Ardelyx, Inc.

Ardelyx, Inc.

ARDXยทNASDAQ

$5.43

-1.5%
HealthcareBiotechnology

Ardelyx, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines to treat gastrointestinal and cardiorenal therapeutic areas in the United States and internationally. The company's lead product candidate is tenapanor, which has completed Phase III clinical trial for the treatment of patients with irritable bowel syndrome with constipation, as well as in Phase III clinical trial to control serum phosphorus in adult patients with chronic kidney disease (CKD)on dialysis, or hyperphosphatemia. It is also developing RDX013, a potassium secretagogue, for the treatment of elevated serum potassium, or hyperkalemia, a problem among certain patients with kidney and/or heart disease; and RDX020, an early-stage program in metabolic acidosis, a serious electrolyte disorder in patients with CKD. The company has agreements with Kyowa Kirin in Japan, Fosun Pharmaceutical Industrial Development Co. Ltd. in China, and Knight Therapeutics, Inc. in Canada for the development and commercialization of tenapanor in their respective territories. The company was formerly known as Nteryx, Inc. and changed its name to Ardelyx, Inc. in June 2008. Ardelyx, Inc. was incorporated in 2007 and is headquartered in Waltham, Massachusetts.

At a Glance

Live Snapshot
Market Cap$1.34B
EPS-0.2600
P/E Ratio-20.90
Earnings Date08/03/2026
3Y-39.0%
5Y-48.0%
10Y-54.0%
3Y-149.0%
5Y-72.0%
10Y-93.0%
3Y-28.0%
5Y+139.0%
10Y-71.0%
ARDX

Ardelyx, Inc. Cash Conversion Engine

ARDX ยท NASDAQ
Net Income-61.60M
Depreciation & Amortization3.06M
Stock-Based Compensation48.96M
Change in Working Capital-31.35M
Others-1.55M
Capital Expenditures-1.49M
Free Cash Flow-43.98M

Cash Flow Quality Analysis

FCF Conversion Rate

71.4%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

-3.5%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+4.0%

Flat FCF growth. Stable but not expandingโ€”monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$31.35M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

Ardelyx, Inc. Cash Flow Statement

ARDX โ€ข NASDAQ

Ardelyx, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
OPERATING ACTIVITIES
-61.6M
-39.1M
-66.1M
-67.2M
-158.2M
-94.3M
-94.9M
-91.3M
-64.3M
-112.4M
-29.6M
-3.2M
-6.6M
-9.8M
3.1M
2.1M
1.3M
1.1M
1.4M
1.8M
2.5M
2.7M
2.6M
1.3M
829K
302K
592K
675K
0.0
0.0
0.0
0.0
-190K
315K
-262K
-1M
11K
-86K
65K
0.0
0.0
0.0
49M
37.4M
13.5M
10.8M
12M
10.6M
9.9M
9.2M
9.6M
5.3M
2.6M
1.7M
352K
473K
-1.6M
4.1M
4.9M
4.8M
4.2M
3.4M
3.3M
792K
567K
540K
458K
1.6M
3.5M
950K
(0.0)
(266K)
(51K)
(6K)
(4K)
(1K)
(2K)
(4K)
(3K)
(0.0)
(69K)
(0.0)
(160K)
(0.0)
-31.4M
-49.2M
-43.4M
-19.6M
-11.9M
-3.2M
3M
9.4M
-13.7M
12.8M
-46.2M
13M
3.9M
29.7M
-42.5M
-44.8M
-89.7M
-70M
-152.6M
-81.4M
-76.5M
-70.3M
-65.2M
-92.5M
-71.8M
13.4M
1.8M
22M
INVESTING ACTIVITIES
-1.5M
-1M
-344K
-55K
-1.9M
-324K
-325K
-311K
-2.4M
-4.9M
-3.5M
-1.9M
-278K
-128K
(0.0)
(0.0)
(0.0)
(0.0)
-52.8M
(31.4M)
-23.7M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-218.9M
-195.2M
-215.2M
-50.3M
-72.7M
-150.9M
-102.7M
-169M
-84M
-133.8M
(0.0)
(0.0)
(0.0)
(0.0)
211.5M
177.9M
84.3M
67M
125.6M
119.7M
126.4M
139.5M
151.7M
7.6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.8M
52.8M
-31.4M
23.7M
-29.6M
67.6M
-126.2M
0.0
0.0
0.0
0.0
-9M
-18.3M
-131.2M
(18.4M)
(50.9M)
-31.4M
(23.4M)
-29.9M
(65.3M)
-131.1M
-3.5M
-1.9M
-278K
-128K
FINANCING ACTIVITIES
5.8M
8.1M
119.2M
71.6M
101.1M
21M
154.9M
53.8M
0.0
190.6M
74.3M
61.2M
-2K
-20K
48.7M
99.5M
22.4M
-6.1M
-19.4M
-125K
0.0
49.3M
0.0
0.0
0.0
0.0
0.0
0.0
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-2K
-2K
-20K
0.0
-1M
4.7M
9.8M
1.3M
1.9M
574K
491K
685K
631K
689K
69K
0.0
290K
54.5M
106.6M
146.3M
75.3M
83M
22.8M
155.5M
103.6M
685K
191.2M
75M
61.3M
-1K
270K
CASH FLOW SUMMARY
3.1M
43.5M
-74.7M
23.7M
-18.6M
-90.1M
102.4M
3.4M
785K
-32.4M
-282K
72.9M
1.5M
22.1M
64.9M
21.5M
96.1M
72.4M
91M
181.1M
78.8M
75.4M
74.6M
107M
107.3M
34.4M
32.9M
10.8M
68M
64.9M
21.5M
96.1M
72.4M
91M
181.1M
78.8M
75.4M
74.6M
107M
107.3M
34.4M
32.9M
-44M
-45.8M
-90.1M
-70.1M
-154.4M
-81.8M
-76.8M
-70.6M
-67.5M
-97.4M
-75.3M
11.5M
1.5M
21.9M

SEC Filings

ARDX - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

April 30, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 30, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 29, 2026
June 16, 2026
2026
10-K

10-K 2025 FY

FY

February 19, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 19, 2026
February 19, 2026
2026
8-K

8-K 2026

N/A

January 08, 2026
January 08, 2026
2026
8-K

8-K 2025

N/A

December 17, 2025
December 17, 2025
2025
10-Q

10-Q 2025 Q3

Q3

October 30, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

October 30, 2025
October 30, 2025
2025
8-K

8-K 2025

N/A

October 14, 2025
October 13, 2025
2025
Showing 1 to 10 of 222 filings