Ardelyx, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $407.3M | $333.6M | $124.5M | $52.2M | $10.1M | $7.6M | $5.3M | $2.6M |
| Cost of Revenue | $39.5M | $50.6M | $17.8M | $4.1M | $1.0M | $145.0K | $600.0K | $466.0K |
| Gross Profit | $367.8M | $283.1M | $106.7M | $48.0M | $9.1M | $7.4M | $4.7M | $2.1M |
| Gross Margin | 90.3% | 84.8% | 85.7% | 92.1% | 90.1% | 98.1% | 88.6% | 82.1% |
| Operating Expenses | ||||||||
| Research & Development | $71.5M | $52.3M | $35.5M | $35.2M | $91.1M | $65.1M | $71.7M | $69.4M |
| SG&A Expense | $337.2M | $258.7M | $134.4M | $76.6M | $72.3M | $33.2M | $24.3M | $23.7M |
| Operating Income | $-41.0M | $-28.0M | $-63.3M | $-63.8M | $-154.3M | $-90.8M | $-91.3M | $-90.9M |
| Operating Margin | -10.1% | -8.4% | -50.8% | -122.2% | -1,528.6% | -1,199.0% | -1,728.1% | -3,488.6% |
| Interest Expense | — | — | $5.0M | $3.4M | $4.5M | $5.1M | $5.7M | $3.5M |
| Pretax Income | $-60.6M | $-38.9M | $-65.5M | $-67.2M | $-158.2M | $-94.3M | $-94.6M | $-91.3M |
| Income Tax Expense | $969.0K | $266.0K | $547.0K | $8.0K | $4.0K | $2.0K | $303.0K | $4.0K |
| Net Income | $-61.6M | $-39.1M | $-66.1M | $-67.2M | $-158.2M | $-94.3M | $-94.9M | $-91.3M |
| Net Margin | -15.1% | -11.7% | -53.1% | -128.9% | -1,566.5% | -1,245.7% | -1,797.8% | -3,502.0% |
| EPS (Basic) | $-0.26 | $-0.17 | $-0.30 | $-0.42 | $-1.52 | $-1.05 | $-1.47 | $-1.62 |
| EPS (Diluted) | $-0.26 | $-0.17 | $-0.30 | $-0.42 | $-1.52 | $-1.05 | $-1.47 | $-1.62 |
| Shares Outstanding (Basic) | 241.0M | 235.2M | 219.3M | 158.7M | 104.2M | 89.6M | 64.5M | 62.5M |
| Shares Outstanding (Diluted) | 241.0M | 235.2M | 219.3M | 158.7M | 104.2M | 89.6M | 64.5M | 62.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |