---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-019986"
form_type: "8-K"
ticker: "ARDX"
cik: "0001437402"
company_name: "ARDELYX, INC."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:15:56.131126+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ardelyx Q1 product revenue $45.6M (IBSRELA $28.4M, XPHOZAH $15.2M); net loss $26.5M

## Summary
- Q1 product-related revenue $45.6M: IBSRELA $28.4M (+149% YoY), XPHOZAH $15.2M (first full quarter after Oct 2023 approval).
- Net loss $26.5M ($0.11/sh) vs $26.8M ($0.13/sh) in Q1 2023; cash & investments $202.6M.
- Full-year 2024 IBSRELA net sales guidance raised to $140M-$150M.
- SG&A expenses $53.0M (+$26.2M YoY) due to commercialization of both products.
- Appointed Mike Kelliher as EVP Corporate Development and Strategy in March 2024.

## SEC filing metadata
- accession: 0001628280-24-019986
- form_type: 8-K
- ticker: ARDX
- cik: 0001437402
- company_name: ARDELYX, INC.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437402/000162828024019986/0001628280-24-019986-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437402/000162828024019986/ardx-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-019986
- JSON: https://secwatch.observer/filing/0001628280-24-019986.json
- Plain text: https://secwatch.observer/filing/0001628280-24-019986.txt

## Key facts
- Earnings Releases
  ARDELYX, INC. reported financial results for first quarter ended March 31, 2024.
  - Period: first quarter ended March 31, 2024
  - Result: reported results
  source text: On May 2, 2024, Ardelyx, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437402/000162828024019986/0001628280-24-019986-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.