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ARDELYX, INC. ARDX

Nasdaq · stock · Pharmaceutical Preparations · website · IPO 2014-06-19 · LEI

ARDELYX, INC. statistics & valuation

Market cap$1.4B
P / S3.4×
P / B8.2×
Net margin-15.1%
Return on equity-36.9%
FCF margin-10.8%
Net debt$134.8M
Enterprise value USD$1.5B
Earnings yield EBIT/EV-2.7%
Return on capital-9.9%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-153.20% -3502.00% -1797.80% -1245.70% -1566.50% -128.90% -53.10% -11.70% -15.10% 2016201720182019202020212022202320242025
Gross margin (%)
80.00% 82.10% 88.60% 2016201720182019202020212022202320242025
Operating margin (%)
-155.00% -3488.60% -1728.10% -1199.00% -1528.60% -122.20% -50.80% -8.40% -10.10% 2016201720182019202020212022202320242025
Return on equity (%)
-58.20% -46.20% -78.80% -50.90% -74.80% -191.40% -68.30% -39.60% -22.60% -36.90% 2016201720182019202020212022202320242025
Shares outstanding
47.3M 47.5M 62.5M 88.8M 93.6M 130.2M 198.6M 232.5M 238.0M 244.4M 2016201720182019202020212022202320242025
Net debt ($)
-$26.8M -$131.1M -$40.2M -$40.2M -$69.4M $28.4M $85.9M $134.8M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-52.70% -40.70% -49.80% -36.50% -46.80% -105.50% -35.40% -22.20% -9.00% -12.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-160.80% -2707.50% -1454.40% -1079.90% -1529.30% -134.40% -72.40% -13.70% -10.80% 2016201720182019202020212022202320242025
Debt / equity (×)
0.45× 0.27× 0.40× 0.39× 0.27× 0.30× 0.87× 1.21× 2016201720182019202020212022202320242025
EPS ($)
-$1.47 -$1.05 -$1.52 -$0.42 -$0.30 -$0.17 -$0.26 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin——————88.6%82.1%80.0%—
Operating margin-10.1%-8.4%-50.8%-122.2%-1528.6%-1199.0%-1728.1%-3488.6%-155.0%—
Net margin-15.1%-11.7%-53.1%-128.9%-1566.5%-1245.7%-1797.8%-3502.0%-153.2%—
FCF margin-10.8%-13.7%-72.4%-134.4%-1529.3%-1079.9%-1454.4%-2707.5%-160.8%—
Return on assets-12.3%-9.0%-22.2%-35.4%-105.5%-46.8%-36.5%-49.8%-40.7%-52.7%
Return on equity-36.9%-22.6%-39.6%-68.3%-191.4%-74.8%-50.9%-78.8%-46.2%-58.2%
Debt / equity1.21×0.87×0.30×0.27×0.39×0.40×0.27×0.45×——
Current ratio4.314.584.882.342.536.8511.349.958.3810.62

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.