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Royal Gold Income Statement

Revenue, expenses, and profitability over time

Royal Gold generated $1.3B in trailing twelve-month revenue, up 0.7% year-over-year. Net income was $633.9M with a 48.53% net margin. Gross margin stands at 87.23% and operating margin at 62.18%. Diluted EPS is $8.27, which grew 0.4% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$1.3BGross Profit (TTM)$1.1BOperating Income (TTM)$812.1MNet Income (TTM)$633.9MEps Diluted (TTM)$8.27
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$17.4B
P/E Ratio27.39
ROE11.94%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$33.7M$33M$31.2M$32.9M$80M$90.9M
General and administrative$8.9M$11.1M$10.3M$10.2M$17.6M$17.5M
Total operating expenses$69.1M$70.3M$67.8M$89.7M$164.5M$172M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$1.63$1.72$2.01$1.92$1.04$3.31
Diluted earnings per share$1.63$1.72$2.01$1.92$1.04$3.30
Weighted-average shares, basic65.7M65.7M65.7M65.8M69.4M84.7M
Weighted-average shares, diluted65.8M65.8M65.8M65.8M69.6M85M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$178.2M$168.9M$185.5M$220.7M$324.5M$408.8M
Operating income$133.4M$123.1M$141.8M$162.3M$210.9M$297.1M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$133.6M$124M$143M$160.5M$146.4M$307.1M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$26.1M$10.4M$10.5M$28.7M$52.7M$25.4M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest income$1.6M$2M$2.7M$6.8M$2.9M$3.2M
Gain on retained interest in Sandisk-$24K-$37K$3K$0$362K$6M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$107.4M$113.5M$132.3M$126.8M$93.6M$281.1M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends declared (in dollars per share)$0.45$0.45$0.45$0.45$0.47$0.47
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$83M$113.5M———$280.1M
Interest and Other Expense$1.4M$1.2M$1.5M$8.6M$17.7M$13.2M
Interest income and other, net$1.6M$2M$2.7M$6.8M$2.9M$3.2M
Unrealized gains (losses) on available-for-sale debt securities, tax$0-$248.3K-$248.3K-$248.3K-$248.3K—
Unrealized gains (losses) on available-for-sale securities—$0———-$993K
Revenue From Contract With Customer Excluding Assessed Tax$202.6M$193.4M$209.6M$252.1M$375.3M$469.1M
Taxes other than income taxes and other – net$2.1M$1.8M$2.2M$2.4M$2.2M$3.3M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$24.4M$24.5M$24.2M$31.4M$50.8M$60.3M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$202.6M$193.4M$209.6M$252.1M$375.3M$469.1M