LIGAND PHARMACEUTICALS INC
For the period ended Sep 30, 2026. Filed Oct 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 30, 2026
LGND$314.16+0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Stockholders’ Equity
| Common Stock · Additional paid in capital · Accumulated other comprehensive income · Retained earnings · Total stockholders’ equity | ||||||
|---|---|---|---|---|---|---|
| Shares · Amount | ||||||
| Balance at December 31, 2025 | 19,774 | $20 | $400,649 | $8,455 | $608,088 | $1,017,212 |
| Issuance of common stock under employee stock compensation plans, net of shares withheld for payroll taxes | 255 | — | (14,076) | — | — | (14,076) |
| Share-based compensation | — | — | 10,596 | — | — | 10,596 |
| Unrealized loss on available-for-sale securities, net of tax | — | — | — | (732) | — | (732) |
| Foreign currency translation adjustment, net of tax | — | — | — | (2,333) | — | (2,333) |
| Net loss | — | — | — | — | (13,345) | (13,345) |
| Balance at March 31, 2026 | 20,029 | 20 | 397,169 | 5,390 | 594,743 | 997,322 |
| Issuance of common stock under employee stock compensation plans, net of shares withheld for payroll taxes | 120 | — | 8,256 | — | — | 8,256 |
| Share repurchase in connection with the 2031 Notes (Note 9) | (229) | — | — | — | (60,000) | (60,000) |
| 2031 Notes hedge and warrant transactions, net of tax (Note 7) | — | — | (39,309) | — | — | (39,309) |
| Share-based compensation | — | — | 13,653 | — | — | 13,653 |
| Unrealized loss on available-for-sale securities, net of tax | — | — | — | (22) | — | (22) |
| Foreign currency translation adjustment, net of tax | — | — | — | (892) | — | (892) |
| Net income | — | — | — | — | 48,508 | 48,508 |
| Balance at June 30, 2026 | 19,920 | 20 | 379,769 | 4,476 | 583,251 | 967,516 |
| Issuance of common stock under employee stock compensation plans, net of shares withheld for payroll taxes | 81 | — | 5,588 | — | — | 5,588 |
| Share-based compensation | — | — | 18,181 | — | — | 18,181 |
| Unrealized loss on available-for-sale securities, net of tax | — | — | — | (821) | — | (821) |
| Foreign currency translation adjustment, net of tax | — | — | — | (216) | — | (216) |
| Net loss | — | — | — | — | (28,485) | (28,485) |
| Balance at September 30, 2026 | 20,001 | $20 | $403,538 | $3,439 | $554,766 | $961,763 |
| Common Stock · Additional paid in capital · Accumulated other comprehensive (loss) income · Retained earnings · Total stockholders’ equity | |||||||
|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||
| Balance at December 31, 2024 | 19,106 | $20 | $337,377 | $(5,942) | $498,984 | $830,439 | |
| ASU 2025-07 adoption: impact as of January 1, 2025 | — | — | — | — | (438) | $(438) | |
| Issuance of common stock under employee stock compensation plans, net of shares withheld for payroll taxes | 170 | — | (4,669) | — | — | (4,669) | |
| Share-based compensation | — | — | 7,836 | — | — | 7,836 | |
| Unrealized loss on available-for-sale securities, net of tax | — | — | — | (22) | — | (22) | |
| Foreign currency translation adjustment, net of tax | — | — | — | 4,401 | — | 4,401 | |
| Net loss (as reported) | — | — | — | — | (42,451) | (42,451) | |
| ASU 2025-07 adoption: impact on net loss | — | — | — | — | 498 | 498 | |
| Balance at March 31, 2025* | 19,276 | 20 | 340,544 | (1,563) | 456,593 | 795,594 | |
| Issuance of common stock under employee stock compensation plans, net of shares withheld for payroll taxes | 135 | — | 8,094 | — | — | 8,094 | |
| Share-based compensation | — | — | 9,997 | — | — | 9,997 | |
| Unrealized loss on available-for-sale securities, net of tax | — | — | — | (49) | — | (49) | |
| Foreign currency translation adjustment, net of tax | — | — | — | 10,106 | — | 10,106 | |
| Net income (as reported) | — | — | — | — | 4,847 | 4,847 | |
| ASU 2025-07 adoption: impact on net income | — | — | — | — | (1,276) | (1,276) | |
| Balance at June 30, 2025* | 19,411 | 20 | 358,635 | 8,494 | 460,164 | 827,313 | |
| Issuance of common stock under employee stock compensation plans, net of shares withheld for payroll taxes | 347 | — | 25,523 | — | — | 25,523 | |
| Share repurchase in connection with the 2030 Notes (Note 9) | (102) | — | (15,000) | — | — | (15,000) | |
| 2030 Convertible Notes hedge and warrant transactions, net of tax (Note 7) | — | — | (21,290) | — | — | (21,290) | |
| Share-based compensation | — | — | 14,746 | — | 14,746 | ||
| Unrealized gain on available-for-sale securities, net of tax | — | — | — | 78 | — | 78 | |
| Foreign currency translation adjustment, net of tax | — | — | — | 750 | — | 750 | |
| Net income (as reported) | — | — | — | — | 117,273 | 117,273 | |
| ASU 2025-07 adoption: impact on net income for the six months ended June 30, 2025 | — | — | — | — | 778 | 778 | |
| Balance at September 30, 2025 | 19,656 | $20 | $362,614 | $9,322 | $578,215 | $950,171 | |
*Interim equity balances reflect the impact of ASU 2025-07 adoption in Q3 2025 effective January 1, 2025.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.