Ardelyx (ARDX) Equity Ratio (2013 - 2026)
Ardelyx (ARDX) reported Equity Ratio of 0.29 for Q1 2026, down 17.05% on a YoY basis from 0.36 in Q1 2025, and down 11.49% quarter-over-quarter from 0.33 in Q4 2025.
Ardelyx (ARDX) Equity Ratio (2013 - 2026) Analysis & Trends
Ardelyx has reported Equity Ratio for 14 years, with the latest figure at 0.29 in Q1 2026.
- For the quarter ending Q1 2026, Equity Ratio fell 17.05% year-over-year to 0.29; the trailing twelve-month figure through Mar 2026 stood at 0.29 (down 17.05% YoY), and the FY2025 full-year result was 0.33, down 16.31% from the prior year.
- Equity Ratio for Q1 2026 stood at 0.29, down from 0.33 in the prior quarter.
- The five-year high for Equity Ratio was 0.66 in Q3 2023, with the low at 0.29 in Q1 2026.
- Historically, Equity Ratio has averaged 0.44 across 5 years, with a median of 0.43 in 2024.
- Annual changes were most pronounced in 2023 — Equity Ratio jumped 44.69% — and 2024, when it sank 34.86%.
- Ardelyx's Equity Ratio stood at 0.52 in 2022, then increased by 8.36% to 0.56 in 2023, then slipped by 29.06% to 0.4 in 2024, then dropped by 16.31% to 0.33 in 2025, then retreated by 11.49% to 0.29 in 2026.
- The last three Equity Ratio figures came in at 0.29 (Q1 2026), 0.33 (Q4 2025), and 0.32 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 191.07 |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | 0.98 |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 0.04 |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | 0.58 |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | - |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 0.42 |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 0.73 |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | 0.79 |
| 10 | Ardelyx | 1.49 Bn | 1.25 Bn | 89.66 Mn | 0.29 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.29 |
| Dec 31, 2025 | 0.33 |
| Sep 30, 2025 | 0.32 |
| Jun 30, 2025 | 0.30 |
| Mar 31, 2025 | 0.36 |
| Dec 31, 2024 | 0.40 |
| Sep 30, 2024 | 0.43 |
| Jun 30, 2024 | 0.43 |
| Mar 31, 2024 | 0.44 |
| Dec 31, 2023 | 0.56 |
| Sep 30, 2023 | 0.66 |
| Jun 30, 2023 | 0.58 |
| Mar 31, 2023 | 0.58 |
| Dec 31, 2022 | 0.52 |
| Sep 30, 2022 | 0.46 |
| Jun 30, 2022 | 0.40 |
| Mar 31, 2022 | 0.50 |
| Dec 31, 2021 | 0.55 |
| Sep 30, 2021 | 0.48 |
| Jun 30, 2021 | 0.57 |