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Ligand Pharmaceuticals LGND Development and Licensing of Biopharmaceutical Assets — Depreciation

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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:Depreciation.

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
Share-based compensation(13,653)(9,997)(24,249)(17,833)
Other segment items:
Amortization of intangibles(8,097)(8,258)(16,194)(16,515)
Depreciation of property and equipment(118)(264)(237)(777)
Interest income7,2981,62113,9533,392
Interest expense(1,748)(1,153)(3,495)(2,020)
Other *1,133(24,729)(50,030)(96,811)
Net income (loss)$48,508$4,847$35,163$(37,604)

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Ligand Pharmaceuticals's development and licensing of biopharmaceutical assets — depreciation?
Ligand Pharmaceuticals (LGND) reported development and licensing of biopharmaceutical assets — depreciation of $118K in Q2 2026.
How has Ligand Pharmaceuticals's development and licensing of biopharmaceutical assets — depreciation changed year-over-year?
Ligand Pharmaceuticals's development and licensing of biopharmaceutical assets — depreciation decreased by 55.3% year-over-year, from $264K to $118K.
What is the long-term trend for Ligand Pharmaceuticals's development and licensing of biopharmaceutical assets — depreciation?
Over 3 years (2022 to 2025), Ligand Pharmaceuticals's development and licensing of biopharmaceutical assets — depreciation has grown at a -36.3% compound annual growth rate (CAGR), from $3.84M to $991K.
What does development and licensing of biopharmaceutical assets — depreciation mean?
This metric tracks the periodic allocation of the cost of tangible property and equipment used within the biopharmaceutical development and licensing segment. It accounts for the wear and tear or obsolescence of physical assets required to support operations. While generally a minor expense for this segment, it provides insight into the capital intensity of the business.

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