ARDELYX, INC. (ARDX)
Ardelyx, Inc. is a biopharmaceutical firm dedicated to the discovery, development, and commercialization of innovative medicines. The company primarily focuses on addressing gastrointestinal (GI) and cardiorenal conditions, serving patients both domestically in the United States and across international markets. Its flagship product candidate is tenapanor. This drug has successfully completed Phase III clinical trials for treating irritable bowel syndrome with constipation (IBS-C) and is also currently in Phase III development to manage hyperphosphatemia (high serum phosphorus) in adult patients with chronic kidney disease (CKD) who are undergoing dialysis. Ardelyx is also advancing other key pipeline assets, including RDX013, a potassium secretagogue designed to combat hyperkalemia (elevated serum potassium), a significant issue for individuals with compromised kidney and/or heart function. Furthermore, the company is in the early stages of developing RDX020, which targets metabolic acidosis, a serious electrolyte disorder frequently seen in CKD patients. To broaden the reach of tenapanor, Ardelyx has established strategic partnerships with Kyowa Kirin in Japan, Fosun Pharmaceutical Industrial Development Co. Ltd. in China, and Knight Therapeutics, Inc. in Canada, granting them rights for the drug's development and commercialization in their respective regions. Originally incorporated in 2007 as Nteryx, Inc., the company adopted its current name, Ardelyx, Inc., in June 2008. Its headquarters are located in Waltham, Massachusetts.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Ardelyx, Inc.
NASDAQ:ARDXHealthcare · Biotechnology
-2.26%$3.03
AH$3.03+0.00%vs close
Mkt Cap$782.31M
Float243.16M
O/S258.19M
Vol
$ Vol
RVOL
Inst Own68.7%
SI12.4%
Earnings
Dilution
Financials Summary
Revenue$407.32M
Net Income-$61.6M
Total Assets$501.6M
Free Cash Flow-$43.98M
Debt & Equity
Debt 56%
Equity 44%
Total Debt$211.59M
Total Equity$166.95M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ARDX's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$501.6M
Liabilities$334.65M
Accounts Receivable$71.85M
Accounts Payable$19.23M
Inventory$17.73M
PP&E (Net)$6.98M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $407.32M | $333.62M | $124.46M | $52.16M | $10.1M | $7.57M | $5.28M | $2.61M | $42M | $24.03M | $24.03M | $31.62M | $28.93M | $5.41M |
| YoY Growth | 22.1% | 168.1% | 138.6% | 416.6% | 33.4% | 43.4% | 102.6% | -93.8% | 74.8% | 0.0% | -24.0% | 9.3% | 434.7% | - |
| Cost of Revenue | $42.6M | $50.56M | $17.8M | $4.12M | $1M | $145K | $600K | $466K | $8.4M | $1.29M | $829K | $25.9M | $28.09M | $1.91M |
| Gross Profit | $364.72M | $283.06M | $106.66M | $48.04M | $9.1M | $7.43M | $4.68M | $2.14M | $33.6M | $22.73M | $23.2M | $5.72M | $835K | $3.5M |
| Gross Margin | 89.5% | 84.8% | 85.7% | 92.1% | 90.1% | 98.1% | 88.6% | 82.1% | 80.0% | 94.6% | 96.5% | 18.1% | 2.9% | 64.7% |
| Research and Development | $68.47M | $52.32M | $35.54M | $35.2M | $91.14M | $65.05M | $71.68M | $69.37M | $75.48M | $94.16M | $39.88M | $25.9M | $28.09M | $10.18M |
| Selling, General, and Administrative | $337.23M | $258.69M | $134.4M | $76.6M | $72.3M | $33.15M | $24.27M | $23.71M | $23.23M | $18.73M | $13.53M | $7.29M | $3.7M | $4.03M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $508K | -$261K | -$1.58M | -$52K | -$30K |
| Total Operating Expenses | $405.7M | $311.01M | $169.94M | $111.8M | $163.44M | $98.21M | $95.94M | $93.09M | $98.72M | $112.89M | $53.41M | $33.19M | $31.79M | $14.21M |
| Operating Income (EBIT) | -$40.98M | -$27.95M | -$63.28M | -$63.76M | -$154.35M | -$90.78M | -$91.26M | -$90.95M | -$65.11M | -$112.89M | -$29.39M | -$1.56M | -$2.87M | -$8.8M |
| Operating Margin | -10.1% | -8.4% | -50.8% | -122.2% | -1528.6% | -1199.0% | -1728.1% | -3488.6% | -155.0% | -469.9% | -122.3% | -4.9% | -9.9% | -162.8% |
| Interest Expense | $28.4M | $20.09M | $8.87M | $5.07M | $4.5M | $5.1M | $5.73M | $3.53M | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$19.65M | -$10.92M | -$2.24M | -$3.44M | -$3.81M | -$3.53M | -$3.37M | -$347K | $1.96M | $508K | -$261K | -$1.58M | -$3.56M | -$980K |
| Income Before Tax (EBT) | -$60.63M | -$38.87M | -$65.52M | -$67.2M | -$158.16M | -$94.31M | -$94.64M | -$91.29M | -$63.16M | -$112.39M | -$29.65M | -$3.15M | -$6.42M | -$9.79M |
| Income Tax Expense | $969K | $266K | $547K | $8K | $4K | $2K | $303K | $4K | $1.18M | $29K | -$29K | $67K | $141K | $0 |
| Net Income | -$61.6M | -$39.14M | -$66.07M | -$67.21M | -$158.16M | -$94.31M | -$94.94M | -$91.3M | -$64.34M | -$112.39M | -$29.62M | -$3.21M | -$6.56M | -$9.79M |
| Net Income Margin | -15.1% | -11.7% | -53.1% | -128.9% | -1566.5% | -1245.7% | -1797.8% | -3502.0% | -153.2% | -467.8% | -123.3% | -10.2% | -22.7% | -180.9% |
| Supplementary Data | ||||||||||||||
| EPS | -0.26 | -0.17 | -0.30 | -0.42 | -1.52 | -1.05 | -1.47 | -1.62 | -1.36 | -2.80 | -1.29 | -0.17 | -0.49 | -0.73 |
| Diluted EPS | -0.26 | -0.17 | -0.30 | -0.42 | -1.52 | -1.05 | -1.47 | -1.62 | -1.36 | -2.80 | -1.29 | -0.17 | -0.49 | -0.73 |
| Weighted Average OS | 241.03M | 235.23M | 219.33M | 158.69M | 104.21M | 89.58M | 64.48M | 56.22M | 47.44M | 40.12M | 22.89M | 18.54M | 13.34M | 13.34M |
| EBITDA | -$29.17M | -$16.71M | -$55.35M | -$60.98M | -$150.85M | -$86.67M | -$86.41M | -$85.08M | -$60.52M | -$111.6M | -$28.56M | -$1.26M | -$2.27M | -$8.13M |
| EBITDA Margin | -7.2% | -5.0% | -44.5% | -116.9% | -1494.0% | -1144.8% | -1636.2% | -3263.6% | -144.1% | -464.5% | -118.9% | -4.0% | -7.9% | -150.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $68M | $64.93M | $21.47M | $96.14M | $72.43M | $91.03M | $181.13M | $78.77M | $75.38M | $74.6M | $107M | $107.29M | $34.44M | $32.9M |
| Short-Term Investments | $196.69M | $185.17M | $162.83M | $27.77M | $44.26M | $95.45M | $66.38M | $89.32M | $58.59M | $126.22M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $264.69M | $250.1M | $184.3M | $123.91M | $116.69M | $186.48M | $247.51M | $168.09M | $133.98M | $200.82M | $107M | $107.29M | $34.44M | $32.9M |
| Accounts Receivable | $71.85M | $57.7M | $22.03M | $7.73M | $502K | $0 | $750K | $5.08M | $10.8M | $0 | $0 | $2.58M | $6.44M | $3.07M |
| Inventory | $17.73M | $21.17M | $12.45M | $3.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $13.57M | $11.1M | $8.41M | $5.11M | $1 | $0 | $0 | $0 | $0 | $3.17M | $0 | $0 | $0 | $885K |
| Total Current Assets | $382.32M | $356.45M | $246.11M | $153.6M | $133.65M | $195.24M | $252.38M | $177.72M | $149.87M | $203.99M | $112.23M | $111.28M | $41.84M | $36.86M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $6.98M | $3.88M | $6.6M | $10.52M | $15.11M | $4.21M | $7.41M | $5.61M | $8.03M | $8.99M | $4.71M | $2.13M | $530K | $844K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $2.11M | $0 | $0 | $0 | $0 | $100K | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $112.31M | $75.43M | $44.87M | $25.95M | $1.15M | $0 | $0 | $0 | $0 | $148K | -$100K | $0 | $538K | $180K |
| Total Long-Term Assets | $119.29M | $79.3M | $51.47M | $36.46M | $16.26M | $6.32M | $7.41M | $5.61M | $8.03M | $9.14M | $4.71M | $2.13M | $1.07M | $1.02M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $501.6M | $435.75M | $297.58M | $190.07M | $149.91M | $201.56M | $259.78M | $183.33M | $157.9M | $213.13M | $116.95M | $113.41M | $42.9M | $37.88M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $19.23M | $16M | $11.14M | $10.86M | $4.28M | $5.63M | $2.19M | $1.15M | $3.93M | $5.63M | $2.78M | $3.13M | $2.28M | $1.15M |
| Short-Term Debt | $1.48M | $0 | $0 | $26.71M | $32.26M | $6.28M | $3.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $1.21M | $10.69M | $7.18M | $4.21M | $0 | $4.18M | $4.54M | $1M | $0 | $0 | $0 | $15.98M | $13.83M | $13.57M |
| Other Current Liabilities | $66.69M | $21.48M | $15.04M | $10.09M | $1.24M | $5.22M | $4.64M | $12.86M | $10.71M | $10.4M | $2.58M | $780K | $95K | $745K |
| Total Current Liabilities | $88.61M | $77.83M | $50.39M | $65.6M | $52.82M | $28.42M | $22.22M | $17.73M | $17.87M | $19.2M | $7.72M | $5.56M | $17.14M | $16.79M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $206.47M | $150.85M | $49.82M | $0 | $0 | $46.62M | $48.83M | $49.21M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $39.58M | $7.23M | $8.64M | $9.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $47.05M | $26.47M | $19.09M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$3.64M | $25.53M | $20.18M | $11.25M | $4.73M | $0 | $0 | $582K | $720K | $779K | $322K | $122K | $6.62M | $3.24M |
| Total Long-Term Liabilities | $246.05M | $184.63M | $80.37M | $26.13M | $14.47M | $47.03M | $50.91M | $49.79M | $720K | $779K | $322K | $47.17M | $33.09M | $22.33M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $334.65M | $262.46M | $130.76M | $91.74M | $67.3M | $75.45M | $73.13M | $67.52M | $18.59M | $19.98M | $8.04M | $52.73M | $50.23M | $39.12M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $56.16M | $56.16M |
| Common Stock | $24K | $24K | $23K | $20K | $13K | $9K | $9K | $6K | $5K | $5K | $3K | $2K | $0 | $0 |
| Retained Earnings | -$946.94M | -$885.34M | -$846.2M | -$780.14M | -$712.93M | -$554.76M | -$460.45M | -$365.51M | -$278.21M | -$213.88M | -$101.49M | -$71.87M | -$68.65M | -$62.09M |
| Comprehensive Income & Other | $198K | $57K | $224K | -$54K | -$6K | -$4K | $20K | -$38K | -$47K | -$71K | -$3.81M | -$3.63M | -$3.33M | -$2.74M |
| Other Stockholders' Equity | $1.11B | $1.06B | $1.01B | $878.45M | $795.53M | $680.87M | $647.1M | $481.32M | $417.52M | $407.02M | $210.39M | $132.55M | $61.33M | $60.85M |
| Total Equity | $166.95M | $173.29M | $166.82M | $98.33M | $82.62M | $126.11M | $186.66M | $115.81M | $139.31M | $193.15M | $108.9M | $60.68M | -$7.32M | -$1.24M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $501.6M | $435.75M | $297.58M | $190.07M | $149.91M | $201.56M | $259.78M | $183.33M | $157.9M | $213.13M | $116.95M | $113.41M | $42.9M | $37.88M |
| Supplementary Data | ||||||||||||||
| Total Debt | $211.59M | $153.44M | $55.98M | $36.46M | $45.5M | $55.44M | $57.31M | $49.21M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $143.6M | $88.51M | $34.51M | -$59.68M | -$26.92M | -$35.6M | -$123.83M | -$29.56M | -$75.38M | -$74.6M | -$107M | -$107.29M | -$34.44M | -$32.9M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$61.6M | -$39.14M | -$66.07M | -$67.21M | -$158.16M | -$94.31M | -$94.94M | -$91.3M | -$64.34M | -$112.39M | -$29.62M | -$3.21M | -$6.56M | -$9.79M |
| Depreciation & Amortization | $3.06M | $2.06M | $1.29M | $1.14M | $2.81M | $2.54M | $2.5M | $2.68M | $2.64M | $1.29M | $829K | $302K | $592K | $675K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | -$190K | $315K | -$262K | -$1.02M | $11K | -$86K | $65K | $0 | $0 | $0 |
| Stock-Based Compensation | $48.96M | $37.38M | $13.53M | $10.75M | $12.04M | $10.58M | $9.94M | $9.23M | $9.59M | $5.32M | $2.63M | $1.69M | $352K | $473K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$14.14M | -$35.67M | -$14.3M | -$7.23M | -$502K | $750K | $85K | $10.71M | -$10.8M | $0 | $2.58M | $3.85M | -$3.36M | -$3.07M |
| Inventory | -$31.92M | -$41.7M | -$21.14M | -$28.35M | -$10.37M | -$750K | -$3.41M | $1.88M | -$1.9M | $0 | -$2.08M | $743K | -$730K | -$578K |
| Accounts Payable | $3.23M | $4.86M | $279K | $6.58M | -$1.35M | $3.44M | $39K | -$2.73M | -$1.03M | $2.15M | -$371K | $831K | $1.14M | -$105K |
| Other Working Capital | $11.48M | $23.34M | -$8.23M | $9.42M | $300K | -$6.65M | $6.27M | -$506K | $68K | $10.64M | -$46.34M | $7.6M | $6.88M | $33.42M |
| Total Working Capital Change | -$31.35M | -$49.17M | -$43.39M | -$19.57M | -$11.92M | -$3.21M | $2.98M | $9.35M | -$13.66M | $12.79M | -$46.2M | $13.02M | $3.92M | $29.67M |
| Other Non-Cash Items | -$1.55M | $4.05M | $4.91M | $4.84M | $2.88M | $2.65M | $3.3M | $792K | $567K | $540K | $458K | $1.59M | $3.51M | $950K |
| Net Cash from Operating | -$42.48M | -$44.81M | -$89.72M | -$70.04M | -$152.55M | -$81.44M | -$76.48M | -$70.27M | -$65.19M | -$92.53M | -$71.84M | $13.4M | $1.81M | $21.98M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$1.49M | -$1.01M | -$344K | -$55K | -$1.87M | -$324K | -$325K | -$311K | -$2.35M | -$4.87M | -$3.45M | -$1.86M | -$278K | -$128K |
| Acquisitions | $0 | $0 | $0 | $0 | -$52.81M | $31.44M | -$23.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$218.92M | -$195.16M | -$215.22M | -$50.33M | -$72.73M | -$150.85M | -$102.67M | -$169.03M | -$84.01M | -$133.81M | $0 | $0 | $0 | $0 |
| Sales of Investments | $211.46M | $177.85M | $84.32M | $67M | $125.55M | $119.73M | $126.37M | $139.45M | $151.66M | $7.6M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $1.8M | $52.81M | -$31.44M | $23.7M | -$29.58M | $67.64M | -$126.21M | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$8.96M | -$18.32M | -$131.25M | $18.41M | $50.95M | -$31.44M | $23.37M | -$29.89M | $65.29M | -$131.08M | -$3.45M | -$1.86M | -$278K | -$128K |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$48.67M | -$99.45M | -$22.39M | $6.07M | $19.44M | $125K | - | -$49.29M | - | - | - | - | - | - |
| Common Stock Issuance | $5.84M | $8.14M | $119.24M | $71.63M | $101.15M | $21.05M | $154.9M | $53.77M | $685K | $190.57M | $74.32M | $61.24M | $1K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2K | -$2K | -$20K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$1M | $4.67M | $9.78M | $1.3M | $1.85M | $574K | $491K | $685K | $631K | $689K | $69K | $0 | $290K |
| Net Cash from Financing | $54.51M | $106.59M | $146.29M | $75.34M | $83M | $22.78M | $155.48M | $103.55M | $685K | $191.2M | $75.01M | $61.31M | -$1K | $270K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $3.07M | $43.46M | -$74.67M | $23.71M | -$18.6M | -$90.1M | $102.36M | $3.38M | $785K | -$32.41M | -$282K | $72.85M | $1.53M | $22.12M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$42.48M | -$44.81M | -$89.72M | -$70.04M | -$152.55M | -$81.44M | -$76.48M | -$70.27M | -$65.19M | -$92.53M | -$71.84M | $13.4M | $1.81M | $21.98M |
| Capital Expenditure | -$1.49M | -$1.01M | -$344K | -$55K | -$1.87M | -$324K | -$325K | -$311K | -$2.35M | -$4.87M | -$3.45M | -$1.86M | -$278K | -$128K |
| Free Cash Flow | -$43.98M | -$45.82M | -$90.06M | -$70.1M | -$154.42M | -$81.76M | -$76.81M | -$70.58M | -$67.55M | -$97.4M | -$75.29M | $11.54M | $1.53M | $21.85M |
| Cash at Beginning | $64.93M | $21.47M | $96.14M | $72.43M | $91.03M | $181.13M | $78.77M | $75.38M | $74.6M | $107M | $107.29M | $34.44M | $32.9M | $10.78M |
| Cash at End | $68M | $64.93M | $21.47M | $96.14M | $72.43M | $91.03M | $181.13M | $78.77M | $75.38M | $74.6M | $107M | $107.29M | $34.44M | $32.9M |