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Ligand Pharmaceuticals LGND CECL adjustment to financial royalty assets

CECL adjustment to financial royalty assets at other companies

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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$5.6B+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 lgnd:CurrentAndExpectedCreditLossAdjustment.

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 CECL adjustment to financial royalty assets?
Ligand Pharmaceuticals (LGND) reported CECL adjustment to financial royalty assets of $21K in Q1 2026.
How has Ligand Pharmaceuticals's CECL adjustment to financial royalty assets changed year-over-year?
Ligand Pharmaceuticals's CECL adjustment to financial royalty assets increased by 106.4% year-over-year, from -$330K to $21K.
What does CECL adjustment to financial royalty assets mean?
This represents the non-cash charge or reversal related to the Current Expected Credit Loss (CECL) model applied to financial royalty assets or receivables. It reflects management's estimate of potential future credit losses based on current economic conditions and historical data. This metric is a key indicator of the perceived credit risk associated with the company's royalty-based assets.