ARDX - Ardelyx, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$17.00
DETAILS
HIGH:
$19.00
LOW:
$15.00
MEDIAN:
$17.00
CONSENSUS:
$17.00
UPSIDE:
178.23%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 407.3 | 333.6 | 124.5 | 52.2 | 10.1 | 7.6 | 5.3 | 2.6 | 42 | 24.0 | 24.0 | 31.6 | 28.9 | 5.4 |
| Cost of Revenue | 42.6 | 50.6 | 17.8 | 4.1 | 1 | 0.1 | 0.6 | 0.5 | 8.4 | 1.3 | 0.8 | 25.9 | 28.1 | 1.9 |
| Gross Profit | 364.7 | 283.1 | 106.7 | 48.0 | 9.1 | 7.4 | 4.7 | 2.1 | 33.6 | 22.7 | 23.2 | 5.7 | 0.8 | 3.5 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 68.5 | 52.3 | 35.5 | 35.2 | 91.1 | 65.1 | 71.7 | 69.4 | 75.5 | 94.2 | 39.9 | 25.9 | 28.1 | 10.2 |
| SG&A Expenses | 337.2 | 258.7 | 134.4 | 76.6 | 72.3 | 33.2 | 24.3 | 23.7 | 23.2 | 18.7 | 13.5 | 7.3 | 3.7 | 4.0 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | (0.3) | (1.6) | (0.1) | (0.0) |
| Operating Expenses | 405.7 | 311.0 | 169.9 | 111.8 | 163.4 | 98.2 | 95.9 | 93.1 | 98.7 | 112.9 | 53.4 | 33.2 | 31.8 | 14.2 |
| Operating Income | ||||||||||||||
| Operating Income | (41.0) | (27.9) | (63.3) | (63.8) | (154.3) | (90.8) | (91.3) | (90.9) | (65.1) | (112.9) | (29.4) | (1.6) | (2.9) | (8.8) |
| Interest Expense | 28.4 | 20.1 | 8.9 | 5.1 | 4.5 | 5.1 | 5.7 | 3.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||
| EBITDA | (37.9) | (16.7) | (55.4) | (61.0) | (150.9) | (85.2) | (84.6) | (85.1) | (60.5) | (111.6) | (28.6) | (1.3) | (2.3) | (8.1) |
| EBIT | (41.0) | (18.8) | (56.6) | (62.1) | (153.7) | (89.2) | (88.9) | (87.8) | (63.2) | (112.9) | (29.4) | (1.6) | (2.9) | (8.8) |
| Income Before Tax | (60.6) | (38.9) | (65.5) | (67.2) | (158.2) | (94.3) | (94.6) | (91.3) | (63.2) | (112.4) | (29.6) | (3.1) | (6.4) | (9.8) |
| Income Tax Expense | 1.0 | 0.3 | 0.5 | 0.0 | 0.0 | 0.0 | 0.3 | 0.0 | 1.2 | 0.0 | (0.0) | 0.1 | 0.1 | 0 |
| Net Income | (61.6) | (39.1) | (66.1) | (67.2) | (158.2) | (94.3) | (94.9) | (91.3) | (64.3) | (112.4) | (29.6) | (3.2) | (6.6) | (9.8) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | -0.26 | -0.17 | -0.30 | -0.42 | -1.52 | -1.05 | -1.47 | -1.62 | -1.36 | -2.80 | -1.29 | -0.17 | -0.49 | -0.73 |
| EPS (Diluted) | -0.26 | -0.17 | -0.30 | -0.42 | -1.52 | -1.05 | -1.47 | -1.62 | -1.36 | -2.80 | -1.29 | -0.17 | -0.49 | -0.73 |
| Shares Outstanding | 241.0 | 235.2 | 219.3 | 158.7 | 104.2 | 89.6 | 64.5 | 56.2 | 47.4 | 40.1 | 22.9 | 18.5 | 13.3 | 13.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 68.0 | 64.9 | 21.5 | 96.1 | 72.4 | 91.0 | 181.1 | 78.8 | 75.4 | 74.6 |
| Short-Term Investments | 196.7 | 185.2 | 162.8 | 27.8 | 44.3 | 95.5 | 66.4 | 89.3 | 58.6 | 126.2 |
| Net Receivables | 71.8 | 57.7 | 22.0 | 7.7 | 0.5 | 0 | 0.8 | 5.1 | 10.8 | 0 |
| Inventory | 17.7 | 21.2 | 12.4 | 3.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 28.0 | 11.1 | 8.4 | 5.1 | 0.0 | 0 | 0 | 0 | 0 | 3.2 |
| Total Current Assets | 382.3 | 356.5 | 246.1 | 153.6 | 133.6 | 195.2 | 252.4 | 177.7 | 149.9 | 204.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 7.0 | 3.9 | 6.6 | 10.5 | 15.1 | 4.2 | 7.4 | 5.6 | 8.0 | 9.0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 2.1 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 112.3 | 75.4 | 44.9 | 25.9 | 1.1 | 0 | 0 | 0 | 0 | 0.1 |
| Total Non-Current Assets | 119.3 | 79.3 | 51.5 | 36.5 | 16.3 | 6.3 | 7.4 | 5.6 | 8.0 | 9.1 |
| Total Assets | 501.6 | 435.8 | 297.6 | 190.1 | 149.9 | 201.6 | 259.8 | 183.3 | 157.9 | 213.1 |
| Current Liabilities | ||||||||||
| Account Payables | 19.2 | 16 | 11.1 | 10.9 | 4.3 | 5.6 | 2.2 | 1.1 | 3.9 | 5.6 |
| Short-Term Debt | 1.5 | 0 | 0 | 26.7 | 32.3 | 6.3 | 3.8 | 0 | 0 | 0 |
| Deferred Revenue | 1.2 | 10.7 | 7.2 | 4.2 | 0 | 4.2 | 4.5 | 1 | 0 | 0 |
| Other Current Liabilities | 66.7 | 49.6 | 15.0 | 10.1 | 1.2 | 5.2 | 4.6 | 12.9 | 10.7 | 10.4 |
| Total Current Liabilities | 88.6 | 77.8 | 50.4 | 65.6 | 52.8 | 28.4 | 22.2 | 17.7 | 17.9 | 19.2 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 206.5 | 150.9 | 49.8 | 0 | 0 | 46.6 | 48.8 | 49.2 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | (3.6) | 25.5 | 20.2 | 11.3 | 4.7 | 0 | 0 | 0.6 | 0.7 | 0.8 |
| Total Non-Current Liabilities | 246.1 | 184.6 | 80.4 | 26.1 | 14.5 | 47.0 | 50.9 | 49.8 | 0.7 | 0.8 |
| Total Liabilities | 334.7 | 262.5 | 130.8 | 91.7 | 67.3 | 75.5 | 73.1 | 67.5 | 18.6 | 20.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (946.9) | (885.3) | (846.2) | (780.1) | (712.9) | (554.8) | (460.5) | (365.5) | (278.2) | (213.9) |
| Accumulated Other Comprehensive Income | 0.2 | 0.1 | 0.2 | (0.1) | (0.0) | (0.0) | 0.0 | (0.0) | (0.0) | (0.1) |
| Total Stockholders' Equity | 166.9 | 173.3 | 166.8 | 98.3 | 82.6 | 126.1 | 186.7 | 115.8 | 139.3 | 193.2 |
| Total Liabilities & Equity | 501.6 | 435.8 | 297.6 | 190.1 | 149.9 | 201.6 | 259.8 | 183.3 | 157.9 | 213.1 |
| Debt Metrics | ||||||||||
| Total Debt | 211.6 | 153.4 | 56.0 | 36.5 | 45.5 | 55.4 | 57.3 | 49.2 | 0 | 0 |
| Net Debt | 143.6 | 88.5 | 34.5 | (59.7) | (26.9) | (35.6) | (123.8) | (29.6) | (75.4) | (74.6) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (61.6) | (39.1) | (66.1) | (67.2) | (158.2) | (94.3) | (94.9) | (91.3) | (64.3) | (112.4) |
| Depreciation & Amortization | 3.1 | 2.1 | 1.3 | 1.1 | 1.4 | 1.8 | 2.5 | 2.7 | 2.6 | 1.3 |
| Stock-Based Compensation | 49.0 | 37.4 | 13.5 | 10.8 | 12.0 | 10.6 | 9.9 | 9.2 | 9.6 | 5.3 |
| Change in Working Capital | (31.4) | (49.2) | (43.4) | (19.6) | (11.9) | (3.2) | 3.0 | 9.4 | (13.7) | 12.8 |
| Other Non-Cash Items | (1.6) | 4.1 | 4.9 | 4.8 | 4.2 | 3.4 | 3.3 | 0.8 | 0.6 | 0.5 |
| Operating Cash Flow | (42.5) | (44.8) | (89.7) | (70.0) | (152.6) | (81.4) | (76.5) | (70.3) | (65.2) | (92.5) |
| Investing Activities | ||||||||||
| Capital Expenditure | (1.5) | (1.0) | (0.3) | (0.1) | (1.9) | (0.3) | (0.3) | (0.3) | (2.4) | (4.9) |
| Acquisitions | 0 | 0 | 0 | 0 | (52.8) | 31.4 | (23.7) | 0 | 0 | 0 |
| Purchases of Investments | (218.9) | (195.2) | (215.2) | (50.3) | (72.7) | (150.9) | (102.7) | (169.0) | (84.0) | (133.8) |
| Sales/Maturities of Investments | 211.5 | 177.9 | 84.3 | 67 | 125.5 | 119.7 | 126.4 | 139.4 | 151.7 | 7.6 |
| Other Investing Activities | 0 | 0 | 0 | 1.8 | 52.8 | (31.4) | 23.7 | (29.6) | 67.6 | (126.2) |
| Investing Cash Flow | (9.0) | (18.3) | (131.2) | 18.4 | 50.9 | (31.4) | 23.4 | (29.9) | 65.3 | (131.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 48.7 | 99.5 | 22.4 | (6.1) | (19.4) | (0.1) | 0 | 49.3 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | (1) | 4.7 | 9.8 | 1.3 | 1.9 | 0.6 | 0.5 | 0.7 | 0.6 |
| Financing Cash Flow | 54.5 | 106.6 | 146.3 | 75.3 | 83.0 | 22.8 | 155.5 | 103.6 | 0.7 | 191.2 |
| Cash Position | ||||||||||
| Net Change in Cash | 3.1 | 43.5 | (74.7) | 23.7 | (18.6) | (90.1) | 102.4 | 3.4 | 0.8 | (32.4) |
| Cash at Beginning | 64.9 | 21.5 | 96.1 | 72.4 | 91.0 | 181.1 | 78.8 | 75.4 | 74.6 | 107.0 |
| Cash at End | 68.0 | 64.9 | 21.5 | 96.1 | 72.4 | 91.0 | 181.1 | 78.8 | 75.4 | 74.6 |
| Free Cash Flow | (44.0) | (45.8) | (90.1) | (70.1) | (154.4) | (81.8) | (76.8) | (70.6) | (67.5) | (97.4) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 407.3 | 333.6 | 124.5 | 52.2 | 10.1 | 7.6 | 5.3 | 2.6 | 42 | 24.0 | 24.0 | 31.6 | 28.9 | 5.4 |
| Gross Profit | 364.7 | 283.1 | 106.7 | 48.0 | 9.1 | 7.4 | 4.7 | 2.1 | 33.6 | 22.7 | 23.2 | 5.7 | 0.8 | 3.5 |
| Operating Income | (41.0) | (27.9) | (63.3) | (63.8) | (154.3) | (90.8) | (91.3) | (90.9) | (65.1) | (112.9) | (29.4) | (1.6) | (2.9) | (8.8) |
| Net Income | (61.6) | (39.1) | (66.1) | (67.2) | (158.2) | (94.3) | (94.9) | (91.3) | (64.3) | (112.4) | (29.6) | (3.2) | (6.6) | (9.8) |
| EPS (Diluted) | -0.26 | -0.17 | -0.30 | -0.42 | -1.52 | -1.05 | -1.47 | -1.62 | -1.36 | -2.80 | -1.29 | -0.17 | -0.49 | -0.73 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 68.0 | 64.9 | 21.5 | 96.1 | 72.4 | 91.0 | 181.1 | 78.8 | 75.4 | 74.6 | ||||
| Total Assets | 501.6 | 435.8 | 297.6 | 190.1 | 149.9 | 201.6 | 259.8 | 183.3 | 157.9 | 213.1 | ||||
| Total Debt | 211.6 | 153.4 | 56.0 | 36.5 | 45.5 | 55.4 | 57.3 | 49.2 | 0 | 0 | ||||
| Stockholders' Equity | 166.9 | 173.3 | 166.8 | 98.3 | 82.6 | 126.1 | 186.7 | 115.8 | 139.3 | 193.2 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | (42.5) | (44.8) | (89.7) | (70.0) | (152.6) | (81.4) | (76.5) | (70.3) | (65.2) | (92.5) | ||||
| Capital Expenditure | (1.5) | (1.0) | (0.3) | (0.1) | (1.9) | (0.3) | (0.3) | (0.3) | (2.4) | (4.9) | ||||
| Free Cash Flow | (44.0) | (45.8) | (90.1) | (70.1) | (154.4) | (81.8) | (76.8) | (70.6) | (67.5) | (97.4) | ||||