Akebia Ther (AKBA) financial statements
Akebia Ther reported revenue of $236M in fiscal 2025, up 75.0% a year over 9 years.
Net income was -$5M and the operating margin 9.9%, against -8889.9% in 2016.
Free cash flow was $68M.
The diluted share count rose 582% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Akebia Ther's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2M | $181M | $208M | $335M | $295M | $212M | $292M | $195M | $160M | $236M |
| Cost of revenue | — | — | $8M | $145M | $296M | $151M | $86M | $74M | $63M | $39M |
| Gross profit | — | — | $200M | $190M | -$2M | $61M | $207M | $120M | $97M | $197M |
| Research and development | $116M | $231M | $291M | $323M | $218M | $148M | $130M | $63M | $38M | $62M |
| Selling, general and admin | $22M | $27M | $87M | $149M | $154M | $174M | $139M | $100M | $107M | $107M |
| Operating income | -$136M | -$77M | -$178M | -$286M | -$378M | -$265M | -$81M | -$46M | -$50M | $23M |
| Pre-tax income | -$136M | -$74M | -$172M | -$286M | -$385M | -$282M | -$94M | -$52M | -$69M | -$4M |
| Income tax | — | — | -$28M | -$7M | $0 | $0 | $0 | $0 | $0 | $2M |
| Net income | -$136M | -$74M | -$144M | -$280M | -$385M | -$282M | -$94M | -$52M | -$69M | -$5M |
| EPS (diluted) | -$3.60 | -$1.69 | -$2.47 | -$2.36 | -$2.78 | -$1.70 | -$0.52 | -$0.28 | -$0.33 | -$0.02 |
| Diluted shares | 38M | 44M | 58M | 118M | 138M | 166M | 183M | 187M | 211M | 257M |
| Gross margin | — | — | 96.3% | 56.6% | -0.6% | 28.8% | 70.7% | 61.9% | 60.6% | 83.3% |
| Operating margin | -8889.9% | -42.3% | -85.8% | -85.5% | -128.2% | -125.0% | -27.6% | -23.8% | -31.5% | 9.9% |
| Net margin | -8843.5% | -40.7% | -69.1% | -83.5% | -130.6% | -133.3% | -32.2% | -26.7% | -43.3% | -2.3% |
Balance sheet
Fiscal years, from Akebia Ther's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $260M | $318M | $322M | $148M | $269M | $150M | $90M | $43M | $52M | $185M |
| Receivables | $34M | $34M | $17M | $39M | $27M | $52M | $40M | $39M | $34M | $47M |
| Inventory | — | — | $114M | $116M | $61M | $37M | $22M | $16M | $16M | $16M |
| Total current assets | $296M | $358M | $468M | $310M | $371M | $271M | $185M | $118M | $114M | $253M |
| Property, plant and equipment | $3M | $4M | $8M | $10M | $9M | $7M | $5M | $4M | $2M | $1M |
| Goodwill | — | — | $55M | $55M | $55M | $59M | $59M | $59M | $59M | $59M |
| Total assets | $300M | $364M | $997M | $771M | $644M | $529M | $356M | $242M | $221M | $377M |
| Total current liabilities | $114M | $141M | $266M | $208M | $187M | $261M | $130M | $100M | $81M | $163M |
| Long-term debt | — | — | — | $76M | $96M | $0 | $34M | $17M | $39M | $48M |
| Total liabilities | $232M | $242M | $361M | $376M | $397M | $455M | $351M | $272M | $270M | $344M |
| Shareholders' equity | $68M | $123M | $636M | $393M | $244M | $74M | $5M | -$31M | -$49M | $33M |
| Net debt | -$187M | -$70M | -$90M | -$72M | -$132M | -$52M | -$24M | -$8M | -$13M | -$137M |
Cash flow
Fiscal years, from Akebia Ther's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $58M | -$56M | -$97M | -$257M | -$110M | -$253M | -$73M | -$23M | -$41M | $68M |
| Capital spending | $3M | $2M | $2M | $7M | $317,000 | $59,000 | $114,000 | $0 | $33,000 | $291,000 |
| Free cash flow | $55M | -$58M | -$99M | -$264M | -$111M | -$253M | -$73M | -$23M | -$41M | $68M |
| Stock-based compensation | $6M | $9M | $19M | $12M | $24M | $23M | $18M | $9M | $8M | $11M |
| Net borrowing | — | — | $0 | $78M | $20M | $0 | $0 | -$32M | $8M | $10M |
| Free cash flow margin | 3599.0% | -31.9% | -47.7% | -78.8% | -37.6% | -119.5% | -25.1% | -12.0% | -25.4% | 28.7% |
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Open AKBA in InvestinglyQuestions
What was Akebia Ther's revenue in 2025?
$236M in fiscal 2025, from its 10-K filing.
How much free cash flow does Akebia Ther generate?
$68M in fiscal 2025 (operating cash flow minus capital spending).
From Akebia Ther's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.