Fundies.
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ROYAL GOLD, INC.

EDGAR
RGLD Current report (8-K) · filed 2026-10-20

Annual consolidated revenue for 2025: about USD 1.03B, using the latest reported figures. The previous period, 2024, was about USD 719.4M.

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Latest quarter

Revenue

451 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

62.13%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 279938000 USD Source
  • Revenue: 450539000 USD Source

Operating cash flow

335 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 628715000 USD Source
  • Operating Cash Flow: 293562000 USD Source
Cash and cash equivalents
182 million USD Source
Exact value

182468000 USD

Long-term debt including current maturities
0 USD Source
Exact value

0 USD

Shares outstanding
84.7 million shares Source
Exact value

84673027 shares

Reported share-count change

28.76% · 18.9 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 65760321 shares · 2025-06-30· Source
  • 84673027 shares · 2026-06-30· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-20.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 4 of 11 periods available· newest 2025-12-31
  • Operating income: 4 of 11 periods available· newest 2025-12-31
  • Net income: 4 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 4 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 3 of 11 periods available· newest 2025-12-31
  • Total liabilities: 3 of 11 periods available· newest 2025-12-31
  • Current assets: 3 of 11 periods available· newest 2025-12-31
  • Current liabilities: 3 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 3 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 1 of 11 periods available· newest 2023-12-31
  • Shares outstanding: 3 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +43.2%

    Prior period

    USD 719.4 million

    –

    Current period

    USD 1.03 billion

    –

    Exact inputs and evidence

    1030471000 − 719395000 = 311076000 USD

    719395000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1030471000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +40.4%

    Prior period

    USD 332.02 million

    –

    Current period

    USD 466.28 million

    –

    Exact inputs and evidence

    466281000 − 332023000 = 134258000 USD

    332023000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    466281000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +33.1%

    Prior period

    USD 529.5 million

    –

    Current period

    USD 704.85 million

    –

    Exact inputs and evidence

    704846000 − 529503000 = 175343000 USD

    529503000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    704846000 USD · 2025-01-01 – 2025-12-31

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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 1.03 billion 100% of revenue
  • Operating costs Derived USD 392.3 million 38% of revenue
  • Operating income USD 638.17 million 62% of revenue
  • Tax, interest and other Derived USD 171.89 million 17% of revenue
  • Net income USD 466.28 million 45% of revenue

Cash

  • Operating cash flow USD 704.85 million 68% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2022 40%53%
  • 2023 40%11%50%
  • 2024 46%14%40%
  • 2025 45%17%38%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2022 2022-01-01 – 2022-12-31603206000 319497000 Derived 283709000 44727000 Derived 238982000 Unavailable
Source
2023 2023-01-01 – 2023-12-31605717000 302515000 Derived 303202000 63762000 Derived 239440000 Unavailable
Source
2024 2024-01-01 – 2024-12-31719395000 289496000 Derived 429899000 97876000 Derived 332023000 Unavailable
Source
2025 2025-01-01 – 2025-12-311030471000 392304000 Derived 638167000 171886000 Derived 466281000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 1B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.1B834.7M556.5M278.2M0.02022202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Revenue603206000
2023Revenue605717000
2024Revenue719395000
2025Revenue1030471000

Revenue growth

Change in revenue from the same financial period one year earlier.

43.2% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.47%35%23%12%0%2022202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2022Year over yearNo prior comparable period
2023Year over year0.4%
2024Year over year18.8%
2025Year over year43.2%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 61.9% 2025
Net margin 45.2% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.67%50%33%17%0%2022202320242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2022Operating margin47%
2023Operating margin50.1%
2024Operating margin59.8%
2025Operating margin61.9%
2022Net margin39.6%
2023Net margin39.5%
2024Net margin46.2%
2025Net margin45.2%
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 704.8M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.761.2M570.9M380.6M190.3M0.02022202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Operating cash flow417345000
2023Operating cash flow415792000
2024Operating cash flow529503000
2025Operating cash flow704846000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

24.5% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.26.4%19.8%13.2%6.6%0.0%2022-12-31202320242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2022-12-31Liabilities / assetsNot reportedNo source recorded
2023Liabilities / assets13.7%
2024Liabilities / assets7.7%
2025Liabilities / assets24.5%

Current assets to current liabilities

Current assets divided by current liabilities.

3.12× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.49×2.62×1.75×0.87×0.00×2022-12-31202320242025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023Current assets / current liabilities2.31×
2024Current assets / current liabilities3.23×
2025Current assets / current liabilities3.12×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2022 2022-01-01 – 2022-12-31
USD 238.98 million
Exact value

Exact value: 238982000 USD

2022-01-01 – 2022-12-31: 238982000 USD Inspect Net Income Open source
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USD 417.35 million
Exact value

Exact value: 417345000 USD

2022-01-01 – 2022-12-31: 417345000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
USD 239.44 million
Exact value

Exact value: 239440000 USD

2023-01-01 – 2023-12-31: 239440000 USD Inspect Net Income Open source
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USD 415.79 million
Exact value

Exact value: 415792000 USD

2023-01-01 – 2023-12-31: 415792000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
USD 332.02 million
Exact value

Exact value: 332023000 USD

2024-01-01 – 2024-12-31: 332023000 USD Inspect Net Income Open source
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USD 529.5 million
Exact value

Exact value: 529503000 USD

2024-01-01 – 2024-12-31: 529503000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 466.28 million
Exact value

Exact value: 466281000 USD

2025-01-01 – 2025-12-31: 466281000 USD Inspect Net Income Open source
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USD 704.85 million
Exact value

Exact value: 704846000 USD

2025-01-01 – 2025-12-31: 704846000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

228 filings · 15,173 latest values · 15,173 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000085535, 85535, RGLD, edgar:85535

Also known as ROYAL GOLD INC, ROYAL GOLD INC /DE/, ROYAL GOLD, INC., Royal Gold, Inc, Royal Gold, Inc., Royal Gold, Inc