Financial health
- The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
AARD Financials Aardvark Therapeutics, Inc.
2 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $0 | -$58M | — | — | -$54M | — | $47M |
| 2024 | — | -$21M | — | — | -$18M | — | $62M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $0 | -$22M | — | — | — | — | $62M |
| Dec '25 | $0 | -$18M | — | — | -$17M | — | $47M |
| Sep '25 | $0 | -$16M | — | — | -$16M | — | $39M |
| Jun '25 | $0 | -$14M | — | — | -$10M | — | $26M |
| Mar '25 | $0 | -$9M | — | — | -$11M | — | $27M |
| Dec '24 | — | -$9M | — | — | -$8M | — | $62M |
| Sep '24 | — | -$4M | — | — | -$4M | — | — |
| Jun '24 | — | -$5M | — | — | -$4M | — | — |
| Mar '24 | — | -$2M | — | — | -$2M | — | — |
Frequently asked questions
Is AARD growing its revenue and profit?
See the revenue and net-income charts above for Aardvark Therapeutics, Inc.'s multi-year trend.
How much debt does AARD have?
As of FY2025, Aardvark Therapeutics, Inc. reported — of total debt against $47M of cash.
What is AARD's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.