Armata Pharmaceuticals, Inc. (ARMP) Revenue History
Annual and quarterly revenue from 1993 to present
ARMP Revenue Over Time (1993–2025)
ARMP Revenue Growth History
13 of 27 years with positive growth- FY1993 revenue growth
- N/A
- FY1994 revenue growth
- +300.0%
- FY1995 revenue growth
- -75.0%
- FY1996 revenue growth
- +2200.0%
- FY1997 revenue growth
- -60.9%
- FY1998 revenue growth
- +700.0%
- FY1999 revenue growth
- -5.6%
- FY2000 revenue growth
- +67.7%
- FY2001 revenue growth
- +65.6%
- FY2002 revenue growth
- +2.4%
- FY2003 revenue growth
- -27.2%
- FY2004 revenue growth
- -31.4%
- FY2005 revenue growth
- -28.8%
- FY2006 revenue growth
- +43.5%
- FY2007 revenue growth
- +4.7%
- FY2008 revenue growth
- -15.6%
- FY2012 revenue growth
- -92.4%
- FY2013 revenue growth
- -51.1%
- FY2014 revenue growth
- +25.8%
- FY2015 revenue growth
- +16.1%
- FY2016 revenue growth
- -45.3%
- FY2017 revenue growth
- -55.8%
- FY2018 revenue growth
- -100.0%
- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +443.6%
- FY2022 revenue growth
- +23.1%
- FY2023 revenue growth
- -17.8%
- FY2024 revenue growth
- +14.2%
- FY2025 revenue growth
- -5.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $789K | +60.7% |
| Q4 2025 | $0 | -100.0% |
| Q3 2025 | $0 | -100.0% |
| Q2 2025 | $2.2M | — |
| Q1 2025 | $491K | -49.2% |
| Q4 2024 | $1.2M | -19.2% |
| Q3 2024 | $3.0M | +142.7% |
| Q2 2024 | $0 | -100.0% |
Multi-year avg. share of annual revenue by fiscal quarter
ARMP Revenue Analysis (1993–2025)
Current Revenue & Growth
As of June 23, 2026, Armata Pharmaceuticals, Inc. (ARMP) generated trailing twelve-month (TTM) revenue of $3.0 million, reflecting explosive growth of +60.7% year-over-year. The most recent quarter (Q1 2026) recorded $789,000 in revenue
Historical Growth Trajectory
ARMP's 5-year compound annual growth rate (CAGR) stands at +42.9%, indicating outstanding long-term growth trajectory. The 3-year CAGR of -3.8% is below the 5-year average, signalling a growth deceleration in recent years. Armata Pharmaceuticals, Inc.'s highest annual revenue of $19.3 million was recorded in 2002.
Peer Comparison
Compared to Healthcare sector peers — including LSTA (-83.0% YoY), SIGA (-22.1% YoY), and INNV (+13.7% YoY) — ARMP has outperformed the peer group in revenue growth. Compare ARMP vs LSTA →
ARMP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ARMPCurrent | $3M | +60.7% | +42.9% | -636.7% | |
 LSTA | $170,000 | -83.0% | - | -10711.2% | |
 SIGA | $95M | -22.1% | -5.4% | 25.1% | |
 INNV | $854M | +13.7% | +8.5% | -3.5% |
ARMP Historical Revenue Data (1993–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.9M | -5.2% | $3.4M | 68.8% | $-31,222,000 | -636.7% |
| 2024 | $5.2M | +14.2% | $-29,252,000 | -565.4% | $-42,436,000 | -820.2% |
| 2023 | $4.5M | -17.8% | $3.6M | 78.5% | $-40,890,000 | -902.8% |
| 2022 | $5.5M | +23.1% | $-29,509,000 | -535.7% | $-36,946,000 | -670.8% |
| 2021 | $4.5M | +443.6% | $-15,541,000 | -347.4% | $-23,822,000 | -532.5% |
| 2020 | $823K | - | $-13,621,000 | -1655.0% | $-21,587,000 | -2623.0% |
| 2019 | $0 | - | $-1,351,000 | - | $-19,089,000 | - |
| 2018 | $0 | -100.0% | $-1,351,000 | - | $-12,524,000 | - |
| 2017 | $115K | -55.8% | $-259,000 | -225.2% | $-16,156,000 | -14048.7% |
| 2016 | $260K | -45.3% | $-109,000 | -41.9% | $-23,378,000 | -8991.5% |
| 2015 | $475K | +16.1% | $475K | 100.0% | $-10,227,000 | -2153.1% |
| 2014 | $409K | +25.8% | $409K | 100.0% | $-14,110,000 | -3449.9% |
| 2013 | $325K | -51.1% | $243K | 74.8% | $-14,986,000 | -4611.1% |
| 2012 | $664K | -92.4% | $664K | 100.0% | $-4,024,000 | -606.0% |
| 2008 | $8.7M | -15.6% | $8.7M | 100.0% | $-21,167,000 | -242.8% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
33+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
ARMP — Frequently Asked Questions
Quick answers to the most common questions about buying ARMP stock.
Is ARMP's revenue growth accelerating or slowing?
ARMP revenue growth is accelerating. TTM revenue reached $3M, up +60.7% year-over-year — ahead of the 5-year CAGR of +42.9%. This indicates the business is expanding faster than its historical baseline.
What is ARMP's revenue history from 1993 to 2026?
Armata Pharmaceuticals, Inc. (ARMP) revenue history spans 1993 to 2026. TTM revenue as of 2026 is $3M, growing at +60.7% YoY. The 5-year CAGR is +42.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ARMP's long-term revenue growth rate (CAGR)?
Armata Pharmaceuticals, Inc.'s 5-year revenue CAGR of +42.9% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +60.7% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ARMP.
Why does ARMP's quarterly revenue fluctuate?
ARMP quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Armata Pharmaceuticals, Inc.'s revenue data from 1993 to 2026 shows full historical quarterly detail on this page.
How is ARMP's revenue distributed by segment?
ARMP reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ARMP's revenue compare to industry peers?
Armata Pharmaceuticals, Inc. (ARMP) with TTM revenue of $3M and +60.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.