Ligand Pharmaceuticals (LGND) Cost of Revenue (2011 - 2026)

Ligand Pharmaceuticals (LGND) reported Cost of Revenue of $3.3 million for Q1 2026, down 32.5% on a YoY basis from $4.8 million in Q1 2025, and up 9.39% sequentially from $3.0 million in Q4 2025.

Ligand Pharmaceuticals (LGND) Cost of Revenue (2011 - 2026) Analysis & Trends

Ligand Pharmaceuticals (LGND) has 16 years of Cost of Revenue data on file, last reported at $3.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue fell 32.5% year-over-year to $3.3 million; the trailing twelve-month figure through Mar 2026 stood at $13.0 million (down 0.52% YoY), and the FY2025 full-year result was $14.5 million, up 31.38% from the prior year.
  • Cost of Revenue advanced to $3.3 million in Q1 2026, from $3.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $21.6 million in Q4 2022 to a low of $1.6 million in Q4 2023.
  • A 5-year average of $5.4 million and a median of $3.3 million in 2026 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue jumped 80.36% in 2022 and tumbled 92.41% in 2023, its largest moves.
  • Tracing LGND's Cost of Revenue over 5 years: stood at $21.6 million in 2022, then plunged by 92.41% to $1.6 million in 2023, then surged by 72.88% to $2.8 million in 2024, then gained by 5.46% to $3.0 million in 2025, then rose by 9.39% to $3.3 million in 2026.
  • Business Quant data shows LGND's Cost of Revenue at $3.3 million in Q1 2026, $3.0 million in Q4 2025, and $3.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - -
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 167.22 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 392.80 Mn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 296.00 Mn
7 Belite Bio 61.40 Bn 61.40 Bn - -
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn 121.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - -
10 Ligand Pharmaceuticals 5.96 Bn 5.18 Bn 48.45 Mn 3.27 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 3.27 Mn
Mar 31, 2026 3.27 Mn
Dec 31, 2025 2.99 Mn
Dec 31, 2025 2.99 Mn
Sep 30, 2025 3.80 Mn
Sep 30, 2025 3.80 Mn
Jun 30, 2025 2.91 Mn
Jun 30, 2025 2.91 Mn
Mar 31, 2025 4.85 Mn
Mar 31, 2025 4.85 Mn
Dec 31, 2024 2.84 Mn
Dec 31, 2024 2.84 Mn
Sep 30, 2024 2.45 Mn
Sep 30, 2024 2.45 Mn
Jun 30, 2024 2.91 Mn
Jun 30, 2024 2.91 Mn
Mar 31, 2024 2.88 Mn
Mar 31, 2024 2.88 Mn
Dec 31, 2023 1.64 Mn
Dec 31, 2023 1.64 Mn