PHAT: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, PHAT has $305,120K in assets. $642,075K in debts. $180,904K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
221.18%
Quick Ratio
215.98%
Cash Ratio
144.68%
Debt to Asset Ratio
210.43%
Unit: Thousand (K) dollars
Assets Breakdown
Cash and cash equivalents
Accounts receivable, net
Inventory, non-current
Others
Liabilities Breakdown
Accumulated deficit
Additional paid-in capital
Revenue interest financing liabi...
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	180,904	129,972	135,156	149,569
Prepaid expenses and other current assets	8,435	15,353	13,227	14,620
Accounts receivable, net	80,724	78,129	55,789	51,255
Inventory	6,508	5,518	3,611	3,431
Total current assets	276,571	228,972	207,783	218,875
Total property and equipment, gross	-	4,539	-	-
Less accumulated depreciation and amortization	-	3,475	-	-
Property and equipment, net	1,016	1,064	1,156	1,242
Operating lease right-of-use assets	2,508	2,603	2,694	873
Restricted cash	2,861	2,861	2,862	2,862
Inventory, non-current	19,076	20,732	24,101	24,675
Other long-term assets	3,088	2,917	1,693	1,693
Total assets	305,120	259,149	240,289	250,220

Accounts payable	6,365	4,983	1,075	4,008
Accrued expenses	83,317	89,831	65,349	64,296
Accrued interest	1,676	1,833	1,764	1,755
Operating lease liabilities, current	667	648	591	238
Current portion of revenue interest financing liability	33,016	27,249	24,344	21,526
Other current liabilities	-	7,500	-	-
Total current liabilities	125,041	132,044	93,123	91,823
Long-term debt, net of discount	163,675	209,087	207,093	205,139
Revenue interest financing liability	347,898	350,122	348,984	347,003
Operating lease liabilities	1,961	2,065	2,123	589
Other long-term liabilities	3,500	4,000	11,500	11,500
Total liabilities	642,075	697,318	662,823	656,054
Common stock, 0.0001 par value authorized shares - 400,000,000 at march 31, 2026 and december 31, 2025 issued and outstanding shares - 79,442,367 and 71,419,025 at march 31, 2026 and december 31, 2025, respectively	7	6	6	6
Treasury stock - 19 shares at march 31, 2026 and december 31, 2025	0	0	0	0
Additional paid-in capital	1,177,665	1,046,083	1,040,570	1,027,297
Accumulated deficit	-1,514,627	-1,484,258	-1,463,110	-1,433,137
Total stockholders' deficit	-336,955	-438,169	-422,534	-405,834
Total liabilities and stockholders' deficit	305,120	259,149	240,289	250,220

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets Overview

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets