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Mirum Pharmaceuticals, Inc. MIRM Volixibat — Payments for achievement of various milestones

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Other financials

Income statement

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Revenue$176.2M+37.9%
Operating income-$42.5M-753%
Net income-$67.2M-1,047%
EPS (diluted)-$1.06-783%

Balance sheet

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Cash & equivalents$262.7M+39.4%
Total debt$12.9M+29.2%
Total equity-$10.4M-104%
Total assets$1.0B+44.0%

Cash flow

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Operating cash flow-$44.3M-468%
CapEx$23.0K-81.7%
Free cash flow-$44.3M-472%

Valuation

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Market cap$6.45B+144%
Enterprise value$6.2B+151%
P/S10.4×+4.3×

Profitability

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Operating margin-134.9%-151pp
Net margin-139.2%-156pp
FCF margin-37%

Returns & leverage

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Return on equity-335.8%-377pp
Debt / equity0.1×0.0×
Current ratio2.9×-0.3×

Where this comes from

Reported directly by Mirum Pharmaceuticals, Inc. in its filing.

Tagged under the XBRL concept mirm:PaymentsForAchievementOfVariousClinicalDevelopmentRegulatoryAndCommercialMilestones.

The source filing: Mirum Pharmaceuticals, Inc.’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 4:28 PM EST
Fiscal year
FY2025
Accession
0001759425-26-000013

The Company is obligated to pay Shire up to an aggregate of $109.5 million upon the achievement of certain clinical development and regulatory milestones for Livmarli in certain indications and an additional $25.0 million upon regulatory approval of Livmarli for each and every other indication. In addition, the Company is required to pay up to an aggregate of $30.0 million upon the achievement of certain clinical development and regulatory milestones for volixibat solely for the first indication sought. Upon commercialization, the Company is obligated to pay Shire commercial milestones on total licensed products up to an aggregate of $30.0 million. Through December 31, 2025 under this agreement, the Company paid or accrued $101.5 million for the achievement of various clinical development, regulatory and commercial milestones.

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Mirum Pharmaceuticals, Inc.'s volixibat — payments for achievement of various milestones?
Mirum Pharmaceuticals, Inc. (MIRM) reported volixibat — payments for achievement of various milestones of $25.38M in Q4 2025.
How has Mirum Pharmaceuticals, Inc.'s volixibat — payments for achievement of various milestones changed year-over-year?
Mirum Pharmaceuticals, Inc.'s volixibat — payments for achievement of various milestones increased by 17.3% year-over-year, from $21.63M to $25.38M.
What does volixibat — payments for achievement of various milestones mean?
Reflects the actual cash outflows disbursed to third parties upon the successful attainment of predetermined milestones for the Volixibat program. These payments are typically stipulated in collaboration or in-licensing agreements to reward progress in clinical trials or regulatory filings. Tracking these payments provides insight into the realized capital expenditure required to advance the asset toward market approval.

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