Ligand Pharmaceuticals annual operating expenses
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Ligand Pharmaceuticals Operating Expenses Growth & History (LGND)
Ligand Pharmaceuticals's operating expenses was $227.1M for fiscal 2025.
View full Ligand Pharmaceuticals company overviewLigand Pharmaceuticals annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $227.1M | $37.3M | +19.68% |
| 2024 | 2024-12-31 | $189.7M | $68.2M | +56.17% |
| 2023 | 2023-12-31 | $121.5M | −$71.7M | −37.12% |
| 2022 | 2022-12-31 | $193.2M | $55.5M | +40.32% |
| 2021 | 2021-12-31 | $137.7M | −$5.5M | −3.83% |
| 2020 | 2020-12-31 | $143.2M | $17.2M | +13.63% |
| 2019 | 2019-12-31 | $126.0M | $38.3M | +43.63% |
| 2018 | 2018-12-31 | $87.7M | $14.7M | +20.13% |
| 2017 | 2017-12-31 | $73.0M | $7.9M | +12.20% |
| 2016 | 2016-12-31 | $65.1M | $20.5M | +45.99% |
| 2015 | 2015-12-31 | $44.6M | −$327,000 | −0.73% |
| 2014 | 2014-12-31 | $44.9M | $10.9M | +31.98% |
| 2013 | 2013-12-31 | $34.0M | $2.8M | +9.09% |
| 2012 | 2012-12-31 | $31.2M | −$1.4M | −4.36% |
| 2011 | 2011-12-31 | $32.6M | −$21.9M | −40.20% |
| 2010 | 2010-12-31 | $54.5M | −$16.2M | −22.91% |
| 2009 | 2009-12-31 | $70.8M | — | — |
Ligand Pharmaceuticals quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $55.1M | $15.9M | +40.63% |
| Q1 2026 | 2026-03-31 | $34.4M | −$47.2M | −57.87% |
| Q4 2025 | 2025-12-31 | $45.8M | −$6.6M | −12.63% |
| Q3 2025 | 2025-09-30 | $60.5M | $11.9M | +24.37% |
| Q2 2025 | 2025-06-30 | $39.2M | −$21.4M | −35.37% |
| Q1 2025 | 2025-03-31 | $81.5M | $53.6M | +191.35% |
| Q4 2024 | 2024-12-31 | $52.4M | $21.0M | +66.72% |
| Q3 2024 | 2024-09-30 | $48.7M | $16.8M | +52.51% |
| Q2 2024 | 2024-06-30 | $60.6M | $32.3M | +113.87% |
| Q1 2024 | 2024-03-31 | $28.0M | −$1.8M | −5.99% |
| Q4 2023 | 2023-12-31 | $31.5M | −$39.0M | −55.37% |
| Q3 2023 | 2023-09-30 | $31.9M | −$15.0M | −31.93% |
| Q2 2023 | 2023-06-30 | $28.3M | −$13.1M | −31.63% |
| Q1 2023 | 2023-03-31 | $29.8M | −$4.6M | −13.40% |
| Q4 2022 | 2022-12-31 | $70.5M | $29.2M | +70.74% |
| Q3 2022 | 2022-09-30 | $46.9M | $12.3M | +35.50% |
| Q2 2022 | 2022-06-30 | $41.5M | $16.5M | +66.25% |
| Q1 2022 | 2022-03-31 | $34.4M | −$2.5M | −6.76% |
| Q4 2021 | 2021-12-31 | $41.3M | −$34.6M | −45.61% |
| Q3 2021 | 2021-09-30 | $34.6M | −$3.5M | −9.20% |
| Q2 2021 | 2021-06-30 | $24.9M | −$9.4M | −27.33% |
| Q1 2021 | 2021-03-31 | $36.9M | $7.5M | +25.54% |
| Q4 2020 | 2020-12-31 | $75.9M | $38.7M | +104.11% |
| Q3 2020 | 2020-09-30 | $38.1M | $8.1M | +27.15% |
| Q2 2020 | 2020-06-30 | $34.3M | $5.2M | +17.87% |
| Q1 2020 | 2020-03-31 | $29.4M | −$365,000 | −1.23% |
| Q4 2019 | 2019-12-31 | $37.2M | $10.7M | +40.62% |
| Q3 2019 | 2019-09-30 | $30.0M | $7.7M | +34.37% |
| Q2 2019 | 2019-06-30 | $29.1M | $9.2M | +46.55% |
| Q1 2019 | 2019-03-31 | $29.7M | $10.6M | +55.57% |
| Q4 2018 | 2018-12-31 | $26.4M | $0 | 0.00% |
| Q3 2018 | 2018-09-30 | $22.3M | $0 | 0.00% |
| Q2 2018 | 2018-06-30 | $19.9M | $0 | 0.00% |
| Q1 2018 | 2018-03-31 | $19.1M | $0 | 0.00% |
| Q4 2017 | 2017-12-31 | $26.4M | $7.6M | +40.41% |
| Q3 2017 | 2017-09-30 | $22.3M | $6.1M | +38.06% |
| Q2 2017 | 2017-06-30 | $19.9M | $4.3M | +27.75% |
| Q1 2017 | 2017-03-31 | $19.1M | $4.6M | +31.36% |
| Q4 2016 | 2016-12-31 | $18.8M | $8.7M | +85.07% |
| Q3 2016 | 2016-09-30 | $16.2M | $7.0M | +77.43% |
| Q2 2016 | 2016-06-30 | $15.6M | $1.5M | +10.67% |
| Q1 2016 | 2016-03-31 | $14.6M | $3.3M | +29.32% |
| Q4 2015 | 2015-12-31 | $10.2M | −$3.2M | −23.86% |
| Q3 2015 | 2015-09-30 | $9.1M | −$2.3M | −20.43% |
| Q2 2015 | 2015-06-30 | $14.1M | $4.8M | +51.92% |
| Q1 2015 | 2015-03-31 | $11.3M | $395,000 | +3.64% |
| Q4 2014 | 2014-12-31 | $13.4M | $5.1M | +60.81% |
| Q3 2014 | 2014-09-30 | $11.4M | $1.5M | +15.16% |
| Q2 2014 | 2014-06-30 | $9.3M | $1.2M | +14.68% |
| Q1 2014 | 2014-03-31 | $10.9M | $3.1M | +40.67% |
| Q4 2013 | 2013-12-31 | $8.3M | −$1.1M | −11.25% |
| Q3 2013 | 2013-09-30 | $9.9M | $2.1M | +27.37% |
| Q2 2013 | 2013-06-30 | $8.1M | $509,000 | +6.74% |
| Q1 2013 | 2013-03-31 | $7.7M | $1.2M | +19.21% |
| Q4 2012 | 2012-12-31 | $9.4M | $846,000 | +9.93% |
| Q3 2012 | 2012-09-30 | $7.8M | −$1.6M | −17.16% |
| Q2 2012 | 2012-06-30 | $7.6M | −$1.1M | −13.13% |
| Q1 2012 | 2012-03-31 | $6.5M | $670,000 | +11.54% |
| Q4 2011 | 2011-12-31 | $8.5M | — | — |
| Q3 2011 | 2011-09-30 | $9.4M | −$14.5M | −60.61% |
| Q2 2011 | 2011-06-30 | $8.7M | −$1.2M | −12.06% |
| Q1 2011 | 2011-03-31 | $5.8M | — | — |
| Q3 2010 | 2010-09-30 | $23.9M | — | — |
| Q2 2010 | 2010-06-30 | $9.9M | — | — |
Ligand Pharmaceuticals operating expenses trends
Over the last five fiscal years, Ligand Pharmaceuticals's operating expenses increased from $143.2M to $227.1M, a change of $83.9M. The latest reported quarter, Q2 2026, shows $55.1M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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