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NASDAQ · PHARMACEUTICAL PREPARATIONS · MID CAP

Ironwood Pharmaceuticals Inc. IRWD

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$296.2M
▼ 15.7% YoY
$24.0M
▲ 2629.2% YoY
$127.0M
▲ 22.8% YoY

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

In brief

What this company does

LINZESS (linaclotide), its commercial product, is the first product approved by the U.S. Food and Drug Administration in a class of GI medicines called guanylate cyclase type C agonists, indicated for the treatment, in the U.S., of irritable bowel syndrome with constipation in adults and pediatric patients 7 years of age and older, chronic idiopathic constipation in adults, and functional constipation in pediatric patients ages 6-17 years old. LINZESS is also available for the treatment of adults with irritable bowel syndrome with constipation or chronic idiopathic constipation in Mexico, adults with irritable bowel syndrome with constipation or chronic constipation in Japan, and adults with irritable bowel syndrome with constipation in China, while linaclotide is available under the name CONSTELLA in Canada and in certain European countries. It was incorporated in Delaware on January 5, 1998 as Microbia, Inc., and on April 7, 2008 changed its name to Ironwood Pharmaceuticals, Inc. As of December 31, 2025, it had 100 employees, of whom 66 were on its drug development team and 34 were in selling, general and administrative functions.

Written from the business description in IRONWOOD PHARMACEUTICALS 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 296.2M
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 0.3 · Net income 0.0
0.2B0.4B-0.5B-1.0B
2009201220152018202120242025
Compound annual growth
−10.3%
−5.3%
+7.1%
+13.6%
−48.4%
−25.7%
−46.1%
−25.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −5.3% 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

8 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 33.3% · Net 8.1%
50%100%-500%-1000%
200920172025
ROE
FY2022 · ROE 27.8%
50%100%150%-100%-200%-300%
200920172025
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: 42%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 127.0
100M200M-100M-200M
200920172025
Net buybacks $M Dividends $M
FY2022 · Dividends · · Net buybacks 116.9
50M100M
20212022

Total assetsUSD 396.9M
EquityUSD -261.8M
CashUSD 215.5M
Current ratio1.13×

Equity funds -66% of total assets.

The 17-year record

17 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
IRWD, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.30.40.40.40.40.40.40.30.30.30.10.10.00.20.10.00.0
Operating income $B0.10.1−0.90.30.20.10.1−0.2−0.0−0.1−0.1−0.2−0.3−0.1−0.1−0.1−0.1
EBITDA $B0.10.1−0.90.30.20.10.1−0.1−0.0−0.0−0.1−0.2−0.2−0.1−0.1−0.1−0.1
Income tax $B0.00.10.10.1−0.30.00.00.00.00.00.00.0◌◌0.0−0.0−0.0
Net income $B0.00.0−1.00.20.50.10.0−0.3−0.1−0.1−0.1−0.2−0.3−0.1−0.1−0.1−0.1
Free cash flow $B0.10.10.20.30.30.20.0−0.1−0.1−0.0−0.1−0.2−0.3−0.1−0.1−0.1−0.0
EPS, diluted $0.150.01−6.450.963.210.660.14−1.85−0.78−0.56−1.00−1.39−2.35−0.68−0.65−0.59−10.00
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————————————
ROE %———27.8158.1———−305.5−101.0−155.3−299.1−299.3−57.2−48.1——
Shares out B0.160.160.160.150.160.160.000.15◌◌◌◌◌◌◌◌◌

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

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Five checks were skipped: cost of revenue is not tagged before 2012. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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