Akebia Therapeutics, Inc. (AKBA) Revenue History
Annual and quarterly revenue from 2012 to present
AKBA Revenue Over Time (2012–2025)
AKBA Revenue Growth History
5 of 9 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- N/A
- FY2014 revenue growth
- N/A
- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- +11495.0%
- FY2018 revenue growth
- +16.7%
- FY2019 revenue growth
- +61.3%
- FY2020 revenue growth
- -12.0%
- FY2021 revenue growth
- -28.2%
- FY2022 revenue growth
- +38.2%
- FY2023 revenue growth
- -33.5%
- FY2024 revenue growth
- -17.7%
- FY2025 revenue growth
- +47.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $36.9M | -37.2% |
| Q2 2026 | $49.1M | -21.4% |
| Q1 2026 | $53.5M | -6.6% |
| Q4 2025 | $57.6M | +23.9% |
| Q3 2025 | $58.8M | +57.0% |
| Q2 2025 | $62.5M | +43.1% |
| Q1 2025 | $57.3M | +75.8% |
| Q4 2024 | $46.5M | -17.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
AKBA's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
AKBA Revenue Analysis (2012–2025)
Current Revenue & Growth
As of November 8, 2026, Akebia Therapeutics, Inc. (AKBA) generated trailing twelve-month (TTM) revenue of $197.2 million, reflecting significant decline in growth of -37.2% year-over-year. The most recent quarter (Q3 2026) recorded $36.9 million in revenue, down 24.9% sequentially.
Historical Growth Trajectory
AKBA's 5-year compound annual growth rate (CAGR) stands at -4.3%, indicating revenue contraction over this period. The 3-year CAGR of -6.9% is below the 5-year average, signalling a growth deceleration in recent years. Akebia Therapeutics, Inc.'s highest annual revenue of $335.0 million was recorded in 2019.
Revenue by Segment
AKBA's revenue is primarily driven by License Collaboration And Other Revenue (96%), Supply Agreement (3%), and License Collaboration And Other Revenue, Royalties (1%). With over half of revenue concentrated in License Collaboration And Other Revenue, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Healthcare sector peers — including PTGX (+163.7% YoY), KRSA (-12.6% YoY), and ANIP (+25.9% YoY) — AKBA has underperformed the peer group in revenue growth. Compare AKBA vs PTGX →
AKBA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AKBACurrent | $197M | -37.2% | -4.3% | 9.9% | |
 PTGX | $46M | +163.7% | +10.0% | -343.6% | |
 KRSA | $2M | -12.6% | -2.0% | -239.8% | |
 ANIP | $883M | +25.9% | +33.5% | 9.2% | |
 HALO | $1.4B | +45.0% | +39.2% | 57.5% | |
 PRTA | $10M | +347.4% | +62.6% | -1905.8% |
AKBA Historical Revenue Data (2012–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $236.2M | +47.5% | $196.7M | 83.3% | $23.5M | 9.9% |
| 2024 | $160.2M | -17.7% | $97.0M | 60.6% | $-50,472,000 | -31.5% |
| 2023 | $194.6M | -33.5% | $120.5M | 61.9% | $-46,256,000 | -23.8% |
| 2022 | $292.5M | +38.2% | $270.0M | 92.3% | $-80,779,000 | -27.6% |
| 2021 | $211.7M | -28.2% | $130.2M | 61.5% | $-264,502,000 | -125.0% |
| 2020 | $294.6M | -12.0% | $230.7M | 78.3% | $-377,826,000 | -128.2% |
| 2019 | $335.0M | +61.3% | $189.7M | 56.6% | $-286,288,000 | -85.5% |
| 2018 | $207.7M | +16.7% | $200.1M | 96.3% | $-178,139,000 | -85.8% |
| 2017 | $178.0M | +11495.0% | $177.4M | 99.7% | $-79,917,000 | -44.9% |
| 2016 | $1.5M | - | $-114,250,000 | -7443.0% | $-136,460,000 | -8889.9% |
| 2015 | $0 | - | $-96,000 | - | $-61,513,000 | - |
| 2014 | $0 | - | $-23,263,000 | - | $-37,940,000 | - |
| 2013 | $0 | - | $0 | - | $-15,933,221 | - |
| 2012 | $0 | - | $0 | - | $-8,523,000 | - |
AKBA Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
AKBA — Frequently Asked Questions
Quick answers to the most common questions about buying AKBA stock.
Is AKBA's revenue growth accelerating or slowing?
AKBA revenue is declining -37.2% year-over-year. TTM revenue fell to $197M, contrasting with the 5-year CAGR of -4.3%. The reversal reflects either macro headwinds or company-specific challenges.
What is AKBA's revenue history from 2012 to 2026?
Akebia Therapeutics, Inc. (AKBA) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $197M, growing at -37.2% YoY. The 5-year CAGR is -4.3%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is AKBA's long-term revenue growth rate (CAGR)?
Akebia Therapeutics, Inc.'s 5-year revenue CAGR of -4.3% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -37.2% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for AKBA.
Why does AKBA's quarterly revenue fluctuate?
AKBA quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Akebia Therapeutics, Inc.'s revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is AKBA's revenue distributed by segment?
AKBA reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does AKBA's revenue compare to industry peers?
Akebia Therapeutics, Inc. (AKBA) with TTM revenue of $197M and -37.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.