Company Analysis

Mirum Pharmaceuticals, Inc. (MIRM)

Nasdaq: MIRM · Pharmaceutical Preparations · Foster City, CA · filing with the SEC since 2018
Grade6.4
◀ Past 6.5● Present 6.7▶ Future 6.0
1 est.

The grade of Mirum Pharmaceuticals, Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.4/10
◀ Past6.530% of the headline
● Present6.740% of the headline
▶ Future6.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.5/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
5.6/10

Has it survived what it has been through?

1 warning event since 2018; the latest 2024-02-28.

weight 33% of this tense · 56th percentile among 497 sector filers · read for itself

From the record

Mirum Pharmaceuticals, Inc.'s filings since 2018 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2024-02-28) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.6/10

What has it actually done, year after year?

+128.5% a year over 5 filed years; profitable in 0 of 5.

weight 45% of this tense · 76th percentile among 323 sector filers · read for its customers

From the record

Mirum Pharmaceuticals, Inc.'s 5 filed years say what it did: revenue went from $19 million in fiscal 2021 to $521 million in fiscal 2025, up 128.5% a year; it rose in 4 of 4 years; it never fell from a peak; net income was positive in 0 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span128.5%top 7% of its family
  • the share of years revenue rosetop 8% of its family
  • the share of filed years with a profitbottom 27% of its family
  • the deepest fall from a revenue peak0.0%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
5.8/10

How has it treated the people who own it?

SI estimate 5.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 58th percentile among 464 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 42% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 464 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Mirum Pharmaceuticals, Inc.'s shareholder treatment is put at 5.8 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 42% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

6.7/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.9/10

Is it financially healthy right now?

ROE -7%: lost 7¢ per shareholder dollar. Leverage 63%: owes 63¢ per asset dollar.

weight 45% of this tense · 59th percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Mirum Pharmaceuticals, Inc. lost about 7 cents for every dollar of shareholders' money. Leverage: it owed about 63 cents per dollar of assets, and net share issuance: its share count grew 5.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 26% of its family
  • return on equitytop 19% of its family
  • the share count against the year beforetop 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.0/10

How strong is its position in its industry?

top 20% of 315 in its family; net margin -4.5%.

weight 33% of this tense · 80th percentile among 315 sector filers · read for its customers

From the record

Mirum Pharmaceuticals, Inc.'s standing among 315 graded names in its industry family: revenue of $521 million in fiscal 2025 ranks in the top 19% by size; a net margin of -4.5% ranks in the top 26%; revenue growth of 89.1% a year over the last 3 filed years ranks in the top 16% (its annual reports).

What it rests on

  • revenue against the family$521Mtop 19% of its family
  • net margin-4.5%top 26% of its family
  • three-year revenue growth89.1%top 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.4/10

What are the people in charge doing?

top 36% of 315 in its family for leadership; chief executive since 2019.

weight 22% of this tense · 64th percentile among 315 sector filers · read for its shareholders

From the record

Mirum Pharmaceuticals, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Peetz, Christopher (CHIEF EXECUTIVE OFFICER, as filed), filing under that title since 2019-07-17, 7.3 years (top 28% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 4.8 years (bottom 32%); 2 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (top 11%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge2 in three years among 14 peopletop 11% of its family
  • the median years the people in charge have filed4.8 yearsbottom 32% of its family
  • the chief executive's years on the record7.3 yearstop 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.8/10

How much room does it have to grow?

top 42% of 273 in its family for room to expand.

weight 45% of this tense · 58th percentile among 273 sector filers · read for itself

From the record

Mirum Pharmaceuticals, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $297 million against no long-term debt tagged leaves 35.2% of its assets as net cash, top 42% of its family; cash from operations less capital spending is 10.5% of revenue (top 20%); research spending of 35.7% of revenue (bottom 37%) (its annual report).

What it rests on

  • cash less debt against assets35.2%top 42% of its family
  • cash from operations less capital spending against revenue10.5%top 20% of its family
  • research spending against revenue35.7%bottom 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.3/10

What could actually drive growth from here?

top 37% of 306 in its family for growth drivers.

weight 33% of this tense · 63rd percentile among 306 sector filers · read for its customers

From the record

Mirum Pharmaceuticals, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 89.1% a year over the last three filed years against 128.5% over all 5, slowing (bottom 15% of its family); the newest year grew 54.8% (top 24%); research spending grew 20.3% a year (top 23%); capital spending grew 50.8% a year (top 14%) (its annual reports). Mirum Pharmaceuticals, Inc. reported 2 product lines in fiscal 2025: Livmarli at $360 million (69%), Bile Acid Medicines at $161 million (31%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-39.4 points a yearbottom 15% of its family
  • the newest year's revenue growth54.8%top 24% of its family
  • three-year growth of research spending20.3%top 23% of its family
  • three-year growth of capital spending50.8%top 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.8/10

Did its newest year beat what its own record pointed to?

top 41% of 233 in its family for expectations against reality.

weight 22% of this tense · 59th percentile among 233 sector filers · read for its shareholders

From the record

Mirum Pharmaceuticals, Inc.'s newest year against its own record: revenue of $521 million in fiscal 2025 came in 26% below the $704 million its prior three years' pace pointed to (bottom 29% of its family); net income of $23 million against a prior three-year average of $129 million (top 21%); a net margin of -4.5% against -96.6% before (top 33%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-26.0%bottom 29% of its family
  • net income against the prior three years' average+82%top 21% of its family
  • net margin against its prior average+92.1 pointstop 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MIRM · research, not advice