Filing Flows › Ardelyx (ARDX) › Q2 2026
Ardelyx (ARDX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Ardelyx (ARDX) reported revenue of $121M for the second quarter 2026 (Q2 2026), +24% from a year earlier and +28% from the quarter before. Operating margin was -10.3%, net loss $16.7M (13.8% of revenue).
Ardelyx, Q2 2026: revenue $121M (+24% year over year), operating margin -10.3%, net loss $16.7M, operating cash flow −$6.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $121M | +28% | +24% |
| Operating profit | −$12.4M | — | — |
| Net earnings | −$16.7M | — | — |
| Operating cash flow | −$6.4M | — | — |
What changed
Revenue was $120.9M in Q2 2026, up 24% year over year and up 28% from the previous quarter. IBSRELA was the largest line at 71% of revenue. IBSRELA added $21.2M year over year (up 33%), 91% of the total change. Product supply revenue declined 68%.
Operating costs exceeded revenue by $12.4M, an operating margin of -10.3%. Total costs grew 19% against revenue growth of 24%. The fastest-growing cost line was Research & development (+67%). The quarter ended with a net loss of $16.7M, narrower than the previous quarter's $37.6M loss.
Operating cash flow was −$6.4M. Non-cash charges added back $604K of depreciation and amortization and $15.3M of share-based compensation. Working capital and other items used $5.6M. Capital expenditures of $13K exceeded it, leaving free cash flow of −$6.4M.
Questions
What was Ardelyx's revenue in the second quarter 2026?
Ardelyx (ARDX) reported revenue of $121M for the second quarter 2026 (Q2 2026), +24% from a year earlier and +28% from the quarter before.
Was Ardelyx profitable in the second quarter 2026?
Operating loss was $12.4M (-10.3% of revenue) and net loss $16.7M.
Source: Ardelyx 10-Q on SEC EDGAR.