Company research / PHAT

Phathom Pharmaceuticals, Inc. (PHAT)

CIK 0001783183 · Nasdaq · Pharmaceutical Preparations

  • Sector Manufacturing
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Phathom Pharmaceuticals, Inc. reported revenue of $175.11M. Revenue grew 216.9% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $239.66M.

Key ratios (year ended 2025-12-31)

87.1%
Gross margin
-91.4%
Operating margin
-126.3%
Net margin
216.9%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-08

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Revenue$239.66M$175.11M$55.25M$682.0K$0n/an/an/an/a
Cost of Revenue$40.93M$22.60M$7.97M$167.0K$0n/an/an/an/a
Gross Profit$198.73M$152.51M$47.28M$515.0K$0n/an/an/an/a
R&D Expense$30.11M$32.78M$34.08M$49.90M$71.44M$72.34M$98.15M$20.37M$20.0K
Operating Income-$40.64M-$159.99M-$277.47M-$167.31M-$172.44M-$135.08M-$125.67M-$106.22M-$1.23M
Depreciation & Amortization$508.0K$633.0K$795.0K$575.0K$620.0K$521.0K$323.0K$8.0Kn/a
EBITDA-$40.13M-$159.35M-$276.67M-$166.74M-$171.82M-$134.56M-$125.34M-$106.21Mn/a
Net Income-$99.07M-$221.25M-$334.33M-$201.59M-$197.72M-$143.88M-$129.07M-$255.13M-$1.29M
EPS (Diluted)n/a-$3.03-$5.29-$3.93-$5.05-$3.89n/an/an/a
Total Assets$327.07M$259.15M$378.32M$413.84M$164.81M$189.43M$295.11M$257.18M$902.0K
Total Liabilities$671.35M$697.32M$631.90M$486.60M$239.62M$117.28M$100.84M$29.22M$2.19M
Long-Term Debt$164.59M$209.09M$201.41M$137.84M$95.26M$89.67M$46.99M$22.78Mn/a
Shareholders' Equity-$344.27M-$438.17M-$253.58M-$72.76M-$74.81M$72.16M$194.27M$227.96M-$1.29M
Cash & Equivalents$182.48M$129.97M$297.26M$381.39M$155.38M$183.26M$287.50M$243.76M$879.0K
Operating Cash Flow-$36.69M-$166.78M-$266.77M-$137.58M-$146.53M-$148.46M-$69.69M-$36.51M-$1.02M
Capital Expenditures$219.0K$229.0K$135.0K$1.63M$1.04M$328.0K$1.04M$132.0Kn/a
Free Cash Flow-$36.91M-$167.00M-$266.90M-$139.21M-$147.57M-$148.78M-$70.73M-$36.64Mn/a
Shares Outstanding80.07M71.42M68.52M57.97M41.47M30.51M28.52M24.73Mn/a
Weighted Average Diluted Sharesn/a72.92M63.18M51.29M39.12M37.00Mn/an/an/a
EPS (Basic)n/a-$3.03-$5.29-$3.93-$5.05-$3.89n/an/an/a

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