Ardelyx, Inc. (ARDX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ARDX Revenue Growth
Revenue Breakdown (FY 2025)
ARDX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ARDX Revenue Analysis (2014–2025)
As of May 7, 2026, Ardelyx, Inc. (ARDX) generated trailing twelve-month (TTM) revenue of $427.7 million, reflecting exceptional growth of +27.5% year-over-year. The most recent quarter (Q1 2026) recorded $94.5 million in revenue, down 24.6% sequentially.
Looking at the longer-term picture, ARDX's 5-year compound annual growth rate (CAGR) stands at +121.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $407.3 million in 2025, representing a new all-time high.
Revenue diversification analysis shows ARDX's business is primarily driven by Product (57%), Product, IBSRELA (42%), and License (1%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including CYCN (+3.7% YoY), CHRS (-78.1% YoY), and INVA (+13.6% YoY), ARDX has outperformed the peer group in terms of revenue growth. Compare ARDX vs CYCN →
ARDX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ARDXCurrent | $428M | +27.5% | +121.9% | -10.1% | |
 CYCN | $2M | +3.7% | -2.0% | -239.8% | |
 CHRS | $42M | -78.1% | -38.4% | -429.5% | |
 INVA | $425M | +13.6% | +4.8% | 38.5% | |
 SUPN | $719M | +16.3% | +6.7% | -5.1% |
ARDX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $407.3M | +22.1% | $364.7M | 89.5% | $-40,977,000 | -10.1% |
| 2024 | $333.6M | +168.1% | $283.1M | 84.8% | $-27,950,000 | -8.4% |
| 2023 | $124.5M | +138.6% | $106.7M | 85.7% | $-63,276,000 | -50.8% |
| 2022 | $52.2M | +416.6% | $48.0M | 92.1% | $-63,759,000 | -122.2% |
| 2021 | $10.1M | +33.4% | $9.1M | 90.1% | $-154,346,000 | -1528.6% |
| 2020 | $7.6M | +43.4% | $7.4M | 98.1% | $-90,780,000 | -1199.0% |
| 2019 | $5.3M | +102.6% | $4.7M | 88.6% | $-91,263,000 | -1728.1% |
| 2018 | $2.6M | -93.8% | $2.1M | 82.1% | $-90,947,000 | -3488.6% |
| 2017 | $42.0M | +74.8% | $33.6M | 80.0% | $-65,115,000 | -155.0% |
| 2016 | $24.0M | +0.0% | $22.7M | 94.6% | $-112,895,000 | -469.9% |
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Start ComparisonARDX — Frequently Asked Questions
Quick answers to the most common questions about buying ARDX stock.
Is ARDX's revenue growth accelerating or slowing?
ARDX revenue is accelerating at +27.5% year-over-year, exceeding the 5-year CAGR of +121.9%. TTM revenue reached $428M. Growth momentum has increased versus prior periods.
What is ARDX's long-term revenue growth rate?
Ardelyx, Inc.'s 5-year revenue CAGR of +121.9% reflects the sustained expansion pattern. Current YoY growth of +27.5% is above this long-term average.
How is ARDX's revenue distributed by segment?
ARDX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.