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Ligand Pharmaceuticals LGND Accrued purchases of financial royalty assets

Accrued purchases of financial royalty assets at other companies

Tarsus Pharmaceuticals, Inc. logo
Tarsus Pharmaceuticals, Inc.TARS
$7.27M+85.6%
Gentex logo
GentexGNTX
$29.36M+39.2%
John Wiley & Sons, Inc. logo
John Wiley & Sons, Inc.WLYB
$97.79M-10.9%
Insmed logo
InsmedINSM
$162.14M-0.2%
BillionToOne, Inc.
 logo
BillionToOne, Inc. BLLN
$482K
Revolution Medicines, Inc. logo
Revolution Medicines, Inc.RVMD
$280.64M

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:AccruedCommercialLicenseRightsPurchasesIncurredButNotYetPaid.

The official record: Ligand Pharmaceuticals’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ligand Pharmaceuticals's accrued purchases of financial royalty assets?
Ligand Pharmaceuticals (LGND) reported accrued purchases of financial royalty assets of $0 in Q4 2025.
What does accrued purchases of financial royalty assets mean?
Captures the value of acquired commercial license rights or royalty streams that have been committed to but not yet paid in cash. This metric reflects the company's ongoing investment in expanding its portfolio of royalty-generating assets. It serves as a leading indicator of future cash outflows required to settle contractual obligations for new intellectual property.