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

WisdomTree, Inc. is the larger business by last-quarter revenue ($147.4M vs $125.2M, roughly 1.2× ARDELYX, INC.). On growth, WisdomTree, Inc. posted the faster year-over-year revenue change (33.2% vs 7.8%). Over the past eight quarters, ARDELYX, INC.'s revenue compounded faster (30.8% CAGR vs 23.4%).

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.

WisdomTree, Inc. is a global exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager with headquarters in New York. WisdomTree launched its first ETFs in June 2006, and became one of the major ETF providers in the United States. WisdomTree sponsors different ETFs that span asset classes and countries worldwide. Categories include: U.S. and International Equity, Currency, Fixed Income and Alternatives.

ARDX vs WT — Head-to-Head

Bigger by revenue
WT
WT
1.2× larger
WT
$147.4M
$125.2M
ARDX
Growing faster (revenue YoY)
WT
WT
+25.4% gap
WT
33.2%
7.8%
ARDX
Faster 2-yr revenue CAGR
ARDX
ARDX
Annualised
ARDX
30.8%
23.4%
WT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ARDX
ARDX
WT
WT
Revenue
$125.2M
$147.4M
Net Profit
$40.0M
Gross Margin
Operating Margin
40.5%
Net Margin
27.1%
Revenue YoY
7.8%
33.2%
Net Profit YoY
46.6%
EPS (diluted)
$0.00
$0.28

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
WT
WT
Q1 26
$125.2M
Q4 25
$125.2M
$147.4M
Q3 25
$110.3M
$125.6M
Q2 25
$97.7M
$112.6M
Q1 25
$74.1M
$108.1M
Q4 24
$116.1M
$110.7M
Q3 24
$98.2M
$113.2M
Q2 24
$73.2M
$107.0M
Net Profit
ARDX
ARDX
WT
WT
Q1 26
Q4 25
$-407.0K
$40.0M
Q3 25
$-969.0K
$19.7M
Q2 25
$-19.1M
$24.8M
Q1 25
$-41.1M
$24.6M
Q4 24
$4.6M
$27.3M
Q3 24
$-809.0K
$-4.5M
Q2 24
$-16.5M
$21.8M
Gross Margin
ARDX
ARDX
WT
WT
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
WT
WT
Q1 26
Q4 25
4.1%
40.5%
Q3 25
4.2%
36.3%
Q2 25
-14.7%
30.8%
Q1 25
-49.0%
31.6%
Q4 24
7.0%
31.7%
Q3 24
2.3%
36.0%
Q2 24
-18.6%
31.3%
Net Margin
ARDX
ARDX
WT
WT
Q1 26
Q4 25
-0.3%
27.1%
Q3 25
-0.9%
15.7%
Q2 25
-19.5%
22.0%
Q1 25
-55.5%
22.8%
Q4 24
4.0%
24.7%
Q3 24
-0.8%
-4.0%
Q2 24
-22.5%
20.3%
EPS (diluted)
ARDX
ARDX
WT
WT
Q1 26
$0.00
Q4 25
$-0.01
$0.28
Q3 25
$0.00
$0.13
Q2 25
$-0.08
$0.17
Q1 25
$-0.17
$0.17
Q4 24
$0.01
$0.20
Q3 24
$0.00
$-0.13
Q2 24
$-0.07
$0.13

Balance Sheet & Financial Strength

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

Metric
ARDX
ARDX
WT
WT
Cash + ST InvestmentsLiquidity on hand
$264.7M
Total DebtLower is stronger
$202.8M
Stockholders' EquityBook value
$166.9M
$413.7M
Total Assets
$501.6M
$1.5B
Debt / EquityLower = less leverage
1.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDX
ARDX
WT
WT
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
$132.5M
Total Debt
ARDX
ARDX
WT
WT
Q1 26
$202.8M
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
WT
WT
Q1 26
$166.9M
Q4 25
$166.9M
$413.7M
Q3 25
$154.3M
$373.4M
Q2 25
$139.5M
$445.1M
Q1 25
$145.7M
$415.6M
Q4 24
$173.3M
$400.0M
Q3 24
$158.3M
$374.9M
Q2 24
$147.0M
$445.6M
Total Assets
ARDX
ARDX
WT
WT
Q1 26
$501.6M
Q4 25
$501.6M
$1.5B
Q3 25
$486.2M
$1.4B
Q2 25
$466.8M
$1.1B
Q1 25
$410.2M
$1.0B
Q4 24
$435.8M
$1.0B
Q3 24
$367.9M
$1.0B
Q2 24
$343.5M
$964.1M
Debt / Equity
ARDX
ARDX
WT
WT
Q1 26
1.21×
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×

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
WT
WT
Operating Cash FlowLast quarter
$147.9M
Free Cash FlowOCF − Capex
$147.7M
FCF MarginFCF / Revenue
100.2%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
3.70×
TTM Free Cash FlowTrailing 4 quarters
$240.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDX
ARDX
WT
WT
Q1 26
Q4 25
$21.0M
$147.9M
Q3 25
$365.0K
$48.1M
Q2 25
$-25.3M
$38.8M
Q1 25
$-38.5M
$6.4M
Q4 24
$9.8M
$113.5M
Q3 24
$501.0K
$47.7M
Q2 24
$-19.4M
$32.2M
Free Cash Flow
ARDX
ARDX
WT
WT
Q1 26
Q4 25
$20.6M
$147.7M
Q3 25
$209.0K
$48.0M
Q2 25
$-26.0M
$38.7M
Q1 25
$-38.8M
$6.3M
Q4 24
$9.2M
$113.3M
Q3 24
$364.0K
$47.7M
Q2 24
$-19.5M
$32.2M
FCF Margin
ARDX
ARDX
WT
WT
Q1 26
Q4 25
16.4%
100.2%
Q3 25
0.2%
38.2%
Q2 25
-26.6%
34.4%
Q1 25
-52.3%
5.9%
Q4 24
7.9%
102.4%
Q3 24
0.4%
42.1%
Q2 24
-26.7%
30.1%
Capex Intensity
ARDX
ARDX
WT
WT
Q1 26
Q4 25
0.3%
0.1%
Q3 25
0.1%
0.0%
Q2 25
0.7%
0.1%
Q1 25
0.4%
0.0%
Q4 24
0.5%
0.1%
Q3 24
0.1%
0.0%
Q2 24
0.2%
0.0%
Cash Conversion
ARDX
ARDX
WT
WT
Q1 26
Q4 25
3.70×
Q3 25
2.44×
Q2 25
1.57×
Q1 25
0.26×
Q4 24
2.11×
4.15×
Q3 24
Q2 24
1.48×

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%

WT
WT

Investment Advisory Management And Administrative Service$122.7M83%
Other Services Income$12.7M9%
IE$11.5M8%

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