Ligand Pharmaceuticals IncorporatedLGNDNASDAQ
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R&D Expense Growth Under PressureDecelerating
Percentile Rank5
Studio
Year-over-Year Change

Year-over-year research & development expense growth

Percentile
P5
Near historical low
vs 5Y Ago
-1.2x
Contraction
Streak
1 qtr
Consecutive declineDecelerating
PeriodValue
Q4 2025-83.30%
Q3 2025220.07%
Q2 2025-86.89%
Q1 20251031.86%
Q4 2024-22.03%
Q3 20246.00%
Q2 2024-10.33%
Q1 20248.80%
Q4 2023-0.80%
Q3 2023-19.29%
Q2 20232.87%
Q1 2023126.25%
Q4 2022-374.69%
Q3 20229.12%
Q2 2022-7.76%
Q1 2022-49.68%
Q4 20217.70%
Q3 20216.17%
Q2 2021-10.77%
Q1 2021-18.42%
Q4 202070.51%
Q3 20200.95%
Q2 20207.07%
Q1 2020-36.29%
Q4 201935.82%
Q3 201912.52%
Q2 20198.18%
Q1 201927.70%
Q4 201861.23%
Q3 2018-10.63%
Q2 2018-17.17%
Q1 2018-14.20%
Q4 201781.40%
Q3 2017-1.31%
Q2 2017-44.40%
Q1 201735.35%
Q4 20161.63%
Q3 201639.89%
Q2 201612.56%
Q1 201639.51%