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NASDAQ · Health care

Ironwood Pharmaceuticals Inc (IRWD)

Ironwood Pharmaceuticals Inc brought in $400.3M of revenue over the twelve months to September 30, 2026, up 18.1% from a year earlier. Net income was $149.6M, a net margin of 37.4%. Operating cash flow minus capital spending left $127M of free cash flow in fiscal 2025. At September 30, 2026 it held $86.4M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.

Free, no password. An email when IRWD files with the SEC.

Price
$4.85
+3.63% on the day · November 10, 2026
52-week range $2.40 to $5.78
Market cap
$801.4M
Revenue (last 12 months)
$400.3M
+18.1% year on year
Net margin
37.4%
P/E
32.3
on FY2025 diluted EPS

Key facts about Ironwood Pharmaceuticals Inc

Net worth
Ironwood Pharmaceuticals Inc has a market value (market cap) of $801.4M at the latest share price, and shareholders' equity of -$97.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $296.2M (-15.7% year on year), with net income of $24M. Over the 12 months to September 30, 2026: revenue $400.3M, net income $149.6M.
Cash flow
In fiscal 2025 operations brought in $127M of cash; after $34K of capital spending, free cash flow was $127M.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Ironwood Pharmaceuticals Inc's next report is expected around January 1, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What Ironwood Pharmaceuticals Inc does

Ironwood Pharmaceuticals Inc is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NASDAQ under the ticker IRWD.

Revenue and profit by year

Revenue
FY18: $346.6M $346.6M FY18FY19: $428.4M $428.4M FY19FY20: $389.5M $389.5M FY20FY21: $413.8M $413.8M FY21FY22: $410.6M $410.6M FY22FY23: $442.7M $442.7M FY23FY24: $351.4M $351.4M FY24FY25: $296.2M $296.2M FY25
Net income
FY18: -$282.4M -$282.4M FY18FY19: $21.5M $21.5M FY19FY20: $106.2M $106.2M FY20FY21: $528.4M $528.4M FY21FY22: $175.1M $175.1M FY22FY23: -$1B -$1B FY23FY24: $880K $880K FY24FY25: $24M $24M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$296.2M$98.5M$24M$0.15$127M
2024$351.4M$93.1M$880K$0.01$103.4M
2023$442.7M-$945.4M-$1B-$6.45$183.2M
2022$410.6M$250.3M$175.1M$0.96$273.6M
2021$413.8M$232.3M$528.4M$3.21$261.6M
2020$389.5M$142.9M$106.2M$0.66$167M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around January 1, 2027.

Estimated from its filing rhythm: 52 weeks after its report of January 2, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where IRWD ranks in Health care

Revenue$296.2M
#239 of 751 in Health care · Top 32%
Revenue growth-15.7%
#480 of 532 in Health care · Bottom 10%
Net margin8.1%
#133 of 544 in Health care · Top 24%
Free cash flow margin42.9%
#11 of 490 in Health care · Top 2%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What Ironwood Pharmaceuticals Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 5, 2026
  2. November 5, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 9% to $133M versus the same quarter last year; diluted EPS $0.36 versus $0.23.
  3. November 5, 2026
  4. October 28, 2026
  5. October 16, 2026
  6. August 14, 2026
  7. August 7, 2026
  8. August 6, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 33% to $113M versus the same quarter last year; diluted EPS $0.31 versus $0.14.
  9. August 6, 2026
  10. July 28, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 23, 2026. Insider transactions on SEC

What is IRWD worth? A DCF from its reported cash flow

Insider trades

What the people running Ironwood Pharmaceuticals Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider bought or sold shares on the open market in the last 90 days. The 1 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
September 15, 2026 Denner Alexander JDirector Received as pay 3,694 - - Form 4
July 20, 2026 Silber JeffreySVP, CMO, Head-Res&Drug Received as pay 137,036 - - Form 4
July 7, 2026 Silver RonaldPFO & PAO Soldpre-planned (10b5-1) 127,890 $4.52 $578.1K Form 4
June 16, 2026 Moukheibir CatherineDirector Received as pay 63,481 - - Form 4
June 16, 2026 McHugh JulieDirector Received as pay 63,481 - - Form 4
June 16, 2026 McHugh JulieDirector Soldpre-planned (10b5-1) 21,571 $3.73 $80.5K Form 4
June 16, 2026 Denner Alexander JDirector Received as pay 63,481 - - Form 4
June 16, 2026 Duane Jon RDirector Received as pay 63,481 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns IRWD

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Armistice Capital, LLC13G, passive with 1 related filers 8.43% 13,932,000 August 14, 2026
Alexander J. Denner13D, may seek influence with 1 related filers 5.8% 9,444,944 March 19, 2026

Latest filings below 5%: Bank of America Corp 3.2% (October 28, 2026); Renaissance Technologies LLC 4.9% (May 14, 2026); The Vanguard Group 0% (March 27, 2026); Pacer US Small Cap Cash Cows ETF 1.12% (May 2, 2025).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 212 managers reported a position.

HolderSharesValueChange on quarter
BlackRock, Inc.17,788,557$74.9M+4,425,627
Armistice Capital, LLC13,932,000$58.7M-1,096,000
Sarissa Capital Management LP9,188,635$38.7M0
State Street Corp8,809,601$37.1M+1,352,657
Bank of America Corp8,683,803$36.6M+896
Renaissance Technologies LLC7,993,226$33.7M-67,847
Vanguard Capital Management LLC6,608,508$27.8M+511,054
Aqr Capital Management LLC6,465,921$27.2M-1,069,159
Vanguard Portfolio Management LLC5,513,355$23.2M-1,168,682
Geode Capital Management, LLC4,831,657$20.3M+288,135
Two Sigma Investments, LP4,556,089$19.2M-1,292,187
Marshall Wace, Llp4,290,093$18.1M-234,971
Jacobs Levy Equity Management, Inc4,065,964$17.1M+433,487
Goldman Sachs Group Inc3,313,808$14M+623,174
Charles Schwab Investment Management Inc3,302,242$13.9M-1,435,615
Federated Hermes, Inc.3,231,238$13.6M-117,568
Arrowstreet Capital, Limited Partnership3,017,089$12.7M-380,153
Dimensional Fund Advisors LP2,522,891$10.6M+440,836
Mackenzie Financial Corp2,367,493$10M+1,807,459
Morgan Stanley1,859,914$7.8M+1,035,095

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

14 insiders reported holding 16,462,125 shares in total, about $79.8M at the last price.

HolderSharesAs of
Denner Alexander JDirector 9,516,1849,188,635 held indirectly September 15, 2026
MCCOURT Thomas AChief Executive Officer, Director 1,898,838 March 10, 2026
Shetzline MichaelSVP, CMO, Head-Res&Drug 1,179,462 March 10, 2026
Silver RonaldPFO & PAO 755,250 July 7, 2026
Currie Mark GDirector 676,900 June 16, 2026
John MinardoChief Legal Officer 500,498 March 10, 2026
Gaskins Tammi LChief Commercial Officer 350,350 March 10, 2026
Martini Gregory S.Chief Financial Officer 297,213 March 10, 2026
Duane Jon RDirector 253,820 June 16, 2026
McHugh JulieDirector 250,749 June 16, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about IRWD

What does Ironwood Pharmaceuticals Inc do?

Ironwood Pharmaceuticals Inc is a company in the Health care sector, listed on NASDAQ as IRWD. Its shares trade on NASDAQ under the ticker IRWD.

What is Ironwood Pharmaceuticals Inc's net worth?

Ironwood Pharmaceuticals Inc has a market value (market cap) of $801.4M at the latest share price, and shareholders' equity of -$97.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Ironwood Pharmaceuticals Inc profitable?

Yes. Over the twelve months to September 30, 2026 it reported net income of $149.6M on revenue of $400.3M, a net margin of 37.4%.

How much revenue does Ironwood Pharmaceuticals Inc make?

Over the twelve months to September 30, 2026 Ironwood Pharmaceuticals Inc reported revenue of $400.3M. That is 18.1% more than a year earlier.

When did Ironwood Pharmaceuticals Inc last report?

Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.

When is Ironwood Pharmaceuticals Inc's next earnings report?

Ironwood Pharmaceuticals Inc's next report is expected around January 1, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Ironwood Pharmaceuticals Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.