ARDELYX INC
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 20, 2025
ARDX$2.93+1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
(in thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $64,932 | $21,470 |
| Short-term investments | 185,168 | 162,829 |
| Accounts receivable | 57,705 | 22,031 |
| Inventory | 21,173 | 12,448 |
| Prepaid commercial manufacturing | 16,378 | 18,925 |
| Prepaid expenses and other current assets | 11,096 | 8,408 |
| Total current assets | 356,452 | 246,111 |
| Property and equipment, net | 1,495 | 1,009 |
| Inventory, non-current | 70,011 | 37,039 |
| Prepaid commercial manufacturing, non-current | — | 4,235 |
| Right-of-use assets | 2,380 | 5,589 |
| Other assets | 5,416 | 3,596 |
| Total assets | $435,754 | $297,579 |
| Liabilities and stockholders’ equity | ||
| Current liabilities | ||
| Accounts payable | $16,000 | $11,138 |
| Accrued compensation and benefits | 14,940 | 12,597 |
| Current portion of operating lease liability | 1,562 | 4,435 |
| Deferred revenue | 10,686 | 7,182 |
| Accrued expenses and other current liabilities | 34,642 | 15,041 |
| Total current liabilities | 77,830 | 50,393 |
| Operating lease liability, net of current portion | 1,023 | 1,725 |
| Long-term debt | 150,853 | 49,822 |
| Deferred revenue, non-current | 7,232 | 8,644 |
| Deferred royalty obligation related to the sale of future royalties | 25,527 | 20,179 |
| Total liabilities | 262,465 | 130,763 |
| Commitments and contingencies (Note 19) | ||
| Stockholders’ equity | ||
| Common stock, $0.0001 par value; 500,000,000 shares authorized; 238,015,825 and 232,453,190 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively. | 24 | 23 |
| Additional paid-in capital | 1,058,548 | 1,012,773 |
| Accumulated deficit | (885,340) | (846,204) |
| Accumulated other comprehensive income | 57 | 224 |
| Total stockholders’ equity | 173,289 | 166,816 |
| Total liabilities and stockholders’ equity | $435,754 | $297,579 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.