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Ardelyx, Inc.

ARDXHealthcareNASDAQ

Biotechnology

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Financials · Annual
Revenue
$407.3M
+22.1% YoY
Net Income
-$61.6M
-57.4% YoY
EBITDA
-$29.2M
-74.6% YoY
Free Cash Flow
$86,375

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About Ardelyx, Inc.

Ardelyx, Inc. discovers, develops, and commercializes medicines to treat unmet medical needs in the United States and internationally. Valued at $1.49B, ARDX is a small-cap name in its sector. The company offers IBSRELA, a minimally absorbed small molecule therapy for the treatment of patients with irritable bowel syndrome with constipation; and XPHOZAH, a phosphate absorption inhibitor to reduce serum phosphorus in adults with chronic kidney disease on dialysis.

Key stats
Market Cap$1.49B
Fwd P/E11.73
EPS$-0.24
Beta0.61
52W Change+56.9%
ROE-39.5%
Analysis

With $238.1M in cash and $234.1M in debt, ARDX maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company generates $86K in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of -39.5% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $52.2M (2022) to $407.3M (2025), reflecting a 681% increase over the period.

With a beta below 0.7, Ardelyx, Inc. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. No single metric tells the full story. Reviewing ARDX's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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