The Tip Desk

Phathom Pharmaceuticals, Inc.

Financial highlights

Amounts in millions
MetricFY 12/31/25FY 12/31/24FY 12/31/23FY 12/31/22FY 12/31/21
Income Statement
Revenue$175.1$55.3$0.7$0.0—
Operating income-$160.0-$277.5-$167.3-$172.4-$135.1
Net income-$221.2-$334.3-$201.6-$197.7-$143.9
Balance Sheet
Total debt$200.0$200.0$140.0$100.0$100.0
Cash Flow Statement
Free cash flow-$167.0-$266.9-$139.2-$147.6-$148.8

Shares outstanding 80.9M · Free float 60.0%

Annual filing data through FY ended December 31, 2025; float as of October 4, 2026.

Earnings

Other Coverage