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Rigel Pharmaceuticals (RIGL) Financials

Rigel Pharmaceuticals logo
$28.18 -0.22 (-0.77%)
Closing price 10/10/2025 04:00 PM Eastern
Extended Trading
$28.04 -0.14 (-0.50%)
As of 10/10/2025 07:56 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Rigel Pharmaceuticals

Annual Income Statements for Rigel Pharmaceuticals

This table shows Rigel Pharmaceuticals' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
-59 -25 17
Consolidated Net Income / (Loss)
-59 -25 17
Net Income / (Loss) Continuing Operations
-59 -25 17
Total Pre-Tax Income
-59 -25 18
Total Operating Income
-56 -20 24
Total Gross Profit
118 110 161
Total Revenue
120 117 179
Operating Revenue
120 117 179
Total Cost of Revenue
1.75 7.11 19
Operating Cost of Revenue
1.75 7.11 19
Total Operating Expenses
174 130 136
Selling, General & Admin Expense
112 106 113
Research & Development Expense
60 25 23
Restructuring Charge
1.32 0.00 0.00
Total Other Income / (Expense), net
-3.02 -4.60 -5.83
Interest Expense
3.71 6.87 7.92
Interest & Investment Income
0.68 2.27 2.09
Income Tax Expense
0.00 0.00 0.88
Basic Earnings per Share
($3.44) ($1.44) $0.99
Weighted Average Basic Shares Outstanding
17.05M 17.40M 17.58M
Diluted Earnings per Share
($3.44) ($1.44) $0.99
Weighted Average Diluted Shares Outstanding
17.05M 17.40M 17.69M
Weighted Average Basic & Diluted Shares Outstanding
173.65M 175.38M 17.86M

Quarterly Income Statements for Rigel Pharmaceuticals

This table shows Rigel Pharmaceuticals' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
-19 1.40 -14 -6.60 -5.69 0.74 -8.25 -1.03 12 14
Consolidated Net Income / (Loss)
-19 1.40 -14 -6.60 -5.69 0.74 -8.25 -1.03 12 14
Net Income / (Loss) Continuing Operations
-19 1.40 -14 -6.60 -5.69 0.74 -8.25 -1.03 12 14
Total Pre-Tax Income
-19 1.40 -14 -6.60 -5.69 0.74 -8.25 -1.03 12 15
Total Operating Income
-18 2.08 -13 -5.27 -4.47 1.97 -6.97 0.45 14 17
Total Gross Profit
22 51 25 26 27 32 28 34 47 52
Total Revenue
22 51 26 27 28 36 30 37 55 58
Operating Revenue
22 51 26 27 28 36 30 37 55 58
Total Cost of Revenue
0.25 0.34 0.98 1.08 1.27 3.79 2.03 2.81 8.03 5.79
Operating Cost of Revenue
0.25 0.34 0.98 1.08 1.27 3.79 2.03 2.81 8.03 5.79
Total Operating Expenses
41 49 38 31 31 30 34 34 33 35
Selling, General & Admin Expense
26 32 28 26 25 27 28 28 27 30
Research & Development Expense
15 15 10 4.77 6.48 3.19 6.03 5.54 6.18 5.63
Total Other Income / (Expense), net
-0.63 -0.68 -0.81 -1.33 -1.23 -1.23 -1.28 -1.48 -1.64 -1.43
Interest Expense
0.83 1.11 1.20 1.86 1.90 1.91 1.87 2.03 2.06 1.96
Interest & Investment Income
0.19 0.43 0.39 0.53 0.67 0.68 0.59 0.55 0.43 0.52
Basic Earnings per Share
($0.11) $0.08 ($0.08) ($0.38) ($0.33) $0.04 ($0.05) ($0.06) $0.71 $0.82
Weighted Average Basic Shares Outstanding
172.84M 17.05M 173.57M 17.36M 17.44M 17.40M 175.20M 17.55M 17.60M 17.58M
Diluted Earnings per Share
($0.11) $0.08 ($0.08) ($0.38) ($0.33) $0.04 ($0.05) ($0.06) $0.70 $0.82
Weighted Average Diluted Shares Outstanding
172.84M 17.05M 173.57M 17.36M 17.44M 17.40M 175.20M 17.55M 17.65M 17.69M
Basic & Diluted Earnings per Share
- $0.08 - - - $0.04 - - - $0.82
Weighted Average Basic & Diluted Shares Outstanding
172.84M 173.65M 173.67M 174.36M 174.37M 175.38M 175.41M 17.59M 17.62M 17.86M

Annual Cash Flow Statements for Rigel Pharmaceuticals

This table details how cash moves in and out of Rigel Pharmaceuticals' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
5.57 8.33 24
Net Cash From Operating Activities
-74 -5.74 31
Net Cash From Continuing Operating Activities
-74 -5.74 31
Net Income / (Loss) Continuing Operations
-59 -25 17
Consolidated Net Income / (Loss)
-59 -25 17
Depreciation Expense
1.00 1.24 2.23
Amortization Expense
-0.06 -0.48 -0.71
Non-Cash Adjustments To Reconcile Net Income
13 9.07 12
Changes in Operating Assets and Liabilities, net
-29 9.52 0.15
Net Cash From Investing Activities
73 -4.30 4.13
Net Cash From Continuing Investing Activities
73 -4.30 4.13
Purchase of Property, Plant & Equipment
- 0.00 -0.04
Acquisitions
0.00 -15 -0.36
Purchase of Investments
-29 -31 -35
Sale of Property, Plant & Equipment
0.89 0.26 0.10
Sale and/or Maturity of Investments
101 42 40
Net Cash From Financing Activities
6.55 18 -12
Net Cash From Continuing Financing Activities
6.55 18 -12
Issuance of Debt
20 20 0.00
Issuance of Common Equity
2.12 1.05 1.96
Other Financing Activities, net
-15 -2.63 -14
Cash Interest Paid
2.50 5.85 7.04
Cash Income Taxes Paid
0.00 0.00 0.33

Quarterly Cash Flow Statements for Rigel Pharmaceuticals

This table details how cash moves in and out of Rigel Pharmaceuticals' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents
2.67 -5.41 16 8.53 -3.40 -13 -7.21 10 16 5.05
Net Cash From Operating Activities
-13 -22 -4.07 5.93 -1.36 -6.24 -5.01 0.30 22 15
Net Cash From Continuing Operating Activities
-13 -22 -4.07 5.93 -1.36 -6.24 -5.01 0.30 22 15
Net Income / (Loss) Continuing Operations
-19 1.40 -14 -6.60 -5.69 0.74 -8.25 -1.03 12 14
Consolidated Net Income / (Loss)
-19 1.40 -14 -6.60 -5.69 0.74 -8.25 -1.03 12 14
Depreciation Expense
0.24 0.28 0.36 0.30 0.29 0.29 0.40 0.61 0.61 0.60
Amortization Expense
0.01 -0.18 -0.07 -0.05 -0.11 -0.26 -0.21 -0.16 -0.07 -0.28
Non-Cash Adjustments To Reconcile Net Income
2.50 4.41 3.11 2.22 1.92 1.82 5.13 2.53 2.62 2.03
Changes in Operating Assets and Liabilities, net
2.99 -28 6.07 10 2.23 -8.83 -2.10 -1.65 6.10 -2.20
Net Cash From Investing Activities
10 19 0.78 2.97 -1.17 -6.87 0.31 11 3.80 -11
Net Cash From Continuing Investing Activities
10 19 0.78 2.97 -1.17 -6.87 0.31 11 3.80 -11
Purchase of Property, Plant & Equipment
-0.19 - - - - - - - - -0.03
Purchase of Investments
-19 -2.85 0.00 -8.78 -9.44 -13 -7.80 -7.55 -2.21 -18
Sale of Property, Plant & Equipment
0.28 0.35 0.13 - 0.02 0.11 0.00 - 0.03 0.07
Sale and/or Maturity of Investments
29 21 16 12 8.25 6.00 8.25 19 6.00 6.75
Net Cash From Financing Activities
5.51 -2.10 19 -0.37 -0.87 0.49 -2.51 -0.75 -9.84 1.47
Net Cash From Continuing Financing Activities
5.51 -2.10 19 -0.37 -0.87 0.49 -2.51 -0.75 -9.84 1.47
Issuance of Common Equity
- 0.59 0.00 0.55 0.01 0.49 0.09 0.25 0.16 1.47
Cash Interest Paid
0.60 0.95 1.01 1.47 1.68 1.68 1.68 1.77 1.84 1.75

Annual Balance Sheets for Rigel Pharmaceuticals

This table presents Rigel Pharmaceuticals' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets
134 117 164
Total Current Assets
116 99 135
Cash & Equivalents
24 33 57
Short-Term Investments
34 24 21
Accounts Receivable
40 31 42
Inventories, net
9.12 5.52 6.00
Prepaid Expenses
8.26 6.26 10
Plant, Property, & Equipment, net
0.86 0.17 0.09
Total Noncurrent Assets
18 18 29
Goodwill
15 14 27
Other Noncurrent Operating Assets
2.57 3.92 1.68
Total Liabilities & Shareholders' Equity
134 117 164
Total Liabilities
148 146 161
Total Current Liabilities
65 53 63
Short-Term Debt
0.00 7.23 7.27
Accounts Payable
23 7.14 3.34
Accrued Expenses
14 8.85 14
Current Deferred Revenue
1.37 1.36 1.36
Current Employee Benefit Liabilities
8.87 8.68 10
Other Current Liabilities
18 20 27
Total Noncurrent Liabilities
83 93 97
Long-Term Debt
39 52 52
Capital Lease Obligations
0.97 0.29 0.00
Other Noncurrent Operating Liabilities
42 40 45
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-14 -29 3.29
Total Preferred & Common Equity
-14 -29 3.29
Preferred Stock
0.00 0.00 0.00
Total Common Equity
-14 -29 3.29
Common Stock
1,369 1,379 1,393
Retained Earnings
-1,382 -1,408 -1,390
Accumulated Other Comprehensive Income / (Loss)
-0.15 0.01 0.01

Quarterly Balance Sheets for Rigel Pharmaceuticals

This table presents Rigel Pharmaceuticals' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets
116 124 117 115 127 128 139
Total Current Assets
110 107 101 95 92 95 106
Cash & Equivalents
30 40 49 45 26 36 52
Short-Term Investments
52 18 16 17 24 13 9.42
Accounts Receivable
16 29 21 24 28 29 31
Inventories, net
7.12 11 11 6.11 6.58 8.06 4.78
Prepaid Expenses
6.16 7.87 4.97 3.02 8.85 8.66 9.99
Plant, Property, & Equipment, net
1.69 0.29 0.22 0.19 0.14 0.12 0.10
Total Noncurrent Assets
3.48 16 16 20 34 34 33
Goodwill
- 15 14 14 29 28 28
Other Noncurrent Operating Assets
3.48 1.67 1.54 5.96 5.03 5.30 5.17
Total Liabilities & Shareholders' Equity
116 124 117 115 127 128 139
Total Liabilities
135 148 145 147 158 158 154
Total Current Liabilities
47 46 44 48 73 59 54
Short-Term Debt
- - - - 15 0.00 0.00
Accounts Payable
2.72 6.30 5.24 8.00 9.28 6.13 3.82
Accrued Expenses
25 12 11 11 9.56 11 14
Current Deferred Revenue
1.37 1.37 1.36 1.36 1.36 1.36 1.36
Current Employee Benefit Liabilities
8.77 5.66 6.74 8.09 5.25 6.37 7.92
Other Current Liabilities
9.23 20 20 20 33 34 28
Total Noncurrent Liabilities
88 102 101 99 85 100 100
Long-Term Debt
39 59 60 60 45 60 60
Capital Lease Obligations
0.00 0.80 0.63 0.47 0.10 0.00 0.00
Other Noncurrent Operating Liabilities
49 42 41 39 40 40 40
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-20 -24 -28 -32 -32 -30 -15
Total Preferred & Common Equity
-20 -24 -28 -32 -32 -30 -15
Total Common Equity
-20 -24 -28 -32 -32 -30 -15
Common Stock
1,364 1,372 1,375 1,376 1,384 1,387 1,390
Retained Earnings
-1,384 -1,396 -1,403 -1,408 -1,416 -1,417 -1,404
Accumulated Other Comprehensive Income / (Loss)
-0.29 -0.03 -0.03 -0.02 -0.01 -0.01 0.01

Annual Metrics And Ratios for Rigel Pharmaceuticals

This table displays calculated financial ratios and metrics derived from Rigel Pharmaceuticals' official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - -
Revenue Growth
-19.43% -2.79% 53.38%
EBITDA Growth
-394.39% 63.87% 230.30%
EBIT Growth
-344.54% 63.11% 218.06%
NOPAT Growth
-344.54% 63.11% 260.57%
Net Income Growth
-226.97% 57.16% 169.69%
EPS Growth
-226.97% 57.16% 168.75%
Operating Cash Flow Growth
-1,354.81% 92.21% 647.99%
Free Cash Flow Firm Growth
-212.53% 75.36% 158.31%
Invested Capital Growth
57.52% 18.19% 44.13%
Revenue Q/Q Growth
34.54% -11.70% 13.85%
EBITDA Q/Q Growth
29.71% -0.95% 139.68%
EBIT Q/Q Growth
29.73% -0.55% 154.57%
NOPAT Q/Q Growth
29.73% -0.55% 142.36%
Net Income Q/Q Growth
29.10% -2.72% 350.53%
EPS Q/Q Growth
29.10% -2.72% 350.00%
Operating Cash Flow Q/Q Growth
-3.98% 73.18% 193.35%
Free Cash Flow Firm Q/Q Growth
-21.65% 52.49% 236.47%
Invested Capital Q/Q Growth
49.36% 24.57% 10.23%
Profitability Metrics
- - -
Gross Margin
98.55% 93.92% 89.60%
EBITDA Margin
-45.42% -16.88% 14.34%
Operating Margin
-46.20% -17.53% 13.49%
EBIT Margin
-46.20% -17.53% 13.49%
Profit (Net Income) Margin
-48.71% -21.47% 9.75%
Tax Burden Percent
100.00% 100.00% 95.20%
Interest Burden Percent
105.44% 122.45% 75.92%
Effective Tax Rate
0.00% 0.00% 4.80%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00%
Return on Equity (ROE)
-699.05% 118.75% -137.92%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00%
Operating Return on Assets (OROA)
-36.84% -16.29% 17.21%
Return on Assets (ROA)
-38.84% -19.95% 12.44%
Return on Common Equity (ROCE)
-699.05% 118.75% -137.92%
Return on Equity Simple (ROE_SIMPLE)
430.18% 87.60% 531.78%
Net Operating Profit after Tax (NOPAT)
-39 -14 23
NOPAT Margin
-32.34% -12.27% 12.85%
Net Nonoperating Expense Percent (NNEP)
-32.25% -144.92% -75.53%
Return On Investment Capital (ROIC_SIMPLE)
-145.07% -45.91% 36.58%
Cost of Revenue to Revenue
1.45% 6.08% 10.40%
SG&A Expenses to Revenue
93.52% 90.47% 63.06%
R&D to Revenue
50.13% 20.98% 13.04%
Operating Expenses to Revenue
144.74% 111.45% 76.10%
Earnings before Interest and Taxes (EBIT)
-56 -20 24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-55 -20 26
Valuation Ratios
- - -
Price to Book Value (P/BV)
0.00 0.00 90.11
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00
Price to Revenue (P/Rev)
2.16 2.16 1.65
Price to Earnings (P/E)
0.00 0.00 16.95
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 5.90%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
2.01 2.19 1.55
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 10.84
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 11.52
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 12.10
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 8.85
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 23.83
Leverage & Solvency
- - -
Debt to Equity
-2.97 -2.09 18.15
Long-Term Debt to Equity
-2.97 -1.84 15.94
Financial Leverage
-7.28 0.35 0.58
Leverage Ratio
18.00 -5.95 -11.09
Compound Leverage Factor
18.98 -7.29 -8.42
Debt to Total Capital
150.80% 191.68% 94.78%
Short-Term Debt to Total Capital
0.00% 23.14% 11.55%
Long-Term Debt to Total Capital
150.80% 168.54% 83.23%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00%
Common Equity to Total Capital
-50.80% -91.68% 5.22%
Debt to EBITDA
-0.74 -3.04 2.32
Net Debt to EBITDA
0.33 -0.15 -0.69
Long-Term Debt to EBITDA
-0.74 -2.67 2.04
Debt to NOPAT
-1.04 -4.18 2.59
Net Debt to NOPAT
0.46 -0.21 -0.77
Long-Term Debt to NOPAT
-1.04 -3.67 2.28
Altman Z-Score
-13.38 -14.88 -8.66
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00%
Liquidity Ratios
- - -
Current Ratio
1.78 1.86 2.13
Quick Ratio
1.51 1.64 1.88
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
-81 -20 12
Operating Cash Flow to CapEx
0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
-21.96 -2.92 1.48
Operating Cash Flow to Interest Expense
-19.90 -0.84 3.97
Operating Cash Flow Less CapEx to Interest Expense
-19.66 -0.80 3.98
Efficiency Ratios
- - -
Asset Turnover
0.80 0.93 1.28
Accounts Receivable Turnover
4.31 3.30 4.97
Inventory Turnover
0.22 0.97 3.24
Fixed Asset Turnover
79.08 228.73 1,395.16
Accounts Payable Turnover
0.13 0.48 3.56
Days Sales Outstanding (DSO)
84.68 110.66 73.46
Days Inventory Outstanding (DIO)
1,641.77 375.78 112.79
Days Payable Outstanding (DPO)
2,744.60 761.06 102.58
Cash Conversion Cycle (CCC)
-1,018.15 -274.62 83.67
Capital & Investment Metrics
- - -
Invested Capital
-31 -26 -14
Invested Capital Turnover
-2.28 -4.09 -8.95
Increase / (Decrease) in Invested Capital
43 5.71 11
Enterprise Value (EV)
241 256 279
Market Capitalization
259 253 296
Book Value per Share
($0.08) ($0.16) $0.19
Tangible Book Value per Share
($0.17) ($0.24) ($1.35)
Total Capital
27 31 63
Total Debt
40 60 60
Total Long-Term Debt
40 53 52
Net Debt
-18 2.95 -18
Capital Expenditures (CapEx)
-0.89 -0.26 -0.06
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-7.51 -3.71 1.76
Debt-free Net Working Capital (DFNWC)
51 53 79
Net Working Capital (NWC)
51 46 72
Net Nonoperating Expense (NNE)
20 11 5.55
Net Nonoperating Obligations (NNO)
-18 2.95 -18
Total Depreciation and Amortization (D&A)
0.94 0.76 1.52
Debt-free, Cash-free Net Working Capital to Revenue
-6.25% -3.17% 0.98%
Debt-free Net Working Capital to Revenue
42.16% 45.54% 44.11%
Net Working Capital to Revenue
42.16% 39.36% 40.05%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
($3.40) ($1.40) $0.99
Adjusted Weighted Average Basic Shares Outstanding
17.24M 17.40M 17.58M
Adjusted Diluted Earnings per Share
($3.40) ($1.40) $0.99
Adjusted Weighted Average Diluted Shares Outstanding
17.24M 17.40M 17.69M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
17.37M 17.54M 17.86M
Normalized Net Operating Profit after Tax (NOPAT)
-38 -14 23
Normalized NOPAT Margin
-31.57% -12.27% 12.85%
Pre Tax Income Margin
-48.71% -21.47% 10.24%
Debt Service Ratios
- - -
EBIT to Interest Expense
-14.99 -2.98 3.06
NOPAT to Interest Expense
-10.49 -2.09 2.91
EBIT Less CapEx to Interest Expense
-14.74 -2.94 3.06
NOPAT Less CapEx to Interest Expense
-10.25 -2.05 2.92
Payout Ratios
- - -
Dividend Payout Ratio
0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Rigel Pharmaceuticals

This table displays calculated financial ratios and metrics derived from Rigel Pharmaceuticals' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
4.02% 151.25% 55.78% -9.84% 25.54% -30.20% 13.29% 37.03% 96.58% 60.92%
EBITDA Growth
6.65% 110.45% 52.16% 60.34% 76.43% -8.47% 45.55% 117.96% 441.23% 749.57%
EBIT Growth
6.99% 109.71% 51.54% 59.38% 75.74% -5.44% 45.26% 108.49% 414.80% 747.15%
NOPAT Growth
6.99% 113.87% 51.54% 59.38% 75.74% -5.44% 45.26% 108.49% 549.72% 747.15%
Net Income Growth
9.14% 106.19% 50.68% 51.08% 70.10% -47.39% 39.07% 84.39% 318.22% 1,845.86%
EPS Growth
8.33% 106.19% 50.00% 51.08% 70.10% -47.39% 37.50% 84.21% 312.12% 1,950.00%
Operating Cash Flow Growth
-29.17% -14.79% 84.11% 145.93% 89.78% 71.52% -23.05% -94.91% 1,695.22% 332.42%
Free Cash Flow Firm Growth
-142.38% -161.19% -151.35% -199.75% -27.02% 90.74% 89.36% 63.30% 87.08% 241.96%
Invested Capital Growth
15.74% 57.52% 68.07% 48.78% 45.07% 18.19% 5.31% 40.12% 53.06% 44.13%
Revenue Q/Q Growth
-24.85% 128.82% -49.16% 3.13% 4.64% 27.22% -17.48% 24.74% 50.12% 4.14%
EBITDA Q/Q Growth
-43.52% 112.03% -669.41% 59.66% 14.73% 146.73% -438.72% 113.31% 1,520.20% 16.34%
EBIT Q/Q Growth
-41.94% 111.30% -712.07% 58.61% 15.23% 144.03% -454.32% 106.42% 3,044.52% 18.49%
NOPAT Q/Q Growth
-41.94% 116.14% -528.45% 58.61% 15.23% 162.90% -348.03% 106.42% 4,392.17% 18.49%
Net Income Q/Q Growth
-41.10% 107.36% -1,066.17% 51.24% 13.76% 112.95% -1,219.00% 87.51% 1,305.92% 15.46%
EPS Q/Q Growth
-37.50% 107.36% -900.00% 51.24% 13.76% 112.95% 0.00% -20.00% 1,266.67% 17.14%
Operating Cash Flow Q/Q Growth
-3.02% -64.72% 81.40% 245.56% -122.92% -359.16% 19.66% 106.02% 7,078.48% -33.10%
Free Cash Flow Firm Q/Q Growth
-113.01% -65.31% -41.32% 39.76% 9.74% 87.94% -62.26% -107.84% 68.21% 232.42%
Invested Capital Q/Q Growth
1.59% 49.36% 27.93% -42.58% -5.55% 24.57% 16.58% 9.83% 17.26% 10.23%
Profitability Metrics
- - - - - - - - - -
Gross Margin
98.88% 99.33% 96.25% 96.00% 95.49% 89.41% 93.14% 92.38% 85.49% 89.95%
EBITDA Margin
-81.01% 4.26% -47.70% -18.66% -15.21% 5.59% -22.93% 2.45% 26.39% 29.49%
Operating Margin
-82.12% 4.05% -48.81% -19.59% -15.87% 5.49% -23.59% 1.21% 25.41% 28.92%
EBIT Margin
-82.12% 4.05% -48.81% -19.59% -15.87% 5.49% -23.59% 1.21% 25.41% 28.92%
Profit (Net Income) Margin
-84.95% 2.73% -51.92% -24.55% -20.23% 2.06% -27.92% -2.80% 22.46% 24.90%
Tax Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 94.21%
Interest Burden Percent
103.45% 67.39% 106.37% 125.31% 127.48% 37.49% 118.39% -230.43% 88.37% 91.40%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)
-553.79% -699.05% 511.64% 237.62% 94.55% 118.75% 70.81% 49.05% -16.70% -137.92%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)
-48.58% 3.23% -46.39% -20.25% -18.19% 5.11% -22.70% 1.29% 31.42% 36.87%
Return on Assets (ROA)
-50.26% 2.18% -49.35% -25.37% -23.19% 1.91% -26.87% -2.97% 27.77% 31.75%
Return on Common Equity (ROCE)
-553.79% -699.05% 511.64% 237.62% 94.55% 118.75% 70.81% 49.05% -16.70% -137.92%
Return on Equity Simple (ROE_SIMPLE)
416.53% 0.00% 184.13% 134.35% 76.73% 0.00% 62.52% 47.58% -26.52% 0.00%
Net Operating Profit after Tax (NOPAT)
-13 2.08 -8.91 -3.69 -3.13 1.97 -4.88 0.31 14 17
NOPAT Margin
-57.48% 4.05% -34.17% -13.71% -11.11% 5.49% -16.51% 0.85% 25.41% 28.92%
Net Nonoperating Expense Percent (NNEP)
-7.44% -1.11% -12.17% -9.18% -11.56% -16.57% 56.82% 41.74% -91.39% -31.51%
Return On Investment Capital (ROIC_SIMPLE)
- 7.76% - - - 6.29% - - - 26.45%
Cost of Revenue to Revenue
1.12% 0.67% 3.75% 4.00% 4.51% 10.59% 6.86% 7.62% 14.51% 10.05%
SG&A Expenses to Revenue
115.56% 62.74% 106.36% 97.84% 88.35% 75.02% 96.33% 76.13% 48.90% 51.25%
R&D to Revenue
65.44% 29.96% 38.70% 17.75% 23.01% 8.90% 20.40% 15.04% 11.18% 9.78%
Operating Expenses to Revenue
181.00% 95.28% 145.06% 115.59% 111.36% 83.92% 116.73% 91.17% 60.07% 61.03%
Earnings before Interest and Taxes (EBIT)
-18 2.08 -13 -5.27 -4.47 1.97 -6.97 0.45 14 17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-18 2.18 -12 -5.02 -4.28 2.00 -6.77 0.90 15 17
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 90.11
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
2.28 2.16 1.77 1.77 1.42 2.16 2.16 1.11 1.81 1.65
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 73.35 16.95
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.36% 5.90%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
1.81 2.01 1.78 1.74 1.41 2.19 2.24 1.19 1.80 1.55
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 26.41 10.84
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 29.82 11.52
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 29.82 12.10
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 26.41 8.85
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23.83
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
-1.99 -2.97 -2.49 -2.14 -1.89 -2.09 -1.89 -2.00 -4.08 18.15
Long-Term Debt to Equity
-1.99 -2.97 -2.49 -2.14 -1.89 -1.84 -1.42 -2.00 -4.08 15.94
Financial Leverage
-5.54 -7.28 4.36 2.00 0.86 0.35 -0.21 -0.11 0.08 0.58
Leverage Ratio
10.13 18.00 -15.62 -7.71 -4.47 -5.95 -4.47 -4.23 -5.48 -11.09
Compound Leverage Factor
10.48 12.13 -16.61 -9.66 -5.70 -2.23 -5.29 9.75 -4.84 -10.14
Debt to Total Capital
201.02% 150.80% 167.33% 187.62% 212.52% 191.68% 212.63% 200.46% 132.43% 94.78%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 23.14% 52.56% 0.00% 0.00% 11.55%
Long-Term Debt to Total Capital
201.02% 150.80% 167.33% 187.62% 212.52% 168.54% 160.07% 200.46% 132.43% 83.23%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
-101.02% -50.80% -67.33% -87.62% -112.52% -91.68% -112.63% -100.46% -32.43% 5.22%
Debt to EBITDA
-0.51 -0.74 -1.47 -1.80 -3.08 -3.04 -4.25 -7.33 5.57 2.32
Net Debt to EBITDA
0.54 0.33 -0.04 0.12 0.11 -0.15 -0.73 -1.30 -0.13 -0.69
Long-Term Debt to EBITDA
-0.51 -0.74 -1.47 -1.80 -3.08 -2.67 -3.20 -7.33 5.57 2.04
Debt to NOPAT
-0.71 -1.04 -2.05 -2.51 -4.22 -4.18 -5.80 -9.46 6.29 2.59
Net Debt to NOPAT
0.76 0.46 -0.06 0.17 0.16 -0.21 -0.99 -1.68 -0.14 -0.77
Long-Term Debt to NOPAT
-0.71 -1.04 -2.05 -2.51 -4.22 -3.67 -4.36 -9.46 6.29 2.28
Altman Z-Score
-14.95 -11.96 -13.58 -14.33 -14.82 -14.25 -13.73 -13.54 -11.08 -8.81
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
2.34 1.78 2.35 2.29 1.97 1.86 1.26 1.62 1.96 2.13
Quick Ratio
2.06 1.51 1.93 1.93 1.78 1.64 1.05 1.33 1.69 1.88
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-24 -40 -57 -34 -31 -3.75 -6.08 -13 -4.02 5.32
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
-29.62 -36.53 -47.47 -18.49 -16.36 -1.96 -3.24 -6.23 -1.95 2.72
Operating Cash Flow to Interest Expense
-16.10 -19.79 -3.38 3.18 -0.72 -3.27 -2.68 0.15 10.52 7.42
Operating Cash Flow Less CapEx to Interest Expense
-15.99 -19.48 -3.28 3.18 -0.70 -3.21 -2.68 0.15 10.54 7.44
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.59 0.80 0.95 1.03 1.15 0.93 0.96 1.06 1.24 1.28
Accounts Receivable Turnover
5.86 4.31 5.81 6.66 6.78 3.30 4.23 5.24 5.82 4.97
Inventory Turnover
0.27 0.22 0.29 0.31 0.55 0.97 0.92 1.05 3.06 3.24
Fixed Asset Turnover
41.10 79.08 106.47 123.74 140.52 228.73 554.59 789.70 1,089.79 1,395.16
Accounts Payable Turnover
0.65 0.13 0.48 0.72 0.68 0.48 1.05 1.74 2.82 3.56
Days Sales Outstanding (DSO)
62.31 84.68 62.82 54.78 53.87 110.66 86.25 69.64 62.72 73.46
Days Inventory Outstanding (DIO)
1,363.55 1,641.77 1,249.90 1,173.41 659.23 375.78 394.98 347.67 119.45 112.79
Days Payable Outstanding (DPO)
565.13 2,744.60 764.26 510.43 534.24 761.06 348.33 209.81 129.51 102.58
Cash Conversion Cycle (CCC)
860.73 -1,018.15 548.46 717.76 178.86 -274.62 132.90 207.50 52.66 83.67
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
-62 -31 -23 -32 -34 -26 -21 -19 -16 -14
Invested Capital Turnover
-1.32 -2.28 -2.77 -2.66 -2.76 -4.09 -5.46 -5.05 -6.29 -8.95
Increase / (Decrease) in Invested Capital
12 43 48 31 28 5.71 1.20 13 18 11
Enterprise Value (EV)
162 241 231 220 186 256 270 155 283 279
Market Capitalization
204 259 229 224 188 253 260 144 285 296
Book Value per Share
($0.11) ($0.08) ($0.14) ($0.16) ($0.18) ($0.16) ($0.18) ($0.17) ($0.83) $0.19
Tangible Book Value per Share
($0.11) ($0.17) ($0.22) ($0.24) ($0.26) ($0.24) ($0.35) ($0.33) ($2.41) ($1.35)
Total Capital
20 27 36 32 28 31 28 30 45 63
Total Debt
39 40 60 60 60 60 60 60 60 60
Total Long-Term Debt
39 40 60 60 60 53 45 60 60 52
Net Debt
-42 -18 1.62 -4.16 -2.23 2.95 10 11 -1.35 -18
Capital Expenditures (CapEx)
-0.09 -0.35 -0.13 0.00 -0.02 -0.11 0.00 0.00 -0.03 -0.05
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-18 -7.51 2.79 -7.46 -16 -3.71 -15 -13 -8.96 1.76
Debt-free Net Working Capital (DFNWC)
63 51 61 57 47 53 34 36 52 79
Net Working Capital (NWC)
63 51 61 57 47 46 19 36 52 72
Net Nonoperating Expense (NNE)
6.15 0.68 4.63 2.91 2.57 1.23 3.37 1.34 1.64 2.31
Net Nonoperating Obligations (NNO)
-42 -18 1.62 -4.16 -2.23 2.95 10 11 -1.35 -18
Total Depreciation and Amortization (D&A)
0.25 0.11 0.29 0.25 0.19 0.03 0.20 0.45 0.54 0.33
Debt-free, Cash-free Net Working Capital to Revenue
-20.66% -6.25% 2.15% -5.89% -11.79% -3.17% -12.86% -10.00% -5.69% 0.98%
Debt-free Net Working Capital to Revenue
70.69% 42.16% 47.43% 44.93% 35.32% 45.54% 28.31% 27.69% 33.12% 44.11%
Net Working Capital to Revenue
70.69% 42.16% 47.43% 44.93% 35.32% 39.36% 16.03% 27.69% 33.12% 40.05%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($1.10) $0.80 ($0.80) ($0.40) ($0.30) $0.40 ($0.50) ($0.06) $0.71 $0.82
Adjusted Weighted Average Basic Shares Outstanding
17.28M 1.70M 17.36M 17.37M 17.44M 1.74M 17.52M 17.55M 17.60M 17.58M
Adjusted Diluted Earnings per Share
($1.10) $0.80 ($0.80) ($0.40) ($0.30) $0.40 ($0.50) ($0.06) $0.70 $0.82
Adjusted Weighted Average Diluted Shares Outstanding
17.28M 1.70M 17.36M 17.37M 17.44M 1.74M 17.52M 17.55M 17.65M 17.69M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.80 $0.00 $0.00 $0.00 $0.40 $0.00 $0.00 $0.00 $0.82
Adjusted Weighted Average Basic & Diluted Shares Outstanding
17.28M 17.37M 17.37M 17.44M 17.44M 17.54M 17.54M 17.59M 17.62M 17.86M
Normalized Net Operating Profit after Tax (NOPAT)
-13 1.46 -8.91 -3.69 -3.13 1.38 -4.88 0.31 9.84 12
Normalized NOPAT Margin
-57.48% 2.84% -34.17% -13.71% -11.11% 3.85% -16.51% 0.85% 17.79% 20.24%
Pre Tax Income Margin
-84.95% 2.73% -51.92% -24.55% -20.23% 2.06% -27.92% -2.80% 22.46% 26.43%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
-22.28 1.88 -10.57 -2.83 -2.35 1.03 -3.72 0.22 6.82 8.52
NOPAT to Interest Expense
-15.60 1.88 -7.40 -1.98 -1.65 1.03 -2.60 0.15 6.82 8.52
EBIT Less CapEx to Interest Expense
-22.17 2.19 -10.46 -2.83 -2.34 1.09 -3.72 0.22 6.84 8.54
NOPAT Less CapEx to Interest Expense
-15.49 2.19 -7.29 -1.98 -1.63 1.09 -2.60 0.15 6.84 8.54
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Rigel Pharmaceuticals (NASDAQ: RIGL) Recent Financial Analysis Summary:

Rigel Pharmaceuticals has shown a trend of increasing revenues and improving profitability over the most recent quarters of 2024 compared to 2023 and earlier periods. The company’s operating revenues have steadily risen from around $26 million in Q1 2023 to nearly $58 million by Q4 2024. This growth has translated into a positive net income in the last two quarters, reversing prior quarterly losses experienced in 2023 and early 2024.

Key Positive Developments:

  • Revenue growth: Operating revenue increased significantly from $26.07 million in Q1 2023 to $57.6 million in Q4 2024.
  • Profitability turnaround: Net income turned positive with $14.3 million in Q4 2024 compared to net losses in 2023, showing operational improvements.
  • Gross profit expansion: Gross profit rose notably, with $51.8 million in Q4 2024 compared to $25.1 million in Q1 2023, indicating improved cost management or better pricing.
  • Operating income improvement: Operating income swung positive to about $16.7 million in Q4 2024 from negative $12.7 million in Q1 2023.
  • Operating cash flows: Net cash from continuing operating activities consistently turned positive and strong, e.g., $14.5 million in Q4 2024 and $21.7 million in Q3 2024, indicating solid cash generation.
  • Equity financing: Modest issuances of common equity in recent quarters helped bolster liquidity without excessive dilution (e.g., $1.47 million in Q4 2024).
  • Careful investment activity: Sale and maturity of investments in recent quarters have added cash inflows, offsetting purchases, supporting liquidity management.

Neutral Factors to Watch:

  • High SG&A and R&D expenses: Selling, general, and administrative expenses along with research and development remain substantial but show some moderation relative to revenue growth.
  • Stable share count: Weighted average shares outstanding have remained fairly steady around 17.5-17.7 million, supporting EPS comparability.
  • Capital expenditures are relatively low, indicating little expansion in fixed assets.

Potential Headwinds and Risks:

  • Significant interest expenses: Interest expenses remain in the $1.2-$2.1 million range per quarter, reducing net income and cash flow, linked to high long-term debt levels.
  • Negative equity position: Total common equity remains negative (e.g., -$31.7 million in Q1 2024 and -$29.9 million in Q2 2024), signaling cumulative losses and financial leverage concerns.
  • Large long-term debt: Long-term debt stands around $59-60 million throughout 2023-2024, creating ongoing debt servicing obligations and financial risk.
  • Volatile cash from financing activities: Wide swings in financing cash flows, including large repayments and issuances, contribute to financial uncertainty.
  • Net losses in most of 2023 and early 2024 before recent recovery indicate past operational challenges.

Summary: Rigel Pharmaceuticals has demonstrated encouraging top-line growth and a return to profitability in late 2024 after a difficult 2023 and early 2024 characterized by losses and weak cash flows. Strong operating cash flow generation and revenue expansion highlight improving business fundamentals. However, the company continues to face significant financial leverage, sustained interest expenses, and a negative equity base, which may pose risks to financial stability. Investors should weigh these improving operational metrics against the company’s debt profile and past volatility.

10/11/25 10:42 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Rigel Pharmaceuticals' Financials

When does Rigel Pharmaceuticals' financial year end?

According to the most recent income statement we have on file, Rigel Pharmaceuticals' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Rigel Pharmaceuticals' net income changed over the last 2 years?

Rigel Pharmaceuticals' net income appears to be on a downward trend, with a most recent value of $17.49 million in 2024, falling from -$58.57 million in 2022. The previous period was -$25.09 million in 2023. See where experts think Rigel Pharmaceuticals is headed by visiting Rigel Pharmaceuticals' forecast page.

What is Rigel Pharmaceuticals' operating income?
Rigel Pharmaceuticals' total operating income in 2024 was $24.19 million, based on the following breakdown:
  • Total Gross Profit: $160.63 million
  • Total Operating Expenses: $136.44 million
How has Rigel Pharmaceuticals' revenue changed over the last 2 years?

Over the last 2 years, Rigel Pharmaceuticals' total revenue changed from $120.24 million in 2022 to $179.28 million in 2024, a change of 49.1%.

How much debt does Rigel Pharmaceuticals have?

Rigel Pharmaceuticals' total liabilities were at $160.69 million at the end of 2024, a 10.2% increase from 2023, and a 8.7% increase since 2022.

How much cash does Rigel Pharmaceuticals have?

In the past 2 years, Rigel Pharmaceuticals' cash and equivalents has ranged from $24.46 million in 2022 to $56.75 million in 2024, and is currently $56.75 million as of their latest financial filing in 2024.

How has Rigel Pharmaceuticals' book value per share changed over the last 2 years?

Over the last 2 years, Rigel Pharmaceuticals' book value per share changed from -0.08 in 2022 to 0.19 in 2024, a change of -336.9%.



This page (NASDAQ:RIGL) was last updated on 10/11/2025 by MarketBeat.com Staff
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