Mirum Pharmaceuticals, Inc.
Business
Mirum Pharmaceuticals is a biopharmaceutical company that develops and commercializes medicines for rare diseases. The company's approved products include Livmarli (maralixibat) for cholestatic pruritus, Cholbam (cholic acid) for bile acid synthesis disorders, and Ctexli (chenodiol) for cerebrotendinous xanthomatosis. Clinical-stage candidates include volixibat for primary sclerosing cholangitis and primary biliary cholangitis, brelovitug for hepatitis D virus infection, and MRM-3379 for fragile X syndrome. Mirum commercializes approved medicines through direct specialty sales teams in the United States, Canada, and Europe, and via licensing agreements in additional territories.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 521 | 337 | 186 | 77 | 19 | |
| Cost of sales | 100 | 82 | 47 | 12 | — | |
| Research and development | 186 | 141 | 103 | 107 | 131 | |
| Selling, general and administrative | 257 | 202 | 146 | 89 | 59 | |
| Total operating expenses | 543 | 424 | 296 | 208 | 193 | |
| Loss from operations | −22 | −88 | −109 | −131 | −173 | |
| Interest income | 13 | 14 | 14 | 4 | 366,000 | |
| Interest expense | −14 | −14 | −15 | −16 | — | |
| Loss from termination of revenue interest purchase agreement | 0 | 0 | −49 | 0 | 0 | |
| Other income (expense), net | 2 | 1 | −3 | 365,000 | −582,000 | |
| Loss before provision for income taxes | −21 | −87 | −162 | −142 | −84 | |
| Provision for income taxes | 2 | 1 | 991,000 | −6 | 37,000 | |
| Net loss | −23 | −88 | −163 | −136 | −84 | |
| Net loss per share, basic (in dollars per share) | −0.47 | −1.85 | −4 | −4.01 | −2.77 | |
| Net loss per share, diluted (in dollars per share) | −0.47 | −1.85 | −4 | −4.02 | −2.77 | |
| Weighted-average shares of common stock outstanding, basic (in shares) | 50 | 48 | 41 | 34 | 30 | |
| Weighted-average shares of common stock outstanding, diluted (in shares) | 50 | 48 | 41 | 34 | 30 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 297 | 223 | 286 | 28 | — | |
| Short-term investments | 87 | 58 | 0 | 124 | — | |
| Accounts receivable | 123 | 78 | 68 | 24 | — | |
| Inventory | 25 | 22 | 22 | 6 | — | |
| Prepaid expenses and other current assets | 18 | 12 | 11 | 9 | — | |
| Total current assets | 550 | 393 | 388 | 190 | — | |
| Restricted cash | 1 | 425,000 | 0 | — | — | |
| Long-term investments | 8 | 13 | 0 | 0 | — | |
| Property and equipment, net | 2 | 1 | 706,000 | 914,000 | — | |
| Operating lease right-of-use assets | 9 | 9 | 1 | 1 | 300,000 | |
| Intangible assets, net | 261 | 250 | 253 | 59 | — | |
| Other assets | 12 | 5 | 4 | 1 | — | |
| Total assets | 843 | 671 | 647 | 353 | — | |
| Accounts payable | 10 | 15 | 7 | 9 | — | |
| Accrued expenses and other current liabilities | 196 | 112 | — | — | — | |
| Total current liabilities | 206 | 127 | 87 | 65 | — | |
| Operating lease liabilities, noncurrent | 8 | 8 | 617,000 | 1 | — | |
| Convertible notes payable, net, noncurrent | 310 | 308 | 306 | 0 | — | |
| Other liabilities | 5 | 3 | 4 | 5 | — | |
| Total liabilities | 528 | 445 | 398 | 211 | — | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized, and no shares issued and outstanding as of December 31, 2025 and 2024 | 0 | 0 | 0 | 0 | — | |
| Common stock, $0.0001 par value; 200,000,000 shares authorized; 51,896,391 and 48,338,096 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 5,000 | 5,000 | 5,000 | 4,000 | — | |
| Additional paid-in capital | 982 | 870 | 803 | 535 | — | |
| Accumulated deficit | −668 | −644 | −556 | −393 | — | |
| Accumulated other comprehensive income (loss) | 351,000 | −373,000 | 2 | −217,000 | — | |
| Total stockholders equity | 315 | 226 | 249 | 142 | — | |
| Total liabilities and stockholders equity | 843 | 671 | 647 | 353 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net loss | −23 | −88 | −163 | −136 | −84 | |
| Stock-based compensation | 71 | 48 | 35 | 27 | 23 | |
| Depreciation and amortization | 24 | 24 | 11 | 3 | 595,000 | |
| Inventory reserves and firm commitment losses | 3 | 3 | 9 | 0 | 0 | |
| Amortization of debt discount and offering costs | 2 | 2 | 1 | 0 | 0 | |
| Non-cash interest expense related to the revenue interest liability | 0 | 0 | 5 | 16 | 18 | |
| Unrealized foreign exchange (gain) loss | −2 | −1 | 2 | 0 | 0 | |
| Non-cash lease expense | 2 | 1 | 620,000 | 443,000 | 380,000 | |
| Other | −1 | −795,000 | −1 | −4 | — | |
| Accounts receivable | −48 | −11 | −44 | −21 | 0 | |
| Prepaid and other current assets | −6 | −849,000 | −4 | −4 | −4 | |
| Inventory | −8 | −3 | −974,000 | −3 | −495,000 | |
| Other assets | −6 | −1 | −511,000 | −127,000 | −519,000 | |
| Accounts payable, accrued expenses and other liabilities | 50 | 40 | 31 | 8 | 23 | |
| Operating lease liabilities | −2 | −782,000 | −940,000 | −711,000 | −649,000 | |
| Net cash provided by (used in) operating activities | 56 | 10 | −71 | −120 | −133 | |
| Purchase of investments | −97 | −89 | −27 | −132 | −198 | |
| Proceeds from maturities of investments | 74 | 20 | 153 | 140 | 156 | |
| Purchase of property and equipment | −954,000 | −993,000 | −109,000 | −278,000 | −24,000 | |
| Cash paid for acquisition | 0 | 0 | −213 | 0 | 0 | |
| Payments made for additions to intangible assets | 0 | −20 | −20 | 0 | −19 | |
| Net cash used in investing activities | −24 | −90 | −107 | 8 | 49 | |
| Proceeds from issuance of common stock in private placement, net of issuance costs | 0 | 0 | 202 | 0 | 0 | |
| Proceeds from issuance of common stock in at-the-market offerings, net of issuance costs | 0 | 0 | 14 | 21 | 0 | |
| Proceeds from issuance of convertible notes, net | 0 | 0 | 305 | 0 | 0 | |
| Proceeds from issuance of common stock pursuant to equity plans | 40 | 18 | 10 | 7 | 2 | |
| Payments of deferred offering costs | 0 | 0 | −281,000 | 0 | 0 | |
| Payments on revenue interest liability | 0 | 0 | −196 | −6 | −121,000 | |
| Net cash provided by financing activities | 40 | 18 | 337 | 109 | 73 | |
| Effect of exchange rate on cash, cash equivalents and restricted cash | 3 | −1 | −133,000 | 12,000 | −1,000 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 75 | −63 | 158 | −3 | −11 | |
| Operating cash flows paid for operating lease | 3 | 1 | 1 | 911,000 | 864,000 | |
| Cash paid for interest | 13 | 13 | 7 | 0 | 0 | |
| Cash paid for income taxes | 2 | 1 | 125,000 | 0 | — | |
| Accrued milestone payments classified as intangible assets, net | 35 | 0 | 0 | 15 | 0 | |
| Right-of-use assets obtained in exchange for lease liabilities | 2 | 10 | 473,000 | 285,000 | 0 | |
| Decrease in ROU assets and lease liabilities due to lease modification | 649,000 | 723,000 | 0 | 0 | — | |
| Stock-based compensation capitalized to inventory | 688,000 | 1 | 822,000 | 441,000 | 71,000 | |
| Conversion of convertible notes, net into shares of common stock | 24,000 | 0 | 0 | — | — | |
| Issuance of common stock in connection with settlement of Contingent Milestone and Indemnification Holdback liabilities | 0 | 0 | 5 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Mirum Pharmaceuticals, Inc.'s CIK number?
Mirum Pharmaceuticals, Inc.'s SEC CIK number is 0001759425 (1759425). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Mirum Pharmaceuticals, Inc.'s SEC filings?
All of Mirum Pharmaceuticals, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Mirum Pharmaceuticals, Inc. last report earnings?
Mirum Pharmaceuticals, Inc. (MIRM) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001759425-26-000036). This is Mirum Pharmaceuticals, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Mirum Pharmaceuticals, Inc.'s most recent earnings 8-K?
Mirum Pharmaceuticals, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001759425-26-000036. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Mirum Pharmaceuticals, Inc.'s latest earnings 8-K →
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