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ARDELYX, INC.

For the period ended Sep 30, 2025. Filed Oct 30, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Oct 30, 2025

ARDX$2.93+1.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Table of Contents

FORM 10-Q TABLE OF CONTENTS

Page No.
PART I. FINANCIAL INFORMATION
Item 1.Financial Statements (Unaudited)2
Condensed Balance Sheets2
Condensed Statements of Operations and Comprehensive Loss3
Condensed Statements of Changes in Stockholders’ Equity4
Condensed Statements of Cash Flows6
Notes to Condensed Financial Statements7
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations18
Item 3.Quantitative and Qualitative Disclosures About Market Risk25
Item 4.Controls and Procedures26
PART II. OTHER INFORMATION
Item 1.Legal Proceedings26
Item 1A.Risk Factors26
Item 2.Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities60
Item 3.Defaults Upon Senior Securities60
Item 4.Mine Safety Disclosures60
Item 5.Other Information60
Item 6.Exhibits61
Signature62
Summary of Abbreviated Terms63
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.