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Aardvark Therapeutics, Inc.

AARD

Aardvark Therapeutics is a clinical-stage biopharmaceutical company focused on developing novel, small-molecule therapeutics that activate innate homeostatic pathways to treat metabolic diseases.

Market cap
$115.33M-69.0%
Net income-$69.9M-152%
EPS (diluted)-$3.21+39.6%
Trailing twelve months · change vs. prior year

Earnings

Q2 2026 report

August 11, 2026

Next report

Nov 12, 2026 (in a month)
EPS estimate-$0.74

Financials

Q1 2026

Income statement

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Revenue-—
Operating income-$22.5M-115%
Net income-$21.6M-132%
EPS (diluted)-$0.99-39.4%

Balance sheet

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Cash & equivalents$62.4M+136%
Total debt$336.0K-53.7%
Total equity$87.0M-42.3%
Total assets$98.6M-37.2%

Cash flow

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Operating cash flow-$18.9M-65.7%

Valuation & ratios

Valuation

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Market cap$115.33M-69.0%
Enterprise value$53.23M-81.9%

Returns & leverage

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Return on equity-58.8%—
Debt / equity0×0.0×
Current ratio8.1×-17.8×

Competitors

Profile

Aardvark Therapeutics is a clinical-stage biopharmaceutical company focused on developing novel, small-molecule therapeutics that activate innate homeostatic pathways to treat metabolic diseases. The company primarily targets Bitter Taste Receptors (TAS2Rs) in the gut to induce the secretion of endogenous signaling molecules like CCK and GLP-1, aiming to alleviate hunger and treat conditions such as Prader-Willi Syndrome and obesity.

Competitive position

Aardvark is a pioneer in targeting TAS2Rs for hunger-associated conditions, currently managing a voluntary clinical pause for its lead candidate while maintaining a proprietary position in gut-restricted small molecules.

GeographiesUnited States, Canada, United Kingdom, South Korea, Australia
Customer segmentsRare disease patients, Metabolic disorder patients
Business modelR&D intensive, Biopharmaceutical drug development
SuppliersContract Manufacturing Organizations (CMOs), Contract Research Organizations (CROs), Raw material suppliers
CustomersSpecialty pharmacies, Hospitals, Healthcare providers, Third-party payors
Listed2025
CEOTien-Li Lee
FilingsSEC EDGAR

FAQ

What is Aardvark Therapeutics, Inc.'s market cap?
Aardvark Therapeutics, Inc. (AARD) has a market capitalization of $115.3M and trades on NASDAQ.
Who are Aardvark Therapeutics, Inc.'s competitors?
Aardvark Therapeutics, Inc.'s key competitors include Rhythm Pharmaceuticals, Relmada Therapeutics, Bright Minds Biosciences Inc., and others. These companies compete in similar markets and product categories.
Who does Aardvark Therapeutics, Inc. partner with?
Aardvark Therapeutics, Inc.'s notable partners include Decheng Capital.
What subsidiaries does Aardvark Therapeutics, Inc. have?
Aardvark Therapeutics, Inc.'s subsidiaries include Artisan Therapeutics, Inc., Ardia Therapeutics, Inc..
Where is Aardvark Therapeutics, Inc. headquartered?
Aardvark Therapeutics, Inc. is headquartered in United States of America. It has been publicly traded since 2025.