Legend Biotech Corporation (LEGN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Legend Biotech Corporation (LEGN) stock price & volume — 10-year historical chart
Legend Biotech Corporation (LEGN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Legend Biotech Corporation (LEGN) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 10, 2026 | $0.08vs $0.17+52.9% | $306Mvs $308M-0.5% |
| Q4 2025 | Nov 12, 2025 | $0.11vs $0.13+15.4% | $272Mvs $310M-12.0% |
| Q3 2025 | Aug 11, 2025 | $0.34vs $0.22-54.5% | $256Mvs $278M-8.0% |
| Q2 2025 | May 13, 2025 | $0.07vs $0.40+82.5% | $195Mvs $218M-10.5% |
Legend Biotech Corporation (LEGN) competitors in Cell and Gene Therapy Developers — business model, growth, and fundamentals comparison
Legend Biotech Corporation (LEGN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Legend Biotech Corporation (LEGN) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 23.59M | 49.13M | 61.8M | 75M | 68.83M | 117M | 285.14M | 627.24M | 1.03B |
| Revenue Growth % | - | 108.24% | 25.78% | 21.36% | -8.23% | 70% | 143.7% | 119.97% | 64.47% |
| Cost of Goods Sold | -96K | 0 | 0 | 0 | 0 | 65.36M | 144.21M | 234.58M | 409.18M |
| COGS % of Revenue | -0.41% | - | - | - | - | 55.86% | 50.58% | 37.4% | 39.66% |
| Gross Profit | 23.69M▲ 0% | 49.13M▲ 107.4% | 61.8M▲ 25.8% | 75M▲ 21.4% | 68.83M▼ 8.2% | 51.64M▼ 25.0% | 140.93M▲ 172.9% | 392.66M▲ 178.6% | 622.44M▲ 58.5% |
| Gross Margin % | 100.41% | 100% | 100% | 100% | 100% | 44.14% | 49.42% | 62.6% | 60.34% |
| Gross Profit Growth % | - | 107.4% | 25.78% | 21.36% | -8.23% | -24.97% | 172.9% | 178.62% | 58.52% |
| Operating Expenses | 9.6M | 64.2M | 194.31M | 75M | 461.11M | 507.26M | 580.41M | 695.9M | 759.3M |
| OpEx % of Revenue | 40.67% | 130.68% | 314.42% | 100% | 669.97% | 433.54% | 203.55% | 110.95% | 73.6% |
| Selling, General & Admin | 1.4M | 3.93M | 32.37M | 72.7M | 149.5M | 174.05M | 200.93M | 284.26M | 342.5M |
| SG&A % of Revenue | 5.94% | 8% | 52.38% | 96.94% | 217.22% | 148.75% | 70.47% | 45.32% | 33.2% |
| Research & Development | 8.2M | 60.64M | 161.94M | 232.16M | 313.35M | 335.65M | 382.22M | 413.54M | 415.8M |
| R&D % of Revenue | 34.73% | 123.41% | 262.04% | 309.55% | 455.27% | 286.87% | 134.04% | 65.93% | 40.31% |
| Other Operating Expenses | 0 | -2K | 0 | -229.87M | -1.74M | -2.43M | -2.73M | -1.91M | 1M |
| Operating Income | 13.78M▲ 0% | -1.53M▼ 111.1% | -132.51M▼ 8538.5% | 0▲ 100.0% | -392.29M▲ 0% | -455.62M▼ 16.1% | -439.49M▲ 3.5% | -303.24M▲ 31.0% | -136.86M▲ 54.9% |
| Operating Margin % | 58.41% | -3.12% | -214.42% | - | -569.97% | -389.4% | -154.13% | -48.35% | -13.27% |
| Operating Income Growth % | - | -111.13% | -8538.46% | 100% | - | -16.14% | 3.54% | 31% | 54.87% |
| EBITDA | 14M | 149K | -129.35M | -298.16M | -378.37M | -437.23M | -419.03M | -279.88M | -107.78M |
| EBITDA Margin % | 59.33% | 0.3% | -209.31% | -397.54% | -549.75% | -373.68% | -146.96% | -44.62% | -10.45% |
| EBITDA Growth % | - | -98.94% | -86912.75% | -130.5% | -26.9% | -15.56% | 4.16% | 33.21% | 61.49% |
| D&A (Non-Cash Add-back) | 217K | 1.68M | 3.16M | 9.93M | 13.92M | 18.39M | 20.45M | 23.36M | 29.08M |
| EBIT | 13.84M | -1.53M | -132.51M | -308.09M | -406.3M | -434.93M | -498.32M | -136.52M | -136.86M |
| Net Interest Income | 0 | 6.13M | 4.36M | -1.28M | 71K | -2.61M | 32.69M | 39.59M | 18.75M |
| Interest Income | 1K | 6.21M | 4.58M | 2.93M | 971K | 8.18M | 54.49M | 61.2M | 40.21M |
| Interest Expense | 0 | 82K | 223K | 4.21M | 900K | 10.8M | 21.79M | 21.61M | 21.46M |
| Other Income/Expense | -40K | 13.46M | 5.2M | -308.29M | -14.91M | 9.9M | -80.63M | 145.11M | -146.49M |
| Pretax Income | 13.84M▲ 0% | -1.62M▼ 111.7% | -127.32M▼ 7778.7% | -308.29M▼ 142.1% | -407.2M▼ 32.1% | -445.72M▼ 9.5% | -520.12M▼ 16.7% | -158.13M▲ 69.6% | -283.35M▼ 79.2% |
| Pretax Margin % | 58.65% | -3.29% | -206.02% | -411.05% | -591.63% | -380.94% | -182.41% | -25.21% | -27.47% |
| Income Tax | 4.47M | 1.17M | -25.73M | -41.91M | -3.61M | 625K | -1.86M | 18.89M | 14.24M |
| Effective Tax Rate % | 32.32% | -72.28% | 20.21% | 13.6% | 0.89% | -0.14% | 0.36% | -11.95% | -5.02% |
| Net Income | 9.37M▲ 0% | -2.78M▼ 129.7% | -101.59M▼ 3549.1% | -266.37M▼ 162.2% | -403.58M▼ 51.5% | -446.35M▼ 10.6% | -518.25M▼ 16.1% | -177.03M▲ 65.8% | -297.58M▼ 68.1% |
| Net Margin % | 39.69% | -5.67% | -164.39% | -355.16% | -586.38% | -381.48% | -181.75% | -28.22% | -28.85% |
| Net Income Growth % | - | -129.73% | -3549.07% | -162.2% | -51.51% | -10.6% | -16.11% | 65.84% | -68.1% |
| Net Income (Continuing) | 9.37M | -2.78M | -101.59M | -266.37M | -403.58M | -446.35M | -518.25M | -177.03M | -297.58M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.14▲ 0% | -0.06▼ 139.7% | -2.02▼ 3533.1% | -5.14▼ 154.5% | -5.48▼ 6.6% | -5.62▼ 2.6% | -5.88▼ 4.6% | -1.94▲ 67.0% | -3.22▼ 66.0% |
| EPS Growth % | - | -139.71% | -3533.09% | -154.46% | -6.61% | -2.55% | -4.63% | 67.01% | -65.98% |
| EPS (Basic) | 0.14 | -0.06 | -2.02 | -5.14 | -5.48 | -5.62 | -5.88 | -1.94 | -3.22 |
| Diluted Shares Outstanding | 66M | 50.11M | 66M | 59.08M | 70.43M | 79.52M | 88.04M | 91.43M | 92.16M |
| Basic Shares Outstanding | 66M | 50M | 66M | 59.08M | 70.43M | 79.52M | 88.04M | 91.43M | 92.16M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Legend Biotech Corporation (LEGN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 230.9M | 326.96M | 207.1M | 593.94M | 949.85M | 1.1B | 1.5B | 1.28B | 1.25B |
| Cash & Short-Term Investments | 2.12M | 216.18M | 159.18M | 506.07M | 882.39M | 1.03B | 1.31B | 1.12B | 948.6M |
| Cash Only | 2.12M | 210.17M | 83.62M | 456.07M | 688.94M | 786.03M | 1.28B | 286.75M | 901.9M |
| Short-Term Investments | 0 | 6.01M | 75.56M | 50M | 193.46M | 239.62M | 31M | 835.93M | 46.7M |
| Accounts Receivable | 228.74M | 108.57M | 35.76M | 82.62M | 58.55M | 44.52M | 157.06M | 124.89M | 13.1M |
| Days Sales Outstanding | 3.54K | 806.53 | 211.19 | 402.06 | 310.49 | 138.87 | 201.05 | 72.67 | 4.63 |
| Inventory | 11K | 1.14M | 1.16M | 1.8M | 1.75M | 10.35M | 19.43M | 23.9M | 32M |
| Days Inventory Outstanding | -41.82 | - | - | - | - | 57.82 | 49.18 | 37.19 | 28.55 |
| Other Current Assets | 760K | 255K | 0 | 0 | 1.44M | 1.27M | 357K | 70K | 253.4M |
| Total Non-Current Assets | 7.79M | 102.09M | 80.61M | 128.15M | 169.62M | 231.84M | 350.81M | 386.24M | 486.6M |
| Property, Plant & Equipment | 2.93M | 33.13M | 80.09M | 112.11M | 142.96M | 161.67M | 189.68M | 201.59M | 401.5M |
| Fixed Asset Turnover | 8.06x | 1.48x | 0.77x | 0.67x | 0.48x | 0.72x | 1.50x | 3.11x | 2.57x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2K | 49K | 519K | 2.85M | 16.8M | 68.69M | 4.06M | 174.22M | 1.9M |
| Long-Term Investments | -4.86M | -1.24M | 0 | 0 | 4.71M | 0 | 4.36M | 4.36M | 0 |
| Other Non-Current Assets | 4.86M | 1.24M | 0 | 13.19M | 5.15M | 1.49M | 152.42M | 6.06M | 83.2M |
| Total Assets | 238.69M▲ 0% | 429.05M▲ 79.7% | 287.71M▼ 32.9% | 722.09M▲ 151.0% | 1.12B▲ 55.0% | 1.33B▲ 18.9% | 1.85B▲ 38.9% | 1.67B▼ 9.7% | 1.73B▲ 3.8% |
| Asset Turnover | 0.10x | 0.11x | 0.21x | 0.10x | 0.06x | 0.09x | 0.15x | 0.38x | 0.60x |
| Asset Growth % | - | 79.75% | -32.94% | 150.98% | 55.03% | 18.89% | 38.89% | -9.65% | 3.81% |
| Total Current Liabilities | 52.12M | 159.19M | 127.76M | 115.57M | 229.2M | 297.79M | 216.42M | 277.64M | 636.4M |
| Accounts Payable | 4.33M | 7.32M | 9.59M | 4.91M | 7.04M | 31.69M | 20.16M | 37.19M | 83M |
| Days Payables Outstanding | -16.48K | - | - | - | - | 176.98 | 51.02 | 57.87 | 74.04 |
| Short-Term Debt | 0 | 0 | 1.03M | 1.79M | 0 | 0 | 0 | 0 | 326.5M |
| Deferred Revenue (Current) | 30.21M | 40.32M | 46.29M | 55.01M | 304K | 451K | 53.01M | 47.41M | 11.3M |
| Other Current Liabilities | 38.08M | 34.16M | 64.22M | 31.45M | 87.9M | 67M | 68K | 0 | 196.4M |
| Current Ratio | 4.43x | 2.05x | 1.62x | 5.14x | 4.14x | 3.69x | 6.92x | 4.62x | 1.96x |
| Quick Ratio | 4.43x | 2.05x | 1.61x | 5.12x | 4.14x | 3.66x | 6.83x | 4.54x | 1.91x |
| Cash Conversion Cycle | 19.98K | - | - | - | - | 19.7 | 199.21 | 51.99 | -40.86 |
| Total Non-Current Liabilities | 174.4M | 261.21M | 282.82M | 6.7M | 124.32M | 288.86M | 380.82M | 351.96M | 87.2M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 120.46M | 260.93M | 281.33M | 301.2M | 0 |
| Capital Lease Obligations | 205K | 3.94M | 5.08M | 1.91M | 1.59M | 20.04M | 44.17M | 44.61M | 87.2M |
| Deferred Tax Liabilities | -174.2M | -213.2M | 0 | 4.24M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | -274.52M | 396K | 233K | 56K | 0 | 0 |
| Total Liabilities | 226.53M | 420.4M | 410.58M | 122.27M | 353.52M | 586.65M | 597.24M | 629.61M | 723.6M |
| Total Debt | 269K | 4.32M | 6.11M | 3.7M | 122.97M | 284.53M | 328.67M | 350.6M | 413.7M |
| Net Debt | -1.85M | -205.85M | -77.51M | -452.37M | -565.97M | -501.5M | -949.04M | 63.85M | -488.2M |
| Debt / Equity | 0.02x | 0.50x | - | 0.01x | 0.16x | 0.38x | 0.26x | 0.34x | 0.41x |
| Debt / EBITDA | 0.02x | 28.97x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.13x | -1381.54x | - | - | - | - | - | - | - |
| Interest Coverage | - | -18.71x | -594.23x | - | -435.87x | -42.20x | -20.17x | -14.03x | -6.38x |
| Total Equity | 12.17M▲ 0% | 8.65M▼ 28.9% | -122.87M▼ 1520.6% | 597.77M▲ 586.5% | 765.94M▲ 28.1% | 744.31M▼ 2.8% | 1.25B▲ 68.1% | 1.04B▼ 16.8% | 1B▼ 3.7% |
| Equity Growth % | - | -28.91% | -1520.61% | 586.51% | 28.13% | -2.82% | 68.12% | -16.85% | -3.69% |
| Book Value per Share | 0.18 | 0.17 | -1.86 | 10.12 | 10.88 | 9.36 | 14.21 | 11.38 | 10.87 |
| Total Shareholders' Equity | 12.17M | 8.65M | -122.87M | 597.77M | 765.94M | 744.31M | 1.25B | 1.04B | 1B |
| Common Stock | 20K | 20K | 20K | 27K | 31K | 33K | 36K | 37K | 100K |
| Retained Earnings | 8.47M | 5.69M | -127.28M | -116.53M | -520.11M | -966.46M | -1.48B | -1.66B | -1.96B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -236K | 8.63M | 485K | 5.96M | 4.86M | 14.67M | 98.92M | -68.16M | 210.2M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Legend Biotech Corporation (LEGN) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -2.38M | 307.68M | -83.06M | -223M | -198.47M | -201.28M | -393.28M | -144.03M | -100.47M |
| Operating CF Margin % | -10.07% | 626.22% | -134.41% | -297.34% | -288.36% | -172.03% | -137.92% | -22.96% | -9.74% |
| Operating CF Growth % | - | 13049.58% | -127% | -168.47% | 11% | -1.42% | -95.39% | 63.38% | 30.25% |
| Net Income | 9.37M | -1.62M | -130.37M | -308.29M | -407.2M | -445.72M | -520.12M | -158.13M | -297.58M |
| Depreciation & Amortization | 217K | 1.68M | 5.26M | 9.93M | 13.92M | 18.39M | 20.45M | 23.36M | 28.98M |
| Stock-Based Compensation | 0 | 704K | 1.27M | 4.76M | 20.16M | 34.34M | 47.68M | 68.94M | 0 |
| Deferred Taxes | 0 | -5.66M | -7.35M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 228.87M | -6.13M | -4.36M | 93.83M | 12.82M | 10.68M | 130.06M | -98.24M | 261.49M |
| Working Capital Changes | -16.5M | 318.71M | 52.48M | -23.24M | 161.83M | 181.03M | -71.34M | 20.04M | -93.35M |
| Change in Receivables | -228.06M | 207.61M | -3.77M | -45M | 24.59M | 50.32M | -98.98M | 93.75M | -132.85M |
| Change in Inventory | -6K | -1.12M | -22K | -643K | 51K | -13.89M | -12.71M | -17.21M | -4.51M |
| Change in Payables | 4.17M | 3.24M | 2.01M | -4.35M | 1.8M | 72.45M | -50.2M | 14.06M | 44.52M |
| Cash from Investing | -827K | -102.26M | -58.65M | -24.17M | -194.98M | -77.09M | 92.79M | -850.54M | 711.48M |
| Capital Expenditures | -887K | -21.02M | -39.17M | -26.25M | -42.2M | -20.93M | -20.08M | -14.11M | -67.58M |
| CapEx % of Revenue | 3.76% | 42.78% | 63.38% | 35.01% | 61.31% | 17.89% | 7.04% | 2.25% | 6.55% |
| Acquisitions | 60K | 20K | -460K | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 55K | -75.23M | 50.52M | -23.52M | -4.91M | -16.05M | -100.52M | -54.34M | 0 |
| Cash from Financing | 3.32M | 2.5M | 14.67M | 618.88M | 626.66M | 377.98M | 791.49M | 5.7M | -300.79K |
| Debt Issued (Net) | -32K | -219K | -5.06M | -2.6M | -1.42M | -2.6M | -3.75M | -4.02M | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 1000K | 1000K | 1000K | 0 | 0 | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 3.35M | 2.72M | 19.72M | -1.05M | 4.64M | 2.93M | 795.25M | 9.72M | -3.61M |
| Net Change in Cash | 128K▲ 0% | 208.05M▲ 162439.8% | -126.8M▼ 160.9% | 372.32M▲ 393.6% | 233.25M▼ 37.4% | 97.09M▼ 58.4% | 491.68M▲ 406.4% | -990.96M▼ 301.5% | 615.09M▲ 162.1% |
| Free Cash Flow | -3.26M▲ 0% | 286.66M▲ 8885.2% | -122.23M▼ 142.6% | -253.29M▼ 107.2% | -243.87M▲ 3.7% | -223.56M▲ 8.3% | -416M▼ 86.1% | -158.14M▲ 62.0% | -168.04M▼ 6.3% |
| FCF Margin % | -13.83% | 583.44% | -197.79% | -337.72% | -354.33% | -191.07% | -145.89% | -25.21% | -16.29% |
| FCF Growth % | - | 8885.2% | -142.64% | -107.21% | 3.72% | 8.33% | -86.08% | 61.99% | -6.26% |
| FCF per Share | -0.05 | 5.72 | -1.85 | -4.29 | -3.46 | -2.81 | -4.73 | -1.73 | -1.82 |
| FCF Conversion (FCF/Net Income) | -0.25x | -110.52x | 0.82x | 0.84x | 0.49x | 0.45x | 0.76x | 0.81x | 0.34x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Legend Biotech Corporation (LEGN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 76.98% | -26.75% | - | -112.18% | -59.19% | -59.11% | -51.94% | -15.45% | -29.14% |
| Return on Invested Capital (ROIC) | 100.15% | - | - | - | -170.38% | -154.35% | -120.93% | -32.33% | -12.69% |
| Gross Margin | 100.41% | 100% | 100% | 100% | 100% | 44.14% | 49.42% | 62.6% | 60.34% |
| Net Margin | 39.69% | -5.67% | -164.39% | -355.16% | -586.38% | -381.48% | -181.75% | -28.22% | -28.85% |
| Debt / Equity | 0.02x | 0.50x | - | 0.01x | 0.16x | 0.38x | 0.26x | 0.34x | 0.41x |
| Interest Coverage | - | -18.71x | -594.23x | - | -435.87x | -42.20x | -20.17x | -14.03x | -6.38x |
| FCF Conversion | -0.25x | -110.52x | 0.82x | 0.84x | 0.49x | 0.45x | 0.76x | 0.81x | 0.34x |
| Revenue Growth | - | 108.24% | 25.78% | 21.36% | -8.23% | 70% | 143.7% | 119.97% | 64.47% |
Legend Biotech Corporation (LEGN) stock FAQ — growth, dividends, profitability & financials explained
Legend Biotech Corporation (LEGN) reported $1.03B in revenue for fiscal year 2025. This represents a 4266% increase from $23.6M in 2017.
Legend Biotech Corporation (LEGN) grew revenue by 64.5% over the past year. This is strong growth.
Legend Biotech Corporation (LEGN) reported a net loss of $297.0M for fiscal year 2025.
Legend Biotech Corporation (LEGN) has a return on equity (ROE) of -29.1%. Negative ROE indicates the company is unprofitable.
Legend Biotech Corporation (LEGN) had negative free cash flow of $230.8M in fiscal year 2025, likely due to heavy capital investments.
Legend Biotech Corporation (LEGN) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates