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Mirum Pharmaceuticals, Inc. MIRM R2K

Healthcare · Biotechnology · United States
https://www.mirumpharma.com

Mirum Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of novel therapies for debilitating rare and orphan diseases. Its lead product candidate is LIVMARLI (maralixibat), an orally administered and minimally absorbed ileal bile acid transporter (IBAT) inhibitor that is approved for the treatment of cholestatic pruritus in patients with Alagille syndrome in the United States and internationally. The company is also involved in the commercialization of Cholbam, a cholic acid capsule, which is approved as treatment for pediatric and adult patients with bile acid synthesis disorders due to single enzyme defects and for adjunctive treatment of patients with peroxisomal disorders, including peroxisome biogenesis disorder-Zellweger spectrum disorder and Smith-Lemli-Opitz syndrome; and Chenodal, a tablet, which is approved for the treatment of radiolucent stones in the gallbladder, and under development for the treatment cerebrotendinous xanthomatosis. In addition, it develops Volixibat, an oral and minimally absorbed agent designed to inhibit IBAT, currently under Phase 2b clinical trial for the treatment of adult patients with cholestatic liver diseases; Brelovitug, for the treatment of chronic HDV infection, which is in Phase 2 clinical trial; and MRM-3379, that is in Phase 2 clinical study for the treatment of FXS. The company has a collaboration agreement with the Shire International GmbH; License Agreement with Pfizer Inc.; Sanofi-Aventis Deutschland GmbH; Novartis Pharma AG; Lonza Ltd.; Enthorin Therapeutics, LLC and Dart Neuroscience LLC; Asset Purchase Agreement with Asklepion Pharmaceuticals, LLC; License and Manufacturing Agreement with LGM Pharma; and Asset Purchase Agreement with Travere Therapeutics, Inc. The company was incorporated in 2018 and is headquartered in Foster City, California.

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$101.50
+128.30% 1Y

Market & Price

Market Cap
$6.19B
Current Price
$101.50
High / Low (52W)
$111.39 / $44.46
Beta
0.52

Valuation

Stock P/E
-
Industry PE
23.65
Forward P/E
-
PEG Ratio
-
Book Value
$3.98
Price to Book
25.50
P/S
10.87
EV/EBITDA
-122.42
Dividend Yield
-

Profitability & Returns

ROCE
-1.10%
ROE
-
ROA
-5.94%
Profit Margin
-
Op Margin
-39.51%
EPS (Latest Qtr)
$-13.43
EPS (TTM)
$-13.60

Balance Sheet & Liquidity

Debt/Equity
1.34
Quick Ratio
1.90
Current Ratio
2.09
Debt
$323.78M
Total Assets
$842.81M
Current Assets
$549.68M
Working Capital
$343.88M

Ownership

Promoter Holding
1.35%
Chg in Prom Hold
-
FII / Inst Holding
114.02%
Chg in FII Hold
-0.01%

Financial Snapshot

Enterprise Value
$6.13B
Total Revenue (TTM)
$569.61M
EBITDA
$-50.05M
Free Cash Flow
$166.90M
Operating Cash Flow
$-170.98M
Shares Outstanding
60.98M
Gross Margin
81.39%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
89.13%
Profit 5Y
27.59%
Revenue (YoY)
43.30%
Earnings (YoY)
-

PROS

  • Compounding revenue at 89.1% over 5 years.
  • Profit CAGR of 27.6% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Healthcare).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MIRM Mirum Pharmaceuticals, Inc. R2K 101.50 - $6.19B - -1.10% - 89.13% 27.59%
2 LLY Eli Lilly and Company SPX 1,105.00 39.21 $985.37B 0.63% 38.44% 107.46% 31.69% 48.96%
3 JNJ Johnson & Johnson SPX 225.33 26.11 $542.42B 2.38% 23.13% 26.42% 5.60% 14.32%
4 UNH UnitedHealth Group Incorporated SPX 380.31 28.66 $345.38B 2.32% 9.60% 12.18% 11.35% -15.69%
5 MRK Merck & Co., Inc. SPX 118.72 33.44 $293.22B 2.86% 20.66% 18.94% 3.12% 7.93%
6 TMO Thermo Fisher Scientific Inc. SPX 492.51 27.11 $183.03B 0.38% 9.17% 13.52% -0.27% -1.19%
7 AMGN Amgen Inc. NDXSPX 336.79 23.42 $181.77B 2.99% 18.02% 101.32% 11.77% 5.58%
8 GILD Gilead Sciences, Inc. NDXSPX 134.43 18.29 $166.90B 2.44% 22.92% 43.36% 2.57% 22.83%
9 ISRG Intuitive Surgical, Inc. NDXSPXAI 424.64 51.53 $150.39B - 15.96% 17.23% 17.39% 29.26%
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Quarterly Results

Figures in USD.

Metric Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -----00011.00M5.00M12.89M17.48M18.78M31.60M37.50M47.73M69.22M77.88M--111.58M127.78M133.01M148.93M159.88M
Cost of Revenue --------------------23.02M23.42M25.54M28.26M28.80M
Gross Profit --------------------88.57M104.36M107.47M120.67M131.08M
Operating Expenses --------------------98.75M109.35M104.87M125.23M194.24M
Operating Income -65.00K-6.18M-14.03M-15.87M-22.03M-23.60M-21.72M-47.61M-37.40M-42.82M-32.74M-31.44M-32.88M-27.15M-24.27M-25.15M-26.47M-24.23M---10.18M-4.99M2.60M-4.57M-63.16M
EBITDA ---------------------4.00M4.19M12.31M4.71M-779.19M
Interest Expense --------------------3.60M3.59M3.61M3.60M3.62M
Pretax Income ---------------------13.65M-5.46M2.64M-4.96M-789.68M
Tax Provision --------------------1.03M402.00K-262.00K767.00K475.00K
Net Income -67.00K-5.96M-13.56M-15.09M-21.31M-23.25M-21.51M-50.53M-43.89M-47.11M-36.61M-26.92M-35.71M-30.13M-74.04M-23.59M-25.28M-24.64M---14.68M-5.86M2.90M-5.73M-790.15M
Diluted EPS ---------1.45-1.55-1.17-0.84-1.02-0.80-1.94-0.57-0.54-0.52---0.30-0.120.05-0.11-13.43
R&D Expense 3.00K-11.59M12.16M---------------------

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ---77.06M186.37M336.89M521.31M
Cost of Revenue ---12.37M47.04M81.64M100.24M
Gross Profit ---64.69M139.34M255.25M421.07M
Operating Expenses ---195.91M248.49M342.85M443.21M
Operating Income -54.74M-104.30M--131.22M-109.15M-87.61M-22.14M
EBITDA ----122.85M-136.49M-48.97M17.21M
Interest Expense ---15.98M15.11M14.31M14.39M
Pretax Income ----142.07M-162.42M-86.91M-21.43M
Tax Provision ----6.41M991.00K1.03M1.94M
Net Income -52.55M-103.27M--135.66M-163.41M-87.94M-23.36M
Diluted EPS ----4.02-3.94-1.85-0.47

Compounded Sales Growth

5 Years:89.13%
1 Year:43.30%

Compounded Profit Growth

5 Years:27.59%
1 Year:-

Stock Price Performance

1 Year:+128.30%
6 Months:+41.44%
3 Months:+9.98%
1 Month:+7.75%

Balance Sheet (Annual)

Figures in USD.

Metric May 2018Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -51.98M146.71M240.86M-352.91M646.62M670.75M842.81M
Current Assets -----190.22M387.54M392.79M549.68M
Cash & Equivalents -51.96M11.97M142.09M-28.00M286.33M222.50M296.68M
Inventory -----5.57M22.31M22.40M24.89M
Receivables -----23.99M67.97M78.29M123.33M
Total Liabilities -2.45M16.36M68.77M-210.87M397.95M445.11M528.12M
Current Liabilities -2.45M13.08M18.46M-64.73M87.06M126.55M205.80M
Long Term Debt ------306.42M308.08M309.80M
Total Debt -----2.19M308.14M317.76M319.45M
Total Equity 0-17.31M130.35M172.09M-142.04M248.67M225.64M314.69M
Shares Outstanding -----36.96M46.72M48.34M51.90M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -39.36M-89.08M--120.14M-70.94M10.32M55.83M
Investing Cash Flow -127.78M37.87M-7.70M-107.20M-90.12M-23.95M
Financing Cash Flow 127.18M181.29M-109.09M336.60M17.70M40.14M
Capital Expenditure -281.00K-225.00K--278.00K-20.11M-20.99M-954.00K
Free Cash Flow -39.64M-89.30M--120.41M-91.05M-10.67M54.87M
Net Change in Cash ----3.35M158.46M-62.10M72.02M

Ratios (Annual)

Figures in %.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---83.9%74.8%75.8%80.8%
Operating Margin % ----170.3%-58.6%-26.0%-4.2%
Net Margin % ----176.0%-87.7%-26.1%-4.5%
ROE % -40.3%-60.0%--95.5%-65.7%-39.0%-7.4%
ROCE % -41.0%-46.9%--45.5%-19.5%-16.1%-3.5%

Shareholding Pattern

Insiders
1.35%
Institutions
114.02%
Public Float
115.58%

Top Institutional Holders

#Holder% HeldSharesValue
1 Frazier Life Sciences Management, L.P. 12.59% 7.68M $779.49M
2 Janus Henderson Group PLC 11.39% 6.95M $705.00M
3 Blackrock Inc. 6.31% 3.85M $390.42M
4 Vanguard Capital Management LLC 3.96% 2.41M $245.10M
5 FMR, LLC 3.22% 1.97M $199.49M
6 State Street Corporation 3.19% 1.94M $197.34M
7 Price (T.Rowe) Associates Inc 2.82% 1.72M $174.32M
8 BVF Inc. 2.60% 1.58M $160.85M
9 Vanguard Portfolio Management LLC 2.35% 1.43M $145.36M
10 Eventide Asset Management LLC 2.31% 1.41M $143.00M

Analyst View

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