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Ligand Pharmaceuticals LGND Contract revenue and income — Total revenues and income

Other product segments

Filspari
$13.57M+106%
Captisol
$7.98M
Kyprolis
$7.04M
Qarziba
$6.15M+4.5%
Evomela
$5.94M-31.5%
Rylaze
$3.81M+3.7%
Ohtuvayre
$3.55M
Ohtuvayre inventors
$3.29M
Contract revenue
$2.68M
Other
$2.59M
Capvaxive
$2.32M
Teriparatide injection
$2.03M+19.2%
Vaxneuvance
$1.35M-48.9%

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PTH
PTHSLicense and collaboration revenues — Total Revenue
$241K

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

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 itemThree months ended / June 30, 2026Three months ended / June 30, 2025Six months ended / June 30, 2026Six months ended / June 30, 2025
Income from financial royalty assets10,6706,31320,69712,215
Royalties48,03236,39790,99063,886
Captisol7,9788,28716,63221,747
Contract revenue and income7,6832,9437,7937,327
Total revenues and income63,69347,627115,41592,960
Operating costs and expenses:
Cost of Captisol3,2142,9076,4877,756
Amortization of intangibles8,0978,25816,19416,515

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Ligand Pharmaceuticals's contract revenue and income — total revenues and income?
Ligand Pharmaceuticals (LGND) reported contract revenue and income — total revenues and income of $7.68M in Q2 2026.
How has Ligand Pharmaceuticals's contract revenue and income — total revenues and income changed year-over-year?
Ligand Pharmaceuticals's contract revenue and income — total revenues and income increased by 161.1% year-over-year, from $2.94M to $7.68M.
What does contract revenue and income — total revenues and income mean?
This metric represents the aggregate financial inflows generated from contract-based arrangements, including license fees, milestone payments, and service-related income within a specific business segment. It reflects the company's ability to monetize its intellectual property and development expertise through strategic partnerships with third-party pharmaceutical and biotechnology entities. This revenue stream is a key indicator of the commercial success and adoption of the company's underlying technology platforms.

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