Ardelyx Inc (ARDX) financials
Ardelyx revenue and earnings by year
Ardelyx's revenue was $407 million in the fiscal year to December 31, 2025, up 22.1% from the year before. Net income was -$61.6 million, -15.1% of revenue. Since the fiscal year to December 31, 2017, revenue has grown 32.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 9 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 407 | 334 | 124 | 52 | 10 | 8 | 5 | 3 | 42 |
| Revenue growth | 22.1% | 168.1% | 138.6% | 416.6% | 33.4% | 43.4% | 102.6% | -93.8% | — |
| Gross profit | 368 | 283 | 107 | 48 | 9 | 7 | 5 | 2 | 34 |
| Gross margin | 90.3% | 84.8% | 85.7% | 92.1% | 90.1% | 98.1% | 88.6% | 82.1% | 80.0% |
| Operating income | -41 | -28 | -63 | -64 | -154 | -91 | -91 | -91 | -65 |
| Operating margin | -10.1% | -8.4% | -50.8% | -122.2% | -1528.6% | -1199.0% | -1728.1% | -3488.6% | -155.0% |
| Net income | -62 | -39 | -66 | -67 | -158 | -94 | -95 | -91 | -64 |
| Net margin | -15.1% | -11.7% | -53.1% | -128.9% | -1566.5% | -1245.7% | -1797.8% | -3502.0% | -153.2% |
| Diluted EPS | -$0.26 | -$0.17 | -$0.30 | -$0.42 | -$1.52 | -$1.05 | -$1.47 | -$1.62 | -$1.36 |
| Free cash flow | -44 | -46 | -90 | -72 | -154 | -82 | -77 | -71 | -68 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open ARDX in Markets.
How Ardelyx makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product IBSRELA | $86.2M | 71.3% |
| Product XPHOZAH | $31.9M | 26.4% |
| Product Supply Revenue | $1.98M | 1.6% |
| Non Cash Royalty Related To Sale Of Future Royalties | $676K | 0.6% |
| License | $96.0K | 0.1% |
See also: ARDX returns
No forecast, no recommendation. This page describes Ardelyx Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.