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-$63M-26.7%

Other financials

Income statement

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Revenue$63.7M+33.7%
Operating income$8.6M+1.7%
Net income$48.5M+901%
EPS (diluted)$2.22+825%

Balance sheet

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Cash & equivalents$1.0B+1,388%
Total debt$1.1B+19,605%
Total equity$967.5M+16.9%
Total assets$2.2B+130%

Cash flow

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Operating cash flow$24.0M+52.0%
CapEx$26.0K-87.9%

Valuation

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Market cap$6.06B+119%
Enterprise value$6.19B+129%
P/E30.8×
P/S20.9×+6.1×

Profitability

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Gross margin91.9%
Operating margin32.6%+24.0pp
Net margin67.9%+49.4pp
FCF margin45.2%+16.7pp

Returns & leverage

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Return on equity22%+16.9pp
Debt / equity1.2×+1.2×
Current ratio31.2×+25.7×

Where this comes from

Calculated from Ligand Pharmaceuticals’s reported figures.

The source filing: Ligand Pharmaceuticals’s 10-Q, filed August 7, 2026. Open the filing →

Filed
Aug 7, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000886163-26-000044

FAQ

What is Ligand Pharmaceuticals's free cash flow?
Ligand Pharmaceuticals (LGND) reported free cash flow of $23.99M in Q2 2026.
How has Ligand Pharmaceuticals's free cash flow changed year-over-year?
Ligand Pharmaceuticals's free cash flow increased by 53.9% year-over-year, from $15.59M to $23.99M.
What is the long-term trend for Ligand Pharmaceuticals's free cash flow?
Over 4 years (2021 to 2025), Ligand Pharmaceuticals's free cash flow has grown at a -8.6% compound annual growth rate (CAGR), from $70.04M to $48.91M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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