10-Q quarterly report · filed Aug 5, 2026

Akebia Therapeutics, Inc. (AKBA) Q2 2026 10-Q Quarterly Report

Short answer

Akebia Therapeutics, Inc. (AKBA) filed its Q2 2026 10-Q quarterly report on Aug 5, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $49M (down 21.4% year over year) with net income of −$9M.

Q2 2026 key financials · XBRL

Revenue
$49M
−21.4% YoY · −8.2% QoQ
Net income
−$9M
−3706.5% YoY · +1.6% QoQ
Operating margin
-12.9%
EPS (diluted)
−$0.04
−300.0% YoY · −33.3% QoQ

Source: XBRL data from the Akebia Therapeutics, Inc. (AKBA) Q2 2026 10-Q on SEC EDGAR. USD.

Akebia Therapeutics, Inc. Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Commercial portfolio: Vafseo launched January 2025; Auryxia reached loss of exclusivity March 2025
  • Worst product outlook: Auryxia generic entered market after Teva ANDA approval on March 11, 2026
  • R&D expenses $1.8B cumulatively through June 30, 2026
  • Near-term headwinds: Auryxia generic competition and significant ongoing R&D expenditures

Risk Factors

  • Continued losses and uncertain profitability from high R&D and commercialization costs
  • Refinancing dependency for senior secured term loan, with principal payments otherwise starting January 1, 2027
  • Funding runway of at least two years contingent on product, royalty, supply and license revenues
  • Product approval and commercial viability risk despite two approved products, Auryxia and Vafseo

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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