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    Ardelyx Inc (ARDX)

    Official site

    HEALTHCARE • BIOTECHNOLOGY • NASDAQ

    $3.19
    +0.07 (+2.24%)

    Market Cap: $805.54M

    Last updated: Oct 16, 2026 at 1:54 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    67%(26/39)
    Avg Surprise
    +99.17%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$-0.02
    Range$-0.06 - $0.02
    8 analysts
    EPS RevisionsNo revisions (7d)No revisions (30d)
    EPS Estimate DriftChange to current
    90d ago$0.04-136.3%
    60d ago$0.04-138.9%
    30d ago$-0.02+18.8%
    7d ago$-0.01-9.4%
    Current$-0.02
    Revenue Consensus
    $129M
    Range$120M - $135M
    11 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.02
    Range$-0.05 - $0.11
    8 analysts
    Revenue Consensus
    $146M
    Range$132M - $160M
    11 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$0.02---
    Sep 26EST
    -$-0.02---
    Jun 26
    Reported Aug 6
    $-0.07$-0.05-40.00%Miss+12.5%
    Mar 26
    Reported Apr 30
    $-0.15$-0.14-7.14%Miss+11.8%
    Dec 25
    Reported Feb 19
    $-0.00N/A+91.37%Beat-108.5%
    Sep 25
    Reported Oct 30
    $-0.00N/A+94.29%Beat-17.6%
    Jun 25
    Reported Aug 4
    $-0.08$-0.14+42.86%Beat-14.3%
    Mar 25
    Reported May 1
    $-0.17$-0.07-142.86%Miss-54.5%
    Dec 24
    Reported Feb 20
    $0.02$-0.00+2957.14%Beat+116.7%
    Sep 24
    Reported Oct 31
    $-0.00N/A+93.20%Beat-111.3%
    Jun 24
    Reported Aug 1
    $-0.07$-0.11+36.36%Beat+12.5%
    Mar 24
    Reported May 2
    $-0.11$-0.16+31.25%Beat+15.4%
    Dec 23
    Reported Feb 22
    $-0.12$-0.09-33.33%Miss-300.0%
    Sep 23
    Reported Oct 31
    $0.03N/A+127.27%Beat+121.4%
    Jun 23
    Reported Aug 2
    $-0.08$-0.11+27.27%Beat+57.9%
    Mar 23
    Reported May 3
    $-0.13$-0.10-30.00%Miss+38.1%
    Dec 22
    Reported Mar 2
    $0.06$-0.02+400.00%Beat+119.4%
    Sep 22
    Reported Nov 3
    $-0.14$-0.17+17.65%Beat+66.7%
    Jun 22
    Reported Aug 4
    $-0.19$-0.20+5.00%Beat+57.8%
    Mar 22
    Reported May 5
    $-0.21$-0.23+8.70%Beat+38.2%
    Dec 21
    Reported Feb 28
    $-0.31$-0.30-3.33%Miss+3.1%
    Sep 21
    Reported Nov 12
    $-0.42$-0.35-20.00%Miss-110.0%
    Jun 21
    Reported Aug 13
    $-0.45$-0.37-21.62%Miss-60.7%
    Mar 21
    Reported May 6
    $-0.34$-0.34+0.00%Beat-36.0%
    Dec 20
    Reported Mar 8
    $-0.32$-0.26-23.08%Miss-18.5%
    Sep 20
    Reported Nov 5
    $-0.20$-0.30+33.33%Beat+45.9%
    Jun 20
    Reported Aug 6
    $-0.28$-0.25-12.00%Miss+31.7%
    Mar 20
    Reported May 7
    $-0.25$-0.25+0.00%Beat+40.5%
    Dec 19
    Reported Mar 6
    $-0.27$-0.33+18.18%Beat+40.0%
    Sep 19
    Reported Nov 6
    $-0.37$-0.37+0.00%Beat+5.1%
    Jun 19
    Reported Aug 9
    $-0.41$-0.38-7.89%Miss+2.4%
    Mar 19
    Reported May 7
    $-0.42$-0.39-7.69%Miss-16.7%
    Dec 18
    Reported Mar 6
    $-0.45$-0.41-9.76%Miss-314.3%
    Sep 18
    Reported Nov 7
    $-0.39$-0.43+9.30%Beat+11.4%
    Jun 18
    Reported Aug 7
    $-0.42$-0.44+4.55%Beat+22.2%
    Mar 18
    Reported May 8
    $-0.36$-0.46+21.74%Beat+39.0%
    Dec 17
    Reported Mar 14
    $0.21$-0.41+151.22%Beat+131.8%
    Sep 17
    Reported Nov 7
    $-0.44$-0.54+18.52%Beat-
    Jun 17
    Reported Aug 9
    $-0.54$-0.65+16.92%Beat-
    Mar 17
    Reported May 5
    $-0.59$-0.67+11.94%Beat-
    Dec 16
    Reported Feb 17
    $-0.66$-0.72+8.33%Beat-

    Key Metrics

    Valuation
    P/E Ratio-14.13EV/EBITDAN/A
    Price/FCF-44.16xFCF Yield-2.26%
    Profitability
    Profit Margin-12.30%Operating Margin-10.30%
    ROE-38.60%ROIC-6.68%
    Financial Health
    Debt/Equity1.69xInterest Coverage-0.93x
    Current Ratio3.34xQuick Ratio3.15x
    Trading Statistics
    Beta0.68Avg Volume4.57M
    52-Week High$8.4052-Week Low$3.06

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$3.28
    SMA 20$3.36
    SMA 50$3.67
    SMA 200$5.53
    EMA 10$3.27
    EMA 20$3.37
    EMA 50$3.77
    EMA 200$4.93

    MACD

    Line: -0.15Signal: -0.16Hist: 0.01

    ADX

    ADX: 41.5+DI: 9.5-DI: 23.5

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down100.0
    PSAR$3.37

    Bollinger Bands

    Upper Band$3.60
    Lower Band$3.13
    %B Position1381%(Upper)
    Band Width0.13

    RSI (14-Day)

    Neutral
    32.0

    Momentum Oscillators

    Stoch %K16.5
    Stoch %D16.0
    Williams %R-69.4
    ROC (10d)-6.7%
    Momentum-0.23
    CCI (20d)-144.4
    MFI (14d)26.7

    Volatility Measures

    ATR (14d)$0.13(4.2%)
    StdDev (20d)0.12
    Hist Vol29.8%(Moderate)

    Volume Flow

    VWAP$3.17
    OBV-17.0M
    AD Line-89.2M
    CMF (20d)0.067

    Volume Metrics

    Avg Vol (20d)4.5M
    Vol Ratio1.3x
    VWMA (20d)$3.35

    Pivot Points

    R3$3.30
    R2$3.25
    R1$3.19
    Pivot Point$3.14
    S1$3.07
    S2$3.02
    S3$2.96

    Advanced Oscillators

    TSI-38.45
    Ultimate Osc51.3
    KST-104.19

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$120.88M$94.47M$125.22M$110.33M$97.66M$74.11M$116.13M$98.24M$73.22M$46.02M$34.36M$56.39M
    Cost of Revenue$5.76M$4.81M$10.85M$3.98M$12.40M$12.30M$18.26M$15.73M$9.44M$7.13M$5.08M$7.69M
    Gross Profit$115.12M$89.66M$114.37M$106.35M$85.26M$61.81M$97.86M$82.51M$63.79M$38.90M$29.29M$48.70M
    Operating Expenses$127.54M$122.45M$109.27M$101.68M$99.65M$98.16M$89.74M$80.28M$77.42M$63.57M$57.27M$41.30M
    R&D$26.10M$20.19M$22.86M$18.07M$15.67M$14.94M$13.67M$15.31M$12.76M$10.58M$9.52M$8.64M
    SG&A$101.44M$102.27M$86.41M$83.61M$83.99M$83.22M$76.07M$64.97M$64.65M$52.99M$47.75M$32.66M
    Operating Income$-12,425,000$-32,793,000$5.10M$4.67M$-14,395,000$-36,349,000$8.13M$2.23M$-13,630,000$-24,678,000$-27,986,000$7.40M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$6.22M$6.92M$7.58M$7.98M$6.58M$6.26M$5.85M$5.28M$4.90M$4.06M$2.81M$2.03M
    Income Before Tax$-16,611,000$-37,597,000$-400,000$-867,000$-19,078,000$-40,285,000$4.68M$-766,000$-16,387,000$-26,397,000$-28,469,000$6.83M
    Income Tax Expense$110,000$8,000$7,000$102,000$1,000$859,000$35,000$43,000$67,000$121,000$333,000$200,000
    Net Income$-16,721,000$-37,605,000$-407,000$-969,000$-19,079,000$-41,144,000$4.64M$-809,000$-16,454,000$-26,518,000$-28,802,000$6.63M
    EBITDA$-8,215,000$-28,184,000$10.18M$10.47M$-9,583,000$-31,285,000$13.03M$7.07M$-9,258,000$-20,151,000$-24,175,000$8.33M
    EBIT$-10,387,000$-30,681,000$7.18M$7.12M$-12,503,000$-34,023,000$10.53M$4.51M$-11,485,000$-22,339,000$-25,664,000$8.86M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $19777
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    9
    New Awards (TTM)
    8
    Avg Remaining Term
    N/A

    Top agency: Department of Veterans Affairs at 100.0% of trailing twelve month obligations across 1 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    36C24526N0689Department of Veterans AffairsDepartment of Veterans Affairs$11948Jun 26, 2026
    36C24526N0339Department of Veterans AffairsDepartment of Veterans Affairs$11948Feb 20, 2026
    36C24526N0650Department of Veterans AffairsDepartment of Veterans Affairs$3999Jun 12, 2026
    36C24526N0202Department of Veterans AffairsDepartment of Veterans Affairs$2017Dec 31, 2025
    36C26125F0504Department of Veterans AffairsDepartment of Veterans Affairs$2017Sep 25, 2025
    36C24525N1015Department of Veterans AffairsDepartment of Veterans Affairs$2017Sep 19, 2025
    36C24526N0688Department of Veterans AffairsDepartment of Veterans Affairs$1991Jun 26, 2026
    36C24526N0497Department of Veterans AffairsDepartment of Veterans Affairs$1991Apr 9, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    ARDX Valuation and Fair Value

    P/E
    -14.1x
    Forward P/E
    9.9x
    P/FCF
    -44.2x
    PEG
    -0.1x
    P/B
    5.3x
    See GNG's fair value

    ARDX Profitability: Margins, ROIC and FCF

    Gross margin
    94.4%
    Operating margin
    -10.3%
    Net margin
    -12.3%
    ROIC
    -6.7%
    ROE
    -38.6%
    FCF margin
    -4.0%
    FCF yield
    -2.3%

    ARDX Analyst Ratings

    Consensus
    Buy
    Analysts
    11
    Strong Buy
    1
    Buy
    10
    Hold
    0
    Sell
    0
    Strong Sell
    0

    ARDX Bull Case vs Bear Case

    Bull case

    • ARDX grew quarterly revenue 23.8% year over year.
    • 100.0% of ARDX's analyst ratings are Buy or Strong Buy.

    Bear case

    • ARDX has a -12.3% net profit margin.

    ARDX Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)
    Average surprise
    386.1%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $-0.02
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 0 down

    Frequently Asked Questions About ARDX

    Does ARDX pay dividends?

    Ardelyx Inc (ARDX) does not currently pay a regular dividend.

    What is ARDX's market cap?

    Ardelyx Inc (ARDX) has a market capitalization of $805.54M with a current stock price of $3.19.

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