Phathom Pharmaceuticals/$PHAT

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About Phathom Pharmaceuticals

Phathom Pharmaceuticals Inc operates as a clinical-stage biopharmaceutical company. The firm is focused on developing and commercializing novel treatments for gastrointestinal, or GI, diseases. Its product comprises vonoprazan, an oral small-molecule potassium competitive acid blocker medicine that blocks acid secretion in the stomach. Vonoprazan shows rapid, potent, and durable anti-secretory effects and has demonstrated clinical benefits in the treatment of gastroesophageal reflux disease, and in combination with antibiotics for the treatment of Helicobacter pylori infection.

Ticker

$PHAT
Sector
Primary listing

Employees

427

PHAT Metrics

BasicAdvanced
$940M
-
-$3.80
0.44
-

What the Analysts think about PHAT

Analyst ratings (Buy, Hold, Sell) for Phathom Pharmaceuticals stock.

Bulls say / Bears say

Sequential revenue growth with Q3 2025 net revenues of $49.5 million, up 25% quarter-over-quarter driven by VOQUEZNA adoption (TipRanks).
Operating expense discipline delivered a 43% quarter-over-quarter reduction in cash operating expenses and a 77% cut in net cash usage in Q3, bolstering the path toward profitability (Investing.com).
Pipeline diversification with the initiation of the Phase 2 pHalcon-EoE-201 trial for eosinophilic esophagitis expands the growth outlook beyond GERD (TipRanks).
Persistent unprofitability with a net loss of $200.1 million for the nine months ended September 30, 2025 and an accumulated deficit of $1.5 billion raise sustainability concerns (StockTitan).
Elevated general and administrative expenses of $94.5 million in Q1 2025, up from $62.0 million a year earlier, highlight ongoing high fixed costs that could pressure margins (NASDAQ).
Significant reliance on a single approved product, VOQUEZNA, with only early-stage pipeline assets creates concentration risk if commercial or clinical setbacks occur (TipRanks).
Data summarised monthly by Lightyear AI. Last updated on 4 Nov 2025.

PHAT Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

PHAT Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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