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Side-by-side financial comparison of Akebia Therapeutics, Inc. (AKBA) and Armour Residential REIT, Inc. (ARR). Click either name above to swap in a different company.

Akebia Therapeutics, Inc. is the larger business by last-quarter revenue ($57.6M vs $50.4M, roughly 1.1× Armour Residential REIT, Inc.). On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 23.9%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 32.9%).

Akebia Therapeutics is a biopharmaceutical company dedicated to developing and commercializing novel therapies for patients with kidney diseases, particularly anemia linked to chronic kidney disease. It operates across global markets, focusing on addressing unmet medical needs in the nephrology care segment.

Armour Residential REIT, Inc. is a U.S.-based real estate investment trust that primarily invests in agency residential mortgage-backed securities guaranteed by U.S. government-sponsored entities. It focuses on generating consistent long-term net income for shareholders via strategic asset management and active interest rate risk mitigation.

AKBA vs ARR — Head-to-Head

Bigger by revenue
AKBA
AKBA
1.1× larger
AKBA
$57.6M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+274.0% gap
ARR
297.9%
23.9%
AKBA
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
32.9%
AKBA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AKBA
AKBA
ARR
ARR
Revenue
$57.6M
$50.4M
Net Profit
$211.7M
Gross Margin
78.2%
Operating Margin
-14.8%
Net Margin
420.2%
Revenue YoY
23.9%
297.9%
Net Profit YoY
555.9%
EPS (diluted)
$-0.05
$2.43

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
AKBA
AKBA
ARR
ARR
Q4 25
$57.6M
$50.4M
Q3 25
$58.8M
$38.5M
Q2 25
$62.5M
$33.1M
Q1 25
$57.3M
$36.3M
Q4 24
$46.5M
$12.7M
Q3 24
$37.4M
Q2 24
$43.6M
$7.0M
Q1 24
$32.6M
Net Profit
AKBA
AKBA
ARR
ARR
Q4 25
$211.7M
Q3 25
$540.0K
$159.3M
Q2 25
$247.0K
$-75.6M
Q1 25
$6.1M
$27.3M
Q4 24
$-46.4M
Q3 24
$-20.0M
Q2 24
$-8.6M
$-48.4M
Q1 24
$-18.0M
Gross Margin
AKBA
AKBA
ARR
ARR
Q4 25
78.2%
Q3 25
84.0%
Q2 25
84.1%
Q1 25
86.7%
Q4 24
56.2%
Q3 24
62.2%
Q2 24
60.9%
Q1 24
64.4%
Operating Margin
AKBA
AKBA
ARR
ARR
Q4 25
-14.8%
Q3 25
7.6%
Q2 25
22.6%
Q1 25
23.6%
Q4 24
-30.8%
Q3 24
-33.4%
Q2 24
-20.0%
Q1 24
-45.8%
Net Margin
AKBA
AKBA
ARR
ARR
Q4 25
420.2%
Q3 25
0.9%
413.5%
Q2 25
0.4%
-228.4%
Q1 25
10.7%
75.2%
Q4 24
-366.8%
Q3 24
-53.5%
Q2 24
-19.7%
-693.8%
Q1 24
-55.2%
EPS (diluted)
AKBA
AKBA
ARR
ARR
Q4 25
$-0.05
$2.43
Q3 25
$0.00
$1.49
Q2 25
$0.00
$-0.94
Q1 25
$0.03
$0.32
Q4 24
$-0.10
$-0.91
Q3 24
$-0.10
Q2 24
$-0.04
$-1.05
Q1 24
$-0.09

Balance Sheet & Financial Strength

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

Metric
AKBA
AKBA
ARR
ARR
Cash + ST InvestmentsLiquidity on hand
$184.8M
$63.3M
Total DebtLower is stronger
$48.3M
Stockholders' EquityBook value
$32.6M
$2.3B
Total Assets
$376.6M
$21.0B
Debt / EquityLower = less leverage
1.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AKBA
AKBA
ARR
ARR
Q4 25
$184.8M
$63.3M
Q3 25
$166.4M
$44.2M
Q2 25
$137.3M
$141.2M
Q1 25
$113.4M
$49.1M
Q4 24
$51.9M
$68.0M
Q3 24
$34.0M
Q2 24
$39.5M
$126.6M
Q1 24
$42.0M
Total Debt
AKBA
AKBA
ARR
ARR
Q4 25
$48.3M
Q3 25
$47.6M
Q2 25
$47.1M
Q1 25
$46.5M
Q4 24
$38.7M
Q3 24
$38.4M
Q2 24
$38.0M
Q1 24
$30.1M
Stockholders' Equity
AKBA
AKBA
ARR
ARR
Q4 25
$32.6M
$2.3B
Q3 25
$41.6M
$2.1B
Q2 25
$29.2M
$1.7B
Q1 25
$24.6M
$1.7B
Q4 24
$-49.2M
$1.4B
Q3 24
$-50.4M
Q2 24
$-33.8M
$1.2B
Q1 24
$-27.3M
Total Assets
AKBA
AKBA
ARR
ARR
Q4 25
$376.6M
$21.0B
Q3 25
$364.2M
$19.4B
Q2 25
$345.6M
$16.2B
Q1 25
$310.2M
$15.5B
Q4 24
$220.7M
$13.5B
Q3 24
$207.1M
Q2 24
$220.2M
$10.1B
Q1 24
$225.5M
Debt / Equity
AKBA
AKBA
ARR
ARR
Q4 25
1.48×
Q3 25
1.15×
Q2 25
1.61×
Q1 25
1.89×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
AKBA
AKBA
ARR
ARR
Operating Cash FlowLast quarter
$31.1M
$124.2M
Free Cash FlowOCF − Capex
$31.1M
FCF MarginFCF / Revenue
53.9%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$67.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AKBA
AKBA
ARR
ARR
Q4 25
$31.1M
$124.2M
Q3 25
$28.1M
$-37.8M
Q2 25
$22.3M
$25.0M
Q1 25
$-13.6M
$101.5M
Q4 24
$-4.5M
$261.5M
Q3 24
$-6.7M
Q2 24
$-10.1M
$27.1M
Q1 24
$-19.4M
Free Cash Flow
AKBA
AKBA
ARR
ARR
Q4 25
$31.1M
Q3 25
$28.0M
Q2 25
$22.2M
Q1 25
$-13.6M
Q4 24
$-4.5M
Q3 24
$-6.7M
Q2 24
$-10.1M
Q1 24
FCF Margin
AKBA
AKBA
ARR
ARR
Q4 25
53.9%
Q3 25
47.7%
Q2 25
35.6%
Q1 25
-23.7%
Q4 24
-9.6%
Q3 24
-17.9%
Q2 24
-23.1%
Q1 24
Capex Intensity
AKBA
AKBA
ARR
ARR
Q4 25
0.1%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.0%
Cash Conversion
AKBA
AKBA
ARR
ARR
Q4 25
0.59×
Q3 25
52.05×
-0.24×
Q2 25
90.47×
Q1 25
-2.22×
3.71×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AKBA
AKBA

Auryxia$48.1M84%
Vafseo$6.2M11%
License Collaboration And Other Revenue$3.3M6%

ARR
ARR

Segment breakdown not available.

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