What is Rigel Pharmaceuticals's net debt?

Rigel Pharmaceuticals (RIGL) reported net debt of $43.9M in Q1 2026.

How has Rigel Pharmaceuticals's net debt changed year-over-year?

Rigel Pharmaceuticals's net debt increased by 198.7% year-over-year, from -$44.47M to $43.9M.

What is the long-term trend for Rigel Pharmaceuticals's net debt?

Over 5 years (2020 to 2025), Rigel Pharmaceuticals's net debt has grown at a 31.1% compound annual growth rate (CAGR), from -$11.07M to $42.87M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Rigel Pharmaceuticals RIGL Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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1.1×-0.3×

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6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

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3.1×-0.1×

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4.8×+2.6×

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-0.9×—

Other financials

Income statement

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Revenue$58.8M+10.3%

Gross profit$54.2M+10.8%

Operating income$11.9M-7.0%

Net income$8.7M-24.4%

EPS (diluted)$0.44-30.2%

Balance sheet

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Cash & equivalents$24.5M-46.6%

Total debt$68.4M+5,079%

Total equity$399.9M+2,054%

Total assets$504.6M+187%

Cash flow

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Operating cash flow$2.7M+405%

CapEx$73.0K—

Free cash flow-$22.0M—

Valuation

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Market cap$684.39M+102%

Enterprise value$728.29M+148%

P/E1.9×-7.2×

P/S2.3×+0.6×

Profitability

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Gross margin93.4%+3.7pp

Operating margin41.6%+19.9pp

Net margin121.5%+103pp

FCF margin-61.7%—

Returns & leverage

See full

Return on equity174.1%—

Debt / equity0.2×+0.1×

Current ratio2.6×+0.4×

Where this comes from

Calculated from Rigel Pharmaceuticals’s reported figures.

$68.4Mtotal debt−$24.5Mcash and equivalents=$43.9M

The official record: Rigel Pharmaceuticals’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Rigel Pharmaceuticals's net debt?: Rigel Pharmaceuticals (RIGL) reported net debt of $43.9M in Q1 2026.
How has Rigel Pharmaceuticals's net debt changed year-over-year?: Rigel Pharmaceuticals's net debt increased by 198.7% year-over-year, from -$44.47M to $43.9M.
What is the long-term trend for Rigel Pharmaceuticals's net debt?: Over 5 years (2020 to 2025), Rigel Pharmaceuticals's net debt has grown at a 31.1% compound annual growth rate (CAGR), from -$11.07M to $42.87M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.