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Other financials

Income statement

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Revenue$113.0M+32.6%
Operating income$79.3M+75.0%
Net income$51.3M+117%
EPS (diluted)$0.31+121%

Balance sheet

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Cash & equivalents$79.1M-14.8%
Total debt$11.9M-94.4%
Total equity-$161.8M+47.5%
Total assets$285.1M-16.9%

Cash flow

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Operating cash flow$58.3M
CapEx-
Free cash flow$74.6M+390%

Valuation

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Market cap$669.22M+395%
Enterprise value$601.96M+135%
P/E5.2×
P/S1.7×+1.3×

Profitability

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Gross margin99.2%
Operating margin60.1%+36.4pp
Net margin33.4%+31.1pp
FCF margin24.7%-11.1pp

Returns & leverage

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Return on equity29.7%-138pp
Debt / equity-0.5×
Current ratio6.1×+5.2×

Where this comes from

Reported directly by Ironwood Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Ironwood Pharmaceuticals’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-091987
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Collaborative arrangements revenue$113,041$85,239$219,547$126,382
Total revenues113,04185,239219,547126,382
Costs and expenses:
Research and development22,42123,37344,36150,805
Selling, general and administrative11,31316,79523,34641,055
Restructuring, net(250)(40)18,309
Total costs and expenses33,73439,91867,667110,169
Income from operations79,30745,321151,88016,213

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Ironwood Pharmaceuticals's R&D?
Ironwood Pharmaceuticals (IRWD) reported R&D of $22.42M in Q2 2026.
How has Ironwood Pharmaceuticals's R&D changed year-over-year?
Ironwood Pharmaceuticals's R&D decreased by 4.1% year-over-year, from $23.37M to $22.42M.
What is the long-term trend for Ironwood Pharmaceuticals's R&D?
Over 4 years (2021 to 2025), Ironwood Pharmaceuticals's R&D has grown at a 7.8% compound annual growth rate (CAGR), from $70.41M to $95.14M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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