ARDELYX, INC.
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 19, 2026
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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Balance Sheets
(in thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $67,999 | $64,932 |
| Short-term investments | 196,690 | 185,168 |
| Accounts receivable | 71,848 | 57,705 |
| Inventory | 17,735 | 21,173 |
| Prepaid commercial manufacturing | 14,479 | 16,378 |
| Prepaid expenses and other current assets | 13,566 | 11,096 |
| Total current assets | 382,317 | 356,452 |
| Property and equipment, net | 2,184 | 1,495 |
| Inventory, non-current | 105,372 | 70,011 |
| Right-of-use assets | 4,795 | 2,380 |
| Other assets | 6,936 | 5,416 |
| Total assets | $501,604 | $435,754 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable | $19,235 | $16,000 |
| Accrued compensation and benefits | 19,108 | 14,940 |
| Current portion of operating lease liability | 1,479 | 1,562 |
| Deferred revenue | 1,206 | 10,686 |
| Accrued expenses and other current liabilities | 47,577 | 34,642 |
| Total current liabilities | 88,605 | 77,830 |
| Operating lease liability, net of current portion | 3,641 | 1,023 |
| Long-term debt | 202,834 | 150,853 |
| Deferred revenue, non-current | 13,699 | 7,232 |
| Deferred royalty obligation related to the sale of future royalties | 25,876 | 25,527 |
| Total liabilities | 334,655 | 262,465 |
| Commitments and contingencies (Note 19) | ||
| Stockholders’ equity | ||
| Common stock, $0.0001 par value per share; 500,000,000 shares authorized; 244,351,501 and 238,015,825 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 24 | 24 |
| Additional paid-in capital | 1,113,666 | 1,058,548 |
| Accumulated deficit | (946,939) | (885,340) |
| Accumulated other comprehensive income | 198 | 57 |
| Total stockholders’ equity | 166,949 | 173,289 |
| Total liabilities and stockholders’ equity | $501,604 | $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.