Phathom Pharmaceuticals Inc (NAS:PHAT)

Q3 2025 Phathom Pharmaceuticals Inc Earnings Call Transcript

Oct 30, 2025 / 12:00 PM GMT

Release Date Price: $13.31 (-1.63%)

Transcript 10-Q8-K

Key Points

Positve

Phathom Pharmaceuticals Inc (PHAT) reported a 25% growth in net revenue for Q3 2025, exceeding expectations.
The company successfully reduced operating expenses by 43% compared to the previous quarter.
Phathom Pharmaceuticals Inc (PHAT) achieved a significant reduction in cash usage, down 77% from Q2.
The company has narrowed its full-year revenue guidance to the top half of the previously communicated range.
Phathom Pharmaceuticals Inc (PHAT) has initiated a Phase 2 clinical trial in eosinophilic esophagitis, with patient screening underway.

Negative

The realignment of sales territories may cause temporary disruption and impact Q4 revenue.
Operating expenses for Q4 are expected to be higher due to the start of the EOE Phase 2 trial.
There is still some uncertainty regarding the availability of the clarithromycin component in the Vuesna triple pack.
The shift in sales strategy to focus on gastroenterology may take time to show full impact.
The company is not actively managing the mix of cash pay versus covered prescriptions, which could affect revenue predictability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PHAT.OQ - Phathom Pharmaceuticals Inc
Q3 2025 Phathom Pharmaceuticals Inc Earnings Call
Oct 30, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to the Fathom Pharmaceuticals. Third quarter 2025 earnings results call.

At this time, all participants are in a listen-only mode.

After the presentation, there will be a question-and-answer session. To raise your hand to ask a question, press 11. To lower your hand, you may press 11 again.

Please be advised that today's call is being recorded.

With that, I would like to turn the call over to Eric Shirelli, Fatham's head of investor relations. Please go ahead.

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Unidentified_2 [2]
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