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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$846.21M+13.4%
Enterprise value$831.61M+12.7%
P/S4.1×-5.0×

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:SellingGeneralAndAdministrativeExpense.

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 SG&A?
Phathom Pharmaceuticals, Inc. (PHAT) reported SG&A of $54.01M in Q1 2026.
How has Phathom Pharmaceuticals, Inc.'s SG&A changed year-over-year?
Phathom Pharmaceuticals, Inc.'s SG&A decreased by 42.8% year-over-year, from $94.47M to $54.01M.
What is the long-term trend for Phathom Pharmaceuticals, Inc.'s SG&A?
Over 3 years (2022 to 2025), Phathom Pharmaceuticals, Inc.'s SG&A has grown at a 40.4% compound annual growth rate (CAGR), from $101M to $279.72M.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.