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Ligand Pharmaceuticals LGND Contract revenue — Total revenues and income

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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

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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
Total royalties48,03236,39790,99063,886
Captisol7,9788,28716,63221,747
Contract revenue and income
Contract revenue2,6831,9262,7936,310
Income5,0001,0175,0001,017
Total contract revenue and income7,6832,9437,7937,327
Total revenues and income$63,693$47,627$115,415$92,960

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Ligand Pharmaceuticals's contract revenue — total revenues and income?
Ligand Pharmaceuticals (LGND) reported contract revenue — total revenues and income of $2.68M in Q2 2026.
How has Ligand Pharmaceuticals's contract revenue — total revenues and income changed year-over-year?
Ligand Pharmaceuticals's contract revenue — total revenues and income increased by 39.3% year-over-year, from $1.93M to $2.68M.
What is the long-term trend for Ligand Pharmaceuticals's contract revenue — total revenues and income?
Over 2 years (2022 to 2025), Ligand Pharmaceuticals's contract revenue — total revenues and income has grown at a 88.4% compound annual growth rate (CAGR), from $18.84M to $66.87M.
What does contract revenue — total revenues and income mean?
This metric represents the aggregate financial inflows generated from the contract-based business segment, encompassing both recurring service fees and non-recurring milestone payments. It serves as a primary indicator of the company's ability to monetize its proprietary technologies and development partnerships. Monitoring this figure helps investors assess the scale and performance of the company's contract-driven revenue streams.

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