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AK

Akebia Therapeutics, Inc.

AKBAHealthcareNASDAQ

Drug Manufacturers - Specialty & Generic

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Financials · Annual
Revenue
$236.2M
+47.5% YoY
Net Income
-$5.3M
+92.3% YoY
EBITDA
$21.7M
+258.3% YoY
Free Cash Flow
$65.8M

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About Akebia Therapeutics, Inc.

Headquartered within the healthcare sector, Akebia Therapeutics, Inc. focuses on Drug Manufacturers - Specialty & Generic services and products. Akebia Therapeutics, Inc., a biopharmaceutical company, focuses on the development and commercialization of therapeutics for patients with kidney diseases. The $281.7M market capitalization puts AKBA squarely in micro-cap range for its industry. Its product portfolio includes Vafseo (vadadustat), an oral hypoxia-inducible factor prolyl hydroxylase, for the treatment of anemia due to chronic kidney disease (CKD) in dialysis-dependent (DD) and non-dialysis dependent (NDD) patients; and Auryxia, a ferric citrate that is used to control the serum phosphorus levels in adult patients with DD-CKD and the treatment of iron deficiency anemia in adult patients with NDD-CKD.

Key stats
Market Cap$281.7M
Fwd P/E-5.53
EPS$-0.08
Beta0.35
52W Change-65.3%
ROE-79.0%
Analysis

The company holds $162.6M in cash, though total debt stands at $197.5M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow comes in at $65.8M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of -79.0% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.0% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $292.5M (2022) to $236.2M (2025), a 19% decline worth watching.

The relatively low beta of 0.35 suggests AKBA is a less volatile holding compared to the broader index. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing AKBA.

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