Mirum Pharmaceuticals, Inc. income statement
In fiscal 2025, Mirum Pharmaceuticals, Inc. reported revenue of $521m, up 54.7% on the year before, operating income of −$22.1m (a -4.2% margin) and net income of −$23.4m, or −$0.47 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 0 | 19 | 77 | 186 | 337 | 521 | 618 |
| Research and development | 82 | 131 | 107 | 103 | 141 | 186 | 283 |
| Selling, general and administrative | — | 59 | 89 | 146 | 202 | 257 | 314 |
| General and administrative | 23 | — | — | — | — | — | — |
| Operating income | −104 | −173 | −131 | −109 | −88 | −22 | −834 |
| Interest expense | — | — | 16 | 15 | 14 | 14 | 13 |
| Income before tax | −103 | −84 | −142 | −162 | −87 | −21 | −858 |
| Income tax | 0 | 0 | −6 | 1 | 1 | 2 | 3 |
| Net income | −103 | −84 | −136 | −163 | −88 | −23 | −860 |
| Diluted EPS | −$4.09 | −$2.77 | −$4.02 | −$4.00 | −$1.85 | −$0.47 | −$15.33 |
| Diluted shares (average) | 25m | 30m | 34m | 41m | 48m | 50m | 56m |
| EBITDA | −104 | −173 | −128 | −98 | −64 | 2 | −808 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 90 | 99 | 112 | 128 | 133 | 149 | 160 | 176 |
| Research and development | 32 | 44 | 41 | 46 | 43 | 51 | 98 | 91 |
| Selling, general and administrative | 51 | 57 | 58 | 63 | 62 | 74 | 96 | 81 |
| Operating income | −13 | −24 | −15 | −5 | 3 | −5 | −789 | −43 |
| Interest expense | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 |
| Income before tax | −14 | −24 | −14 | −5 | 3 | −5 | −790 | −66 |
| Income tax | 0 | −1 | 1 | 0 | −0 | 1 | 0 | 2 |
| Net income | −14 | −24 | −15 | −6 | 3 | −6 | −790 | −67 |
| Diluted EPS | −$0.30 | −$0.49 | −$0.30 | −$0.12 | $0.05 | −$0.12 | −$13.43 | −$1.06 |
| EBITDA | −7 | −18 | −9 | 1 | 9 | 2 | −783 | −36 |
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