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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$296M
$24M
0.0%
33.3%
-9.2%
6.1%
$127M
—
$215M
2024
$351M
$880000
0.0%
26.5%
-0.3%
0.3%
$103M
$199M
$89M
2023
$443M
-$1.0B
0.0%
-213.5%
297.9%
-219.0%
$183M
$398M
$92M
2022
$411M
$175M
0.0%
61.0%
26.8%
15.9%
$274M
$396M
$656M
2021
$414M
$528M
0.0%
56.1%
87.2%
46.9%
$262M
$454M
$620M
2020
$390M
$106M
99.2%
36.7%
169.5%
19.0%
$167M
$430M
$363M
2019
$428M
$22M
94.4%
28.0%
-23.1%
5.3%
$4M
—
$177M
2018
$347M
-$282M
90.6%
-43.5%
143.8%
-85.0%
-$71M
—
$173M
2017
$298M
-$117M
93.6%
-5.2%
-1187.4%
-19.3%
-$104M
—
$126M
2016
$274M
-$82M
99.3%
-18.9%
-122.5%
-11.5%
-$30M
—
$54M
2015
—
-$143M
—
—
-150.0%
-23.0%
-$111M
$221M
$261M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$113M
$51M
0.0%
70.2%
-31.7%
18.0%
—
—
$79M
Mar '26
$107M
$41M
0.0%
68.1%
-18.8%
9.4%
—
—
$220M
Dec '25
$48M
-$2M
0.0%
14.3%
0.9%
-0.6%
$75M
—
$215M
Sep '25
$122M
$40M
0.0%
61.8%
-15.2%
10.1%
$48M
$200M
$140M
Jun '25
$85M
$24M
0.0%
53.2%
-7.7%
6.9%
-$15M
$199M
$93M
Mar '25
$41M
-$37M
0.0%
-70.7%
11.2%
-11.4%
$20M
$199M
$108M
Dec '24
$91M
$2M
0.0%
34.8%
-0.7%
0.6%
$15M
$199M
$89M
Sep '24
$92M
$4M
0.0%
28.0%
-1.2%
0.9%
$10M
$199M
$88M
Jun '24
$94M
-$860000
0.0%
26.5%
0.3%
-0.2%
$33M
$199M
$106M
Mar '24
$75M
-$4M
0.0%
14.7%
1.3%
-0.9%
$45M
$398M
$122M
Dec '23
$118M
-$1M
0.0%
32.0%
0.3%
-0.2%
$36M
$398M
$92M
Sep '23
$114M
$15M
0.0%
35.2%
-4.7%
2.9%
$32M
$397M
$110M
Jun '23
$107M
-$1.1B
0.0%
-1008.7%
307.3%
-176.1%
$35M
$397M
$175M
Mar '23
$104M
$46M
0.0%
57.8%
6.5%
4.0%
$80M
$397M
$740M
Dec '22
$107M
$49M
0.0%
63.8%
7.5%
4.4%
$79M
$396M
$656M
Sep '22
$109M
$50M
0.0%
63.0%
8.5%
4.8%
$69M
$396M
$574M
Jun '22
$97M
$37M
0.0%
57.2%
7.0%
3.8%
$61M
$395M
$504M
Mar '22
$98M
$39M
0.0%
59.3%
7.5%
3.6%
$64M
$516M
$593M
Dec '21
$117M
$41M
0.0%
48.3%
6.8%
3.7%
$64M
$454M
$620M
Sep '21
$104M
$56M
0.0%
62.8%
9.6%
5.2%
—
$448M
$574M
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 23.8× (Nov '26).
The price-to-sales ratio has fallen from 4.2× (Mar '23) to 1.9× (Nov '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?
Ironwood Pharmaceuticals Inc's P/E (TTM) is 4.41 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the IRWD stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 23.8× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.