Filing Flows › Ardelyx (ARDX) › Q3 2026
Ardelyx (ARDX) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Ardelyx (ARDX) reported revenue of $128M for the third quarter 2026 (Q3 2026), +16% from a year earlier and +6% from the quarter before. Operating margin was 3.2%, net loss $737K (0.6% of revenue).
Ardelyx, Q3 2026: revenue $128M (+16% year over year), operating margin 3.2%, net loss $737K, operating cash flow $2.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $128M | +6% | +16% |
| Operating profit | $4.0M | — | — |
| Net earnings | −$737K | — | — |
| Operating cash flow | $2.2M | — | +495% |
What changed
Revenue was $127.7M in Q3 2026, up 16% year over year and up 6% from the previous quarter. IBSRELA was the largest line at 75% of revenue. IBSRELA added $18.1M year over year (up 23%), 105% of the total change. Non-cash royalty revenue related to the sale of future royalties declined 87%.
Operating profit was $4.0M, a 3.2% margin (down 1.1 points year over year). Operating profit fell $645K even though revenue rose $17.3M versus a year earlier, so costs grew faster than sales. Total costs grew 17% against revenue growth of 16%. The fastest-growing cost line was Research & development (+39%). The quarter ended with a net loss of $737K, narrower than the previous quarter's $16.7M loss. Net interest and other expense of $4.7M was the main reason.
Operating cash flow was $2.2M (up 495% year over year). Non-cash charges added back $621K of depreciation and amortization and $15.1M of share-based compensation. Working capital and other items used $12.8M.
Questions
What was Ardelyx's revenue in the third quarter 2026?
Ardelyx (ARDX) reported revenue of $128M for the third quarter 2026 (Q3 2026), +16% from a year earlier and +6% from the quarter before.
Was Ardelyx profitable in the third quarter 2026?
Operating profit was $4.0M (3.2% of revenue) and net loss $737K.
Source: Ardelyx 10-Q on SEC EDGAR.