Phathom Pharmaceuticals (PHAT) reported third-quarter 2026 net revenue of $84.7 million, up 71% from $49.5 million a year earlier and 14% from the second quarter. The company reported a GAAP net loss of $13.9 million, compared with a $30.0 million loss in the prior-year quarter.
VOQUEZNA prescriptions filled exceeded 2 million through October 16, 2026. Phathom reaffirmed its full-year 2026 guidance for net revenue of $310 million to $325 million.
- Third-quarter product revenue, net: $84.722 million.
- GAAP net loss per basic and diluted share: $0.16.
- Approximately 380,000 VOQUEZNA prescriptions were filled during the quarter, including about 248,000 covered prescriptions.
- Cash and cash equivalents were $184.6 million as of September 30, 2026.
- Operating cash flow was positive for the second consecutive quarter.
$PHAT Hedge Fund Activity
We have seen 82 institutional investors add shares of $PHAT stock to their portfolio, and 74 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WASATCH ADVISORS LP added 1,635,185 shares (+125.1%) to their portfolio in Q3 2026, for an estimated $11,936,850
- GOLDMAN SACHS GROUP INC added 1,151,836 shares (+183.9%) to their portfolio in Q2 2026, for an estimated $12,497,420
- POINT72 ASSET MANAGEMENT, L.P. added 1,022,193 shares (+inf%) to their portfolio in Q2 2026, for an estimated $11,090,794
- FRANKLIN RESOURCES INC added 976,324 shares (+98.2%) to their portfolio in Q2 2026, for an estimated $10,593,115
- GW&K INVESTMENT MANAGEMENT, LLC added 745,729 shares (+52.5%) to their portfolio in Q2 2026, for an estimated $8,091,159
- HSBC HOLDINGS PLC added 709,695 shares (+inf%) to their portfolio in Q2 2026, for an estimated $7,700,190
- MILLENNIUM MANAGEMENT LLC removed 647,075 shares (-16.1%) from their portfolio in Q2 2026, for an estimated $7,020,763
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
