ARDELYX, INC.
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 30, 2025
ARDX$2.93+1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheets
(in thousands, except share and per share amounts)
| (Unaudited) | ||
|---|---|---|
| September 30, 2025 | December 31, 2024 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $42,715 | $64,932 |
| Short-term investments | 199,990 | 185,168 |
| Accounts receivable | 76,610 | 57,705 |
| Inventory | 25,172 | 21,173 |
| Prepaid commercial manufacturing | 8,051 | 16,378 |
| Prepaid expenses and other current assets | 15,447 | 11,096 |
| Total current assets | 367,985 | 356,452 |
| Property and equipment, net | 2,069 | 1,495 |
| Inventory, non-current | 104,186 | 70,011 |
| Right-of-use assets | 5,152 | 2,380 |
| Other assets | 6,778 | 5,416 |
| Total assets | $486,170 | $435,754 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable | $18,390 | $16,000 |
| Accrued compensation and benefits | 15,056 | 14,940 |
| Current portion of operating lease liability | 1,435 | 1,562 |
| Deferred revenue | 6,581 | 10,686 |
| Accrued expenses and other current liabilities | 41,927 | 34,642 |
| Total current liabilities | 83,389 | 77,830 |
| Operating lease liability, net of current portion | 4,038 | 1,023 |
| Long-term debt | 202,138 | 150,853 |
| Deferred revenue, non-current | 13,699 | 7,232 |
| Deferred royalty obligation related to the sale of future royalties | 28,626 | 25,527 |
| Total liabilities | 331,890 | 262,465 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity | ||
| Common stock, $0.0001 par value; 500,000,000 shares authorized; 242,971,838 and 238,015,825 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 24 | 24 |
| Additional paid-in capital | 1,100,664 | 1,058,548 |
| Accumulated deficit | (946,532) | (885,340) |
| Accumulated other comprehensive income | 124 | 57 |
| Total stockholders’ equity | 154,280 | 173,289 |
| Total liabilities and stockholders’ equity | $486,170 | $435,754 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.