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Ligand Pharmaceuticals LGND Operating Lease Liabilities

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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:OperatingLeaseLiabilityNoncurrent.

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, 2026December 31, 2025
Other current liabilities955135
Total current liabilities46,73637,447
Long-term contingent liabilities2,3822,934
Long-term operating lease liabilities3,7774,204
Convertible senior notes, net1,126,594446,192
Deferred income taxes, net21,65436,019
Other long-term liabilities17,21616,629
Total liabilities1,218,359543,425

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Ligand Pharmaceuticals's operating lease liabilities?
Ligand Pharmaceuticals (LGND) reported operating lease liabilities of $3.78M in Q2 2026.
How has Ligand Pharmaceuticals's operating lease liabilities changed year-over-year?
Ligand Pharmaceuticals's operating lease liabilities decreased by 18.4% year-over-year, from $4.63M to $3.78M.
What is the long-term trend for Ligand Pharmaceuticals's operating lease liabilities?
Over 5 years (2020 to 2025), Ligand Pharmaceuticals's operating lease liabilities has grown at a -5.7% compound annual growth rate (CAGR), from $5.64M to $4.2M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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