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Phathom Pharmaceuticals Inc. Financials

PHAT

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All currency values in $ millions unless otherwise noted

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Showing 6 of 9 available years
Income Statement
TTM
DEC 2025
DEC 2024
DEC 2023
~1.3:1 split
DEC 2022
DEC 2021
Revenues
Revenue$275$175$55$1$0–
Cost of Revenue$53$23$8$0$0–
Gross Profit$222$153$47$1$0–
General & Administrative$215$280$291$118$101$63
Research & Development$32$33$34$50$71$72
Total Operating Expenses$247$312$325$168$172$135
Operating Income-$25-$160-$277-$167-$172-$135
Non-Operating
Net Interest Expense-$57-$61-$57-$34-$25-$7
Other Non-Operating Income (Expense)-$58-$0-$0-$34-$25-$9
EBT (Earnings Before Tax)–-$221-$334–––
Income Tax Expense–$0$0$0$0$0
Net Income
Net Income-$83-$221-$334-$202-$198-$144
Per Share Data
Revenue Per Share$3.24$2.40$0.87$0.01$0.00–
EPS (Basic)-$1.00-$3.03-$5.29-$3.93-$5.05-$3.89
EPS (Diluted)-$1.00-$3.03-$5.29-$3.93-$5.05-$3.89
Weighted Avg Shares (Basic)84.9M72.9M63.2M51.3M39.1M37.0M
Weighted Avg Shares (Diluted)84.9M72.9M63.2M51.3M39.1M37.0M
Shares Outstanding84.9M72.9M63.2M51.3M39.1M37.0M

Phathom Pharmaceuticals (PHAT) financials: revenue, profit and margins

Phathom Pharmaceuticals (PHAT) generated about $275 million in revenue and -$83 million in net income (a -30.2% net margin) over the trailing twelve months, growing at roughly 1,502.4% a year. Figures are from SEC filings; this is analysis, not investment advice.

Frequently asked

What is Phathom Pharmaceuticals's (PHAT) revenue?+

Phathom Pharmaceuticals generated about $275 million in revenue over the trailing twelve months. Revenue has grown at roughly 1,502.4% a year over the past five years. Revenue is the top line, before any costs; what matters for value is how much of it survives to free cash flow. The full income statement, balance sheet and cash-flow statement are on this tab.

Is Phathom Pharmaceuticals profitable?+

Phathom Pharmaceuticals reported about -$83 million in net loss over the trailing twelve months, a net margin of roughly -30.2%. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.

What are Phathom Pharmaceuticals's profit margins?+

Phathom Pharmaceuticals runs a gross margin of about 80.7%, an operating margin of about -9.3%, a net margin of about -30.2%. Margins show how much of each sales dollar a company keeps at each stage. Stable or rising margins usually signal pricing power and cost discipline; falling margins are worth investigating. See the multi-year trend on this tab.

How fast is Phathom Pharmaceuticals growing?+

Phathom Pharmaceuticals's revenue has compounded at roughly 1,502.4% a year over the past five years. Growth only creates value when it is profitable and cash-generative, so read this rate alongside PHAT's margins and free cash flow. This is analysis from SEC filings, not investment advice.

How the market compares: How many US companies are profitable

SourceFinancial statements computed from the 10-Q filed 27 Oct 2026, covering the period ending 30 Sept 2026, as reported to the SEC. Data last refreshed 30 Oct 2026. How this is calculated.

Fiscal year ends Dec.

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Held by ETFs

PHAT is in 20 US ETFs. The largest of them, with PHAT's weight in each:

Spot a number that looks wrong? Check it in PHAT's SEC filings or

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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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