Ligand Pharmaceuticals (LGND) Share-based Compensation (2010 - 2026)

Ligand Pharmaceuticals (LGND) posted Share-based Compensation of -$23.0 million for Q4 2025, down 255.84% sequentially from $14.7 million in Q3 2025, and down 158.44% YoY from $39.3 million in Q4 2024.

Ligand Pharmaceuticals (LGND) Share-based Compensation (2010 - 2026) Analysis & Trends

Ligand Pharmaceuticals has reported Share-based Compensation for 16 years, with the latest figure at -$23.0 million in Q4 2025.

  • Quarterly Share-based Compensation fell 158.44% year-over-year to -$23.0 million in Q4 2025, while the trailing twelve-month figure through Mar 2026 was $1.8 million (down 97.34% YoY) and the FY2025 annual result came in at $9.6 million, down 76.64% from the prior year.
  • Share-based Compensation eased to -$23.0 million in Q4 2025 per LGND's latest filing, from $14.7 million in the prior quarter.
  • Over five years, Share-based Compensation peaked at $39.3 million in Q4 2024 and troughed at -$31.1 million in Q4 2022.
  • A 5-year average of $4.4 million and a median of $5.9 million in 2021 frame the typical range for Share-based Compensation.
  • The sharpest annual moves came in 2023 and 2024: Share-based Compensation tumbled 7025.0% in 2023, then jumped 366.19% in 2024.
  • Over 5 years, Share-based Compensation stood at -$22.4 million in 2021, then plunged by 39.29% to -$31.1 million in 2022, then jumped by 86.66% to -$4.2 million in 2023, then jumped by 1046.33% to $39.3 million in 2024, then plunged by 158.44% to -$23.0 million in 2025.
  • According to Business Quant data, Share-based Compensation over the past three periods registered -$23.0 million, $14.7 million, and $10.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 Vertex Pharmaceuticals 128.13 Bn 120.28 Bn 2.84 Bn 108.10 Mn
2 Regeneron Pharmaceuticals 112.33 Bn 104.33 Bn 3.93 Bn 243.00 Mn
3 Argenx Se 53.24 Bn 48.05 Bn 1.41 Bn -
4 Revolution Medicines 43.64 Bn 43.64 Bn - 277.20 Mn
5 BeOne Medicines 39.27 Bn 34.17 Bn 1.53 Bn 137.41 Mn
6 MindWalk Holdings 35.32 Bn 35.31 Bn 1.82 Bn 590,899.88
7 Royalty Pharma 33.72 Bn 35.84 Bn - -
8 Alnylam Pharmaceuticals 30.58 Bn 27.27 Bn 992.69 Mn 86.63 Mn
9 Insmed 27.01 Bn 25.85 Bn 358.27 Mn 41.25 Mn
10 Ligand Pharmaceuticals 5.87 Bn 4.51 Bn 60.48 Mn 13.65 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 13.65 Mn
Jun 30, 2026 13.65 Mn
Mar 31, 2026 21.73 Mn
Mar 31, 2026 21.73 Mn
Dec 31, 2025 -22.98 Mn
Dec 31, 2025 -22.98 Mn
Sep 30, 2025 14.75 Mn
Sep 30, 2025 14.75 Mn
Jun 30, 2025 10.00 Mn
Jun 30, 2025 10.00 Mn
Mar 31, 2025 828,000.00
Mar 31, 2025 828,000.00
Dec 31, 2024 39.32 Mn
Dec 31, 2024 39.32 Mn
Sep 30, 2024 15.17 Mn
Sep 30, 2024 15.17 Mn
Jun 30, 2024 11.06 Mn
Jun 30, 2024 11.06 Mn
Jun 30, 2023 -4.16 Mn
Jun 30, 2023 -4.16 Mn