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Companies / Health Care / Akebia Therapeutics, Inc.
AKBA

Akebia Therapeutics, Inc.

Health CarePharmaceutical Preparations
Ticker AKBACAMBRIDGE, MAFiscal year ends DecemberBook value per share $0.09Diluted shares 268.3M

Akebia Therapeutics, Inc. (NASDAQ: AKBA) is a fully integrated biopharmaceutical company focused on developing and commercializing innovative therapeutics for patients impacted by kidney disease and other chronic conditions. The company maintains its website at www.akebia.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$236.20M
+47.5% year over year
Last 12 mo $219.06M
9.95%
+41.5 percentage points
Last 12 mo -6.90%
$-5.34M
+92.3% year over year
Last 12 mo $-29.67M
-16.39%
−157.5 percentage points
Last 12 mo -118.58%
Cash & financing
$67.99M
+267.2% year over year
Last 12 mo $41.55M
$67.70M
+266.4% year over year
Last 12 mo $40.26M
1.48
Was -0.79× a year earlier
Last 12 mo 1.98
257.2M
+21.9% year over year
Last 12 mo 268.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Akebia Therapeutics, Inc. does

In the company’s own words

Akebia Therapeutics, Inc. (NASDAQ: AKBA) is a fully integrated biopharmaceutical company focused on developing and commercializing innovative therapeutics for patients impacted by kidney disease and other chronic conditions. The company maintains its website at www.akebia.com.

Akebia operates with two commercial revenue-generating products and a robust pipeline of mid-stage and early-stage development candidates. Vafseo (vadadustat), approved by the FDA in March 2024, is an orally administered hypoxia inducible factor prolyl hydroxylase inhibitor for treating anemia due to chronic kidney disease in adult dialysis patients. Vafseo entered the U.S. market in January 2025 and represents the only oral HIF-based treatment available domestically for this indication. Auryxia (ferric citrate), launched in December 2014, is an oral medicine approved for two indications: controlling serum phosphorus levels in dialysis-dependent chronic kidney disease patients and treating iron deficiency anemia in non-dialysis-dependent chronic kidney disease patients. Auryxia reached loss of exclusivity in March 2025.

The company's mid-stage pipeline includes praliciguat, a soluble guanylate cyclase stimulator licensed from Cyclerion Therapeutics for treating focal segmental glomerulosclerosis, and AKB-097, an anti-C3d-Factor H fusion protein complement inhibitor acquired through an asset purchase agreement with Q32 Bio in November 2025 for treating complement-mediated rare kidney diseases. Early-stage pipeline assets include AKB-9090 and AKB-10108, both HIF-based molecules being evaluated for acute kidney injury, acute respiratory distress syndrome, and retinopathy of prematurity.

The company has secured commercial supply agreements with dialysis organizations caring for nearly 100 percent of U.S. dialysis patients. Akebia's strategic focus centers on driving Vafseo adoption as standard of care for dialysis patients, supporting Auryxia's continued commercialization amid generic competition, advancing its rare kidney disease pipeline, and leveraging HIF biology expertise to expand beyond kidney disease into other therapeutic areas. The company serves a market addressing approximately 35.5 million chronic kidney disease patients in the United States, with significant unmet medical needs across multiple kidney-related conditions and complications.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
CAMBRIDGE, MA
Fiscal year end
December
CIK
1517022
SIC
2834

Financial performance, year by year

Fiscal 2014–2025 · USD
$-455.30M$-239.77M$-24.23M$191.31M$406.85M201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Akebia Therapeutics, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

136
funds hold it
0 of 35
superinvestors hold it
$48.81M
held by funds, at market
15.3%
of shares held by funds

Largest fund holders · Akebia Therapeutics, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
0.01%of fund net assets
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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