Phathom Pharmaceuticals, Inc. PHAT NJ — Lessee Operating Lease Number Of Option To Extend
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Where this comes from
Reported directly by Phathom Pharmaceuticals, Inc. in its filing.
Tagged under the XBRL concept phat:LesseeOperatingLeaseNumberOfOptionToExtend.
The source filing: Phathom Pharmaceuticals, Inc.’s 10-Q, filed April 30, 2026.
- Filed
- Apr 30, 2026, 7:05 AM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001193125-26-193946
As of March 31, 2026, the Company had operating leases for office space in both Buffalo Grove, Illinois and Florham Park, New Jersey, with weighted average remaining lease terms of 4.2 years and 4.9 years, respectively. In September 2025, the Company entered into amendments to its lease agreements for the New Jersey office space to extend the terms of the leases through February 2031. All operating leases contain an option to extend the term for one additional five year period, which was not considered in the determination of the right-of-use asset or lease liability as the Company did not consider it reasonably certain that it would exercise such options.
Item 1. Financial Statements (unaudited)
FAQ
- What is Phathom Pharmaceuticals, Inc.'s NJ — lessee operating lease number of option to extend?
- Phathom Pharmaceuticals, Inc. (PHAT) reported NJ — lessee operating lease number of option to extend of 1 in Q1 2026.
- How has Phathom Pharmaceuticals, Inc.'s NJ — lessee operating lease number of option to extend changed year-over-year?
- Phathom Pharmaceuticals, Inc.'s NJ — lessee operating lease number of option to extend decreased by 0.0% year-over-year, from 1 to 1.
- What does NJ — lessee operating lease number of option to extend mean?
- This metric represents the total count of contractual options available to the company to extend the lease term for operating assets within the specified geographic or operational segment. It provides insight into the company's flexibility to maintain its physical footprint and operational continuity in a specific region. Monitoring this count helps investors assess potential future lease commitments and the strategic optionality regarding facility usage.
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