LGND LIGAND PHARMACEUTICALS INC

Q3 2025 10-Q
Filed: Nov 7, 2025Period ending Sep 30, 2025
Health Care
Pharmaceutical PreparationsSEC EDGAR

LIGAND PHARMACEUTICALS INC (LGND) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 7, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Risk Factors

  • New risk: Convertible Senior Notes $460M offering in Aug 2025 adds debt with 0.75% coupon due 2030, introducing dilution and interest expense risks
  • Updated operational risk: Pelthos merger and divestiture yielding $53.1M income changes revenue profile and partnership dynamics notably in Q3 2025
+3 more insights

Quarterly Financial Summary
XBRL

Revenue

$115M

+122.8% YoY +142.4% QoQ

Net Income

$117M

+1735.2% YoY +2319.5% QoQ

Operating Margin

47.6%

+4151bp YoY +2985bp QoQ

Net Margin

101.6%

+11541bp YoY +9139bp QoQ

ROE

12.3%

Total Assets

$1.5B

EPS (Diluted)

$5.90

+1539.0% YoY +2169.2% QoQ

Operating Cash Flow

$13M

-64.2% YoY -17.1% QoQ

Source: XBRL data from LIGAND PHARMACEUTICALS INC Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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