14 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 →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $407M | -$62M | 90.3% | -10.1% | -$44M | $203M | $68M |
| 2024 | $334M | -$39M | 84.8% | -8.4% | -$46M | $151M | $65M |
| 2023 | $124M | -$66M | 85.7% | -50.8% | -$90M | $50M | $21M |
| 2022 | $52M | -$67M | 92.1% | -122.2% | -$70M | $27M | $96M |
| 2021 | $10M | -$158M | 90.1% | -1528.6% | -$154M | $32M | $72M |
| 2020 | $8M | -$94M | 0.0% | -1199.0% | -$82M | $51M | $91M |
| 2019 | $5M | -$95M | 88.6% | -1728.1% | -$77M | $50M | $181M |
| 2018 | $3M | -$91M | 82.1% | -3488.6% | -$71M | $52M | $79M |
| 2017 | $42M | -$64M | 80.0% | -155.0% | -$68M | — | $75M |
| 2016 | — | -$112M | — | — | -$97M | — | $75M |
| 2015 | — | -$30M | — | — | -$75M | — | $107M |
| 2014 | — | -$3M | — | — | — | — | $107M |
| 2013 | — | -$7M | — | — | — | — | $34M |
| 2012 | — | -$10M | — | — | — | — | $33M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $94M | -$38M | 94.9% | -34.7% | -$32M | $204M | $31M |
| Dec '25 | $125M | -$407000 | 91.3% | 4.1% | $21M | $203M | $68M |
| Sep '25 | $110M | -$969000 | 96.4% | 4.2% | $209000 | $202M | $43M |
| Jun '25 | $98M | -$19M | 87.3% | -14.7% | -$26M | $201M | $90M |
| Mar '25 | $74M | -$41M | 83.4% | -49.0% | -$39M | $151M | $31M |
| Dec '24 | $116M | $5M | 84.3% | 7.0% | $9M | $151M | $65M |
| Sep '24 | $98M | -$809000 | 84.0% | 2.3% | $364000 | $101M | $47M |
| Jun '24 | $73M | -$16M | 87.1% | -18.6% | -$20M | $100M | $42M |
| Mar '24 | $46M | -$27M | 84.5% | -53.6% | -$36M | $100M | $36M |
| Dec '23 | $34M | -$29M | 85.2% | -81.4% | -$9M | $50M | $21M |
| Sep '23 | $56M | $7M | 86.4% | 13.1% | -$22M | $27M | $34M |
| Jun '23 | $22M | -$17M | 84.4% | -74.4% | -$15M | $27M | $30M |
| Mar '23 | $11M | -$27M | 86.5% | -229.3% | -$45M | $27M | $92M |
| Dec '22 | $44M | $11M | 92.8% | 27.5% | $14M | $27M | $96M |
| Sep '22 | $5M | -$23M | 85.3% | -438.8% | -$25M | $27M | $62M |
| Jun '22 | $3M | -$27M | 94.5% | -1037.8% | -$31M | $26M | $53M |
| Mar '22 | $468000 | -$28M | 0.0% | -5941.7% | -$28M | $26M | $47M |
| Dec '21 | $1M | -$36M | 0.0% | -3427.9% | -$39M | $32M | $72M |
| Sep '21 | $1M | -$44M | 0.0% | -3600.7% | -$35M | $51M | $75M |
| Jun '21 | $1M | -$45M | 0.0% | -3414.5% | -$35M | $51M | $87M |
How the market has priced ARDX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Ardelyx, Inc.'s revenue has grown 121.9% per year. These are computed facts, not advice.
As of FY2025, Ardelyx, Inc. reported $203M of total debt against $68M of cash; operating income covered interest expense -2.0×.
In FY2025, gross margin was 90.3%, operating margin -10.1%, and net margin -15.2%.
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.