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Eli Lilly LLY Acquired in-process research and development expenses

Acquired in-process research and development expenses at other companies

AnaptysBio, Inc. logo
AnaptysBio, Inc.ANAB
$0
Eli Lilly logo
Eli LillyLLY
$2.78B+1,703%
FMC Corporation logo
FMC CorporationFMC
$2.98M
Halozyme Therapeutics logo
Halozyme TherapeuticsHALO
$71.22M
Tandem Diabetes Care logo
Tandem Diabetes CareTNDM
$0
iRhythm Holdings, Inc. logo
iRhythm Holdings, Inc.IRTC
$299K-82.4%

Segments

By segment

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Reportable Segment$2.78B+1,703%

Other financials

Income statement

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Revenue$23.0B+47.7%
Gross profit$19.7B+50.3%
Net income$7.1B+25.3%
EPS (diluted)$7.94+26.2%

Balance sheet

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Cash & equivalents$9.0B+165%
Total debt$54.9B+37.6%
Total equity$33.9B+85.4%
Total assets$142.28B+41.0%

Cash flow

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Operating cash flow$10.7B+246%
CapEx$2.9B+72.8%
Free cash flow$7.8B+458%

Valuation

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Market cap$1.06T+58.6%
Enterprise value$1.11T+56.9%
P/E39.8×-8.8×
P/S13.3×+0.8×

Profitability

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Gross margin83.4%+0.8pp
Net margin33.5%+7.6pp
FCF margin22.8%+13.7pp

Returns & leverage

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Return on equity102.4%+15.7pp
Debt / equity1.6×-0.6×
Current ratio1.4×+0.1×

Where this comes from

Reported directly by Eli Lilly in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff.

The source filing: Eli Lilly’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 2:40 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000059478-26-000081
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Cost of sales3,2682,4486,8454,672
Research and development3,8193,3367,3296,070
Marketing, selling, and administrative3,4302,7536,3645,221
Acquired in-process research and development2,7761543,3601,726
Asset impairment, restructuring, and other special charges70398235
Other–net, (income) expense(269)90(204)329
13,7278,78124,67618,053
Income before income taxes9,2476,77718,09710,233

Item 1. Financial Statements

FAQ

What is Eli Lilly's acquired in-process research and development expenses?
Eli Lilly (LLY) reported acquired in-process research and development expenses of $2.78B in Q2 2026.
What does acquired in-process research and development expenses mean?
Acquired in-process research and development expenses

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