arrow_back Back Filing freshness 10-Q FY 2025 SEC EDGAR

download Export Data

ARDELYX, INC.

ARDX

$4.00 ▼ -0.88 (-17.97%) at close

15 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

auto_awesome

Analytical Summary

ARDELYX, INC. faces fundamental challenges with weakness in Return on Common Equity (%) and Profit Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $964.1M

Dividend Yield —

Revenue Growth 22.1% ↘

Op. Margin -10.1% ↘

ROIC -11.3% ↘

FCF / Share $-0.18 ↗

Trailing P/E —

Price / Book 5.9x

FCF Yield —

Debt / Equity 1.21

info Valuation on last close. End-of-day price, Aug 7, 2026.

15-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$407.32M

↑ +22.1% —

Net Income Profit after all expenses

$-61.60M

↓ -57.4% —

Operating Margin Operating profit as % of sales

-10.1%

↓ -20.1% 15th

FCF / Share Free cash flow per share

$-0.18

↑ +6.3% —

Long-Term Debt Long-term obligations

$202.83M

↑ +34.5% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)
Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns ↑

Financial Health ↑

Cash Quality ↓

Financial view

Statement lens

Choose the reporting cadence, isolate a period range, or search directly for a metric.

Cadence

Annual Quarterly

Range

→

📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Revenue Growth YoY (%)	22.1% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+176%)	168.1% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2001%)	138.6% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1633%)	416.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+5107%)	33.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+317%)	43.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+442%)	102.6% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1182%)	-93.8% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1272%)	—	—	-24.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-400%)	9.3% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+16%)	434.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+5334%)	—	—
EPS Growth YoY (%)	-52.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	43.3% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	28.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	72.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-57.4% Weak ↓ Weak Declining Year-over-year change in net income	40.8% Excellent ↑ Excellent Improving Year-over-year change in net income	1.7% Caution ↑ Caution Improving Year-over-year change in net income	57.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-67.7% Weak ↓ Weak Declining Year-over-year change in net income	0.7% Caution ↑ Caution Improving Year-over-year change in net income	-4.0% Weak ↑ Weak Improving Year-over-year change in net income	-41.9% Weak ↑ Weak Improving Year-over-year change in net income	42.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-279.4% Weak ↓ Weak Declining Year-over-year change in net income	-821.6% Weak ↓ Weak Declining Year-over-year change in net income	51.0% Excellent Excellent Year-over-year change in net income	32.9% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	6.3% Fair ↓ Fair Declining Year-over-year change in free cash flow	52.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	7.0% Fair Fair Year-over-year change in free cash flow	70.2% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	98.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	220.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	154.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	114.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	57.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-43.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	—	-52.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	9.9% Fair Fair Compound annual revenue growth over 3 years	—	64.4% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	121.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	129.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	116.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	4.4% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	—	-20.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-30.1% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-38.2% Weak Weak Compound annual revenue growth over 5 years	50.7% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Operating Margin (%) (%)	-10.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-167%)	-8.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-156%)	-50.8% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-439%)	-122.2% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-915%)	—	—	—	—	-155.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1134%)	—	-122.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-915%)	-4.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-133%)	-9.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-166%)	-162.8% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1185%)	—
Effective Tax Rate (%) (%)	-1.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2.2% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—
Profit Margin (%) (%)	-15.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-226%)	-11.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-198%)	-53.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-542%)	-128.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1174%)	—	—	—	—	-153.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1377%)	—	-123.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1127%)	-10.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-185%)	-22.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-289%)	-180.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1607%)	—
FCF Margin (%) (%)	-10.8% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-13.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-72.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-134.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	-160.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—
FCF / Net Income (x)	0.71x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.17x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.36x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.04x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.98x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.87x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	0.81x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.77x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.05x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	0.87x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Return on Invested Capital (%)	-11.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-8.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-29.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-51.0% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-186.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-51.3% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-49.1% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-54.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-47.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-46.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-27.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-2.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	4.6% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	12.1% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-8.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-6.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-21.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-33.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-103.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-45.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-35.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-49.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-41.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-53.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-25.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-1.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	-6.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-36.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-346%)	-22.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-251%)	-39.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-364%)	-68.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-556%)	-191.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1376%)	-74.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-599%)	-50.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-439%)	-78.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-626%)	-46.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-408%)	-58.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-488%)	-27.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-281%)	-5.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-135%)	10.3% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-31%)	17.0% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+14%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Debt to Equity (x)	1.21x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+102%)	0.87x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+45%)	0.30x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-50%)	0.27x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-55%)	—	0.40x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-33%)	—	0.45x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-25%)	—	—	—	—	—	—	—
Interest Coverage (x)	-2.61x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-2.45x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-12.78x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-18.75x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-34.28x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-17.80x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-15.94x Weak Weak Operating income divided by interest expense Optimal: > 5x	-25.73x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	—
Net Debt (USD)	$134.84M	$85.92M	$28.35M	$-69.43M	$-72.43M	$-40.24M	$-181.13M	$-26.79M	$-75.38M	$-74.60M	$-107.00M	$-107.29M	$-34.44M	$-32.90M	$-10.78M
Debt / EBITDA (x)	-5.35x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-5.83x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.80x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.43x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	-0.57x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	-0.59x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Revenue per Share (USD)	$1.69	$1.42	$0.57	$0.33	$0.10	—	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$-0.26	$-0.17	$-0.30	$-0.42	$-1.52	—	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-0.18	$-0.19	$-0.41	$-0.44	$-1.48	—	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$0.68	$0.73	$0.72	$0.50	$0.63	$1.35	$2.10	$1.85	$2.93	$4.08	$4.19	$3.26	$-51.80	—	—
Tangible Book Value per Share (USD)	$0.68	$0.73	$0.72	$0.50	$0.63	$1.35	$2.10	$1.85	$2.93	$4.08	$4.19	$3.26	$-51.80	—	—
Basic Weighted Avg Shares (shares)	241.03M	235.23M	219.33M	158.69M	104.21M	—	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Working Capital (USD)	$293.71M	$278.62M	$195.72M	$88.00M	$80.83M	$166.27M	$229.84M	$158.64M	$131.84M	$184.79M	$104.31M	$89.54M	$24.70M	—	—
LT Debt (USD)	$202.83M	$150.85M	$49.82M	$26.71M	—	$50.79M	—	$51.98M	—	—	—	—	—	—	—
Total Equity (USD)	$166.95M	$173.29M	$166.82M	$98.33M	$82.62M	$126.11M	$186.66M	$115.81M	$139.31M	$193.15M	$108.90M	$60.68M	$-63.48M	$-57.39M	$-48.26M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗
Sales/Revenue/Turnover (USD)	$407.32M	$333.62M	$124.46M	$52.16M	$10.10M	$7.57M	$5.28M	$2.61M	$42.00M	—	$24.03M	$31.62M	$28.93M	$5.41M	—
Depreciation Expense (USD)	$3.06M	$2.06M	$1.29M	$1.14M	$2.81M	$1.82M	$2.50M	$2.68M	$2.64M	$1.29M	$829.00K	$302.00K	—	—	—
Net Income, GAAP (USD)	$-61.60M	$-39.14M	$-66.07M	$-67.21M	$-158.16M	$-94.31M	$-94.94M	$-91.30M	$-64.34M	$-112.39M	$-29.62M	$-3.21M	$-6.56M	$-9.79M	—
Operating Cash Flow (USD)	$-42.48M	$-44.81M	$-89.72M	$-70.04M	$-152.55M	$-81.44M	$-76.48M	$-70.27M	$-65.19M	$-92.53M	—	—	—	—	—

⌨️ Keyboard Shortcuts

/ Search

Esc Clear

A Annual

Q Quarterly

1-7 Jump to category

R Reset

bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 15 years · 55 quarters

ARDELYX, INC.

Analytical Summary

15-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

Compare ARDX with peers