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Side-by-side financial comparison of AMBARELLA INC (AMBA) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.
AMBARELLA INC is the larger business by last-quarter revenue ($108.5M vs $57.6M, roughly 1.9× Phathom Pharmaceuticals, Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 31.2%). AMBARELLA INC produced more free cash flow last quarter ($31.4M vs $-167.0M).
Ambarella, Inc. is an American fabless semiconductor design company, focusing on low-power, high-definition (HD) and Ultra HD video compression, image processing, and computer vision processors. Ambarella's products are used in a wide variety of human and computer vision applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver and in-cabin monitoring, autonomous driving, and robotics applications. Ambarella's system on chips ...
Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.
AMBA vs PHAT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $108.5M | $57.6M |
| Net Profit | $-15.1M | — |
| Gross Margin | 59.6% | 86.7% |
| Operating Margin | -15.0% | — |
| Net Margin | -13.9% | — |
| Revenue YoY | 31.2% | 94.1% |
| Net Profit YoY | 37.2% | 71.6% |
| EPS (diluted) | $-0.35 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $108.5M | $57.6M | ||
| Q3 25 | $95.5M | $49.5M | ||
| Q2 25 | $85.9M | $39.5M | ||
| Q1 25 | $84.0M | $28.5M | ||
| Q4 24 | $82.7M | $29.7M | ||
| Q3 24 | $63.7M | $16.4M | ||
| Q2 24 | $54.5M | $7.3M | ||
| Q1 24 | $51.6M | — |
| Q4 25 | $-15.1M | — | ||
| Q3 25 | $-20.0M | $-30.0M | ||
| Q2 25 | $-24.3M | $-75.8M | ||
| Q1 25 | $-20.2M | $-94.3M | ||
| Q4 24 | $-24.1M | — | ||
| Q3 24 | $-34.9M | $-85.6M | ||
| Q2 24 | $-37.9M | $-91.4M | ||
| Q1 24 | $-60.6M | — |
| Q4 25 | 59.6% | 86.7% | ||
| Q3 25 | 58.9% | 87.5% | ||
| Q2 25 | 60.0% | 87.2% | ||
| Q1 25 | 60.0% | 86.9% | ||
| Q4 24 | 60.6% | 87.1% | ||
| Q3 24 | 60.8% | 85.6% | ||
| Q2 24 | 60.9% | 81.2% | ||
| Q1 24 | 59.8% | — |
| Q4 25 | -15.0% | — | ||
| Q3 25 | -23.0% | -30.8% | ||
| Q2 25 | -30.1% | -151.7% | ||
| Q1 25 | -30.2% | -276.5% | ||
| Q4 24 | -30.9% | — | ||
| Q3 24 | -56.9% | -433.0% | ||
| Q2 24 | -72.4% | -1055.4% | ||
| Q1 24 | -80.8% | — |
| Q4 25 | -13.9% | — | ||
| Q3 25 | -20.9% | -60.5% | ||
| Q2 25 | -28.3% | -191.9% | ||
| Q1 25 | -24.1% | -330.7% | ||
| Q4 24 | -29.1% | — | ||
| Q3 24 | -54.8% | -523.3% | ||
| Q2 24 | -69.6% | -1248.6% | ||
| Q1 24 | -117.4% | — |
| Q4 25 | $-0.35 | — | ||
| Q3 25 | $-0.47 | $-0.41 | ||
| Q2 25 | $-0.58 | $-1.05 | ||
| Q1 25 | $-0.48 | $-1.31 | ||
| Q4 24 | $-0.58 | — | ||
| Q3 24 | $-0.85 | $-1.32 | ||
| Q2 24 | $-0.93 | $-1.56 | ||
| Q1 24 | $-1.51 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $174.1M | $130.0M |
| Total DebtLower is stronger | — | $209.1M |
| Stockholders' EquityBook value | $590.1M | $-438.2M |
| Total Assets | $751.9M | $259.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $130.0M | ||
| Q3 25 | $142.7M | $135.2M | ||
| Q2 25 | $141.3M | $149.6M | ||
| Q1 25 | $144.6M | $212.3M | ||
| Q4 24 | $127.1M | $297.3M | ||
| Q3 24 | $153.9M | $334.7M | ||
| Q2 24 | $131.8M | $276.2M | ||
| Q1 24 | $144.9M | — |
| Q4 25 | — | $209.1M | ||
| Q3 25 | — | $207.1M | ||
| Q2 25 | — | $205.1M | ||
| Q1 25 | — | $203.2M | ||
| Q4 24 | — | $201.4M | ||
| Q3 24 | — | $175.7M | ||
| Q2 24 | — | $174.4M | ||
| Q1 24 | — | — |
| Q4 25 | $590.1M | $-438.2M | ||
| Q3 25 | $576.5M | $-422.5M | ||
| Q2 25 | $572.7M | $-405.8M | ||
| Q1 25 | $561.4M | $-338.4M | ||
| Q4 24 | $554.3M | $-253.6M | ||
| Q3 24 | $547.6M | $-187.1M | ||
| Q2 24 | $555.4M | $-233.8M | ||
| Q1 24 | $559.9M | — |
| Q4 25 | $751.9M | $259.1M | ||
| Q3 25 | $706.4M | $240.3M | ||
| Q2 25 | $701.9M | $250.2M | ||
| Q1 25 | $689.0M | $294.2M | ||
| Q4 24 | $670.8M | $378.3M | ||
| Q3 24 | $650.3M | $387.0M | ||
| Q2 24 | $638.7M | $319.4M | ||
| Q1 24 | $657.7M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $34.3M | $-166.8M |
| Free Cash FlowOCF − Capex | $31.4M | $-167.0M |
| FCF MarginFCF / Revenue | 29.0% | -290.0% |
| Capex IntensityCapex / Revenue | 2.7% | 0.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $64.3M | $-328.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.3M | $-166.8M | ||
| Q3 25 | $5.5M | $-14.1M | ||
| Q2 25 | $14.8M | $-62.7M | ||
| Q1 25 | $25.4M | $-84.9M | ||
| Q4 24 | $6.6M | $-266.8M | ||
| Q3 24 | $16.7M | $-63.6M | ||
| Q2 24 | $-15.0M | $-70.7M | ||
| Q1 24 | $-4.0M | — |
| Q4 25 | $31.4M | $-167.0M | ||
| Q3 25 | $1.4M | $-14.1M | ||
| Q2 25 | $10.2M | $-62.8M | ||
| Q1 25 | $21.2M | $-84.9M | ||
| Q4 24 | $4.1M | $-266.9M | ||
| Q3 24 | $14.2M | $-63.6M | ||
| Q2 24 | $-16.1M | $-70.8M | ||
| Q1 24 | $-6.0M | — |
| Q4 25 | 29.0% | -290.0% | ||
| Q3 25 | 1.4% | -28.6% | ||
| Q2 25 | 11.9% | -159.0% | ||
| Q1 25 | 25.3% | -297.9% | ||
| Q4 24 | 5.0% | -899.8% | ||
| Q3 24 | 22.2% | -389.0% | ||
| Q2 24 | -29.5% | -966.2% | ||
| Q1 24 | -11.6% | — |
| Q4 25 | 2.7% | 0.4% | ||
| Q3 25 | 4.3% | 0.1% | ||
| Q2 25 | 5.3% | 0.2% | ||
| Q1 25 | 5.0% | 0.1% | ||
| Q4 24 | 3.0% | 0.5% | ||
| Q3 24 | 4.0% | 0.3% | ||
| Q2 24 | 2.1% | 0.6% | ||
| Q1 24 | 3.7% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMBA
| TW | $76.0M | 70% |
| Asia Pacific Other Than Taiwan | $20.2M | 19% |
| North America Other Than United States | $7.4M | 7% |
| Other | $5.0M | 5% |
PHAT
Segment breakdown not available.
