ARDELYX, INC.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $120.9M | $94.5M | $125.2M | $110.3M | $97.7M | $74.1M | $116.1M | $98.2M |
| Cost of Revenue | $5.8M | $4.8M | $10.8M | $4.0M | $12.4M | $12.3M | $18.3M | $15.7M |
| Gross Profit | $115.1M | $89.7M | $114.4M | $106.3M | $85.3M | $61.8M | $97.9M | $82.5M |
| Gross Margin | 95.2% | 94.9% | 91.3% | 96.4% | 87.3% | 83.4% | 84.3% | 84.0% |
| Operating Expenses | ||||||||
| Research & Development | $26.1M | $20.2M | $22.9M | $18.1M | $15.7M | $14.9M | $13.7M | $15.3M |
| SG&A Expense | $101.4M | $102.3M | $86.4M | $83.6M | $84.0M | $83.2M | $76.1M | $65.0M |
| Operating Income | $-12.4M | $-32.8M | $5.1M | $4.7M | $-14.4M | $-36.3M | $8.1M | $2.2M |
| Operating Margin | -10.3% | -34.7% | 4.1% | 4.2% | -14.7% | -49.0% | 7.0% | 2.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-16.6M | $-37.6M | $-400.0K | $-867.0K | $-19.1M | $-40.3M | $4.7M | $-766.0K |
| Income Tax Expense | $110.0K | $8.0K | $7.0K | $102.0K | $1.0K | $859.0K | $35.0K | $43.0K |
| Net Income | $-16.7M | $-37.6M | $-407.0K | $-969.0K | $-19.1M | $-41.1M | $4.6M | $-809.0K |
| Net Margin | -13.8% | -39.8% | -0.3% | -0.9% | -19.5% | -55.5% | 4.0% | -0.8% |
| EPS (Basic) | $-0.07 | $-0.15 | $-0.01 | $0.00 | $-0.08 | $-0.17 | $0.01 | $0.00 |
| EPS (Diluted) | $-0.07 | $-0.15 | $-0.01 | $0.00 | $-0.08 | $-0.17 | $0.01 | $0.00 |
| Shares Outstanding (Basic) | 248.1M | 245.9M | 241.0M | 241.9M | 239.9M | 238.6M | 235.2M | 235.9M |
| Shares Outstanding (Diluted) | 248.1M | 245.9M | 241.0M | 241.9M | 239.9M | 238.6M | 235.2M | 235.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |