Stocks Health care LGND
NASDAQ · Health careLigand Pharmaceuticals Inc (LGND)
Ligand Pharmaceuticals Inc brought in $290.5M of revenue over the twelve months to June 30, 2026, up 54.9% from a year earlier. Net income was $197.2M, a net margin of 67.9%. Operating cash flow minus capital spending left $48.9M of free cash flow in fiscal 2025. At June 30, 2026 it held $1B in cash against $1.1B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 7, 2026.
Watch LGND in 60 secondsWhat Ligand Pharmaceuticals Inc does
Ligand Pharmaceuticals Inc is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NASDAQ under the ticker LGND.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $268.1M | $124.5M | $6.13 | $48.9M |
| 2024 | $167.1M | -$4M | -$0.22 | $95.2M |
| 2023 | $131.3M | $52.2M | $2.94 | $46.1M |
| 2022 | $196.2M | -$33.4M | -$1.98 | $119.9M |
| 2021 | $241.5M | $57.1M | $3.31 | $70M |
| 2020 | $163.6M | -$3M | -$0.18 | $50.1M |
Full financial statements: income, balance sheet and cash flow
Where LGND ranks in Health care
Dividends
Ligand Pharmaceuticals Inc declared $2.50 per share in fiscal 2007.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2007 | $2.50 | n/a | n/a |
Latest SEC filings
What Ligand Pharmaceuticals Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 24, 2026
- September 22, 2026
- September 2, 2026Exhibits 8-K/A
- August 7, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 34% to $63.7M versus the same quarter last year; diluted EPS $2.22 versus $0.24.
- August 6, 2026
- July 22, 2026
- July 14, 2026
- June 25, 2026
- June 22, 2026
- June 9, 2026
What is LGND worth? A DCF from its reported cash flow
Insider trades
What the people running Ligand Pharmaceuticals Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $16.1M worth of shares in the last 90 days and bought none on the open market. Most of the selling (85%) was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 22, 2026 | Zimmermann MartineDirector | Shares withheld for tax | 115 | $34.3K |
| September 10, 2026 | Zimmermann MartineDirector | Sold | 1,200 | $342K |
| September 3, 2026 | Reardon AndrewCLO & Secretary | Soldpre-planned (10b5-1) | 300 | $85.2K |
| September 3, 2026 | Reardon AndrewCLO & Secretary | Soldpre-planned (10b5-1) | 1,800 | $513.3K |
| September 3, 2026 | Reardon AndrewCLO & Secretary | Soldpre-planned (10b5-1) | 2,115 | $605.6K |
| September 3, 2026 | Reardon AndrewCLO & Secretary | Soldpre-planned (10b5-1) | 385 | $110.7K |
| September 3, 2026 | Reardon AndrewCLO & Secretary | Soldpre-planned (10b5-1) | 400 | $115.6K |
| August 12, 2026 | Haas JasonDirector | Exercised options | 6,138 | $316.5K |
| August 12, 2026 | Haas JasonDirector | Sold | 7,138 | $2.1M |
| August 12, 2026 | Espinoza OctavioChief Financial Officer | Exercised options | 16,179 | $854.9K |
| August 12, 2026 | Espinoza OctavioChief Financial Officer | Exercised options | 2,074 | $145.3K |
| August 12, 2026 | Espinoza OctavioChief Financial Officer | Exercised options | 2,869 | $159.9K |
| August 12, 2026 | Espinoza OctavioChief Financial Officer | Exercised options | 7,171 | $410.3K |
| August 12, 2026 | Espinoza OctavioChief Financial Officer | Exercised options | 3,348 | $230.1K |
| August 12, 2026 | Espinoza OctavioChief Financial Officer | Soldpre-planned (10b5-1) | 31,641 | $9.2M |
Who owns LGND
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 5.56% | May 1, 2026 |
| Janus Henderson Group PLC13G, passive | 5.3% | November 14, 2025 |
| Vanguard Capital Management13G, passive | 5% | May 1, 2026 |
Largest institutional holders
Insiders
10 insiders reported holding 486,216 shares in total, about $152.7M at the last price.
| Holder | Shares |
|---|---|
| Davis Todd CChief Executive Officer, Director | 199,513 |
| Aryeh JasonDirector | 102,580 |
| Kozarich John WDirector | 42,622 |
| Reardon AndrewCLO & Secretary | 36,514 |
| Sabba Stephen LDirector | 33,629 |
| Espinoza OctavioChief Financial Officer | 27,696 |
| Lamattina John LDirector | 26,969 |
| Gray Nancy RyanDirector | 8,930 |
| Haas JasonDirector | 3,981 |
| Zimmermann MartineDirector | 3,782 |
Questions about LGND
What does Ligand Pharmaceuticals Inc do?
Ligand Pharmaceuticals Inc is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NASDAQ under the ticker LGND.
Is Ligand Pharmaceuticals Inc profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $197.2M on revenue of $290.5M, a net margin of 67.9%.
How much revenue does Ligand Pharmaceuticals Inc make?
Over the twelve months to June 30, 2026 Ligand Pharmaceuticals Inc reported revenue of $290.5M. That is 54.9% more than a year earlier.
When did Ligand Pharmaceuticals Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 7, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the investor disclosure from September 24, 2026.
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Follow LGND: get an email when it filesWhere the numbers come from
Financial figures are the values Ligand Pharmaceuticals Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.