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ARDX

Ardelyx, Inc.

ARDX

NASDAQ·Healthcare·Biotechnology·Mkt cap $933.8M

$3.78

+1.89%

P/E

-16.75

Mkt Cap

$933.8M

52-Wk Range

$3.68–$8.40

52-Week Range

$3.68 - $8.40

P/E

-16.75

Fwd P/E

-20.69

Beta

0.69

Div Yield

0.00%

Avg Vol

4.2M

Shares Out

245.2M

Mkt Cap

$933.8M

Price action

Price chart

Down 42.6% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • First-mover advantage in tenapanor with multiple Phase III programs in large patient populations
  • Strategic global partnerships reducing commercialization risk and capital requirements
  • Differentiated mechanism of action addressing unmet needs in nephrology and gastroenterology
  • Experienced management team with track record in biopharmaceutical development and commercialization

Bear Case

1 risk

  • Low volatility (beta 0.7).

Growth

Stable outlook

Tenapanor regulatory approval and market launch for IBS-C and hyperphosphatemia indications

Value

Deep value opportunity - significant discount to Biotech & Therapeutics peers

Momentum

Falling

-31.8% over 3m

Quality

Excellent

Solid business

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Oct 29, 2026

Q3 26 RECAP

AUG 6, 2026

Reported EPS of -$0.07 vs -$0.07 consensus (-7.0% surprise). Revenue of $120.9M vs $121.0M expected (-0.1%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Estimate

Actual

Q3 26

-7.0%

Revenue trend · last 8Q

+238%

+61%

+33%

+12%

+8%

+27%

+24%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$98.2M

$116.1M

$74.1M

$97.7M

$110.3M

$125.2M

$94.5M

$120.9M

Margins · last 8Q

Gross

95.2%

Operating

-10.3%

Profit

-13.8%

Wall Street consensus

2 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

100%

Hold

0%

Sell

0%

Median Price Target

Latest: HC Wainwright · Aug 7, 2026

vs Industry

How ARDX stacks vs Biotechnology

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.