What is Ligand Pharmaceuticals's inventories?

Ligand Pharmaceuticals (LGND) reported inventories of $13.27M in Q1 2026.

How has Ligand Pharmaceuticals's inventories changed year-over-year?

Ligand Pharmaceuticals's inventories decreased by 9.2% year-over-year, from $14.61M to $13.27M.

What is the long-term trend for Ligand Pharmaceuticals's inventories?

Over 5 years (2020 to 2025), Ligand Pharmaceuticals's inventories has grown at a -19.2% compound annual growth rate (CAGR), from $26.49M to $9.13M.

What does inventories mean?

Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

Ligand Pharmaceuticals LGND Inventories

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Segments

By product

See full

Captisol$1.8M-35.7%

Other financials

Income statement

See full

Revenue$51.7M+14.1%

Operating income$17.4M+148%

Net income-$13.3M+68.6%

EPS (diluted)-$0.67+69.7%

Balance sheet

See full

Cash & equivalents$115.1M+140%

Total debt$5.1M+14.2%

Total equity$997.3M+25.4%

Total assets$1.5B+69.2%

Cash flow

See full

Operating cash flow$48.7M+291%

CapEx$228.0K+6.5%

Free cash flow$48.5M+289%

Valuation

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Market cap$5.51B+96.7%

Enterprise value$5.4B+95.4%

P/E35.9×—

P/S20.1×+4.6×

Profitability

See full

Gross margin91.9%—

Operating margin34.5%+23.0pp

Net margin55.9%+35.7pp

FCF margin44.8%+16.8pp

Returns & leverage

See full

Return on equity17.1%+11.5pp

Debt / equity0×0.0×

Current ratio21.3×+16.0×

Where this comes from

Reported directly by Ligand Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:InventoryNet.

The official record: Ligand Pharmaceuticals’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ligand Pharmaceuticals's inventories?: Ligand Pharmaceuticals (LGND) reported inventories of $13.27M in Q1 2026.
How has Ligand Pharmaceuticals's inventories changed year-over-year?: Ligand Pharmaceuticals's inventories decreased by 9.2% year-over-year, from $14.61M to $13.27M.
What is the long-term trend for Ligand Pharmaceuticals's inventories?: Over 5 years (2020 to 2025), Ligand Pharmaceuticals's inventories has grown at a -19.2% compound annual growth rate (CAGR), from $26.49M to $9.13M.
What does inventories mean?: Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.