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Ligand Pharmaceuticals LGND Income from financial royalty assets — Total revenues and income

Other product segments

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$11.32M+114%
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$5.94M-31.5%
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Vaxneuvance
$1.61M+25.3%
Contract revenue
$110K

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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%
Enterprise value$5.4B+95.4%
P/E35.9×
P/S20.1×+4.6×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 income from financial royalty assets — total revenues and income?
Ligand Pharmaceuticals (LGND) reported income from financial royalty assets — total revenues and income of $10.03M in Q1 2026.
How has Ligand Pharmaceuticals's income from financial royalty assets — total revenues and income changed year-over-year?
Ligand Pharmaceuticals's income from financial royalty assets — total revenues and income increased by 69.9% year-over-year, from $5.9M to $10.03M.
What is the long-term trend for Ligand Pharmaceuticals's income from financial royalty assets — total revenues and income?
Over 3 years (2022 to 2025), Ligand Pharmaceuticals's income from financial royalty assets — total revenues and income has grown at a 319.7% compound annual growth rate (CAGR), from $385K to $28.47M.
What does income from financial royalty assets — total revenues and income mean?
This metric represents the total gross revenue and other income generated specifically from the company's portfolio of financial royalty assets. It captures the cash inflows derived from contractual rights to future product sales or milestone payments associated with licensed drug technologies. This figure serves as a key indicator of the commercial success and monetization velocity of the company's royalty-based business model.