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Ardelyx (ARDX) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

By Zacks Equity Research | February 19, 2026, 5:30 PM

Ardelyx (ARDX) reported $125.22 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 7.8%. EPS of $0 for the same period compares to $0.02 a year ago.

The reported revenue represents a surprise of +6.51% over the Zacks Consensus Estimate of $117.57 million. With the consensus EPS estimate being $0.02, the EPS surprise was -100%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Ardelyx performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenues- Product sales, net: $114.4 million versus the five-analyst average estimate of $114.14 million. The reported number represents a year-over-year change of +3.1%.
  • Product sales- IBSRELA: $86.6 million versus the five-analyst average estimate of $85.75 million. The reported number represents a year-over-year change of +60.8%.
  • Product sales- XPHOZAH: $27.8 million compared to the $28.39 million average estimate based on five analysts. The reported number represents a change of -51.4% year over year.
  • Revenues- Licensing: $0.02 million compared to the $0.02 million average estimate based on three analysts. The reported number represents a change of +4.6% year over year.
  • Non-cash royalty revenue related to the sale of future royalties: $1.35 million compared to the $3.66 million average estimate based on three analysts. The reported number represents a change of +47.4% year over year.

View all Key Company Metrics for Ardelyx here>>>

Shares of Ardelyx have returned -15.9% over the past month versus the Zacks S&P 500 composite's -0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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