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Ligand Pharmaceuticals LGND Development, regulatory, & commercial milestones and tiered royalties — Investments

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RPRXPayments For Milestones
$50M0.0%

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:Investments.

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 development, regulatory, & commercial milestones and tiered royalties — investments?
Ligand Pharmaceuticals (LGND) reported development, regulatory, & commercial milestones and tiered royalties — investments of $375M in Q1 2026.
How has Ligand Pharmaceuticals's development, regulatory, & commercial milestones and tiered royalties — investments changed year-over-year?
Ligand Pharmaceuticals's development, regulatory, & commercial milestones and tiered royalties — investments decreased by 0.0% year-over-year, from $375M to $375M.
What is the long-term trend for Ligand Pharmaceuticals's development, regulatory, & commercial milestones and tiered royalties — investments?
Over 3 years (2021 to 2025), Ligand Pharmaceuticals's development, regulatory, & commercial milestones and tiered royalties — investments has grown at a 0.0% compound annual growth rate (CAGR), from $1.5B to $1.5B.
What does development, regulatory, & commercial milestones and tiered royalties — investments mean?
This metric represents the revenue generated from contractual milestone payments and tiered royalty streams associated with licensed pharmaceutical technologies and drug candidates. It reflects the financial performance of the company's core business model of monetizing intellectual property through partnerships with other biotechnology and pharmaceutical firms. By tracking these inflows, investors can assess the commercial success and regulatory progress of the underlying drug programs within the company's portfolio.