Royalty Pharma plc (RPRX) FY2025 Annual P&L / Income Statement

Revenue by Product and Service

2025-01-01 to 2025-12-31

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Royalty Pharma plc (RPRX) FY2025 Annual P&L / Income StatementIncome statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUEOPERATINGPRE-TAXNETIncome from financial royalty assetsOther royalty income and revenuesTotal income and other revenuesOperating incomeTotal operating expense, netGeneral and administrative expenses (includes $290,890, $3,224, and $3,302 of share-based compensation expense for the years ended December 31, 2025, 2024 and 2023, respectively; see Note 4)Research and development funding expenseProvision for changes in expected cash flows from financial royalty assetsProvision for credit losses on unfunded commitmentsConsolidated net income before taxTotal other expense/(income), netConsolidated net incomeTotal income and other revenuesTotal income andother revenues$2.38 BConsolidated net income before taxConsolidated netincome before tax$1.32 BOperating incomeOperating income$1.56 BConsolidated net incomeConsolidatednet income$1.32 BIncome from financial royalty assetsIncome from financial royalty assets$2.26 BTotal operating expense, netTotal operatingexpense, net$818.68 MIncome tax expenseIncome tax expense$0.00Total other expense/(income), netTotal otherexpense/(income), net−$235.33 MGeneral and administrative expenses (includes $290,890, $3,224, and $3,302 of share-based compensation expense for the years ended December 31, 2025, 2024 and 2023, respectively; see Note 4)General andadministrative expenses$573.48 MOther royalty income and revenuesOther royalty income and revenues$117.04 MResearch and development funding expenseResearch and developmentfunding expense$452.00 MProvision for changes in expected cash flows from financial royalty assetsProvision for changes inexpected cash flows fromfinancial royalty assets−$295.84 MProvision for credit losses on unfunded commitmentsProvision for credit losseson unfunded commitments$89.03 M
Chart details

Royalty Pharma plc (RPRX) FY2025 Annual P&L / Income Statement

Income statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total income and other revenues
2,378,193,000 US dollars
Total operating expense, net
818,675,000 US dollars
Operating income
1,559,518,000 US dollars
Total other expense/(income), net
negative 235,326,000 US dollars
Consolidated net income before tax
1,324,192,000 US dollars
Income tax expense
0 US dollars
Consolidated net income
1,324,192,000 US dollars
Income from financial royalty assets
2,261,152,000 US dollars
Other royalty income and revenues
117,041,000 US dollars
Provision for changes in expected cash flows from financial royalty assets
negative 295,838,000 US dollars
Provision for credit losses on unfunded commitments
89,032,000 US dollars
Research and development funding expense
452,000,000 US dollars
General and administrative expenses (includes $290,890, $3,224, and $3,302 of share-based compensation expense for the years ended December 31, 2025, 2024 and 2023, respectively; see Note 4)
573,481,000 US dollars

Chart connections

  • Revenue minus operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
  • Of which attributable to Royalty Pharma plc: $770.95 M; to noncontrolling interests: $553.25 M.
Royalty Pharma plc (RPRX) FY2025 Annual P&L / Income Statement Sankey chart
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Operating margin

65.6%

Operating profit / revenue

Cash conversion

188.0%

Operating cash / net income, same period

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