Ardelyx, Inc.

Ardelyx, Inc. reported total revenues of $407.3 million for fiscal year 2025, ending December 31, 2025. The company incurred a net loss of $61.6 million, which was driven by total costs and operating expenses of $448.3 million, including $337.2 million in selling, general and administrative expenses. The loss from operations was $41.0 million. The company's balance sheet shows total assets of $501.6 million, with current assets of $382.3 million including $68.0 million in cash and cash equivalents and $196.7 million in short-term investments. Total liabilities were $334.7 million, including long-term debt of $202.8 million, resulting in stockholders' equity of $166.9 million. Cash flow from operations was negative $42.5 million, while financing activities provided $54.5 million primarily from the 2022 Loan Agreement. The company ended the period with $96.1 million in cash and cash equivalents.

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