Ardelyx/$ARDX

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About Ardelyx

Ardelyx Inc is a biopharmaceutical company developing and commercialize, first-in-class medicines that meet unmet medical needs. It has developed a platform that enabled the discovery of new biological mechanisms and pathways to develop potent and efficacious therapies that minimize the side effects and drug-drug interactions frequently encountered with traditional, systemically absorbed medicines. Its products Tenapanor, branded as IBSRELA, is used for the treatment of adults with IBS-C. Tenapanor, branded as XPHOZAH, is used to reduce serum phosphorus in adults with CKD on dialysis as add-on therapy in patients who have an inadequate response to phosphate binders or who are intolerant of any dose of phosphate binder therapy.
Ticker
$ARDX
Sector
Health
Primary listing
NASDAQ
Employees
489

Ardelyx Metrics

BasicAdvanced
$842M
-
-$0.23
0.69
-

What the Analysts think about Ardelyx

Analyst ratings (Buy, Hold, Sell) for Ardelyx stock.
Analyst projections of the future price of Ardelyx stock.

Bulls say / Bears say

Combined product revenue reached a quarterly record of $118.1 million in Q2 2026, up 31% year on year. That shows Ardelyx is building a sizeable commercial business rather than relying solely on future clinical prospects. (BioSpace)
IBSRELA is in a Phase 3 trial for chronic idiopathic constipation, with enrolment expected to finish by the end of 2026 and results due in the second half of 2027. A positive result could expand the drug’s addressable patient population beyond IBS-C. (BioSpace)
Management expects Ardelyx to reach sustained profitability in 2027 and has lowered its 2026 operating-expense outlook to below $500 million. If revenue growth continues, this could turn the company’s expanding sales base into earnings. (The Motley Fool)
More stringent prior authorisations and step edits slowed new IBSRELA patient starts, prompting Ardelyx to cut its 2026 sales forecast to $350–$370 million from $410–$430 million. The company has also said the timing of its $1 billion long-term sales goal is under review. (BioSpace)
A federal appeals court upheld the decision to keep oral phosphate-lowering drugs in Medicare’s dialysis payment bundle, and Ardelyx said it would not pursue further litigation. The company withdrew XPHOZAH’s long-term sales guidance, leaving its future growth potential less certain. (BioSpace)
Despite record quarterly product revenue, Ardelyx reported a $16.7 million net loss in Q2, while research and selling expenses rose from a year earlier. Its 2027 profitability goal therefore depends on revenue growth outpacing a substantial cost base. (The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 30 Sept 2026.

Ardelyx Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Ardelyx Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

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