RIGEL PHARMACEUTICALS INC RIGL
We are a biotechnology company dedicated to developing and providing novel therapies that significantly improve the lives of patients with hematologic disorders and cancer. We focus on products that address signaling pathways that are critical to disease mechanisms.
TAVALISSE® (fostamatinib disodium hexahydrate) is our first FDA-approved product and is the only approved oral spleen tyrosine kinase (SYK) inhibitor for the treatment of adult patients with chronic immune thrombocytopenia (ITP) who have had an insufficient response to a previous treatment. The product is also commercially available in Europe and the United Kingdom (UK) (as TAVLESSE), and in Japan, the Republic of Korea (Korea), Canada and Israel (as TAVALISSE) for the treatment of chronic ITP in adult patients.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $294.3M | $179.3M | $116.9M | $120.2M | $149.2M | $108.6M | $59.3M | $44.5M | $4.5M | $20.4M |
| Cost of revenue | $19.6M | $18.6M | $7.1M | $1.7M | $1.1M | $895.0K | $906.0K | $287.0K | — | — |
| Gross profit | $274.7M | $160.6M | $109.8M | $118.5M | $148.2M | $107.7M | $58.4M | $44.2M | — | — |
| R&D | $33.3M | $23.4M | $24.5M | — | — | — | — | — | — | — |
| SG&A | $115.9M | $113.1M | $105.7M | $112.5M | $91.9M | $76.6M | $74.6M | $70.0M | $37.8M | $20.9M |
| Total operating expenses | $168.8M | $155.1M | $137.4M | $175.8M | $161.7M | $137.6M | $128.4M | $117.2M | $84.1M | $90.1M |
| Operating income | $125.5M | $24.2M | -$20.5M | -$55.5M | -$12.5M | -$29.0M | -$69.1M | -$72.7M | -$79.6M | -$69.7M |
| Interest expense | $7.3M | $7.9M | $6.9M | $3.7M | $4.9M | $1.4M | $335.0K | — | — | — |
| Pre-tax income | $121.8M | $18.4M | -$25.1M | -$58.6M | -$17.3M | -$29.7M | -$66.9M | -$70.5M | -$78.0M | -$69.2M |
| Income tax | $245.2M | $881.0K | $0 | — | $605.0K | — | — | $0 | $0 | $0 |
| Net income | $367.0M | $17.5M | -$25.1M | -$58.6M | -$17.9M | -$29.7M | -$66.9M | -$70.5M | -$78.0M | -$69.2M |
| EPS, basic | 20.40 | 0.99 | -1.44 | -3.44 | -0.11 | -0.18 | -0.40 | — | — | — |
| EPS, diluted | 19.48 | 0.99 | -1.44 | -3.44 | -0.11 | -0.18 | -0.40 | -0.44 | -0.62 | -0.73 |
| Shares, diluted (wtd. avg.) | 18.8M | 17.7M | 17.4M | 17.0M | 170.5M | 168.8M | 167.4M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $40.6M | $56.7M | $32.8M | $24.5M | $18.9M | $30.4M | $22.5M | $76.3M | $38.3M | $17.6M |
| Short-term investments | $114.4M | $20.6M | $24.1M | $33.7M | $106.1M | $27.0M | $75.6M | $52.2M | $77.5M | $57.1M |
| Receivables | $51.8M | $41.6M | $30.6M | $40.3M | $15.5M | $16.0M | $10.1M | $4.1M | $0 | $0 |
| Inventory | $11.5M | $6.0M | $5.5M | $9.1M | $6.6M | $1.6M | $1.4M | $894.0K | — | — |
| Total current assets | $240.2M | $135.1M | $99.3M | $115.9M | $154.5M | $89.0M | $119.0M | $137.0M | $117.4M | $76.2M |
| Property, plant and equipment | $30.0K | $92.0K | $165.0K | $857.0K | $2.2M | $2.7M | $2.2M | $1.4M | $875.0K | $1.2M |
| Other intangibles | $24.7M | $27.1M | $13.9M | $14.9M | — | — | — | — | — | — |
| Total assets | $513.6M | $164.0M | $117.2M | $134.3M | $167.3M | $110.4M | $147.6M | $139.1M | $119.1M | $78.1M |
| Accounts payable | $7.2M | $3.3M | $7.1M | $22.5M | $3.8M | $3.7M | $4.2M | $6.4M | $2.6M | $5.6M |
| Total current liabilities | $99.2M | $63.3M | $53.3M | $65.2M | $63.6M | $40.8M | $58.2M | $27.7M | $18.3M | $22.6M |
| Long-term debt | $52.5M | $60.0M | $60.0M | $40.0M | $20.0M | $20.0M | $10.0M | — | — | — |
| Total liabilities | $122.1M | $160.7M | $145.9M | $147.9M | $137.0M | — | — | — | — | — |
| Retained earnings | -$1.02B | -$1.39B | -$1.41B | -$1.38B | -$1.32B | -$1.31B | -$1.28B | -$1.21B | -$1.14B | -$1.06B |
| Total equity | $391.5M | $3.3M | -$28.6M | -$13.6M | $30.4M | $34.0M | $53.8M | $109.9M | $100.6M | $55.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $75.7M | $31.5M | -$5.7M | -$73.8M | $5.9M | -$52.2M | -$41.5M | -$58.8M | -$77.6M | -$75.9M |
| Depreciation and amortisation | $2.4M | $2.2M | $1.2M | $998.0K | $1.2M | $706.0K | $683.0K | $594.0K | $465.0K | $941.0K |
| Stock-based compensation | $12.7M | $12.4M | $8.8M | $12.4M | $9.5M | $7.3M | $9.1M | $7.7M | $6.0M | $7.3M |
| Capital expenditure | — | — | — | $450.0K | $627.0K | $1.3M | $1.5M | $1.1M | $164.0K | $804.0K |
| Investing cash flow | -$92.4M | $4.1M | -$4.3M | $72.8M | -$80.0M | $47.5M | -$23.7M | $25.0M | -$19.5M | $24.9M |
| Financing cash flow | $601.0K | -$11.6M | $18.4M | $6.5M | $62.7M | $12.6M | $11.4M | $71.9M | $117.7M | $25.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001034842-26-000015.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.4M | $4.5M | $44.5M | $59.3M | $108.6M | $149.2M | $120.2M | $116.9M | $179.3M | $294.3M |
| Gross profit | — | — | $44.2M | $58.4M | $107.7M | $148.2M | $118.5M | $109.8M | $160.6M | $274.7M |
| Net income | -$69.2M | -$78.0M | -$70.5M | -$66.9M | -$29.7M | -$17.9M | -$58.6M | -$25.1M | $17.5M | $367.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced Item 2.02
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 2834
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| LLY | ELI LILLY & Co | $1.20T | 55.5x | 44.7% |
| JNJ | JOHNSON & JOHNSON | $635.76B | 23.9x | 6.0% |
| ABBV | AbbVie Inc. | $504.76B | 121.0x | 8.6% |
| MRK | Merck & Co., Inc. | $358.41B | 20.0x | 1.3% |
| ABT | ABBOTT LABORATORIES | $180.63B | 27.9x | 5.7% |
| PFE | PFIZER INC | $171.16B | 22.1x | -1.6% |
| VRTX | VERTEX PHARMACEUTICALS INC / MA | $132.80B | 34.2x | 8.9% |
| BMY | BRISTOL MYERS SQUIBB CO | $125.59B | 17.8x | -0.2% |