Ligand Pharmaceuticals annual r&d spending
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2025
Ligand Pharmaceuticals R&D Spending Growth & History (LGND)
Ligand Pharmaceuticals's r&d spending was $81.2M for fiscal 2025.
View full Ligand Pharmaceuticals company overviewLigand Pharmaceuticals annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $81.2M | $59.8M | +278.91% |
| 2024 | 2024-12-31 | $21.4M | −$3.1M | −12.68% |
| 2023 | 2023-12-31 | $24.5M | −$11.5M | −32.00% |
| 2022 | 2022-12-31 | $36.1M | $4.0M | +12.39% |
| 2021 | 2021-12-31 | $32.1M | −$8.4M | −20.73% |
| 2020 | 2020-12-31 | $40.5M | −$15.4M | −27.55% |
| 2019 | 2019-12-31 | $55.9M | $28.0M | +100.65% |
| 2018 | 2018-12-31 | $27.9M | $976,000 | +3.63% |
| 2017 | 2017-12-31 | $26.9M | $5.7M | +26.70% |
| 2016 | 2016-12-31 | $21.2M | $10.2M | +92.83% |
| 2015 | 2015-12-31 | $11.0M | $1.3M | +12.91% |
| 2014 | 2014-12-31 | $9.7M | $473,000 | +5.10% |
| 2013 | 2013-12-31 | $9.3M | −$1.5M | −14.05% |
| 2012 | 2012-12-31 | $10.8M | $499,000 | +4.85% |
| 2011 | 2011-12-31 | $10.3M | −$11.8M | −53.36% |
| 2010 | 2010-12-31 | $22.1M | −$17.8M | −44.65% |
| 2009 | 2009-12-31 | $39.9M | — | — |
Ligand Pharmaceuticals quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $14.7M | $8.1M | +123.36% |
| Q1 2026 | 2026-03-31 | $2.1M | −$47.9M | −95.71% |
| Q4 2025 | 2025-12-31 | $3.5M | −$914,000 | −20.66% |
| Q3 2025 | 2025-09-30 | $21.0M | $15.3M | +270.38% |
| Q2 2025 | 2025-06-30 | $6.6M | $1.2M | +22.66% |
| Q1 2025 | 2025-03-31 | $50.1M | $44.1M | +738.80% |
| Q4 2024 | 2024-12-31 | $4.4M | −$1.1M | −19.37% |
| Q3 2024 | 2024-09-30 | $5.7M | $143,000 | +2.58% |
| Q2 2024 | 2024-06-30 | $5.4M | −$1.5M | −21.89% |
| Q1 2024 | 2024-03-31 | $6.0M | −$692,000 | −10.39% |
| Q4 2023 | 2023-12-31 | $5.5M | −$3.7M | −40.33% |
| Q3 2023 | 2023-09-30 | $5.5M | −$3.7M | −40.12% |
| Q2 2023 | 2023-06-30 | $6.9M | −$1.6M | −19.05% |
| Q1 2023 | 2023-03-31 | $6.7M | −$2.5M | −27.41% |
| Q4 2022 | 2022-12-31 | $9.2M | $1.1M | +12.89% |
| Q3 2022 | 2022-09-30 | $9.2M | $1.8M | +24.35% |
| Q2 2022 | 2022-06-30 | $8.5M | $985,000 | +13.16% |
| Q1 2022 | 2022-03-31 | $9.2M | $133,000 | +1.47% |
| Q4 2021 | 2021-12-31 | $8.1M | $5.1M | +169.14% |
| Q3 2021 | 2021-09-30 | $7.4M | −$5.4M | −42.19% |
| Q2 2021 | 2021-06-30 | $7.5M | −$5.3M | −41.23% |
| Q1 2021 | 2021-03-31 | $9.0M | −$2.8M | −23.93% |
| Q4 2020 | 2020-12-31 | $3.0M | −$15.6M | −83.78% |
| Q3 2020 | 2020-09-30 | $12.9M | −$889,000 | −6.47% |
| Q2 2020 | 2020-06-30 | $12.7M | $519,000 | +4.25% |
| Q1 2020 | 2020-03-31 | $11.9M | $602,000 | +5.33% |
| Q4 2019 | 2019-12-31 | $18.7M | $9.8M | +111.18% |
| Q3 2019 | 2019-09-30 | $13.7M | $8.3M | +150.63% |
| Q2 2019 | 2019-06-30 | $12.2M | $6.1M | +99.07% |
| Q1 2019 | 2019-03-31 | $11.3M | $3.9M | +52.41% |
| Q4 2018 | 2018-12-31 | $8.8M | $205,000 | +2.37% |
| Q3 2018 | 2018-09-30 | $5.5M | $724,000 | +15.21% |
| Q2 2018 | 2018-06-30 | $6.1M | $1.3M | +27.23% |
| Q1 2018 | 2018-03-31 | $7.4M | −$1.3M | −14.60% |
| Q4 2017 | 2017-12-31 | $8.6M | $2.2M | +34.79% |
| Q3 2017 | 2017-09-30 | $4.8M | −$1.1M | −19.31% |
| Q2 2017 | 2017-06-30 | $4.8M | −$92,000 | −1.87% |
| Q1 2017 | 2017-03-31 | $8.7M | $4.7M | +116.61% |
| Q4 2016 | 2016-12-31 | $6.4M | $4.1M | +181.41% |
| Q3 2016 | 2016-09-30 | $5.9M | $4.0M | +203.24% |
| Q2 2016 | 2016-06-30 | $4.9M | $1.5M | +43.85% |
| Q1 2016 | 2016-03-31 | $4.0M | $636,000 | +18.88% |
| Q4 2015 | 2015-12-31 | $2.3M | $1.4M | +151.21% |
| Q3 2015 | 2015-09-30 | $1.9M | −$1.1M | −35.62% |
| Q2 2015 | 2015-06-30 | $3.4M | $727,000 | +27.04% |
| Q1 2015 | 2015-03-31 | $3.4M | $237,000 | +7.57% |
| Q4 2014 | 2014-12-31 | $906,000 | −$1.5M | −61.82% |
| Q3 2014 | 2014-09-30 | $3.0M | $607,000 | +25.14% |
| Q2 2014 | 2014-06-30 | $2.7M | $667,000 | +32.99% |
| Q1 2014 | 2014-03-31 | $3.1M | $666,000 | +27.02% |
| Q4 2013 | 2013-12-31 | $2.4M | −$103,000 | −4.16% |
| Q3 2013 | 2013-09-30 | $2.4M | −$233,000 | −8.80% |
| Q2 2013 | 2013-06-30 | $2.0M | −$828,000 | −29.05% |
| Q1 2013 | 2013-03-31 | $2.5M | −$352,000 | −12.50% |
| Q4 2012 | 2012-12-31 | $2.5M | −$121,000 | −4.66% |
| Q3 2012 | 2012-09-30 | $2.6M | $176,000 | +7.12% |
| Q2 2012 | 2012-06-30 | $2.9M | −$387,000 | −11.96% |
| Q1 2012 | 2012-03-31 | $2.8M | $831,000 | +41.84% |
| Q4 2011 | 2011-12-31 | $2.6M | — | — |
| Q3 2011 | 2011-09-30 | $2.5M | −$2.5M | −49.93% |
| Q2 2011 | 2011-06-30 | $3.2M | −$3.4M | −50.97% |
| Q1 2011 | 2011-03-31 | $2.0M | — | — |
| Q3 2010 | 2010-09-30 | $4.9M | — | — |
| Q2 2010 | 2010-06-30 | $6.6M | — | — |
Ligand Pharmaceuticals r&d spending trends
Over the last five fiscal years, Ligand Pharmaceuticals's r&d spending increased from $40.5M to $81.2M, a change of $40.7M. The latest reported quarter, Q2 2026, shows $14.7M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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