Ardelyx (ARDX) Gross Margin (2015 - 2026)
Ardelyx (ARDX) reported Gross Margin of 94.91% for Q1 2026, up 1151.0% on a YoY basis from 7.59% in Q1 2025, and up 3.91% quarter-over-quarter from 91.34% in Q4 2025.
Ardelyx (ARDX) Gross Margin (2015 - 2026) Analysis & Trends
Ardelyx has reported Gross Margin for 10 years, with the latest figure at 94.91% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 1151.0% year-over-year to 94.91%; the trailing twelve-month figure through Mar 2026 stood at 90.01% (up 542.0% YoY), and the FY2025 full-year result was 90.29%, up 545.0% from the prior year.
- Gross Margin for Q1 2026 stood at 94.91%, up from 91.34% in the prior quarter.
- The five-year high for Gross Margin was 94.91% in Q1 2026, with the low at 17.12% in Q3 2025.
- Historically, Gross Margin has averaged 80.98% across 5 years, with a median of 85.32% in 2022.
- Annual changes were most pronounced in 2025 — Gross Margin plunged 10111 bps — and 2026, when it surged 1151 bps.
- Ardelyx's Gross Margin stood at 92.84% in 2022, then fell by 8 bps to 85.23% in 2023, then slipped by 1 bps to 84.27% in 2024, then increased by 8 bps to 91.34% in 2025, then rose by 4 bps to 94.91% in 2026.
- The last three Gross Margin figures came in at 94.91% (Q1 2026), 91.34% (Q4 2025), and 17.12% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (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 | - | - |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | 79.04% |
| 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 | 86.85% |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | - |
| 10 | Ardelyx | 1.49 Bn | 1.25 Bn | 89.66 Mn | 94.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 94.91% |
| Dec 31, 2025 | 91.34% |
| Sep 30, 2025 | -17.12% |
| Jun 30, 2025 | 87.30% |
| Mar 31, 2025 | 83.40% |
| Dec 31, 2024 | 84.27% |
| Sep 30, 2024 | 83.99% |
| Jun 30, 2024 | 87.11% |
| Mar 31, 2024 | 84.51% |
| Dec 31, 2023 | 85.23% |
| Sep 30, 2023 | 86.36% |
| Jun 30, 2023 | 84.38% |
| Mar 31, 2023 | 86.48% |
| Dec 31, 2022 | 92.84% |
| Sep 30, 2022 | 85.32% |
| Jun 30, 2022 | 94.54% |
| Mar 31, 2022 | 81.84% |
| Dec 31, 2021 | 100.00% |
| Sep 30, 2021 | 100.00% |
| Jun 30, 2021 | 100.00% |