Filing Flows › Ardelyx (ARDX) › How it makes money
How Ardelyx (ARDX) makes money
Ardelyx (ARDX) made $127M of revenue in the third quarter 2026 (Q3 2026), +16% from a year earlier. Product sales, net brought in $125M (98%); Product supply revenue brought in $1.4M (1%); Non-cash royalty revenue related to the sale of future royalties brought in $604K (0%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product sales, net | $125M | 98.4% | +6% | +19% |
| ↳ IBSRELA | $96.3M | 75.6% | +12% | +23% |
| ↳ XPHOZAH | $29.2M | 22.9% | -9% | +7% |
| Product supply revenue | $1.4M | 1.1% | -30% | — |
| Non-cash royalty revenue related to the sale of future royalties | $604K | 0.5% | -11% | -87% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $127M | 100.0% |
| Income tax | $90K | 0.1% |
| Operating cash flow | $2.2M | 1.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $128M | +16% |
| Q2 2026 | $121M | +24% |
From Ardelyx's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Ardelyx make money?
Ardelyx (ARDX) made $127M of revenue in the third quarter 2026 (Q3 2026), +16% from a year earlier. Product sales, net brought in $125M (98%); Product supply revenue brought in $1.4M (1%); Non-cash royalty revenue related to the sale of future royalties brought in $604K (0%).
What is Ardelyx's biggest business?
Product sales, net: $125M in the third quarter 2026, 98% of revenue, +19% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.