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Side-by-side financial comparison of ARDELYX, INC. (ARDX) and Gitlab Inc. (GTLB). Click either name above to swap in a different company.
Gitlab Inc. is the larger business by last-quarter revenue ($244.4M vs $125.2M, roughly 2.0× ARDELYX, INC.). ARDELYX, INC. runs the higher net margin — -0.3% vs -3.4%, a 3.1% gap on every dollar of revenue. On growth, Gitlab Inc. posted the faster year-over-year revenue change (24.6% vs 7.8%). Gitlab Inc. produced more free cash flow last quarter ($28.4M vs $20.6M). Over the past eight quarters, ARDELYX, INC.'s revenue compounded faster (64.9% CAGR vs 22.1%).
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.
GitLab Inc. is an American company that operates and develops GitLab, an open-core DevOps software package that can develop, secure, and operate software. GitLab includes a distributed version control system based on Git, including features such as access control, bug tracking, software feature requests, task management, and wikis for every project, as well as snippets.
ARDX vs GTLB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $125.2M | $244.4M |
| Net Profit | $-407.0K | $-8.3M |
| Gross Margin | 91.3% | 86.8% |
| Operating Margin | 4.1% | -5.1% |
| Net Margin | -0.3% | -3.4% |
| Revenue YoY | 7.8% | 24.6% |
| Net Profit YoY | -108.8% | -128.0% |
| EPS (diluted) | $-0.01 | $-0.05 |
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.
| Q4 25 | $125.2M | $244.4M | ||
| Q3 25 | $110.3M | $236.0M | ||
| Q2 25 | $97.7M | $214.5M | ||
| Q1 25 | $74.1M | $211.4M | ||
| Q4 24 | $116.1M | $196.0M | ||
| Q3 24 | $98.2M | $182.6M | ||
| Q2 24 | $73.2M | $169.2M | ||
| Q1 24 | $46.0M | $163.8M |
| Q4 25 | $-407.0K | $-8.3M | ||
| Q3 25 | $-969.0K | $-9.2M | ||
| Q2 25 | $-19.1M | $-35.9M | ||
| Q1 25 | $-41.1M | $5.8M | ||
| Q4 24 | $4.6M | $29.6M | ||
| Q3 24 | $-809.0K | $12.9M | ||
| Q2 24 | $-16.5M | $-54.6M | ||
| Q1 24 | $-26.5M | $-36.5M |
| Q4 25 | 91.3% | 86.8% | ||
| Q3 25 | 96.4% | 87.9% | ||
| Q2 25 | 87.3% | 88.3% | ||
| Q1 25 | 83.4% | 89.2% | ||
| Q4 24 | 84.3% | 88.7% | ||
| Q3 24 | 84.0% | 88.3% | ||
| Q2 24 | 87.1% | 88.9% | ||
| Q1 24 | 84.5% | 90.2% |
| Q4 25 | 4.1% | -5.1% | ||
| Q3 25 | 4.2% | -7.8% | ||
| Q2 25 | -14.7% | -16.1% | ||
| Q1 25 | -49.0% | -9.1% | ||
| Q4 24 | 7.0% | -14.7% | ||
| Q3 24 | 2.3% | -22.5% | ||
| Q2 24 | -18.6% | -31.7% | ||
| Q1 24 | -53.6% | -21.3% |
| Q4 25 | -0.3% | -3.4% | ||
| Q3 25 | -0.9% | -3.9% | ||
| Q2 25 | -19.5% | -16.7% | ||
| Q1 25 | -55.5% | 2.7% | ||
| Q4 24 | 4.0% | 15.1% | ||
| Q3 24 | -0.8% | 7.1% | ||
| Q2 24 | -22.5% | -32.3% | ||
| Q1 24 | -57.6% | -22.3% |
| Q4 25 | $-0.01 | $-0.05 | ||
| Q3 25 | $0.00 | $-0.06 | ||
| Q2 25 | $-0.08 | $-0.22 | ||
| Q1 25 | $-0.17 | $0.05 | ||
| Q4 24 | $0.01 | $0.18 | ||
| Q3 24 | $0.00 | $0.08 | ||
| Q2 24 | $-0.07 | $-0.35 | ||
| Q1 24 | $-0.11 | $-0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $68.0M | $224.2M |
| Total DebtLower is stronger | $202.8M | — |
| Stockholders' EquityBook value | $166.9M | $922.7M |
| Total Assets | $501.6M | $1.6B |
| Debt / EquityLower = less leverage | 1.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.0M | $224.2M | ||
| Q3 25 | $42.7M | $261.4M | ||
| Q2 25 | $90.0M | $255.7M | ||
| Q1 25 | $30.8M | $227.6M | ||
| Q4 24 | $64.9M | $176.6M | ||
| Q3 24 | $47.4M | $438.6M | ||
| Q2 24 | $41.9M | $420.3M | ||
| Q1 24 | $36.1M | $288.0M |
| Q4 25 | $202.8M | — | ||
| Q3 25 | $202.1M | — | ||
| Q2 25 | $201.4M | — | ||
| Q1 25 | $151.3M | — | ||
| Q4 24 | $150.9M | — | ||
| Q3 24 | $100.7M | — | ||
| Q2 24 | $100.2M | — | ||
| Q1 24 | $99.8M | — |
| Q4 25 | $166.9M | $922.7M | ||
| Q3 25 | $154.3M | $866.6M | ||
| Q2 25 | $139.5M | $808.3M | ||
| Q1 25 | $145.7M | $775.9M | ||
| Q4 24 | $173.3M | $724.7M | ||
| Q3 24 | $158.3M | $642.8M | ||
| Q2 24 | $147.0M | $567.8M | ||
| Q1 24 | $150.9M | $571.2M |
| Q4 25 | $501.6M | $1.6B | ||
| Q3 25 | $486.2M | $1.5B | ||
| Q2 25 | $466.8M | $1.4B | ||
| Q1 25 | $410.2M | $1.4B | ||
| Q4 24 | $435.8M | $1.3B | ||
| Q3 24 | $367.9M | $1.4B | ||
| Q2 24 | $343.5M | $1.3B | ||
| Q1 24 | $342.4M | $1.3B |
| Q4 25 | 1.21× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 1.44× | — | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 0.87× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.68× | — | ||
| Q1 24 | 0.66× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.0M | $31.4M |
| Free Cash FlowOCF − Capex | $20.6M | $28.4M |
| FCF MarginFCF / Revenue | 16.4% | 11.6% |
| Capex IntensityCapex / Revenue | 0.3% | 1.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-44.0M | $242.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.0M | $31.4M | ||
| Q3 25 | $365.0K | $49.4M | ||
| Q2 25 | $-25.3M | $106.3M | ||
| Q1 25 | $-38.5M | $63.2M | ||
| Q4 24 | $9.8M | $-177.0M | ||
| Q3 24 | $501.0K | $11.7M | ||
| Q2 24 | $-19.4M | $38.1M | ||
| Q1 24 | $-35.7M | $24.9M |
| Q4 25 | $20.6M | $28.4M | ||
| Q3 25 | $209.0K | $46.5M | ||
| Q2 25 | $-26.0M | $105.4M | ||
| Q1 25 | $-38.8M | $62.1M | ||
| Q4 24 | $9.2M | $-178.1M | ||
| Q3 24 | $364.0K | $10.8M | ||
| Q2 24 | $-19.5M | $37.4M | ||
| Q1 24 | $-35.9M | $24.5M |
| Q4 25 | 16.4% | 11.6% | ||
| Q3 25 | 0.2% | 19.7% | ||
| Q2 25 | -26.6% | 49.1% | ||
| Q1 25 | -52.3% | 29.4% | ||
| Q4 24 | 7.9% | -90.8% | ||
| Q3 24 | 0.4% | 5.9% | ||
| Q2 24 | -26.7% | 22.1% | ||
| Q1 24 | -77.9% | 15.0% |
| Q4 25 | 0.3% | 1.2% | ||
| Q3 25 | 0.1% | 1.2% | ||
| Q2 25 | 0.7% | 0.4% | ||
| Q1 25 | 0.4% | 0.5% | ||
| Q4 24 | 0.5% | 0.5% | ||
| Q3 24 | 0.1% | 0.5% | ||
| Q2 24 | 0.2% | 0.4% | ||
| Q1 24 | 0.3% | 0.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 10.89× | ||
| Q4 24 | 2.11× | -5.99× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARDX
| Product IBSRELA | $86.6M | 69% |
| Product XPHOZAH | $27.8M | 22% |
| Other | $10.8M | 9% |
| Non Cash Royalty Related To Sale Of Future Royalties | $1.4M | 1% |
GTLB
| Subscription And Circulation | $146.4M | 60% |
| Subscription Software As A Service | $76.9M | 31% |
| License | $15.5M | 6% |
| Professional Services And Other | $5.6M | 2% |
