Phathom Pharmaceuticals, Inc. (PHAT)

Phathom Pharmaceuticals Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-274.55	-334.33	-201.59	-197.72	-143.88	-129.07
Depreciation & Amortization	0.7	0.8	0.58	0.62	0.52	0.32
Other Amortization	2.83	2.19	1.88	2.11	3.6	1.27
Stock-Based Compensation	29.8	24.05	45.03	24.13	16.81	5.84
Other Operating Activities	41.45	55.82	30.18	18.89	1.81	0.23
Change in Accounts Receivable	-34.74	-37.16	-1.64	-	-	-
Change in Inventory	-19.36	-6.14	-9.44	-	-	-
Change in Accounts Payable	26.47	34.94	6.41	8.68	-9.79	24.01
Change in Other Net Operating Assets	2.17	-6.93	-8.98	-3.24	-17.52	27.71
Operating Cash Flow	-225.23	-266.77	-137.58	-146.53	-148.46	-69.69
Capital Expenditures	-0.15	-0.14	-1.63	-1.04	-0.33	-1.04
Investing Cash Flow	-0.15	-0.14	-1.63	-1.04	-0.33	-1.04
Long-Term Debt Issued	-	59.4	211.99	95.45	96.89	25
Total Debt Issued	24.75	59.4	211.99	95.45	96.89	25
Long-Term Debt Repaid	-	-	-	-	-54.13	-
Net Debt Issued (Repaid)	24.75	59.4	211.99	95.45	42.76	25
Issuance of Common Stock	1.67	123.37	155.59	24.6	1.94	89.46
Financing Cash Flow	25.86	182.77	367.58	120.04	44.71	114.46
Net Cash Flow	-199.52	-84.13	228.37	-27.53	-104.08	43.73
Free Cash Flow	-225.38	-266.91	-139.21	-147.57	-148.79	-70.73
Free Cash Flow Margin	-153.12%	-483.07%	-20412.61%	-	-	-
Free Cash Flow Per Share	-3.12	-4.22	-2.71	-3.77	-4.02	-2.13
Cash Interest Paid	20.75	17.29	11.13	7.03	4.07	3.46
Levered Free Cash Flow	-153.88	-203.85	-90.45	-93.78	-96.73	-22.93
Unlevered Free Cash Flow	-112.78	-161.04	-66.1	-78.83	-96.08	-21.34
Change in Working Capital	-25.46	-15.3	-13.64	5.44	-27.32	51.72

Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q