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Mirum Pharmaceuticals, Inc.

MIRM

Healthcare · 98.27 -2.3% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Mirum Pharmaceuticals, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 9 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Company-2.3% todayVolume comparison unavailable
Market group0 of 9 activeBiotechnology · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
  • MIRM's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if MIRM's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Biotechnology

No new filing conclusion is available. 0 of 9 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • MIRM's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods6
Price observations328
Usable filing statements69
Verified relationships7
Evidence supporting the case
  • Latest annual revenue changed +54.7% year over year.
  • Operating margin changed +21.8 percentage points in the latest annual period.
  • Net margin changed +21.6 percentage points in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 5.6% in the latest annual period.
Questions before a position
  • EV/sales is 38% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

98.27
6m+9.5%12m+31.2%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$19.1M$-2.77
2022-12-31$77.1M+302.7%$-4.02+12.1%
2023-12-31$186.4M+141.8%$-4.00+20.3%
2024-12-31$336.9M+80.8%$-1.85+16.2%
2025-12-31$521.3M+54.7%$-0.47+5.6%

What management says matters

Persistent and emerging business drivers

Demand and volumemixed · 4 filings
Our cash flow from operating activities may experience material fluctuations due to a number of factors, including the timing of inventory builds, accounts receivable collections, receipt and payment of invoices, development or commercial milestone payments a…
10-Q · May 6, 2026
Product pipeline and R&Dmixed · 2 filings
For example, as a result of the Bluejay Acquisition, we expect a significant increase in research and development expenses over the next few years as we continue the clinical development of brelovitug.
10-Q · May 6, 2026
Legal and regulatory exposuremixed · 1 filings
The three months ended June 30, 2025 additionally includes approximately $11.0 million change in estimate from prior quarter revenue estimates on distributor and partner channel inventory as a result of regulatory price approval on that inventory.
10-Q · Aug 6, 2025

Valuation discipline

Descriptive valuation snapshot

Price/sales 9.5× · EV/sales 8.9×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

98.27-2.3% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for MIRM. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for MIRM. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind MIRM

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

TAKTakeda Pharmaceutical Company LimitedpartnerFeb 25, 2026

License, Finance, Royalty Agreements and Asset Purchases Assignment and License Agreement with Shire International GmbH (Takeda) In November 2018, we entered into an assignment and license agreement (“Shire License Agreement”) with Shire International GmbH (“…

TAKTakeda Pharmaceutical Company LimitedcustomerFeb 25, 2026

We expect that total product sales of our approved medicines will continue to increase on an annual basis; however, due to large periodic orders from Takeda and our distributors, our product revenue may experience quarterly fluctuations.

Depended on by

TVTXTravere Therapeutics, Inc.partnerFeb 19, 2026

Sale of Bile Acid Product Portfolio In July 2023, we entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Mirum Pharmaceuticals, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

MIRM is currently a Early Follower in the organic co-movement group Biotechnology. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for MIRM; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.