ARDELYX, INC. financials
Source: EDGAR filings · Built 2026-06-02T02:21:42Z
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 | -43.98M | -45.82M | -90.06M | -70.10M | -154.42M | -81.76M |
| EBITDA | -37.92M | -25.89M | -61.98M | -62.62M | -151.54M | -88.24M |
| Working Capital | 293.71M | 278.62M | 195.72M | 88.00M | 80.83M | 166.27M |
| Net Debt | 139.96M | 88.51M | 34.51M | -59.68M | -26.92M | -37.71M |
| Gross Margin | 90.29% | 84.85% | 85.70% | 92.11% | 90.10% | 98.08% |
| Operating Margin | -10.06% | -8.38% | -50.84% | -122.24% | -1528.63% | -1199.05% |
| Net Margin | -15.12% | -11.73% | -53.08% | -128.85% | -1566.46% | -1245.71% |
| Return on Equity (ROE) | -36.90% | -22.58% | -39.60% | -68.35% | -191.44% | -74.79% |
| Return on Assets (ROA) | -12.28% | -8.98% | -22.20% | -35.36% | -105.50% | -46.79% |
| Current Ratio | 4.31× | 4.58× | 4.88× | 2.34× | 2.53× | 6.85× |
| Debt-to-Equity | 1.25× | 0.89× | 0.34× | 0.37× | 0.55× | 0.42× |
| Effective Tax Rate | -1.60% | -0.68% | -0.83% | -0.01% | -0.00% | -0.00% |
| Cash Conversion Ratio | 0.69× | 1.15× | 1.36× | 1.04× | 0.96× | 0.86× |
| Accruals Ratio | -0.04× | 0.01× | 0.08× | 0.01× | -0.04× | -0.06× |
| SBC % of Revenue | 12.02% | 11.20% | 10.87% | 20.61% | 119.23% | 139.78% |
| CapEx Coverage | -28.47× | -44.32× | -260.81× | -1273.53× | -81.71× | -251.34× |
| Free Cash Flow Per Share | $-0.18 | $-0.19 | $-0.41 | $-0.44 | $-1.48 | $-0.91 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 407.32M | 333.62M | 124.46M | 52.16M | 10.10M | 7.57M |
| Cost of Goods and Services Sold | 39.54M | 50.56M | 17.80M | 4.12M | 1.00M | — |
| Cost of Revenue | — | — | — | 4.12M | 1.00M | 145.00K |
| Research and Development Expense | 71.53M | 52.32M | 35.54M | 35.20M | 91.14M | 65.05M |
| Selling, General and Administrative Expense | 337.23M | 258.69M | 134.40M | 76.60M | 72.30M | — |
| Operating Income (Loss) | -40.98M | -27.95M | -63.28M | -63.76M | -154.35M | -90.78M |
| Income Tax Expense (Benefit) | 969.00K | 266.00K | 547.00K | 8.00K | 4.00K | 2.00K |
| Net Income (Loss) Attributable to Parent | -61.60M | -39.14M | -66.07M | -67.21M | -158.16M | -94.31M |
| Earnings Per Share, Basic | $-0.26 | $-0.17 | $-0.30 | $-0.42 | $-1.52 | $-1.05 |
| Weighted Average Number of Shares Outstanding, Basic | 241.03M | 235.23M | 219.33M | 158.69M | 104.21M | 89.58M |
| Earnings Per Share, Diluted | $-0.26 | $-0.17 | $-0.30 | $-0.42 | $-1.52 | $-1.05 |
| Weighted Average Number of Shares Outstanding, Diluted | 241.03M | 235.23M | 219.33M | 158.69M | 104.21M | 89.58M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 68.00M | 64.93M | 21.47M | 96.14M | 72.43M | 91.03M |
| Assets, Current | 382.32M | 356.45M | 246.11M | 153.60M | 133.65M | 194.69M |
| Assets | 501.60M | 435.75M | 297.58M | 190.07M | 149.91M | 201.56M |
| Long-term Debt | 202.83M | 150.85M | 49.82M | 26.71M | 32.26M | 50.79M |
| Liabilities, Current | 88.61M | 77.83M | 50.39M | 65.60M | 52.82M | 28.42M |
| Liabilities | 334.65M | 262.46M | 130.76M | 91.74M | 67.30M | 75.45M |
| Stockholders' Equity Attributable to Parent | 166.95M | 173.29M | 166.82M | 98.33M | 82.62M | 126.11M |
| Common Stock, Shares, Outstanding | 244.35M | 238.02M | 232.45M | 198.58M | 130.18M | 93.60M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -42.48M | -44.81M | -89.72M | -70.04M | -152.55M | -81.44M |
| Payments to Acquire Property, Plant, and Equipment | 1.49M | 1.01M | 344.00K | 55.00K | 1.87M | 324.00K |
| Net Cash Provided by (Used in) Investing Activities | -8.96M | -18.32M | -131.25M | 18.41M | 50.95M | -31.44M |
| Net Cash Provided by (Used in) Financing Activities | 54.51M | 106.59M | 146.29M | 75.34M | 83.00M | 22.78M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -32.31M | 20.59M | -64.56M | -64.77M | -38.78M | 9.22M |
| EBITDA | -31.88M | 6.02M | — | — | -35.75M | 8.64M |
| Working Capital | 272.30M | 293.71M | 284.60M | 269.85M | 236.85M | 278.62M |
| Net Debt | 177.06M | 139.96M | 164.90M | 116.60M | 124.30M | 88.51M |
| Gross Margin | 94.91% | 91.34% | 96.39% | 87.30% | 83.40% | 84.27% |
| Operating Margin | -34.71% | 4.07% | 4.23% | -14.74% | -49.04% | 7.00% |
| Net Margin | -39.80% | -0.33% | -0.88% | -19.54% | -55.51% | 4.00% |
| Return on Equity (ROE) | -25.30% | -0.24% | -0.63% | -13.67% | -28.24% | 2.68% |
| Return on Assets (ROA) | -7.45% | -0.08% | -0.20% | -4.09% | -10.03% | 1.07% |
| Current Ratio | 3.49× | 4.31× | 4.41× | 4.30× | 4.12× | 4.58× |
| Debt-to-Equity | 1.40× | 1.25× | 1.35× | 1.48× | 1.06× | 0.89× |
| Effective Tax Rate | -0.02% | -1.75% | -11.76% | -0.01% | -2.13% | 0.75% |
| Cash Conversion Ratio | 0.86× | -51.48× | 65.46× | 3.34× | 0.93× | 2.11× |
| Accruals Ratio | -0.01× | -0.04× | 0.13× | 0.10× | -0.01× | -0.01× |
| SBC % of Revenue | 14.99% | 9.94% | 33.10% | 24.34% | 16.31% | 8.49% |
| CapEx Coverage | -467.20× | 58.04× | -56.09× | -65.43× | -118.33× | 16.54× |
| Free Cash Flow Per Share | $-0.13 | $0.09 | $-0.27 | $-0.27 | $-0.16 | $0.04 |
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 | 94.47M | 125.22M | 110.33M | 97.66M | 74.11M | 116.13M |
| Cost of Goods and Services Sold | 4.81M | 10.85M | 3.98M | 12.40M | 12.30M | 18.26M |
| Research and Development Expense | 20.19M | 22.86M | 18.07M | 15.67M | 14.94M | 13.67M |
| Selling, General and Administrative Expense | 102.27M | 86.41M | 83.61M | 83.99M | 83.22M | 76.07M |
| Operating Income (Loss) | -32.79M | 5.10M | 4.67M | -14.39M | -36.35M | 8.13M |
| Income Tax Expense (Benefit) | 8.00K | 7.00K | 102.00K | 1.00K | 859.00K | 35.00K |
| Net Income (Loss) Attributable to Parent | -37.60M | -407.00K | -969.00K | -19.08M | -41.14M | 4.64M |
| Earnings Per Share, Basic | $-0.15 | $-0.01 | $0.00 | $-0.08 | $-0.17 | $0.02 |
| Weighted Average Number of Shares Outstanding, Basic | 245.86M | 241.03M | 241.91M | 239.93M | 238.62M | 235.23M |
| Earnings Per Share, Diluted | $-0.15 | $-0.01 | $0.00 | $-0.08 | $-0.17 | $0.02 |
| Weighted Average Number of Shares Outstanding, Diluted | 245.86M | 241.03M | 241.91M | 239.93M | 238.62M | 235.23M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 31.21M | 68.00M | 42.72M | 90.05M | 30.81M | 64.93M |
| Assets, Current | 381.87M | 382.32M | 367.99M | 351.57M | 312.69M | 356.45M |
| Assets | 504.51M | 501.60M | 486.17M | 466.77M | 410.19M | 435.75M |
| Long-term Debt | 203.52M | 202.83M | 202.14M | 201.45M | 151.30M | 150.85M |
| Liabilities, Current | 109.57M | 88.61M | 83.39M | 81.72M | 75.84M | 77.83M |
| Liabilities | 355.88M | 334.65M | 331.89M | 327.24M | 264.52M | 262.46M |
| Stockholders' Equity Attributable to Parent | 148.62M | 166.95M | 154.28M | 139.53M | 145.68M | 173.29M |
| Common Stock, Shares, Outstanding | 246.97M | 244.35M | 242.97M | 240.77M | 239.20M | 238.02M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -32.24M | 20.95M | -63.43M | -63.80M | -38.46M | 9.81M |
| Payments to Acquire Property, Plant, and Equipment | 69.00K | 361.00K | 1.13M | 975.00K | 325.00K | 593.00K |
| Net Cash Provided by (Used in) Investing Activities | -9.99M | 3.78M | -12.73M | 37.77M | 2.85M | -41.62M |
| Net Cash Provided by (Used in) Financing Activities | 5.44M | 557.00K | 53.95M | 51.14M | 1.48M | 49.31M |
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 (ARDX CIK 0001437402),
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.