Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 181.49M | 167.13M | 131.31M | 196.25M | 277.13M | 186.42M |
Gross Profit | 150.14M | 156.06M | 96.27M | 143.42M | 214.96M | 156.00M |
EBITDA | -122.11M | 40.79M | 100.84M | 54.41M | 133.16M | 69.05M |
Net Income | -132.62M | -4.03M | 52.15M | -5.22M | 57.14M | -2.98M |
Balance Sheet | ||||||
Total Assets | 905.43M | 941.77M | 787.22M | 762.67M | 1.30B | 1.36B |
Cash, Cash Equivalents and Short-Term Investments | 208.90M | 256.17M | 170.31M | 211.87M | 341.11M | 411.19M |
Total Debt | 4.45M | 7.11M | 6.17M | 87.75M | 336.26M | 454.53M |
Total Liabilities | 109.90M | 111.33M | 86.30M | 165.18M | 479.75M | 652.76M |
Stockholders Equity | 795.53M | 830.44M | 700.91M | 597.49M | 821.63M | 709.52M |
Cash Flow | ||||||
Free Cash Flow | 35.51M | 95.23M | -4.27M | 119.93M | 70.04M | 50.13M |
Operating Cash Flow | 52.81M | 97.05M | 49.58M | 137.85M | 78.80M | 54.59M |
Investing Cash Flow | -135.00M | -143.66M | -11.68M | 163.62M | 30.52M | 231.65M |
Financing Cash Flow | 80.27M | 97.57M | -59.95M | -275.99M | -137.76M | -310.55M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
67 Neutral | $3.17B | 48.01 | -9.46% | ― | 40.54% | -264.26% | |
58 Neutral | $3.71B | ― | -24.19% | ― | 62.33% | 48.34% | |
54 Neutral | $2.47B | ― | -31.46% | ― | 254.45% | 48.06% | |
51 Neutral | $7.86B | -0.33 | -41.39% | 2.23% | 23.26% | -2.03% | |
49 Neutral | $2.17B | ― | -34.12% | ― | ― | -79.09% | |
43 Neutral | $2.05B | ― | -37.34% | ― | ― | -26.26% | |
40 Underperform | $1.63B | ― | -295.94% | ― | ― | 16.36% |
On August 14, 2025, Ligand Pharmaceuticals completed a private offering of $460 million in convertible senior notes due 2030, including an additional $60 million purchased by initial buyers. The notes, which are unsecured and bear a 0.75% interest rate, are part of Ligand’s strategy to manage potential stock dilution and fund corporate purposes, including stock repurchases and convertible note hedge transactions. These financial maneuvers are expected to impact Ligand’s stock market activity and provide flexibility in managing its capital structure.
On August 11, 2025, Ligand Pharmaceuticals announced a proposed offering of $400 million in convertible senior notes due 2030, aimed at qualified institutional buyers. This financial move is expected to support Ligand’s strategic initiatives, including potential repurchases of its common stock and investments in complementary businesses, which could influence the market dynamics of its stock and overall financial positioning.
On July 2, 2025, Ligand Pharmaceuticals completed a merger between its subsidiary LNHC, Inc. and Channel Therapeutics Corporation’s subsidiary, resulting in the formation of Pelthos Therapeutics Inc. Pelthos will trade on the NYSE American exchange under the ticker symbol ‘PTHS’ and plans to launch ZELSUVMI, a novel treatment for Molluscum contagiosum infections. Ligand invested $18 million in Pelthos and will receive a 13% royalty on worldwide sales of ZELSUVMI. The merger is seen as a transformative milestone, unlocking potential for innovation and long-term value for shareholders. Pelthos also raised $50.1 million in equity capital to support the commercial launch of ZELSUVMI and other development programs.
On June 6, 2025, Ligand Pharmaceuticals held its Annual Meeting of Stockholders where eight board members were elected for terms expiring in 2026. Additionally, the selection of Ernst & Young LLP as the company’s independent registered public accounting firm for 2025 was ratified, and a non-binding advisory resolution on executive compensation was approved.