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Side-by-side financial comparison of ARDELYX, INC. (ARDX) and GERMAN AMERICAN BANCORP, INC. (GABC). Click either name above to swap in a different company.

GERMAN AMERICAN BANCORP, INC. is the larger business by last-quarter revenue ($126.7M vs $125.2M, roughly 1.0× ARDELYX, INC.). On growth, GERMAN AMERICAN BANCORP, INC. posted the faster year-over-year revenue change (39.7% vs 7.8%). Over the past eight quarters, ARDELYX, INC.'s revenue compounded faster (30.8% CAGR vs 22.7%).

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.

American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan.

ARDX vs GABC — Head-to-Head

Bigger by revenue
GABC
GABC
1.0× larger
GABC
$126.7M
$125.2M
ARDX
Growing faster (revenue YoY)
GABC
GABC
+31.9% gap
GABC
39.7%
7.8%
ARDX
Faster 2-yr revenue CAGR
ARDX
ARDX
Annualised
ARDX
30.8%
22.7%
GABC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ARDX
ARDX
GABC
GABC
Revenue
$125.2M
$126.7M
Net Profit
$35.7M
Gross Margin
Operating Margin
34.6%
Net Margin
28.2%
Revenue YoY
7.8%
39.7%
Net Profit YoY
53.7%
EPS (diluted)
$0.00
$0.98

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
ARDX
ARDX
GABC
GABC
Q1 26
$125.2M
Q4 25
$125.2M
$126.7M
Q3 25
$110.3M
$126.5M
Q2 25
$97.7M
$123.2M
Q1 25
$74.1M
$111.1M
Q4 24
$116.1M
$90.7M
Q3 24
$98.2M
$88.5M
Q2 24
$73.2M
$90.5M
Net Profit
ARDX
ARDX
GABC
GABC
Q1 26
Q4 25
$-407.0K
$35.7M
Q3 25
$-969.0K
$35.1M
Q2 25
$-19.1M
$31.4M
Q1 25
$-41.1M
$10.5M
Q4 24
$4.6M
$23.2M
Q3 24
$-809.0K
$21.0M
Q2 24
$-16.5M
$20.5M
Gross Margin
ARDX
ARDX
GABC
GABC
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
ARDX
ARDX
GABC
GABC
Q1 26
Q4 25
4.1%
34.6%
Q3 25
4.2%
34.6%
Q2 25
-14.7%
31.8%
Q1 25
-49.0%
12.0%
Q4 24
7.0%
31.6%
Q3 24
2.3%
29.0%
Q2 24
-18.6%
29.4%
Net Margin
ARDX
ARDX
GABC
GABC
Q1 26
Q4 25
-0.3%
28.2%
Q3 25
-0.9%
27.7%
Q2 25
-19.5%
25.5%
Q1 25
-55.5%
9.5%
Q4 24
4.0%
25.6%
Q3 24
-0.8%
23.8%
Q2 24
-22.5%
22.7%
EPS (diluted)
ARDX
ARDX
GABC
GABC
Q1 26
$0.00
Q4 25
$-0.01
$0.98
Q3 25
$0.00
$0.94
Q2 25
$-0.08
$0.84
Q1 25
$-0.17
$0.30
Q4 24
$0.01
$0.79
Q3 24
$0.00
$0.71
Q2 24
$-0.07
$0.69

Balance Sheet & Financial Strength

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

Metric
ARDX
ARDX
GABC
GABC
Cash + ST InvestmentsLiquidity on hand
$264.7M
Total DebtLower is stronger
$202.8M
$100.0M
Stockholders' EquityBook value
$166.9M
$1.2B
Total Assets
$501.6M
$8.4B
Debt / EquityLower = less leverage
1.21×
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDX
ARDX
GABC
GABC
Q1 26
$264.7M
Q4 25
$68.0M
Q3 25
$42.7M
Q2 25
$90.0M
Q1 25
$30.8M
Q4 24
$64.9M
Q3 24
$47.4M
Q2 24
$41.9M
Total Debt
ARDX
ARDX
GABC
GABC
Q1 26
$202.8M
Q4 25
$202.8M
$100.0M
Q3 25
$202.1M
Q2 25
$201.4M
Q1 25
$151.3M
Q4 24
$150.9M
$114.6M
Q3 24
$100.7M
Q2 24
$100.2M
Stockholders' Equity
ARDX
ARDX
GABC
GABC
Q1 26
$166.9M
Q4 25
$166.9M
$1.2B
Q3 25
$154.3M
$1.1B
Q2 25
$139.5M
$1.1B
Q1 25
$145.7M
$1.0B
Q4 24
$173.3M
$715.1M
Q3 24
$158.3M
$744.6M
Q2 24
$147.0M
$687.8M
Total Assets
ARDX
ARDX
GABC
GABC
Q1 26
$501.6M
Q4 25
$501.6M
$8.4B
Q3 25
$486.2M
$8.4B
Q2 25
$466.8M
$8.3B
Q1 25
$410.2M
$8.4B
Q4 24
$435.8M
$6.3B
Q3 24
$367.9M
$6.3B
Q2 24
$343.5M
$6.2B
Debt / Equity
ARDX
ARDX
GABC
GABC
Q1 26
1.21×
Q4 25
1.21×
0.09×
Q3 25
1.31×
Q2 25
1.44×
Q1 25
1.04×
Q4 24
0.87×
0.16×
Q3 24
0.64×
Q2 24
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
ARDX
ARDX
GABC
GABC
Operating Cash FlowLast quarter
$159.3M
Free Cash FlowOCF − Capex
$154.0M
FCF MarginFCF / Revenue
121.6%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
4.46×
TTM Free Cash FlowTrailing 4 quarters
$267.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDX
ARDX
GABC
GABC
Q1 26
Q4 25
$21.0M
$159.3M
Q3 25
$365.0K
$51.8M
Q2 25
$-25.3M
$26.9M
Q1 25
$-38.5M
$37.9M
Q4 24
$9.8M
$95.8M
Q3 24
$501.0K
$24.5M
Q2 24
$-19.4M
$18.7M
Free Cash Flow
ARDX
ARDX
GABC
GABC
Q1 26
Q4 25
$20.6M
$154.0M
Q3 25
$209.0K
$50.1M
Q2 25
$-26.0M
$26.2M
Q1 25
$-38.8M
$36.7M
Q4 24
$9.2M
$90.7M
Q3 24
$364.0K
$23.0M
Q2 24
$-19.5M
$17.0M
FCF Margin
ARDX
ARDX
GABC
GABC
Q1 26
Q4 25
16.4%
121.6%
Q3 25
0.2%
39.6%
Q2 25
-26.6%
21.2%
Q1 25
-52.3%
33.0%
Q4 24
7.9%
100.1%
Q3 24
0.4%
26.0%
Q2 24
-26.7%
18.8%
Capex Intensity
ARDX
ARDX
GABC
GABC
Q1 26
Q4 25
0.3%
4.2%
Q3 25
0.1%
1.3%
Q2 25
0.7%
0.6%
Q1 25
0.4%
1.1%
Q4 24
0.5%
5.6%
Q3 24
0.1%
1.7%
Q2 24
0.2%
1.8%
Cash Conversion
ARDX
ARDX
GABC
GABC
Q1 26
Q4 25
4.46×
Q3 25
1.48×
Q2 25
0.86×
Q1 25
3.61×
Q4 24
2.11×
4.13×
Q3 24
1.16×
Q2 24
0.91×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARDX
ARDX

IBSRELA$86.6M69%
XPHOZAH$27.8M22%
Product supply revenue$9.4M8%
Non-cash royalty revenue related to the sale of future royalties$1.4M1%
Licensing revenue$23.0K0%

GABC
GABC

Segment breakdown not available.

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