Quick Answer
ARDELYX, INC. reported R&D Expense of $71.53 million for fiscal year 2025.
ARDELYX, INC. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $71.53M | +36.7% |
| 2024 | $52.32M | +47.2% |
| 2023 | $35.54M | +1.0% |
| 2022 | $35.20M | -61.4% |
| 2021 | $91.14M | +40.1% |
| 2020 | $65.05M | -9.2% |
| 2019 | $71.68M | +3.3% |
| 2018 | $69.37M | -8.1% |
| 2017 | $75.48M | -19.8% |
| 2016 | $94.16M | +136.1% |
| 2015 | $39.88M | +54.0% |
| 2014 | $25.90M | -7.8% |
| 2013 | $28.09M | +175.9% |
| 2012 | $10.18M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $18.07M | +18.0% | +15.3% |
| June 30, 2025 | $15.67M | +22.8% | +4.9% |
| March 31, 2025 | $14.94M | +41.2% | -2.4% |
| September 30, 2024 | $15.31M | +77.3% | +20.0% |
| June 30, 2024 | $12.76M | +54.1% | +20.6% |
| March 31, 2024 | $10.58M | +16.3% | +22.5% |
| September 30, 2023 | $8.64M | +15.7% | +4.3% |
| June 30, 2023 | $8.28M | -15.0% | -8.9% |
- ARDELYX, INC. showed an increase of +36.7% in R&D Expense compared to the prior fiscal year.
- Over the 2012–2025 period, ARDELYX, INC.’s r&d expense has grown by 602.3% (from $10.18 million to $71.53 million).
- The most recent figure is from ARDELYX, INC.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 19, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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