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-64.0%
5Y-10.0%
10Y-22.0%
3Y-331.0%
5Y-263.0%
10Y+164.0%
3Y-255.0%
5Y-238.0%
10Y+28166.0%
LGND

Ligand Pharmaceuticals Incorporated Cash Conversion Engine

LGND ยท NASDAQ
Net Income124.45M
Depreciation & Amortization35.72M
Stock-Based Compensation0.00
Change in Working Capital-12.66M
Others-120.83M
Capital Expenditures-452.00K
Free Cash Flow48.91M

Cash Flow Quality Analysis

FCF Conversion Rate

39.3%

Weak cash conversion. Significant portion of earnings not converting to cashโ€”review working capital trends and capital intensity.

CapEx Intensity

0.9%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-36.8%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$12.66M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

Ligand Pharmaceuticals Incorporated Cash Flow Statement

LGND โ€ข NASDAQ

Ligand Pharmaceuticals Incorporated Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 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
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-98.1M
281.7M
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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
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(19.2M)
(8.8M)
(11.6M)
(3.7M)
(2.1M)
(103.8M)
(341K)
(157K)
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(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
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130K
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-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

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