LGND
Ligand Pharmaceuticals Incorporated
NASDAQ: LGND · HEALTHCARE · BIOTECHNOLOGY
$224.86
-3.21% today
Updated 2026-04-29
Market cap
$2.73B
P/E ratio
36.74
P/S ratio
10.17x
EPS (TTM)
$6.12
Dividend yield
—
52W range
$99 – $247
Volume
0.2M
Ligand Pharmaceuticals Incorporated (LGND) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $140.96M | $12.89M | $27.32M | $38.94M | $23.54M | $30.04M | $31.39M | $48.97M | $64.54M | $71.91M | $108.97M | $141.10M | $251.45M | $120.28M | $163.56M | $241.54M | $196.25M | $131.31M | $167.13M | $268.09M |
| Revenue growth (YoY) | — | -90.9% | +111.8% | +42.6% | -39.6% | +27.6% | +4.5% | +56.0% | +31.8% | +11.4% | +51.5% | +29.5% | +78.2% | -52.2% | +36.0% | +47.7% | -18.8% | -33.1% | +27.3% | +60.4% |
| Cost of revenue | $22.64M | $58.73M | $41.70M | $15.23M | $6.46M | $4.91M | $3.60M | $5.73M | $9.14M | $5.81M | $5.57M | $5.37M | $6.34M | $11.35M | $30.42M | $62.18M | $52.83M | $35.05M | $11.07M | $6.59M |
| Gross profit | $118.32M | $12.89M | $27.32M | $23.70M | $23.54M | $25.13M | $27.79M | $43.24M | $55.40M | $66.11M | $103.40M | $135.74M | $245.12M | $108.94M | $133.14M | $179.37M | $143.42M | $96.27M | $156.06M | $261.50M |
| Gross margin | 83.9% | 100.0% | 100.0% | 60.9% | 100.0% | 83.7% | 88.5% | 88.3% | 85.8% | 91.9% | 94.9% | 96.2% | 97.5% | 90.6% | 81.4% | 74.3% | 73.1% | 73.3% | 93.4% | 97.5% |
| R&D | $41.93M | $44.62M | $30.77M | $39.87M | $22.07M | $10.29M | $10.79M | $9.27M | $12.12M | $13.38M | $21.22M | $26.89M | $27.86M | $55.91M | $40.50M | $32.10M | $36.08M | $24.54M | $21.43M | $81.18M |
| SG&A | $248.28M | $30.41M | $23.79M | $30.45M | $29.72M | $14.98M | $16.11M | $17.98M | $22.57M | $24.38M | $26.62M | $28.65M | $37.73M | $41.88M | $60.01M | $46.79M | $70.06M | $52.79M | $78.65M | $92.45M |
| Operating income | $-168.77M | $-60.17M | $-97.28M | $-9.97M | $-29.30M | $-698000.00 | $574000.00 | $14.94M | $19.63M | $27.33M | $43.88M | $68.08M | $163.73M | $807.08M | $37.50M | $103.85M | $3.04M | $11.94M | $-22.61M | $47.20M |
| Operating margin | -119.7% | -466.7% | -356.1% | -25.6% | -124.5% | -2.3% | 1.8% | 30.5% | 30.4% | 38.0% | 40.3% | 48.2% | 65.1% | 671.0% | 22.9% | 43.0% | 1.5% | 9.1% | -13.5% | 17.6% |
| EBITDA | $-61.86M | $-50.11M | $-96.26M | $-6.47M | $-13.13M | $1.74M | $3.94M | $20.62M | $23.37M | $29.96M | $55.17M | $81.15M | $238.30M | $876.12M | $56.67M | $142.77M | $81.20M | $100.84M | $40.79M | $192.74M |
| EBITDA margin | -43.9% | -388.6% | -352.4% | -16.6% | -55.8% | 5.8% | 12.6% | 42.1% | 36.2% | 41.7% | 50.6% | 57.5% | 94.8% | 728.4% | 34.6% | 59.1% | 41.4% | 76.8% | 24.4% | 71.9% |
| EBIT | $-78.08M | $-52.72M | $-97.31M | $-9.60M | $-15.35M | $-1.05M | $1.22M | $17.96M | $20.71M | $27.33M | $43.88M | $68.63M | $221.61M | $832.38M | $28.71M | $91.82M | $37.81M | $64.32M | $5.55M | $158.96M |
| Interest expense | $10.61M | $735000.00 | $202000.00 | $270000.00 | $58000.00 | $2.51M | $3.31M | $2.08M | $4.86M | $11.80M | $12.18M | $11.40M | $48.28M | $35.74M | $27.41M | $19.62M | $1.80M | $656000.00 | $3.04M | $4.71M |
| Income tax | $-38.41M | $-18.70M | $-55000.00 | $-7.92M | $-2.62M | $-13.10M | $-1.19M | $374000.00 | $410000.00 | $-219.60M | $10.33M | $44.67M | $30.01M | $167.34M | $-5.31M | $-4.15M | $41.23M | $9.84M | $6.55M | — |
| Effective tax rate | 54.8% | -7.1% | 0.1% | 80.3% | 17.3% | 447.7% | 69.3% | 3.2% | 3.3% | -582.3% | 118.8% | 78.1% | 17.3% | 21.0% | 64.0% | -7.8% | 524.0% | 15.9% | 260.1% | 0.0% |
| Net income | $-31.74M | $281.69M | $-98.11M | $-1.95M | $-12.52M | $10.18M | $-527000.00 | $11.42M | $12.02M | $257.31M | $-1.64M | $12.56M | $143.32M | $629.30M | $-2.98M | $57.14M | $-33.36M | $52.15M | $-4.03M | $124.45M |
| Net income growth (YoY) | — | +987.4% | -134.8% | +98.0% | -542.5% | +181.3% | -105.2% | +2267.2% | +5.3% | +2039.9% | -100.6% | +867.5% | +1041.5% | +339.1% | -100.5% | +2014.2% | -158.4% | +256.3% | -107.7% | +3186.6% |
| Profit margin | -22.5% | 2184.6% | -359.2% | -5.0% | -53.2% | 33.9% | -1.7% | 23.3% | 18.6% | 357.8% | -1.5% | 8.9% | 57.0% | 523.2% | -1.8% | 23.7% | -17.0% | 39.7% | -2.4% | 46.4% |