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PHAT Phathom Pharmaceuticals, Inc.

Trailing twelve months to 2026-06-30 · as filed 2026-07-30, not restated
Healthcare

Scale

Market cap
$700m
Revenue TTM
$240m
Net income TTM
$-99m
Free cash flow
$-37m
Composite score
Sector rank
#2228

Valuation

P / E
EV / EBITDA
EV / sales
2.8
FCF yield
-5.27%
Earnings yield vs 10-yr
-18.88pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
-41.3%
EBITDA margin
-16.8%
ROE
28.8%
ROIC
Revenue growth
110.2%

Insider activity, last 90 days

Net open-market
$0.00m
Buyers
0
Sellers
0

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

During the six months ended June 30, 2026, we generated increased revenues from sales of our VOQUEZNA products compared to the same period in the prior year, reflecting continued execution of our U.S. commercial strategy. The majority of our revenue was derived from sales of VOQUEZNA. Our operations to date have been funded primarily through commercial bank debt, our revenue interest financing debt and various equity offerings, including our at-the-market offerings. We agreed to make milestone payments to Takeda upon achieving certain tiered aggregate annual net sales of licensed products in the United States, Europe and Canada up to a total maximum milestone amount of $250 million. …Phathom Pharmaceuticals, Inc., 10-Q, period ended 2026-06-30, filed 2026-07-30

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