A Business at a Glance
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Akebia Therapeutics, Inc.
AKBA
$326M
Mkt Cap
$1.22
+0.00%
Akebia Therapeutics, Inc. (AKBA) has a 5-year average return on invested capital (ROIC) of -79.3%. This is below average and may indicate limited pricing power.
Akebia Therapeutics, Inc. (AKBA) has a market capitalization of $327M. It is classified as a small-cap stock.
Akebia Therapeutics, Inc. (AKBA) does not currently pay a regular dividend.
Akebia Therapeutics, Inc. (AKBA) operates in the Pharmaceutical Preparations industry, within the Healthcare sector.
Akebia Therapeutics, Inc. (AKBA) reported annual revenue of $236 million in its most recent fiscal year, based on SEC EDGAR filings.
Akebia Therapeutics, Inc. (AKBA) has a net profit margin of -2.3%. The company is currently unprofitable.
Akebia Therapeutics, Inc. (AKBA) generated $68 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
We are a fully integrated biopharmaceutical company with two commercial products for patients impacted by kidney disease. We have built a business focused on developing and commercializing innovative therapeutics that we believe serve as a foundation for future growth, including by contributing net product revenue to support the development and advancement of our robust pipeline of mid-stage programs targeting rare kidney diseases and early-stage programs targeting kidney disease and non-kidney focused indications. We have established the Company as a leader in the kidney community and believe our cross-organizational expertise in kidney disease positions us for success. Chronic kidney disease, or CKD, is a condition in which the kidneys are progressively damaged to the point that they cannot properly filter the blood circulating in the body.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 232M | 236M | 160M | 195M | 292M | 212M |
| Net Income | -21M | -5.3M | -69M | -52M | -94M | -282M |
| EPS | $-0.08 | $-0.02 | $-0.33 | $-0.28 | $-0.52 | $-1.70 |
| Free Cash Flow | 60M | 68M | -41M | -23M | -73M | -253M |
| ROIC | 1.2% | 7.9% | -22.9% | -552.7% | -166.3% | -136.0% |
| Gross Margin | - | 70.9% | 77.5% | 58.0% | 60.2% | 19.8% |
| Debt/Equity | 1.79 | 1.59 | -0.97 | -2.62 | 25.39 | 1.84 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 5.3M | 23M | -50M | -46M | -81M | -265M |
| Operating Margin | 2.3% | 9.9% | -31.5% | -23.8% | -27.6% | -125.0% |
| ROE | -74.9% | 64.5% | 174.0% | 409.6% | -237.8% | -177.2% |
| Shares Outstanding | 268M | 267M | 210M | 185M | 181M | 166M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 0 | 0 | N/A | 181M | 208M | 335M | 295M | 212M | 292M | 195M | 160M | 236M | 232M |
| Gross Margin | N/A | N/A | N/A | N/A | 97.0% | 67.5% | 88.9% | 19.8% | 60.2% | 58.0% | 77.5% | 70.9% | N/A |
| R&D | 23M | 43M | 116M | 231M | 291M | 323M | 218M | 148M | 130M | 63M | 38M | 62M | 67M |
| SG&A | 15M | 18M | 22M | 27M | 87M | 149M | 154M | 174M | 139M | 100M | 107M | 107M | 112M |
| EBIT | -38M | -62M | -136M | -77M | -178M | -286M | -378M | -265M | -81M | -46M | -50M | 23M | 5.3M |
| Op. Margin | N/A | N/A | N/A | -42.3% | -85.8% | -85.5% | -128.2% | -125.0% | -27.6% | -23.8% | -31.5% | 9.9% | 2.3% |
| Net Income | -124M | -61M | -136M | -74M | -144M | -280M | -385M | -282M | -94M | -52M | -69M | -5.3M | -21M |
| Net Margin | N/A | N/A | N/A | -40.7% | -69.1% | -83.5% | -130.6% | -133.3% | -32.2% | -26.7% | -43.3% | -2.3% | -8.8% |
| Non-Recurring | 119K | 0 | -306K | 0 | 0 | -2.1M | 0 | 0 | 16M | 181K | 58K | 172K | 172K |
| Returns on Capital | |||||||||||||
| ROIC | -52.1% | -51.6% | -136.3% | -77.3% | -37.9% | -50.6% | -95.1% | -136.0% | -166.3% | N/M | -22.9% | 7.9% | 1.2% |
| ROE | -119.1% | -51.7% | -136.3% | -77.3% | -37.9% | -54.4% | -120.8% | -177.2% | -237.8% | 409.6% | 174.0% | 64.5% | -74.9% |
| ROA | -170.2% | -47.8% | -61.3% | -22.2% | -21.1% | -31.6% | -54.4% | -48.1% | -21.3% | -17.4% | -30.0% | -1.8% | -5.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -27M | -52M | 58M | -56M | -97M | -257M | -110M | -253M | -73M | -23M | -41M | 68M | 60M |
| Free Cash Flow | -28M | -53M | 55M | -58M | -99M | -264M | -111M | -253M | -73M | -23M | -41M | 68M | 60M |
| Owner Earnings | -34M | -57M | 52M | -66M | -117M | -272M | -137M | -278M | -93M | -70M | -86M | 55M | 3.5M |
| CapEx | 229K | 414K | 2.7M | 1.6M | 1.6M | 6.7M | 317K | 59K | 114K | 0 | 33K | 291K | 335K |
| Maint. CapEx | 49K | 96K | 296K | 617K | 899K | 2.2M | 2.1M | 1.9M | 1.7M | 38M | 38M | 1.3M | 44M |
| Growth CapEx | 180K | 318K | 2.4M | 1.0M | 707K | 4.4M | 0 | 0 | 0 | N/A | 0 | 0 | 0 |
| D&A | 49K | 96K | 296K | 617K | 899K | 2.2M | 2.1M | 1.9M | 1.7M | 38M | 38M | 1.3M | 44M |
| CapEx/OCF | N/A | N/A | 4.6% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.4% | 0.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 162K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 6.0M | 4.7M | 5.8M | 8.9M | 19M | 12M | 24M | 23M | 18M | 9.3M | 7.8M | 11M | 13M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 15M | 0 | 0 | 33M | 32M | 37M | 462K | 462K |
| Balance Sheet | |||||||||||||
| Net Debt | -109M | N/A | N/A | N/A | -396M | -172M | -371M | -164M | 42M | 37M | -4.2M | -133M | -114M |
| Cash & Equiv. | 33M | 50M | 187M | 70M | 105M | 147M | 229M | 150M | 90M | 43M | 52M | 185M | 163M |
| Long-Term Debt | 237K | N/A | N/A | N/A | 0 | 76M | 96M | 0 | 34M | 17M | 39M | 48M | 36M |
| Debt/Equity | 0.00 | 0.09 | 3.41 | 1.97 | 0.05 | 0.31 | 0.52 | 1.84 | 25.39 | -2.62 | -0.97 | 1.59 | 1.79 |
| Interest Coverage | -184.2 | -120.6 | N/A | N/A | N/A | -366.6 | -48.2 | -27.5 | -12.0 | -7.6 | -10.0 | 3.9 | 3.9 |
| Equity | 104M | 131M | 68M | 123M | 636M | 393M | 244M | 74M | 5.2M | -31M | -49M | 33M | 27M |
| Total Assets | 111M | 143M | 300M | 364M | 997M | 771M | 644M | 529M | 356M | 242M | 221M | 377M | 363M |
| Total Liabilities | 6.9M | 12M | 232M | 242M | 361M | 376M | 397M | 455M | 351M | 272M | 270M | 344M | 335M |
| Intangibles | N/A | N/A | N/A | N/A | 328M | 291M | 144M | 108M | 72M | 36M | 0 | N/A | N/A |
| Retained Earnings | -101M | -161M | -297M | -371M | -514M | -794M | -1.2B | -1.5B | -1.6B | -1.6B | -1.7B | -1.7B | -1.7B |
| Working Capital | 104M | 129M | 182M | 217M | 203M | 101M | 184M | 10M | 56M | 18M | 33M | 90M | 70M |
| Current Assets | 110M | 141M | 296M | 358M | 468M | 310M | 371M | 271M | 185M | 118M | 114M | 253M | 243M |
| Current Liabilities | 6.9M | 12M | 114M | 141M | 266M | 208M | 187M | 261M | 130M | 100M | 81M | 163M | 174M |
| Per Share Data | |||||||||||||
| EPS | -4.02 | -1.15 | -1.80 | -0.85 | -0.61 | -2.36 | -2.78 | -1.70 | -0.52 | -0.28 | -0.33 | -0.02 | -0.08 |
| Owner EPS | -1.09 | -1.08 | 0.69 | -0.75 | -0.50 | -2.29 | -0.99 | -1.67 | -0.51 | -0.38 | -0.41 | 0.21 | 0.01 |
| Book Value | 3.38 | 2.47 | 0.90 | 1.41 | 2.72 | 3.32 | 1.77 | 0.45 | 0.03 | -0.16 | -0.23 | 0.12 | 0.10 |
| Cash Flow/Share | -0.89 | -0.99 | 0.77 | -0.64 | -0.42 | -2.17 | -0.80 | -1.52 | -0.40 | -0.13 | -0.19 | 0.25 | 0.09 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 30.8M | 53.0M | 75.4M | 87.2M | 233.8M | 118.5M | 138.4M | 165.9M | 181.2M | 185.4M | 210.3M | 267.3M | 267.9M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -15.9 |
| P/FCF | N/A | N/A | 14.1 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.6 | 5.4 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5.2 | 40.3 |
| Price/Book | 4.2 | 2.4 | 5.7 | 14.8 | 1.1 | 2.0 | 1.6 | 5.1 | 14.7 | N/A | N/A | 13.6 | 11.9 |
| Price/Sales | N/A | N/A | N/A | 8.8 | 6.4 | 1.9 | 3.5 | 2.5 | 0.5 | 1.0 | 1.9 | 2.9 | 1.4 |
| FCF Yield | -6.4% | -16.7% | 14.2% | -3.2% | -14.2% | -34.2% | -28.5% | -66.9% | -95.6% | -9.9% | -9.9% | 15.3% | 18.4% |
| Market Cap | 436M | 316M | 388M | 1.8B | 700M | 773M | 389M | 378M | 77M | 237M | 410M | 444M | 327M |
| Avg. Price | 20.60 | 9.62 | 8.52 | 13.57 | 10.22 | 5.37 | 7.49 | 3.14 | 0.84 | 1.00 | 1.47 | 2.56 | 1.22 |
| Year-End Price | 11.49 | 11.90 | 10.30 | 15.46 | 5.39 | 6.52 | 2.81 | 2.28 | 0.42 | 1.28 | 1.95 | 1.66 | 1.22 |
Akebia Therapeutics, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 4.8x vs a median of 10.3x. The company's 5-year average gross margin is 57.3%. At current prices, the estimated annualized return to fair value is -18.2%.
Akebia Therapeutics, Inc. (AKBA) has a debt-to-equity ratio of 1.59. This indicates higher leverage, which may increase financial risk.
Akebia Therapeutics, Inc. (AKBA) reported earnings per share (EPS) of $-0.02 in its most recent fiscal year.
Akebia Therapeutics, Inc. (AKBA) has a return on equity (ROE) of 64.5%. This indicates the company generates strong returns for shareholders.
Akebia Therapeutics, Inc. (AKBA) has a 5-year average gross margin of 57.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 14 years of financial data for Akebia Therapeutics, Inc. (AKBA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Akebia Therapeutics, Inc. (AKBA) has a book value per share of $0.12, based on its most recent annual SEC filing.