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AARDAardvark Therapeutics, Inc. Common Stock$3.64$79M
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AARD logoAardvark Therapeutics, Inc. Common Stock (AARD) Earnings History

Net Loss

4 years of earnings data (2022–2025) · Currently unprofitable on a TTM basis

TTM Net Income
-$70M
● Net Loss
TTM EPS (Diluted)
$-3.20
Per share, diluted
YoY EPS Growth
-177.9%
Declining
Net Margin
N/A
After-tax profitability
EPS Growth Rate (CAGR)
1YN/A
3YN/A
5YN/A
10YN/A
Operating MarginN/A
Gross MarginN/A
Return on Equity-221.5%
Return on Assets-59.2%
Record Annual Net Income-$7MFY2023
Record Quarterly EPS$-0.10Q4 2023
Consecutive Profitable Years0years
Q1 2026
Net Income-$22M
EPS (Diluted)$-0.99
YoY Growth-177.9%Declining
QoQ Growth-22.7%Declining

Loading earnings history...

Aardvark Therapeutics, Inc. Common Stock (AARD) Earnings Overview

As of June 12, 2026, Aardvark Therapeutics, Inc. Common Stock (AARD) reported trailing twelve-month net income of -$70M, reflecting -177.9% year-over-year growth. The company earned $-3.20 per diluted share over the past four quarters.

Looking at the long-term picture, AARD's historical earnings data spans multiple years. The company achieved its highest annual net income of -$7M in fiscal 2023.

Aardvark Therapeutics, Inc. Common Stock is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →

Compared to peers including RYTM (-$204M net income, -103.6% margin), VNDA (-$240M net income, -102.0% margin), IMVT (-$506M net income), AARD has comparable earnings metrics. Compare AARD vs RYTM →

AARD Earnings vs Peers

Earnings metrics vs comparable public companies

CompanyTTM Net IncomeTTM EPSNet MarginROEYoY GrowthCompare
AARD logoAARDCurrent
-$70M$-3.20--221.5%-177.9%—
RYTM logoRYTM
-$204M$-3.00-103.6%-129.5%+28.3%
VNDA logoVNDA
-$240M$-4.03-102.0%-50.9%-1068.8%
IMVT logoIMVT
-$506M$-2.48--64.8%-1.5%
CGEM logoCGEM
-$221M$-3.73--44.0%-19.6%
NUVL logoNUVL
-$450M$-5.72--36.7%-48.9%
Best in group
Lowest in group

AARD Historical Earnings Data (2022–2025)

4 years
Fiscal Year Net Income YoY % Operating Income EPS (Diluted) Net Margin Op. Margin
2025-$58M-179.7%-$63M$-2.64--
2024-$21M-185.6%-$23M$-0.95--
2023-$7M+46.9%-$7M$-0.34--
2022-$14M--$11M$-0.63--

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What if you invested $1,000 in AARD back in 2022?

Total return with dividends reinvested · 4+ years of data

Calculate Returns

How much would $100/month in AARD be worth today?

Dollar cost averaging vs lump sum · see how regular investing compounds over time

Run the Numbers

Is AARD Undervalued Right Now?

DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.

View Valuation

AARD vs LLY — which is the better buy?

Side-by-side revenue, margins, P/E and 10-year returns vs Eli Lilly and Company.

Compare Now

AARD — Frequently Asked Questions

Quick answers to the most common questions about buying AARD stock.

What is AARD earnings per share (EPS)?

AARD trailing twelve-month (TTM) diluted EPS is $-3.20, reflecting -177.9% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2022 to 2025 is available in the table on this page.

What is Aardvark Therapeutics, Inc. Common Stock's net income?

Aardvark Therapeutics, Inc. Common Stock (AARD) trailing twelve-month net income is $-70M as of 2025. Earnings declined -177.9% year-over-year.

Is AARD profitable?

AARD is not currently profitable on a TTM basis, reporting a net loss of $-70M. Net margin is N/A. Investors should monitor for a return to profitability.

What is AARD's earnings growth rate?

AARD compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2022 to 2025.

What are AARD's profit margins?

Aardvark Therapeutics, Inc. Common Stock net profit margin is N/A, operating margin is N/A, and gross margin is N/A. Below-average margins reflect competitive or cost pressures. Return on Equity is -221.5%.

Is AARD growing earnings?

AARD earnings are declining — EPS fell -177.9% year-over-year. TTM net income dropped to $-70M. This contrasts with the 5-year CAGR of N/A.

What was AARD's best earnings year?

Aardvark Therapeutics, Inc. Common Stock's highest annual net income on record is $-7M, achieved in fiscal year 2023. Earnings history on this page spans 2022 to 2025 and includes all annual and quarterly figures.

What were AARD's earnings last quarter?

AARD's most recent reported quarter was Q1 2026. Net income was $-22M with diluted EPS of $-0.99. For a full breakdown of all quarters, see the quarterly earnings table on this page.

AARD Earnings Over Time (2022–2025)

Net income & EPS — annual and quarterly view