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ARMPArmata Pharmaceuticals, Inc.
$5.44$200M
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ARMP logoArmata Pharmaceuticals, Inc.(ARMP)Earnings, Financials & Key Ratios

ARMP•AMEX
$5.44
Price updated Jul 6, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryMicrobiome and Phage Therapeutics
AboutArmata Pharmaceuticals, Inc., a clinical-stage biotechnology company, focuses on the development of targeted bacteriophage therapeutics for antibiotic-resistant infections worldwide. It develops its products using its proprietary bacteriophage-based technology. The company's product candidates include AP-SA02 for the treatment of Staphylococcus aureus bacteremia; AP-PA02 for Pseudomonas aeruginosa; and AP-PA03 for the treatment of pneumonia. It has a partnership agreement with Merck & Co. for developing synthetic bacteriophage candidates to target undisclosed infectious disease agents. The company is headquartered in Marina del Rey, California.Show more
  • Revenue$5M-5.2%
  • EBITDA-$30M+27.8%
  • Net Income-$174M-818.8%
  • EPS (Diluted)-4.80-823.1%
  • Gross Margin68.78%+112.2%
  • EBITDA Margin-605.44%+23.8%
  • Operating Margin-636.66%+22.4%
  • Net Margin-3544.03%-869.4%

ARMP Price & Volume

Armata Pharmaceuticals, Inc. (ARMP) stock price & volume — 10-year historical chart

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Persistent Operating Deficits Threaten Clinical Pipeline Viability

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Imminent liquidity and dilution

Key Thesis Takeaways

  • Armata Pharmaceuticals faces a precarious financial outlook characterized by extreme negative equity of -$311.6M and a reliance on milestone-dependent revenue that remains highly volatile.
  • While the company advances its phage therapeutic pipeline, the structural inability to generate consistent gross profit against quarterly R&D expenditures of approximately $6M creates a persistent funding gap.
  • Investors should remain cautious as the current cash balance of $4.8M appears insufficient to sustain operations without significant further dilution or external capital support.

Verdict Logic

the company's technical insolvency, evidenced by a -$311.6M equity position and a critically low $4.8M cash reserve, suggests an imminent requirement for dilutive financing to maintain operations.

ARMP Growth Metrics

Armata Pharmaceuticals, Inc. (ARMP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years26.29%
5 Years42.9%
3 Years-3.8%
TTM-37.05%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-66241.31%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-1349.63%

Return on Capital

10 Years-86.47%
5 Years-55.56%
3 Years-59.7%
Last Year-58.84%

ARMP Recent Earnings

Armata Pharmaceuticals, Inc. (ARMP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 8/12 qtrs (73%)
Q2 2026Latest
May 13, 2026
Metric
Actual
Est
EPS
$0.39-2.6%
$0.38
Rev
$789,000+6.6%
$740,000
Q2 2026
Mar 31, 2026
Metric
Actual
Est
EPS
$3.16-731.6%
$0.38
Rev
$789,000+6.6%
$740,000
Q2 2026
Mar 25, 2026
Metric
Actual
Est
EPS
$0.51-168.4%
$0.19
Rev
$1M+48.6%
$740,000
Q4 2025
Nov 12, 2025
Metric
Actual
Est
EPS
$0.42+0.0%
$0.42
Rev
$1M+56.6%
$740,000
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 13, 2026
$0.39vs $0.38-2.6%
$789,000vs $740,000+6.6%
Q2 2026Mar 31, 2026
$3.16vs $0.38-731.6%
$789,000vs $740,000+6.6%
Q2 2026Mar 25, 2026
$0.51vs $0.19-168.4%
$1Mvs $740,000+48.6%
Q4 2025Nov 12, 2025
$0.42vs $0.42+0.0%
$1Mvs $740,000+56.6%
Based on last 12 quarters of dataView full earnings history →

Latest ARMP News

Recent stock market news and headlines for Armata Pharmaceuticals, Inc. (ARMP)

PRNewsWire·Jun 23, 2026
Armata Pharmaceuticals Receives $2.5 Million of Additional Non-Dilutive Award Funding from the U.S. Department of Defense to Support AP-SA02

Supports Phase 3 readiness of AP-SA02 Non-dilutive DoD funding totals $28.7M to date LOS ANGELES, June 23, 2026 /PRNewswire/ -- Armata Pharmaceuticals, Inc. (NYSE American: ARMP) ("Armata" or the "Company"), a late clinical-stage biotechnology company focused on the development of high-purity, pathogen-specific bacteriophage therapeutics for the treatment of antibiotic-resistant and difficult-to-treat bacterial infections, today announced that it has received an additional $2.5 million of non-dilutive funding pursuant to a previously announced Department of Defense (DoD) award, received through the Medical Technology Enterprise Consortium (MTEC) and managed by the Naval Medical Research Command (NMRC) – Naval Advanced Medical Development (NAMD) with funding from the Defense Health Agency and Joint Warfighter Medical Research Program. The award, which now totals $28.7 million, supports the development of Armata's lead clinical candidate AP-SA02, for adjunct treatment of complicated Staphylococcus aureus ("S.

Peers Comparison

Key metrics vs top competitors for Armata Pharmaceuticals, Inc. (ARMP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ARMP logoARMPArmata Pharmaceuticals, Inc.Current
$5.44$199.71M-1.13-5.22%-3544.03%——
PHGE logoPHGEBiomX Inc.
$0.30$786.35M-0.01——-694.46%—
LSTA logoLSTALisata Therapeutics, Inc.
$3.35$30.51M-1.75-83%-9618.24%-103.54%—
SIGA logoSIGASIGA Technologies, Inc.
$3.75$268.97M11.36-31.8%21.61%10.62%—
ACXP logoACXPAcurx Pharmaceuticals, Inc.
$1.58$2.5M-0.30——-153.93%—
INNV logoINNVInnovAge Holding Corp.
$12.11$1.64B-55.0511.76%-2.35%-8.18%—

Compare ARMP vs Peers

Armata Pharmaceuticals, Inc. (ARMP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PHGE

Most directly comparable listed peer for ARMP.

Scale Benchmark

vs MRNA

Larger-name benchmark to compare ARMP against a more recognizable public peer.

Peer Set

Compare Top 5

vs PHGE, LSTA, SIGA, ACXP

ARMP SEC Filings & Documents

Armata Pharmaceuticals, Inc. (ARMP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 13, 2026·SEC

Material company update

May 7, 2026·SEC

Material company update

Apr 27, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 25, 2026·SEC

FY 2025

Mar 21, 2025·SEC

FY 2024

Mar 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 13, 2026·SEC

FY 2025

Nov 12, 2025·SEC

FY 2025

Aug 12, 2025·SEC

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ARMP Frequently Asked Questions

Armata Pharmaceuticals, Inc. (ARMP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Armata Pharmaceuticals, Inc.'s revenue?

Armata Pharmaceuticals, Inc. (ARMP) reported $3.0M in revenue for fiscal year 2025. This represents a 2858% increase from $0.1M in 1993.

How fast is Armata Pharmaceuticals, Inc. growing?

Armata Pharmaceuticals, Inc. (ARMP) saw revenue decline by 5.2% over the past year.

Is ARMP profitable?

Armata Pharmaceuticals, Inc. (ARMP) reported a net loss of $282.6M for fiscal year 2025.

Dividend & Returns
What is Armata Pharmaceuticals, Inc.'s free cash flow?

Armata Pharmaceuticals, Inc. (ARMP) had negative free cash flow of $24.5M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in ARMP back in 1993?

Total return calculator · dividends reinvested · 33+ years of data

See returns →