Ligand Pharmaceuticals Incorporated (LGND) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 51.72M | 59.67M | 115.46M | 47.63M | 45.33M | 42.81M | 51.81M | 41.53M | 30.98M | 28.1M | 32.87M | 26.37M | 43.98M | 27.05M | 59.22M | 50.13M | 36.52M | 72.47M | 64.83M | 84.67M |
| Revenue Growth % | 14.09% | 39.37% | 122.85% | 14.68% | 46.34% | 52.35% | 57.64% | 57.52% | -29.56% | 3.9% | -44.5% | -47.4% | 20.44% | -62.68% | -8.66% | -40.8% | -33.79% | 3.55% | 54.93% | 104.43% |
| Cost of Goods Sold | 2.08M | -25.99M | 24.82M | 2.91M | 4.85M | 2.84M | 12.49M | -15.33M | 11.07M | 1.66M | 3.48M | 1.67M | 3.72M | 21.61M | 14.15M | 12.36M | 4.7M | 11.98M | 11.45M | 30.59M |
| COGS % of Revenue | 4.01% | -43.56% | 21.5% | 6.1% | 10.7% | 6.63% | 24.12% | -36.9% | 35.73% | 5.92% | 10.6% | 6.33% | 8.45% | 79.92% | 23.9% | 24.66% | 12.87% | 16.54% | 17.65% | 36.13% |
| Gross Profit | 49.65M | 85.65M | 90.64M | 44.72M | 40.48M | 39.98M | 39.32M | 56.86M | 19.91M | 26.44M | 29.38M | 24.7M | 40.26M | 5.43M | 45.07M | 37.77M | 31.82M | 60.49M | 53.39M | 54.08M |
| Gross Margin % | 95.99% | 143.56% | 78.5% | 93.9% | 89.3% | 93.37% | 75.88% | 136.9% | 64.27% | 94.08% | 89.4% | 93.67% | 91.55% | 20.08% | 76.1% | 75.34% | 87.13% | 83.46% | 82.35% | 63.87% |
| Gross Profit Growth % | 22.63% | 114.27% | 130.54% | -21.35% | 103.33% | 51.21% | 33.81% | 130.22% | -50.55% | 386.78% | -34.8% | -34.6% | 26.54% | -91.02% | -15.59% | -30.17% | -32.3% | 3.84% | 50.41% | 60.12% |
| Operating Expenses | 32.28M | 65.61M | 35.71M | 36.28M | 76.7M | 49.61M | 36.17M | 75.96M | 16.92M | 29.8M | 26.3M | 26.68M | 26.06M | -6.75M | 32.73M | 29.1M | 29.68M | 47.76M | 37.68M | 8.34M |
| OpEx % of Revenue | 62.41% | 109.97% | 30.93% | 76.17% | 169.19% | 115.88% | 69.82% | 182.89% | 54.63% | 106.03% | 80.03% | 101.19% | 59.25% | -24.94% | 55.26% | 58.06% | 81.29% | 65.89% | 58.12% | 9.85% |
| Selling, General & Admin | 20.84M | 25.03M | 28.45M | 20.18M | 18.8M | 25.61M | 24.48M | 17.62M | 10.95M | 15.99M | 14.66M | 11.29M | 10.86M | 19.85M | 14.92M | 12.09M | 11.93M | 17.74M | 12.72M | 14.71M |
| SG&A % of Revenue | 40.28% | 41.95% | 24.64% | 42.36% | 41.47% | 59.81% | 47.24% | 42.43% | 35.35% | 56.91% | 44.59% | 42.81% | 24.68% | 73.4% | 25.19% | 24.11% | 32.66% | 24.47% | 19.62% | 17.37% |
| Research & Development | 2.15M | 3.51M | 21.02M | 6.57M | 50.09M | 4.42M | 5.67M | 5.35M | 5.97M | 5.49M | 5.53M | 6.85M | 6.66M | -25.38M | 9.24M | 8.47M | 9.18M | 18.24M | 16.94M | 15.95M |
| R&D % of Revenue | 4.15% | 5.88% | 18.2% | 13.79% | 110.48% | 10.34% | 10.95% | 12.89% | 19.28% | 19.53% | 16.83% | 26% | 15.15% | -93.84% | 15.6% | 16.89% | 25.14% | 25.17% | 26.12% | 18.84% |
| Other Operating Expenses | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K |
| Operating Income | 17.37M | 20.04M | 54.93M | 8.44M | -36.22M | -9.64M | 3.14M | -19.1M | 2.99M | -3.36M | 3.08M | -1.98M | 14.21M | 12.18M | 12.34M | 8.66M | 2.13M | 12.73M | 15.71M | 45.74M |
| Operating Margin % | 33.58% | 33.59% | 47.58% | 17.73% | -79.89% | -22.51% | 6.07% | -45.99% | 9.65% | -11.95% | 9.36% | -7.52% | 32.3% | 45.02% | 20.84% | 17.28% | 5.84% | 17.57% | 24.22% | 54.02% |
| Operating Income Growth % | 147.96% | 307.95% | 1647.73% | 144.21% | -1312.05% | -186.99% | 2.11% | -863.19% | -78.97% | -127.58% | -75.06% | -122.89% | 565.96% | -4.38% | -21.42% | -81.06% | -54.76% | 13.59% | 319.16% | 544.21% |
| EBITDA | 17.37M | 29.66M | 63.03M | 16.97M | -27.45M | -1.01M | 12.14M | -10.25M | 11.75M | 5.56M | 11.69M | 7.51M | 23.77M | 23.31M | 25.85M | 21.75M | 15.78M | 25.68M | 28.32M | 58.03M |
| EBITDA Margin % | 33.58% | 49.72% | 54.59% | 35.62% | -60.54% | -2.36% | 23.43% | -24.67% | 37.94% | 19.8% | 35.56% | 28.49% | 54.05% | 86.19% | 43.64% | 43.39% | 43.21% | 35.44% | 43.68% | 68.53% |
| EBITDA Growth % | 163.28% | 3037.03% | 419.29% | 265.57% | -333.52% | -118.16% | 3.83% | -236.41% | -50.56% | -76.13% | -54.77% | -65.46% | 50.68% | -9.24% | -8.73% | -62.52% | -11.4% | 6.89% | 241.4% | 412.55% |
| D&A (Non-Cash Add-back) | 0 | 9.62M | 8.1M | 8.52M | 8.77M | 8.63M | 8.99M | 8.85M | 8.77M | 8.92M | 8.61M | 9.49M | 9.57M | 11.13M | 13.51M | 13.09M | 13.64M | 12.95M | 12.61M | 12.29M |
| EBIT | 17.37M | 56.78M | 141.14M | 12.38M | -49.31M | -38.32M | -5.6M | -64.12M | 113.59M | 17.23M | -12.14M | 3.46M | 14.21M | 56.17M | 12.69M | 9.1M | -8.36M | -2.55M | 11.91M | 11.64M |
| Net Interest Income | 4.91M | 4.61M | 2.96M | 468K | 904K | 1.05M | 606K | 1.49M | 1.88M | 1.56M | 2.26M | 2.04M | 1.2M | 783K | 259K | -140K | -655K | -4.28M | -4.27M | -4.65M |
| Interest Income | 4.91M | 4.61M | 2.96M | 1.62M | 1.77M | 1.93M | 1.35M | 2.76M | 2.02M | 1.69M | 2.26M | 2.32M | 1.44M | 1.02M | 591K | 298K | 134K | 188K | 169K | 233K |
| Interest Expense | 0 | 0 | 0 | 1.15M | 867K | 883K | 741K | 1.27M | 141K | 131K | 1K | 284K | 240K | 240K | 332K | 438K | 789K | 4.47M | 4.44M | 4.88M |
| Other Income/Expense | -41.63M | 36.74M | 86.21M | 2.78M | -13.96M | -29.56M | -9.48M | -46.29M | 110.46M | 20.45M | -15.22M | 5.15M | 41.33M | 43.75M | 13K | -1K | -11.28M | -19.76M | -447K | -12.44M |
| Pretax Income | -24.26M | 56.78M | 141.14M | 11.22M | -50.18M | -39.2M | -6.34M | -65.39M | 113.45M | 17.1M | -12.14M | 3.17M | 55.54M | 55.93M | 12.35M | 8.66M | -9.14M | -7.03M | 15.26M | 33.3M |
| Pretax Margin % | -46.9% | 95.16% | 122.24% | 23.56% | -110.69% | -91.56% | -12.23% | -157.45% | 366.22% | 60.84% | -36.95% | 12.03% | 126.28% | 206.8% | 20.86% | 17.28% | -25.04% | -9.69% | 23.54% | 39.33% |
| Income Tax | -10.91M | 12M | 23.86M | 6.38M | -7.73M | -8.11M | 833K | -13.48M | 27.31M | -1.09M | -1.87M | 881K | 11.92M | 45.27M | 2.71M | -3.94M | 3.79M | -1.61M | 1.54M | 2.58M |
| Effective Tax Rate % | 44.99% | 21.13% | 16.91% | 56.81% | 15.4% | 20.69% | -13.14% | 20.61% | 24.07% | -6.38% | 15.41% | 27.78% | 21.47% | 80.95% | 21.93% | -45.47% | -41.39% | 22.91% | 10.07% | 7.74% |
| Net Income | -13.35M | 44.78M | 117.27M | 4.85M | -42.45M | -31.09M | -7.17M | -51.91M | 86.14M | 18.19M | -10.27M | 2.29M | 41.95M | -17.48M | 404K | -895K | -15.38M | -5.42M | 13.72M | 30.73M |
| Net Margin % | -25.8% | 75.06% | 101.57% | 10.18% | -93.64% | -72.62% | -13.84% | -124.99% | 278.07% | 64.72% | -31.26% | 8.69% | 95.38% | -64.65% | 0.68% | -1.79% | -42.13% | -7.47% | 21.17% | 36.29% |
| Net Income Growth % | 68.56% | 244.06% | 1735.15% | 109.34% | -149.28% | -270.93% | 30.19% | -2366.86% | 105.34% | 204.02% | -2642.82% | 355.87% | 372.66% | -222.84% | -97.06% | -102.91% | -184.97% | -194.01% | 304.79% | 39.12% |
| Net Income (Continuing) | -13.35M | 44.78M | 117.27M | 4.85M | -42.45M | -31.09M | -7.17M | -51.91M | 86.14M | 18.19M | -10.27M | 2.29M | 43.61M | 10.66M | 9.64M | 12.6M | -12.93M | -5.42M | 13.72M | 30.73M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | -1000K | -1000K | -1000K | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.67 | 2.12 | 5.68 | 0.24 | -2.21 | -1.64 | -0.39 | -2.88 | 4.75 | 1.03 | -0.74 | 0.13 | 2.33 | -1.04 | 0.02 | -0.05 | -0.91 | -0.30 | 0.80 | 1.79 |
| EPS Growth % | 69.68% | 229.27% | 1556.41% | 108.33% | -146.53% | -259.22% | 47.3% | -2315.38% | 103.86% | 199.04% | -3800% | 360% | 356.04% | -246.67% | -97.5% | -102.79% | -186.67% | -185.71% | 290.48% | 35.61% |
| EPS (Basic) | -0.67 | 2.27 | 5.99 | 0.25 | -2.21 | -1.64 | -0.39 | -2.88 | 4.86 | 1.04 | -0.74 | 0.13 | 2.46 | -1.04 | 0.02 | -0.05 | -0.91 | -0.30 | 0.82 | 1.84 |
| Diluted Shares Outstanding | 19.88M | 21.14M | 20.17M | 19.93M | 19.19M | 18.97M | 18.42M | 18.03M | 18.12M | 17.68M | 17.38M | 17.73M | 17.97M | 16.89M | 17.13M | 16.87M | 16.82M | 16.73M | 17.14M | 17.17M |
| Basic Shares Outstanding | 19.88M | 19.73M | 19.37M | 19.33M | 19.19M | 18.97M | 18.42M | 18.03M | 17.73M | 17.47M | 17.38M | 17.28M | 17.06M | 16.89M | 16.89M | 16.87M | 16.82M | 16.73M | 16.69M | 16.66M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |