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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 us-gaap:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost.

The source filing: Mirum Pharmaceuticals, Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001759425-26-000045
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Product sales, net$176,243$127,785$336,125$239,370
Operating expenses:
Cost of sales30,34823,42159,15346,439
Research and development90,52846,067188,43887,111
Acquired in-process research and development16,435742,7375,000
Selling, general and administrative81,46963,286177,799120,992
Total operating expenses218,780132,7741,168,127259,542
Loss from operations(42,537)(4,989)(832,002)(20,172)

Item 1. Financial Statements (Unaudited)

FAQ

What is Mirum Pharmaceuticals, Inc.'s R&D?
Mirum Pharmaceuticals, Inc. (MIRM) reported R&D of $90.53M in Q2 2026.
How has Mirum Pharmaceuticals, Inc.'s R&D changed year-over-year?
Mirum Pharmaceuticals, Inc.'s R&D increased by 96.5% year-over-year, from $46.07M to $90.53M.
What is the long-term trend for Mirum Pharmaceuticals, Inc.'s R&D?
Over 4 years (2021 to 2025), Mirum Pharmaceuticals, Inc.'s R&D has grown at a 8.4% compound annual growth rate (CAGR), from $131.43M to $181.18M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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