ARDELYX INC

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

About this filing

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.

FY2023 · Filed Feb 22, 2024

ARDX$2.88-3.7%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Balance Sheets

(in thousands, except share and per share amounts)

	December 31,
	2023	2022
Assets
Current assets:
Cash and cash equivalents	$21,470	$96,140
Short-term investments	162,829	27,769
Accounts receivable	22,031	7,733
Inventory	12,448	3,282
Prepaid commercial manufacturing	18,925	13,567
Prepaid expenses and other current assets	8,408	5,112
Total current assets	246,111	153,603
Property and equipment, net	1,009	1,223
Inventory, non-current	37,039	25,064
Prepaid commercial manufacturing, non-current	4,235	—
Right-of-use assets	5,589	9,295
Other assets	3,596	881
Total assets	$297,579	$190,066
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$11,138	$10,859
Accrued compensation and benefits	12,597	7,548
Current portion of operating lease liability	4,435	3,894
Current portion of long-term debt	—	26,711
Deferred revenue	7,182	4,211
Accrued expenses and other current liabilities	15,041	12,380
Total current liabilities	50,393	65,603
Operating lease liability, net of current portion	1,725	5,855
Long-term debt, net of current portion	49,822	—
Deferred revenue, non-current	8,644	9,025
Deferred royalty obligation related to the sale of future royalties	20,179	11,254
Total liabilities	130,763	91,737
Commitments and contingencies (Note 20)
Stockholders’ equity:
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding	—	—
Common stock, $0.0001 par value; 500,000,000 and 300,000,000 shares authorized; 232,453,190 and 198,575,016 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively.	23	20
Additional paid-in capital	1,012,773	878,500
Accumulated deficit	(846,204)	(780,137)
Accumulated other comprehensive income (loss)	224	(54)
Total stockholders’ equity	166,816	98,329
Total liabilities and stockholders’ equity	$297,579	$190,066

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.