Phathom Pharmaceuticals Inc banner

Phathom Pharmaceuticals Inc
NASDAQ:PHAT

Watchlist Manager
Phathom Pharmaceuticals Inc Logo
Phathom Pharmaceuticals Inc
NASDAQ:PHAT
Watchlist
Price: 10.53 USD -0.47% Market Closed
Market Cap: $829.8m

Phathom Pharmaceuticals Inc
Investor Relations

Phathom Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company, which engages in the development and commercialization of novel treatments for gastrointestinal diseases. The company is headquartered in Florham Park, New Jersey and currently employs 77 full-time employees. The company went IPO on 2019-10-25. The Company’s pipeline product candidate, vonoprazan is an oral small molecule potassium-competitive acid blocker (P-CAB). P-CABs are a class of medicines that block acid secretion in the stomach. Vonoprazan has an anti-secretory effect and has demonstrated clinical benefits in the treatment of gastroesophageal reflux disease (GERD), and in combination with antibiotics for the treatment of Helicobacter pylori (H. pylori) infection. GERD and H. pylori infection are acid-related GI diseases. GERD is a disease that develops when the reflux of acidic stomach contents causes troublesome symptoms and/or complications. H. pylori is a bacterial pathogen.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 26, 2026
AI Summary
Q4 2025

Revenue Beat: Full-year 2025 revenue was $175.1 million, at the high end of guidance and up 217% year-over-year.

Profitability Path: Management reiterated expectations to achieve operating profitability in Q3 2026 and cash flow positivity in 2027.

Expense Discipline: Q4 cash operating expenses fell to $50.3 million, nearly 50% lower than earlier in 2025 and below guidance.

Capital Structure: The company improved its balance sheet by extending loan maturities to 2029 and lowering interest rates from 12% to 9.85%.

2026 Guidance: Revenue guidance for 2026 is $320–345 million, reflecting solid growth and an accounting classification change.

Sales Force Momentum: The sales team is nearly at full strength, driving increased physician adoption and prescription volumes.

Market Penetration: Over 1.1 million VOQUEZNA prescriptions have been filled to more than 230,000 patients, with strong GI adoption trends.

Key Financials
Revenue
$175.1 million
Revenue (Q4)
$57.6 million
Cash Operating Expenses (Q4)
$50.3 million
Cash Operating Expenses (Full Year 2025)
$284 million
Cash Operating Expenses (2026 guidance)
$235–255 million
Gross Margin
87%
Net Cash Usage (Q4)
$5 million
Cash and Cash Equivalents (end of 2025)
$130 million
Cash Balance (start of 2026 after equity raise)
just north of $250 million
Outstanding Term Loan Principal
$175 million
Interest Rate on Term Loan
9.85%
Loan Maturity Date
February 2029
Gross to Net (Q4 2025)
at the high end of 55% to 60% range
Prescriptions Filled (Q4)
273,000
VOQUEZNA Total Prescriptions (since launch)
over 1.1 million
VOQUEZNA Patients (since launch)
more than 230,000
Earnings Call Recording
Other Earnings Calls

Management

Ms. Terrie J. Curran
President, CEO & Director
No Bio Available
Mr. David A. Socks
Co-Founder & Director
No Bio Available
Dr. Azmi Nabulsi M.D., M.P.H.
Co-Founder & COO
No Bio Available
Ms. Molly Henderson CPA, MBA
Chief Financial & Business Officer
No Bio Available
Dr. Aditya Kohli Ph.D.
Co-Founder
No Bio Available
Mr. Paul Cocja
Chief People Officer
No Bio Available
Mr. Tom Harris
Chief Development Sciences Officer
No Bio Available
Dr. Eckhard Leifke M.D., Ph.D.
Chief Medical Officer
No Bio Available
Mr. Martin J. Gilligan
Chief Commercial Officer
No Bio Available

Contacts

Address
NEW JERSEY
Florham Park
100 Campus Drive,, Suite 102
Contacts
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett