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How Rigel Pharmaceuticals (RIGL) makes money

Rigel Pharmaceuticals (RIGL) made $80.9M of revenue in the third quarter 2026 (Q3 2026), +16% from a year earlier. Product sales, net brought in $72.3M (89%); Contract revenues from collaborations and other brought in $8.6M (11%). Of every dollar of revenue, 21¢ was left as operating profit, 16¢ was left as net earnings.

Drawing the Sankey…

Rigel Pharmaceuticals revenue by segment, Q3 2026Rigel Pharmaceuticals revenue by segment, Q3 2026Product sales, net$72.3MContract revenues from collaborat…$8.6M
Rigel Pharmaceuticals: revenue by line, Q1 2025 to Q3 2026Rigel Pharmaceuticals: revenue by line, Q1 2025 to Q3 2026Product sales, netContract revenues fro…Product sales, net: $72.3M latest$72.3MContract revenues from collaborations and other: $8.6M latest$8.6MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Contract revenues from collaborations and other went from 18% of revenue in Q1 2025 to 11% in Q3 2026, the largest shift in the mix.
Rigel Pharmaceuticals revenue by quarterRigel Pharmaceuticals revenue by quarter$53.3MQ1 2025$102MQ2 2025$69.5MQ3 2025$69.8MQ4 2025$58.8MQ1 2026$78.7MQ2 2026$80.9MQ3 2026
Rigel Pharmaceuticals: where each dollar of revenue goesRigel Pharmaceuticals: where each dollar of revenue goesOperating profit21¢Income tax5¢Net earnings16¢Operating cash flow43¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Product sales, net$72.3M89.4%+8%+13%
Contract revenues from collaborations and other$8.6M10.6%-26%+59%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$80.9M100.0%
Operating profit$17.1M21.1%
Income tax$4.2M5.2%
Net earnings$13.2M16.3%
Operating cash flow$34.6M42.7%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$80.9M+16%
Q2 2026$78.7M-23%
Q1 2026$58.8M+10%
Q4 2025$69.8M+21%
Q3 2025$69.5M+26%
Q2 2025$102M+176%
Q1 2025$53.3M+81%

From Rigel Pharmaceuticals' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Rigel Pharmaceuticals make money?

Rigel Pharmaceuticals (RIGL) made $80.9M of revenue in the third quarter 2026 (Q3 2026), +16% from a year earlier. Product sales, net brought in $72.3M (89%); Contract revenues from collaborations and other brought in $8.6M (11%). Of every dollar of revenue, 21¢ was left as operating profit, 16¢ was left as net earnings.

What is Rigel Pharmaceuticals' biggest business?

Product sales, net: $72.3M in the third quarter 2026, 89% of revenue, +13% from a year earlier.

What is Rigel Pharmaceuticals' profit margin?

Net earnings were $13.2M, 16.3% of revenue, in the third quarter 2026; the operating margin was 21.1%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.