$PHAT

Phathom Pharmaceuticals, Inc.

No enriched coverage for $PHAT in the last 7 days.

No SEC Form 4 filings for $PHAT in the last 30 days.

Med

Phathom Pharmaceuticals (PHAT) Loss Compression Challenges Bearish Narratives After Q1 2026 Results

Phathom Pharmaceuticals (PHAT) released its Q1 2026 results, reporting $57.6 million in revenue and a significant reduction in EPS loss to $0.29. The company's net losses have shrunk from $94.3 million to $21.1 million over six quarters, supporting a bullish outlook on its path to profitability within three years. Despite ongoing trailing losses and negative shareholders' equity, analysts maintain a high fair value and price target, fueled by strong revenue growth forecasts and expected margin improvements.

Phathom Pharmaceuticals (PHAT) Losses Narrow To US$0.29 EPS And Test Bullish Profitability Narrative

Phathom Pharmaceuticals (PHAT) reported Q4 2025 revenue of US$57.6 million and a narrowed basic EPS loss of US$0.29, with a net loss of US$21.1 million. While revenue growth is strong, trailing 12-month net losses remain substantial at US$221.25 million, raising questions about the company's path to profitability and challenging the bullish narrative that anticipates 25.4% margins within three years. Despite the narrowing quarterly losses, the overall financial health, including negative shareholders' equity, indicates that profitability is still a significant work in progress.

Raymond James Sees an Attractive Setup in These 2 ‘Strong Buy’ Stocks

Raymond James analysts are highlighting two "Strong Buy" stocks, Lexeo Therapeutics (LXEO) and Phathom Pharmaceuticals (PHAT), for 2026, anticipating strong performance in the coming year. Lexeo, developing gene therapies for inherited cardiovascular diseases and Alzheimer's, is backed by advancing clinical data and regulatory momentum, with significant revenue projections for its lead asset. Phathom Pharmaceuticals, which focuses on acid-related GI issues, shows promising revenue growth for its approved drug Voquezna, combined with improving cost discipline and new leadership, signaling an attractive long-term risk/reward scenario.