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Other financials

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%
Free cash flow-$2.0M+96.9%

Valuation

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Market cap$691.7M-5.2%
Enterprise value$676.34M-13.9%
P/S2.9×-3.5×

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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Return on equity-147.9%
Debt / equity5.6×
Current ratio1.9×-0.5×

Where this comes from

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

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Phathom Pharmaceuticals, Inc.’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 7:05 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-324867
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Other long-term assets(171)
Net cash used in operating activities(17,577)(147,659)
Cash flows from investing activities
Cash paid for property and equipment(105)(115)
Net cash used in investing activities(105)(115)
Cash flows from financing activities
Proceeds from issuance of common stock from exercise of stock options4,14280
Proceeds from issuance of long-term debt, net of issuance costs173,250

Item 1. Financial Statements (unaudited)

FAQ

What is Phathom Pharmaceuticals, Inc.'s capex?
Phathom Pharmaceuticals, Inc. (PHAT) reported capex of $44K in Q2 2026.
How has Phathom Pharmaceuticals, Inc.'s capex changed year-over-year?
Phathom Pharmaceuticals, Inc.'s capex decreased by 54.6% year-over-year, from $97K to $44K.
What is the long-term trend for Phathom Pharmaceuticals, Inc.'s capex?
Over 4 years (2021 to 2025), Phathom Pharmaceuticals, Inc.'s capex has grown at a -8.6% compound annual growth rate (CAGR), from $328K to $229K.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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