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

Phathom Pharmaceuticals (PHAT) Debt Ratio (2018 - 2026)

Phathom Pharmaceuticals (PHAT) posted quarterly Debt Ratio of 0.5 for Q2 2026, down 38.62% year-over-year from 0.82 in Q2 2025, and down 6.19% quarter-over-quarter from 0.54 in Q1 2026.

Analysis

Phathom Pharmaceuticals (PHAT) Debt Ratio (2018 - 2026) Analysis & Trends

Phathom Pharmaceuticals (PHAT) has reported Debt Ratio for 8 consecutive years, with 0.5 the latest figure, recorded in Q2 2026.

  • In Q2 2026, Debt Ratio fell 38.62% year-over-year to 0.5; the TTM figure through Jun 2026 stood at 0.5 (down 38.62% YoY), while the FY2025 annual figure was 0.81, up 51.55% from the prior year.
  • Debt Ratio fell to 0.5 in Q2 2026 per PHAT's latest filing, from 0.54 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.86 in Q3 2025 and bottomed at 0.33 in Q4 2023.
  • Historically, Debt Ratio has averaged 0.56 across 5 years, with a median of 0.53 in 2024.
  • Annual changes were most pronounced in 2022 — Debt Ratio soared 217.78% — and 2023, when it plunged 42.38%.
  • Phathom Pharmaceuticals' Debt Ratio stood at 0.58 in 2022, then slumped by 42.38% to 0.33 in 2023, then jumped by 59.84% to 0.53 in 2024, then jumped by 51.55% to 0.81 in 2025, then plunged by 37.63% to 0.5 in 2026.
  • Business Quant data shows PHAT's Debt Ratio at 0.5 in Q2 2026, 0.54 in Q1 2026, and 0.81 in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Vertex Pharmaceuticals 138.47 Bn 130.62 Bn 2.84 Bn -
2 Regeneron Pharmaceuticals 85.18 Bn 77.19 Bn 3.93 Bn 0.05
3 Argenx Se 63.38 Bn 58.19 Bn 1.37 Bn -
4 Moderna 58.09 Bn 52.95 Bn 52.00 Mn 0.05
5 Revolution Medicines 44.33 Bn 44.33 Bn - -
6 BeOne Medicines 40.02 Bn 34.92 Bn 1.53 Bn 0.12
7 Alnylam Pharmaceuticals 35.57 Bn 32.27 Bn 992.69 Mn -
8 Royalty Pharma 28.45 Bn 27.61 Bn - 0.47
9 Insmed 27.48 Bn 26.32 Bn 358.27 Mn 0.26
10 Phathom Pharmaceuticals 796.85 Mn 611.51 Mn 59.18 Mn 0.50
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 0.50
Mar 31, 2026 0.54
Dec 31, 2025 0.81
Sep 30, 2025 0.86
Jun 30, 2025 0.82
Mar 31, 2025 0.69
Dec 31, 2024 0.53
Sep 30, 2024 0.45
Jun 30, 2024 0.55
Mar 31, 2024 0.42
Dec 31, 2023 0.33
Sep 30, 2023 0.42
Jun 30, 2023 0.37
Mar 31, 2023 0.67
Dec 31, 2022 0.58
Sep 30, 2022 0.46
Jun 30, 2022 0.43
Mar 31, 2022 0.61
Dec 31, 2021 0.47
Sep 30, 2021 0.39