LIGAND PHARMACEUTICALS INC (LGND) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: November 07, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 9.1% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
20M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

LGND currently has 19.6M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 9.1% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 07, 2025

10-Q filing | 19.6M shares outstanding

20M 0
Aug 08, 2025

10-Q filing | 19.3M shares outstanding

19M 0
May 09, 2025

10-Q filing | 19.2M shares outstanding

19M 0
Feb 28, 2025

10-K filing | 18.3M shares outstanding

18M 0
Nov 08, 2024

10-Q filing | 18.4M shares outstanding

18M 0
Aug 07, 2024

10-Q filing | 18.0M shares outstanding

18M 0
May 08, 2024

10-Q filing | 18.1M shares outstanding

18M 0
May 07, 2024

8-K filing: Ligand Pharmaceuticals Incorporated entered into a Purchase and Sale Agreement with Agenus Inc. to obtain certain royalty rights for an aggregate purchase price of $75 million and Agenus Inc. issued to Ligand a warrant to purchase 867,052 shares of its common stock at an exercise price equal to $17.30.

18M 0
Feb 29, 2024

10-K filing | 17.8M shares outstanding

18M 0
Nov 09, 2023

10-Q filing | 17.4M shares outstanding

17M 0
Aug 09, 2023

10-Q filing | 17.3M shares outstanding

17M 0
May 08, 2023

10-Q filing | 17.1M shares outstanding

17M 0
Feb 28, 2023

10-K filing | 16.9M shares outstanding

17M 0
Nov 08, 2022

10-Q filing | 16.9M shares outstanding

17M 0
Aug 09, 2022

10-Q filing | 16.9M shares outstanding

17M 0
May 09, 2022

10-Q filing | 16.8M shares outstanding

17M 0
Feb 28, 2022

10-K filing | 16.6M shares outstanding

17M 0
Nov 09, 2021

10-Q filing | 16.7M shares outstanding

17M 0
Aug 03, 2021

10-Q filing | 16.7M shares outstanding

17M 0
May 06, 2021

10-Q filing | 16.4M shares outstanding

16M 0
Feb 24, 2021

10-K filing | 16.2M shares outstanding

16M 0
Nov 06, 2020

10-Q filing | 16.1M shares outstanding

16M 0
Aug 07, 2020

10-Q filing | 16.1M shares outstanding

16M 0
May 08, 2020

10-Q filing | 16.5M shares outstanding

17M 0
Apr 06, 2020

8-K filing: The Company repurchased approximately 473,000 shares of its common stock for approximately $37 million pursuant to its previously announced $500 million stock repurchase program during the quarter ended March 31, 2020. ($37.0M proceeds)

17M 0
Feb 27, 2020

10-K filing | 16.5M shares outstanding

17M 0
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime