Phathom Pharmaceuticals Inc
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 6, 2025
PHAT$5.25+3.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets
(in thousands, except share and par value amounts)
| December 31,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $297,263 | $381,393 |
| Prepaid expenses and other current assets | 20,866 | 13,194 |
| Accounts receivable, net | 38,797 | 1,637 |
| Inventory | 3,208 | 1,208 |
| Total current assets | 360,134 | 397,432 |
| Property and equipment, net | 1,476 | 2,146 |
| Operating lease right-of-use assets | 613 | 1,475 |
| Restricted cash | 2,862 | 2,863 |
| Inventory, non-current | 11,540 | 8,234 |
| Other long-term assets | 1,693 | 1,692 |
| Total assets | $378,318 | $413,842 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable | $10,507 | $12,601 |
| Accrued expenses | 53,232 | 17,197 |
| Accrued interest | 1,711 | 1,146 |
| Operating lease liabilities, current | 501 | 726 |
| Current portion of revenue interest financing liability | 19,777 | 7,111 |
| Total current liabilities | 85,728 | 38,781 |
| Long-term debt, net of discount | 201,409 | 137,842 |
| Revenue interest financing liability | 333,261 | 299,816 |
| Operating lease liabilities | — | 462 |
| Other long-term liabilities | 11,500 | 9,700 |
| Total liabilities | 631,898 | 486,601 |
| Commitments and contingencies (Note 3) | ||
| Stockholders’ deficit: | ||
| Preferred stock, $0.0001 par value; authorized shares — 40,000,000 at December 31, 2024 and December 31, 2023; no shares issued and outstanding at December 31, 2024 and December 31, 2023 | — | — |
| Common stock, $0.0001 par value; authorized shares — 400,000,000 at December 31, 2024 and December 31, 2023; issued and outstanding shares — 68,518,238 and 57,970,044 at December 31, 2024 and December 31, 2023, respectively | 6 | 5 |
| Treasury stock — 19 shares at December 31, 2024 and December 31, 2023 | — | — |
| Additional paid-in capital | 1,009,425 | 855,921 |
| Accumulated deficit | (1,263,011) | (928,685) |
| Total stockholders’ deficit | (253,580) | (72,759) |
| Total liabilities and stockholders’ deficit | $378,318 | $413,842 |
See accompanying notes.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.