Phathom Pharmaceuticals (PHAT) Debt Ratio (2019 - 2026)

Phathom Pharmaceuticals' (PHAT) quarterly Debt Ratio came in at 0.54 in Q1 2026, down 22.35% year-on-year from 0.69 in Q1 2025, and down 33.51% on a QoQ basis from 0.81 in Q4 2025.

Phathom Pharmaceuticals (PHAT) Debt Ratio (2019 - 2026) Analysis & Trends

Phathom Pharmaceuticals (PHAT) has 8 years of Debt Ratio data on file, last reported at 0.54 in Q1 2026.

  • On a quarterly basis, Debt Ratio fell 22.35% year-over-year to 0.54 in Q1 2026; TTM through Mar 2026 was 0.54, a 22.35% decrease from a year earlier, with the FY2025 full-year figure at 0.81, up 51.55% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.54, down from 0.81 in the prior quarter.
  • Over the last five years, Debt Ratio for PHAT reached as high as 0.86 in Q3 2025 and fell as low as 0.33 in Q4 2023.
  • Historically, Debt Ratio has averaged 0.56 across 5 years, with a median of 0.54 in 2026.
  • Across the five-year window, Debt Ratio jumped 217.78% in 2022 and slumped 42.38% in 2023, its largest moves.
  • Year by year, Debt Ratio stood at 0.58 in 2022, then slumped by 42.38% to 0.33 in 2023, then soared by 59.84% to 0.53 in 2024, then soared by 51.55% to 0.81 in 2025, then sank by 33.51% to 0.54 in 2026.
  • Per Business Quant data, the three most recent Debt Ratio figures were 0.54 in Q1 2026, 0.81 in Q4 2025, and 0.86 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - 1.41
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - -
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 0.11
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn -
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 0.05
7 Belite Bio 61.40 Bn 61.40 Bn - -
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -
9 Revolution Medicines 37.37 Bn 37.37 Bn - -
10 Phathom Pharmaceuticals 945.22 Mn 761.46 Mn 46.31 Mn 0.54

Historic Data

Download Data
DateValue
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
Jun 30, 2021 0.22