“Although we do not expect to incur federal cash income taxes due to sufficient NOL and research and development credit carryforwards, we recognized federal income tax expense based on the estimated impact of utilizing the deferred tax assets associated with s…”10-Q · May 5, 2026 ↗
Rigel Pharmaceuticals, Inc.
RIGL
Market read
Rigel Pharmaceuticals, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
- RIGL's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if RIGL's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- RIGL's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +64.1% year over year.
- Operating margin changed +29.1 percentage points in the latest annual period.
- Net margin changed +115.0 percentage points in the latest annual period.
- Diluted shares increased 6.5% in the latest annual period.
- Operating cash flow was only 0.21x net income in the latest annual period.
- P/E is 91% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 85% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
47.27Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The decrease in interest expense for the three months ended March 31, 2026, compared to the same period in 2025, was primarily due to scheduled principal payments that reduced our outstanding debt balance, as well as impact of lower interest rates.”10-Q · May 5, 2026 ↗
“The increase was primarily driven by higher price per bottle and, to a lesser extent, higher volumes Contract revenues from collaborations for the three months ended March 31, 2026 and 2025 was primarily of revenue from Grifols, Kissei and Medison.”10-Q · May 5, 2026 ↗
“Publicly traded companies have increasingly become subject to campaigns by our stakeholders, including investors, and more recently regulatory organizations advocating corporate actions such as actions related to ESG matters, impacts of climate change, financ…”10-K · Mar 3, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.0× · EV/sales 3.1×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for RIGL. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for RIGL. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind RIGL
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
GRFSFiling-linked namepartnerMay 5, 2026 ▾
“Fostamatinib outside of the US We have a commercialization license agreement with Grifols for exclusive rights to commercialize fostamatinib for human diseases, and non-exclusive rights to develop fostamatinib in their territory.”
AMGNAmgen Inc.partnerNov 4, 2025 ▾
“Other products in the US that are approved by the FDA to increase platelet production through binding to TPO receptors on megakaryocyte precursors include PROMACTA ® (Novartis International AG), Nplate ® (Amgen, Inc.), 31 Table of Contents DOPTELET ® (Swedi…”
Depended on by
NUVBNuvation Bio Inc.competitorMar 2, 2026 ▾
“Another mIDH1 currently in clinical development for mIDH1 glioma is Rigel’s olutasidenib.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
RIGL is currently a Early Follower in the organic co-movement group Financial Software Biotech. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for RIGL; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.