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Side-by-side financial comparison of ARBOR REALTY TRUST INC (ABR) and ARDELYX, INC. (ARDX). Click either name above to swap in a different company.

ARBOR REALTY TRUST INC is the larger business by last-quarter revenue ($133.4M vs $94.5M, roughly 1.4× ARDELYX, INC.). On growth, ARDELYX, INC. posted the faster year-over-year revenue change (27.5% vs -12.1%). Over the past eight quarters, ARDELYX, INC.'s revenue compounded faster (13.6% CAGR vs -8.9%).

Arbor Realty Trust Inc. is a U.S.-headquartered specialized real estate investment trust (REIT). It primarily provides structured financing solutions for multifamily residential and commercial real estate projects, including bridge loans, agency lending, and mezzanine financing. Its core market covers the U.S. real estate sector, serving property owners, developers and real estate investors nationwide.

Ardelyx, Inc. is a commercial-stage biopharmaceutical firm developing and commercializing innovative therapies for gastrointestinal, cardiorenal and metabolic diseases with high unmet medical needs. Its lead product is approved in the US for irritable bowel syndrome with constipation, and it holds a robust pipeline of early and late-stage drug candidates.

ABR vs ARDX — Head-to-Head

Bigger by revenue
ABR
ABR
1.4× larger
ABR
$133.4M
$94.5M
ARDX
Growing faster (revenue YoY)
ARDX
ARDX
+39.5% gap
ARDX
27.5%
-12.1%
ABR
Faster 2-yr revenue CAGR
ARDX
ARDX
Annualised
ARDX
13.6%
-8.9%
ABR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ABR
ABR
ARDX
ARDX
Revenue
$133.4M
$94.5M
Net Profit
$-37.6M
Gross Margin
Operating Margin
Net Margin
-39.8%
Revenue YoY
-12.1%
27.5%
Net Profit YoY
EPS (diluted)
$0.08
$-0.15

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABR
ABR
ARDX
ARDX
Q1 26
$94.5M
Q4 25
$133.4M
$125.2M
Q3 25
$112.4M
$110.3M
Q2 25
$130.4M
$97.7M
Q1 25
$134.2M
$74.1M
Q4 24
$151.7M
$116.1M
Q3 24
$156.7M
$98.2M
Q2 24
$153.1M
$73.2M
Net Profit
ABR
ABR
ARDX
ARDX
Q1 26
$-37.6M
Q4 25
$-407.0K
Q3 25
$52.0M
$-969.0K
Q2 25
$36.3M
$-19.1M
Q1 25
$43.4M
$-41.1M
Q4 24
$4.6M
Q3 24
$73.5M
$-809.0K
Q2 24
$61.8M
$-16.5M
Gross Margin
ABR
ABR
ARDX
ARDX
Q1 26
Q4 25
91.3%
Q3 25
96.4%
Q2 25
87.3%
Q1 25
83.4%
Q4 24
84.3%
Q3 24
84.0%
Q2 24
87.1%
Operating Margin
ABR
ABR
ARDX
ARDX
Q1 26
Q4 25
4.1%
Q3 25
4.2%
Q2 25
-14.7%
Q1 25
-49.0%
Q4 24
7.0%
Q3 24
2.3%
Q2 24
-18.6%
Net Margin
ABR
ABR
ARDX
ARDX
Q1 26
-39.8%
Q4 25
-0.3%
Q3 25
46.3%
-0.9%
Q2 25
27.8%
-19.5%
Q1 25
32.3%
-55.5%
Q4 24
4.0%
Q3 24
46.9%
-0.8%
Q2 24
40.4%
-22.5%
EPS (diluted)
ABR
ABR
ARDX
ARDX
Q1 26
$-0.15
Q4 25
$0.08
$-0.01
Q3 25
$0.20
$0.00
Q2 25
$0.12
$-0.08
Q1 25
$0.16
$-0.17
Q4 24
$0.31
$0.01
Q3 24
$0.31
$0.00
Q2 24
$0.25
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABR
ABR
ARDX
ARDX
Cash + ST InvestmentsLiquidity on hand
$482.9M
$238.1M
Total DebtLower is stronger
$11.1B
$203.5M
Stockholders' EquityBook value
$3.0B
$148.6M
Total Assets
$14.5B
$504.5M
Debt / EquityLower = less leverage
3.75×
1.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABR
ABR
ARDX
ARDX
Q1 26
$238.1M
Q4 25
$482.9M
$68.0M
Q3 25
$423.4M
$42.7M
Q2 25
$255.7M
$90.0M
Q1 25
$308.8M
$30.8M
Q4 24
$503.8M
$64.9M
Q3 24
$687.5M
$47.4M
Q2 24
$737.5M
$41.9M
Total Debt
ABR
ABR
ARDX
ARDX
Q1 26
$203.5M
Q4 25
$11.1B
$202.8M
Q3 25
$10.4B
$202.1M
Q2 25
$10.1B
$201.4M
Q1 25
$9.9B
$151.3M
Q4 24
$10.0B
$150.9M
Q3 24
$10.3B
$100.7M
Q2 24
$10.6B
$100.2M
Stockholders' Equity
ABR
ABR
ARDX
ARDX
Q1 26
$148.6M
Q4 25
$3.0B
$166.9M
Q3 25
$3.0B
$154.3M
Q2 25
$3.0B
$139.5M
Q1 25
$3.0B
$145.7M
Q4 24
$3.0B
$173.3M
Q3 24
$3.0B
$158.3M
Q2 24
$3.1B
$147.0M
Total Assets
ABR
ABR
ARDX
ARDX
Q1 26
$504.5M
Q4 25
$14.5B
$501.6M
Q3 25
$13.9B
$486.2M
Q2 25
$13.6B
$466.8M
Q1 25
$13.4B
$410.2M
Q4 24
$13.5B
$435.8M
Q3 24
$13.9B
$367.9M
Q2 24
$14.2B
$343.5M
Debt / Equity
ABR
ABR
ARDX
ARDX
Q1 26
1.37×
Q4 25
3.75×
1.21×
Q3 25
3.47×
1.31×
Q2 25
3.40×
1.44×
Q1 25
3.29×
1.04×
Q4 24
3.29×
0.87×
Q3 24
3.40×
0.64×
Q2 24
3.47×
0.68×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABR
ABR
ARDX
ARDX
Operating Cash FlowLast quarter
$372.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABR
ABR
ARDX
ARDX
Q1 26
Q4 25
$372.4M
$21.0M
Q3 25
$178.7M
$365.0K
Q2 25
$60.0M
$-25.3M
Q1 25
$150.5M
$-38.5M
Q4 24
$461.5M
$9.8M
Q3 24
$85.0M
$501.0K
Q2 24
$69.9M
$-19.4M
Free Cash Flow
ABR
ABR
ARDX
ARDX
Q1 26
Q4 25
$20.6M
Q3 25
$209.0K
Q2 25
$-26.0M
Q1 25
$-38.8M
Q4 24
$9.2M
Q3 24
$364.0K
Q2 24
$-19.5M
FCF Margin
ABR
ABR
ARDX
ARDX
Q1 26
Q4 25
16.4%
Q3 25
0.2%
Q2 25
-26.6%
Q1 25
-52.3%
Q4 24
7.9%
Q3 24
0.4%
Q2 24
-26.7%
Capex Intensity
ABR
ABR
ARDX
ARDX
Q1 26
Q4 25
0.3%
Q3 25
0.1%
Q2 25
0.7%
Q1 25
0.4%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.2%
Cash Conversion
ABR
ABR
ARDX
ARDX
Q1 26
Q4 25
Q3 25
3.44×
Q2 25
1.65×
Q1 25
3.47×
Q4 24
2.11×
Q3 24
1.16×
Q2 24
1.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ABR
ABR

Segment breakdown not available.

ARDX
ARDX

IBSRELA$70.1M74%
XPHOZAH$23.3M25%
Non-cash royalty revenue related to the sale of future royalties$695.0K1%
Product supply revenue$354.0K0%

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