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Ardelyx ARDX Licensing revenue — Effective interest rate

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Other financials

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

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Market cap$1.2B-4.0%
Enterprise value$1.36B-0.6%
P/S2.7×-0.6×

Profitability

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Gross margin94.4%+9.6pp
Operating margin-25.4%
Net margin-12.4%
FCF margin-40.9%

Returns & leverage

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

Where this comes from

Reported directly by Ardelyx in its filing.

Tagged under the XBRL concept ardx:ContractWithCustomerLiabilityAmortizationEffectiveInterestRatePercent.

The source filing: Ardelyx’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:12 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001437402-26-000044
($ in thousands)20262025
Deferred royalty obligation balance as of January 1,$25,876$25,527
Non-cash interest expense related to the sale of future royalties2,5844,290
Royalty and commercialization milestone payments remitted to HCR(2,143)(2,056)
Deferred royalty obligation balance as of June 30,$26,317$27,761
Effective interest rate as of June 30,19.6%33.5%

Item 1. Financial Statements (Unaudited)

FAQ

What is Ardelyx's licensing revenue — effective interest rate?
Ardelyx (ARDX) reported licensing revenue — effective interest rate of 19.6% in Q2 2026.
How has Ardelyx's licensing revenue — effective interest rate changed year-over-year?
Ardelyx's licensing revenue — effective interest rate decreased by 41.5% year-over-year, from 33.5% to 19.6%.
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.

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