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Ligand Pharmaceuticals LGND Net gains (losses) on investments

Net gains (losses) on investments at other companies

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$36.64M+292%
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-$10.18M+44.4%
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Innoviva, Inc.INVA
-$131.83M-1,108%
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Opko HealthOPK
$0
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Nektar TherapeuticsNKTR
-$1.75M+60.8%

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%
Free cash flow$24.0M+53.9%

Valuation

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Market cap$5.89B+105%
Enterprise value$6.02B+114%
P/E29.9×
P/S20.3×+4.9×

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

Reported directly by Ligand Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:UnrealizedGainLossOnInvestments.

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

Filed
Aug 7, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000886163-26-000044
Supplemental disclosure of cash flow information:
Interest paid$$2,369201
Taxes paid$$3,3134,554
Supplemental schedule of non-cash investing and financing activities:
Addition of right-of-use assets and lease liabilities2,315
Accrued debt issuance costs$$906
Accrued fixed asset purchases$$449
Unrealized loss on available-for-sale investments, net of tax$$(754)(71)

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Ligand Pharmaceuticals's net gains (losses) on investments?
Ligand Pharmaceuticals (LGND) reported net gains (losses) on investments of -$22K in Q2 2026.
How has Ligand Pharmaceuticals's net gains (losses) on investments changed year-over-year?
Ligand Pharmaceuticals's net gains (losses) on investments increased by 55.1% year-over-year, from -$49K to -$22K.
What is the long-term trend for Ligand Pharmaceuticals's net gains (losses) on investments?
Over 2 years (2021 to 2025), Ligand Pharmaceuticals's net gains (losses) on investments has grown at a -9.5% compound annual growth rate (CAGR), from -$221K to $181K.
What does net gains (losses) on investments mean?
Realized and unrealized gains/losses on investments removed from operating cash flow since they're investing-related.

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