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Ligand Pharmaceuticals LGND Royalties — Total revenues and income

Other product segments

Filspari
$11.32M+114%
Captisol
$8.65M
Kyprolis
$6.74M
Qarziba
$6.3M+15.7%
Evomela
$5.94M-31.5%
Rylaze
$3.81M+3.7%
Ohtuvayre
$3.55M
Ohtuvayre inventors
$3.05M
Other
$2.59M
Teriparatide injection
$2.03M+19.2%
Capvaxive
$1.97M
Vaxneuvance
$1.61M+25.3%
Contract revenue
$110K

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INCYProduct royalty revenues — Total revenues
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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 royalties — total revenues and income?
Ligand Pharmaceuticals (LGND) reported royalties — total revenues and income of $42.96M in Q1 2026.
How has Ligand Pharmaceuticals's royalties — total revenues and income changed year-over-year?
Ligand Pharmaceuticals's royalties — total revenues and income increased by 56.3% year-over-year, from $27.49M to $42.96M.
What is the long-term trend for Ligand Pharmaceuticals's royalties — total revenues and income?
Over 4 years (2021 to 2025), Ligand Pharmaceuticals's royalties — total revenues and income has grown at a 34.7% compound annual growth rate (CAGR), from $48.93M to $161M.
What does royalties — total revenues and income mean?
This metric represents the aggregate financial inflow generated by the royalties segment, encompassing both direct product royalties and associated milestone or licensing income. It serves as a comprehensive measure of the total economic value captured from the company's portfolio of licensed pharmaceutical assets. Tracking this figure allows investors to assess the overall performance and monetization success of the company's intellectual property partnerships.