an estimated 1-in-365 African Americans

and 1-in-16,300 Hispanic Americans are born with SCD.1 The genetic mutation responsible for SCD causes an individual’s

red blood cells to distort into a “C” or a sickle shape, reducing their ability to transport oxygen throughout the body. These

sickled red blood cells break down rapidly, become very sticky, and develop a propensity to clump together, which causes them to become

stuck and cause damage within blood vessels. The result is reduced blood flow to distal organs, which leads to physical symptoms of incapacitating

pain, tissue and organ damage, and early death.2

Forward-looking Statements

This press release contains forward-looking statements

made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking

statements are subject to numerous assumptions, risks and uncertainties which change over time, including doubt about the company’s

ability to continue as a going concern and other factors disclosed in the company’s Annual Report on Form 10-K for the year ended

December 31, 2025 filed with the SEC on March 31, 2026 and Quarterly Report on Form 10-Q filed on August 14, 2026, and actual results

may differ materially. Such forward-looking statements speak only as of the date they are made, and Emmaus assumes no duty to update

them, except as may be required by law.

Company Contact:

Emmaus Life Sciences, Inc.

Investor Relations

(310) 214-0065

IR@emmauslifesciences.com

1 Source: Data

& Statistics on Sickle Cell Disease – National Center on Birth Defects and Developmental

Disabilities, Centers for Disease Control and Prevention, December 2020.

2 Source: Committee

on Addressing Sickle Cell Disease – A Strategic Plan and Blueprint for Action -- National

Academy of Sciences Press, 2020.

(Financial Tables Follow)

Emmaus

Life Sciences, Inc.

Condensed

Consolidated Statement of Operations and Comprehensive Income (Loss)

(In thousands, except share and per share amounts)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Revenues, Net

$ 6,318

$ 2,817

$ 8,300

$ 5,223

Cost of Goods Sold

344

150

512

375

Gross Profit

5,974

2,667

7,788

4,848

Operating Expenses

2,183

3,037

4,820

6,198

Income (Loss) from Operations

3,791

(370 )

2,968

(1,350 )

Net Income (Loss)

1,339

(1,135 )

(1,996 )

(3,465 )

Comprehensive Income (Loss)

1,684

2,901

(2,569 )

769

Net Income (Loss) per Share

$ 0.02

$ (0.02 )

$ (0.03 )

$ (0.05 )

Weighted Average Common Shares Outstanding

70,188,263

63,865,571

70,188,263

63,865,571

Emmaus

Life Sciences, Inc.

Condensed

Consolidated Balance Sheets

(In thousands)

As of

June 30,

2026

December 31,

2025

Assets

Current Assets:

Cash and cash equivalents

$ 2,808

$ 2,127

Accounts receivable, Net

709

2,804

Inventories, net

1,589

1,555

Prepaid expenses and other current assets

897

1,260

Total Current Assets

6,003

7,746

Property and Equipment, Net

113

Right of use assets

808

766

Investment in convertible bond

8,691

12,604

Investment in equity security

580

Other Assets

203

207

Total Assets

$ 16,370

$ 21,436

Liabilities and Stockholders’ Deficit

Current Liabilities:

Accounts payable and accrued expenses

$ 23,466

$ 22,615

Operating lease liabilities, current portion

390

348

Conversion feature derivative, notes payable

Notes payable, current portion

9,247

11,151

Convertible notes payable, net of discount

17,333

17,380

Other current liabilities

15,671

17,578

Total Current Liabilities

66,116

69,072

Other long-term liabilities

16,430

15,972

Total Liabilities

82,546

85,044

Stockholders’ Deficit

(66,176 )

(63,608 )

Total Liabilities & Stockholders’ Deficit

$ 16,370

$ 21,436

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