For the year ending 2025-12-31, ARDX had $3,067K increase in cash & cash equivalents over the period. -$43,975K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -61,599 |
| Depreciation and amortization expense | 3,059 |
| Non-cash lease expense | 1,947 |
| Stock-based compensation | 48,962 |
| Non-cash interest expense | 8,958 |
| Non-cash royalty revenue related to the sale of future royalties | -8,545 |
| Other, net | -3,913 |
| Accounts receivable | 14,143 |
| Inventory | 31,923 |
| Prepaid commercial manufacturing | -1,899 |
| Prepaid expenses and other assets | 4,293 |
| Accounts payable | 3,235 |
| Accrued compensation and benefits | 4,168 |
| Operating lease liabilities | -1,827 |
| Accrued and other liabilities | 14,545 |
| Deferred revenue | -3,013 |
| Net cash used in operating activities | -42,483 |
| Proceeds from maturities and redemptions of investments | 211,456 |
| Purchases of investments | 218,923 |
| Purchases of property and equipment | 1,492 |
| Net cash used in investing activities | -8,959 |
| Proceeds from issuance of common stock in at the market offering, net of issuance costs | 0 |
| Proceeds from 2022 loan agreement, net of costs | 48,668 |
| Proceeds from the sale of future royalties, net of issuance costs | 0 |
| Proceeds from issuance of common stock under equity incentive plans | 5,841 |
| Payments of the previously outstanding exit fees | 0 |
| Net cash provided by financing activities | 54,509 |
| Net increase (decrease) in cash and cash equivalents | 3,067 |
| Cash and cash equivalents at beginning of period | 64,932 |
| Cash and cash equivalents at end of period | 67,999 |
ARDELYX, INC. (ARDX)
ARDELYX, INC. (ARDX)