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Side-by-side financial comparison of ARDELYX, INC. (ARDX) and KINGSTONE COMPANIES, INC. (KINS). Click either name above to swap in a different company.

ARDELYX, INC. is the larger business by last-quarter revenue ($94.5M vs $56.4M, roughly 1.7× KINGSTONE COMPANIES, INC.). KINGSTONE COMPANIES, INC. runs the higher net margin — 26.2% vs -39.8%, a 66.0% gap on every dollar of revenue. On growth, KINGSTONE COMPANIES, INC. posted the faster year-over-year revenue change (34.0% vs 27.5%). Over the past eight quarters, KINGSTONE COMPANIES, INC.'s revenue compounded faster (25.6% CAGR vs 13.6%).

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.

Kingstone Companies, Inc., headquartered in Kingston, New York, provides property and casualty insurance products through its subsidiary, Kingstone Insurance Company. It places contracts with the third-party licensed premium finance company through its subsidiary Payments, Inc., a NYS licensed Insurance Premium Finance Company. Kingstone Insurance Company was ranked #1 of the 81 insurers rated by the Professional Insurance Agents Association in its 2010 Company Performance Survey. The company...

ARDX vs KINS — Head-to-Head

Bigger by revenue
ARDX
ARDX
1.7× larger
ARDX
$94.5M
$56.4M
KINS
Growing faster (revenue YoY)
KINS
KINS
+6.5% gap
KINS
34.0%
27.5%
ARDX
Higher net margin
KINS
KINS
66.0% more per $
KINS
26.2%
-39.8%
ARDX
Faster 2-yr revenue CAGR
KINS
KINS
Annualised
KINS
25.6%
13.6%
ARDX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ARDX
ARDX
KINS
KINS
Revenue
$94.5M
$56.4M
Net Profit
$-37.6M
$14.8M
Gross Margin
Operating Margin
32.7%
Net Margin
-39.8%
26.2%
Revenue YoY
27.5%
34.0%
Net Profit YoY
171.4%
EPS (diluted)
$-0.15
$1.09

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
KINS
KINS
Q1 26
$94.5M
Q4 25
$125.2M
$56.4M
Q3 25
$110.3M
$55.7M
Q2 25
$97.7M
$52.3M
Q1 25
$74.1M
$50.5M
Q4 24
$116.1M
$42.1M
Q3 24
$98.2M
$40.8M
Q2 24
$73.2M
$36.5M
Net Profit
ARDX
ARDX
KINS
KINS
Q1 26
$-37.6M
Q4 25
$-407.0K
$14.8M
Q3 25
$-969.0K
$10.9M
Q2 25
$-19.1M
$11.3M
Q1 25
$-41.1M
$3.9M
Q4 24
$4.6M
$5.4M
Q3 24
$-809.0K
$7.0M
Q2 24
$-16.5M
$4.5M
Gross Margin
ARDX
ARDX
KINS
KINS
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
KINS
KINS
Q1 26
Q4 25
4.1%
32.7%
Q3 25
4.2%
24.6%
Q2 25
-14.7%
27.1%
Q1 25
-49.0%
9.3%
Q4 24
7.0%
15.9%
Q3 24
2.3%
22.3%
Q2 24
-18.6%
15.7%
Net Margin
ARDX
ARDX
KINS
KINS
Q1 26
-39.8%
Q4 25
-0.3%
26.2%
Q3 25
-0.9%
19.5%
Q2 25
-19.5%
21.5%
Q1 25
-55.5%
7.7%
Q4 24
4.0%
12.9%
Q3 24
-0.8%
17.1%
Q2 24
-22.5%
12.4%
EPS (diluted)
ARDX
ARDX
KINS
KINS
Q1 26
$-0.15
Q4 25
$-0.01
$1.09
Q3 25
$0.00
$0.74
Q2 25
$-0.08
$0.78
Q1 25
$-0.17
$0.27
Q4 24
$0.01
$0.44
Q3 24
$0.00
$0.55
Q2 24
$-0.07
$0.37

Balance Sheet & Financial Strength

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

Metric
ARDX
ARDX
KINS
KINS
Cash + ST InvestmentsLiquidity on hand
$238.1M
Total DebtLower is stronger
$203.5M
$4.4M
Stockholders' EquityBook value
$148.6M
$122.7M
Total Assets
$504.5M
$453.4M
Debt / EquityLower = less leverage
1.37×
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDX
ARDX
KINS
KINS
Q1 26
$238.1M
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
KINS
KINS
Q1 26
$203.5M
Q4 25
$202.8M
$4.4M
Q3 25
$202.1M
$4.8M
Q2 25
$201.4M
$5.1M
Q1 25
$151.3M
$5.4M
Q4 24
$150.9M
$11.2M
Q3 24
$100.7M
$17.3M
Q2 24
$100.2M
$25.3M
Stockholders' Equity
ARDX
ARDX
KINS
KINS
Q1 26
$148.6M
Q4 25
$166.9M
$122.7M
Q3 25
$154.3M
$107.7M
Q2 25
$139.5M
$94.9M
Q1 25
$145.7M
$82.2M
Q4 24
$173.3M
$66.7M
Q3 24
$158.3M
$59.7M
Q2 24
$147.0M
$40.8M
Total Assets
ARDX
ARDX
KINS
KINS
Q1 26
$504.5M
Q4 25
$501.6M
$453.4M
Q3 25
$486.2M
$428.6M
Q2 25
$466.8M
$393.4M
Q1 25
$410.2M
$385.4M
Q4 24
$435.8M
$374.9M
Q3 24
$367.9M
$347.0M
Q2 24
$343.5M
$319.8M
Debt / Equity
ARDX
ARDX
KINS
KINS
Q1 26
1.37×
Q4 25
1.21×
0.04×
Q3 25
1.31×
0.04×
Q2 25
1.44×
0.05×
Q1 25
1.04×
0.07×
Q4 24
0.87×
0.17×
Q3 24
0.64×
0.29×
Q2 24
0.68×
0.62×

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
KINS
KINS
Operating Cash FlowLast quarter
$75.9M
Free Cash FlowOCF − Capex
$73.1M
FCF MarginFCF / Revenue
129.5%
Capex IntensityCapex / Revenue
5.0%
Cash ConversionOCF / Net Profit
5.14×
TTM Free Cash FlowTrailing 4 quarters
$124.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDX
ARDX
KINS
KINS
Q1 26
Q4 25
$21.0M
$75.9M
Q3 25
$365.0K
$25.9M
Q2 25
$-25.3M
$9.3M
Q1 25
$-38.5M
$17.9M
Q4 24
$9.8M
$57.9M
Q3 24
$501.0K
$21.7M
Q2 24
$-19.4M
$7.1M
Free Cash Flow
ARDX
ARDX
KINS
KINS
Q1 26
Q4 25
$20.6M
$73.1M
Q3 25
$209.0K
$25.3M
Q2 25
$-26.0M
$8.7M
Q1 25
$-38.8M
$17.0M
Q4 24
$9.2M
$55.6M
Q3 24
$364.0K
$21.0M
Q2 24
$-19.5M
$6.6M
FCF Margin
ARDX
ARDX
KINS
KINS
Q1 26
Q4 25
16.4%
129.5%
Q3 25
0.2%
45.4%
Q2 25
-26.6%
16.6%
Q1 25
-52.3%
33.7%
Q4 24
7.9%
132.1%
Q3 24
0.4%
51.6%
Q2 24
-26.7%
18.1%
Capex Intensity
ARDX
ARDX
KINS
KINS
Q1 26
Q4 25
0.3%
5.0%
Q3 25
0.1%
1.2%
Q2 25
0.7%
1.1%
Q1 25
0.4%
1.7%
Q4 24
0.5%
5.6%
Q3 24
0.1%
1.7%
Q2 24
0.2%
1.4%
Cash Conversion
ARDX
ARDX
KINS
KINS
Q1 26
Q4 25
5.14×
Q3 25
2.38×
Q2 25
0.82×
Q1 25
4.60×
Q4 24
2.11×
10.65×
Q3 24
3.12×
Q2 24
1.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

KINS
KINS

Segment breakdown not available.

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