$234.40
+0.77%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.
Weak cash conversion. Significant portion of earnings not converting to cashโreview working capital trends and capital intensity.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.
Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.
LGND โข NASDAQ
| Ligand Pharmaceuticals Incorporated Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
124.5M | -4M | 52.2M | -33.4M | 57.1M | -3M | 629.3M | 143.3M | 12.6M | -2.4M | 254.9M | 10.9M | 8.8M | -2.7M | 10.2M | -12.8M | -8.3M | -98.1M | 281.7M | -31.7M | |
35.7M | 35.2M | 36.5M | 51.4M | 50.9M | 28M | 43.7M | 14.7M | 11.7M | 11.3M | 2.6M | 2.7M | 2.7M | 2.7M | 2.8M | 2.2M | 3.1M | 1.1M | 2.6M | 16.2M | |
22.7M | -15.8M | 11.7M | 20.7M | -8.6M | -19.1M | 74.8M | 29.7M | 44.5M | 10.7M | -219.6M | 410K | 374K | -1.2M | -13.3M | 6M | -22.8M | -1.4M | -5.8M | -9.7M | |
0.0 | 41.1M | 25.7M | 60.3M | 38.8M | 30.7M | 24.5M | 20.8M | 24.9M | 18.9M | 12.5M | 11.3M | 5.7M | 4.1M | 3.4M | 2.3M | 3.4M | -537K | 7.6M | 5.3M | |
-120.8M | 21.2M | -42.1M | -26.8M | -7.3M | 28M | -797.5M | 24.3M | 11.3M | 35.1M | -9.5M | 6.3M | 3.9M | 13K | 1.6M | -68K | 9.2M | 79.6M | -328M | -36M | |
(0.0) | (19.2M) | (8.8M) | (11.6M) | (3.7M) | (2.1M) | (103.8M) | (341K) | (157K) | (38K) | (28K) | (18K) | (26K) | (0.0) | (39K) | (28K) | (14K) | (140K) | (8.4M) | (0.0) | |
-12.7M | 19.4M | -34.4M | 65.7M | -52.2M | -10.1M | -4.2M | -38.9M | -11.4M | -10.6M | 821K | -10.9M | -702K | -2.8M | -5.9M | -24.7M | -18.3M | -1.3M | -55.8M | -82.7M | |
49.4M | 97M | 49.6M | 137.9M | 78.8M | 54.6M | -29.3M | 194.1M | 93.6M | 63M | 41.7M | 20.6M | 20.7M | 161K | -1.2M | -27.1M | -33.8M | -20.6M | -97.7M | -138.5M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-11.3M | -1.8M | -3.5M | -17.9M | -8.8M | -4.5M | -2.6M | -11.9M | -7.2M | -28.3M | -10.9M | -4.5M | -4.9M | -8.6M | -78K | -70K | -522K | -495K | -440K | -1.8M | |
-8.1M | -172.2M | -25.7M | -750K | (494K) | -383.3M | -12.8M | -5.9M | -26.7M | -94.2M | -9.2M | -3.5M | -989K | (0.0) | -32M | -2.8M | (9.8M) | (4.1M) | (310.1M) | (183.3M) | |
-730.9M | -226.4M | -126.8M | -51.2M | -181.3M | -422.5M | -2.4B | -1.4B | -254.3M | -164.4M | -166M | (0.0) | (0.0) | (0.0) | -10M | -35.6M | -32.8M | -68.4M | -25.6M | -18.4M | |
377.3M | 269.6M | 194.2M | 234.4M | 221.3M | 1B | 2B | 1B | 196.6M | 143.5M | 73.3M | 2.3M | 0.0 | 10M | 19.3M | 54M | 47.8M | 32M | 20.1M | 25.6M | |
-4.3M | -12.9M | -49.9M | -868K | -1.2M | 3.3M | 808.1M | 3.9M | 7.3M | 300K | -16M | 130K | -37K | -93K | -2.4M | -1M | 539K | 8.3M | 39.6M | 8.1M | |
-377.3M | -143.7M | -11.7M | (163.6M) | (30.5M) | (231.6M) | (466.9M) | -423.3M | -84.2M | -143.2M | -112.9M | -2M | -5M | (1.3M) | -25.1M | (14.5M) | (24.8M) | -24.4M | (343.8M) | (196.9M) | |
FINANCING ACTIVITIES | ||||||||||||||||||||
99.9M | 37.1M | 0.0 | -8.2M | 15.3M | -78M | -453M | -122.9M | -2M | -3.9M | -489K | -68M | 3.1M | 5.4M | -55K | -68K | 228K | -1.5M | -35.2M | 9.1M | |
338.1M | -25K | -76.9M | -261M | -146M | -231.8M | -27.3M | 532.3M | 0.0 | 0.0 | 0.0 | 235.6M | -19.6M | -2.5M | 30M | -91K | -3.9M | -1.5M | -2.2M | 24.4M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -252.6M | (0.0) | |
-15M | (0.0) | (0.0) | -8.2M | -18.4M | -78M | -453M | -122.9M | -2M | -3.9M | -489K | -68M | (0.0) | (0.0) | -55K | -91K | (0.0) | -1.6M | -39.6M | (0.0) | |
-9.8M | 60M | 17M | -6.8M | -7.1M | -789K | -383K | -77.1M | -5.6M | -999K | 8.8M | -37.7M | 0.0 | 979K | 54K | 0.0 | 0.0 | 0.0 | -37.6M | -153K | |
428.2M | 97.1M | -59.9M | -276M | -137.8M | -310.5M | -485.2M | 328.6M | -7.5M | 1.5M | 8.4M | 130M | -16.5M | 3.9M | 30M | -159K | -3.7M | -3M | -327.7M | 33.3M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
2.4M | -1.2M | 0.0 | 0.0 | 0.0 | 0.0 | 83K | -215K | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
102.6M | 49.4M | -22.1M | 25.5M | -28.4M | -24.3M | -47.5M | 99.2M | 1.9M | -78.7M | -62.8M | 148.6M | -742K | 5.3M | 3.7M | -12.7M | -12.7M | -48.1M | -81.6M | 91.6M | |
72.3M | 23M | 45M | 19.5M | 48M | 72.3M | 119.8M | 20.6M | 18.8M | 97.4M | 160.2M | 11.6M | 12.4M | 7M | 3.3M | 16M | 28.8M | 76.8M | 158.4M | 66.8M | |
174.9M | 72.3M | 23M | 45M | 19.5M | 48M | 72.3M | 119.8M | 20.6M | 18.8M | 97.4M | 160.2M | 11.6M | 12.4M | 7M | 3.3M | 16M | 28.8M | 76.8M | 158.4M | |
48.9M | 77.4M | -4.3M | 119.9M | 70M | 50.1M | -31.9M | 182.2M | 86.4M | 34.7M | 30.9M | 16.1M | 15.8M | -8.5M | -1.3M | -27.1M | -34.3M | -21.1M | -98.2M | -140.3M |
LGND - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
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 |
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