Discontinued — last reported Q3 '25

Other

Less: net unamortized discount

Royalty Pharma Less: net unamortized discount decreased by 2.4% to $223.56M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 22.5%, from $182.55M to $223.56M. Over 5 years (FY 2020 to FY 2025), Less: net unamortized discount shows an upward trend with a 4.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryLeverage
SignalLower is better
VolatilityStable
First reportedQ4 2015
Last reportedQ3 2025

How to read this metric

A large unamortized discount indicates significant debt issued at a price below par, often due to interest rate environments at the time of issuance.

Detailed definition

This represents the difference between the face value of debt and the proceeds received at issuance, which is being amor...

Peer comparison

Standard accounting adjustment for debt instruments across all capital-intensive companies.

Metric ID: other_debt_instrument_unamortized_discount

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$174.44M$209.33M$203.93M$198.86M$193.80M$188.74M$183.68M$178.62M$173.56M$168.81M$164.72M$160.62M$197.98M$192.62M$187.57M$182.55M$177.50M$234.27M$229.08M$223.56M
QoQ Change+20.0%-2.6%-2.5%-2.5%-2.6%-2.7%-2.8%-2.8%-2.7%-2.4%-2.5%+23.3%-2.7%-2.6%-2.7%-2.8%+32.0%-2.2%-2.4%
YoY Change+11.1%-9.8%-9.9%-10.2%-10.4%-10.6%-10.3%-10.1%+14.1%+14.1%+13.9%+13.6%-10.3%+21.6%+22.1%+22.5%
Range$160.62M$234.27M
CAGR+5.4%
Avg YoY Growth+3.2%
Median YoY Growth+0.6%
Current Streak2 quarters decline

Frequently Asked Questions

What is Royalty Pharma's less: net unamortized discount?
Royalty Pharma (RPRX) reported less: net unamortized discount of $223.56M in Q1 2026.
How has Royalty Pharma's less: net unamortized discount changed year-over-year?
Royalty Pharma's less: net unamortized discount increased by 22.5% year-over-year, from $182.55M to $223.56M.
What is the long-term trend for Royalty Pharma's less: net unamortized discount?
Over 5 years (2020 to 2025), Royalty Pharma's less: net unamortized discount has grown at a 4.5% compound annual growth rate (CAGR), from $183.42M to $229.08M.
What does less: net unamortized discount mean?
The portion of debt issuance discounts that has not yet been recorded as interest expense.