Saturday 7 November 2026
Export RIGL’s income statement to Excel — free account
Rigel Pharmaceuticals, Inc.
RIGL Healthcare Biotechnology
Rigel Pharmaceuticals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $294.3 million, up 64.1% from fiscal 2024.
- Revenue
- +16.5%
- EPS
- −54.8%
- Free cash flow
- +43.9%
- Total debt
- −66.6%
Quarter to September 2026, against a year earlier
39.59
6.12
−13.39%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 20 | 4 | 45 | 59 | 109 | 149 | 120 | 117 | 179 | 294 | 288 | +34.5% | 306 | 373 | 445 | +14.8% | |
| Gross margin, % | 100.00 | 100.00 | 99.36 | 98.47 | 99.18 | 99.27 | 98.55 | 93.92 | 89.60 | 93.33 | 89.64 | (6.7) pt | ||||||
| EBT | (69) | (78) | (70) | (67) | (30) | (17) | (59) | (25) | 18 | 122 | 75 | n/m | ||||||
| EBT margin, % | (339.58) | (1,739.34) | (158.35) | (112.83) | (27.38) | (11.60) | (48.71) | (21.47) | 10.24 | 41.40 | 26.15 | +381.0 pt | ||||||
| Net income | (69) | (78) | (70) | (67) | (30) | (18) | (59) | (25) | 17 | 367 | 307 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 2.16 | 0.36 | 2.77 | 3.54 | 6.44 | 8.75 | 7.05 | 6.72 | 10.20 | 16.36 | 15.40 | +25.2% | |||||
| Earnings | (7.30) | (6.20) | (4.40) | (4.00) | (1.80) | (1.10) | (3.40) | (1.40) | 0.99 | 20.40 | 16.82 | n/m | ||||||
| Cash flow | (8.04) | (6.14) | (3.66) | (2.48) | (3.09) | 0.34 | (4.33) | (0.33) | 1.79 | 4.21 | 4.81 | n/m | ||||||
| Capex | (0.08) | 0.05 | (0.07) | (0.09) | (0.07) | (0.04) | 0.03 | (0.85) | (0.02) | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | (8.12) | (6.09) | (3.73) | (2.57) | (3.17) | 0.31 | (4.30) | (1.18) | 1.77 | 4.21 | 4.81 | n/m | ||||||
| Book value | 5.83 | 7.97 | 6.84 | 3.21 | 2.02 | 1.78 | (0.80) | (1.65) | 0.19 | 21.76 | 23.79 | +15.8% | ||||||
| Shares, m | 9 | 13 | 16 | 17 | 17 | 17 | 17 | 17 | 18 | 18 | 18 | +7.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 17.52 | 2.12 | 2.35 | 2.0 | |||||
| P/S | 11.53 | 44.49 | 8.13 | 6.04 | 5.44 | 3.03 | 1.90 | 2.17 | 1.65 | 2.62 | 2.57 | 8.7 | ||||||
| P/B | 4.27 | 4.97 | 3.36 | 6.66 | 17.36 | 14.87 | 0.00 | 0.00 | 89.93 | 1.97 | 1.66 | 14.3 | ||||||
| EV/Sales | 7.87 | 34.22 | 5.31 | 4.55 | 5.09 | 2.32 | 1.74 | 2.13 | 1.51 | 2.17 | 2.28 | 6.7 | ||||||
| EV/FCF | (2.10) | (5.00) | (4.02) | (6.28) | (10.35) | 66.04 | (2.86) | (12.18) | 8.65 | 8.45 | 33.64 | 4.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (76) | (78) | (59) | (42) | (52) | 6 | (74) | (6) | 31 | 76 | 90 | n/m | |||||
| Capex | (1) | 1 | (1) | (1) | (1) | (1) | 0 | (15) | 0 | — | (71) | (10.4%) | ||||||
| Free cash flow | (77) | (77) | (60) | (43) | (53) | 5 | (73) | (20) | 31 | 76 | 90 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 54 | 99 | 109 | 61 | 48 | 91 | 51 | 46 | 72 | 141 | 110 | +11.3% | |||||
| Net debt | (75) | (116) | (129) | (88) | (38) | (105) | (19) | (5) | (25) | (132) | (99) | +6.6% | ||||||
| Shareholders’ equity | 55 | 101 | 110 | 54 | 34 | 30 | (14) | (29) | 3 | 391 | 445 | +24.4% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (65.96) | (79.08) | (54.59) | (46.67) | (23.06) | (12.90) | (38.84) | (19.95) | 12.44 | 108.34 | 80.16 | +174.3 pt | |||||
| ROIC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 30.28 | 13.69 | +30.3 pt | ||||||
| ROE | (94.55) | (100.20) | (66.96) | (81.73) | (67.72) | (55.63) | (699.05) | 118.75 | (137.92) | 185.94 | 109.18 | +280.5 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 77 | 103 | 158 | 163 | 169 | 165 | 155 | 147 | 164 | 174 | — | +9.5% | |||||
| Revenue/emp, $m | 0.26 | 0.04 | 0.28 | 0.36 | 0.64 | 0.90 | 0.78 | 0.80 | 1.09 | 1.69 | — | +22.9% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Rigel Pharmaceuticals, Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ORIC Oric Pharmaceuticals, Inc. | $880.0M | — (loss-making) | — | — | n/m | −3.42% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| GLUE Monte Rosa Therapeutics, Inc. | $874.5M | — (loss-making) | — (loss-making) | +325.80% (above 0%: growing) | n/m | −142.63% (below 0%: shrinking) | 100.00% | (3.57%) | Compare |
| PHAR Pharming Group N.V. Sponsored ADR | $870.6M | 34.2× | — (loss-making) | +20.86% (above 0%: growing) | +190.91% (above 0%: growing) | +0.42% (above 0%: growing) | 86.90% | 25.34% | Compare |
| IVA Inventiva S.A. Sponsored ADR | $867.9M | — (loss-making) | — (loss-making) | −10.77% (below 0%: shrinking) | n/m | −20,989.22% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| LTGO Latigo Biotherapeutics Inc | $862.6M | — | — | — | n/m | — | — | 0.00% | Compare |
| ANRO Alto Neuroscience, Inc. | $858.2M | — (loss-making) | — | — | n/m | −43.41% (below 0%: shrinking) | — | 0.00% | Compare |
| RIGL Rigel Pharmaceuticals, Inc. | $853.9M | 2.4× | 16.4× | +16.45% (above 0%: growing) | −54.84% (below 0%: shrinking) | +43.90% (above 0%: growing) | 86.67% | 21.15% | |
| SNDX Syndax Pharmaceuticals, Inc. | $843.6M | — (loss-making) | — (loss-making) | +81.59% (above 0%: growing) | n/m | +61.43% (above 0%: growing) | 83.20% | (50.30%) | Compare |
| AKTS Aktis Oncology, Inc. | $826.0M | — (loss-making) | — (loss-making) | — | n/m | −12.77% (below 0%: shrinking) | 100.00% | (853.99%) | Compare |
| Median of peers | $865.2M | — | — | +51.23% | — | −12.77% | 85.05% | 0.00% |
Pay and ownership Proxy statement filed 3 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 4.66m | 8.68m | 122.37 |
| 2024 | 3.00m | 5.07m | 48.06 |
| 2023 | 3.44m | 2.06m | 41.43 |
| 2022 | 2.86m | 1.47m | 42.86 |
| 2021 | 3.43m | 866.86k | 75.71 |
Ownership
Directors and executive officers, together
10.47%
BlackRock, Inc.
7.54%
Raul R. Rodriguez
5.97%
State Street Corporation
5.95%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement