Tearsheet

Rigel Pharmaceuticals (RIGL)


Market Price (3/30/2026): $25.82 | Market Cap: $470.2 Mil
Sector: Health Care | Industry: Biotechnology

Rigel Pharmaceuticals (RIGL)


Market Price (3/30/2026): $25.82
Market Cap: $470.2 Mil
Sector: Health Care
Industry: Biotechnology

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 78%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 74%, FCF Yield is 16%
Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 20%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -22%
Key risks
RIGL key risks include [1] intense commercial competition from larger, Show more.
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 64%
 
3 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 43%
 
4 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26%
 
5 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more.
 
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 78%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 74%, FCF Yield is 16%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -22%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 64%
3 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 43%
4 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26%
5 Megatrend and thematic drivers
Megatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more.
6 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 20%
7 Key risks
RIGL key risks include [1] intense commercial competition from larger, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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Rigel Pharmaceuticals (RIGL) stock has lost about 50% since 11/30/2025 because of the following key factors:

1. Lower-than-expected 2026 revenue guidance, primarily due to a significant decline in contract revenue, caused investor concern. Rigel Pharmaceuticals projected full-year 2026 total revenue to be between $275 million and $290 million. This outlook implied an approximate 4% year-over-year decrease at the midpoint when compared to the $294.3 million in total revenue reported for 2025. The anticipated decline in 2026 was largely driven by an expected 64% year-over-year drop in contract revenue, from $62.3 million in 2025 to $20 million - $25 million in 2026, as 2025's figures included a one-time $40 million non-cash revenue from an agreement with Eli Lilly and Company. While net product sales were forecast to grow by about 11% year-over-year, this was not enough to offset the reduction in contract revenue.

2. The company missed analyst consensus estimates for its fourth-quarter 2025 earnings per share (EPS). Rigel reported a Q4 2025 EPS of $1.14, which fell short of analysts' consensus estimates of $1.33 by $0.19. This earnings miss, despite total revenue for the quarter exceeding expectations at $69.8 million, likely contributed to negative sentiment among investors.

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Stock Movement Drivers

Fundamental Drivers

The -48.9% change in RIGL stock from 11/30/2025 to 3/29/2026 was primarily driven by a -84.1% change in the company's P/E Multiple.
(LTM values as of)113020253292026Change
Stock Price ($)50.4925.81-48.9%
Change Contribution By: 
Total Revenues ($ Mil)2822944.3%
Net Income Margin (%)40.2%124.7%210.5%
P/E Multiple8.01.3-84.1%
Shares Outstanding (Mil)1818-1.0%
Cumulative Contribution-48.9%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/29/2026
ReturnCorrelation
RIGL-48.9% 
Market (SPY)-5.3%21.6%
Sector (XLV)-8.7%35.7%

Fundamental Drivers

The -33.6% change in RIGL stock from 8/31/2025 to 3/29/2026 was primarily driven by a -82.0% change in the company's P/E Multiple.
(LTM values as of)83120253292026Change
Stock Price ($)38.8525.81-33.6%
Change Contribution By: 
Total Revenues ($ Mil)2682949.8%
Net Income Margin (%)36.5%124.7%241.6%
P/E Multiple7.11.3-82.0%
Shares Outstanding (Mil)1818-1.8%
Cumulative Contribution-33.6%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/29/2026
ReturnCorrelation
RIGL-33.6% 
Market (SPY)0.6%13.3%
Sector (XLV)5.2%27.8%

Fundamental Drivers

The 11.9% change in RIGL stock from 2/28/2025 to 3/29/2026 was primarily driven by a 4960.5% change in the company's Net Income Margin (%).
(LTM values as of)22820253292026Change
Stock Price ($)23.0625.8111.9%
Change Contribution By: 
Total Revenues ($ Mil)15729486.9%
Net Income Margin (%)2.5%124.7%4960.5%
P/E Multiple104.61.3-98.8%
Shares Outstanding (Mil)1818-3.4%
Cumulative Contribution11.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/29/2026
ReturnCorrelation
RIGL11.9% 
Market (SPY)9.8%23.3%
Sector (XLV)-2.1%28.4%

Fundamental Drivers

The 70.9% change in RIGL stock from 2/28/2023 to 3/29/2026 was primarily driven by a 229.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)22820233292026Change
Stock Price ($)15.1025.8170.9%
Change Contribution By: 
Total Revenues ($ Mil)89294229.3%
P/S Multiple2.91.6-45.3%
Shares Outstanding (Mil)1718-5.1%
Cumulative Contribution70.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/29/2026
ReturnCorrelation
RIGL70.9% 
Market (SPY)69.4%24.7%
Sector (XLV)18.4%24.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
RIGL Return-24%-43%-3%16%155%-38%-25%
Peers Return-33%-38%-29%-55%-48%8%-93%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
RIGL Win Rate33%33%42%42%58%0% 
Peers Win Rate31%44%44%36%50%53% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
RIGL Max Drawdown-33%-75%-52%-47%-3%-41% 
Peers Max Drawdown-40%-52%-49%-60%-61%-24% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VRTX, AKTS, ALPS, DCOY, DFTX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)

How Low Can It Go

Unique KeyEventRIGLS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-86.4%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven635.5%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven1,111 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-57.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven135.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven118 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-64.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven183.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven477 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-84.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven551.0%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1,480 days

Compare to VRTX, AKTS, ALPS, DCOY, DFTX

In The Past

Rigel Pharmaceuticals's stock fell -86.4% during the 2022 Inflation Shock from a high on 2/8/2021. A -86.4% loss requires a 635.5% gain to breakeven.

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About Rigel Pharmaceuticals (RIGL)

Rigel Pharmaceuticals, Inc., a biotechnology company, discovers and develops small molecule drugs to treat hematologic disorders, cancer, and rare immune diseases. The company offers Tavalisse, an oral spleen tyrosine kinase inhibitor for the treatment of adult patients with chronic immune thrombocytopenia. It also develops Fostamatinib that is in phase III clinical trial for the treatment of warm autoimmune hemolytic anemia; phase III clinical trial for the treatment of hospitalized COVID-19 patients; and phase III clinical trial for the treatment of COVID-19. In addition, the company is developing R289, an oral interleukin receptor associated kinase 1/4 inhibitor, which is in phase I clinical trial for autoimmune, inflammatory, and hematology-oncology diseases; and R552, a receptor-interacting serine/threonine-protein kinase 1 inhibitor that has completed phase I clinical trial for autoimmune and inflammatory diseases. It has research and license agreements with AstraZeneca AB for the development and commercialization of R256, an inhaled JAK inhibitor; BerGenBio AS for the development and commercialization of AXL inhibitors in oncology; and Daiichi Sankyo to develop murine double minute 2 inhibitors for solid and hematological malignancies, as well as license and supply agreement with Kissei Pharmaceutical Co., Ltd. to develop and commercialize Fostamatinib. The company also has a license agreement and strategic collaboration with Eli Lilly and Company to co-develop and commercialize R552 for various indications, including autoimmune and inflammatory diseases, as well as other non-central nervous system (non-CNS) disease development candidates. Rigel Pharmaceuticals, Inc. was incorporated in 1996 and is headquartered in South San Francisco, California.

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Here are 1-3 brief analogies for Rigel Pharmaceuticals (RIGL):

  • Like a Vertex Pharmaceuticals for rare blood and immune diseases.
  • A Gilead Sciences specializing in small molecule drugs for immune and blood disorders.

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  • Tavalisse: An oral spleen tyrosine kinase inhibitor for the treatment of adult patients with chronic immune thrombocytopenia.
  • Fostamatinib: A drug in phase III clinical trials for warm autoimmune hemolytic anemia and for the treatment of COVID-19.
  • R289: An oral interleukin receptor associated kinase 1/4 inhibitor in phase I clinical trials for autoimmune, inflammatory, and hematology-oncology diseases.
  • R552: A receptor-interacting serine/threonine-protein kinase 1 inhibitor that has completed phase I clinical trials for autoimmune and inflammatory diseases.
```

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Rigel Pharmaceuticals, Inc. (RIGL) primarily sells its intellectual property and rights to its drug candidates to other pharmaceutical and biotechnology companies through various licensing, research, and collaboration agreements. It also sells its commercialized product, Tavalisse, to the pharmaceutical supply chain (e.g., wholesalers, distributors, specialty pharmacies).

Based on the provided description, the major identifiable customers or partners that provide revenue to Rigel Pharmaceuticals through licensing, collaboration, and research agreements include:

  • AstraZeneca AB (Symbol: AZN)
  • BerGenBio AS (Symbol: BGBIO.OL)
  • Daiichi Sankyo (Symbol: DSNKY)
  • Kissei Pharmaceutical Co., Ltd. (Symbol: KSPHF)
  • Eli Lilly and Company (Symbol: LLY)

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Raul R. Rodriguez, President and Chief Executive Officer

Raul R. Rodriguez joined Rigel Pharmaceuticals in April 2000, progressing through various business development and operational roles before being appointed President and Chief Executive Officer in November 2014. Earlier in his career, Mr. Rodriguez served as Chief Operating Officer of Ontogeny, an executive officer at Sense Technologies, and a director at Scios. He also held various positions at Searle Pharmaceuticals. He holds an MBA from Stanford University and an MPH from the University of Illinois.

Dean Schorno, C.P.A., Executive Vice President and Chief Financial Officer

Dean Schorno was appointed Executive Vice President and Chief Financial Officer in May 2018. Before joining Rigel, Mr. Schorno served as CFO of 23andMe, Inc. from 2015. His prior experience includes CFO roles at Adaptive Biotechnologies and Genomic Health, where he managed financial operations during periods of significant business and commercial growth, including financing and commercial transactions. Earlier in his career, he founded and led a CPA and consulting firm. Mr. Schorno is a Certified Public Accountant.

David A. Santos, Executive Vice President and Chief Commercial Officer

David A. Santos became Executive Vice President and Chief Commercial Officer in August 2020. He joined Rigel from Jazz Pharmaceuticals, where he was the Hematology/Oncology Business Unit Head, responsible for leading US commercialization of the oncology portfolio and overseeing three successful product launches. Previously, Mr. Santos held roles as Vice President of Sales and Marketing for Medivation (now Pfizer) and Vice President, Kinase Inhibitor Franchise for Onyx (now Amgen). He also spent nearly nine years at Genentech, Inc. (now a member of the Roche Group), where he held key commercial leadership positions for brands such as Avastin, Herceptin, and Tarceva.

Lisa Rojkjaer, M.D., Executive Vice President and Chief Medical Officer

Dr. Lisa Rojkjaer was appointed Executive Vice President and Chief Medical Officer in March 2024. She brings over 20 years of experience in clinical development, regulatory affairs, and medical affairs, with a specialization in hematology and oncology. Prior to Rigel, Dr. Rojkjaer served as Chief Medical Officer of Sangamo Therapeutics. Her previous roles also include Chief Medical Officer at Viracta Therapeutics and Nordic Nanovector, and Global Clinical Program Head at Novartis Pharmaceuticals.

Raymond J. Furey, Executive Vice President, General Counsel and Corporate Secretary

Raymond J. Furey was appointed Executive Vice President, General Counsel and Corporate Secretary in December 2022. Before joining Rigel, Mr. Furey was Senior Vice President, Chief Compliance Officer, and Interim General Counsel at Turning Point Pharmaceutics. He also previously served as Chief Operating Officer at Ara Pharmaceuticals. Earlier in his career, Mr. Furey held positions at OSI Pharmaceuticals and Genentech.

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Key Risks to Rigel Pharmaceuticals (RIGL)

  1. Clinical Trial and Regulatory Approval Risk: Rigel Pharmaceuticals' future growth and financial performance are heavily dependent on the successful completion of clinical trials and subsequent regulatory approvals for its pipeline candidates. Most notably, Fostamatinib is currently in multiple Phase III clinical trials for indications such as warm autoimmune hemolytic anemia and COVID-19. Any failure to achieve positive results in these trials, or an inability to obtain regulatory approval, would significantly hinder the company's ability to bring new products to market and generate revenue.

  2. Commercialization and Market Adoption Risk for Tavalisse and Future Products: While Tavalisse is an approved product, its ongoing commercial success and market penetration are crucial for the company's current revenue. Similarly, should pipeline candidates like Fostamatinib gain regulatory approval, their commercial success will depend on factors such as market acceptance, physician adoption, competitive landscape, pricing, and reimbursement. Failure to achieve significant market uptake for Tavalisse or future approved products would negatively impact revenue and profitability.

  3. Reliance on Collaborative Partnerships: Rigel Pharmaceuticals has entered into numerous research, license, and strategic collaboration agreements with other pharmaceutical companies, including AstraZeneca, BerGenBio, Daiichi Sankyo, Kissei Pharmaceutical, and Eli Lilly and Company. The progress and potential success of several of its pipeline assets (e.g., R256, AXL inhibitors, murine double minute 2 inhibitors, R552) are reliant on these partnerships. Any disputes, termination of agreements, or insufficient commitment from partners could delay or halt the development and commercialization of these programs, impacting Rigel's long-term prospects.

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Rigel Pharmaceuticals (RIGL) operates in therapeutic areas with significant addressable markets for its main products.

For Tavalisse (fostamatinib), which is approved for chronic immune thrombocytopenia (ITP), the global market size for Immune Thrombocytopenia (ITP) treatment was valued at approximately USD 3.14 billion in 2024, with projections to reach around USD 4.53 billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 5.4%. Another estimate places the global ITP market size at USD 3.57 billion in 2025, expected to exceed USD 4.53 billion by 2035, with a CAGR of over 2.4% during the period of 2026-2035. The U.S. market alone for Immune Thrombocytopenia exceeded USD 1.87 billion in 2023.

For Fostamatinib, which is in clinical trials for warm autoimmune hemolytic anemia (wAIHA), the global warm autoimmune hemolytic anemia (wAIHA) treatment market was valued at USD 430 million in 2024 and is projected to grow to USD 680 million by 2032, exhibiting a CAGR of 5.8%. Other estimates indicate the global wAIHA treatment sector to be valued at USD 767.53 million in 2025, with a forecast to reach USD 1.92 billion by 2035 at a CAGR of 9.6%. Another report estimated the global market to be USD 4.98 billion in 2025, growing to USD 7.24 billion by 2032, with a CAGR of 5.5%. The U.S. market size for wAIHA treatment was estimated at USD 198 million in 2024.

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Rigel Pharmaceuticals (RIGL) is anticipated to drive future revenue growth over the next two to three years primarily through the sustained commercial performance and expansion of its key marketed products. The company has explicitly highlighted its focus on commercial expansion and execution, which is expected to fuel top-line growth. Here are the expected drivers of future revenue growth: * Continued Growth of TAVALISSE Sales: TAVALISSE (fostamatinib disodium hexahydrate), approved for chronic immune thrombocytopenia (ITP), remains Rigel's primary revenue generator and is expected to continue its strong sales momentum. The company anticipates continued growth, driven by sustained new patient demand and ongoing commercial and marketing infrastructure expansion. TAVALISSE net product sales reached $104.8 million in 2024 and are a significant contributor to overall product sales growth. * Increasing Contributions from REZLIDHIA Sales: REZLIDHIA (olutasidenib), used for relapsed or refractory mutant-IDH1 acute myeloid leukemia (AML), is a growing oncology asset that is expanding and diversifying Rigel's revenue base. REZLIDHIA sales have demonstrated significant year-over-year growth and are expected to continue to contribute to the company's net product sales. * Growing Sales of GAVRETO: GAVRETO (pralsetinib), acquired by Rigel in 2024 for RET fusion-positive non-small cell lung cancer (NSCLC) and advanced or metastatic thyroid cancer, is a key addition to the commercial portfolio. This product is making a substantial contribution to Rigel's sales and is highly synergistic with its existing infrastructure, further supporting top-line growth.

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Share Issuance

  • Rigel Pharmaceuticals' shares outstanding increased from 0.017 billion in Q1 2021 to 0.019 billion in Q3 2025.
  • The number of shares outstanding increased by 6.52% in one year.
  • A reverse stock split with a ratio of 1:10 occurred on June 27, 2024.

Inbound Investments

  • Rigel Pharmaceuticals has strategic development collaborations and license agreements with various partners, including AstraZeneca AB, BerGenBio AS, Daiichi Sankyo, Kissei Pharmaceutical Co., Ltd., and Eli Lilly and Company. These agreements often involve upfront and milestone payments to Rigel.

Capital Expenditures

  • Rigel Pharmaceuticals reported capital expenditures of $73K in Q4 2022.
  • Capital expenditures were -$38K in the last 12 months, as of the current time (March 2026), suggesting very low capital spending or net proceeds from asset disposals.

Better Bets vs. Rigel Pharmaceuticals (RIGL)

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HAE_2202026_Dip_Buyer_FCFYield02202026HAEHaemoneticsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
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7.1%7.1%-3.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

RIGLVRTXAKTSALPSDCOYDFTXMedian
NameRigel Ph.Vertex P.Aktis On.ALPS Decoy Th.Definium. 
Mkt Price25.81433.0715.191.006.3017.8816.54
Mkt Cap0.5109.8--0.0-0.5
Rev LTM29412,001--00147
Op Inc LTM1254,554---5-16660
FCF LTM763,194---4-13236
FCF 3Y Avg291,832---9-9210
CFO LTM763,631---4-13236
CFO 3Y Avg342,225---9-9213

Growth & Margins

RIGLVRTXAKTSALPSDCOYDFTXMedian
NameRigel Ph.Vertex P.Aktis On.ALPS Decoy Th.Definium. 
Rev Chg LTM64.1%8.9%----36.5%
Rev Chg 3Y Avg38.2%10.4%----24.3%
Rev Chg Q21.2%9.5%----15.4%
QoQ Delta Rev Chg LTM4.3%2.4%----3.3%
Op Mgn LTM42.6%37.9%----40.3%
Op Mgn 3Y Avg12.9%24.7%----18.8%
QoQ Delta Op Mgn LTM0.5%38.7%----19.6%
CFO/Rev LTM25.7%30.3%----28.0%
CFO/Rev 3Y Avg12.8%20.5%----16.7%
FCF/Rev LTM25.7%26.6%----26.2%
FCF/Rev 3Y Avg8.4%17.0%----12.7%

Valuation

RIGLVRTXAKTSALPSDCOYDFTXMedian
NameRigel Ph.Vertex P.Aktis On.ALPS Decoy Th.Definium. 
Mkt Cap0.5109.8--0.0-0.5
P/S1.69.2----5.4
P/EBIT3.623.6---0.0-3.6
P/E1.327.8---0.1-1.3
P/CFO6.230.2---0.1-6.2
Total Yield78.1%3.6%---1,979.5%-3.6%
Dividend Yield0.0%0.0%--0.0%-0.0%
FCF Yield 3Y Avg4.0%1.7%---9,205.1%-1.7%
D/E0.10.0--0.0-0.0
Net D/E-0.2-0.0---19.0--0.2

Returns

RIGLVRTXAKTSALPSDCOYDFTXMedian
NameRigel Ph.Vertex P.Aktis On.ALPS Decoy Th.Definium. 
1M Rtn-25.7%-12.8%-24.5%4.2%-22.9%2.5%-17.9%
3M Rtn-41.4%-6.4%∞%1.0%-20.1%18.8%-6.4%
6M Rtn-9.8%12.3%∞%5.3%-86.2%18.8%5.3%
12M Rtn44.4%-12.1%253,066.7%5.3%-95.9%18.8%12.1%
3Y Rtn92.6%38.7%408.0%5.3%-99.8%18.8%28.8%
1M Excs Rtn-19.9%-2.0%-14.8%8.8%-15.3%11.2%-8.4%
3M Excs Rtn-34.1%1.7%∞%15.0%-9.3%26.9%1.7%
6M Excs Rtn-6.5%17.0%∞%8.9%-83.1%22.4%8.9%
12M Excs Rtn24.5%-24.9%337,444.1%-6.2%-107.4%7.3%0.6%
3Y Excs Rtn30.8%-16.4%376.9%-56.5%-161.6%-43.0%-29.7%

Comparison Analyses

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FDA Approved Drugs Data

Expand for More
Post-Approval Fwd Returns
FDA
App #
Brand
Name
Generic
Name
Dosage
Form
FDA
Approval
3M
Rtn
6M
Rtn
1Y
Rtn
2Y
Rtn
Total
Rtn
NDA215814  REZLIDHIAolutasidenibcapsule12012022136.8%104.6%59.3%303.6%277.3%
NDA213721  GAVRETOpralsetinibcapsule904202033.3%66.2%75.3%-38.1%11.7%
NDA209299  TAVALISSEfostamatinib disodiumtablet4172018-31.1%-22.4%-43.6%-60.3%-37.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment179117   
Contract revenues from collaborations  397647
Government contract  410 
Product sales, net  776362
Total179117120149109


Net Income by Segment
$ Mil20252024202320222021
Single Segment17-25   
Total17-25   


Price Behavior

Price Behavior
Market Price$25.81 
Market Cap ($ Bil)0.5 
First Trading Date11/29/2000 
Distance from 52W High-49.4% 
   50 Days200 Days
DMA Price$32.43$32.90
DMA Trendupdown
Distance from DMA-20.4%-21.6%
 3M1YR
Volatility50.5%69.7%
Downside Capture1.190.77
Upside Capture-74.12129.59
Correlation (SPY)20.9%22.1%
RIGL Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta1.531.051.400.870.861.35
Up Beta0.321.981.450.810.630.83
Down Beta2.961.090.760.000.671.17
Up Capture152%-16%44%95%167%707%
Bmk +ve Days9203170142431
Stock +ve Days13202756121353
Down Capture140%167%256%141%104%111%
Bmk -ve Days12213054109320
Stock -ve Days8203366127377

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RIGL
RIGL34.8%69.6%0.70-
Sector ETF (XLV)0.3%17.6%-0.1328.6%
Equity (SPY)14.5%18.9%0.5922.2%
Gold (GLD)50.2%27.7%1.463.4%
Commodities (DBC)17.8%17.6%0.85-5.2%
Real Estate (VNQ)0.4%16.4%-0.1521.4%
Bitcoin (BTCUSD)-23.7%44.2%-0.4911.5%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RIGL
RIGL-9.1%86.0%0.30-
Sector ETF (XLV)6.0%14.5%0.2321.7%
Equity (SPY)11.8%17.0%0.5424.9%
Gold (GLD)20.7%17.7%0.962.8%
Commodities (DBC)11.6%18.9%0.501.7%
Real Estate (VNQ)3.0%18.8%0.0724.6%
Bitcoin (BTCUSD)4.0%56.6%0.2913.3%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RIGL
RIGL2.2%82.8%0.39-
Sector ETF (XLV)9.7%16.5%0.4826.0%
Equity (SPY)14.0%17.9%0.6728.0%
Gold (GLD)13.3%15.8%0.701.2%
Commodities (DBC)8.2%17.6%0.397.4%
Real Estate (VNQ)4.7%20.7%0.1922.6%
Bitcoin (BTCUSD)66.4%66.8%1.0611.5%

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Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity3.7 Mil
Short Interest: % Change Since 2282026-0.6%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest7.1 days
Basic Shares Quantity18.2 Mil
Short % of Basic Shares20.5%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/3/2026-10.3%-13.9% 
11/4/202533.4%33.7%72.4%
8/5/202523.0%42.4%65.6%
3/4/2025-8.1%-11.7%-17.5%
11/7/202442.9%77.8%50.0%
8/6/20245.8%35.8%43.7%
3/5/20245.4%0.7%-12.8%
11/7/20232.2%-2.3%31.0%
...
SUMMARY STATS   
# Positive111010
# Negative898
Median Positive8.5%17.1%31.0%
Median Negative-6.0%-8.7%-15.2%
Max Positive42.9%77.8%72.4%
Max Negative-11.0%-13.9%-26.9%

SEC Filings

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Report DateFiling DateFiling
12/31/202503/03/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/06/202510-Q
12/31/202403/04/202510-K
09/30/202411/07/202410-Q
06/30/202408/06/202410-Q
03/31/202405/07/202410-Q
12/31/202303/05/202410-K
09/30/202311/07/202310-Q
06/30/202308/01/202310-Q
03/31/202305/02/202310-Q
12/31/202203/07/202310-K
09/30/202211/03/202210-Q
06/30/202208/02/202210-Q
03/31/202205/03/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 3/3/2026 | Prior: Q4 2025 Earnings Reported 1/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue275.00 Mil282.50 Mil290.00 Mil0 AffirmedGuidance: 282.50 Mil for 2026
2026 Net Product Sales255.00 Mil260.00 Mil265.00 Mil0 AffirmedGuidance: 260.00 Mil for 2026
2026 Contract Revenues20.00 Mil22.50 Mil25.00 Mil0 AffirmedGuidance: 22.50 Mil for 2026

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Schorno, Dean LEVP & Chief Financial OfficerDirectSell206202520.922,03642,5951,233,690Form
2Schorno, Dean LEVP & Chief Financial OfficerDirectSell206202521.931,73438,0201,254,935Form
3Santos, David AEVP, Chief Commercial OfficerDirectSell206202520.922,12544,4571,119,274Form
4Santos, David AEVP, Chief Commercial OfficerDirectSell206202521.931,79639,3791,133,662Form
5Rodriguez, Raul RCEO, PresidentDirectSell206202520.924,952103,6015,101,670Form