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LIGAND PHARMACEUTICALS INC

LIGAND PHARMACEUTICALS INCLGNDEarnings & Financial Report

Nasdaq · pharmaceutical industry

Ligand Pharmaceuticals is an American biopharmaceutical company that focuses on acquiring and developing royalty-generating assets. As of 2024, the company's portfolio included royalty rights to approximately 90 pharmaceutical products across a range of therapeutic areas. Notable products from which Ligand receives royalties include the multiple myeloma (cancer) treatments Kyprolis and Evomela, the kidney disease therapy Filspari, and the pneumococcal vaccine Vaxneuvance. The company also own...

NextFeb 28, 2026

LGND Q3 2025 Key Financial Metrics

Revenue

$115.5M

Gross Profit

N/A

Operating Profit

$54.9M

Net Profit

$117.3M

Gross Margin

N/A

Operating Margin

47.6%

Net Margin

101.6%

YoY Growth

122.8%

EPS

$5.68

Financial Flow

LIGAND PHARMACEUTICALS INC Q3 2025 Financial Summary

LIGAND PHARMACEUTICALS INC reported revenue of $115.5M for Q3 2025, with a net profit of $117.3M (101.6% margin). Cost of goods sold was N/A, operating expenses totaled N/A.

Key Financial Metrics

Total Revenue$115.5M
Net Profit$117.3M
Gross MarginN/A
Operating Margin47.6%
Report PeriodQ3 2025

LIGAND PHARMACEUTICALS INC Annual Revenue by Year

LIGAND PHARMACEUTICALS INC annual revenue history includes year-by-year totals (for example, 2024 revenue was $167.1M).

YearAnnual Revenue
2024$167.1M
2023$131.3M
2022$196.2M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$28.1M$31.0M$41.5M$51.8M$42.8M$45.3M$47.6M$115.5M
YoY Growth3.9%-29.6%57.5%57.6%52.4%46.3%14.7%122.8%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$787.2M$913.9M$866.4M$954.9M$941.8M$905.4M$948.6M$1.48B
Liabilities$86.3M$107.3M$91.2M$113.7M$111.3M$109.9M$120.1M$526.6M
Equity$700.9M$806.5M$775.2M$841.2M$830.4M$795.5M$828.5M$950.2M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$8.1M$18.7M$13.3M$36.5M$28.5M$-25.4M$15.8M$13.1M