RIGL
Rigel Pharmaceuticals, Inc.42.02
-0.46-1.08%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A flags 2025 growth one-offs
Q&A revealed Rigel's 60% 2025 sales surge included one-time Medicare affordability gains and full-year GAVRETO, making 2026's double-digit guidance a tough but realistic climb from a higher base. TAVALISSE growth now hinges on new patient starts via virtual teams, sans repeats of last year's boost. R289 dose expansion (500mg QD vs BID) advances on track for H2 RP2D pick and year-end data, followed by less-pretreated cohort. BD pipeline buzzes with late-stage targets, deal eyed for 2026. Sales force stays rightsized. No walk-backs, just reaffirmations with gritty details. R289 execution matters next.
Key Stats
Market Cap
762.72MP/E (TTM)
6.79Basic EPS (TTM)
6.19Dividend Yield
0%Recent Filings
8-K
Rigel Q4 revenues soar 21%
Rigel Pharmaceuticals reported Q4 2025 total revenues of $69.8 million, up from $57.6 million last year, driven by record net product sales of $65.4 million across TAVALISSE, GAVRETO, and REZLIDHIA. Full-year revenues hit $294.3 million with $367.0 million net income, boosted by $245.9 million non-cash tax benefit; cash swelled to $155.0 million. R289 Phase 1b enrollment advances on track for Phase 2 dose selection in H2 2026. Guidance eyes $275-290 million 2026 revenues, positive net income.
10-K
FY2025 results
Rigel Pharmaceuticals posted FY2025 net product sales of $231.9M across its portfolio, up sharply from prior year, led by TAVALISSE's $158.8M (51.6% y/y growth from $104.8M) on higher volumes and pricing, REZLIDHIA's $31.0M (34.8% y/y from $23.0M), and GAVRETO's $42.1M ramp since June 2024 launch (from $17.1M). Q4 momentum built on volume gains and lower TAVALISSE reserves, yet collaboration revenue spiked from a $40M Lilly opt-out release. Cash position strengthened amid pipeline advances like R289 Phase 1b data showing 33% RBC-TI in MDS patients. No buybacks or dividends noted. Pipeline delays could stall quarterly momentum.
8-K
Rigel appoints new board member
Rigel Pharmaceuticals appointed Michael P. Miller to its board effective February 1, 2026, adding him to the class serving through the 2027 annual meeting and the Compensation Committee. Miller receives a $50,000 annual retainer plus $10,000 committee fee, an initial 12,000-share option grant, and ongoing annual awards of 3,000 options and 2,500 RSUs. He's independent, with no related transactions. Board bolsters governance.
8-K
Rigel Q4 revenue $69.8M
Rigel reported preliminary Q4 2025 total revenue of $69.8 million, up from $57.6 million in 2024, driven by net product sales of $65.4 million across TAVALISSE, GAVRETO, and REZLIDHIA. Full-year 2025 revenue hit $294.3 million with $154.6 million in cash. R289 showed 33% RBC-TI in MDS patients. Cash fuels 2026 outlook of $275-290 million revenue and positive net income.
8-K
R289 Phase 1b MDS data shines
Rigel unveiled updated Phase 1b data for R289 in relapsed/refractory lower-risk MDS patients at the ASH meeting on December 7, 2025. The drug proved generally well-tolerated in 33 elderly, heavily pretreated subjects, with 33% (6/18) of evaluable transfusion-dependent patients at ≥500 mg QD doses hitting durable RBC-TI over 8 weeks. Dose expansion rolls on. Recommended Phase 2 dose eyed for H2 2026.
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