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.
RGLD Q4 2025 Key Financial Metrics
Revenue
$375.3M
Gross Profit
$242.4M
Operating Profit
$210.9M
Net Profit
$93.6M
Gross Margin
64.6%
Operating Margin
56.2%
Net Margin
24.9%
YoY Growth
85.3%
EPS
$1.04
Financial Flow
ROYAL GOLD INC Q4 2025 Financial Summary
ROYAL GOLD INC reported revenue of $375.3M (up 85.3% YoY) for Q4 2025, with a net profit of $93.6M (down 12.8% YoY) (24.9% margin). Cost of goods sold was $132.9M, operating expenses totaled $31.6M.
Key Financial Metrics
| Total Revenue | $375.3M |
|---|---|
| Net Profit | $93.6M |
| Gross Margin | 64.6% |
| Operating Margin | 56.2% |
| Report Period | Q4 2025 |
Revenue Breakdown
ROYAL GOLD INC Q4 2025 revenue of $375.3M breaks down across 7 segments, led by Gold at $216.9M (57.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Gold | $216.9M | 57.8% |
| Pueblo Viejo | $47.3M | 12.6% |
| Andacollo | $32.6M | 8.7% |
| Silver | $32.1M | 8.6% |
| Other | $27.2M | 7.3% |
| Copper | $13.7M | 3.7% |
| Cortez Legacy Zone | $5.4M | 1.4% |
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 Gold and Pueblo Viejo) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Gold | $216.9M | $131.9M | $104.5M | — |
| Pueblo Viejo | $47.3M | — | $25.6M | $28.8M |
| Andacollo | $32.6M | $23.0M | — | $12.7M |
| Silver | $32.1M | — | $19.0M | $18.7M |
| Other | $27.2M | — | — | — |
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). Click any linked year to see what changed vs the prior annual report.
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 |