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Ardelyx

ARDX

Ardelyx is a commercial-stage biopharmaceutical company specializing in the discovery, development, and commercialization of first-in-class small molecule therapies.

Market cap
$875.26M-41.3%
Revenue$450.9M+16.8%
Net income-$55.7M+28.1%
Free cash flow-$103.5M-20.6%
EPS (diluted)-$0.23+8.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 29, 2026 (in a month)
Revenue estimate$129.2M
EPS estimate-$0.03

Financials

Q2 2026

Income statement

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Revenue$120.9M+23.8%
Gross profit$115.1M+35.0%
Operating income-$12.4M+13.7%
Net income-$16.7M+12.4%
EPS (diluted)-$0.07+12.5%

Balance sheet

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Cash & equivalents$97.2M+7.9%
Total debt$256.2M+24.0%
Total equity$149.0M+6.8%
Total assets$575.9M+23.4%

Cash flow

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Operating cash flow-$6.4M+74.7%
CapEx$13.0K-98.0%
Free cash flow-$6.4M+75.3%

Valuation & ratios

Valuation

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Market cap$875.26M-41.3%
Enterprise value$1.03B-35.7%
P/S1.9×-1.9×

Profitability

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Gross margin94.4%+9.6pp
Net margin-12.4%

Returns & leverage

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Return on equity-38.6%
Debt / equity1.7×+0.2×
Current ratio3.3×-1.0×

Segments

By product

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IBSRELA$86.2M+32.6%
XPHOZAH$31.9M+27.4%
Product supply revenue$2.0M-68.1%
Non-cash royalty revenue related to the sale of future royalties$676.0K-51.0%
Licensing revenue$96.0K+380%

By segment

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Reportable Segment$120.9M+23.8%

Competitors

Profile

Ardelyx is a commercial-stage biopharmaceutical company specializing in the discovery, development, and commercialization of first-in-class small molecule therapies. The company focuses on addressing significant unmet medical needs in gastrointestinal and renal health through its proprietary sodium/hydrogen exchanger 3 (NHE3) inhibitor platform.

Competitive position

Ardelyx maintains a unique position as a provider of first-in-class NHE3 inhibitors, offering a novel mechanism of action compared to traditional secretagogues and phosphate binders.

GeographiesUnited States
Customer segmentsSpecialty healthcare providers, Chronic disease patients, Healthcare systems
Business modelDirect-to-market product sales, Research and development, Licensing and collaborations
SuppliersSmall molecule manufacturing, Clinical research organizations, Raw material suppliers
CustomersSpecialty pharmacies, Wholesale drug distributors, Dialysis clinics, Hospitals
Listed2014
Employees267.0
CEOMichael G. Raab
FilingsSEC EDGAR

FAQ

What is Ardelyx's market cap?
Ardelyx (ARDX) has a market capitalization of $875.3M and trades on NASDAQ.
What is Ardelyx's revenue and profitability?
Ardelyx generated $450.9M in trailing twelve-month revenue with a net loss of $55.7M, representing a net margin of -12.4%. Gross margin stands at 94.4%, with free cash flow of -$103.5M. The latest reported period is Q2 2026.
Who are Ardelyx's competitors?
Ardelyx's key competitors include Ironwood Pharmaceuticals, Inc., Bausch Health Companies Inc., AbbVie Inc., and others. These companies compete in similar markets and product categories.
Who does Ardelyx partner with?
Ardelyx's notable partners include SLR Investment Corp., HealthCare Royalty Partners.
Where is Ardelyx headquartered?
Ardelyx is headquartered in United States of America and employs approximately 267 people. It has been publicly traded since 2014.