How OR Royalties makes money

Period

FY2025

How does OR Royalties make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

OR Royalties Inc. · FY2025 · year ended 2025-12-31

Revenue$277MGross profit$232M · 84%Cost of revenue$45M · 16%Operating income$197M · 71%Operating expenses$36M · 13%Other opex$36M · 13%Pre-tax income$241M · 87%Other income$45M · 16%Net income$206M · 74%Income tax$35M · 13%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.