Filing Flows › Comparisons › PHAT vs RIGL
Phathom Pharmaceuticals vs Rigel Pharmaceuticals: PHAT and RIGL compared
Phathom Pharmaceuticals is the larger company: $84.7M of revenue in its latest quarter (Q3 2026) against $80.9M for Rigel Pharmaceuticals (Q3 2026). Phathom Pharmaceuticals is growing faster (+71% against +16% a year earlier). Rigel Pharmaceuticals is more profitable, with an operating margin of 21.1% against -0.1%.
Where the money goes: PHAT and RIGL
Phathom Pharmaceuticals (PHAT) · Q3 2026
Phathom Pharmaceuticals, Q3 2026: revenue $84.7M (+71% year over year), operating margin -0.1%, net loss $13.9M, operating cash flow $1.8M. The chart follows the revenue to costs, profit and cash.
Rigel Pharmaceuticals (RIGL) · Q3 2026
Rigel Pharmaceuticals, Q3 2026: revenue $80.9M (+16% year over year), operating margin 21.1%, net earnings $13.2M, operating cash flow $34.6M. The chart follows the revenue to costs, profit and cash.
| Phathom Pharmaceuticals (PHAT) | Rigel Pharmaceuticals (RIGL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $84.7M | $80.9M |
| Revenue growth, Y/Y | +71% | +16% |
| Operating margin | -0.1% | 21.1% |
| Net earnings | −$13.9M | $13.2M |
| Net margin | -16.4% | 16.3% |
| Operating cash flow | $1.8M | $34.6M |
| Free cash flow | $1.7M | — |
Where the revenue comes from
Rigel Pharmaceuticals
- Product sales, net: $72.3M (89%)
- Contract revenues from collaborations and other: $8.6M (11%)
Questions
Which is bigger, Phathom Pharmaceuticals or Rigel Pharmaceuticals?
Phathom Pharmaceuticals is the larger company: $84.7M of revenue in its latest quarter (Q3 2026) against $80.9M for Rigel Pharmaceuticals (Q3 2026).
Is Phathom Pharmaceuticals or Rigel Pharmaceuticals growing faster?
Phathom Pharmaceuticals is growing faster (+71% against +16% a year earlier).
Which is more profitable, Phathom Pharmaceuticals or Rigel Pharmaceuticals?
Rigel Pharmaceuticals is more profitable, with an operating margin of 21.1% against -0.1%.
More: Phathom Pharmaceuticals earnings · how Phathom Pharmaceuticals makes money · Rigel Pharmaceuticals earnings · how Rigel Pharmaceuticals makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.