Mad Cave Studios Released January 2026

Phantom, The #4 Variant

This page covers the Variant edition of Phantom, The #4, published by Mad Cave Studios and released January 7, 2026. The issue is written by Ray Fawkes with artwork by Russell Olson. Values and details shown here apply specifically to this edition; first-print pricing and the complete cover gallery are on the main issue page.

View the standard Phantom, The #4 issue

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Published January 2026
Cover Price $4.99
Pages 32
FOC December 1, 2025

DEADLIER THAN A COBRA'S STRIKE! The Phantom has eaten away at the forces of the Singh Brotherhood -- but the soldiers are seemingly endless, and the people of the Bandar village are still under threat. There's an old jungle saying... "The Phantom never dies." Asif Singh will put it to the test. The battle grows desperate in the newest installment of Ray Fawkes and Russell Olson's stylish epic!