MIRM Chart
About

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 Phase 3 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. The company was incorporated in 2018 and is headquartered in Foster City, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 6.44B
Enterprise Value 5.47B Income -41.42M Sales 471.79M
Book/sh 5.69 Cash/sh 7.31 Dividend Yield —
Payout 0.00% Employees 355 IPO —
P/E — Forward P/E 2773.68 PEG —
P/S 13.64 P/B 18.89 P/C —
EV/EBITDA -311.24 EV/Sales 11.59 Quick Ratio 3.01
Current Ratio 3.31 Debt/Eq 109.15 LT Debt/Eq —
EPS (ttm) -0.84 EPS next Y 0.04 EPS Growth —
Revenue Growth 47.20% Earnings 2026-02-25 ROA -3.60%
ROE -15.81% ROIC — Gross Margin 79.92%
Oper. Margin 1.96% Profit Margin -8.78% Shs Outstand 59.88M
Shs Float 44.69M Short Float 13.02% Short Ratio 9.38
Short Interest — 52W High 109.28 52W Low 36.88
Beta 0.50 Avg Volume 757.34K Volume 613.46K
Target Price $117.45 Recom Strong_buy Prev Close $105.89
Price $107.48 Change 1.50%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$117.45
Mean price target
2. Current target
$107.48
Latest analyst target
3. DCF / Fair value
$14.64
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$107.48
Low
$95.00
High
$140.00
Mean
$117.45

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-18 init RBC Capital — → Outperform $130
2026-01-30 main Morgan Stanley Overweight → Overweight $123
2026-01-26 main HC Wainwright & Co. Buy → Buy $130
2026-01-13 reit HC Wainwright & Co. Buy → Buy $102
2025-12-19 main Citizens Market Outperform → Market Outperform $140
2025-12-16 main Stifel Buy → Buy $98
2025-12-09 main Morgan Stanley Overweight → Overweight $95
2025-12-09 main Baird Outperform → Outperform $88
2025-12-09 main Evercore ISI Group Outperform → Outperform $94
2025-12-08 main Cantor Fitzgerald Overweight → Overweight $130
2025-11-05 main Cantor Fitzgerald Overweight → Overweight $95
2025-11-05 main Citizens Market Outperform → Market Outperform $95
2025-11-05 main HC Wainwright & Co. Buy → Buy $81
2025-10-16 main Morgan Stanley Overweight → Overweight $81
2025-09-24 init TD Cowen — → Buy $95
2025-09-12 main JP Morgan Overweight → Overweight $77
2025-08-08 main Evercore ISI Group Outperform → Outperform $89
2025-08-07 main JMP Securities Market Outperform → Market Outperform $81
2025-08-07 main Raymond James Strong Buy → Strong Buy $82
2025-08-07 main HC Wainwright & Co. Buy → Buy $80
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 2000 204180.0 — Sale at price 102.09 per share. RAMASASTRY SAIRA Director — 2026-02-13 00:00:00 D
1 2000 47020.0 — Conversion of Exercise of derivative security at price 23.51 per share. RAMASASTRY SAIRA Director — 2026-02-13 00:00:00 D
2 968 99998.0 — Sale at price 103.30 per share. HOWE JOLANDA MARIE Officer — 2026-02-02 00:00:00 D
3 9108 940888.0 — Sale at price 103.30 per share. PEETZ CHRISTOPHER Chief Executive Officer — 2026-02-02 00:00:00 D
4 2631 271792.0 — Sale at price 103.30 per share. RADOVICH PETER President — 2026-02-02 00:00:00 D
5 1771 nan — — HOWE JOLANDA MARIE Officer — 2026-01-30 00:00:00 D
6 842 80994.0 — Sale at price 96.19 per share. HOWE JOLANDA MARIE Officer — 2026-01-26 00:00:00 D
7 1053 101290.0 — Sale at price 96.19 per share. BJERKHOLT ERIC H Chief Financial Officer — 2026-01-26 00:00:00 D
8 6831 657088.0 — Sale at price 96.19 per share. PEETZ CHRISTOPHER Chief Executive Officer — 2026-01-26 00:00:00 D
9 3143 302331.0 — Sale at price 96.19 per share. RADOVICH PETER President — 2026-01-26 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.00-10.31M40.86K-197.64K
TaxRateForCalcs0.210.210.050.27
NormalizedEBITDA-48.97M-87.41M-123.76M-65.03M
TotalUnusualItems0.00-49.08M906.00K-732.00K
TotalUnusualItemsExcludingGoodwill0.00-49.08M906.00K-732.00K
NetIncomeFromContinuingOperationNetMinorityInterest-87.94M-163.41M-135.66M-83.99M
ReconciledDepreciation23.63M10.83M3.24M595.00K
ReconciledCostOfRevenue81.64M47.04M12.37M1.90M
EBITDA-48.97M-136.49M-122.85M-65.77M
EBIT-72.60M-147.32M-126.09M-66.36M
NetInterestIncome-519.00K-1.37M-12.12M-17.22M
InterestExpense14.31M15.11M15.98M17.59M
InterestIncome13.79M13.73M3.86M366.00K
NormalizedIncome-87.94M-124.64M-136.53M-83.45M
NetIncomeFromContinuingAndDiscontinuedOperation-87.94M-163.41M-135.66M-83.99M
TotalExpenses424.49M295.53M208.28M192.55M
TotalOperatingIncomeAsReported-87.61M-109.15M-131.22M-173.41M
DilutedAverageShares47.52M40.89M33.98M30.32M
BasicAverageShares47.52M40.89M33.84M30.32M
DilutedEPS-1.85-3.94-4.02-2.77
BasicEPS-1.85-3.94-4.01-2.77
DilutedNIAvailtoComStockholders-87.94M-163.41M-136.58M-83.99M
AverageDilutionEarnings0.000.00-914.00K0.00
NetIncomeCommonStockholders-87.94M-163.41M-135.66M-83.99M
NetIncome-87.94M-163.41M-135.66M-83.99M
NetIncomeIncludingNoncontrollingInterests-87.94M-163.41M-135.66M-83.99M
NetIncomeContinuousOperations-87.94M-163.41M-135.66M-83.99M
TaxProvision1.03M991.00K-6.41M37.00K
PretaxIncome-86.91M-162.42M-142.07M-83.95M
OtherIncomeExpense1.21M-51.90M1.27M106.69M
OtherNonOperatingIncomeExpenses1.21M-2.82M365.00K107.42M
SpecialIncomeCharges0.00-49.08M0.000.00
OtherSpecialCharges49.08M
GainOnSaleOfSecurity906.00K-732.00K
NetNonOperatingInterestIncomeExpense-519.00K-1.37M-12.12M-17.22M
InterestExpenseNonOperating14.31M15.11M15.98M17.59M
InterestIncomeNonOperating13.79M13.73M3.86M366.00K
OperatingIncome-87.61M-109.15M-131.22M-173.41M
OperatingExpense342.85M248.49M195.91M190.65M
ResearchAndDevelopment140.63M102.61M106.84M131.43M
SellingGeneralAndAdministration202.22M145.88M89.07M59.22M
GrossProfit255.25M139.34M64.69M17.23M
CostOfRevenue81.64M47.04M12.37M1.90M
TotalRevenue336.89M186.37M77.06M19.14M
OperatingRevenue336.89M186.37M77.06M19.14M
Line Item2021-12-31
TreasurySharesNumber122.46K
OrdinarySharesNumber48.34M46.72M36.96M30.58M
ShareIssued48.34M46.72M36.96M30.71M
NetDebt85.58M20.09M
TotalDebt317.76M308.14M2.19M2.61M
TangibleBookValue-24.18M-4.25M83.08M101.47M
InvestedCapital533.72M555.09M142.04M120.21M
WorkingCapital266.24M300.48M125.50M124.00M
NetTangibleAssets-24.18M-4.25M83.08M101.47M
CapitalLeaseObligations9.68M1.72M2.19M2.61M
CommonStockEquity225.64M248.67M142.04M120.21M
TotalCapitalization533.72M555.09M142.04M120.21M
TotalEquityGrossMinorityInterest225.64M248.67M142.04M120.21M
StockholdersEquity225.64M248.67M142.04M120.21M
GainsLossesNotAffectingRetainedEarnings-373.00K1.64M-217.00K-35.00K
OtherEquityAdjustments-373.00K1.64M-217.00K-35.00K
RetainedEarnings-644.18M-556.24M-392.82M-257.16M
AdditionalPaidInCapital870.19M803.26M535.07M377.40M
CapitalStock5.00K5.00K4.00K3.00K
CommonStock5.00K5.00K4.00K3.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest445.11M397.95M210.87M174.44M
TotalNonCurrentLiabilitiesNetMinorityInterest318.56M310.89M146.14M131.84M
OtherNonCurrentLiabilities2.51M3.85M4.53M17.00K
NonCurrentDeferredLiabilities0.00140.35M129.92M
NonCurrentDeferredRevenue0.00140.35M129.92M
LongTermDebtAndCapitalLeaseObligation316.05M307.04M1.26M1.90M
LongTermCapitalLeaseObligation7.97M617.00K1.26M1.90M
LongTermDebt308.08M306.42M
CurrentLiabilities126.55M87.06M64.73M42.60M
OtherCurrentLiabilities1.09M2.00M
CurrentDebtAndCapitalLeaseObligation1.71M1.10M931.00K711.00K
CurrentCapitalLeaseObligation1.71M1.10M931.00K711.00K
PensionandOtherPostRetirementBenefitPlansCurrent32.25M20.94M14.66M9.99M
PayablesAndAccruedExpenses92.59M65.02M48.05M29.90M
CurrentAccruedExpenses68.61M50.89M36.90M20.12M
InterestPayable2.11M2.11M0.00
Payables23.98M14.13M11.15M9.78M
OtherPayable9.36M6.72M2.46M610.00K
AccountsPayable14.62M7.42M8.69M9.17M
TotalAssets670.75M646.62M352.91M294.65M
TotalNonCurrentAssets277.97M259.08M162.68M128.06M
OtherNonCurrentAssets5.81M4.17M101.38M101.79M
InvestmentsAndAdvances12.53M0.000.004.98M
GoodwillAndOtherIntangibleAssets249.82M252.93M58.95M18.74M
OtherIntangibleAssets249.82M252.93M58.95M18.74M
NetPPE9.81M1.99M2.35M2.55M
GrossPPE9.81M1.99M2.35M2.55M
OtherProperties9.81M1.99M914.00K981.00K
BuildingsAndImprovements1.28M1.43M1.57M
Properties0.000.000.00
CurrentAssets392.79M387.54M190.22M166.59M
OtherCurrentAssets11.78M10.94M8.95M5.27M
PrepaidAssets5.27M
Inventory22.40M22.31M5.57M1.51M
FinishedGoods3.28M9.44M214.00K87.00K
WorkInProcess16.09M9.87M5.35M570.00K
RawMaterials3.03M3.00M0.00856.00K
Receivables78.29M67.97M23.99M3.27M
AccountsReceivable78.29M67.97M23.99M3.27M
CashCashEquivalentsAndShortTermInvestments280.31M286.33M151.72M156.54M
OtherShortTermInvestments57.81M0.00123.72M125.20M
CashAndCashEquivalents222.50M286.33M28.00M31.34M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-10.67M-91.05M-120.41M-151.78M
IssuanceOfDebt0.00305.30M0.000.00
IssuanceOfCapitalStock0.00216.68M107.37M6.91M
CapitalExpenditure-20.99M-20.11M-278.00K-19.02M
InterestPaidSupplementalData12.65M6.82M0.000.00
IncomeTaxPaidSupplementalData1.00M125.00K0.000.00
EndCashPosition222.93M286.33M128.00M131.34M
BeginningCashPosition286.33M128.00M131.34M142.09M
EffectOfExchangeRateChanges-1.30M-133.00K12.00K-1.00K
ChangesInCash-62.10M158.46M-3.35M-10.74M
FinancingCashFlow17.70M336.60M109.09M73.47M
CashFlowFromContinuingFinancingActivities17.70M336.60M109.09M73.47M
NetOtherFinancingCharges-195.86M-5.55M64.45M
InterestPaidCFF-121.00K
ProceedsFromStockOptionExercised17.70M10.47M7.27M2.10M
CashDividendsPaid0.00
NetCommonStockIssuance0.00216.68M107.37M6.91M
CommonStockIssuance0.00216.68M107.37M6.91M
NetIssuancePaymentsOfDebt0.00305.30M0.000.00
NetLongTermDebtIssuance0.00305.30M0.000.00
LongTermDebtIssuance0.00305.30M0.000.00
InvestingCashFlow-90.12M-107.20M7.70M48.55M
CashFlowFromContinuingInvestingActivities-90.12M-107.20M7.70M48.55M
NetOtherInvestingChanges108.00M
NetInvestmentPurchaseAndSale-69.13M125.67M7.98M-40.43M
SaleOfInvestment19.89M153.00M140.30M157.60M
PurchaseOfInvestment-89.03M-27.33M-132.32M-198.03M
NetBusinessPurchaseAndSale0.00-212.76M0.000.00
PurchaseOfBusiness0.00-212.76M0.000.00
NetIntangiblesPurchaseAndSale-20.00M-20.00M0.00-19.00M
PurchaseOfIntangibles-20.00M-20.00M0.00-19.00M
NetPPEPurchaseAndSale-993.00K-109.00K-278.00K-24.00K
PurchaseOfPPE-993.00K-109.00K-278.00K-24.00K
OperatingCashFlow10.32M-70.94M-120.14M-132.76M
CashFlowFromContinuingOperatingActivities10.32M-70.94M-120.14M-132.76M
ChangeInWorkingCapital22.59M-19.22M-21.05M16.98M
ChangeInOtherCurrentLiabilities-782.00K-940.00K-711.00K-649.00K
ChangeInOtherCurrentAssets-1.50M-511.00K-127.00K-519.00K
ChangeInPayablesAndAccruedExpense40.31M30.78M7.64M22.66M
ChangeInPayable40.31M30.78M7.64M22.66M
ChangeInAccountPayable40.31M30.78M7.64M22.66M
ChangeInPrepaidAssets-849.00K-3.60M-3.68M-4.01M
ChangeInInventory-3.17M-974.00K-3.45M-495.00K
ChangeInReceivables-11.43M-43.97M-20.73M0.00
ChangesInAccountReceivables-11.43M-43.97M-20.73M0.00
OtherNonCashItems2.22M54.82M12.91M-90.03M
StockBasedCompensation48.44M35.02M27.01M23.09M
ProvisionandWriteOffofAssets2.61M9.26M0.000.00
AmortizationOfSecurities-1.73M-1.70M-137.00K
DeferredTax0.000.00-6.58M0.00
DeferredIncomeTax0.000.00-6.58M0.00
DepreciationAmortizationDepletion23.63M10.83M3.24M595.00K
DepreciationAndAmortization23.63M10.83M3.24M595.00K
Depreciation3.68M975.00K
OperatingGainsLosses-1.23M1.76M-906.00K732.00K
GainLossOnInvestmentSecurities-906.00K732.00K
NetForeignCurrencyExchangeGainLoss-1.23M1.76M0.000.00
NetIncomeFromContinuingOperations-87.94M-163.41M-135.66M-83.99M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MIRM
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