What is Ligand Pharmaceuticals's AT220 — gross carrying value?

Ligand Pharmaceuticals (LGND) reported AT220 — gross carrying value of $4.44M in Q2 2026.

What does AT220 — gross carrying value mean?

This metric represents the total historical cost or initial valuation of royalty-based intangible assets associated with the AT220 product line before any adjustments for impairment or amortization. It serves as a baseline indicator of the capital invested or the acquisition value attributed to the intellectual property rights within this specific segment. Monitoring this value helps investors understand the scale of the company's asset base dedicated to this particular therapeutic or technology stream.

Ligand Pharmaceuticals (LGND) AT220 — Gross carrying value

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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$6.02B+119%

Enterprise value$6.14B+129%

P/E30.5×—

P/S20.7×+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

See full

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 lgnd:FinancialRoyaltyAssetsGross.

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

Line item	June 30, 2026 / Gross carrying value(1)	June 30, 2026 / Allowance	June 30, 2026 / Net carrying value (1)	December 31, 2025 / Gross carrying value(1)	December 31, 2025 / Allowance	December 31, 2025 / Net carrying value(1)
Tolerance Therapeutics (Tzield®)	25,470	(99)	25,371	25,257	(98)	25,159
Ohtuvayre inventors	19,957	(179)	19,778	16,921	(151)	16,770
Elutia (CorMatrix)	6,062	(837)	5,225	6,607	(1,107)	5,500
AT220	4,442	(109)	4,333	5,132	(132)	5,000
Primrose mRNA	3,281	(98)	3,183	3,281	(98)	3,183
Zerion	2,640	(79)	2,561	—	—	—
Others	5,729	(212)	5,517	5,769	(214)	5,555
Total financial royalty assets, net	$209,699	$(2,489)	$207,210	$222,375	$(2,706)	$219,669

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Ligand Pharmaceuticals's AT220 — gross carrying value?: Ligand Pharmaceuticals (LGND) reported AT220 — gross carrying value of $4.44M in Q2 2026.
What does AT220 — gross carrying value mean?: This metric represents the total historical cost or initial valuation of royalty-based intangible assets associated with the AT220 product line before any adjustments for impairment or amortization. It serves as a baseline indicator of the capital invested or the acquisition value attributed to the intellectual property rights within this specific segment. Monitoring this value helps investors understand the scale of the company's asset base dedicated to this particular therapeutic or technology stream.