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Ardelyx ARDX Licensing revenue — Effective interest rate

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DLBLicensing — Revenue from contract with customer, licensing percent
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INBXLicense fee revenue — Revenue recognized related to performance obligation
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Other financials

Income statement

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Revenue$94.5M+27.5%
Gross profit$89.7M+45.1%
Operating income-$32.8M+9.8%
Net income-$37.6M+8.6%
EPS (diluted)-$0.15+11.8%

Balance sheet

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Cash & equivalents$31.2M+1.3%
Total debt$208.3M+34.3%
Total equity$148.6M+2.0%
Total assets$504.5M+23.0%

Cash flow

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Operating cash flow-$32.2M+16.2%
CapEx$69.0K-78.8%
Free cash flow-$32.3M+16.7%

Valuation

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Market cap$1.53B+79.5%
Enterprise value$1.71B+74.8%
P/S3.6×+1.2×

Profitability

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Gross margin92.5%+7.9pp
Operating margin-25.4%
Net margin-13.6%
FCF margin-40.9%

Returns & leverage

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Return on equity-39.5%
Debt / equity1.4×+0.3×
Current ratio3.5×-0.6×

Where this comes from

Reported directly by Ardelyx in its filing.

Tagged under the XBRL concept ardx:ContractWithCustomerLiabilityAmortizationEffectiveInterestRatePercent.

The official record: Ardelyx’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ardelyx's licensing revenue — effective interest rate?
Ardelyx (ARDX) reported licensing revenue — effective interest rate of 20.4% in Q1 2026.
How has Ardelyx's licensing revenue — effective interest rate changed year-over-year?
Ardelyx's licensing revenue — effective interest rate decreased by 37.2% year-over-year, from 32.5% to 20.4%.
What does licensing revenue — effective interest rate mean?
This metric represents the effective interest rate applied to the amortization of deferred revenue or contract liabilities associated with licensing agreements. It reflects the accounting treatment of long-term performance obligations and the time value of money inherent in multi-year licensing deals. A stable or predictable rate is essential for accurate revenue recognition modeling.