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Ligand Pharmaceuticals LGND AT220 — Financial Royalty Assets, Net

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Other financials

Income statement

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Revenue$51.7M+14.1%
Operating income$17.4M+148%
Net income-$13.3M+68.6%
EPS (diluted)-$0.67+69.7%

Balance sheet

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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

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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

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Gross margin91.9%
Operating margin34.5%+23.0pp
Net margin55.9%+35.7pp
FCF margin44.8%+16.8pp

Returns & leverage

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Return on equity17.1%+11.5pp
Debt / equity0.0×
Current ratio21.3×+16.0×

Where this comes from

Reported directly by Ligand Pharmaceuticals in its filing.

Tagged under the XBRL concept lgnd:FinancialRoyaltyAssetsNet.

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 AT220 — financial royalty assets, net?
Ligand Pharmaceuticals (LGND) reported AT220 — financial royalty assets, net of $4.66M in Q1 2026.
What does AT220 — financial royalty assets, net mean?
This metric represents the current carrying value of royalty assets for the AT220 segment after accounting for all applicable allowances and impairments. It provides the most accurate reflection of the asset's remaining economic value on the balance sheet, which is expected to generate future royalty income. Investors use this figure to assess the net book value of the company's investment in this specific product line and its potential for future earnings contribution.