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Phathom Pharmaceuticals, Inc. PHAT Q1 2026 earnings

Reported April 30, 2026 · Before market open

Revenue$58.3MBeat by $2.4M
EPS-$0.37Miss by $0.10
Revenue estimate$55.9M
EPS estimate-$0.27

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$72.7M
EPS estimate-$0.06

Financials

Q1 2026

Income statement

See full
Revenue$58.3M+104%
Gross profit$46.3M+86.8%
Operating income-$15.5M+80.4%
Net income-$30.4M+67.8%
EPS (diluted)-$0.37+71.8%

Balance sheet

See full
Cash & equivalents$180.9M-14.8%
Total debt$166.3M-18.3%
Total equity-$337.0M+0.4%
Total assets$305.1M+3.7%

Cash flow

See full
Operating cash flow-$15.6M+81.6%
CapEx$61.0K+239%
Free cash flow-$15.7M+81.5%

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$953.08M+55.1%
Enterprise value$938.48M+39.9%
P/S4.7×-0.7×

Profitability

See full
Gross margin84.9%-1.3pp
Operating margin-47.1%-21.9pp
Net margin-76.8%-34.5pp
FCF margin-47.7%-22.1pp

Returns & leverage

See full
Current ratio2.2×-1.4×

Segments

By segment

See full
Reportable Segment Aggregation Before Other Operating$58.3M+104%

By product

See full
Voquezna Product$58.3M+105%

Versus estimates

Revenue

Q1 2026$58.3MBeat by $2.4M
Q4 2025$57.6MBeat by $412.4KQ3 2025$49.5MMiss by $7.9MQ2 2025$39.5MMiss by $7.3MQ1 2025$28.5MMiss by $7.1MQ4 2024$29.7MBeat by $625.5K

Diluted EPS

Q1 2026-$0.37Miss by $0.10
Q4 2025-$0.16Beat by $0.16Q3 2025-$0.15Beat by $0.15Q2 2025-$0.79Miss by $0.03Q1 2025-$1.07Miss by $0.01Q4 2024-$0.79Beat by $0.50

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Questions, answered.

When did Phathom Pharmaceuticals, Inc. report Q1 2026 earnings?
Phathom Pharmaceuticals, Inc. (PHAT) reported Q1 2026 earnings on April 30, 2026 before market open.
What were Phathom Pharmaceuticals, Inc.'s Q1 2026 revenue and EPS?
Phathom Pharmaceuticals, Inc. reported revenue of $58.3M and eps of $-0.37 for Q1 2026.
Did Phathom Pharmaceuticals, Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $55.9M by $2.4M. EPS missed the consensus estimate of $-0.27 by $0.10.
How did Phathom Pharmaceuticals, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 104.4% from $28.5M a year earlier and eps grew 65.4% from $-1.07.
Where can I find Phathom Pharmaceuticals, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-193945) and the 10-Q periodic report (0001193125-26-193946) directly on SEC EDGAR. The filing index links above go to sec.gov.