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How ARDELYX, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$407M · 100%Cost of revenue$39.5M · 10%Gross profit$368M · 90%Operating income−$41M · −10%Income before tax−$60.6M · −15%Income tax$969000 · 0%Net income−$61.6M · −15%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$407M100%
  • 10-K · FY 2025Filing detailsAccession 0001437402-26-000013 · filed Feb 19, 2026
Cost of revenue$39.5M10%
  • 10-K · FY 2025Filing detailsAccession 0001437402-26-000013 · filed Feb 19, 2026
$368M90%
  • 10-K · FY 2025Filing detailsAccession 0001437402-26-000013 · filed Feb 19, 2026
−$41M−10%
  • 10-K · FY 2025Filing detailsAccession 0001437402-26-000013 · filed Feb 19, 2026
Income before tax−$60.6M−15%
  • 10-K · FY 2025Filing detailsAccession 0001437402-26-000013 · filed Feb 19, 2026
Income tax$9690000%
  • 10-K · FY 2025Filing detailsAccession 0001437402-26-000013 · filed Feb 19, 2026
−$61.6M−15%
  • 10-K · FY 2025Filing detailsAccession 0001437402-26-000013 · filed Feb 19, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001437402-26-000013 · filed Feb 19, 2026
· event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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