ARDELYX, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-16.7M | $-37.6M | $-407.0K | $-969.0K | $-19.1M | $-41.1M | $4.6M | $-809.0K |
| Depreciation & Amortization | $604.0K | $915.0K | $921.0K | $905.0K | $631.0K | $602.0K | $515.0K | $544.0K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $15.3M | $14.2M | $12.4M | $12.7M | $11.7M | $12.1M | $9.9M | $9.1M |
| Net Cash from Operating Activities | $-6.4M | $-32.2M | $21.0M | $365.0K | $-25.3M | $-38.5M | $9.8M | $501.0K |
| Investing Activities | ||||||||
| Capital Expenditures | $13.0K | $69.0K | $361.0K | $156.0K | $650.0K | $325.0K | $593.0K | $137.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $22.7M | $-10.0M | $3.8M | $-50.5M | $34.9M | $2.9M | $-41.6M | $2.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $49.7M | $5.4M | $557.0K | $2.8M | $49.7M | $1.5M | $49.3M | $2.7M |
| Net Change in Cash | $66.0M | $-36.8M | $25.3M | $-47.3M | $59.2M | $-34.1M | $17.5M | $5.5M |
| Free Cash Flow | $-6.4M | $-32.3M | $20.6M | $209.0K | $-26.0M | $-38.8M | $9.2M | $364.0K |