MIRM Nasdaq Pharmaceutical Preparations Financials FY2019βFY2025
Mirum Pharmaceuticals, Inc. had $521M of revenue in fiscal 2025, up 54.7% on the year before.
Last close Β· Oct 23, 2026
$80.39
3.3%Hi! I read Mirum Pharmaceuticals, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+54.7%
Yes. Sales grew 54.7% last year.
Does it make a profit?
β4.5%
No. It lost money last year.
Does profit turn into cash?
10.5%
Yes. 10.5% of sales ends up as free cash.
How healthy are the accounts?
4 / 7
Mixed. It passes 4 of 7 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Mirum Pharmaceuticals, Inc. had $521M of revenue in fiscal 2025, up 54.7% on the year before. Its operating margin was β4.2%, up 21.8Β pts: of every 100 in sales, about β4 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Mirum Pharmaceuticals, Inc. lost $23.4M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $54.9M in fiscal 2025, 10.5% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $9.0M and sold $42.2M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$9.0M
1 insider
Sold, 12 months
$42.2M
7 insiders
Of sales under plans
61%
$25.8M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 14, 2026 | Eric BjerkholtChief Financial Officer | Sold | 9,943 | $98.37 | $1.0M | Form 4 |
| Sep 2, 2026 | Jolanda HoweSVP, Global Controller | Sold plan | 658 | $100.00 | $0.1M | Form 4 |
| Sep 1, 2026 | Christopher PeetzChief Executive Officer, Director | Sold plan | 30,000 | $98.68 | $3.0M | Form 4 |
| Aug 18, 2026 | Jolanda HoweSVP, Global Controller | Sold | 40,000 | $100.00 | $4.0M | Form 4 |
| Aug 11, 2026 | Eric BjerkholtChief Financial Officer | Sold plan | 6,001 | $99.90 | $0.6M | Form 4 |
| Aug 10, 2026 | Christopher PeetzChief Executive Officer, Director | Sold plan | 20,000 | $98.92 | $2.0M | Form 4 |
| Aug 3, 2026 | Jolanda HoweSVP, Global Controller | Sold plan | 1,840 | $105.29 | $0.2M | Form 4 |
| Jul 6, 2026 | Christopher PeetzChief Executive Officer, Director | Sold plan | 20,000 | $122.27 | $2.4M | Form 4 |
| Jul 6, 2026 | Eric BjerkholtChief Financial Officer | Sold plan | 5,000 | $122.25 | $0.6M | Form 4 |
| Jul 1, 2026 | Jolanda HoweSVP, Global Controller | Sold plan | 2,721 | $120.00 | $0.3M | Form 4 |
| Jun 17, 2026 | Jolanda HoweSVP, Global Controller | Sold plan | 2,594 | $101.95 | $0.3M | Form 4 |
| Jun 8, 2026 | Eric BjerkholtChief Financial Officer | Sold plan | 5,000 | $93.82 | $0.5M | Form 4 |
| Jun 1, 2026 | Saira RamasastryDirector | Sold plan | 3,977 | $100.00 | $0.4M | Form 4 |
| Jun 1, 2026 | Christopher PeetzChief Executive Officer, Director | Sold plan | 30,000 | $95.84 | $2.9M | Form 4 |
| May 15, 2026 | Saira RamasastryDirector | Sold plan | 2,000 | $109.47 | $0.2M | Form 4 |
| Apr 15, 2026 | Saira RamasastryDirector | Sold plan | 2,000 | $96.90 | $0.2M | Form 4 |
| Mar 16, 2026 | Peter RadovichPresident and COO | Sold | 16,515 | $91.98 | $1.5M | Form 4 |
| Mar 16, 2026 | Saira RamasastryDirector | Sold plan | 2,000 | $90.76 | $0.2M | Form 4 |
| Mar 16, 2026 | Jolanda HoweSVP, Global Controller | Sold | 4,732 | $91.98 | $0.4M | Form 4 |
| Mar 16, 2026 | Joanne QuanChief Medical Officer | Sold | 7,287 | $91.98 | $0.7M | Form 4 |
| Mar 16, 2026 | Christopher PeetzChief Executive Officer, Director | Sold | 40,985 | $91.98 | $3.8M | Form 4 |
| Mar 16, 2026 | Eric BjerkholtChief Financial Officer | Sold | 7,287 | $91.98 | $0.7M | Form 4 |
| Feb 13, 2026 | Saira RamasastryDirector | Sold plan | 2,000 | $102.09 | $0.2M | Form 4 |
| Feb 2, 2026 | Jolanda HoweSVP, Global Controller | Sold | 968 | $103.30 | $0.1M | Form 4 |
| Feb 2, 2026 | Christopher PeetzChief Executive Officer, Director | Sold | 9,108 | $103.30 | $0.9M | Form 4 |
| Feb 2, 2026 | Peter RadovichPresident and COO | Sold | 2,631 | $103.30 | $0.3M | Form 4 |
| Jan 26, 2026 | Christopher PeetzChief Executive Officer, Director | Sold | 6,831 | $96.19 | $0.7M | Form 4 |
| Jan 26, 2026 | Jolanda HoweSVP, Global Controller | Sold | 842 | $96.19 | $0.1M | Form 4 |
| Jan 26, 2026 | Eric BjerkholtChief Financial Officer | Sold | 1,053 | $96.19 | $0.1M | Form 4 |
| Jan 26, 2026 | Peter RadovichPresident and COO | Sold | 3,143 | $96.19 | $0.3M | Form 4 |
| Jan 23, 2026 | Patrick J HeronDirector | Bought | 131,425 | $68.48 | $9.0M | Form 4 |
| Jan 22, 2026 | Peter RadovichPresident and COO | Sold | 2,382 | $93.33 | $0.2M | Form 4 |
| Jan 22, 2026 | Eric BjerkholtChief Financial Officer | Sold | 1,421 | $93.33 | $0.1M | Form 4 |
| Jan 22, 2026 | Joanne QuanChief Medical Officer | Sold | 1,822 | $93.33 | $0.2M | Form 4 |
| Jan 22, 2026 | Jolanda HoweSVP, Global Controller | Sold | 926 | $93.33 | $0.1M | Form 4 |
| Jan 22, 2026 | Christopher PeetzChief Executive Officer, Director | Sold | 7,098 | $93.33 | $0.7M | Form 4 |
| Jan 20, 2026 | Joanne QuanChief Medical Officer | Sold | 6,911 | $90.27 | $0.6M | Form 4 |
| Jan 15, 2026 | Saira RamasastryDirector | Sold plan | 2,000 | $90.99 | $0.2M | Form 4 |
| Dec 22, 2025 | Saira RamasastryDirector | Sold plan | 5,000 | $80.00 | $0.4M | Form 4 |
| Dec 19, 2025 | Michael G GreyDirector | Sold plan | 50,000 | $78.00 | $3.9M | Form 4 |
| Dec 18, 2025 | Saira RamasastryDirector | Sold plan | 2,000 | $69.73 | $0.1M | Form 4 |
| Dec 1, 2025 | Michael G GreyDirector | Sold plan | 50,000 | $74.00 | $3.7M | Form 4 |
| Nov 21, 2025 | Michael G GreyDirector | Sold plan | 50,000 | $70.00 | $3.5M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Mirum Pharmaceuticals, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $157M | $152M | $286M | $280M | $383M |
| Interest coverage | β | β8.2x | β7.2x | β6.1x | β1.5x |
| Current ratio | 3.9x | 2.9x | 4.5x | 3.1x | 2.7x |
| Quick ratio | 3.9x | 2.9x | 4.2x | 2.9x | 2.6x |
| Total assets | $295M | $353M | $647M | $671M | $843M |
| Total liabilities | $174M | $211M | $398M | $445M | $528M |
| Shareholders' equity | $120M | $142M | $249M | $226M | $315M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Mirum Pharmaceuticals, Inc. passes 4 of 7 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 6 | 2 / 7 | 2 / 7 | 4 / 7 | 4 / 7 | 4 / 7 |
| Accruals ratio | β9.0% | β7.3% | 18.2% | β4.8% | β18.5% | β14.9% | β10.5% |
| Altman Z'' | 9.06 | 3.31 | β3.32 | β3.09 | β0.23 | β0.87 | 0.54 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | β | $0.0M | $19.1M | $77.1M | $186M | $337M | $521M |
| Research and development | $43.0M | $81.6M | $131M | $107M | $103M | $141M | $186M |
| Operating income | β$54.7M | β$104M | β$173M | β$131M | β$109M | β$87.6M | β$22.1M |
| Interest expense | β | β | β | $16.0M | $15.1M | $14.3M | $14.4M |
| Pretax income | β$52.5M | β$103M | β$84.0M | β$142M | β$162M | β$86.9M | β$21.4M |
| Income tax | $0.0M | $0.0M | $0.0M | β$6.4M | $1.0M | $1.0M | $1.9M |
| Net income | β$52.6M | β$103M | β$84.0M | β$136M | β$163M | β$87.9M | β$23.4M |
| Net income to common | β | β | β$84.0M | β$136M | β$163M | β$87.9M | β |
| Diluted EPS | β$4.58 | β$4.09 | β$2.77 | β$4.02 | β$4.00 | β$1.85 | β$0.47 |
| Diluted shares | 0.01B | 0.03B | 0.03B | 0.03B | 0.04B | 0.05B | 0.05B |
| Cash flow | |||||||
| Cash from operations | β$39.4M | β$89.1M | β$133M | β$120M | β$70.9M | $10.3M | $55.8M |
| Capital expenditure | $0.3M | $0.2M | $0.0M | $0.3M | $0.1M | $1.0M | $1.0M |
| Free cash flow | β$39.6M | β$89.3M | β$133M | β$120M | β$71.1M | $9.3M | $54.9M |
| Depreciation and amortization | $0.1M | $0.3M | $0.6M | $3.2M | $10.8M | $23.6M | $24.2M |
| Stock-based compensation | $6.1M | $12.6M | $23.1M | $27.0M | $35.0M | $48.4M | $71.4M |
| Acquisitions | β | β | $0.0M | $0.0M | $213M | $0.0M | $0.0M |
| Balance sheet | |||||||
| Cash and short-term investments | $117M | $232M | $157M | $152M | $286M | $280M | $383M |
| Current assets | $119M | $236M | $167M | $190M | $388M | $393M | $550M |
| Current liabilities | $13.1M | $18.5M | $42.6M | $64.7M | $87.1M | $127M | $206M |
| Inventory | β | $0.0M | $1.5M | $5.6M | $22.3M | $22.4M | $24.9M |
| Property and equipment, net | $1.4M | $1.3M | $1.0M | $0.9M | $0.7M | $1.1M | $1.9M |
| Intangible assets | β | $0.0M | $18.7M | $59.0M | $253M | $250M | $261M |
| Total assets | $147M | $241M | $295M | $353M | $647M | $671M | $843M |
| Total liabilities | $16.4M | $68.8M | $174M | $211M | $398M | $445M | $528M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $130M | $172M | $120M | $142M | $249M | $226M | $315M |
| Margins | |||||||
| Operating margin | β | β | β906.1% | β170.3% | β58.6% | β26.0% | β4.2% |
| EBITDA margin | β | β | β903.0% | β166.1% | β52.8% | β19.0% | 0.4% |
| Net margin | β | β | β438.9% | β176.0% | β87.7% | β26.1% | β4.5% |
| FCF margin | β | β | β693.8% | β156.3% | β38.1% | 2.8% | 10.5% |
| Returns | |||||||
| Return on capital employed | β41.0% | β46.9% | β68.8% | β45.5% | β19.5% | β16.1% | β3.5% |
| Return on equity | β40.3% | β68.3% | β57.5% | β103.5% | β83.7% | β37.1% | β8.6% |
| Return on assets | β35.8% | β53.3% | β31.4% | β41.9% | β32.7% | β13.4% | β3.1% |
| Return on tangible equity | β40.3% | β60.0% | β82.8% | β163.3% | β | β | β43.5% |
| Growth | |||||||
| Revenue growth | β | β | β | 302.7% | 141.8% | 80.8% | 54.7% |
| FCF growth | β | β | β | β | β | β | 488.0% |
| Share count change | β | 119.8% | 20.1% | 12.1% | 20.3% | 16.2% | 5.6% |
| Financial health | |||||||
| Interest coverage | β | β | β | β8.2x | β7.2x | β6.1x | β1.5x |
| Current ratio | 9.1x | 12.8x | 3.9x | 2.9x | 4.5x | 3.1x | 2.7x |
| Quick ratio | 9.1x | 12.8x | 3.9x | 2.9x | 4.2x | 2.9x | 2.6x |
| Capital allocation | |||||||
| Capex / revenue | β | β | 0.1% | 0.4% | 0.1% | 0.3% | 0.2% |
| Stock comp / revenue | β | β | 120.6% | 35.0% | 18.8% | 14.4% | 13.7% |
| Quality scores | |||||||
| Piotroski F-score | β | β | 2.0 | 2.0 | 4.0 | 4.0 | 4.0 |
| Altman Z'' | 9.1 | 3.3 | β3.3 | β3.1 | β0.2 | β0.9 | 0.5 |
| Accruals ratio | β9.0% | β7.3% | 18.2% | β4.8% | β18.5% | β14.9% | β10.5% |
Source: SEC EDGAR XBRL filings (CIK 0001759425). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
