ROYAL GOLD INCRGLDEarnings & Financial Report
Royal Gold Inc. is a leading precious metals streaming and royalty firm that acquires and manages a diversified portfolio of streaming interests, royalties, and equity interests tied to mining projects. Its assets cover gold, silver, and copper production across North America, South America, Africa, and Australia, operating with a low-risk model that avoids direct mining operations.
Revenue
$148.9M
Gross Profit
$87.0M
Operating Profit
$75.5M
Net Profit
$47.2M
Gross Margin
58.4%
Operating Margin
50.7%
Net Margin
31.7%
YoY Growth
-12.6%
EPS
$0.72
Financial Flow
ROYAL GOLD INC Q1 2024 Financial Summary
ROYAL GOLD INC reported revenue of $148.9M (down 12.6% YoY) for Q1 2024, with a net profit of $47.2M (down 26.2% YoY) (31.7% margin). Cost of goods sold was $61.9M, operating expenses totaled $11.5M.
Key Financial Metrics
| Total Revenue | $148.9M |
|---|---|
| Net Profit | $47.2M |
| Gross Margin | 58.4% |
| Operating Margin | 50.7% |
| Report Period | Q1 2024 |
Revenue Breakdown
ROYAL GOLD INC Q1 2024 revenue of $148.9M breaks down across 10 segments, led by Mt.Milligan at $35.0M (23.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Mt.Milligan | $35.0M | 23.5% |
| Other Interest | $30.3M | 20.4% |
| Pueblo Viejo | $17.8M | 11.9% |
| Silver | $14.7M | 9.9% |
| Cortez Legacy Zone | $13.4M | 9.0% |
| Andacollo | $11.7M | 7.9% |
| Copper | $9.5M | 6.4% |
| Khoemacau | $7.8M | 5.2% |
| Other Materials | $4.9M | 3.3% |
| Cortez CC Zone | $4.4M | 3.0% |
ROYAL GOLD INC Revenue by Segment — Quarterly Trend
ROYAL GOLD INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Mt.Milligan and Other Interest) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Mt.Milligan | — | $61.1M | — | $42.8M |
| Other Interest | — | — | $34.4M | — |
| Pueblo Viejo | $47.3M | — | $25.6M | $28.8M |
| Silver | $32.1M | — | $19.0M | $18.7M |
| Cortez Legacy Zone | $5.4M | $6.8M | $8.5M | — |
ROYAL GOLD INC Annual Revenue by Year
ROYAL GOLD INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.0B |
| 2024 | $719.4M |
| 2023 | $605.7M |
| 2022 | $603.2M |
ROYAL GOLD INC Quarterly Revenue & Net Profit History
ROYAL GOLD INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $375.3M | +85.3% | $93.6M | 24.9% |
| Q3 2025 | $252.1M | +30.0% | $126.8M | 50.3% |
| Q2 2025 | $209.6M | +20.4% | $132.3M | 63.1% |
| Q1 2025 | $193.4M | +29.9% | $113.5M | 58.7% |
| Q4 2024 | $202.6M | +32.7% | $107.4M | 53.0% |
| Q3 2024 | $193.8M | +39.8% | $96.2M | 49.7% |
| Q2 2024 | $174.1M | +20.9% | $81.2M | 46.6% |
| Q1 2024 | $148.9M | -12.6% | $47.2M | 31.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $148.9M | $174.1M | $193.8M | $202.6M | $193.4M | $209.6M | $252.1M | $375.3M |
| YoY Growth | -12.6% | 20.9% | 39.8% | 32.7% | 29.9% | 20.4% | 30.0% | 85.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.31B | $3.27B | $3.30B | $3.39B | $3.46B | $3.57B | $4.47B | $9.54B |
| Liabilities | $389.9M | $287.8M | $250.7M | $260.9M | $243.2M | $253.5M | $1.05B | $2.33B |
| Equity | $2.91B | $2.97B | $3.04B | $3.12B | $3.20B | $3.31B | $3.41B | $7.16B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $138.3M | $113.5M | $136.7M | $141.1M | $136.4M | $152.8M | $174.0M | $241.7M |