ARDELYX INC

For the period ended Dec 31, 2024. Filed Feb 20, 2025.

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.

FY2024 · Filed Feb 20, 2025

ARDX$2.93+1.7%Stored close · as of Nov 9, 2026

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Contents

Statements of Operations and Comprehensive Loss

(in thousands, except share and per share amounts)

	Year Ended December 31,
	2024	2023	2022
Revenues
Product sales, net	$319,196	$82,526	$15,600
Product supply revenue	11,649	6,121	1,527
Licensing revenue	78	35,809	35,031
Non-cash royalty revenue related to the sale of future royalties	2,692	—	—
Total revenues	333,615	124,456	52,158
Cost of goods sold
Cost of product sales	6,851	2,323	566
Other cost of revenue	43,705	15,472	3,551
Total cost of goods sold	50,556	17,795	4,117
Operating expenses
Research and development	52,317	35,536	35,201
Selling, general and administrative	258,692	134,401	76,599
Total operating expenses	311,009	169,937	111,800
Loss from operations	(27,950)	(63,276)	(63,759)
Interest expense	(13,006)	(4,950)	(3,400)
Non-cash interest expense related to the sale of future royalties	(7,088)	(3,924)	(1,673)
Other income, net	9,174	6,630	1,633
Loss before provision for income taxes	(38,870)	(65,520)	(67,199)
Provision for income taxes	266	547	8
Net loss	$(39,136)	$(66,067)	$(67,207)
Net loss per share of common stock - basic and diluted	$(0.17)	$(0.30)	$(0.42)
Shares used in computing net loss per share - basic and diluted	235,232,927	219,331,253	158,690,083
Comprehensive loss
Net loss	$(39,136)	$(66,067)	$(67,207)
Unrealized (losses) gains on available-for-sale securities	(167)	278	(48)
Comprehensive loss	$(39,303)	$(65,789)	$(67,255)

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.