Phathom Pharmaceuticals (PHAT) Cost of Revenue (2023 - 2026)
Phathom Pharmaceuticals' (PHAT) quarterly Cost of Revenue came in at $12.0 million in Q1 2026, up 222.13% year-on-year from $3.7 million in Q1 2025, and up 56.85% on a QoQ basis 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.
- On a quarterly basis, Cost of Revenue rose 222.13% year-over-year to $12.0 million in Q1 2026; TTM through Mar 2026 was $30.9 million, a 173.91% increase from a year earlier, with the FY2025 full-year figure at $22.6 million, up 183.44% from the prior year.
- Cost of Revenue for Q1 2026 stood at $12.0 million, up from $7.6 million in the prior quarter.
- Over the last five years, Cost of Revenue for PHAT reached as high as $12.0 million in Q1 2026 and fell as low as $167000.0 in Q4 2023.
- Historically, Cost of Revenue has averaged $4.3 million across 4 years, with a median of $3.8 million in 2024.
- Across the five-year window, Cost of Revenue surged 2184.43% in 2024 and surged 100.47% in 2025, its largest moves.
- Year by year, Cost of Revenue 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.
- Per Business Quant data, the three most recent Cost of Revenue figures were $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 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | - |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | - |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 167.22 Mn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 392.80 Mn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 296.00 Mn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | - |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | 121.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | - |
| 10 | Phathom Pharmaceuticals | 945.22 Mn | 761.46 Mn | 46.31 Mn | 12.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |