NASDAQ:LGND
Ligand Pharmaceuticals Inc.
Ligand Pharmaceuticals Inc.'s revenue grew 60.4% in fiscal 2025 to $268.1M while operating margin rose to 15.3%. Free cash flow was $48.9M, 18.2% of revenue, and the diluted share count rose 11.0%.Summary generated from Ligand Pharmaceuticals Inc.'s SEC filings. Latest annual report filed Feb 27, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$268.1M
Revenue growth+60.4%
Revenue, 5-yr CAGR+10.4%
Gross marginn/a
Operating margin15.3%
Net margin46.4%
ROICn/a
Return on equity13.5%
Debt / equityn/a
Free cash flow$48.9M
FCF margin18.2%
Share count change+11.0%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 242 | 196 | 131 | 167 | 268 |
| Operating income | 104 | 3 | 12 | −23 | 41 |
| Net income | 57 | −33 | 52 | −4 | 124 |
| Free cash flow | 70 | 120 | 46 | 95 | 49 |
Recent filings
- 4Insider transaction report
Oct 6, 2026 - 4Insider transaction report
Sep 24, 2026 - 8-KRegulation FD disclosure
Sep 24, 2026 - 8-KRegulation FD disclosure
Sep 22, 2026 - 8-K/AAmended current report
Sep 2, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 7, 2026 - 8-KResults of operations and financial condition
Aug 6, 2026 - 8-KEntry into a material agreement
Jul 14, 2026