Phathom Pharmaceuticals (PHAT) Enterprise Value (2018 - 2026)

Phathom Pharmaceuticals' (PHAT) quarterly Enterprise Value came in at -$183.8 million in Q1 2026, up 14.6% year-on-year from -$160.4 million in Q1 2025, and down 38.34% on a QoQ basis from -$132.8 million in Q4 2025.

Phathom Pharmaceuticals (PHAT) Enterprise Value (2018 - 2026) Analysis & Trends

Phathom Pharmaceuticals (PHAT) has 9 years of Enterprise Value data on file, last reported at -$183.8 million in Q1 2026.

  • On a quarterly basis, Enterprise Value rose 14.6% year-over-year to -$183.8 million in Q1 2026; TTM through Mar 2026 was -$183.8 million, a 14.6% increase from a year earlier, with the FY2025 full-year figure at -$132.8 million, up 55.74% from the prior year.
  • Enterprise Value for Q1 2026 stood at -$183.8 million, down from -$132.8 million in the prior quarter.
  • Over the last five years, Enterprise Value for PHAT reached as high as -$130.1 million in Q1 2023 and fell as low as -$384.3 million in Q4 2023.
  • Historically, Enterprise Value has averaged -$220.1 million across 5 years, with a median of -$207.9 million in 2022.
  • Across the five-year window, Enterprise Value plunged 149.92% in 2024 and jumped 59.11% in 2025, its largest moves.
  • Year by year, Enterprise Value stood at -$155.9 million in 2022, then slumped by 146.49% to -$384.3 million in 2023, then rose by 21.89% to -$300.1 million in 2024, then surged by 55.74% to -$132.8 million in 2025, then slumped by 38.34% to -$183.8 million in 2026.
  • Per Business Quant data, the three most recent Enterprise Value figures were -$183.8 million in Q1 2026, -$132.8 million in Q4 2025, and -$138.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -283.54 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -61.40 Mn
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - -2.83 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn -4.79 Bn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn -7.25 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn -8.75 Bn
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 - -1.91 Bn
10 Phathom Pharmaceuticals 945.22 Mn 761.46 Mn 46.31 Mn -183.77 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -183.77 Mn
Dec 31, 2025 -132.83 Mn
Sep 30, 2025 -138.02 Mn
Jun 30, 2025 -149.57 Mn
Mar 31, 2025 -215.18 Mn
Dec 31, 2024 -300.13 Mn
Sep 30, 2024 -337.54 Mn
Jun 30, 2024 -279.10 Mn
Mar 31, 2024 -325.10 Mn
Dec 31, 2023 -384.26 Mn
Sep 30, 2023 -216.54 Mn
Jun 30, 2023 -249.38 Mn
Mar 31, 2023 -130.08 Mn
Dec 31, 2022 -155.89 Mn
Sep 30, 2022 -197.34 Mn
Jun 30, 2022 -207.90 Mn
Mar 31, 2022 -138.60 Mn
Dec 31, 2021 -183.42 Mn
Sep 30, 2021 -224.62 Mn
Jun 30, 2021 -209.67 Mn