What does loss on debt extinguishment mean?

Non-cash loss from retiring debt before maturity, added back in operating cash flow since the cash impact is in financing.

Phathom Pharmaceuticals, Inc. PHAT Loss on Debt Extinguishment

Loss on Debt Extinguishment at other companies

Zevra Therapeutics, Inc.ZVRA

-$2.76M—

PVL

Palvella TherapeuticsPVLA

$0-100%

Roivant SciencesROIV

$0+100%

Other financials

Income statement

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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

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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

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Operating cash flow-$15.6M+81.6%

CapEx$61.0K+239%

Free cash flow-$15.7M+81.5%

Valuation

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Market cap$824.68M+13.4%

Enterprise value$810.08M+12.7%

P/S4×-4.9×

Profitability

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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

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Return on equity-147.9%—

Debt / equity5.6×—

Current ratio2.2×-1.4×

Where this comes from

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

Tagged under the XBRL concept us-gaap:GainsLossesOnExtinguishmentOfDebt.

The official record: Phathom Pharmaceuticals, Inc.’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Phathom Pharmaceuticals, Inc.'s loss on debt extinguishment?: Phathom Pharmaceuticals, Inc. (PHAT) reported loss on debt extinguishment of -$829K in Q1 2026.
What does loss on debt extinguishment mean?: Non-cash loss from retiring debt before maturity, added back in operating cash flow since the cash impact is in financing.