What is Ardelyx's operating margin?

Ardelyx (ARDX) reported operating margin of -25.4% in Q3 2024.

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

Over 2 years (2020 to 2023), Ardelyx's operating margin has grown at a -79.4% compound annual growth rate (CAGR), from -1,199% to -50.8%.

What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

Ardelyx ARDX Operating margin

Operating margin at other companies

AmgenAMGN

28.4%+6.6pp

Bausch Health CompaniesBHC

5.6%-10.3pp

AbbVieABBV

24.4%—

XER

Xeris Biopharma Holdings, Inc.XERS

11.4%+7.7pp

Neurocrine BiosciencesNBIX

25.4%+4.9pp

Aurinia PharmaceuticalsAUPH

41.7%+29.4pp

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

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.

operating income/total revenue=-25.4%

Based on trailing twelve months.

The official record: Ardelyx’s 10-Q, filed October 30, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ardelyx's operating margin?: Ardelyx (ARDX) reported operating margin of -25.4% in Q3 2024.
What is the long-term trend for Ardelyx's operating margin?: Over 2 years (2020 to 2023), Ardelyx's operating margin has grown at a -79.4% compound annual growth rate (CAGR), from -1,199% to -50.8%.
What does operating margin mean?: Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.