Quarterly report [Sections 13 or 15(d)]

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
[1]
Current assets:    
Cash and cash equivalents $ 46,646 $ 40,580
Short-term investments 52,659 114,375
Accounts receivable, net 56,458 51,763
Inventories 15,805 11,506
Prepaid and other current assets 16,956 21,942
Total current assets 188,524 240,166
Intangible assets, net 94,586 24,748
Deferred income tax asset 234,528 245,852
Operating lease right-of-use assets 504 920
Other assets 5,735 1,908
Total assets 523,877 513,594
Current liabilities:    
Accounts payable 11,442 7,191
Accrued compensation 10,128 11,914
Accrued research and development 11,530 5,524
Acquisition-related liabilities 0 5,000
Revenue reserves and refund liability 26,809 27,716
Loans payable, net, current 7,236 29,812
Other accrued liabilities 11,069 11,466
Lease liabilities, current 556 614
Total current liabilities 78,770 99,237
Lease liabilities, non-current 0 395
Loans payable, net, non-current 0 22,482
Total liabilities 78,770 122,114
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common stock 19 18
Additional paid-in capital 1,429,308 1,414,322
Accumulated other comprehensive (loss) income (308) 181
Accumulated deficit (983,912) (1,023,041)
Total stockholders’ equity 445,107 391,480
Total liabilities and stockholders’ equity $ 523,877 $ 513,594
[1] The balance sheet at December 31, 2025 has been derived from the audited financial statements included in Rigel’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission (SEC) on March 3, 2026.