Akebia Therapeutics logo
Akebia Therapeutics AKBA
$ 0.91 5.26%
report update icon

Quarterly report 2026-Q2
added 08-05-2026

Akebia Therapeutics Balance Sheet 2025-2011 | AKBA

Brief balance sheet overview of Akebia Therapeutics

This overview follows the five latest available annual observations between 2021 and 2025.

Assets fell from $529.3 million to $376.6 million. This may reflect either deliberate optimization or a reduction in business scale.

Assets and liabilities changed at similar rates, -28.9% and -24.5%. The funding mix did not shift sharply.

Equity covers only 8.7% of assets versus 14% initially. The loss-absorbing cushion is limited.

The period ended with net cash: net debt stood at -$133 million. This supports financial flexibility.

Cash equals 49.1% of the balance sheet, compared with 28.3% five periods ago. This is the readily available cushion.

The balance sheet carries negative retained earnings of -$1.7 billion. The figure may result from accumulated losses or an active capital return policy.

What the balance sheet shows

Akebia Therapeutics has limited balance sheet resilience and depends heavily on cash generation and refinancing capacity.

Annual Balance Sheet Akebia Therapeutics

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

-133 M -7.78 M -21.3 M -51.6 M -111 M -127 M -39.1 M -89.6 M -70.2 M -187 M -49.8 M -32.8 M -21.2 M -1.64 M -

Long Term Debt

48.2 M 38.7 M 17.2 M 34.1 M 33.7 M 96.4 M 75.8 M - - - - - - - -

Long Term Debt Current

3.55 M 5.4 M 4.49 M 4.74 M 4.8 M 5.29 M 4.99 M - - - - - - - -

Total Non Current Liabilities

- - - - - - 168 M 94.9 M 101 M 118 M 74 K 32 K 8 K - -

Total Current Liabilities

163 M 80.9 M 99.9 M 130 M 261 M 187 M 208 M 266 M 144 M 114 M 11.9 M 6.88 M - - -

Total Liabilities

344 M 270 M 272 M 351 M 455 M 397 M 376 M 361 M 245 M 232 M 11.9 M 6.92 M 3.91 M 4.92 M -

Deferred Revenue

2.68 M - - 3.74 M 20.9 M 15.2 M 39.8 M 57 M 84.9 M 82 M - - - - -

Retained Earnings

-1.68 B -1.68 B -1.61 B -1.56 B -1.46 B -1.18 B -794 M -514 M -374 M -297 M -161 M -101 M -63.7 M -59.6 M -

Total Assets

377 M 221 M 242 M 356 M 529 M 644 M 771 M 997 M 364 M 300 M 143 M 111 M 34.7 M 2.24 M -

Cash and Cash Equivalents

185 M 51.9 M 42.9 M 90.5 M 150 M 229 M 147 M 105 M 70.2 M 187 M 49.8 M 32.8 M 21.2 M 1.64 M -

Book Value

32.6 M -49.2 M -30.6 M 5.23 M 74 M 248 M 395 M 636 M 119 M 68.1 M 131 M 104 M 30.8 M -2.68 M -

Total Shareholders Equity

32.6 M -49.2 M -30.6 M 5.23 M 74 M 244 M 395 M 636 M 123 M 68.1 M 131 M 104 M -127 M -59.6 M -

All numbers in USD currency

Quarterly Balance Sheet Akebia Therapeutics

2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

24.8 M 36.4 M 47.6 M 47.1 M 46.5 M 38.7 M 38.4 M 38 M - 17.2 M 34.6 M 18.5 M 26.3 M 34.1 M 65.9 M - 32.6 M 33.7 M 97.2 M 96.9 M 96.6 M 96.4 M 96.4 M 96.4 M 96.4 M 75.8 M 75.8 M 75.8 M 75.8 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

325 M 335 M 323 M 316 M 286 M 270 M 258 M 254 M - 272 M 274 M 281 M 291 M 351 M 422 M 471 M 509 M 449 M 465 M 437 M 415 M 397 M 397 M 397 M 397 M 376 M 376 M 376 M 376 M 361 M 361 M 361 M 361 M 242 M 242 M 242 M 242 M 232 M 232 M 232 M 232 M 11.9 M 11.9 M 11.9 M 11.9 M 6.92 M 6.92 M 6.92 M 6.92 M 3.91 M 3.91 M 3.91 M 3.91 M - - - - - - - -

Deferred Revenue

6.17 M 4.5 M 3.88 M 5.53 M 1.24 M - - 43.3 M - - - - - 3.74 M 1.26 M - 10.4 M 20.9 M 15.7 M 11.9 M 18.3 M 15.2 M 15.2 M 15.2 M 15.2 M 39.8 M 39.8 M 39.8 M 39.8 M 57 M 57 M 78.6 M 78.6 M 81.7 M 121 M 142 M 81.7 M 82 M 82 M 82 M 82 M - - - - - - - - - - - - - - - - - - - -

Retained Earnings

-1.7 B -1.69 B -1.67 B -1.67 B -1.67 B -1.68 B -1.66 B -1.64 B - -1.61 B -1.61 B -1.6 B -1.58 B -1.56 B -1.55 B -1.5 B -1.52 B -1.46 B -1.39 B -1.33 B -1.25 B -1.18 B -1.18 B -1.18 B -1.18 B -794 M -794 M -794 M -794 M -514 M -514 M -514 M -514 M -371 M -371 M -371 M -371 M -297 M -297 M -297 M -297 M -161 M -161 M -161 M -161 M -101 M -101 M -101 M -101 M -127 M -127 M -127 M - - - - - - - - -

Total Assets

350 M 363 M 364 M 346 M 310 M 221 M 207 M 220 M - 242 M 235 M 254 M 277 M 356 M 436 M 530 M 535 M 526 M 602 M 612 M 629 M 644 M 644 M 644 M 644 M 771 M 771 M 771 M 771 M 997 M 997 M 997 M 997 M 364 M 364 M 364 M 364 M 300 M 300 M 300 M 300 M 143 M 143 M 143 M 143 M 111 M 111 M 111 M 111 M 34.7 M 34.7 M 34.7 M 34.7 M - - - - - - - -

Cash and Cash Equivalents

156 M 163 M 166 M 137 M 113 M 51.9 M 35.7 M 41.2 M 43.6 M 42.9 M 48.2 M 55.3 M 57 M 90.5 M 148 M 147 M 178 M 150 M 209 M 247 M 253 M 229 M 229 M 229 M 229 M 147 M 147 M 147 M 147 M 105 M 105 M 105 M 105 M 70.2 M 70.2 M 70.2 M 70.2 M 187 M 187 M 187 M 187 M 49.8 M 49.8 M 49.8 M 49.8 M 32.8 M 32.8 M 32.8 M 32.8 M 21.2 M 21.2 M 21.2 M 21.2 M 1.64 M - - - 5.01 M - - -

Book Value

25 M 27.4 M 41.6 M 29.2 M 24.6 M -49.2 M -50.4 M -33.8 M - -30.6 M -39.4 M -26.8 M -14.4 M 5.23 M 13.9 M 58.9 M 26.1 M 76.5 M 137 M 175 M 214 M 248 M 248 M 248 M 248 M 395 M 395 M 395 M 395 M 636 M 636 M 636 M 636 M 123 M 123 M 123 M 123 M 68.1 M 68.1 M 68.1 M 68.1 M 131 M 131 M 131 M 131 M 104 M 104 M 104 M 104 M 30.8 M 30.8 M 30.8 M 30.8 M - - - - - - - -

Total Shareholders Equity

25 M 27.4 M 41.6 M 29.2 M 24.6 M -49.2 M -50.4 M -33.8 M -27.3 M -30.6 M -39.4 M -26.8 M -14.4 M 5.23 M 8.26 M 58.9 M 26.1 M 76.5 M 137 M 175 M 214 M 248 M 248 M 248 M 248 M 395 M 395 M 395 M 395 M 636 M 636 M 636 M 636 M 123 M 123 M 123 M 123 M 68.1 M 68.1 M 68.1 M 68.1 M 131 M 131 M 131 M 131 M 104 M 104 M 104 M 104 M -127 M -127 M -127 M -127 M -59.6 M - - - -48.2 M - - -

All numbers in USD currency

Balance Sheet is a fundamental financial report of Akebia Therapeutics, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

Balance sheet of other industry stocks – Biotechnology

Issuer Price % 24h Market Cap Country
Ionis Pharmaceuticals Ionis Pharmaceuticals
IONS
$ 43.5 0.62 % $ 6.96 B usaUSA
Agios Pharmaceuticals Agios Pharmaceuticals
AGIO
$ 31.25 0.88 % $ 1.81 B usaUSA
Foghorn Therapeutics Foghorn Therapeutics
FHTX
$ 2.0 0.74 % $ 126 M usaUSA
Inhibikase Therapeutics Inhibikase Therapeutics
IKT
$ 2.0 0.5 % $ 197 M usaUSA
Kamada Ltd. Kamada Ltd.
KMDA
$ 8.0 1.34 % $ 461 M israelIsrael
Intellia Therapeutics Intellia Therapeutics
NTLA
$ 12.75 4.0 % $ 1.38 B usaUSA
Ultragenyx Pharmaceutical Ultragenyx Pharmaceutical
RARE
$ 14.5 3.19 % $ 1.43 B usaUSA
Viridian Therapeutics Viridian Therapeutics
VRDN
$ 19.0 2.16 % $ 1.93 B usaUSA
AbbVie AbbVie
ABBV
$ 265.76 1.12 % $ 470 B usaUSA
AbCellera Biologics AbCellera Biologics
ABCL
$ 13.78 0.29 % $ 4.12 B canadaCanada
Abeona Therapeutics Abeona Therapeutics
ABEO
$ 5.11 1.59 % $ 271 M usaUSA
Arbutus Biopharma Corporation Arbutus Biopharma Corporation
ABUS
$ 4.67 4.94 % $ 895 M canadaCanada
ACADIA Pharmaceuticals ACADIA Pharmaceuticals
ACAD
$ 20.11 0.8 % $ 3.39 B usaUSA
Achieve Life Sciences Achieve Life Sciences
ACHV
$ 7.01 0.13 % $ 306 M usaUSA
AC Immune SA AC Immune SA
ACIU
$ 2.71 0.55 % $ 273 M schweizSchweiz
Aclaris Therapeutics Aclaris Therapeutics
ACRS
$ 4.27 0.79 % $ 523 M usaUSA
Adagene Adagene
ADAG
$ 2.8 0.28 % $ 165 M chinaChina
ADC Therapeutics SA ADC Therapeutics SA
ADCT
$ 1.23 8.85 % $ 156 M schweizSchweiz
Adial Pharmaceuticals Adial Pharmaceuticals
ADIL
$ 4.35 5.58 % $ 2.91 M usaUSA
ADMA Biologics ADMA Biologics
ADMA
$ 10.11 4.01 % $ 2.41 B usaUSA
Adaptive Biotechnologies Corporation Adaptive Biotechnologies Corporation
ADPT
$ 29.84 5.26 % $ 4.53 B usaUSA
Agenus Agenus
AGEN
$ 8.73 4.43 % $ 260 M usaUSA
AIM ImmunoTech AIM ImmunoTech
AIM
$ 0.19 5.56 % $ 308 K usaUSA
Akari Therapeutics, Plc Akari Therapeutics, Plc
AKTX
$ 8.76 0.46 % $ 590 B britainBritain
Aldeyra Therapeutics Aldeyra Therapeutics
ALDX
$ 0.92 4.88 % $ 55.3 M usaUSA
Alector Alector
ALEC
$ 1.99 9.94 % $ 205 M usaUSA
Aligos Therapeutics Aligos Therapeutics
ALGS
$ 5.4 0.36 % $ 53.4 M usaUSA
Alkermes plc Alkermes plc
ALKS
$ 42.76 2.42 % $ 7.04 B irlandaIrlanda
Allogene Therapeutics Allogene Therapeutics
ALLO
$ 1.5 0.33 % $ 331 M usaUSA
Alnylam Pharmaceuticals Alnylam Pharmaceuticals
ALNY
$ 219.89 0.08 % $ 28.8 B usaUSA
Altimmune Altimmune
ALT
$ 2.67 0.36 % $ 235 M usaUSA
ALX Oncology Holdings ALX Oncology Holdings
ALXO
$ 1.21 1.23 % $ 64.9 M usaUSA
Amgen Amgen
AMGN
$ 402.98 0.08 % $ 217 B usaUSA
Amphastar Pharmaceuticals Amphastar Pharmaceuticals
AMPH
$ 25.37 0.39 % $ 1.19 B usaUSA
Amarin Corporation plc Amarin Corporation plc
AMRN
$ 12.09 0.31 % $ 5.02 B irlandaIrlanda
Amneal Pharmaceuticals Amneal Pharmaceuticals
AMRX
$ 20.35 0.25 % $ 6.38 B usaUSA
AnaptysBio AnaptysBio
ANAB
$ 49.2 1.38 % $ 1.43 B usaUSA
Anika Therapeutics Anika Therapeutics
ANIK
$ 19.73 3.3 % $ 283 M usaUSA
ANI Pharmaceuticals ANI Pharmaceuticals
ANIP
$ 72.58 0.55 % $ 1.46 B usaUSA
Annexon Annexon
ANNX
$ 4.2 0.24 % $ 651 M usaUSA
Annovis Bio Annovis Bio
ANVS
$ 1.2 1.69 % $ 24.7 M usaUSA
Aprea Therapeutics Aprea Therapeutics
APRE
$ 0.68 0.16 % $ 4.45 M usaUSA
Aptevo Therapeutics Aptevo Therapeutics
APVO
$ 1.8 2.27 % $ 568 K usaUSA
Aquestive Therapeutics Aquestive Therapeutics
AQST
$ 4.57 0.44 % $ 489 M usaUSA
Arcturus Therapeutics Holdings Arcturus Therapeutics Holdings
ARCT
$ 14.66 12.51 % $ 401 M israelIsrael
Ardelyx Ardelyx
ARDX
$ 3.39 1.5 % $ 817 M usaUSA
argenx SE argenx SE
ARGX
$ 912.87 1.28 % $ 56 B niderlandNiderland
Armata Pharmaceuticals Armata Pharmaceuticals
ARMP
$ 3.66 3.98 % $ 133 M usaUSA
Arcutis Biotherapeutics Arcutis Biotherapeutics
ARQT
$ 25.15 0.04 % $ 3.2 B usaUSA