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Ardelyx ARDX Licensing revenue — Total revenues

Other product segments

IBSRELA
$70.07M+57.8%
XPHOZAH
$23.3M-0.5%
Non-cash royalty revenue related to the sale of future royalties
$695K-32.3%
Product supply revenue
$354K+39.4%

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$5.01M+187%

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+25.5%
Enterprise value$1.71B+27.1%
P/S3.6×+0.2×

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 us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 — total revenues?
Ardelyx (ARDX) reported licensing revenue — total revenues of $51K in Q1 2026.
How has Ardelyx's licensing revenue — total revenues changed year-over-year?
Ardelyx's licensing revenue — total revenues decreased by 99.0% year-over-year, from $5.02M to $51K.
What is the long-term trend for Ardelyx's licensing revenue — total revenues?
Over 4 years (2021 to 2025), Ardelyx's licensing revenue — total revenues has grown at a 0.4% compound annual growth rate (CAGR), from $5.01M to $5.09M.
What does licensing revenue — total revenues mean?
This metric represents the aggregate revenue recognized from licensing agreements within a specific business segment. It reflects the company's ability to monetize its intellectual property and proprietary drug discovery platform through partnerships. Investors use this to gauge the commercial success and recurring nature of licensing-based business models.