Ligand Pharmaceuticals Incorporated

Ligand Pharmaceuticals Incorporated

LGNDยทNASDAQ

$234.40

+0.77%
HealthcareBiotechnology

Ligand Pharmaceuticals Incorporated, a biopharmaceutical company, focuses on developing or acquiring technologies that help pharmaceutical companies to discover and develop medicines worldwide. Its commercial programs include Kyprolis and Evomela, which are used to treat multiple myeloma; Veklury for the treatment of moderate or severe COVID-19; Teriparatide injection product for osteoporosis; Vaxneuvance for the prevention of invasive disease caused by Streptococcus pneumoniae; and Pneumosil, a pneumococcal conjugate vaccine to help fight against pneumococcal pneumonia among children. The company also offers Rylaze, a recombinant erwinia asparaginase for the treatment of acute lymphoblastic leukemia or lymphoblastic lymphoma in adult and pediatric patients; and Nexterone, a captisol-enabled formulation of amiodarone; and Zulresso, a captisol-enabled formulation of brexanolone for the treatment of postpartum depression. In addition, it provides Noxafil-IV, a captisol-enabled formulation of posaconazole for IV use; Duavee for the treatment of postmenopausal osteoporosis; Aziyo portfolio of commercial pericardial repair and CanGaroo envelope extracellular matrix products; Exemptia for autoimmune diseases; Vivitra for breast cancer; Bryxta and Zybev for various indications; and Minnebro for the treatment of hypertension. The company's partners and licenses programs, which are in clinical development used for the treatment of cancer, seizure, diabetes, cardiovascular disease, muscle wasting, liver and kidney disease, and other diseases. Further, it sells Captisol materials. The company was incorporated in 1987 and is headquartered in Emeryville, California.

At a Glance

Live Snapshot
Market Cap$4.70B
EPS6.4400
P/E Ratio36.40
Earnings Date08/06/2026
3Y+37.0%
5Y+64.0%
10Y+146.0%
3Y-473.0%
5Y-4269.0%
10Y-7707.0%
3Y-64.0%
5Y-10.0%
10Y-22.0%
Ligand Pharmaceuticals Incorporated

Ligand Pharmaceuticals Incorporated Profit Bridge

LGND ยท NASDAQ
Revenue268.09M
Cost of Goods Sold (6.59M)
Gross Profit261.50M
Operating Expenses (214.30M)
Operating Income47.20M
Interest Expense (0.00)
Other Income/Expense111.76M
Pretax Income158.96M
Income Tax (34.51M)
Net Income124.45M
Net Income
124.45M

Profitability Analysis

Gross Margin

97.5%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

17.6%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

46.4%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

21.7%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

Ligand Pharmaceuticals Incorporated Income Statement

LGND โ€ข NASDAQ

Ligand Pharmaceuticals Incorporated Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
268.1M
167.1M
131.3M
196.2M
241.5M
163.6M
120.3M
251.5M
141.1M
109M
71.9M
64.5M
49M
31.4M
30M
23.5M
38.9M
27.3M
12.9M
141M
GROSS PROFIT
(6.6M)
(11.1M)
(35M)
(52.8M)
(62.2M)
(30.4M)
(11.3M)
(6.3M)
(5.4M)
(5.6M)
(5.8M)
(9.1M)
(5.7M)
(3.6M)
(4.9M)
(0.0)
(15.2M)
(0.0)
(0.0)
(22.6M)
261.5M
156.1M
96.3M
143.4M
179.4M
133.1M
108.9M
245.1M
135.7M
103.4M
66.1M
55.4M
43.2M
27.8M
25.1M
23.5M
23.7M
27.3M
12.9M
118.3M
OPERATING INCOME
(214.3M)
(178.7M)
(84.3M)
(140.4M)
(75.5M)
(95.6M)
-698.1M
(81.4M)
(67.7M)
(58.5M)
(37.8M)
(34.7M)
(27.3M)
(26.9M)
(25.3M)
(51.8M)
(70.3M)
(52.6M)
(73.1M)
(287.1M)
(92.4M)
(78.7M)
(52.8M)
(70.1M)
(46.8M)
(60M)
(41.9M)
(37.7M)
(28.7M)
(26.6M)
(24.4M)
(22.6M)
(18M)
(16.1M)
(15M)
(29.7M)
(15.2M)
(23.8M)
(30.4M)
(248.3M)
(81.2M)
(21.4M)
(24.5M)
(36.1M)
(32.1M)
(40.5M)
(55.9M)
(27.9M)
(26.9M)
(21.2M)
(13.4M)
(12.1M)
(9.3M)
(10.8M)
(10.3M)
(22.1M)
(39.9M)
(30.8M)
(44.6M)
(41.9M)
47.2M
-22.6M
11.9M
3M
103.9M
37.5M
807.1M
163.7M
68.1M
43.9M
27.3M
19.6M
14.9M
574K
-698K
-29.3M
-10M
-97.3M
-60.2M
-168.8M
PRE-TAX INCOME
(0.0)
(3M)
(656K)
(1.8M)
(19.6M)
(27.4M)
(35.7M)
(48.3M)
(11.4M)
(12.2M)
(11.8M)
(4.9M)
(2.1M)
(3.3M)
(2.5M)
(58K)
(270K)
(202K)
(735K)
(0.0)
8.9M
5M
7.1M
247K
-18.7M
-19.3M
-7.3M
-34.3M
-11.4M
-12.2M
-11.8M
-4.9M
-2.1M
-2.9M
-2.3M
382K
316K
2M
7.9M
0.0
(40.7M)
(78.6M)
(7M)
(34.2M)
-3.4M
-4.9M
-795.9M
(15.8M)
(12.1M)
(10.6M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-2M
-2M
-3.1M
111.8M
25.1M
51.7M
33M
-31.6M
-36.2M
-10.4M
9.6M
-10.8M
-35.9M
8M
-8.3M
-5.7M
-4.4M
-2.9M
13.9M
95K
-239K
6.7M
-96.2M
159M
2.5M
63.7M
36M
72.2M
1.3M
796.6M
173.3M
57.2M
8M
35.3M
11.3M
9.2M
-3.9M
-2.9M
-15.4M
-9.9M
-97.5M
-53.5M
-174.3M
NET INCOME
(34.5M)
(6.6M)
(9.8M)
(41.2M)
-4.1M
-5.3M
(167.3M)
(30M)
(44.7M)
(10.3M)
-219.6M
(410K)
(374K)
-1.2M
-13.1M
-2.6M
-7.9M
-55K
-18.7M
-38.4M
124.5M
-4M
52.2M
-33.4M
57.1M
-3M
629.3M
143.3M
12.6M
-1.6M
257.3M
12M
11.4M
-527K
10.2M
-12.5M
-1.9M
-98.1M
281.7M
-31.7M

SEC Filings

LGND - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 18, 2026
May 16, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 24, 2026
2026
8-K

8-K 2026

N/A

April 27, 2026
April 27, 2026
2026
DEF 14A

DEF 14A 2025

N/A

April 21, 2026
December 31, 2025
2025
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 26, 2026
February 26, 2026
2026
8-K

8-K 2025

N/A

December 18, 2025
December 18, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 07, 2025
September 30, 2025
2025
Showing 1 to 10 of 661 filings