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Mirum Pharmaceuticals, Inc.MIRM
-139.8%-168pp

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%
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

Calculated from Ligand Pharmaceuticals’s reported figures.

Based on trailing twelve months.

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 operating margin?
Ligand Pharmaceuticals (LGND) reported operating margin of 34.5% in Q1 2026.
How has Ligand Pharmaceuticals's operating margin changed year-over-year?
Ligand Pharmaceuticals's operating margin increased by 201.2% year-over-year, from -34.1% to 34.5%.
What is the long-term trend for Ligand Pharmaceuticals's operating margin?
Over 3 years (2020 to 2025), Ligand Pharmaceuticals's operating margin has grown at a -8.7% compound annual growth rate (CAGR), from 20.1% to 15.3%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.