RGLD financial statements

The full income statement, balance sheet, and cash-flow statement for Royal Gold Inc. (RGLD), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 65.7M2024-09 65.8M2024-12 65.8M2025-03 65.8M2025-06 65.8M2025-09 84.4M2025-12 84.8M2026-03 84.9M2026-06 84.7M+28.9% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2020
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofJun 30 ’21
Revenue	1.03B YoY+43.2%	719M YoY+18.8%	606M YoY+0.4%	603M YoY-2.1%	616M YoY+23.5%
Gross profit	714M YoY+51.6%	471M YoY+37.2%	343M	—	333M YoY+41.1%
Selling, general & administrative	49.2M YoY+20.2%	40.9M YoY+3.0%	39.8M YoY+14.9%	34.6M YoY+21.9%	28.4M YoY-6.0%
General & administrative	49.2M YoY+20.2%	40.9M YoY+3.0%	39.8M YoY+14.9%	34.6M YoY+21.9%	28.4M YoY-6.0%
Operating income	638M YoY+48.4%	430M YoY+41.8%	303M YoY+6.9%	284M YoY-16.0%	338M YoY+69.7%
Gain (loss) on equity securities	327K YoY+595.5%	-66.0K YoY+55.1%	-147K YoY+90.2%	-1.50M YoY-125.0%	6.02M YoY+324.3%
Pre-tax income	574M YoY+34.7%	426M YoY+51.0%	282M YoY+3.4%	273M YoY-19.7%	340M YoY+76.3%
Income tax	102M YoY+9.3%	93.6M YoY+122.8%	42.0M YoY+27.6%	32.9M YoY-10.7%	36.9M YoY+1108.9%
	466M YoY+40.4%	332M YoY+38.7%	239M YoY+0.2%	239M YoY-21.0%	303M YoY+51.8%
Net income to non-controlling interest	5.29M YoY+1061.2%	456K YoY-34.1%	692K YoY-27.9%	960K YoY+293.4%	244K YoY+107.9%
	$6.69 YoY+32.7%	$5.04 YoY+38.8%	$3.63	—	$4.60 YoY+51.8%
EPS (basic)	$6.70 YoY+32.9%	$5.04 YoY+38.5%	$3.64	—	$4.61 YoY+51.6%
	69.4M YoY+5.7%	65.7M YoY+0.1%	65.6M YoY+0.1%	65.6M YoY+0.0%	65.5M YoY+0.0%
	69.6M YoY+5.8%	65.8M YoY+0.1%	65.7M YoY+0.1%	65.7M YoY+0.1%	65.6M YoY-0.0%
Dividends per share	$1.82 YoY+10.6%	$1.65 YoY+8.2%	$1.52 YoY+8.9%	$1.40 YoY+18.7%	$1.18 YoY+6.3%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofJun 30 ’21
	377M YoY+37.1%	275M YoY+64.4%	167M YoY-9.9%	186M YoY-37.5%	297M YoY-18.0%
Cash & equivalents	234M YoY+19.6%	195M YoY+87.7%	104M YoY-12.2%	119M YoY-47.5%	226M YoY-29.2%
Prepaid expenses	4.89M YoY+120.6%	2.22M YoY+16.0%	1.91M YoY-9.9%	2.12M YoY+19.6%	1.77M YoY+44.5%
	9.54B YoY+181.2%	3.39B YoY+0.9%	3.36B YoY-4.9%	3.53B YoY+33.3%	2.65B YoY-4.1%
Operating lease right-of-use	—	4.32M YoY-9.5%	4.77M YoY-14.5%	5.58M YoY-18.0%	6.81M YoY-13.9%
Long-term investments	173M YoY+2881233.3%	6.00K	—	373K YoY-87.9%	3.08M YoY-82.7%
Other non-current assets	102M YoY+38.4%	74.0M YoY-37.3%	118M YoY+6.1%	111M YoY+20.6%	92.3M YoY+8.3%
	121M YoY+42.0%	85.2M YoY+17.6%	72.4M YoY+13.9%	63.6M YoY+22.1%	52.1M YoY+19.6%
Accounts payable	10.1M YoY-4.9%	10.6M YoY-7.5%	11.4M YoY+71.1%	6.69M YoY+4.5%	6.40M YoY+157.6%
Short-term & current debt	—	—	0.00	—	—
Current lease liability	4.25M YoY+340.0%	965K YoY-0.7%	972K YoY+5.3%	923K YoY-3.6%	957K YoY+6.2%
Other current liabilities	37.4M YoY+71.5%	21.8M YoY+13.9%	19.1M YoY+18.0%	16.2M YoY+40.6%	11.5M YoY+22.8%
	2.33B YoY+793.8%	261M YoY-43.3%	460M YoY-41.1%	781M YoY+427.1%	148M YoY-68.1%
Long-term debt	895M	0.00 YoY-100.0%	246M YoY-57.0%	572M	—
Deferred revenue (non-current)	69.2M YoY+176.8%	25.0M	0.00	—	—
Non-current lease liability	33.0M YoY+723.5%	4.00M YoY-14.3%	4.67M YoY-17.1%	5.64M YoY-21.7%	7.20M YoY-13.4%
Operating lease liability (total)	37.2M YoY+649.0%	4.97M YoY-12.0%	5.64M YoY-14.0%	6.56M YoY-19.5%	8.15M YoY-11.5%
Deferred tax liabilities	1.19B YoY+799.9%	132M YoY-1.5%	134M YoY-2.8%	138M YoY+57.0%	88.0M YoY+1.8%
Other non-current liabilities	55.9M YoY+203.0%	18.5M YoY+138.9%	7.73M YoY-0.1%	7.74M YoY+7.5%	7.20M YoY-13.4%
	7.16B YoY+129.5%	3.12B YoY+8.0%	2.89B YoY+5.4%	2.74B YoY+10.1%	2.49B YoY+9.6%
Preferred stock	0.00	0.00	0.00	—	—
Common stock	845K YoY+28.6%	657K YoY+0.2%	656K YoY+0.0%	656K YoY+0.0%	656K YoY+0.2%
Additional paid-in capital	5.93B YoY+166.0%	2.23B YoY+0.3%	2.22B YoY+0.4%	2.21B YoY+0.4%	2.20B YoY-0.3%
Retained earnings	1.23B YoY+37.9%	890M YoY+33.5%	667M YoY+26.4%	527M YoY+84.2%	286M YoY+368.2%
Accumulated other comprehensive income	993K	0.00	—	—	—
Non-controlling interest	48.2M YoY+293.6%	12.2M YoY-1.4%	12.4M YoY+0.4%	12.4M YoY-2.1%	12.6M YoY-57.7%
Total equity incl. non-controlling	7.21B YoY+130.1%	3.13B YoY+7.9%	2.90B YoY+5.3%	2.75B YoY+10.0%	2.50B YoY+8.7%
Total liabilities & equity	9.54B YoY+181.2%	3.39B YoY+0.9%	3.36B YoY-4.9%	3.53B YoY+33.3%	2.65B YoY-4.1%
	84.5M YoY+28.6%	65.7M	—	—	—
	84.5M YoY+28.6%	65.7M YoY+0.1%	65.6M YoY+0.1%	65.6M YoY+0.1%	65.6M YoY+0.0%
	84.8M YoY+29.0%	65.8M YoY+0.1%	65.7M YoY+0.1%	65.6M YoY+0.1%	65.6M YoY+0.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofJun 30 ’21
	705M YoY+33.1%	530M YoY+27.3%	416M YoY-0.4%	417M YoY+2.5%	407M YoY+19.5%
Depreciation & amortization	177M YoY+22.6%	144M YoY-12.4%	165M YoY-7.8%	179M YoY-2.5%	184M YoY+4.6%
Share-based compensation	11.8M YoY-0.7%	11.9M YoY+22.6%	9.70M YoY+15.3%	8.41M YoY+46.8%	5.73M YoY-37.1%
Deferred income taxes	-3.93M YoY-147.0%	8.35M YoY+229.1%	-6.47M YoY+67.4%	-19.8M YoY-4450.0%	456K YoY+101.4%
Change in receivables	18.1M YoY+24.3%	14.6M YoY+2897.9%	-521K YoY+88.9%	-4.68M YoY-124.0%	19.6M YoY+181.0%
Change in inventory	11.7M YoY+268.5%	3.19M YoY+211.1%	-2.87M YoY-373.4%	1.05M YoY-82.6%	6.01M YoY+1966.7%
Change in payables	-36.8M YoY-304.2%	-9.11M YoY-291.6%	4.76M YoY+2154.0%	211K YoY-93.5%	3.24M YoY+1277.1%
	-1.42B YoY-1726.2%	-77.7M YoY-2645.8%	-2.83M YoY+99.7%	-923M YoY-690.6%	-117M YoY+23.6%
Acquisitions	411M	0.00	0.00	0.00	0.00
Other investing activities	-299K YoY-357.8%	116K YoY-23.2%	151K YoY-79.1%	721K YoY+33.3%	541K YoY+117.3%
	752M YoY+308.6%	-360M YoY+15.7%	-427M YoY-188.9%	481M YoY+225.3%	-384M YoY-3362.1%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	375M YoY+50.0%	250M YoY-23.1%	325M YoY+160.0%	125M YoY-59.0%	305M YoY+165.2%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	119M YoY+12.6%	105M YoY+6.8%	98.6M YoY+7.2%	91.9M YoY+20.8%	76.1M YoY+6.5%
Other financing activities	-2.79M YoY-338.6%	-635K YoY+73.9%	-2.43M YoY-129.0%	-1.06M YoY+0.0%	-1.06M YoY-144.0%
Net change in cash	38.2M YoY-58.2%	91.3M YoY+733.4%	-14.4M YoY+42.2%	-25.0M YoY+73.2%	-93.2M YoY-146.7%
Interest paid	19.5M YoY+195.5%	6.59M YoY-76.5%	28.1M	—	3.51M YoY-28.4%
Income taxes paid	95.3M YoY+32.2%	72.1M YoY+43.3%	50.3M	—	59.0M YoY+86.9%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofJun 30 ’21
Market cap	18.9B YoY+117.4%	8.67B YoY+9.1%	7.95B YoY+7.4%	7.40B YoY-1.2%	7.49B YoY-8.2%
P/E	40.4× YoY+54.8%	26.1× YoY-23.4%	34.1× YoY+22.5%	27.8× YoY+12.5%	24.7× YoY-39.5%
P/S	18.3× YoY+51.8%	12.1× YoY-6.6%	12.9× YoY+12.2%	11.5× YoY-5.4%	12.2× YoY-25.6%
P/B	2.6× YoY-5.2%	2.8× YoY-0.3%	2.8× YoY+2.0%	2.7× YoY-9.1%	3.0× YoY-16.3%
	2.5% YoY-35.4%	3.8% YoY+30.6%	2.9% YoY-18.3%	3.6% YoY-11.1%	4.0% YoY+65.3%
	0.82% YoY-34.4%	1.3% YoY-0.7%	1.3% YoY+1.5%	1.2% YoY+20.1%	1.0% YoY+15.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: RGLD's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all RGLD filings on SEC EDGAR → Not investment advice.