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Ligand Pharmaceuticals LGND Qarziba — Financial Royalty Assets, Net

Similar metrics at other companies

Royalty Pharma logo
RPRXCash collections from financial royalty assets
$814.85M+12.2%
Royalty Pharma logo
RPRXCash collections from financial royalty assets
$814.85M+12.2%
Royalty Pharma logo
RPRXCash collections from financial royalty assets
$814.85M+12.2%
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KTBRoyalty — Net revenues
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SNRoyalty — Net Sales
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BCRXRoyalty Financing Liabilities
$426.79M-11.7%

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 lgnd:FinancialRoyaltyAssetsNet.

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 itemJune 30, 2026 / Gross carrying value(1)June 30, 2026 / AllowanceJune 30, 2026 / Net carrying value (1)December 31, 2025 / Gross carrying value(1)December 31, 2025 / AllowanceDecember 31, 2025 / Net carrying value(1)
Qarziba$101,303$(468)$100,835$118,593$(498)$118,095
Agenus Bot/Bal40,815(408)40,40740,815(408)40,407
Tolerance Therapeutics (Tzield®)25,470(99)25,37125,257(98)25,159
Ohtuvayre inventors19,957(179)19,77816,921(151)16,770
Elutia (CorMatrix)6,062(837)5,2256,607(1,107)5,500
AT2204,442(109)4,3335,132(132)5,000
Primrose mRNA3,281(98)3,1833,281(98)3,183
Zerion2,640(79)2,561

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Ligand Pharmaceuticals's qarziba — financial royalty assets, net?
Ligand Pharmaceuticals (LGND) reported qarziba — financial royalty assets, net of $100.84M in Q2 2026.
What does qarziba — financial royalty assets, net mean?
Represents the book value of royalty-based assets after deducting accumulated amortization and allowances for impairment. It provides a clear view of the current net economic value of the product's future cash flow potential on the balance sheet.

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