11 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 →
Growth & profitability
Revenue has declined 5.3% per year over the past 5 years.
Net income has grown slower than revenue (-25.7% vs -5.3% per year).
Operating margin has contracted, at 33.3% in the latest year.
Free cash flow has declined 5.3% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-17.5% vs -5.3% per year).
Operating income covered interest expense 3.0× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$296M
$24M
0.0%
33.3%
$127M
—
$215M
2024
$351M
$880000
0.0%
26.5%
$103M
$199M
$89M
2023
$443M
-$1.0B
0.0%
-213.5%
$183M
$398M
$92M
2022
$411M
$175M
0.0%
61.0%
$274M
$396M
$656M
2021
$414M
$528M
0.0%
56.1%
$262M
$454M
$620M
2020
$390M
$106M
99.2%
36.7%
$167M
$430M
$363M
2019
$428M
$22M
94.4%
28.0%
$4M
—
$177M
2018
$347M
-$282M
90.6%
-43.5%
-$71M
—
$173M
2017
$298M
-$117M
93.6%
-5.2%
-$104M
—
$126M
2016
$274M
-$82M
99.3%
-18.9%
-$30M
—
$54M
2015
—
-$143M
—
—
-$111M
$221M
$261M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$107M
$41M
0.0%
68.1%
—
—
$220M
Dec '25
$48M
-$2M
0.0%
14.3%
$75M
—
$215M
Sep '25
$122M
$40M
0.0%
61.8%
$48M
$200M
$140M
Jun '25
$85M
$24M
0.0%
53.2%
-$15M
$199M
$93M
Mar '25
$41M
-$37M
0.0%
-70.7%
$20M
$199M
$108M
Dec '24
$91M
$2M
0.0%
34.8%
$15M
$199M
$89M
Sep '24
$92M
$4M
0.0%
28.0%
$10M
$199M
$88M
Jun '24
$94M
-$860000
0.0%
26.5%
$33M
$199M
$106M
Mar '24
$75M
-$4M
0.0%
14.7%
$45M
$398M
$122M
Dec '23
$118M
-$1M
0.0%
32.0%
$36M
$398M
$92M
Sep '23
$114M
$15M
0.0%
35.2%
$32M
$397M
$110M
Jun '23
$107M
-$1.1B
0.0%
-1008.7%
$35M
$397M
$175M
Mar '23
$104M
$46M
0.0%
57.8%
$80M
$397M
$740M
Dec '22
$107M
$49M
0.0%
63.8%
$79M
$396M
$656M
Sep '22
$109M
$50M
0.0%
63.0%
$69M
$396M
$574M
Jun '22
$97M
$37M
0.0%
57.2%
$61M
$395M
$504M
Mar '22
$98M
$39M
0.0%
59.3%
$64M
$516M
$593M
Dec '21
$117M
$41M
0.0%
48.3%
$64M
$454M
$620M
Sep '21
$104M
$56M
0.0%
62.8%
—
$448M
$574M
Jun '21
$104M
$391M
0.0%
62.6%
—
$442M
$493M
Valuation over time
How the market has priced IRWD 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.
The price-to-earnings ratio has risen from 9.9× (Mar '23) to 26.4× (Jun '26).
The price-to-sales ratio has fallen from 4.2× (Mar '23) to 2.1× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is IRWD growing its revenue and profit?
Over the past 5 years, Ironwood Pharmaceuticals Inc's revenue has declined 5.3% per year, and net income declined 25.7% per year. These are computed facts, not advice.
How much debt does IRWD have?
As of FY2025, Ironwood Pharmaceuticals Inc reported — of total debt against $215M of cash; operating income covered interest expense 3.0×.
What is IRWD's profit margin?
In FY2025, gross margin was —, operating margin 33.3%, and net margin 8.1%.
What is IRWD's P/E ratio?
As of Jun '26, Ironwood Pharmaceuticals Inc traded at a price-to-earnings ratio of about 26.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
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.