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) Total debt

Alert me on Total debt

Ligand Pharmaceuticals Incorporated's total debt at the end of fiscal 2025 was $446.2M, up 414.7% from $86.7M in fiscal 2022. At the end of the quarter to 30 September 2026 it was $679.9M. Over the past ten years it has ranged from $86.7M (fiscal 2022) to $640.0M (fiscal 2019); the current reading is higher than 67% of that period. Ligand Pharmaceuticals Incorporated ranks 22nd of 569 Biotechnology companies by total debt.

Total debt, annual

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Annual newest first

Period Total debt Change
FY2025 $446.2M 414.67%
FY2022 $86.7M (73.05%)
FY2021 $321.7M (28.55%)
FY2020 $450.3M (29.64%)
FY2019 $640.0M 0.58%
FY2018 $636.3M 161.43%
FY2017 $243.4M 0.38%
FY2016 $242.5M 0.36%
FY2015 $241.6M —

Quarterly newest first

Period Total debt Change
Sep 2026 $679.9M (39.65%)
Jun 2026 $1.1B 152.09%
Mar 2026 $446.9M 0.16%
Dec 2025 $446.2M 0.16%
36 more quarters

Against its own ten years

Low $86.7M High $640.0M
Ten-year median $321.7M
Current reading's percentile 67

Total debt against peers

What Total debt is

Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.

Long Term Debt (Total) + Current Part of Debt

The full definition of Total debt →

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