Rigel Pharmaceuticals, Inc. (RIGL) Balance Sheet
RIGL balance sheet, 2025
December 31, 2025 · U.S. dollars$513.6M assets = $122.1M liabilities + $391.5M equity
Both columns are drawn to the same scale: what RIGL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RIGL financial health
Descriptive bands, not a rating. Fiscal 2025.
RIGL balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $78.1M2016 | $513.6M2025 | +23.3%/yr | |
| Total liabilities | $23.1M2016 | $122.1M2025 | +20.3%/yr | |
| Shareholders’ equity | $55.0M2016 | $391.5M2025 | +24.4%/yr | |
| Cash & short-term investments | $74.8M2016 | $155.0M2025 | +8.4%/yr | |
| Total debt | $3.5M2016 | $53.3M2025 | +35.5%/yr | |
| Net cash (debt) | $71.3M2016 | $101.7M2025 | +$30.3M | |
| Working capital | $53.6M2016 | $140.9M2025 | +$87.3M | |
| Book value per share | $5.832016 | $20.782025 | +15.2%/yr | |
| Current ratio | 3.372016 | 2.422025 | −0.95 | |
| Debt / equity | 0.062016 | 0.142025 | +0.07 | |
| Shares outstanding | 9.4M2016 | 18.8M2025 | +8.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RIGL assets
RIGL liabilities and equity
RIGL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RIGL balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $155.0M | $77.3M | $56.9M | $58.2M | $125.0M | $57.3M | $98.1M | $128.5M | $115.8M | $74.8M |
| Cash & 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 | $894,000 | $0 | $0 |
| Other current assets | $21.9M | $10.2M | $6.3M | $8.3M | $7.4M | $14.0M | $9.5M | $3.5M | $1.7M | $1.4M |
| 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 & equipment (net) | $920,000 | $338,000 | $1.0M | $2.8M | $11.9M | $20.6M | $27.9M | $1.4M | $875,000 | $1.2M |
| Goodwill & intangible assets | $24.7M | $27.1M | $13.9M | $14.9M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $247.8M | $1.4M | $3.1M | $640,000 | $974,000 | $824,000 | $696,000 | $735,000 | $803,000 | $764,000 |
| Total assets | $513.6M | $164.0M | $117.2M | $134.3M | $167.3M | $110.4M | $147.6M | $139.1M | $119.1M | $78.1M |
| Liabilities | ||||||||||
| Accounts payable | $7.2M | $3.3M | $7.1M | $22.5M | $3.8M | $3.7M | $4.2M | $6.4M | $2.6M | $5.6M |
| Short-term debt | $30.4M | $7.6M | $7.9M | $1.1M | $9.9M | $8.6M | $7.3M | — | $284,000 | $3.2M |
| Deferred revenue | $1.4M | $27.8M | $17.0M | $13.5M | $10.5M | $3.0M | $25.3M | $1.0M | −$284,000 | −$3.2M |
| 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 | $22.5M | $52.4M | $52.4M | $39.4M | $19.9M | $19.8M | $9.8M | $0 | $0 | $0 |
| Lease obligations | $1.0M | $285,000 | $977,000 | $2.1M | $10.7M | $19.3M | $26.5M | — | — | — |
| Other long-term liabilities | $395,000 | $45.0M | $40.2M | $43.2M | $53.5M | $15.7M | $25.7M | $1.5M | $128,000 | $519,000 |
| Total liabilities | $122.1M | $160.7M | $145.9M | $147.9M | $137.0M | $76.4M | $93.8M | $29.2M | $18.5M | $23.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $18,000 | $18,000 | $17,000 | $174,000 | $172,000 | $169,000 | $168,000 | $167,000 | $147,000 | $100,000 |
| Retained earnings (deficit) | −$1.02B | −$1.39B | −$1.41B | −$1.38B | −$1.32B | −$1.31B | −$1.28B | −$1.21B | −$1.14B | −$1.06B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $181,000 | $10,000 | $8,000 | −$153,000 | −$102,000 | −$4,000 | $23,000 | −$24,000 | −$82,000 | −$18,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $391.5M | $3.3M | −$28.6M | −$13.6M | $30.4M | $34.0M | $53.8M | $109.9M | $100.6M | $55.0M |
| Key figures | ||||||||||
| Total debt | $53.3M | $60.0M | $60.6M | $41.6M | $30.6M | $39.1M | $36.3M | — | $284,000 | $3.5M |
| Net cash (debt) | $101.7M | $17.4M | −$3.6M | $16.7M | $94.4M | $18.2M | $61.8M | — | $115.5M | $71.3M |
| Working capital | $140.9M | $71.8M | $46.0M | $50.7M | $90.9M | $48.1M | $60.8M | $109.3M | $99.1M | $53.6M |
| Tangible book value | $366.7M | −$23.8M | −$42.5M | −$28.6M | $30.4M | $34.0M | $53.8M | $109.9M | $100.6M | $55.0M |
| Book value per share | $20.78 | $0.19 | −$1.65 | −$0.79 | $1.78 | $2.02 | $3.21 | $6.84 | $7.97 | $5.83 |
| Shares outstanding | 18.8M | 17.7M | 17.4M | 17.2M | 17.0M | 16.9M | 16.7M | 16.1M | 12.6M | 9.4M |
| Current ratio | 2.42 | 2.13 | 1.86 | 1.78 | 2.43 | 2.18 | 2.04 | 4.94 | 6.40 | 3.37 |
| Quick ratio | 2.08 | 1.88 | 1.64 | 1.51 | 2.21 | 1.79 | 1.86 | 4.78 | 6.31 | 3.31 |
| Debt / equity | 0.14 | 18.24 | — | — | 1.01 | 1.15 | 0.67 | — | 0.00 | 0.06 |
| Equity / assets | 76.2% | 2.0% | −24.4% | −10.1% | 18.2% | 30.8% | 36.5% | 79.0% | 84.5% | 70.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $95.3M | $146.7M | $155.0M | $137.1M | $108.4M | $77.1M | $77.3M | $61.1M | $49.1M | $49.5M | $56.9M | $62.4M |
| Cash & equivalents | $60.8M | $24.4M | $40.6M | $48.5M | $53.4M | $45.7M | $56.7M | $51.7M | $36.1M | $25.6M | $32.8M | $45.4M |
| Short-term investments | $34.5M | $122.3M | $114.4M | $88.6M | $55.0M | $31.4M | $20.6M | $9.4M | $13.0M | $24.0M | $24.1M | $16.9M |
| Receivables | $56.0M | $49.9M | $51.8M | $45.9M | $39.9M | $41.5M | $41.6M | $30.6M | $28.9M | $27.5M | $30.6M | $23.5M |
| Inventory | $14.4M | $11.7M | $11.5M | $20.6M | $10.4M | $4.7M | $6.0M | $4.8M | $8.1M | $6.6M | $5.5M | $6.1M |
| Other current assets | $19.8M | $25.7M | $21.9M | $11.2M | $16.7M | $23.3M | $10.2M | $10.0M | $8.7M | $8.8M | $6.3M | $3.0M |
| Total current assets | $185.5M | $234.0M | $240.2M | $214.9M | $175.4M | $146.6M | $135.1M | $106.5M | $94.7M | $92.5M | $99.3M | $95.0M |
| Property, plant & equipment (net) | $647,000 | $785,000 | $920,000 | $1.1M | $1.2M | $1.4M | $338,000 | $504,000 | $675,000 | $852,000 | $1.0M | $1.2M |
| Goodwill & intangible assets | $93.9M | $24.2M | $24.7M | $25.3M | $25.9M | $26.5M | $27.1M | $27.7M | $28.3M | $28.9M | $13.9M | $14.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $241.0M | $245.6M | $247.8M | $1.2M | $4.2M | $1.5M | $1.4M | $4.8M | $4.7M | $4.3M | $3.1M | $5.0M |
| Total assets | $521.1M | $504.6M | $513.6M | $242.5M | $206.7M | $176.0M | $164.0M | $139.4M | $128.4M | $126.5M | $117.2M | $115.3M |
| Liabilities | ||||||||||||
| Accounts payable | $4.0M | $4.5M | $7.2M | $3.8M | $7.3M | $4.0M | $3.3M | $3.8M | $6.1M | $9.3M | $7.1M | $8.0M |
| Short-term debt | $39.9M | $30.5M | $30.4M | $30.4M | $22.9M | $15.3M | $7.6M | $466,000 | $639,000 | $15.5M | $7.9M | $673,000 |
| Deferred revenue | $28.0M | — | $1.4M | $1.4M | $30.9M | $1.4M | $27.8M | $1.4M | $1.4M | $1.4M | $17.0M | $1.4M |
| Total current liabilities | $95.4M | $89.5M | $99.2M | $94.4M | $86.6M | $66.6M | $63.3M | $54.3M | $58.6M | $73.2M | $53.3M | $48.3M |
| Long-term debt | $0 | $15.0M | $22.5M | $30.0M | $37.5M | $44.9M | $52.4M | $59.8M | $59.7M | $44.9M | $52.4M | $59.7M |
| Lease obligations | $714,000 | $864,000 | $1.0M | $1.1M | $1.2M | $1.3M | $285,000 | $466,000 | $639,000 | $809,000 | $977,000 | $1.1M |
| Other long-term liabilities | $58,000 | $227,999 | $395,000 | $555,999 | $714,000 | $45.8M | $45.0M | $40.0M | $40.0M | $40.1M | $40.2M | $39.2M |
| Total liabilities | $95.4M | $104.7M | $122.1M | $124.9M | $124.8M | $157.4M | $160.7M | $154.1M | $158.3M | $158.2M | $145.9M | $147.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $17,000 | $17,000 | $175,000 | $17,000 | $175,000 |
| Retained earnings (deficit) | −$997.1M | −$1.01B | −$1.02B | −$1.29B | −$1.32B | −$1.38B | −$1.39B | −$1.40B | −$1.42B | −$1.42B | −$1.41B | −$1.41B |
| Accumulated other comprehensive income | −$148,000 | −$128,000 | $181,000 | $95,999 | $6,000 | −$2,000 | $10,000 | $11,000 | −$9,000 | −$5,000 | $8,000 | −$15,000 |
| Total shareholders' equity | $425.4M | $399.9M | $391.5M | $117.6M | $81.9M | $18.6M | $3.3M | −$14.6M | −$29.9M | −$31.7M | −$28.6M | −$31.8M |
| Key figures | ||||||||||||
| Total debt | $40.0M | $45.7M | $53.3M | $60.9M | $61.0M | $61.1M | $60.0M | $60.2M | $60.3M | $60.5M | $60.6M | $60.8M |
| Net cash (debt) | $55.4M | $101.0M | $101.7M | $76.3M | $47.3M | $16.0M | $17.4M | $886,000 | −$11.2M | −$10.9M | −$3.6M | $1.6M |
| Working capital | $90.2M | $144.5M | $140.9M | $120.5M | $88.8M | $79.9M | $71.8M | $52.2M | $36.1M | $19.3M | $46.0M | $46.8M |
| Tangible book value | $331.5M | $375.7M | $366.7M | $92.3M | $56.0M | −$7.9M | −$23.8M | −$42.3M | −$58.2M | −$60.5M | −$42.5M | −$46.0M |
| Book value per share | $21.74 | $20.31 | $20.78 | $6.14 | $4.51 | $1.02 | $0.18 | −$0.83 | −$1.70 | −$1.81 | −$1.64 | −$1.83 |
| Shares outstanding | 19.6M | 19.7M | 18.8M | 19.2M | 18.2M | 18.2M | 18.0M | 17.6M | 17.5M | 17.5M | 17.4M | 17.4M |
| Current ratio | 1.95 | 2.62 | 2.42 | 2.28 | 2.02 | 2.20 | 2.13 | 1.96 | 1.62 | 1.26 | 1.86 | 1.97 |
| Quick ratio | 1.59 | 2.20 | 2.08 | 1.94 | 1.71 | 1.78 | 1.88 | 1.69 | 1.33 | 1.05 | 1.64 | 1.78 |
| Debt / equity | 0.09 | 0.11 | 0.14 | 0.52 | 0.75 | 3.29 | 18.24 | — | — | — | — | — |
| Equity / assets | 81.6% | 79.2% | 76.2% | 48.5% | 39.6% | 10.6% | 2.0% | −10.5% | −23.3% | −25.0% | −24.4% | −27.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 3, 2026); data from EODHD.
RIGL financial position
At the end of fiscal 2025 (December 31, 2025), Rigel Pharmaceuticals had total assets of $513.6 million (up 213.2% from a year earlier), total liabilities of $122.1 million and shareholders' equity of $391.5 million. It held $155.0 million in cash and short-term investments against $53.3 million of debt, a net cash position of $101.7 million. Its current ratio was 2.42. In the latest quarter (ended June 30, 2026) total assets were $521.1 million and equity $425.4 million.
Related: RIGL income statement, RIGL cash flow statement, RIGL key metrics. See the RIGL stock overview for the latest quote and news.
RIGL balance sheet FAQ
What are Rigel Pharmaceuticals's total assets?
Rigel Pharmaceuticals reported total assets of $513.6 million at the end of fiscal 2025 (December 31, 2025), compared with $164.0 million a year earlier.
How much debt does Rigel Pharmaceuticals have?
Rigel Pharmaceuticals had $53.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.14.
How much cash does Rigel Pharmaceuticals have?
Rigel Pharmaceuticals held $155.0 million in cash and short-term investments at the end of fiscal 2025; with $53.3 million of debt that is net cash of $101.7 million.
What is Rigel Pharmaceuticals's book value?
Rigel Pharmaceuticals's shareholders' equity (book value) was $391.5 million at the end of fiscal 2025, or $20.78 per share.
What is Rigel Pharmaceuticals's current ratio?
Rigel Pharmaceuticals had current assets of $240.2 million and current liabilities of $99.2 million, a current ratio of 2.42 (it can cover its short-term obligations).
How much goodwill does Rigel Pharmaceuticals have?
Rigel Pharmaceuticals carried $24.7 million of goodwill and intangible assets, 4.8% of total assets, at the end of fiscal 2025.