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MARKETS / NASDAQ / AKBA
NASDAQ · PHARMACEUTICAL PREPARATIONS · LARGE CAP

Akebia Therapeutics, Inc. AKBA

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$236.2M
▲ 47.5% YoY
$-5.3M
$67.7M
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
200M-200M20122014201620182020202220242025
Compound annual growth
−6.9%
−4.3%
3 yrs
5 yrs
10 yrs
15 yrs

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

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%20122014201620182020202220242025
ROE
FY2022 · ROE -237.8%
-100%-200%20122014201620182020202220242025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 67.7
25.0M50.0M-100.0M-200.0M20122014201620182020202220242025
Net buybacks $M Dividends $M
FY2014 · Dividends — · Net buybacks -104.2
-40M-80M2014

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
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 %··············
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 · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 54 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 33 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2012

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