NASDAQ:ARDX
Ardelyx, Inc.
Ardelyx, Inc.'s revenue grew 22.1% in fiscal 2025 to $407.3M while operating margin fell to −10.1%. Free cash flow was −$44.0M, −10.8% of revenue, and the diluted share count rose 2.5%.Summary generated from Ardelyx, Inc.'s SEC filings. Latest annual report filed Feb 19, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$407.3M
Revenue growth+22.1%
Revenue, 5-yr CAGR+121.9%
Gross margin90.3%
Operating margin−10.1%
Net margin−15.1%
ROIC−11.5%
Return on equity−36.2%
Debt / equity1.21
Free cash flow−$44.0M
FCF margin−10.8%
Share count change+2.5%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 10 | 52 | 124 | 334 | 407 |
| Operating income | −154 | −64 | −63 | −28 | −41 |
| Net income | −158 | −67 | −66 | −39 | −62 |
| Free cash flow | −154 | −70 | −90 | −46 | −44 |
Recent filings
- 4Insider transaction report
Aug 25, 2026 - 4Insider transaction report
Aug 25, 2026 - 8-KOther events
Aug 17, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 6, 2026 - 8-KResults of operations and financial condition
Aug 6, 2026 - 8-KNew financial obligation
Jul 2, 2026 - 8-KDirector or officer change
Jun 17, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
Apr 30, 2026