ARDELYX, INC.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $407.3M | $333.6M | $124.5M | $52.2M | $10.1M |
| Operating income | -$41.0M | -$27.9M | -$63.3M | -$63.8M | -$154.3M |
| Cost of revenue | $39.5M | $50.6M | $17.8M | $4.1M | $1.0M |
| Cash from operations | -$42.5M | -$44.8M | -$89.7M | -$70.0M | -$152.6M |
| Capital expenditure | $1.5M | $1.0M | $344,000 | $55,000 | $1.9M |
| Free cash flow | -$44.0M | -$45.8M | -$90.1M | -$70.1M | -$154.4M |
| Impairments | — | — | — | $0 | $0 |
| Total assets | $501.6M | $435.8M | $297.6M | $190.1M | $149.9M |
| Total liabilities | $334.7M | $262.5M | $130.8M | $91.7M | $67.3M |
| Total debt | — | — | $52.5M | $28.9M | $33.0M |
Shares outstanding 247.0M · Free float 94.7%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.