What is Ardelyx's free cash flow margin?

Ardelyx (ARDX) reported free cash flow margin of -40.9% in Q2 2024.

What is the long-term trend for Ardelyx's free cash flow margin?

Over 2 years (2020 to 2023), Ardelyx's free cash flow margin has grown at a -74.1% compound annual growth rate (CAGR), from -1,079.9% to -72.4%.

What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

Ardelyx ARDX Free cash flow margin

Free cash flow margin at other companies

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23.1%-8.9pp

Bausch Health CompaniesBHC

9.8%-2.8pp

AbbVieABBV

31.8%+5.0pp

Neurocrine BiosciencesNBIX

26.8%+6.4pp

Agios PharmaceuticalsAGIO

-582.5%-185pp

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%—

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

Calculated from Ardelyx’s reported figures.

free cash flow/total revenue=-40.9%

Based on trailing twelve months.

The official record: Ardelyx’s 10-Q, filed August 4, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ardelyx's free cash flow margin?: Ardelyx (ARDX) reported free cash flow margin of -40.9% in Q2 2024.
What is the long-term trend for Ardelyx's free cash flow margin?: Over 2 years (2020 to 2023), Ardelyx's free cash flow margin has grown at a -74.1% compound annual growth rate (CAGR), from -1,079.9% to -72.4%.
What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.