Phathom Pharmaceuticals (PHAT) EBITDA (2018 - 2026)

Phathom Pharmaceuticals' (PHAT) quarterly EBITDA came in at -$15.5 million in Q1 2026, up 80.37% year-on-year from -$8.6 million in Q1 2025, and down 161.08% on a QoQ basis from -$5.9 million in Q4 2025.

Phathom Pharmaceuticals (PHAT) EBITDA (2018 - 2026) Analysis & Trends

Phathom Pharmaceuticals (PHAT) has 9 years of EBITDA data on file, last reported at -$15.5 million in Q1 2026.

  • On a quarterly basis, EBITDA rose 80.37% year-over-year to -$15.5 million in Q1 2026; TTM through Mar 2026 was -$96.6 million, a 66.27% increase from a year earlier, with the FY2025 full-year figure at -$160.0 million, up 42.34% from the prior year.
  • EBITDA for Q1 2026 stood at -$15.5 million, down from -$5.9 million in the prior quarter.
  • Over the last five years, EBITDA for PHAT reached as high as -$5.9 million in Q4 2025 and fell as low as -$78.9 million in Q1 2025.
  • Historically, EBITDA has averaged -$46.6 million across 5 years, with a median of -$45.4 million in 2022.
  • Across the five-year window, EBITDA tumbled 143.84% in 2024 and soared 90.02% in 2025, its largest moves.
  • Year by year, EBITDA stood at -$46.6 million in 2022, then sank by 49.81% to -$69.9 million in 2023, then advanced by 14.97% to -$59.4 million in 2024, then surged by 90.02% to -$5.9 million in 2025, then tumbled by 161.08% to -$15.5 million in 2026.
  • Per Business Quant data, the three most recent EBITDA figures were -$15.5 million in Q1 2026, -$5.9 million in Q4 2025, and -$15.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -27.75 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - -15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 249.90 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.14 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 642.90 Mn
7 Belite Bio 61.40 Bn 61.40 Bn - -32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn 394.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - -445.22 Mn
10 Phathom Pharmaceuticals 945.22 Mn 761.46 Mn 46.31 Mn -15.48 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -15.48 Mn
Dec 31, 2025 -5.93 Mn
Sep 30, 2025 -15.27 Mn
Jun 30, 2025 -59.92 Mn
Mar 31, 2025 -78.86 Mn
Dec 31, 2024 -59.42 Mn
Sep 30, 2024 -70.80 Mn
Jun 30, 2024 -77.30 Mn
Mar 31, 2024 -69.95 Mn
Dec 31, 2023 -69.88 Mn
Sep 30, 2023 -35.66 Mn
Jun 30, 2023 -31.70 Mn
Mar 31, 2023 -30.08 Mn
Dec 31, 2022 -46.64 Mn
Sep 30, 2022 -42.53 Mn
Jun 30, 2022 -45.36 Mn
Mar 31, 2022 -37.91 Mn
Dec 31, 2021 -33.04 Mn
Sep 30, 2021 -33.14 Mn
Jun 30, 2021 -35.32 Mn