ARDELYX, Inc. (ARDX) intrinsic value & 10-year financials
ARDELYX, Inc. (ARDX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 32.8% a year to $407.3M, with an average return on invested capital of -81.9%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $3.09
- Market cap
- $744.8M
- Revenue (FY2025)
- $407.3M
- Revenue growth (10-yr CAGR)
- 32.8%
- ROIC (10-yr avg)
- -81.9%
- Free cash flow (FY2025)
- -$44.0M
ARDX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $407.3M | -$61.6M | -$0.26 | -$44.0M | -10.1% | -14.5% |
| FY2024 | $333.6M | -$39.1M | -$0.17 | -$45.8M | -8.4% | -12.2% |
| FY2023 | $124.5M | -$66.1M | -$0.30 | -$90.1M | -50.8% | -54.6% |
| FY2022 | $52.2M | -$67.2M | -$0.42 | -$70.1M | -122.2% | -107.0% |
| FY2021 | $10.1M | -$158.2M | -$1.52 | -$154.4M | -1528.6% | -180.8% |
| FY2020 | $7.6M | -$94.3M | -$1.05 | -$81.8M | -1199.0% | -126.2% |
| FY2019 | $5.3M | -$94.9M | -$1.47 | -$76.8M | -1728.1% | -124.5% |
| FY2018 | $2.6M | -$91.3M | — | -$70.6M | -3488.6% | -102.2% |
| FY2017 | $42.0M | -$64.3M | — | -$67.5M | -155.0% | -39.2% |
| FY2016 | — | -$112.4M | — | -$97.4M | — | -58.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ARDELYX, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
ARDELYX, INC. has historically struggled to out-earn its cost of capital, averaging just -67.9% ROIC.
ARDELYX, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ARDELYX, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-8.64 per share.