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Ligand Pharmaceuticals LGND Net Change in Cash

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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:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect.

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
Proceeds from Pelthos investors6,910
Net cash provided by financing activities532,30110,248
Effect of exchange rate changes on cash and cash equivalents(5)3,350
Net increase (decrease) in cash, cash equivalents and restricted cash, including cash and cash equivalents classified within assets held for sale831,775(1,821)
Less: net increase in cash and cash equivalents classified within assets held for sale(2,817)
Net increase (decrease) in cash, cash equivalents and restricted cash831,775(4,638)
Cash, cash equivalents and restricted cash at beginning of period174,92772,307
Cash, cash equivalents and restricted cash at end of period$1,006,702$67,669

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Ligand Pharmaceuticals's net change in cash?
Ligand Pharmaceuticals (LGND) reported net change in cash of $891.61M in Q2 2026.
How has Ligand Pharmaceuticals's net change in cash changed year-over-year?
Ligand Pharmaceuticals's net change in cash increased by 4430.5% year-over-year, from $19.68M to $891.61M.
What is the long-term trend for Ligand Pharmaceuticals's net change in cash?
Over 3 years (2021 to 2025), Ligand Pharmaceuticals's net change in cash has grown at a 50.9% compound annual growth rate (CAGR), from -$29.86M to $102.62M.
What does net change in cash mean?
Total increase or decrease in cash during the period — the sum of operating, investing, financing cash flows plus FX effects.

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