IRONWOOD PHARMACEUTICALS INC
Business
Ironwood Pharmaceuticals is a biotechnology company developing and commercializing therapies for gastrointestinal and rare diseases. Its commercial product LINZESS (linaclotide) is a GC-C agonist approved in the U.S., Canada, Europe, Mexico, Japan, and China for IBS-C, CIC, and pediatric functional constipation. The company partners with AbbVie, AstraZeneca, and Astellas for global linaclotide commercialization, and is advancing apraglutide, a GLP-2 analog for short bowel syndrome, through Phase III clinical trials. Revenue is primarily derived from collaborative arrangements and milestone payments related to linaclotide partnerships.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenues | 296 | 351 | 443 | 411 | 414 | |
| Research and development | 95 | 111 | 116 | 44 | 70 | |
| Selling, general and administrative | 82 | 144 | 158 | 116 | 111 | |
| Restructuring, net | 20 | 3 | 18 | — | −44,000 | |
| Total costs and expenses | 198 | 258 | 1,388 | 160 | 181 | |
| Income from operations | 99 | 93 | −945 | 250 | 232 | |
| Interest expense and other financing costs | −33 | −33 | −22 | −8 | — | |
| Interest and investment income | 4 | 4 | 19 | 10 | 726,000 | |
| Other | 193,000 | 640,000 | — | — | — | |
| Other income (expense), net | −28 | −28 | −3 | 2 | −32 | |
| Income before income taxes | 70 | 65 | −948 | 252 | 201 | |
| Income tax expense | −46 | −64 | −84 | −77 | 328 | |
| Net income | 24 | 880,000 | −1,002 | 175 | 528 | |
| Net income per share - basic (in dollars per share) | 0.15 | 0.01 | −6.45 | 1.13 | 3.26 | |
| Net income per share - diluted (in dollars per share) | 0.15 | 0.01 | −6.45 | 0.96 | 3.21 | |
| Weighted average shares used in computing net income per share - basic (in shares) | 162 | 159 | 155 | 154 | 162 | |
| Weighted average shares used in computing net income per share - diluted (in shares) | 163 | 160 | 155 | 186 | 164 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 215 | 89 | 92 | 656 | 620 | |
| Accounts receivable, net | 47 | 82 | 129 | 115 | 114 | |
| Prepaid expenses and other current assets | 12 | 12 | 12 | 8 | 9 | |
| Total current assets | 274 | 182 | 233 | 781 | 745 | |
| Property and equipment, net | 3 | 4 | 6 | 6 | 8 | |
| Operating lease right-of-use assets | 9 | 11 | 13 | 14 | 15 | |
| Intangible assets, net | 2 | 3 | 4 | — | — | |
| Deferred tax assets | 103 | 144 | 212 | 284 | 333 | |
| Other assets | 5 | 6 | 4 | 847,000 | 1 | |
| Total assets | 397 | 351 | 471 | 1,101 | 1,127 | |
| Accounts payable | 3 | 2 | 8 | 483,000 | 935,000 | |
| Accrued research and development costs | 3 | 7 | 21 | 5 | 16 | |
| Accrued expenses and other current liabilities | 33 | 27 | 44 | 17 | 24 | |
| Current portion of operating lease liabilities | 3 | 3 | 3 | 3 | 3 | |
| Current portion of convertible senior notes | 200 | — | 200 | — | 117 | |
| Total current liabilities | 242 | 39 | 276 | 26 | 162 | |
| Convertible senior notes, net of current portion | — | 199 | 198 | 396 | 337 | |
| Operating lease obligations, net of current portion | 10 | 12 | 15 | 17 | 18 | |
| Revolving credit facility | 385 | 385 | 300 | — | — | |
| Other liabilities | 22 | 17 | 28 | 10 | 4 | |
| Commitments and contingencies (Note 10) | — | — | — | — | — | |
| Preferred stock, $0.001 par value, 75,000,000 shares authorized, no shares issued and outstanding | — | — | — | — | — | |
| Class A Common Stock, $0.001 par value, 500,000,000 shares authorized and 163,058,316 shares issued and outstanding as of December 31, 2025 and 500,000,000 shares authorized and 160,205,899 shares issued and outstanding as of December 31, 2024 | 163,000 | 160,000 | 156,000 | 154,000 | 162,000 | |
| Additional paid-in capital | 1,413 | 1,395 | 1,355 | 1,349 | 1,543 | |
| Accumulated deficit | −1,674 | −1,698 | −1,699 | −696 | −938 | |
| Accumulated other comprehensive income (loss) | −1 | 923,000 | −3 | — | — | |
| Total stockholders' deficit | −262 | −301 | −346 | 652 | 606 | |
| Total liabilities and stockholders' deficit | 397 | 351 | 471 | 1,101 | 1,127 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 2 | 2 | 2 | 1 | 2 | |
| Loss on disposal of property and equipment | 89,000 | 75,000 | — | 2,000 | 93,000 | |
| Share-based compensation expense | 17 | 30 | 32 | 27 | 22 | |
| Non-cash interest expense | 2 | 2 | — | — | — | |
| Non-cash lease expense | 2 | 2 | — | — | — | |
| Deferred income taxes | 41 | 68 | 73 | 66 | −333 | |
| Accounts receivable, net | 35 | 47 | 924,000 | 8 | 8 | |
| Prepaid expenses and other current assets | 367,000 | 89,000 | 4 | 3 | 601,000 | |
| Other assets | 447,000 | −854,000 | −319,000 | 153,000 | −57,000 | |
| Accounts payable and accrued expenses | 6 | −20 | 12 | −8 | −3 | |
| Accrued research and development costs | −4 | −15 | −6 | −11 | 14 | |
| Operating lease liabilities | −2 | −2 | −2 | −2 | −2 | |
| Other liabilities | 4 | −10 | 507,000 | 11 | −1 | |
| Net cash provided by operating activities | 127 | 104 | 183 | 274 | 262 | |
| Purchases of property and equipment | −34,000 | −142,000 | −273,000 | −136,000 | −265,000 | |
| Net cash used in investing activities | −34,000 | −142,000 | −1,026 | −136,000 | −265,000 | |
| Proceeds from exercise of stock options and employee stock purchase plan | 216,000 | 11 | 6 | 10 | 20 | |
| Taxes paid related to net share settlement of share-based awards | — | −737,000 | — | — | — | |
| Repayment of 2024 Convertible Notes | — | −200 | — | −121 | — | |
| Proceeds from revolving credit facility | — | 150 | 400 | — | — | |
| Costs associated with revolving credit facility | — | −2 | −3 | — | — | |
| Repayments of revolving credit facility | — | −65 | −100 | — | — | |
| Net cash provided by (used in) financing activities | 216,000 | −107 | 277 | −238 | −5 | |
| Effect of exchange rate changes on cash and cash equivalents | −329,000 | −32,000 | −53,000 | — | — | |
| Net increase (decrease) in cash and cash equivalents | 127 | −4 | −566 | 36 | 257 | |
| Cash paid for interest | 30 | 33 | 14 | 6 | 7 | |
| Cash paid for income taxes | 4 | 8 | 10 | 5 | 3 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is IRONWOOD PHARMACEUTICALS INC's CIK number?
IRONWOOD PHARMACEUTICALS INC's SEC CIK number is 0001446847 (1446847). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find IRONWOOD PHARMACEUTICALS INC's SEC filings?
All of IRONWOOD PHARMACEUTICALS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did IRONWOOD PHARMACEUTICALS INC last report earnings?
IRONWOOD PHARMACEUTICALS INC (IRWD) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-056656). This is IRONWOOD PHARMACEUTICALS INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is IRONWOOD PHARMACEUTICALS INC's most recent earnings 8-K?
IRONWOOD PHARMACEUTICALS INC's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001104659-26-056656. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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