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Side-by-side financial comparison of Phathom Pharmaceuticals, Inc. (PHAT) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.
Vitesse Energy, Inc. is the larger business by last-quarter revenue ($58.6M vs $57.6M, roughly 1.0× Phathom Pharmaceuticals, Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 4.8%).
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.
Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.
PHAT vs VTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $57.6M | $58.6M |
| Net Profit | — | $-739.0K |
| Gross Margin | 86.7% | — |
| Operating Margin | — | -12.0% |
| Net Margin | — | -1.3% |
| Revenue YoY | 94.1% | 4.8% |
| Net Profit YoY | 71.6% | 85.6% |
| EPS (diluted) | — | $-0.01 |
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 | $57.6M | $58.6M | ||
| Q3 25 | $49.5M | $67.4M | ||
| Q2 25 | $39.5M | $81.8M | ||
| Q1 25 | $28.5M | $66.2M | ||
| Q4 24 | $29.7M | $55.9M | ||
| Q3 24 | $16.4M | $58.3M | ||
| Q2 24 | $7.3M | $66.6M | ||
| Q1 24 | — | $61.2M |
| Q4 25 | — | $-739.0K | ||
| Q3 25 | $-30.0M | $-1.3M | ||
| Q2 25 | $-75.8M | $24.7M | ||
| Q1 25 | $-94.3M | $2.7M | ||
| Q4 24 | — | $-5.1M | ||
| Q3 24 | $-85.6M | $17.4M | ||
| Q2 24 | $-91.4M | $10.9M | ||
| Q1 24 | — | $-2.2M |
| Q4 25 | 86.7% | — | ||
| Q3 25 | 87.5% | — | ||
| Q2 25 | 87.2% | — | ||
| Q1 25 | 86.9% | — | ||
| Q4 24 | 87.1% | — | ||
| Q3 24 | 85.6% | — | ||
| Q2 24 | 81.2% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -12.0% | ||
| Q3 25 | -30.8% | 0.2% | ||
| Q2 25 | -151.7% | 22.8% | ||
| Q1 25 | -276.5% | 8.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | -433.0% | 15.4% | ||
| Q2 24 | -1055.4% | 25.2% | ||
| Q1 24 | — | 21.4% |
| Q4 25 | — | -1.3% | ||
| Q3 25 | -60.5% | -1.9% | ||
| Q2 25 | -191.9% | 30.2% | ||
| Q1 25 | -330.7% | 4.0% | ||
| Q4 24 | — | -9.2% | ||
| Q3 24 | -523.3% | 29.9% | ||
| Q2 24 | -1248.6% | 16.4% | ||
| Q1 24 | — | -3.6% |
| Q4 25 | — | $-0.01 | ||
| Q3 25 | $-0.41 | $-0.03 | ||
| Q2 25 | $-1.05 | $0.60 | ||
| Q1 25 | $-1.31 | $0.08 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | $-1.32 | $0.53 | ||
| Q2 24 | $-1.56 | $0.33 | ||
| Q1 24 | — | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $130.0M | — |
| Total DebtLower is stronger | $209.1M | — |
| Stockholders' EquityBook value | $-438.2M | $629.3M |
| Total Assets | $259.1M | $893.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.0M | — | ||
| Q3 25 | $135.2M | — | ||
| Q2 25 | $149.6M | — | ||
| Q1 25 | $212.3M | $4.5M | ||
| Q4 24 | $297.3M | $3.0M | ||
| Q3 24 | $334.7M | — | ||
| Q2 24 | $276.2M | — | ||
| Q1 24 | — | — |
| 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 | $-438.2M | $629.3M | ||
| Q3 25 | $-422.5M | $650.3M | ||
| Q2 25 | $-405.8M | $671.9M | ||
| Q1 25 | $-338.4M | $667.7M | ||
| Q4 24 | $-253.6M | $500.3M | ||
| Q3 24 | $-187.1M | $520.4M | ||
| Q2 24 | $-233.8M | $518.5M | ||
| Q1 24 | — | $522.7M |
| Q4 25 | $259.1M | $893.4M | ||
| Q3 25 | $240.3M | $932.9M | ||
| Q2 25 | $250.2M | $951.5M | ||
| Q1 25 | $294.2M | $975.2M | ||
| Q4 24 | $378.3M | $810.9M | ||
| Q3 24 | $387.0M | $791.2M | ||
| Q2 24 | $319.4M | $778.4M | ||
| Q1 24 | — | $749.7M |
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 | $-166.8M | $37.4M |
| Free Cash FlowOCF − Capex | $-167.0M | — |
| FCF MarginFCF / Revenue | -290.0% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-328.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-166.8M | $37.4M | ||
| Q3 25 | $-14.1M | $49.4M | ||
| Q2 25 | $-62.7M | $66.0M | ||
| Q1 25 | $-84.9M | $17.5M | ||
| Q4 24 | $-266.8M | $34.7M | ||
| Q3 24 | $-63.6M | $45.7M | ||
| Q2 24 | $-70.7M | $35.2M | ||
| Q1 24 | — | $39.4M |
| Q4 25 | $-167.0M | — | ||
| Q3 25 | $-14.1M | — | ||
| Q2 25 | $-62.8M | — | ||
| Q1 25 | $-84.9M | — | ||
| Q4 24 | $-266.9M | — | ||
| Q3 24 | $-63.6M | — | ||
| Q2 24 | $-70.8M | — | ||
| Q1 24 | — | — |
| Q4 25 | -290.0% | — | ||
| Q3 25 | -28.6% | — | ||
| Q2 25 | -159.0% | — | ||
| Q1 25 | -297.9% | — | ||
| Q4 24 | -899.8% | — | ||
| Q3 24 | -389.0% | — | ||
| Q2 24 | -966.2% | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.68× | ||
| Q1 25 | — | 6.56× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.62× | ||
| Q2 24 | — | 3.22× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PHAT
Segment breakdown not available.
VTS
| Oil Reserves | $54.5M | 93% |
| Natural Gas Reserves | $4.2M | 7% |
