Ligand Pharmaceuticals (LGND) Free Cash Flow (2010 - 2026)

Ligand Pharmaceuticals' (LGND) quarterly Free Cash Flow came in at $48.5 million in Q1 2026, up 288.87% year-on-year from $12.5 million in Q1 2025, and up 6.05% quarter-over-quarter from $45.7 million in Q4 2025.

Ligand Pharmaceuticals (LGND) Free Cash Flow (2010 - 2026) Analysis & Trends

Ligand Pharmaceuticals has disclosed Free Cash Flow across 17 years of filings, most recently posting $48.5 million for Q1 2026.

  • Free Cash Flow for Q1 2026 came in at $48.5 million, up 288.87% year-over-year; the trailing twelve-month figure through Mar 2026 was $123.3 million (up 134.4% YoY), and the FY2025 annual result was $49.1 million, down 49.32% from the prior year.
  • Free Cash Flow came in at $48.5 million for Q1 2026 at Ligand Pharmaceuticals, up from $45.7 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $111.2 million in Q3 2024 to a low of -$61.7 million in Q2 2024.
  • The 5-year median for Free Cash Flow is $18.7 million (2024), against an average of $22.3 million.
  • Peak annual rise in Free Cash Flow reached 2092.37% in 2024, while the deepest fall reached 12913.5% in 2024.
  • Ligand Pharmaceuticals' Free Cash Flow stood at $54.8 million in 2022, then tumbled by 79.61% to $11.2 million in 2023, then jumped by 156.86% to $28.7 million in 2024, then surged by 59.29% to $45.7 million in 2025, then advanced by 6.05% to $48.5 million in 2026.
  • The last three Free Cash Flow figures came in at $48.5 million (Q1 2026), $45.7 million (Q4 2025), and $13.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -1.67 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -12.20 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -2.49 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.29 Bn
9 Abivax 91.96 Bn 91.96 Bn - 63,220.27
10 Ligand Pharmaceuticals 5.47 Bn 4.69 Bn 48.45 Mn 48.46 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 48.46 Mn
Mar 31, 2026 48.46 Mn
Dec 31, 2025 45.70 Mn
Dec 31, 2025 45.70 Mn
Sep 30, 2025 13.52 Mn
Sep 30, 2025 13.52 Mn
Jun 30, 2025 15.59 Mn
Jun 30, 2025 15.59 Mn
Mar 31, 2025 -25.66 Mn
Mar 31, 2025 -25.66 Mn
Dec 31, 2024 28.69 Mn
Dec 31, 2024 28.69 Mn
Sep 30, 2024 111.24 Mn
Sep 30, 2024 111.24 Mn
Jun 30, 2024 -61.68 Mn
Jun 30, 2024 -61.68 Mn
Mar 31, 2024 18.73 Mn
Mar 31, 2024 18.73 Mn
Dec 31, 2023 11.17 Mn
Dec 31, 2023 11.17 Mn