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Ligand Pharmaceuticals LGND Accrued royalty from financial royalty assets

Accrued royalty from financial royalty assets at other companies

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$1.48M

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:AccruedRoyaltyFromCommercialLicenseRightsIncurredButNotYetPaid.

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 royalty from financial royalty assets?
Ligand Pharmaceuticals (LGND) reported accrued royalty from financial royalty assets of $0 in Q4 2025.
What does accrued royalty from financial royalty assets mean?
Represents royalty revenue earned from commercial partners that has been recognized in the financial statements but not yet collected in cash. This metric tracks the lag between the performance of licensed products and the actual receipt of royalty payments. It is a critical indicator of the company's working capital efficiency regarding its intellectual property monetization.