What is Ardelyx's quick ratio?

Ardelyx (ARDX) reported quick ratio of 2.5× in Q1 2026.

How has Ardelyx's quick ratio changed year-over-year?

Ardelyx's quick ratio decreased by 17.0% year-over-year, from 3× to 2.5×.

What is the long-term trend for Ardelyx's quick ratio?

Over 5 years (2020 to 2025), Ardelyx's quick ratio has grown at a -14.5% compound annual growth rate (CAGR), from 6.9× to 3.1×.

What does quick ratio mean?

Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.

Ardelyx ARDX Quick ratio

Quick ratio at other companies

AmgenAMGN

1×+0.1×

Bausch Health CompaniesBHC

1×0.0×

AbbVieABBV

0.7×0.0×

XER

Xeris Biopharma Holdings, Inc.XERS

1.5×+0.3×

Eton Pharmaceuticals, Inc.ETON

0.9×-0.6×

Neurocrine BiosciencesNBIX

2.9×-0.2×

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+79.5%

Enterprise value$1.71B+74.8%

P/S3.6×+1.2×

Profitability

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Gross margin92.5%+7.9pp

Operating margin-25.4%—

Net margin-13.6%—

FCF margin-40.9%—

Returns & leverage

See full

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.

quick assets/total current liabilities=2.5×

Based on the most recent quarter.

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 quick ratio?: Ardelyx (ARDX) reported quick ratio of 2.5× in Q1 2026.
How has Ardelyx's quick ratio changed year-over-year?: Ardelyx's quick ratio decreased by 17.0% year-over-year, from 3× to 2.5×.
What is the long-term trend for Ardelyx's quick ratio?: Over 5 years (2020 to 2025), Ardelyx's quick ratio has grown at a -14.5% compound annual growth rate (CAGR), from 6.9× to 3.1×.
What does quick ratio mean?: Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.