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Ardelyx ARDX R&D credit carryforward

R&D credit carryforward at other companies

Mineralys Therapeutics, Inc. logo
Mineralys Therapeutics, Inc.MLYS
$21.17M+37.6%

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%
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 us-gaap:DeferredTaxAssetsTaxCreditCarryforwardsResearch.

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

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Questions, answered.

What is Ardelyx's r&d credit carryforward?
Ardelyx (ARDX) reported r&d credit carryforward of $17.11M in Q4 2025.
How has Ardelyx's r&d credit carryforward changed year-over-year?
Ardelyx's r&d credit carryforward increased by 10.2% year-over-year, from $15.53M to $17.11M.
What is the long-term trend for Ardelyx's r&d credit carryforward?
Over 5 years (2020 to 2025), Ardelyx's r&d credit carryforward has grown at a 7.8% compound annual growth rate (CAGR), from $11.78M to $17.11M.
What does r&d credit carryforward mean?
The value of accumulated research and development tax credits that the company can apply to reduce future tax liabilities. These carryforwards are significant assets for biotechnology firms that often incur losses during the development phase. They represent potential future cash flow savings once the company achieves sustained profitability.