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Ardelyx ARDX Product sales, net — Total revenues

Other product segments

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XPHOZAH
$31.89M+27.4%
Product supply revenue
$1.98M-68.1%
Non-cash royalty revenue related to the sale of future royalties
$676K-51.0%
Licensing revenue
$96K+380%

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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 us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenues
Product sales, net$118,129$90,077$211,502$157,891
Product supply revenue1,9766,1852,3306,439
Licensing revenue96201475,040
Non-cash royalty revenue related to the sale of future royalties6761,3801,3712,406
Total revenues120,87797,662215,350171,776
Costs and operating expenses
Cost of sales5,75912,40310,57024,706

Item 1. Financial Statements (Unaudited)

FAQ

What is Ardelyx's product sales, net — total revenues?
Ardelyx (ARDX) reported product sales, net — total revenues of $118.13M in Q2 2026.
How has Ardelyx's product sales, net — total revenues changed year-over-year?
Ardelyx's product sales, net — total revenues increased by 31.1% year-over-year, from $90.08M to $118.13M.
What does product sales, net — total revenues mean?
This metric represents the total net revenue generated from the sale of pharmaceutical products after accounting for returns, allowances, and rebates. It serves as a primary indicator of market adoption and commercial success for the company's therapeutic portfolio. Tracking this figure allows investors to assess the growth trajectory and revenue-generating capacity of the company's core commercial assets.

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