What is Ardelyx's accrued medical affairs expenses?

Ardelyx (ARDX) reported accrued medical affairs expenses of $2.54M in Q4 2025.

What does accrued medical affairs expenses mean?

Accrued liabilities for activities related to medical education, clinical trial support, and engagement with healthcare professionals. These expenses are essential for establishing the clinical profile and scientific credibility of a company's therapeutic products. Tracking these accruals provides insight into the company's investment in medical communication and post-market clinical evidence generation.

Ardelyx ARDX Accrued medical affairs expenses

Accrued medical affairs expenses at other companies

BillionToOne, Inc. BLLN

$224K—

Schering-PloughSGP

$2.18M+70.2%

Nuvalent, Inc.NUVL

$58.92M+20.6%

Madrigal Pharmaceuticals, Inc.MDGL

$34.33M+87.9%

Praxis Precision Medicines, Inc.PRAX

$17.65M+13.5%

Spyre Therapeutics, Inc.SYRE

$29.16M+34.8%

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$1.5B+75.8%

Enterprise value$1.67B+71.5%

P/S3.5×+1.1×

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 ardx:AccruedMedicalAffairsExpensesCurrent.

The official record: Ardelyx’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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What is Ardelyx's accrued medical affairs expenses?: Ardelyx (ARDX) reported accrued medical affairs expenses of $2.54M in Q4 2025.
What does accrued medical affairs expenses mean?: Accrued liabilities for activities related to medical education, clinical trial support, and engagement with healthcare professionals. These expenses are essential for establishing the clinical profile and scientific credibility of a company's therapeutic products. Tracking these accruals provides insight into the company's investment in medical communication and post-market clinical evidence generation.