Ligand Pharmaceuticals annual free cash flow
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2025
Ligand Pharmaceuticals Free Cash Flow (FCF) History (LGND)
Ligand Pharmaceuticals reported $48.9M in free cash flow for fiscal 2025, a decrease of 48.64% from the previous fiscal year, with a free cash flow margin of 18.24%.
View full Ligand Pharmaceuticals company overviewLigand Pharmaceuticals free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $48.9M | −$46.3M | −48.64% | +18.24% |
| 2024 | 2024-12-31 | $95.2M | $49.2M | +106.76% | +56.98% |
| 2023 | 2023-12-31 | $46.1M | −$73.9M | −61.60% | +35.07% |
| 2022 | 2022-12-31 | $119.9M | $49.9M | +71.23% | +61.11% |
| 2021 | 2021-12-31 | $70.0M | $19.9M | +39.72% | +29.00% |
| 2020 | 2020-12-31 | $50.1M | $82.0M | — | +30.65% |
| 2019 | 2019-12-31 | −$31.9M | −$225.1M | — | −26.51% |
| 2018 | 2018-12-31 | $193.2M | $106.8M | +123.54% | +76.82% |
| 2017 | 2017-12-31 | $86.4M | $27.5M | +46.76% | +61.24% |
| 2016 | 2016-12-31 | $58.9M | $17.2M | +41.43% | +54.03% |
| 2015 | 2015-12-31 | $41.6M | $21.1M | +102.50% | +57.89% |
| 2014 | 2014-12-31 | $20.6M | $247,000 | +1.22% | +31.86% |
| 2013 | 2013-12-31 | $20.3M | $20.7M | — | +41.48% |
| 2012 | 2012-12-31 | −$434,000 | $816,000 | — | −1.38% |
| 2011 | 2011-12-31 | −$1.3M | $25.9M | — | −4.16% |
| 2010 | 2010-12-31 | −$27.1M | $7.2M | — | −115.29% |
| 2009 | 2009-12-31 | −$34.3M | — | — | −88.14% |
Ligand Pharmaceuticals quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $24.0M | $8.4M | +53.94% | +37.67% |
| Q1 2026 | 2026-03-31 | $48.5M | $74.1M | — | +93.70% |
| Q4 2025 | 2025-12-31 | $45.9M | $18.1M | +65.37% | +76.94% |
| Q3 2025 | 2025-09-30 | $13.1M | −$22.9M | −63.61% | +11.32% |
| Q2 2025 | 2025-06-30 | $15.6M | $2.7M | +20.76% | +32.72% |
| Q1 2025 | 2025-03-31 | −$25.7M | −$44.3M | — | −56.60% |
| Q4 2024 | 2024-12-31 | $27.8M | $20.1M | +262.96% | +64.84% |
| Q3 2024 | 2024-09-30 | $35.9M | $28.8M | +401.94% | +69.35% |
| Q2 2024 | 2024-06-30 | $12.9M | $13.2M | — | +31.08% |
| Q1 2024 | 2024-03-31 | $18.6M | −$12.9M | −40.93% | +60.13% |
| Q4 2023 | 2023-12-31 | $7.6M | −$43.7M | −85.10% | +27.22% |
| Q3 2023 | 2023-09-30 | $7.2M | −$9.0M | −55.70% | +21.78% |
| Q2 2023 | 2023-06-30 | −$285,000 | −$5.6M | — | −1.08% |
| Q1 2023 | 2023-03-31 | $31.5M | −$15.6M | −33.10% | +71.70% |
| Q4 2022 | 2022-12-31 | $51.3M | $25.9M | +101.76% | +101.90% |
| Q3 2022 | 2022-09-30 | $16.2M | −$2.1M | −11.47% | +27.29% |
| Q2 2022 | 2022-06-30 | $5.3M | −$13.7M | −72.14% | +10.55% |
| Q1 2022 | 2022-03-31 | $47.1M | $39.8M | +541.31% | +129.08% |
| Q4 2021 | 2021-12-31 | $25.4M | $14.7M | +137.64% | +68.99% |
| Q3 2021 | 2021-09-30 | $18.3M | −$11.1M | −37.86% | +28.15% |
| Q2 2021 | 2021-06-30 | $19.0M | −$8.6M | −31.28% | +22.42% |
| Q1 2021 | 2021-03-31 | $7.3M | −$2.9M | −28.46% | +13.33% |
| Q3 2020 | 2020-09-30 | $10.7M | −$8.4M | −44.05% | +25.59% |
| Q4 2017 | 2017-12-31 | $29.4M | $10.7M | +57.43% | +58.21% |
| Q3 2017 | 2017-09-30 | $27.6M | $9.9M | +55.56% | +82.78% |
| Q2 2017 | 2017-06-30 | $10.3M | $686,000 | +7.15% | +36.70% |
| Q1 2017 | 2017-03-31 | $19.1M | $6.3M | +48.63% | +65.39% |
| Q4 2016 | 2016-12-31 | $18.7M | $5.1M | +37.20% | +48.86% |
| Q3 2016 | 2016-09-30 | $17.8M | $7.3M | +70.17% | +82.15% |
| Q2 2016 | 2016-06-30 | $9.6M | −$441,000 | −4.40% | +49.12% |
| Q1 2016 | 2016-03-31 | $12.9M | $5.3M | +70.11% | +43.43% |
| Q4 2015 | 2015-12-31 | $13.6M | $3.4M | +32.80% | +64.17% |
| Q3 2015 | 2015-09-30 | $10.4M | $6.7M | +179.44% | +58.96% |
| Q2 2015 | 2015-06-30 | $10.0M | $6.0M | +150.60% | +54.45% |
| Q1 2015 | 2015-03-31 | $7.6M | $5.0M | +194.40% | +51.84% |
| Q4 2014 | 2014-12-31 | $10.2M | −$1.7M | −14.09% | +44.52% |
| Q3 2014 | 2014-09-30 | $3.7M | $4.2M | — | +24.94% |
| Q2 2014 | 2014-06-30 | $4.0M | −$2.8M | −41.29% | +37.73% |
| Q1 2014 | 2014-03-31 | $2.6M | $530,000 | +25.97% | +16.11% |
| Q4 2013 | 2013-12-31 | $11.9M | $9.8M | +458.58% | +80.88% |
| Q3 2013 | 2013-09-30 | −$464,000 | $818,000 | — | −3.57% |
| Q2 2013 | 2013-06-30 | $6.8M | $7.8M | — | +71.15% |
| Q1 2013 | 2013-03-31 | $2.0M | $2.4M | — | +17.52% |
| Q4 2012 | 2012-12-31 | $2.1M | −$4.8M | −69.42% | +15.65% |
| Q3 2012 | 2012-09-30 | −$1.3M | −$116,000 | — | −20.11% |
| Q2 2012 | 2012-06-30 | −$974,000 | $7.1M | — | −16.96% |
| Q1 2012 | 2012-03-31 | −$388,000 | −$1.3M | — | −6.88% |
| Q4 2011 | 2011-12-31 | $7.0M | $14.7M | — | +53.95% |
| Q3 2011 | 2011-09-30 | −$1.2M | — | — | −20.31% |
| Q2 2011 | 2011-06-30 | −$8.0M | — | — | −107.80% |
| Q1 2011 | 2011-03-31 | $906,000 | — | — | +23.25% |
| Q3 2010 | 2010-09-30 | −$7.7M | — | — | −98.42% |
Ligand Pharmaceuticals free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $50.1M to $48.9M, a compound annual decline of 0.49%. Ligand Pharmaceuticals's latest reported quarter, Q2 2026, generated $24.0M in free cash flow, an increase of 53.94% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Ligand Pharmaceuticals filings at SEC.gov ↗