For Q1 FY2026 ended March 31, 2026, Rigel Pharmaceuticals reported revenue of $58.8 million, up 10.3% year-over-year. Net income was $8.7 million, down 24.4% from the prior year, while operating income fell 7.0% to $11.9 million. Diluted EPS decreased 30.2% to $0.44. The company held $24.4 million in cash, $399.9 million in equity, and $45.0 million in long-term debt.
•Revenue increased 10.3% YoY to $58.8 million.
•Net income declined 24.4% to $8.7 million.
•Diluted EPS fell 30.2% to $0.44.
•Long-term debt stood at $45.0 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Rigel Pharmaceuticals, Inc., a biotechnology company develops and provides therapies that enhance the lives of patients with hematologic disorders and cancer in the United States. The company offers TAVALISSE, an oral spleen tyrosine kinase inhibitor for the treatment of adult patients with chronic immune thrombocytopenia.
Its portfolio also includes REZLIDHIA, a non-intensive monotherapy to treat adult patients with relapsed or refractory (R/R) acute myeloid leukemia (AML) with a susceptible isocitrate dehydrogenase-1 (IDH1) mutation as detected by an FDA-approved test, and GAVRETO, a once daily, small molecule, oral, kinase inhibitor for the treatment of adult patients with metastatic rearranged during transfection (RET) fusion-positive non-small cell lung cancer (NSCLC), as well as to treat adult and pediatric patients twelve years of age and older with advanced or metastatic RET fusion-positive thyroid cancer.
It also develops R289, an oral interleukin receptor-associated kinases 1 and 4 (IRAK1/4) inhibitor, which is being advanced to Phase 1b study for the treatment of hematology-oncology, autoimmune, and inflammatory diseases
To treat lower-risk myelodysplastic syndrome. The company has strategic development collaboration with The University of Texas MD Anderson Cancer Center (MDACC) for the development of olutasidenib in AML and hematologic cancers with IDH1mutations
The Collaborative Network for Neuro-Oncology Clinical Trial (CONNECT) to conduct a Phase 2 clinical trial to evaluate olutasidenib in combination with temozolomide in patients with high-grade glioma harboring an IDH1 mutation. Incorporated in 1996, Rigel Pharmaceuticals is headquartered in South San Francisco, California.
Rigel Pharmaceuticals, Inc. is a biotechnology company focused on developing and providing therapies for patients with hematologic disorders and cancer in the United States. Its commercial products include TAVALISSE, an oral spleen tyrosine kinase inhibitor for chronic immune thrombocytopenia in adults; REZLIDHIA, a non-intensive monotherapy for relapsed or refractory acute myeloid leukemia with a susceptible IDH1 mutation; and GAVRETO, a kinase inhibitor for RET fusion-positive non-small cell lung cancer and thyroid cancer. The company also has a pipeline candidate, R289, an oral IRAK1/4 inhibitor being studied for hematology-oncology and inflammatory diseases, including lower-risk myelodysplastic syndrome. Additionally, Rigel collaborates with MD Anderson Cancer Center and the CONNECT network to advance olutasidenib in IDH1-mutated cancers.
On which exchange is Rigel Pharmaceuticals listed and what currency does it trade in?
Rigel Pharmaceuticals, Inc. is listed on the Nasdaq Global Select Market under the ticker symbol RIGL. Its shares trade in U.S. dollars (USD). The exchange is part of the Nasdaq stock exchange, which is one of the major electronic exchanges in the United States. Investors can buy and sell RIGL shares during regular trading hours on NasdaqGS.
What sector and industry does Rigel Pharmaceuticals operate in?
Rigel Pharmaceuticals operates in the Healthcare sector, specifically within the Biotechnology industry. As a biotechnology company, it focuses on researching, developing, and commercializing therapies for serious diseases, primarily in hematology and oncology. The company's work involves targeted small-molecule inhibitors that modulate specific pathways involved in disease, such as spleen tyrosine kinase (SYK), isocitrate dehydrogenase-1 (IDH1), and rearranged during transfection (RET) kinases. This places Rigel among other biotech firms that aim to address unmet medical needs through innovative drug development.
Where is Rigel Pharmaceuticals headquartered and which markets does it serve?
Rigel Pharmaceuticals is headquartered in the United States and primarily serves the U.S. market. The company's description indicates that it develops and provides therapies for patients with hematologic disorders and cancer in the United States. While its headquarters location is not explicitly stated in the provided data, its country is listed as the United States and its region as 'us'. Rigel's commercial products, such as TAVALISSE, REZLIDHIA, and GAVRETO, are approved by the U.S. Food and Drug Administration (FDA) and marketed domestically. The company also engages in research collaborations with U.S. institutions like MD Anderson Cancer Center and the CONNECT network, further emphasizing its focus on the American healthcare system.
What are the main products in Rigel Pharmaceuticals' portfolio?
Rigel Pharmaceuticals has three main commercial products. TAVALISSE (fostamatinib) is an oral spleen tyrosine kinase inhibitor approved for adult patients with chronic immune thrombocytopenia, a bleeding disorder. REZLIDHIA (olutasidenib) is a non-intensive monotherapy for relapsed or refractory acute myeloid leukemia with a susceptible IDH1 mutation. GAVRETO (pralsetinib) is a once-daily oral kinase inhibitor for adult patients with metastatic RET fusion-positive non-small cell lung cancer and for adult and pediatric patients 12+ with advanced or metastatic RET fusion-positive thyroid cancer. Additionally, Rigel is developing R289, an oral IRAK1/4 inhibitor, currently in Phase 1b studies for lower-risk myelodysplastic syndrome and other indications. The company also collaborates on olutasidenib in other IDH1-mutated cancers.