Phathom Pharmaceuticals, Inc. (PHAT) Earnings History
Net Loss8 years of earnings data (2018–2025) · Currently unprofitable on a TTM basis
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Phathom Pharmaceuticals, Inc. (PHAT) Earnings Overview
As of June 21, 2026, Phathom Pharmaceuticals, Inc. (PHAT) reported trailing twelve-month net income of -$127M, reflecting +42.7% year-over-year growth. The company earned $-1.55 per diluted share over the past four quarters, with a net profit margin of -126.3%.
Looking at the long-term picture, PHAT's historical earnings data spans multiple years. The company achieved its highest annual net income of -$1M in fiscal 2018.
Phathom Pharmaceuticals, Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including ACAD ($376M net income, 36.5% margin), SUPN (-$29M net income, -5.4% margin), PRGO (-$1.82B net income, -33.5% margin), PHAT has room to improve margins relative to the peer group. Compare PHAT vs ACAD →
PHAT Earnings vs Peers
Earnings metrics vs comparable public companies
PHAT Historical Earnings Data (2018–2025)
8 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$221M | +33.8% | -$160M | $-3.03 | -126.3% | -91.4% |
| 2024 | -$334M | -65.8% | -$277M | $-5.29 | -605.1% | -502.2% |
| 2023 | -$202M | -2.0% | -$167M | $-3.93 | -29558.9% | -24532.6% |
| 2022 | -$198M | -37.4% | -$172M | $-5.70 | - | - |
| 2021 | -$144M | -11.5% | -$135M | $-4.00 | - | - |
| 2020 | -$129M | +38.5% | -$126M | $-4.01 | - | - |
| 2019 | -$210M | -16184.5% | -$106M | $-8.48 | - | - |
| 2018 | -$1M | - | -$1M | $-0.15 | - | - |
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PHAT — Frequently Asked Questions
Quick answers to the most common questions about buying PHAT stock.
What is PHAT earnings per share (EPS)?
PHAT trailing twelve-month (TTM) diluted EPS is $-1.55, reflecting +42.7% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2018 to 2025 is available in the table on this page.
What is Phathom Pharmaceuticals, Inc.'s net income?
Phathom Pharmaceuticals, Inc. (PHAT) trailing twelve-month net income is $-127M as of 2025. Earnings grew +42.7% year-over-year.
Is PHAT profitable?
PHAT is not currently profitable on a TTM basis, reporting a net loss of $-127M. Net margin is -126.3%. Investors should monitor for a return to profitability.
What is PHAT's earnings growth rate?
PHAT compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2018 to 2025.
What are PHAT's profit margins?
Phathom Pharmaceuticals, Inc. net profit margin is -126.3%, operating margin is -91.4%, and gross margin is +87.1%. Below-average margins reflect competitive or cost pressures. Return on Equity is N/A.
Is PHAT growing earnings?
Yes, PHAT earnings are accelerating — EPS growth of +42.7% exceeds the 5-year CAGR of N/A. TTM net income reached $-127M. Earnings momentum is strengthening.
What was PHAT's best earnings year?
Phathom Pharmaceuticals, Inc.'s highest annual net income on record is $-1M, achieved in fiscal year 2018. Earnings history on this page spans 2018 to 2025 and includes all annual and quarterly figures.
What were PHAT's earnings last quarter?
PHAT's most recent reported quarter was Q1 2026. Net income was $0.00 with diluted EPS of $-0.37. For a full breakdown of all quarters, see the quarterly earnings table on this page.