Ardelyx, Inc. (ARDX)

NASDAQ: ARDX · Real-Time Price · USD

3.310

-0.080 (-2.36%)

At close: Oct 6, 2026, 4:00 PM EDT

3.320

+0.010 (0.30%)

Pre-market: Oct 7, 2026, 4:02 AM EDT

Ardelyx Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	450.89	407.32	333.62	124.46	52.16	10.1
Revenue Growth	16.77%	22.09%	168.06%	138.61%	416.57%	33.36%
Gross Profit	338.28	296.26	230.74	71.13	12.84	-79.34
Operating Income	-35.45	-40.98	-27.95	-63.28	-63.76	-148.15
Net Income	-55.7	-61.6	-39.14	-66.07	-67.21	-158.17
Earnings Per Share	-0.23	-0.26	-0.17	-0.30	-0.42	-1.52
EPS Growth	-	-	-	-	-	-

Revenue by Geography

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
United States	377.81	319.2	83.28	15.6	-
Asia Pacific	29.17	14.34	41.12	36.53	10.08
North America	0.34	0.08	0.06	0.03	0.01
Total	407.32	333.62	124.46	52.16	10.1

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	281.83	264.69	250.1	184.3	123.91	116.69
Total Debt	282.51	233.83	178.97	76.16	47.71	45.5
Net Cash (Debt)	-0.68	30.86	71.14	108.14	76.2	71.19
Net Cash Growth	-	-56.62%	-34.22%	41.92%	7.04%	-47.38%
Net Cash Per Share	-0.00	0.13	0.30	0.49	0.48	0.68

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-17.32	-42.48	-44.81	-89.72	-70.04	-152.55
Capital Expenditures	-0.6	-1.49	-1.01	-0.34	-0.06	-1.87
Free Cash Flow	-17.92	-43.98	-45.82	-90.06	-70.1	-154.42
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	75.02%	72.73%	69.16%	57.15%	24.62%	-
Operating Margin	-7.86%	-10.06%	-8.38%	-50.84%	-122.24%	-1467.23%
Pretax Margin	-12.30%	-14.89%	-11.65%	-52.65%	-128.84%	-1566.42%
Profit Margin	-12.35%	-15.12%	-11.73%	-53.09%	-128.85%	-1566.45%
FCF Margin	-3.97%	-10.80%	-13.73%	-72.36%	-134.40%	-1529.35%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 7, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Forward PE	132.40	115.22	20.85	20.85	20.85	20.85
PS Ratio	1.83	3.48	3.60	11.56	10.24	12.28