AKEBIA THERAPEUTICS, INC. financials
Source: EDGAR filings · Built 2026-06-02T02:17:12Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 67.70M | -40.69M | -23.38M | -73.27M | -253.02M | -110.70M |
| EBITDA | 24.77M | -12.97M | -8.63M | -79.13M | -262.57M | -375.75M |
| Working Capital | 90.02M | 32.92M | 18.28M | 55.65M | 10.10M | 184.29M |
| Net Debt | -133.05M | -4.23M | 5.20M | 9.32M | -13.42M | -102.40M |
| Gross Margin | 83.29% | 60.56% | 61.90% | 70.74% | 28.81% | -0.62% |
| Operating Margin | 9.95% | -31.51% | -23.77% | -27.62% | -124.97% | -128.23% |
| Net Margin | -2.26% | -43.33% | -26.68% | -32.22% | -133.25% | -130.61% |
| Return on Equity (ROE) | -16.39% | 141.12% | 169.78% | -1801.64% | -381.07% | -157.49% |
| Return on Assets (ROA) | -1.42% | -31.45% | -21.48% | -26.46% | -53.28% | -59.74% |
| Current Ratio | 1.55× | 1.41× | 1.18× | 1.43× | 1.04× | 1.98× |
| Debt-to-Equity | 1.59× | -0.97× | -1.57× | 19.08× | 1.84× | 0.52× |
| Effective Tax Rate | -43.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | -12.72× | 0.59× | 0.45× | 0.78× | 0.90× | 0.29× |
| Accruals Ratio | -0.19× | -0.13× | -0.12× | -0.06× | -0.05× | -0.43× |
| SBC % of Revenue | 4.78% | 4.85% | 4.79% | 6.10% | 10.74% | 8.30% |
| CapEx Coverage | 233.65× | -1232.09× | — | -641.70× | -4287.54× | -348.23× |
| Free Cash Flow Per Share | $0.26 | $-0.19 | $-0.12 | $-0.40 | $-1.52 | $-0.80 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/FCF | 6.11× | — | — | — | — | — |
| FCF Yield | 16.35% | — | — | — | — | — |
| EV / EBITDA | 11.88× | — | — | — | — | — |
| P/S | 1.81× | 2.67× | 1.24× | 0.36× | 1.89× | 1.41× |
| P/B | 13.10× | — | — | 20.31× | 5.41× | 1.70× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 236.20M | 160.18M | 194.62M | 292.48M | 211.65M | 294.64M |
| Cost of Revenue | 39.46M | 63.18M | 74.15M | 85.57M | 150.67M | 296.48M |
| Research and Development Expense | 62.36M | 37.65M | 63.08M | 129.99M | 147.85M | 218.49M |
| Selling, General and Administrative Expense | 107.48M | 106.55M | 100.23M | 138.60M | 174.14M | 154.10M |
| Operating Expenses | 173.24M | 147.47M | 166.73M | 287.69M | 325.48M | 375.99M |
| Operating Income (Loss) | 23.50M | -50.47M | -46.26M | -80.78M | -264.50M | -377.83M |
| Income Tax Expense (Benefit) | 1.62M | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -5.34M | -69.41M | -51.92M | -94.23M | -282.02M | -384.84M |
| Earnings Per Share, Basic | $-0.02 | $-0.33 | $-0.28 | $-0.52 | $-1.70 | $-2.78 |
| Weighted Average Number of Shares Outstanding, Basic | 257.16M | 210.95M | 187.47M | 182.78M | 165.95M | 138.46M |
| Earnings Per Share, Diluted | $-0.02 | $-0.33 | $-0.28 | $-0.52 | $-1.70 | $-2.78 |
| Weighted Average Number of Shares Outstanding, Diluted | 257.16M | 210.95M | 187.47M | 182.78M | 165.95M | 138.46M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 184.84M | 51.87M | 42.92M | 90.47M | 149.80M | 228.70M |
| Assets, Current | 252.96M | 113.83M | 118.15M | 185.18M | 271.15M | 371.44M |
| Assets | 376.56M | 220.67M | 241.70M | 356.05M | 529.35M | 644.14M |
| Long-term Debt | 48.25M | 38.69M | 34.68M | 66.08M | 97.54M | 96.38M |
| Liabilities, Current | 162.94M | 80.91M | 99.87M | 129.54M | 261.05M | 187.15M |
| Long-term Debt, Excluding Current Maturities | 48.25M | 38.69M | 17.18M | 34.08M | 0 | 96.38M |
| Liabilities | 343.95M | 269.86M | 272.29M | 350.82M | 455.34M | 396.52M |
| Stockholders' Equity Attributable to Parent | 32.61M | -49.19M | -30.58M | 5.23M | 74.01M | 244.35M |
| Common Stock, Shares, Outstanding | 265.42M | 224.85M | 194.58M | 184.14M | 177.00M | 148.07M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 67.99M | -40.66M | -23.38M | -73.15M | -252.97M | -110.39M |
| Payments to Acquire Property, Plant, and Equipment | 291.00K | 33.00K | 0 | 114.00K | 59.00K | 317.00K |
| Net Cash Provided by (Used in) Investing Activities | -7.93M | -33.00K | 0 | -114.00K | 39.94M | -40.00M |
| Net Cash Provided by (Used in) Financing Activities | 72.93M | 49.66M | -25.21M | 14.60M | 133.73M | 231.72M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -21.27M | 31.06M | 36.64M | 8.61M | -13.61M | -4.47M |
| EBITDA | -4.37M | -8.23M | — | — | 13.83M | -4.96M |
| Working Capital | 69.60M | 90.02M | 124.96M | 115.94M | 112.56M | 32.92M |
| Net Debt | -111.63M | -133.05M | -113.87M | -83.94M | -59.23M | -4.23M |
| Gross Margin | 77.05% | 78.25% | 84.03% | 84.12% | 86.70% | 56.20% |
| Operating Margin | -8.77% | -14.84% | 7.57% | 22.55% | 23.57% | -30.77% |
| Net Margin | -16.91% | -21.25% | 0.92% | 0.40% | 10.66% | -49.04% |
| Return on Equity (ROE) | -33.07% | -37.55% | 1.30% | 0.85% | 24.86% | 46.36% |
| Return on Assets (ROA) | -2.50% | -3.25% | 0.15% | 0.07% | 1.97% | -10.33% |
| Current Ratio | 1.40× | 1.55× | 1.94× | 1.98× | 2.23× | 1.41× |
| Debt-to-Equity | 1.86× | 1.59× | 1.26× | 1.83× | 2.20× | -0.97× |
| Effective Tax Rate | -1.41% | -8.98% | 53.25% | — | 0.00% | 0.00% |
| Cash Conversion Ratio | 2.34× | -2.54× | 68.26× | 35.46× | -2.22× | 0.20× |
| Accruals Ratio | 0.03× | -0.12× | -0.10× | -0.02× | 0.06× | -0.08× |
| SBC % of Revenue | 6.85% | 5.55% | 13.76% | 7.78% | 3.81% | 3.65% |
| CapEx Coverage | -342.05× | 444.70× | 166.80× | 60.82× | -754.83× | -2233.00× |
| Free Cash Flow Per Share | $-0.08 | $0.12 | $0.13 | $0.03 | $-0.06 | $-0.02 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 53.54M | 57.62M | 58.77M | 62.47M | 57.34M | 46.50M |
| Cost of Revenue | 12.29M | 12.54M | 9.38M | 9.92M | 7.63M | 20.36M |
| Research and Development Expense | 14.81M | 26.65M | 14.94M | 11.01M | 9.75M | 11.79M |
| Selling, General and Administrative Expense | 30.44M | 26.09M | 29.09M | 26.55M | 25.74M | 27.68M |
| Operating Expenses | 45.95M | 53.64M | 44.93M | 38.46M | 36.20M | 40.44M |
| Operating Income (Loss) | -4.70M | -8.55M | 4.45M | 14.09M | 13.51M | -14.31M |
| Income Tax Expense (Benefit) | 126.00K | 1.01M | 615.00K | — | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -9.05M | -12.24M | 540.00K | 247.00K | 6.11M | -22.80M |
| Earnings Per Share, Basic | $-0.03 | $-0.05 | $0.00 | $0.00 | $0.03 | $-0.11 |
| Weighted Average Number of Shares Outstanding, Basic | 267.05M | 257.16M | 264.79M | 262.57M | 235.50M | 210.95M |
| Earnings Per Share, Diluted | $-0.03 | $-0.05 | $0.00 | $0.00 | $0.03 | $-0.11 |
| Weighted Average Number of Shares Outstanding, Diluted | 267.05M | 257.16M | 274.37M | 271.10M | 241.60M | 210.95M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 162.64M | 184.84M | 166.44M | 137.31M | 113.37M | 51.87M |
| Assets, Current | 243.48M | 252.96M | 258.34M | 234.66M | 203.78M | 113.83M |
| Assets | 362.52M | 376.56M | 364.15M | 345.60M | 310.19M | 220.67M |
| Long-term Debt | 48.89M | 48.25M | 47.64M | 47.06M | 46.51M | 38.69M |
| Liabilities, Current | 173.88M | 162.94M | 133.38M | 118.72M | 91.23M | 80.91M |
| Long-term Debt, Excluding Current Maturities | 36.40M | 48.25M | 47.64M | 47.06M | 46.51M | 38.69M |
| Liabilities | 335.14M | 343.95M | 322.56M | 316.37M | 285.60M | 269.86M |
| Stockholders' Equity Attributable to Parent | 27.38M | 32.61M | 41.59M | 29.22M | 24.58M | -49.19M |
| Common Stock, Shares, Outstanding | 267.90M | 265.42M | 265.23M | 263.04M | 261.64M | 224.85M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -21.21M | 31.13M | 36.86M | 8.76M | -13.59M | -4.47M |
| Payments to Acquire Property, Plant, and Equipment | 62.00K | 70.00K | 221.00K | 144.00K | 18.00K | 2.00K |
| Net Cash Provided by (Used in) Investing Activities | -62.00K | -7.88M | -49.00K | 28.00K | 154.00K | -2.00K |
| Net Cash Provided by (Used in) Financing Activities | -926.00K | -4.85M | 77.78M | 76.66M | 74.94M | 22.32M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (AKBA CIK 0001517022),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.