PHAT — Phathom Pharmaceuticals, Inc. Dilution Risk Tracker

Phathom Pharmaceuticals, Inc. (PHAT) has a DilutionScore of 46/100, rated Medium dilution risk. This tier indicates some dilution exposure — often an older shelf registration with remaining capacity, warrants not yet exercised, or a cash position that will require monitoring over the next several quarters. Score as of July 14, 2026.

Cash runway is a key watch item: PHAT has approximately 10 months of runway at current burn rate. Companies with less than 18 months of runway are statistically more likely to file new shelf registrations or ATM programs within the next two quarters. DilutionWatch monitors SEC 10-Q filings to update this estimate each quarter.

DilutionWatch tracks over 25 SEC filing types for PHAT in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for PHAT alongside comparable medium-risk stocks. Not financial advice — this analysis is for informational purposes only.