Ardelyx (ARDX) Change in Inventory (2022 - 2026)
Ardelyx (ARDX) reported Change in Inventory of $4.9 million for Q1 2026, down 66.53% on a YoY basis from $14.7 million in Q1 2025, and up 178.68% quarter-over-quarter from -$6.3 million in Q4 2025.
Ardelyx (ARDX) Change in Inventory (2022 - 2026) Analysis & Trends
Ardelyx has reported Change in Inventory for 5 years, with the latest figure at $4.9 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Inventory fell 66.53% year-over-year to $4.9 million; the trailing twelve-month figure through Mar 2026 stood at $22.1 million (down 18.02% YoY), and the FY2025 full-year result was $31.9 million, down 23.44% from the prior year.
- Change in Inventory for Q1 2026 stood at $4.9 million, up from -$6.3 million in the prior quarter.
- The five-year high for Change in Inventory was $29.4 million in Q1 2024, with the low at -$6.3 million in Q4 2025.
- Historically, Change in Inventory has averaged $7.5 million across 5 years, with a median of $4.9 million in 2026.
- Annual changes were most pronounced in 2024 — Change in Inventory surged 516.91% — and 2025, when it plunged 203.73%.
- Ardelyx's Change in Inventory stood at $18.6 million in 2022, then sank by 89.29% to $2.0 million in 2023, then surged by 202.97% to $6.0 million in 2024, then sank by 203.73% to -$6.3 million in 2025, then jumped by 178.68% to $4.9 million in 2026.
- The last three Change in Inventory figures came in at $4.9 million (Q1 2026), -$6.3 million (Q4 2025), and $6.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | - |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 51,468.00 |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | - |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | - |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | - |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 97.70 Mn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | - |
| 10 | Ardelyx | 1.49 Bn | 1.25 Bn | 89.66 Mn | 4.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.92 Mn |
| Mar 31, 2026 | 4.92 Mn |
| Dec 31, 2025 | -6.25 Mn |
| Dec 31, 2025 | -6.25 Mn |
| Sep 30, 2025 | 6.10 Mn |
| Sep 30, 2025 | 6.10 Mn |
| Jun 30, 2025 | 17.38 Mn |
| Jun 30, 2025 | 17.38 Mn |
| Mar 31, 2025 | 14.69 Mn |
| Mar 31, 2025 | 14.69 Mn |
| Dec 31, 2024 | 6.03 Mn |
| Dec 31, 2024 | 6.03 Mn |
| Sep 30, 2024 | 1.73 Mn |
| Sep 30, 2024 | 1.73 Mn |
| Jun 30, 2024 | 4.57 Mn |
| Jun 30, 2024 | 4.57 Mn |
| Mar 31, 2024 | 29.37 Mn |
| Mar 31, 2024 | 29.37 Mn |
| Dec 31, 2023 | 1.99 Mn |
| Dec 31, 2023 | 1.99 Mn |