Ligand Pharmaceuticals share price today

Ligand Pharmaceuticals Incorporated's share price was $316.13 at the close on 4 November 2026. It has been rising for 74 weeks. That is 24.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between $184 and $323, and at that close it sat 95% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Ligand Pharmaceuticals Incorporated is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 2 weeks in a row.

Over the last 10 years the share price moved +151% while the S&P 500 moved +261%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Ligand Pharmaceuticals Incorporated pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.

Ligand Pharmaceuticals is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Ligand Pharmaceuticals Incorporated earned $48.5 M of net profit in the Jun 2026 quarter, +900.8% on the same quarter a year earlier. Full-year FY25 profit was $124 M. Over 4 years profit has grown 21.5% a year on average. That is 76.2% of the quarter's revenue. The same quarter a year earlier earned $4.8 M.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

6 of the last 12 reported quarters were loss-making.

Ligand Pharmaceuticals Incorporated reported $63.7 M of revenue in the Jun 2026 quarter, +33.7% on the same quarter a year earlier. That is the 9th quarter in a row with growth on the year before. Over 4 years it has grown 2.6% a year on average. The last full year, FY25, came in at $268 M.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $291 M.

FY25 revenue was $268 M, +60.4% on the year before.

Recent pace: the last four quarters grew +52.5% on average, against 2.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +54.9%, against +47.5% a year over the last 8 quarters (accelerating).

Ligand Pharmaceuticals Incorporated's operating margin was 13.5% in the Jun 2026 quarter, 6.9 percentage points lower than the same quarter a year ago. Across 5 years it has been between 1.5% and 27.4%. The latest quarter is within that range.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −6.9 percentage points on the year while gross margin changed −8.2 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 76% of Ligand Pharmaceuticals Incorporated's reported profit came in as cash from its operations, so most of the profit is real cash. In FY25 it brought in $49.4 M of operating cash against $124 M of profit. After $452 K of spending on assets, $48.9 M was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Ligand Pharmaceuticals Incorporated does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $5.8 M on assets over the last 3 years. Averaged over those years that is 0.7% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $5.8 M over the last 3 years.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Ligand Pharmaceuticals Incorporated's P/E is 132.2×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

Where the price move came from: over 3 years the price moved +80.2% a year; about +123.1% a year came from earnings growth and about −42.9 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple.

Ligand Pharmaceuticals Incorporated's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.