Royalty Pharma plc (RPRX) FY2025 Annual P&L / Income Statement
2025-01-01 to 2025-12-31
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 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
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- 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.

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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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