Phathom Pharmaceuticals (PHAT) logo

Phathom Pharmaceuticals (PHAT) stock

Gastrointestinal medicines , market cap $413M

$5.22
-0.57%

As of 9:45 AM ET, delayed 15+ min · Live for Pro members

Why is PHAT down?

Down 18% on Oct 23, and still 25% under its Oct 22 close.

“Phathom Pharmaceuticals Provides Update on Litigation Filed by BDR Pharmaceuticals against FDA.”

GlobeNewswire and 2 more outlets reported that day

Sources: Price history, Oct 23, 2026; GlobeNewswire, Oct 23, 2026

−3Long-term trend below a falling 200-day average, down over one year, down over two years

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1 more reason, free with an account →3 more reasons why PHAT fell on Oct 23, from its filings, with the other side, the timeline, and its peers, for Pro members.
Quality Score
-4
Poor
In its industry
#203of 281
Checks firing
2of 14
Trending down
From 52-week high
-71.5%
under its best in a year

PHAT's Quality Score rose 2 points on Fri, Nov 6, to -4. It closed near its high of the day (2 chart checks started).

Follow PHAT's trial news. Pro members can get an alert when Phathom Pharmaceuticals files news, and see its trials, share raises, and its CEO's filings.

Get an alert when PHAT files news on its trialsSee it live, free for 24 hours. No account. No card. Then keep going with a free account.

We do the work for you. Every stock is scored and ranked, every 15 seconds while the market is open. Here it's 15 minutes behind. Pro members see it live.

NextQ4 2026“Phathom expects to report topline results during the fourth quarter 2026 for the”Trial data · SEC filing · Oct 29
Cash$182M, about 19 quarters (5 years) at the last year's spendingOn Jun 30

Key facts on PHAT

Key facts on PHAT
Holding it backMoves 10.1% a day with no profit behind it
Latest filing8-K, Oct 29 Reported its quarterly results
1 more reason behind PHAT's -4, free with an account →3 more reasons behind PHAT's -4, for Pro members.

PHAT in the news

Thu Oct 29Phathom Pharmaceuticals Reports Third Quarter 2026 Financial Results and Provides Business Update SEC filing 7:05 AM ET · GlobeNewswire and 1 more PHAT closed −1.0% that day.

What's next

Mon Nov 9: Guggenheim 3rd Annual Global…Investor conference · date confirmed.

3 more dates ahead: conferences, for Pro members.

Tested. Our top-scored stocks returned 2.2x the average stock over the next month. Reconstructed after the fact; recorded live since Sep 9, 2026. How we tested it

Cash$182M, about 19 quarters (5 years) at the last year's spendingOn Jun 30

PHAT catalysts

Coming up

After its last 4 reports it closed -4.6% on average, higher 1 of 4 times.

What's next for PHAT, and how long its cash lasts

Next step the company has named

Q4 2026“Phathom expects to report topline results during the fourth quarter 2026 for the”Trial data · SEC filing · Oct 29

What it means: the first look at a trial’s main results, as the company reports them.

A trial underway
Efficacy and Safety of Vonoprazan 10 mg Compared to Placebo for Relief of Episodic Heartburn in Participants With Symptomatic Non-Erosive Gastroesophageal Reflux Disease Through 24 WeeksPhase 3 · Recruiting · 500 people · main data estimated Oct 20, 2027 · NCT07752407

1 more trial, 1 more milestone and 37 filings, for Pro members.

Cash runway Jun 30 balance sheet

About 19 quarters

$182M in cash and short-term investments, at its spending over the last year

What it means: how long the cash would last at the same pace, before any new money.

For Pro members: the cash used each quarter, and the math.

Dilution on the horizon

  • Shelf registration (S-3ASR, filed Jan 7, 2026)

For Pro members: 2 raises and their amounts, and the share count against a year ago.

Insiders

No open-market buys or sales by its officers or directors in their filings of the last year.

From Form 4: open-market buys and sales only.

For Pro members: every trade, and Steven Basta’s 12 filings and quotes.

See every upcoming FDA date →

FDA dates in the next 60 days

Decision dates and advisory committee meetings the companies have announced in their filings, soonest first and small companies first.

DateStockDrug

14 more FDA dates and 103 trial data dates in the next 60 days, each on the FDA calendar. Pro members see whether each company's cash lasts past its date, with an optional alert before it. See all 151 dates, ranked →

How PHAT ranks in Biotech

PHAT is #203 of 281 by Quality Score.

How PHAT ranks in Biotech
RankStockQuality Score
203Phathom Pharmaceuticals (PHAT) logoPHATPhathom Pharmaceuticals-4

More in Biotech

When does PHAT report earnings, and what happens after?

Expected to report Thu Feb 25, before the open (in 108 days).

What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.

What PHAT reported on Oct 29, 2026

The quarter

The figures are not read from the release yet.

“The increase was due to continued growth from execution of Phathom’s commercial strategy.”

The filing on EDGAR

Where the sales came from

PHAT's results filing gives no sales by line in a table we read.

The outlook

No outlook figures read from this release.

In the company's words

  • “The increase was primarily due to higher promotional and personnel-related expenses.”

From its results filing (SEC filing · Oct 29)

2 more sentences, for Pro members.

The numbers

Market value
$413M
today
Sales
$240M
up 110% on the year
Free cash flow
-$36.9M
last 12 months

Its share count grew 23% a year over 3 years.

3 more figures, for Pro members.

No analyst estimates on Breakaway: every figure here is filed.

The whole report on PHAT: every line of its sales, every outlook beside the one it replaced, and the company's words, for Pro members.

Close after the report, last 3

-4.9%-22.4%-1.0%
Apr 30Jul 30Oct 29
ReportedGapReaction5
days
Oct 29, 2026Before open+11.5%-1.0%-9.6%
Jul 30, 2026Before open-23.5%-22.4%-29.3%
Apr 30, 2026Before open-2.7%-4.9%+7.6%

PHAT closed higher after 1 of its last 4 reports.

All 4 reports, and PHAT's Quality Score going into each

PHAT sales and profit by year

Sales and profit by year

Sales grew every year from 2022 to 2025, to $175M. It lost money in each of the four years.

PHAT has 2 of 14 chart checks firing

Volume1 of 3 shown
Tight range1 of 3 shown
Buying1 of 3 shown
The other 10 checks on PHAT, and all 14 on every stock.Get in free →

PHAT RSI today: 31.8, below its 50-day and 200-day averages

Not scored

RSI 31.8, MACD below signal, below both averages. Not scored.

The deep dive on PHAT

7 more findings on PHAT, each with its source, for Pro members.

PHAT share count over time

16% more shares than a year earlier.

Weighted shares, quarter to Jun 30, 2026, both from one filing

Shares of PHAT outstanding, as filed
Shares
outstanding
As
of
80.9MJul 27, 2026
79.8MApr 27, 2026
78.8MFeb 23, 2026
71.1MOct 27, 2025
Offerings, shelves, and splits of PHAT, from its filings
From its
filings
Filed
Raised $110M in a sale of shares, about 27% of its market valueJan 8, 2026
Registered shares for a later sale (S-3ASR)Jan 7, 2026
Priced a sale of sharesAug 19, 2024
Registered shares for a later sale (S-3)Nov 9, 2023

PHAT's officers and directors

Officers and directors with a Form 4 in the last 12 months.

2 more officers and directors file at PHAT.

See insider trades by person

Which ETFs hold PHAT?

In ETFs: PHAT is under 0.1% of VTI, the most of the 24 funds Breakaway covers, by their holdings as filed for Jun 30, 2026.

About Phathom Pharmaceuticals

Phathom Pharmaceuticals Inc operates as a clinical-stage biopharmaceutical company. The firm is focused on developing and commercializing novel treatments for gastrointestinal, or GI, diseases. Its product comprises vonoprazan, an oral small-molecule potassium competitive acid blocker medicine that blocks acid secretion in the stomach. Vonoprazan shows rapid, potent, and durable anti-secretory effects and has demonstrated clinical benefits in the treatment of gastroesophageal reflux disease, and in combination with antibiotics for the treatment of Helicobacter pylori infection.

371 employeesFlorham Park, NJphathompharma.com

What Phathom Pharmaceuticals says it competes with

“The biopharmaceutical industry is characterized by rapidly advancing technologies, intense competition and strong emphasis on proprietary products.”

From its annual report, SEC filing · Feb 26, 2026

Here is what Pro members see.

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  • 14 chart checks, read for you

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  • Earnings, week by week

    Who reports each day, and how each stock took its last four reports.

  • The market map

    Every stock a box, colored by its Quality Score.

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Pro members see every line of every stock's score.

  • What would turn PHAT's score around: 9 things
  • 9 more filings explained, a plain line each
  • 3 more things pulling PHAT's score down
See PHAT's 14 chart checks

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Straight AnswersStraight Answers

As of Nov 9, 2026: PHAT's Quality Score is -4 (Poor), #203 of 281 in Biotech.

What does PHAT's Quality Score say?

PHAT scores -4 today, which Breakaway calls Poor. It is #203 of 281 in Biotech by Quality Score, with 2 of 14 chart checks firing. Down 18% on Oct 23, and still 25% under its Oct 22 close. Cash lasts about 19 quarters at its spending (to Jun 30). Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.

What is PHAT's Quality Score?

PHAT scores -4 today, which Breakaway calls Poor (below zero). That is #203 of 281 in Biotech by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind PHAT's -4.

When does PHAT report earnings?

Expected to report Thu Feb 25, before the open, a date Breakaway expects from the company's usual timing; the company has not confirmed it. PHAT closed higher after 1 of its last 4 reports. Past behavior, not a forecast.

Are the prices delayed?

Only on the public pages, which run at least 15 minutes behind. Pro members, and anyone on a guest pass, see real-time prices: the scanner refreshes every 15 seconds, and your watchlist every few seconds, pre-market and after hours included.

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What's next for Phathom Pharmaceuticals: from its SEC filings and ClinicalTrials.gov, the company's words, the registry's dates, and arithmetic, not a forecast. Companies often miss the dates they set.

The moves after past earnings reports are past behavior, not a forecast.

The price, the score, the chart checks and readings, and the industry rank on this page are delayed at least 15 minutes.

Our top-scored stocks' record: Oct 2021 to Sep 2026, before costs. Recorded live since Sep 9, 2026.

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