Ligand Pharmaceuticals Incorporated

LGND Healthcare Biotechnology

Ligand Pharmaceuticals Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $268.1 million, up 60.4% from fiscal 2024.

Revenue
−31.8%
EPS
−123.9%
Free cash flow
−268.5%
Total debt
+52.6%

Quarter to September 2026, against a year earlier

306.43 7.43 +2.48%
Market cap
$6.0B
P/E
116×
Fwd P/E
88.3×
Dividend yield
—
F-score
6/9
Altman Z
5.45
Beneish M
−4.02
Dividend safety
n/a

Ligand Pharmaceuticals Incorporated (LGND) Revenue growth

Alert me on Revenue growth

Ligand Pharmaceuticals Incorporated's revenue growth over the twelve months to 30 September 2026 was 1.03%, down 59.4 percentage points from fiscal 2025 (60.4%). Over the past ten years it has ranged from −52.2% (fiscal 2019) to 78.2% (fiscal 2018); the current reading is higher than 91% of that period. That is below the Biotechnology industry median of 6.26% and below the Healthcare sector median of 7.80%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 60.4% 33.12
FY2024 27.3% 60.37
FY2023 −33.1% (14.34)
FY2022 −18.8% (66.43)
FY2021 47.7% 11.70
FY2020 36.0% 88.15
FY2019 −52.2% (130.38)
FY2018 78.2% 48.73
FY2017 29.5% (22.05)
FY2016 51.5% 40.10

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 −31.8% (65.53)
Jun 2026 33.7% 19.64
Mar 2026 14.1% (25.28)
Dec 2025 39.4% (83.48)
43 more quarters

Against its own ten years

Low −52.2% High 78.2%
Ten-year median 29.5%
Current reading's percentile 91

Revenue growth against peers

Company Revenue growth
CGON CG Oncology, Inc. compare 840.8%
MIRM Mirum Pharmaceuticals, Inc. compare 42.2%
LGND Ligand Pharmaceuticals Incorporated 1.03%
IONS Ionis Pharmaceuticals, Inc. compare −7.41%
PTCT PTC Therapeutics, Inc. compare −35.1%
BLTE Belite Bio, Inc. Sponsored ADR compare —
IMVT Immunovant, Inc. compare —
ORKA Oruka Therapeutics, Inc. compare —
KOD Kodiak Sciences Inc. compare —
Biotechnology industry median 6.26%
Healthcare sector median 7.80%
Market median 7.58%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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