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Side-by-side financial comparison of ARDELYX, INC. (ARDX) and Live Oak Bancshares, Inc. (LOB). Click either name above to swap in a different company.

Live Oak Bancshares, Inc. is the larger business by last-quarter revenue ($145.5M vs $94.5M, roughly 1.5× ARDELYX, INC.). Live Oak Bancshares, Inc. runs the higher net margin — 19.2% vs -39.8%, a 59.0% gap on every dollar of revenue. On growth, ARDELYX, INC. posted the faster year-over-year revenue change (27.5% vs 18.4%). Over the past eight quarters, ARDELYX, INC.'s revenue compounded faster (13.6% CAGR vs 7.7%).

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.

Live Oak Bank, a subsidiary of Live Oak Bancshares, Inc., is an American bank. Headquartered in Wilmington, North Carolina, it serves small business owners in all 50 states and was the leading SBA 7(a) lender by dollar volume in 2022.

ARDX vs LOB — Head-to-Head

Bigger by revenue
LOB
LOB
1.5× larger
LOB
$145.5M
$94.5M
ARDX
Growing faster (revenue YoY)
ARDX
ARDX
+9.1% gap
ARDX
27.5%
18.4%
LOB
Higher net margin
LOB
LOB
59.0% more per $
LOB
19.2%
-39.8%
ARDX
Faster 2-yr revenue CAGR
ARDX
ARDX
Annualised
ARDX
13.6%
7.7%
LOB

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ARDX
ARDX
LOB
LOB
Revenue
$94.5M
$145.5M
Net Profit
$-37.6M
$27.9M
Gross Margin
Operating Margin
Net Margin
-39.8%
19.2%
Revenue YoY
27.5%
18.4%
Net Profit YoY
187.6%
EPS (diluted)
$-0.15
$0.60

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
LOB
LOB
Q1 26
$94.5M
$145.5M
Q4 25
$125.2M
$161.9M
Q3 25
$110.3M
$146.1M
Q2 25
$97.7M
$143.7M
Q1 25
$74.1M
$126.1M
Q4 24
$116.1M
$116.9M
Q3 24
$98.2M
$129.9M
Q2 24
$73.2M
$125.5M
Net Profit
ARDX
ARDX
LOB
LOB
Q1 26
$-37.6M
$27.9M
Q4 25
$-407.0K
$46.2M
Q3 25
$-969.0K
$26.5M
Q2 25
$-19.1M
$23.4M
Q1 25
$-41.1M
$9.7M
Q4 24
$4.6M
$9.9M
Q3 24
$-809.0K
$13.0M
Q2 24
$-16.5M
$27.0M
Gross Margin
ARDX
ARDX
LOB
LOB
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
LOB
LOB
Q1 26
Q4 25
4.1%
38.2%
Q3 25
4.2%
25.0%
Q2 25
-14.7%
21.7%
Q1 25
-49.0%
10.4%
Q4 24
7.0%
11.3%
Q3 24
2.3%
13.7%
Q2 24
-18.6%
28.7%
Net Margin
ARDX
ARDX
LOB
LOB
Q1 26
-39.8%
19.2%
Q4 25
-0.3%
28.5%
Q3 25
-0.9%
18.1%
Q2 25
-19.5%
16.3%
Q1 25
-55.5%
7.7%
Q4 24
4.0%
8.5%
Q3 24
-0.8%
10.0%
Q2 24
-22.5%
21.5%
EPS (diluted)
ARDX
ARDX
LOB
LOB
Q1 26
$-0.15
$0.60
Q4 25
$-0.01
$0.96
Q3 25
$0.00
$0.55
Q2 25
$-0.08
$0.51
Q1 25
$-0.17
$0.21
Q4 24
$0.01
$0.22
Q3 24
$0.00
$0.28
Q2 24
$-0.07
$0.59

Balance Sheet & Financial Strength

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

Metric
ARDX
ARDX
LOB
LOB
Cash + ST InvestmentsLiquidity on hand
$238.1M
Total DebtLower is stronger
$203.5M
Stockholders' EquityBook value
$148.6M
$1.3B
Total Assets
$504.5M
$15.3B
Debt / EquityLower = less leverage
1.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDX
ARDX
LOB
LOB
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
LOB
LOB
Q1 26
$203.5M
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
Stockholders' Equity
ARDX
ARDX
LOB
LOB
Q1 26
$148.6M
$1.3B
Q4 25
$166.9M
$1.2B
Q3 25
$154.3M
$1.2B
Q2 25
$139.5M
$1.1B
Q1 25
$145.7M
$1.0B
Q4 24
$173.3M
$999.0M
Q3 24
$158.3M
$1.0B
Q2 24
$147.0M
$961.0M
Total Assets
ARDX
ARDX
LOB
LOB
Q1 26
$504.5M
$15.3B
Q4 25
$501.6M
$15.1B
Q3 25
$486.2M
$14.7B
Q2 25
$466.8M
$13.8B
Q1 25
$410.2M
$13.6B
Q4 24
$435.8M
$12.9B
Q3 24
$367.9M
$12.6B
Q2 24
$343.5M
$11.9B
Debt / Equity
ARDX
ARDX
LOB
LOB
Q1 26
1.37×
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×

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%

LOB
LOB

Segment breakdown not available.

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