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How Mirum Pharmaceuticals (MIRM) makes money

Mirum Pharmaceuticals (MIRM) made $186M of revenue in the third quarter 2026 (Q3 2026), +40% from a year earlier. Livmarli brought in $133M (72%); Bile Acid Medicines brought in $52.3M (28%).

Drawing the Sankey…

Mirum Pharmaceuticals revenue by segment, Q3 2026Mirum Pharmaceuticals revenue by segment, Q3 2026Livmarli$133MBile Acid Medicines$52.3M
Mirum Pharmaceuticals: revenue by line, Q1 2025 to Q3 2026Mirum Pharmaceuticals: revenue by line, Q1 2025 to Q3 2026LivmarliBile Acid MedicinesLivmarli: $133M latest$133MBile Acid Medicines: $52.3M latest$52.3MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Livmarli went from 66% of revenue in Q1 2025 to 72% in Q3 2026, the largest shift in the mix.
Mirum Pharmaceuticals revenue by quarterMirum Pharmaceuticals revenue by quarter$112MQ1 2025$128MQ2 2025$133MQ3 2025$149MQ4 2025$160MQ1 2026$176MQ2 2026$186MQ3 2026
Mirum Pharmaceuticals: where each dollar of revenue goesMirum Pharmaceuticals: where each dollar of revenue goesIncome tax0¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Livmarli$133M71.9%+4%+45%
Bile Acid Medicines$52.3M28.1%+10%+28%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$186M100.0%
Income tax$538K0.3%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$186M+40%
Q2 2026$176M+38%
Q1 2026$160M+43%
Q4 2025$149M+50%
Q3 2025$133M+47%
Q2 2025$128M+64%
Q1 2025$112M+61%

From Mirum Pharmaceuticals' 10-Q filed Nov 3, 2026 (on EDGAR).

Questions

How does Mirum Pharmaceuticals make money?

Mirum Pharmaceuticals (MIRM) made $186M of revenue in the third quarter 2026 (Q3 2026), +40% from a year earlier. Livmarli brought in $133M (72%); Bile Acid Medicines brought in $52.3M (28%).

What is Mirum Pharmaceuticals' biggest business?

Livmarli: $133M in the third quarter 2026, 72% of revenue, +45% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.