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

Wingstop Inc. is the larger business by last-quarter revenue ($183.7M vs $94.5M, roughly 1.9× ARDELYX, INC.). Wingstop Inc. runs the higher net margin — 16.3% vs -39.8%, a 56.1% gap on every dollar of revenue. On growth, ARDELYX, INC. posted the faster year-over-year revenue change (27.5% vs 7.4%). Over the past eight quarters, ARDELYX, INC.'s revenue compounded faster (13.6% CAGR vs 8.6%).

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.

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.

ARDX vs WING — Head-to-Head

Bigger by revenue
WING
WING
1.9× larger
WING
$183.7M
$94.5M
ARDX
Growing faster (revenue YoY)
ARDX
ARDX
+20.1% gap
ARDX
27.5%
7.4%
WING
Higher net margin
WING
WING
56.1% more per $
WING
16.3%
-39.8%
ARDX
Faster 2-yr revenue CAGR
ARDX
ARDX
Annualised
ARDX
13.6%
8.6%
WING

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ARDX
ARDX
WING
WING
Revenue
$94.5M
$183.7M
Net Profit
$-37.6M
$29.9M
Gross Margin
86.5%
Operating Margin
27.4%
Net Margin
-39.8%
16.3%
Revenue YoY
27.5%
7.4%
Net Profit YoY
EPS (diluted)
$-0.15
$1.08

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
WING
WING
Q1 26
$94.5M
$183.7M
Q4 25
$125.2M
$175.7M
Q3 25
$110.3M
$175.7M
Q2 25
$97.7M
$174.3M
Q1 25
$74.1M
$171.1M
Q4 24
$116.1M
$161.8M
Q3 24
$98.2M
$162.5M
Q2 24
$73.2M
$155.7M
Net Profit
ARDX
ARDX
WING
WING
Q1 26
$-37.6M
$29.9M
Q4 25
$-407.0K
$26.8M
Q3 25
$-969.0K
$28.5M
Q2 25
$-19.1M
$26.8M
Q1 25
$-41.1M
$92.3M
Q4 24
$4.6M
$26.8M
Q3 24
$-809.0K
$25.7M
Q2 24
$-16.5M
$27.5M
Gross Margin
ARDX
ARDX
WING
WING
Q1 26
86.5%
Q4 25
91.3%
Q3 25
96.4%
Q2 25
87.3%
Q1 25
83.4%
Q4 24
84.3%
85.6%
Q3 24
84.0%
85.0%
Q2 24
87.1%
85.4%
Operating Margin
ARDX
ARDX
WING
WING
Q1 26
27.4%
Q4 25
4.1%
26.7%
Q3 25
4.2%
27.9%
Q2 25
-14.7%
25.9%
Q1 25
-49.0%
22.4%
Q4 24
7.0%
25.9%
Q3 24
2.3%
24.5%
Q2 24
-18.6%
26.5%
Net Margin
ARDX
ARDX
WING
WING
Q1 26
-39.8%
16.3%
Q4 25
-0.3%
15.2%
Q3 25
-0.9%
16.2%
Q2 25
-19.5%
15.4%
Q1 25
-55.5%
53.9%
Q4 24
4.0%
16.5%
Q3 24
-0.8%
15.8%
Q2 24
-22.5%
17.7%
EPS (diluted)
ARDX
ARDX
WING
WING
Q1 26
$-0.15
$1.08
Q4 25
$-0.01
$0.99
Q3 25
$0.00
$1.02
Q2 25
$-0.08
$0.96
Q1 25
$-0.17
$3.24
Q4 24
$0.01
$0.91
Q3 24
$0.00
$0.88
Q2 24
$-0.07
$0.93

Balance Sheet & Financial Strength

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

Metric
ARDX
ARDX
WING
WING
Cash + ST InvestmentsLiquidity on hand
$238.1M
$128.8M
Total DebtLower is stronger
$203.5M
Stockholders' EquityBook value
$148.6M
Total Assets
$504.5M
$648.9M
Debt / EquityLower = less leverage
1.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDX
ARDX
WING
WING
Q1 26
$238.1M
$128.8M
Q4 25
$68.0M
$196.6M
Q3 25
$42.7M
$237.6M
Q2 25
$90.0M
$227.9M
Q1 25
$30.8M
$251.4M
Q4 24
$64.9M
$315.9M
Q3 24
$47.4M
$84.0M
Q2 24
$41.9M
$96.7M
Total Debt
ARDX
ARDX
WING
WING
Q1 26
$203.5M
Q4 25
$202.8M
$1.2B
Q3 25
$202.1M
Q2 25
$201.4M
Q1 25
$151.3M
Q4 24
$150.9M
$1.2B
Q3 24
$100.7M
Q2 24
$100.2M
Stockholders' Equity
ARDX
ARDX
WING
WING
Q1 26
$148.6M
Q4 25
$166.9M
$-736.8M
Q3 25
$154.3M
$-702.6M
Q2 25
$139.5M
$-686.0M
Q1 25
$145.7M
$-715.0M
Q4 24
$173.3M
$-675.6M
Q3 24
$158.3M
$-447.5M
Q2 24
$147.0M
$-437.5M
Total Assets
ARDX
ARDX
WING
WING
Q1 26
$504.5M
$648.9M
Q4 25
$501.6M
$693.4M
Q3 25
$486.2M
$721.0M
Q2 25
$466.8M
$708.3M
Q1 25
$410.2M
$696.8M
Q4 24
$435.8M
$716.2M
Q3 24
$367.9M
$484.8M
Q2 24
$343.5M
$451.8M
Debt / Equity
ARDX
ARDX
WING
WING
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%

WING
WING

Royalty revenue, franchise fees and other$87.5M48%
Advertising fees$63.3M34%
Company-owned restaurant sales$33.0M18%

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