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Ligand Pharmaceuticals LGND Captisol — Inventory

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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%

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 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 captisol — inventory?
Ligand Pharmaceuticals (LGND) reported captisol — inventory of $1.8M in Q1 2026.
How has Ligand Pharmaceuticals's captisol — inventory changed year-over-year?
Ligand Pharmaceuticals's captisol — inventory decreased by 35.7% year-over-year, from $2.8M to $1.8M.
What is the long-term trend for Ligand Pharmaceuticals's captisol — inventory?
Over 3 years (2022 to 2025), Ligand Pharmaceuticals's captisol — inventory has grown at a -43.1% compound annual growth rate (CAGR), from $53.3M to $9.8M.
What does captisol — inventory mean?
The total value of raw materials, work-in-progress, and finished goods associated with the Captisol product line held by the company. Monitoring this balance helps assess supply chain efficiency and the company's ability to meet anticipated demand for its formulation technology.