{
  "name": "Ligand Pharmaceuticals Inc",
  "legal_name": "LIGAND PHARMACEUTICALS INC",
  "ticker": "LGND",
  "tickers": [
    "LGND",
    "LGNDZ",
    "LGNXZ",
    "LGNYZ",
    "LGNZZ"
  ],
  "cik": "0000886163",
  "page_url": "https://steadybase.io/company/ligand-pharmaceuticals-inc/",
  "markdown_url": "https://steadybase.io/company/ligand-pharmaceuticals-inc.md",
  "json_url": "https://steadybase.io/company/ligand-pharmaceuticals-inc.json",
  "as_of": "2026-11-10",
  "last_filed": "2026-10-30",
  "industry": {
    "sic": "2834",
    "description": "Pharmaceutical Preparations"
  },
  "headquarters": {
    "city": "San Diego",
    "state": "CA",
    "country": "US"
  },
  "exchanges": [
    "Nasdaq",
    "OTC",
    "OTC",
    "OTC",
    "OTC"
  ],
  "fiscal_year_end": "December 31",
  "filer_category": "Large accelerated filer",
  "state_of_incorporation": "DE",
  "website": "ligand.com",
  "investor_relations_url": null,
  "linkedin_company_url": "https://www.linkedin.com/company/ligand-pharmaceuticals",
  "summary": {
    "text": "We are a biopharmaceutical royalty company focused on deploying capital and licensing technologies to acquire and create diversified royalty streams from high-value medicines. Our primary business is investing in and structuring royalty interests in mid- to late-stage development and commercial biopharmaceutical products, allowing us to generate long-duration, non-dilutive cash flows supported by a lean corporate cost structure. Capital deployment and technology licensing are the primary drivers of our long-term growth.",
    "section": "Item 1. Business",
    "period_end": "2025-12-31",
    "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000088616326000006/lgnd-20251231.htm"
  },
  "key_facts": [
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      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000088616326000006/0000886163-26-000006-index.html",
      "text": "Revenue: $268.1M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 27, 2026)."
    },
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      "text": "Operating income: $41.0M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 27, 2026)."
    },
    {
      "key": "net_income",
      "label": "Net income",
      "value": 124453000,
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      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000088616326000006/0000886163-26-000006-index.html",
      "text": "Net income: $124.5M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 27, 2026)."
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      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000088616326000006/0000886163-26-000006-index.html",
      "text": "SG&A: $92.4M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 27, 2026)."
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      "text": "Shares outstanding: 20,002,986 as of Oct 27, 2026 (10-Q filed Oct 30, 2026)."
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    {
      "key": "auditor",
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      "value": "Ernst & Young LLP",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000088616326000006/lgnd-20251231.htm",
      "text": "Auditor: Ernst & Young LLP, San Diego, California, named in the latest 10-K."
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      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000195023226000003/0001950232-26-000003-index.htm"
    },
    {
      "owner": "Martine Zimmermann",
      "role": "Director",
      "action": "sold",
      "code": "S",
      "shares": 1200,
      "value_usd": 342000,
      "date": "2026-09-10",
      "filed": "2026-09-14",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000200101126000140/0002001011-26-000140-index.htm"
    },
    {
      "owner": "Andrew Reardon",
      "role": "CLO & Secretary",
      "action": "sold",
      "code": "S",
      "shares": 5000,
      "value_usd": 1430445,
      "date": "2026-09-03",
      "filed": "2026-09-08",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000200101126000137/0002001011-26-000137-index.htm"
    },
    {
      "owner": "Octavio Espinoza",
      "role": "Chief Financial Officer",
      "action": "sold",
      "code": "S",
      "shares": 31641,
      "value_usd": 9241387,
      "date": "2026-08-12",
      "filed": "2026-08-14",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000200101126000115/0002001011-26-000115-index.htm"
    },
    {
      "owner": "Jason Haas",
      "role": "Director",
      "action": "sold",
      "code": "S",
      "shares": 7138,
      "value_usd": 2090078,
      "date": "2026-08-12",
      "filed": "2026-08-14",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000200101126000114/0002001011-26-000114-index.htm"
    },
    {
      "owner": "Andrew Reardon",
      "role": "CLO & Secretary",
      "action": "sold",
      "code": "S",
      "shares": 5000,
      "value_usd": 1444949,
      "date": "2026-08-03",
      "filed": "2026-08-04",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000200101126000111/0002001011-26-000111-index.htm"
    },
    {
      "owner": "Andrew Reardon",
      "role": "CLO & Secretary",
      "action": "sold",
      "code": "S",
      "shares": 5000,
      "value_usd": 1566382,
      "date": "2026-07-01",
      "filed": "2026-07-06",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000200101126000108/0002001011-26-000108-index.htm"
    },
    {
      "owner": "Stephen L. Sabba",
      "role": "Director",
      "action": "sold",
      "code": "S",
      "shares": 2145,
      "value_usd": 544830,
      "date": "2026-06-16",
      "filed": "2026-06-18",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000110465926075456/0001104659-26-075456-index.htm"
    },
    {
      "owner": "Jason Haas",
      "role": "Director",
      "action": "sold",
      "code": "S",
      "shares": 6461,
      "value_usd": 1651323,
      "date": "2026-06-12",
      "filed": "2026-06-15",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000200101126000104/0002001011-26-000104-index.htm"
    },
    {
      "owner": "Jason Aryeh",
      "role": "Director",
      "action": "sold",
      "code": "S",
      "shares": 5000,
      "value_usd": 1250000,
      "date": "2026-06-11",
      "filed": "2026-06-12",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000200101126000103/0002001011-26-000103-index.htm"
    },
    {
      "owner": "John L. Lamattina",
      "role": "Director",
      "action": "sold",
      "code": "S",
      "shares": 4591,
      "value_usd": 1151786,
      "date": "2026-06-10",
      "filed": "2026-06-12",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000200101126000102/0002001011-26-000102-index.htm"
    },
    {
      "owner": "Andrew Reardon",
      "role": "CLO & Secretary",
      "action": "sold",
      "code": "S",
      "shares": 5000,
      "value_usd": 1135323,
      "date": "2026-06-01",
      "filed": "2026-06-02",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000200101126000083/0002001011-26-000083-index.htm"
    }
  ],
  "quotes": [
    {
      "text": "Ligand delivered another strong quarter, with royalty revenue growing 51% year-over-year, driven by contribution from the XOMA portfolio and continued commercial momentum across our key royalty assets, including Filspari",
      "speaker": "Todd Davis",
      "title": "CEO of Ligand",
      "form": "8-K",
      "filed": "2026-10-29",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000088616326000058/q32026earningsrelease_ex991.htm"
    }
  ],
  "latest_filings": [
    {
      "form": "8-K",
      "filed": "2026-10-29",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000088616326000058/lgnd-20261029.htm"
    },
    {
      "form": "10-K",
      "filed": "2026-02-27",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000088616326000006/lgnd-20251231.htm"
    },
    {
      "form": "10-Q",
      "filed": "2026-10-30",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000088616326000060/lgnd-20260930.htm"
    },
    {
      "form": "DEF 14A",
      "filed": "2026-04-21",
      "source_url": "https://www.sec.gov/Archives/edgar/data/886163/000088616326000021/lngd-20260421.htm"
    }
  ],
  "source": "SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from."
}