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Royalty Pharma RPRX Q2 2026 earnings

Reported August 5, 2026 · Before market open

Revenue$773.0MBeat by $14.1M
EPS$1.32Beat by $0.05
Revenue estimate$758.9M
EPS estimate$1.27
Royalty Pharma delivered strong second quarter results with Royalty Receipts growth of 14%. Our transaction pipeline remains exciting and we continued to bolster our development-stage pipeline in recent months, bringing total Capital Deployment to over $1 billion so far in 2026. Following our acquisition of a royalty on AstraZeneca's cliramitug, our development-stage pipeline now totals 19 potential therapies. Lastly, our strong financial performance has allowed us to raise our top-line guidance for the second time this year, driven by the strength of our diversified portfolio. The fundamental tailwinds supporting our business are compelling and we remain well positioned as a premier capital allocator in life sciences to deliver consistent, compounding growth.
Pablo Legorreta

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$877.4M
EPS estimate$1.16

Financials

Q2 2026

Income statement

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Revenue$674.1M+16.5%
Operating income$133.1M-36.5%
Net income$17.9M-44.4%
EPS (diluted)$0.04-42.9%

Balance sheet

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Cash & equivalents$812.0M+28.5%
Total debt$9.0B+11.7%
Total equity$9.8B+3.1%
Total assets$19.8B+8.2%

Cash flow

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Operating cash flow$728.5M+100%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$27.52B+76.5%
Enterprise value$35.67B+55.2%
P/E33.8×+18.5×
P/S10.9×+4.1×

Profitability

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Operating margin59.6%-20.2pp
Net margin32.1%-12.3pp

Returns & leverage

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Return on equity8.5%-2.2pp
Debt / equity0.9×+0.1×
Current ratio2.8×+1.5×

FAQ

When did Royalty Pharma report Q2 2026 earnings?
Royalty Pharma (RPRX) reported Q2 2026 earnings on August 5, 2026 before market open.
What were Royalty Pharma's Q2 2026 revenue and EPS?
Royalty Pharma reported revenue of $773.0M and eps of $1.32 for Q2 2026.
Did Royalty Pharma beat estimates in Q2 2026?
Revenue beat the consensus estimate of $758.9M by $14.1M. EPS beat the consensus estimate of $1.27 by $0.05.
How did Royalty Pharma's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 33.6% from $578.7M a year earlier and eps grew 15.8% from $1.14.
Where can I find Royalty Pharma's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001802768-26-000014) and the 10-Q periodic report (0001802768-26-000015) directly on SEC EDGAR. The filing index links above go to sec.gov.