Phathom Pharmaceuticals PHAT
NASDAQ PHAT
$9.50 +0.45 (+4.98%)
As of: Sep 4, 2026 · 3:59 PM EDT

Phathom Pharmaceuticals (PHAT) Common Equity (2018 - 2026)

Phathom Pharmaceuticals (PHAT) posted quarterly Common Equity of -$344.3 million for Q2 2026, up 15.17% year-over-year from -$298.9 million in Q2 2025, and down 2.17% quarter-over-quarter from -$337.0 million in Q1 2026.

Analysis

Phathom Pharmaceuticals (PHAT) Common Equity (2018 - 2026) Analysis & Trends

Phathom Pharmaceuticals (PHAT) has reported Common Equity for 9 consecutive years, with -$344.3 million the latest figure, recorded in Q2 2026.

  • In Q2 2026, Common Equity rose 15.17% year-over-year to -$344.3 million; the TTM figure through Jun 2026 stood at -$344.3 million (up 15.17% YoY), while the FY2025 annual figure was -$438.2 million, down 72.79% from the prior year.
  • Common Equity slipped to -$344.3 million in Q2 2026 per PHAT's latest filing, from -$337.0 million in the prior quarter.
  • Across five years, Common Equity topped out at $38.0 million in Q1 2022 and bottomed at -$438.2 million in Q4 2025.
  • Historically, Common Equity has averaged -$185.7 million across 5 years, with a median of -$167.8 million in 2024.
  • Annual changes were most pronounced in 2023 — Common Equity jumped 351.43% — and 2024, when it plunged 1428.57%.
  • Phathom Pharmaceuticals' Common Equity stood at -$74.8 million in 2022, then increased by 2.75% to -$72.8 million in 2023, then sank by 248.52% to -$253.6 million in 2024, then tumbled by 72.79% to -$438.2 million in 2025, then grew by 21.43% to -$344.3 million in 2026.
  • Business Quant data shows PHAT's Common Equity at -$344.3 million in Q2 2026, -$337.0 million in Q1 2026, and -$438.2 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Common Equity (Qtr)
1 Vertex Pharmaceuticals 138.47 Bn 130.62 Bn 2.84 Bn 20.25 Bn
2 Regeneron Pharmaceuticals 85.18 Bn 77.19 Bn 3.93 Bn 31.71 Bn
3 Argenx Se 63.38 Bn 58.19 Bn 1.37 Bn 8.42 Bn
4 Moderna 58.09 Bn 52.95 Bn 52.00 Mn 6.76 Bn
5 Revolution Medicines 44.33 Bn 44.33 Bn - 2.61 Bn
6 BeOne Medicines 40.02 Bn 34.92 Bn 1.53 Bn 5.17 Bn
7 Alnylam Pharmaceuticals 35.57 Bn 32.27 Bn 992.69 Mn 1.35 Bn
8 Royalty Pharma 28.45 Bn 27.61 Bn - 9.79 Bn
9 Insmed 27.48 Bn 26.32 Bn 358.27 Mn 757.49 Mn
10 Phathom Pharmaceuticals 796.85 Mn 611.51 Mn 59.18 Mn -344.27 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -344.27 Mn
Mar 31, 2026 -336.96 Mn
Dec 31, 2025 -438.17 Mn
Sep 30, 2025 -422.53 Mn
Jun 30, 2025 -405.83 Mn
Mar 31, 2025 -338.38 Mn
Dec 31, 2024 -253.58 Mn
Sep 30, 2024 -187.11 Mn
Jun 30, 2024 -233.83 Mn
Mar 31, 2024 -148.50 Mn
Dec 31, 2023 -72.76 Mn
Sep 30, 2023 -17.77 Mn
Jun 30, 2023 17.60 Mn
Mar 31, 2023 -90.20 Mn
Dec 31, 2022 -74.81 Mn
Sep 30, 2022 -26.42 Mn
Jun 30, 2022 -7.00 Mn
Mar 31, 2022 38.04 Mn
Dec 31, 2021 72.16 Mn
Sep 30, 2021 103.48 Mn