Rigel Q2 FY26 net income falls to $17.3 million; revenue drops to $78.7 million - RIGL News | RalliesRigel Q2 FY26 net income falls to $17.3 million; revenue drops to $78.7 million
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RIGL• Q2 FY26 results and outlook
- Rigel posted Q2 2026 revenue of USD 78.7 million; net income fell to USD 17.3 million from USD 59.6 million a year earlier.
- Net product sales rose 14% to USD 67.0 million, led by TAVALISSE up 18% to USD 47.4 million.
- Total costs and expenses climbed to USD 55.1 million from USD 40.6 million, on higher personnel, cost of product sales, and R&D.
- In-licensed VEPPANU (vepdegestrant) under a global deal effective June 11; U.S. commercial availability expected in mid-August.
- Raised 2026 revenue outlook to about USD 285 million-USD 295 million, excluding VEPPANU; still expects positive full-year net income.
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