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Operating margin at other companies

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41.6%+19.9pp
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-8.2%-3.5pp
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-134.9%-151pp
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CorMedixCRMD
48.4%

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%
CapEx$44.0K-54.6%
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
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

Calculated from Phathom Pharmaceuticals, Inc.’s reported figures.

Based on trailing twelve months.

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

Filed
Jul 30, 2026, 7:05 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-324867

FAQ

What is Phathom Pharmaceuticals, Inc.'s operating margin?
Phathom Pharmaceuticals, Inc. (PHAT) reported operating margin of -17% in Q2 2026.
How has Phathom Pharmaceuticals, Inc.'s operating margin changed year-over-year?
Phathom Pharmaceuticals, Inc.'s operating margin increased by 92.8% year-over-year, from -235.9% to -17%.
What is the long-term trend for Phathom Pharmaceuticals, Inc.'s operating margin?
Over 2 years (2023 to 2025), Phathom Pharmaceuticals, Inc.'s operating margin has grown at a -93.9% compound annual growth rate (CAGR), from -24,532.6% to -91.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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