Phathom Pharmaceuticals Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
PHAT$5.25+3.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
(in thousands, except share and par value amounts)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $322,229 | $381,393 |
| Prepaid expenses and other current assets | 12,748 | 13,194 |
| Accounts receivable, net | 3,879 | 1,637 |
| Inventory | 1,458 | 1,208 |
| Total current assets | 340,314 | 397,432 |
| Property, plant and equipment, net | 1,962 | 2,146 |
| Operating lease right-of-use assets | 1,264 | 1,475 |
| Restricted cash | 2,867 | 2,863 |
| Inventory, noncurrent | 8,400 | 8,234 |
| Other long-term assets | 1,692 | 1,692 |
| Total assets | $356,499 | $413,842 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable (including related party amounts of $33 and $25, respectively) | $8,403 | $12,601 |
| Accrued expenses (including related party amounts of $3,169 and $2,694, respectively) | 16,541 | 17,197 |
| Accrued interest | 1,307 | 1,146 |
| Operating lease liabilities, current | 730 | 726 |
| Current portion of revenue interest financing liability | 16,478 | 7,111 |
| Total current liabilities | 43,459 | 38,781 |
| Long-term debt, net of discount | 149,023 | 137,842 |
| Revenue interest financing liability | 302,528 | 299,816 |
| Operating lease liabilities | 292 | 462 |
| Other long-term liabilities | 9,700 | 9,700 |
| Total liabilities | 505,002 | 486,601 |
| Commitments and contingencies (Note 4) | ||
| Stockholders’ deficit: | ||
| Preferred stock, $0.0001 par value; authorized shares — 40,000,000 at March 31, 2024 and December 31, 2023; no shares issued and outstanding at March 31, 2024 and December 31, 2023 | — | — |
| Common stock, $0.0001 par value; authorized shares — 400,000,000 at March 31, 2024 and December 31, 2023; issued and outstanding shares — 58,524,101 and 57,970,044 at March 31, 2024 and December 31, 2023, respectively | 5 | 5 |
| Treasury stock — 19 shares at March 31, 2024 and December 31, 2023 | — | — |
| Additional paid-in capital | 863,029 | 855,921 |
| Accumulated deficit | (1,011,537) | (928,685) |
| Total stockholders’ deficit | (148,503) | (72,759) |
| Total liabilities and stockholders’ deficit | $356,499 | $413,842 |
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