Phathom Pharmaceuticals (PHAT) Cost of Revenue (2023 - 2026)

Phathom Pharmaceuticals (PHAT) reported Cost of Revenue of $12.0 million for Q1 2026, up 222.13% year-over-year from $3.7 million in Q1 2025, and up 56.85% quarter-over-quarter from $7.6 million in Q4 2025.

Phathom Pharmaceuticals (PHAT) Cost of Revenue (2023 - 2026) Analysis & Trends

Phathom Pharmaceuticals (PHAT) has 4 years of Cost of Revenue data on file, last reported at $12.0 million in Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $12.0 million, up 222.13% year-over-year; the trailing twelve-month figure through Mar 2026 was $30.9 million (up 173.91% YoY), and the FY2025 annual result was $22.6 million, up 183.44% from the prior year.
  • Cost of Revenue advanced to $12.0 million in Q1 2026 per PHAT's latest filing, from $7.6 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $12.0 million in Q1 2026 and troughed at $167000.0 in Q4 2023.
  • A 4-year average of $4.3 million and a median of $3.8 million in 2024 frame the typical range for Cost of Revenue.
  • The sharpest annual moves came in 2024 and 2025: Cost of Revenue jumped 2184.43% in 2024, then jumped 100.47% in 2025.
  • A 4-year view of Cost of Revenue shows it stood at $167000.0 in 2023, then jumped by 2184.43% to $3.8 million in 2024, then soared by 100.47% to $7.6 million in 2025, then soared by 56.85% to $12.0 million in 2026.
  • Business Quant data shows PHAT's Cost of Revenue at $12.0 million in Q1 2026, $7.6 million in Q4 2025, and $6.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn 64.20 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 48,670.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 392.80 Mn
9 Abivax 91.96 Bn 91.96 Bn - 2.05 Mn
10 Phathom Pharmaceuticals 895.99 Mn 712.23 Mn 46.31 Mn 12.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 12.00 Mn
Mar 31, 2026 12.00 Mn
Dec 31, 2025 7.65 Mn
Dec 31, 2025 7.65 Mn
Sep 30, 2025 6.19 Mn
Sep 30, 2025 6.19 Mn
Jun 30, 2025 5.04 Mn
Jun 30, 2025 5.04 Mn
Mar 31, 2025 3.72 Mn
Mar 31, 2025 3.72 Mn
Dec 31, 2024 3.82 Mn
Dec 31, 2024 3.82 Mn
Sep 30, 2024 2.36 Mn
Sep 30, 2024 2.36 Mn
Jun 30, 2024 1.38 Mn
Jun 30, 2024 1.38 Mn
Mar 31, 2024 426,000.00
Mar 31, 2024 426,000.00
Dec 31, 2023 167,000.00
Dec 31, 2023 167,000.00