10 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 22.1% per year over the past 5 years.
Operating margin has expanded, at 42.6% in the latest year.
Financial health
Total debt ($53M) exceeds cash ($41M); net debt is $12M.
Total debt has grown in line with revenue (21.3% vs 22.1% per year).
Operating income covered interest expense 17× in the latest year.
Total debt is 0.4× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$294M
$367M
93.3%
42.6%
—
$53M
$41M
2024
$179M
$17M
89.6%
13.5%
—
$60M
$57M
2023
$117M
-$25M
93.9%
-17.5%
—
$60M
$33M
2022
$120M
-$59M
98.5%
-46.2%
-$74M
$40M
$24M
2021
$149M
-$18M
99.3%
-8.4%
$5M
$20M
$19M
2020
$109M
-$30M
99.2%
-26.7%
-$53M
$20M
$30M
2019
$59M
-$67M
98.5%
-116.5%
-$43M
$10M
$23M
2018
$45M
—
99.4%
-163.3%
-$60M
—
$76M
2017
$4M
—
0.0%
-1775.6%
-$78M
—
$38M
2016
$20M
—
0.0%
-342.2%
-$77M
—
$18M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$59M
$9M
92.2%
20.2%
—
$45M
$24M
Dec '25
$70M
$268M
91.5%
33.2%
—
$53M
$41M
Sep '25
$69M
$28M
93.2%
40.9%
—
$60M
$49M
Jun '25
$102M
$60M
95.6%
60.1%
—
$60M
$53M
Mar '25
$53M
$11M
91.7%
23.9%
—
$60M
$46M
Dec '24
$58M
$14M
89.9%
28.9%
—
$60M
$57M
Sep '24
$55M
$12M
85.5%
25.4%
—
$60M
$52M
Jun '24
$37M
-$1M
92.4%
1.2%
—
$60M
$36M
Mar '24
$30M
-$8M
93.1%
-23.6%
—
$60M
$26M
Dec '23
$36M
$737000
89.4%
5.5%
—
$60M
$33M
Sep '23
$28M
-$6M
95.5%
-15.9%
—
$60M
$45M
Jun '23
$27M
-$7M
96.0%
-19.6%
—
$60M
$49M
Mar '23
$26M
-$14M
96.3%
-48.8%
—
$60M
$40M
Dec '22
$51M
$1M
99.3%
4.1%
-$22M
$40M
$24M
Sep '22
$22M
-$19M
98.9%
-82.1%
-$13M
$40M
$30M
Jun '22
$30M
-$13M
96.5%
-43.5%
-$13M
$30M
$27M
Mar '22
$17M
-$27M
99.3%
-156.9%
-$26M
$30M
$25M
Dec '21
$20M
-$23M
97.6%
-104.9%
-$19M
$20M
$19M
Sep '21
$22M
-$21M
99.3%
-91.8%
-$10M
$20M
$30M
Jun '21
$26M
-$14M
99.5%
-49.7%
$55M
$20M
$85M
Valuation over time
How the market has priced RIGL against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 17.9× (Dec '24) to 1.9× (Jun '26).
The price-to-sales ratio has risen from 0.2× (Mar '23) to 2.3× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is RIGL growing its revenue and profit?
Over the past 5 years, Rigel Pharmaceuticals Inc's revenue has grown 22.1% per year. These are computed facts, not advice.
How much debt does RIGL have?
As of FY2025, Rigel Pharmaceuticals Inc reported $53M of total debt against $41M of cash; operating income covered interest expense 17×.
What is RIGL's profit margin?
In FY2025, gross margin was 93.3%, operating margin 42.6%, and net margin 124.7%.
What is RIGL's P/E ratio?
As of Jun '26, Rigel Pharmaceuticals Inc traded at a price-to-earnings ratio of about 1.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.