Royal Gold Inc (RGLD) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RGLD SEC filings page.
Royal Gold Inc (RGLD) reported $1.5B in revenue over the twelve months to Jun 30, 2026, up 93.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Royal Gold’s 2025 expansion combined sharper margins with heavy asset investment funded by additional debt and equity.
Operating cash flow exceeded net income by roughly 1.5x in FY2025, while depreciation and amortization was$177.1M ; this indicates reported earnings converted into cash without relying solely on accounting profit. However, investing outflow reached$1.4B , about twice annual operating cash flow, so expansion absorbed more cash than operations produced and required financing.
The operating margin rose from
Total assets increased from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Royal Gold Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Royal Gold Inc has an operating margin of 61.9%, meaning the company retains $62 of operating profit per $100 of revenue. This strong profitability earns a score of 95/100, reflecting efficient cost management and pricing power. This is up from 59.8% the prior year.
Royal Gold Inc's revenue surged 43.2% year-over-year to $1.0B, reflecting rapid business expansion. This strong growth earns a score of 90/100.
Royal Gold Inc has a moderate D/E ratio of 0.13. This balance of debt and equity financing earns a leverage score of 51/100.
With a current ratio of 3.12, Royal Gold Inc holds $3.12 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 80/100.
Not available for Royal Gold Inc, and counted as zero in the overall score.
Royal Gold Inc earns a strong 6.5% return on equity (ROE), meaning it generates $7 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 67/100. This is down from 10.7% the prior year.
Royal Gold Inc scores 5.65, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($19.9B) relative to total liabilities ($2.3B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Royal Gold Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Royal Gold Inc generates $1.51 in operating cash flow ($704.8M OCF vs $466.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Royal Gold Inc generated $450.5M in revenue in Q2 2026. This represents an increase of 114.9% from the same quarter a year earlier. Against the prior quarter it is down 4.0%.
Royal Gold Inc's EBITDA was $376.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 117.4% from the same quarter a year earlier. Against the prior quarter it is down 3.0%.
Royal Gold Inc reported $236.4M in net income in Q2 2026. This represents an increase of 78.6% from the same quarter a year earlier. Against the prior quarter it is down 15.9%.
Royal Gold Inc earned $2.78 per diluted share (EPS) in Q2 2026. This represents an increase of 38.3% from the same quarter a year earlier. Against the prior quarter it is down 15.8%.
Cash & Balance Sheet
Royal Gold Inc held $182.5M in cash against $395.9M in long-term debt as of Q2 2026.
Royal Gold Inc paid $0.47 per share in dividends in Q2 2026. This represents an increase of 5.6% from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Margins & Returns
Royal Gold Inc's gross margin was 64.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 8.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.5 percentage points.
Royal Gold Inc's operating margin was 62.1% in Q2 2026, reflecting core business profitability. This is down 5.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.2 percentage points.
Royal Gold Inc's net profit margin was 52.5% in Q2 2026, showing the share of revenue converted to profit. This is down 10.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.5 percentage points.
Royal Gold Inc's ROE was 3.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.7 percentage points.
Capital Allocation
Royal Gold Inc spent $30.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding.
Not reported for Q2 2026.
Not reported for Q2 2026.
RGLD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $450.5M+114.9% | $469.1M+142.5% | $375.3M+85.3% | $252.1M+30.0% | $209.6M+20.4% | $193.4M+29.9% | $202.6M+32.7% | $193.8M+39.8% |
| Cost of Revenue | $60.1M+148.5% | $60.3M+146.2% | $50.8M+108.4% | $31.4M+15.4% | $24.2M0.0% | $24.5M+12.7% | $24.4M+17.4% | $27.2M+27.4% |
| Gross Profit | $291.1M+91.3% | $314.9M+134.6% | $242.4M+70.2% | $185.4M+43.7% | $152.2M+35.1% | $134.3M+54.3% | $142.4M+59.1% | $129.0M+70.7% |
| SG&A Expenses | $13.4M+30.9% | $17.5M+58.5% | $17.6M+98.0% | $10.2M+1.1% | $10.3M-2.3% | $11.1M-3.1% | $8.9M-8.5% | $10.1M+1.8% |
| Operating Income | $279.9M+97.4% | $297.1M+141.3% | $210.9M+58.0% | $162.3M+36.6% | $141.8M+38.9% | $123.1M+63.0% | $133.4M+67.5% | $118.8M+81.3% |
| EBITDA | $376.1M+117.4% | $388.0M+148.5% | $290.9M+74.0% | $195.2M+25.9% | $173.0M+25.5% | $156.1M+36.6% | $167.2M+39.6% | $155.0M+46.7% |
| Income Tax | $58.2M+452.7% | $25.4M+144.5% | $52.7M+101.9% | $28.7M+33.4% | $10.5M-44.5% | $10.4M-61.6% | $26.1M+95.3% | $21.5M+100.1% |
| Net Income | $236.4M+78.6% | $281.1M+147.7% | $93.6M-12.8% | $126.8M+31.8% | $132.3M+63.0% | $113.5M+140.6% | $107.4M+71.1% | $96.2M+95.1% |
| EPS (Basic) | $2.78+38.3% | $3.31+92.4% | $1.04-36.2% | $1.92+31.5% | $2.01+63.4% | $1.72+138.9% | $1.63+71.6% | $1.46+94.7% |
| EPS (Diluted) | $2.78+38.3% | $3.30+91.9% | $1.04-36.2% | $1.92+31.5% | $2.01+63.4% | $1.72+138.9% | $1.63+71.6% | $1.46+94.7% |
| Diluted Shares (Avg) | 85M+29.2% | 85M+29.2% | N/A | 66M+0.1% | 66M+0.1% | 66M+0.1% | N/A | 66M+0.1% |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
RGLD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.4B+164.5% | $9.5B+174.4% | $9.5B+181.2% | $4.5B+35.2% | $3.6B+9.3% | $3.5B+4.4% | $3.4B+0.9% | $3.3B-2.8% |
| Current Assets | $370.0M+8.2% | $412.3M+30.3% | $377.4M+37.1% | $287.4M+42.2% | $342.0M+156.2% | $316.5M+63.9% | $275.3M+64.4% | $202.1M+23.4% |
| Cash & Equivalents | $182.5M-26.5% | $234.1M-2.7% | $233.7M+19.6% | $172.8M+35.2% | $248.2M+234.3% | $240.8M+74.5% | $195.5M+87.7% | $127.9M+24.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $132.1M | $97.1M | $172.9M+2881233.3% | $0 | $0 | $0 | $6K | $0 |
| Total Liabilities | $1.8B+616.3% | $2.0B+733.7% | $2.3B+793.8% | $1.0B+318.2% | $253.5M-11.9% | $243.2M-37.6% | $260.9M-43.3% | $250.7M-53.2% |
| Current Liabilities | $126.5M+66.3% | $117.1M+75.4% | $120.9M+42.0% | $99.5M+15.3% | $76.1M-37.8% | $66.8M-13.4% | $85.2M+17.6% | $86.3M+21.8% |
| Non-Current Liabilities | $1.7B+852.2% | $1.9B+983.0% | $2.2B+1158.0% | $949.0M+477.3% | $177.4M+7.2% | $176.4M-43.6% | $175.8M-54.7% | $164.4M-64.6% |
| Long-Term Debt | $395.9M | $595.7M | $895.4M | $770.2M | N/A | N/A | $0-100.0% | $0-100.0% |
| Total Equity | $7.6B+129.4% | $7.4B+131.5% | $7.2B+129.5% | $3.4B+12.1% | $3.3B+11.4% | $3.2B+10.0% | $3.1B+8.0% | $3.0B+6.6% |
| Retained Earnings | $1.7B+54.6% | $1.5B+50.7% | $1.2B+37.9% | $1.2B+44.5% | $1.1B+45.0% | $973.9M+41.7% | $890.0M+33.5% | $812.2M+28.9% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
RGLD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $335.2M+119.3% | $293.6M+115.3% | $241.7M+71.4% | $174.0M+27.3% | $152.8M+34.6% | $136.4M-1.4% | $141.1M+39.5% | $136.7M+39.3% |
| Depreciation & Amortization | $96.2M+208.8% | $90.9M+175.4% | $80.0M+137.2% | $32.9M-9.0% | $31.2M-12.9% | $33.0M-14.9% | $33.7M-15.8% | $36.2M-9.8% |
| Stock-Based Compensation | $3.3M+21.4% | $3.6M+12.3% | N/A | $2.9M-1.2% | $2.7M-18.9% | $3.2M+7.0% | N/A | $3.0M+7.7% |
| Investing Cash Flow | -$117.2M-4.0% | $34.1M+158.5% | -$261.6M-457.7% | -$985.9M-28618.7% | -$112.8M-121.4% | -$58.3M-347.1% | -$46.9M-2345200.0% | -$3.4M-57116.7% |
| Financing Cash Flow | -$269.6M-726.3% | -$327.2M-897.3% | $80.8M+404.4% | $736.6M+1025.8% | -$32.6M+74.2% | -$32.8M+74.4% | -$26.5M+73.4% | -$79.6M+21.5% |
| Dividends Paid | $40.3M+36.1% | $40.2M+35.7% | $29.6M+12.6% | $29.6M+12.6% | $29.6M+12.6% | $29.6M+12.6% | $26.3M+6.8% | $26.3M+6.8% |
| Share Buybacks | $30.0M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
RGLD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.6%-8.0pp | 67.1%-2.3pp | 64.6%-5.7pp | 73.6%+7.0pp | 72.6%+7.9pp | 69.4%+11.0pp | 70.3%+11.7pp | 66.6%+12.0pp |
| Operating Margin | 62.1%-5.5pp | 63.3%-0.3pp | 56.2%-9.7pp | 64.4%+3.1pp | 67.7%+9.0pp | 63.6%+12.9pp | 65.9%+13.7pp | 61.3%+14.0pp |
| Net Margin | 52.5%-10.7pp | 59.9%+1.3pp | 24.9%-28.1pp | 50.3%+0.7pp | 63.1%+16.5pp | 58.7%+27.0pp | 53.0%+11.9pp | 49.6%+14.1pp |
| Return on Equity | 3.1%-0.9pp | 3.8%+0.3pp | 1.3%-2.1pp | 3.7%+0.5pp | 4.0%+1.3pp | 3.5%+1.9pp | 3.4%+1.3pp | 3.2%+1.4pp |
| Return on Assets | 2.5%-1.2pp | 3.0%-0.3pp | 1.0%-2.2pp | 2.8%-0.1pp | 3.7%+1.2pp | 3.3%+1.9pp | 3.2%+1.3pp | 2.9%+1.5pp |
| Current Ratio | 2.92-1.6x | 3.52-1.2x | 3.12-0.1x | 2.89+0.5x | 4.49+3.4x | 4.74+2.2x | 3.23+0.9x | 2.340.0x |
| Debt-to-Equity | 0.050.0x | 0.080.0x | 0.13+0.1x | 0.23+0.2x | 0.08+0.1x | 0.080.0x | 0.00-0.1x | 0.00-0.1x |
| Asset Turnover | 0.050.0x | 0.050.0x | 0.040.0x | 0.060.0x | 0.060.0x | 0.060.0x | 0.060.0x | 0.060.0x |
Not reported in any period shown, so not listed: FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Royal Gold Inc RGLD | FY2025 | $1.0B | $466.3M | 45.3% | $19.9B | 64/100 |
| Alamos Gold Inc. AGI | FY2025 | $1.8B | $885.8M | 49.0% | $13.5B | 53/100 |
| Pan American Silver Corp. PAAS | FY2025 | $3.6B | $980.0M | 27.1% | $18.8B | 55/100 |
| Franco-Nevada Corporation FNV | FY2025 | $1.8B | $1.1B | 61.0% | $46.4B | 61/100 |
| Kinross Gold Corporation KGC | FY2025 | $7.1B | $2.5B | 35.0% | $28.0B | 55/100 |
| Wheaton Precious Metals Corp. WPM | FY2025 | $2.3B | $1.5B | 63.6% | $61.9B | 47/100 |
Where Royal Gold Inc Ranks
Frequently Asked Questions
What is Royal Gold Inc's annual revenue?
Royal Gold Inc (RGLD) reported $1.0B in total revenue for fiscal year 2025. This represents a 43.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Royal Gold Inc's revenue growing?
Royal Gold Inc (RGLD) revenue grew by 43.2% year-over-year, from $719.4M to $1.0B in fiscal year 2025.
Is Royal Gold Inc profitable?
Yes, Royal Gold Inc (RGLD) reported a net income of $466.3M in fiscal year 2025, with a net profit margin of 45.3%.
What is Royal Gold Inc's EBITDA?
Royal Gold Inc (RGLD) had EBITDA of $815.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Royal Gold Inc have?
As of fiscal year 2025, Royal Gold Inc (RGLD) had $233.7M in cash and equivalents against $895.4M in long-term debt.
What is Royal Gold Inc's gross margin?
Royal Gold Inc (RGLD) had a gross margin of 69.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Royal Gold Inc's operating margin?
Royal Gold Inc (RGLD) had an operating margin of 61.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Royal Gold Inc's net profit margin?
Royal Gold Inc (RGLD) had a net profit margin of 45.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Royal Gold Inc pay dividends?
Yes, Royal Gold Inc (RGLD) paid $1.82 per share in dividends during fiscal year 2025.
What is Royal Gold Inc's return on equity (ROE)?
Royal Gold Inc (RGLD) has a return on equity of 6.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Royal Gold Inc's operating cash flow?
Royal Gold Inc (RGLD) generated $704.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Royal Gold Inc's total assets?
Royal Gold Inc (RGLD) had $9.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Royal Gold Inc's current ratio?
Royal Gold Inc (RGLD) had a current ratio of 3.12 as of fiscal year 2025, which is generally considered healthy.
What is Royal Gold Inc's debt-to-equity ratio?
Royal Gold Inc (RGLD) had a debt-to-equity ratio of 0.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Royal Gold Inc's return on assets (ROA)?
Royal Gold Inc (RGLD) had a return on assets of 4.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Royal Gold Inc's P/E ratio?
Royal Gold Inc (RGLD) trades at 26.9x earnings, its market capitalization divided by net income of $738.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $19.9B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Royal Gold Inc's price-to-sales ratio?
Royal Gold Inc (RGLD) trades at 12.8x sales, its market capitalization divided by revenue of $1.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $19.9B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Royal Gold Inc's Altman Z-Score?
Royal Gold Inc (RGLD) has an Altman Z-Score of 5.65, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Royal Gold Inc's Piotroski F-Score?
Royal Gold Inc (RGLD) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Royal Gold Inc's earnings high quality?
Royal Gold Inc (RGLD) has an earnings quality ratio of 1.51x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Royal Gold Inc?
Royal Gold Inc (RGLD) scores 64 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.