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$98.45M-11.3%

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:PropertyPlantAndEquipmentNet.

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
Right-of-use assets$6,440$7,223
Property and equipment, net3,3963,571
Other2,0051,788
Total other assets$11,841$12,582

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Ligand Pharmaceuticals's PP&E (net)?
Ligand Pharmaceuticals (LGND) reported PP&E (net) of $3.4M in Q2 2026.
How has Ligand Pharmaceuticals's PP&E (net) changed year-over-year?
Ligand Pharmaceuticals's PP&E (net) decreased by 6.5% year-over-year, from $3.63M to $3.4M.
What is the long-term trend for Ligand Pharmaceuticals's PP&E (net)?
Over 5 years (2020 to 2025), Ligand Pharmaceuticals's PP&E (net) has grown at a -23.0% compound annual growth rate (CAGR), from $13.19M to $3.57M.
What does PP&E (net) mean?
Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

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