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Akebia Therapeutics, Inc. AKBA

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$236.2M
▲ 47.5% YoY
$-5.3M
$67.7M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Akebia Therapeutics, Inc. markets two commercial products for patients impacted by kidney disease. Its Vafseo (vadadustat) product is an orally administered medicine approved by the U.S. Food and Drug Administration in March 2024 for the treatment of anemia due to chronic kidney disease in adult patients on dialysis for at least three months. Vafseo is approved for use in adults in 37 countries and is marketed in certain countries outside the United States by the company's partners. Its Auryxia (ferric citrate) product is an orally administered medicine approved and marketed in the United States for the control of serum phosphorus levels in adult patients with dialysis dependent chronic kidney disease and for the treatment of iron deficiency anemia in adult patients with non-dialysis-dependent chronic kidney disease. As of December 31, 2025, it had 194 employees. Akebia was incorporated in Delaware in 2007 and became a public company in 2014, with its mailing address, principal executive offices and laboratory located at 245 First Street, Cambridge, Massachusetts.

Written from the business description in Akebia Therapeutics, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 236.2M
Revenue, FY2025 · full 14-year series below
Revenue $M Net income $M
FY2025 · Revenue 236.2 · Net income -5.3
150M300M-150M-300M
201220152018202120242025
Compound annual growth
−6.9%
−4.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −4.3% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−2 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 9.9% · Net -2.3%
-5000%
201220182025
ROE
FY2022 · ROE -237.8%
-100%-200%
201220182025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: 13%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 67.7
25.0M50.0M-100.0M-200.0M
201220182025
Net buybacks $M Dividends $M
FY2014 · Dividends · · Net buybacks -104.2
-50M-100M
2014

Total assetsUSD 376.6M
EquityUSD 32.6M
CashUSD 184.8M
Gross debtUSD 48.2M
Net debtUSD -136.6M
Current ratio1.55×

The company holds more cash than debt.

The 14-year record

14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
AKBA, 14-year financial record
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B0.20.20.20.30.20.30.30.20.20.00.00.0◌◌
Operating income $B0.0−0.1−0.0−0.1−0.3−0.4−0.3−0.2−0.1−0.1−0.1−0.0−0.0−0.0
EBITDA $B0.0−0.0−0.0−0.1−0.3−0.4−0.3−0.2−0.1−0.1−0.1−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.0−0.0−0.0◌◌◌◌◌◌
Net income $B−0.0−0.1−0.1−0.1−0.3−0.4−0.3−0.1−0.1−0.1−0.1−0.0−0.0−0.0
Free cash flow $B0.1−0.0−0.0−0.1−0.3−0.1−0.3−0.1−0.10.1−0.1−0.0−0.0◌
EPS, diluted $−0.02−0.33−0.28−0.52−1.70−2.78−2.36−2.47−1.69−3.60−2.29−8.04−126.94−27.82
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————
ROE %———−237.8−177.2−120.8−54.4−37.9−77.3−136.3−51.7———
Shares out B0.270.220.190.180.180.150.120.120.050.040.030.020.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 54 reconciliationsAUDITED

Reconciled in 14 of the 14 fiscal years we could check. 12 checks were skipped: the balance sheet is not tagged before 2013. 11 checks were skipped: cost of revenue is not tagged before 2018. Five checks were skipped: EPS is not tagged before 2012.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2012

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