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PHAT

BULLISH
$12.61 Live
Phathom Pharmaceuticals, Inc. · NASDAQ
Target $23.7 (+87.9%)
$2.21 52W Range $18.31

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 17, 2026
Market cap
$1.0B
P/E
N/A
ROE
N/A
Profit margin
-126.3%
Debt/Equity
N/A
Dividend yield
N/A

AI Analysis

AI-powered fundamental assessment

Confidence
75%
PHAT presents a classic high-growth biotechnology profile, anchored by a stable Piotroski F-Score of 4/9 and an impressive 94.10% YoY revenue growth. While the company currently operates with deeply negative profit margins (-126.35%) and negative book value, the Forward P/E of 8.17 is exceptionally attractive compared to the healthcare sector average of 88.62. Strong analyst conviction with a target price of $23.70 and a consistent track record of earnings beats suggest a rapid transition toward profitability. The primary headwinds are technical bearishness and negative insider sentiment, which contrast with the strong fundamental growth trajectory.

Key Strengths

Hyper-growth revenue expansion (94.10% YoY)
Strong gross margins (87.09%) indicating high product value
Significant analyst upside with a target price of $23.70 (Strong Buy)
Consistent earnings surprise trend (3/4 recent quarters beat estimates)
Healthy short-term liquidity with a current ratio of 1.73

Key Risks

Severe current net losses (Profit Margin -126.35%)
Negative shareholder equity (Price/Book -2.06)
Bearish insider trading activity
Technical trend is currently bearish (0/100)
High volatility inherent to the biotechnology sector
AI Fair Value Estimate
Based on comprehensive analysis
$23.7
+87.9% above current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall
50
Moderate
Value
60
Future
90
Past
55
Health
45
Dividend
0
AI Verdict
High-Growth Speculative
Key drivers: Revenue Growth, Forward P/E Compression, Analyst Price Targets
Confidence
80%
Value
60/100

Trades at a premium to book value but a deep discount to forward earnings relative to peers.

Positives
  • Forward P/E (8.17) is very low for the sector
Watchpoints
  • Negative Price/Book ratio
  • No Graham Number available due to lack of earnings
Future
90/100

Growth rates are significantly higher than the average for the market cap peer group.

Positives
  • 94% YoY Revenue growth
  • Strong analyst target price
Watchpoints
  • Dependence on commercialization success
Past
55/100

Recent momentum is strong, but long-term recovery is still in progress.

Positives
  • 1-year return of +198.5%
Watchpoints
  • 5-year return of -65.2%
Health
45/100

Stable by Piotroski standards, but fundamentally fragile due to negative equity.

Positives
  • Current Ratio 1.73
  • Piotroski F-Score 4/9 (Stable)
Watchpoints
  • Negative ROA (-31.37%)
  • Negative equity
Dividend
0/100

Typical for growth-stage biotech companies.

Positives
No standout positives identified.
Watchpoints
  • No dividend paid

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price
$12.61
Analyst Target
$23.7
Upside/Downside
+87.9%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for PHAT and closest competitors.

Updated 2026-04-16
PHA
Phathom Pharmaceuticals, Inc.
Primary
5Y
-65.2%
3Y
+21.0%
1Y
+198.5%
6M
-5.3%
1M
+16.2%
1W
-0.2%
CLO
Clover Health Investments, Corp.
Peer
5Y
-78.5%
3Y
+126.7%
1Y
-40.8%
6M
-29.6%
1M
-5.0%
1W
+8.0%
AST
Astrana Health, Inc.
Peer
5Y
-19.7%
3Y
-41.8%
1Y
-41.4%
6M
-36.4%
1M
-7.6%
1W
+2.4%
PCR
Pacira BioSciences, Inc.
Peer
5Y
-62.4%
3Y
-44.9%
1Y
-2.5%
6M
+4.8%
1M
+8.8%
1W
+0.2%
EVO
Evotec SE
Peer
5Y
-85.8%
3Y
-75.5%
1Y
-11.5%
6M
-32.4%
1M
-11.2%
1W
+5.9%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

P/E Ratio
N/A
Forward P/E
8.17
PEG Ratio
N/A
P/B Ratio
-2.06
P/S Ratio
5.72
EV/Revenue
8.3
EV/EBITDA
-9.12
Market Cap
$1.0B

Profitability

Profit margins and return metrics

Profit Margin -126.35%
Operating Margin -10.29%
Gross Margin 87.09%
ROE N/A
ROA -31.37%

Growth

Revenue and earnings growth rates

Revenue Growth +94.1%
Earnings Growth N/A
Q/Q Revenue Growth +94.12%
Q/Q Earnings Growth N/A

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity
N/A
Current Ratio
1.73
Good
Quick Ratio
1.58
Excellent
Cash/Share
$1.65

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Revenue
$0.1B
Gross Margin
86.7%
Op. Margin
-10.3%
Net Margin
-36.7%
Total Assets
$0.3B
Liabilities
$0.7B
Equity
$-0.4B
Debt/Equity
-1.59x
Operating CF
$-0.0B
CapEx
$-0.0B
Free Cash Flow
$-0.0B
FCF Yield
102%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-04-30
$N/A
2026-02-26
$-0.29
+24.0% surprise
2025-10-30
$-0.15
+63.9% surprise
2025-08-07
$-0.79
+14.4% surprise

Healthcare Sector Comparison

Comparing PHAT against 393 companies in the Healthcare sector (24 bullish, 129 neutral, 240 bearish)
Profit Margin
-126.35%
This Stock
vs
-12.47%
Sector Avg
+913.3% (Superior)
Revenue Growth
94.1%
This Stock
vs
124.21%
Sector Avg
-24.2% (Slower)
Current Ratio
1.73
This Stock
vs
4.56
Sector Avg
-62.0% (Weaker)

Similar Companies

Peer comparison within the same industry

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

PARIKH ASIT
Director
Gift
2026-03-10
40,000 shares
BREEDLOVE ROBERT CHARLES
Officer
Stock Award
2026-02-27
15,790 shares
BASTA STEVEN L
Chief Executive Officer
Stock Award
2026-02-10
12,362 shares
COOK ANNE MARIE
Officer
Stock Award
2026-02-10
3,461 shares
PARIKH ASIT
Director
Gift
2026-01-23
80,500 shares
PARIKH ASIT
Director
Option Exercise
2026-01-13
8,750 shares · $90,125
BASTA STEVEN L
Officer and Director
Stock Award
2026-01-02
251,034 shares
COOK ANNE MARIE
Officer
Stock Award
2026-01-02
75,345 shares
NARULA SANJEEV
Chief Financial Officer
Stock Award
2026-01-02
82,715 shares
PARIKH ASIT
Director
Option Exercise
2025-12-19
8,750 shares · $90,125
BASTA STEVEN L
Chief Executive Officer
Stock Award
2025-12-17
62,038 shares
COOK ANNE MARIE
Officer
Stock Award
2025-12-17
17,370 shares
BASTA STEVEN L
Chief Executive Officer
Stock Award
2025-11-28
90,000 shares
BREEDLOVE ROBERT CHARLES
Officer
Sell
2025-11-03
524 shares · $7,079
Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

DEF 14A
DEF 14A
2026-04-07

PHAT filed a Definitive Proxy Statement on April 7, 2026, providing shareholders with necessary information and voting materials for an upcoming meeting.

10-K
10-K
2026-02-26

PHAT filed its annual 10-K report on February 26, 2026. The provided excerpts do not contain specific financial metrics or detailed risk disclosures.

8-K
8-K
2026-02-26

PHAT filed an 8-K on February 26, 2026, likely to announce its annual financial results.

8-K
8-K
2026-01-08
8-K
8-K
2026-01-07
8-K
8-K
2025-11-04

PHAT filed an 8-K on November 4, 2025, likely to announce its third-quarter financial results.

10-Q
10-Q
2025-10-30

PHAT's 10-Q filing dated October 30, 2025, indicates significant financial risks, specifically noting defaults upon senior securities. The company also reports the unregistered sale of equity securities, suggesting a reliance on equity financing to manage its capital structure and obligations.

8-K
8-K
2025-10-30

PHAT filed an 8-K on October 30, 2025, likely to report its third-quarter financial results.

8-K
8-K
2025-10-27

PHAT filed an 8-K on October 27, 2025, likely to announce its third-quarter financial results.

8-K
8-K
2025-10-06
8-K
8-K
2025-08-07
10-Q
10-Q
2025-08-07
8-K
8-K
2025-06-16
8-K
8-K
2025-06-09
8-K
8-K
2025-06-06
Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus
STRONG_BUY
10 analysts
Barclays
2026-03-27
up
Equal-Weight Overweight
Guggenheim
2026-02-27
Maintains
Buy Buy
Barclays
2025-12-09
init
Equal-Weight
HC Wainwright & Co.
2025-10-31
Maintains
Buy Buy

Past News Coverage

Recent headlines mentioning PHAT from our newsroom.

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