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| Date | Value |
|---|---|
| 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 |