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
$193.4M
Gross Profit
$134.3M
Operating Profit
$123.1M
Net Profit
$113.5M
Gross Margin
69.4%
Operating Margin
63.6%
Net Margin
58.7%
YoY Growth
29.9%
EPS
$1.72
Financial Flow
ROYAL GOLD INC Q1 2025 Financial Summary
ROYAL GOLD INC reported revenue of $193.4M (up 29.9% YoY) for Q1 2025, with a net profit of $113.5M (up 140.6% YoY) (58.7% margin). Cost of goods sold was $59.2M, operating expenses totaled $11.1M.
Key Financial Metrics
| Total Revenue | $193.4M |
|---|---|
| Net Profit | $113.5M |
| Gross Margin | 69.4% |
| Operating Margin | 63.6% |
| Report Period | Q1 2025 |
Revenue Breakdown
ROYAL GOLD INC Q1 2025 revenue of $193.4M breaks down across 8 segments, led by Royalty Interests at $71.0M (36.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Royalty Interests | $71.0M | 36.7% |
| Mt.Milligan | $42.8M | 22.1% |
| Pueblo Viejo | $28.8M | 14.9% |
| Silver | $18.7M | 9.7% |
| Andacollo | $12.7M | 6.6% |
| Copper | $9.2M | 4.8% |
| Other Materials | $7.3M | 3.8% |
| Cortez CC Zone | $3.6M | 1.8% |
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 Royalty Interests and Mt.Milligan) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Royalty Interests | — | — | — | $71.0M |
| Mt.Milligan | — | $61.1M | — | $42.8M |
| Pueblo Viejo | $47.3M | — | $25.6M | $28.8M |
| Silver | $32.1M | — | $19.0M | $18.7M |
| Andacollo | $32.6M | $23.0M | — | $12.7M |
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 |