What is Ardelyx's gross margin?

Ardelyx (ARDX) reported gross margin of 92.5% in Q1 2026.

How has Ardelyx's gross margin changed year-over-year?

Ardelyx's gross margin increased by 9.4% year-over-year, from 84.6% to 92.5%.

What is the long-term trend for Ardelyx's gross margin?

Over 5 years (2020 to 2025), Ardelyx's gross margin has grown at a -1.6% compound annual growth rate (CAGR), from 98.1% to 90.3%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Ardelyx ARDX Gross margin

Gross margin at other companies

AmgenAMGN

68.3%+5.3pp

AbbVieABBV

70.7%0.0pp

XER

Xeris Biopharma Holdings, Inc.XERS

85.9%+3.7pp

Neurocrine BiosciencesNBIX

98.2%-0.3pp

Aurinia PharmaceuticalsAUPH

89.7%+1.5pp

Agios PharmaceuticalsAGIO

90%+2.5pp

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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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

Calculated from Ardelyx’s reported figures.

gross profit/total revenue=92.5%

Based on trailing twelve months.

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 gross margin?: Ardelyx (ARDX) reported gross margin of 92.5% in Q1 2026.
How has Ardelyx's gross margin changed year-over-year?: Ardelyx's gross margin increased by 9.4% year-over-year, from 84.6% to 92.5%.
What is the long-term trend for Ardelyx's gross margin?: Over 5 years (2020 to 2025), Ardelyx's gross margin has grown at a -1.6% compound annual growth rate (CAGR), from 98.1% to 90.3%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.