Phathom Pharmaceuticals, Inc.
Phathom Pharmaceuticals, Inc.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 182 | 181 | 130 | 135 | 150 | 212 | 297 | 335 | 276 | 322 | 381 | 214 | |||||
Prepaid Expense And Other Assets Current | 8 | 8 | 15 | 13 | 15 | 13 | 21 | 15 | 15 | 13 | 13 | 13 | |||||
Receivables Net Current | 97 | 81 | 78 | 56 | 51 | 36 | 39 | 21 | 11 | 4 | 2 | - | |||||
Inventory Net | 8 | 7 | 6 | 4 | 3 | 3 | 3 | 3 | 2 | 1 | 1 | 0 | |||||
Assets Current | 296 | 277 | 229 | 208 | 219 | 265 | 360 | 374 | 305 | 340 | 397 | 227 | |||||
Property Plant And Equipment Net | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | |||||
Operating Lease Right Of Use Asset | 2 | 3 | 3 | 3 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | |||||
Restricted Cash | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
Inventory Noncurrent | 22 | 19 | 21 | 24 | 25 | 23 | 12 | 6 | 7 | 8 | 8 | - | |||||
Other Assets Noncurrent | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | |||||
Assets | 327 | 305 | 259 | 240 | 250 | 294 | 378 | 387 | 319 | 356 | 414 | 237 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 5 | 6 | 5 | 1 | 4 | 12 | 11 | 7 | 8 | 8 | 13 | 6 | |||||
Accrued Liabilities Current | 109 | 83 | 90 | 65 | 64 | 43 | 53 | 36 | 27 | 17 | 17 | 13 | |||||
Interest Payable Current | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | |||||
Operating Lease Liability Current | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Contract With Customer Liability Current | 37 | 33 | 27 | 24 | 22 | 17 | 20 | 20 | 10 | 16 | 7 | 2 | |||||
Other Liabilities Current | - | - | 8 | - | - | - | - | - | - | - | - | - | |||||
Liabilities Current | 154 | 125 | 132 | 93 | 92 | 74 | 86 | 65 | 47 | 43 | 39 | 24 | |||||
Long Term Debt Noncurrent | 165 | 164 | 209 | 207 | 205 | 203 | 201 | 176 | 174 | 149 | 138 | 99 | |||||
Contract With Customer Liability Noncurrent | 348 | 348 | 350 | 349 | 347 | 344 | 333 | 322 | 321 | 303 | 300 | 123 | |||||
Operating Lease Liability Noncurrent | 2 | 2 | 2 | 2 | 1 | - | 0 | 0 | 0 | 0 | 0 | 1 | |||||
Other Liabilities Noncurrent | 4 | 4 | 4 | 12 | 12 | 12 | 12 | 11 | 10 | 10 | 10 | 8 | |||||
Liabilities | 671 | 642 | 697 | 663 | 656 | 633 | 632 | 574 | 553 | 505 | 487 | 255 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Treasury Stock Common Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital Common Stock | 1,188 | 1,178 | 1,046 | 1,041 | 1,027 | 1,019 | 1,009 | 1,001 | 869 | 863 | 856 | 831 | |||||
Retained Earnings Accumulated Deficit | -1,532 | -1,515 | -1,484 | -1,463 | -1,433 | -1,357 | -1,263 | -1,189 | -1,103 | -1,012 | -929 | -849 | |||||
Stockholders Equity | -344 | -337 | -438 | -423 | -406 | -338 | -254 | -187 | -234 | -149 | -73 | -18 | |||||
Liabilities And Stockholders Equity | 327 | 305 | 259 | 240 | 250 | 294 | 378 | 387 | 319 | 356 | 414 | 237 | |||||
Related Party | - | - | - | - | - | - | - | - | - | 0 | - | 0 | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | |||||
Common Stock Shares Issued | 80 | 79 | 71 | 71 | 70 | 70 | 69 | 68 | 59 | 59 | 58 | 57 | |||||
Shares Outstanding | 80 | 79 | 71 | 71 | 70 | 70 | 69 | 68 | 59 | 59 | 58 | 57 | |||||
Treasury Stock Common Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.16% | -2.86% | -2.32% | - | - | - | - | - | - | - | - | - |
| 2025 | 19.64% | 210.12% | 136.61% | 29.57% | 25.32% | 43.94% | 12.70% | 31.71% | 5.63% | -17.33% | -2.73% | -12.46% |
| 2024 | -6.64% | 2.08% | 16.35% | 40.60% | 49.11% | 36.60% | -52.05% | -55.78% | -62.70% | 11.86% | -30.34% | -31.86% |
| 2023 | - | - | - | -7.49% | -33.93% | -44.82% | -7.12% | 16.16% | -11.70% | 16.83% | 0.99% | 15.51% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.92 | 2.21 | 1.73 | 2.23 | 2.38 | 3.58 | 4.20 | 5.73 | 6.48 | 7.83 | 10.25 | 9.46 | |||||
| Quick Ratio | 1.82 | 2.09 | 1.58 | 2.05 | 2.19 | 3.36 | 3.92 | 5.45 | 6.11 | 7.50 | 9.88 | 8.91 | |||||
| Working Capital | 142.14M | 151.53M | 96.93M | 114.66M | 127.05M | 190.87M | 274.41M | 308.53M | 257.78M | 296.86M | 358.65M | 202.75M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | -1.95 | -1.91 | -1.59 | -1.57 | -1.62 | -1.87 | -2.49 | -3.07 | -2.37 | -3.40 | -6.69 | -14.33 | |||||
| Interest Coverage TTM | -0.64 | -1.47 | -2.35 | -3.04 | -3.70 | -3.93 | -3.85 | -4.33 | -4.35 | -4.15 | -3.99 | -3.74 | |||||
| Debt Ratio | 2.05 | 2.10 | 2.69 | 2.76 | 2.62 | 2.15 | 1.67 | 1.48 | 1.73 | 1.42 | 1.18 | 1.07 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.83 | 0.68 | 0.55 | 0.47 | 0.40 | 0.25 | 0.14 | 0.08 | 0.03 | 0.01 | 0.00 | 0.00 | |||||
| Days Sales Outstanding TTM | 113.22 | 104.29 | 121.86 | 95.27 | 99.43 | 89.72 | 133.56 | 292.50 | 400.29 | 545.81 | 876.11 | - | |||||
| Receivables Turnover TTM | 3.22 | 3.50 | 3.00 | 3.83 | 3.67 | 4.07 | 2.73 | 1.25 | 0.91 | 0.67 | 0.42 | - | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -1.18 | -1.92 | -3.03 | -3.74 | -4.56 | -4.80 | -5.29 | -5.25 | -5.07 | -4.23 | -3.93 | -3.12 | |||||
| Free Cash Flow Per Share TTM | -0.44 | -1.19 | -2.29 | -3.07 | -3.79 | -3.93 | -4.22 | -3.83 | -3.70 | -2.88 | -2.71 | -2.40 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 82.92% | 84.93% | 87.09% | 87.25% | 86.91% | 86.23% | 85.57% | 83.54% | - | - | - | - | |||||
| Operating Profit Margin TTM | -16.96% | -47.15% | -91.36% | -145.03% | -235.89% | -349.84% | -502.18% | -1,096.02% | -2,548.78% | -7,987.24% | -24,532.55% | - | |||||
| Net Profit Margin TTM | -41.34% | -76.77% | -126.35% | -186.53% | -289.51% | -422.42% | -605.09% | -1,292.14% | -2,995.67% | -9,507.71% | -29,558.94% | - | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 110.16% | 150.30% | 216.93% | 460.30% | 1,049.81% | 3,055.71% | 8,001.47% | - | - | - | - | - | |||||
| Net Income Growth (1Y) | -69.99% | -54.51% | -33.82% | -19.12% | 11.12% | 40.21% | 65.84% | 91.70% | 60.67% | 26.56% | 1.96% | -0.80% | |||||
| EPS Growth (1Y) | -74.03% | -60.10% | -42.66% | -28.78% | -10.21% | 13.72% | 34.64% | 68.43% | 33.08% | -8.17% | -22.24% | -32.18% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -9.17 | -5.80 | -5.47 | -3.15 | -2.10 | -1.30 | -1.53 | -3.44 | -2.03 | -2.51 | -2.32 | -3.33 | |||||
| P/B TTM | -2.64 | -2.71 | -2.76 | -2.04 | -1.71 | -1.33 | -2.02 | -6.24 | -2.58 | -4.17 | -6.44 | -33.13 | |||||
| P/S TTM | 3.79 | 4.45 | 6.91 | 5.87 | 6.09 | 5.51 | 9.28 | 44.48 | 60.81 | 238.98 | 686.61 | - | |||||
| Market Cap | 908.66M | 911.58M | 1.21B | 863.88M | 694.95M | 451.25M | 512.99M | 1.17B | 603.15M | 619.91M | 468.27M | 588.83M | |||||
| Enterprise Value | 890.77M | 894.35M | 1.29B | 935.81M | 750.52M | 442.18M | 417.14M | 1.01B | 501.33M | 446.70M | 224.72M | 474.42M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -36.91M | -97.76M | -167.00M | -225.38M | -274.85M | -282.79M | -266.91M | -247.72M | -216.95M | -168.39M | -139.21M | -136.05M | |||||
| Net Debt | -17.89M | -17.23M | 79.12M | 71.94M | 55.57M | -9.07M | -95.85M | -158.95M | -101.81M | -173.21M | -243.55M | -114.42M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
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| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
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| EV EBITDA TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Institutional Ownership
Phathom Pharmaceuticals, Inc. (PHAT) — SEC Financial Statements & Analysis
Phathom Pharmaceuticals, Inc. (PHAT) is a pharmaceutical preparations company, incorporated in DE. Phathom Pharmaceuticals, Inc. trades on Nasdaq as: PHAT. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Phathom Pharmaceuticals, Inc. reported a 110.16% year-over-year revenue growth, a Gross Profit Margin of 82.92% (TTM), a Debt-to-Equity ratio of -1.95x, a Price-to-Sales (P/S) ratio of 3.79x (TTM), a Price-to-Book (P/B) ratio of -2.64x (TTM), at a market cap of $908.66M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 110.16%
- Gross Profit Margin TTM
- 82.92%
- Debt To Equity
- -1.95x
- P/S TTM
- 3.79x
- P/B TTM
- -2.64x
- Market Cap
- $908.66M
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Phathom Pharmaceuticals, Inc. in?
Phathom Pharmaceuticals, Inc. (PHAT) operates in the Pharmaceutical Preparations industry.
What is PHAT's market cap?
Phathom Pharmaceuticals, Inc. (PHAT) has a market capitalization of $908.66M as of 2026-06-30.
What exchange does PHAT trade on?
Phathom Pharmaceuticals, Inc. (PHAT) trades on the Nasdaq.
Where is Phathom Pharmaceuticals, Inc. incorporated?
Phathom Pharmaceuticals, Inc. is incorporated in DE.