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Phathom Pharmaceuticals, Inc. PHAT Q2 2026 earnings

Reported July 30, 2026 · Before market open

Revenue$74.3MBeat by $1.0M
EPS-$0.21Miss by $0.03
Revenue estimate$73.2M
EPS estimate-$0.18

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$74.3M+88.0%
Gross profit$59.2M+71.7%
Operating income-$4.0M+93.4%
Net income-$17.6M+76.8%
EPS (diluted)-$0.21+80.0%

Balance sheet

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Cash & equivalents$182.5M+22.0%
Total debt$167.1M-18.9%
Total equity-$344.3M+15.2%
Total assets$327.1M+30.7%

Cash flow

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Operating cash flow-$1.9M+96.9%
CapEx$44.0K-54.6%
Free cash flow-$2.0M+96.9%

Valuation & ratios

Valuation

as of 06/30/26
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Market cap$865.35M+27.0%
Enterprise value$849.99M+15.2%
P/S3.6×-2.4×

Profitability

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Gross margin82.9%-4.0pp
Operating margin-17%-8.2pp
Net margin-41.3%-19.1pp
FCF margin-15.4%-7.4pp

Returns & leverage

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Current ratio1.9×-0.5×

Segments

By segment

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Reportable Segment Aggregation Before Other Operating$74.3M+88.0%

By product

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Voquezna Product$74.3M+88.1%

FAQ

When did Phathom Pharmaceuticals, Inc. report Q2 2026 earnings?
Phathom Pharmaceuticals, Inc. (PHAT) reported Q2 2026 earnings on July 30, 2026 before market open.
What were Phathom Pharmaceuticals, Inc.'s Q2 2026 revenue and EPS?
Phathom Pharmaceuticals, Inc. reported revenue of $74.3M and eps of $-0.21 for Q2 2026.
Did Phathom Pharmaceuticals, Inc. beat estimates in Q2 2026?
Revenue beat the consensus estimate of $73.2M by $1.0M. EPS missed the consensus estimate of $-0.18 by $0.03.
How did Phathom Pharmaceuticals, Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 88.0% from $39.5M a year earlier and eps grew 73.4% from $-0.79.
Where can I find Phathom Pharmaceuticals, Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-324865) and the 10-Q periodic report (0001193125-26-324867) directly on SEC EDGAR. The filing index links above go to sec.gov.