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Royalty Pharma RPRX JNJ‑4804 — Unfunded Commitments

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Other financials

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

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Market cap$25.6B+63.7%
Enterprise value$33.75B+46.5%
P/E31.4×+16.1×
P/S10.1×+3.3×

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×

Where this comes from

Reported directly by Royalty Pharma in its filing.

Tagged under the XBRL concept rprx:ResearchAndDevelopmentUnfundedCommitments.

The source filing: Royalty Pharma’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 9:02 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001802768-26-000015
Product CandidatesCounterpartiesTotal CommitmentsFunding TimingUnfunded Commitments
JNJ‑4804Johnson & Johnson$500,000Eight fixed quarterly payments commencing in the second quarter of 2026$437,500
TEV-’408(1)Teva Pharmaceuticals75,000Variable quarterly payments commencing in second quarter of 202665,149
LitifilimabBiogen250,000Six fixed quarterly payments commencing in first quarter of 2025
Total$825,000$502,649

Item 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Royalty Pharma's JNJ‑4804 — unfunded commitments?
Royalty Pharma (RPRX) reported JNJ‑4804 — unfunded commitments of $437.5M in Q2 2026.
What does JNJ‑4804 — unfunded commitments mean?
This metric measures the portion of the total contractual commitment for the JNJ-4804 asset that has not yet been paid out or deployed by the company. It represents future cash outflows required to satisfy existing investment agreements as specific milestones or conditions are met. Monitoring this figure is essential for assessing near-term liquidity requirements and future capital deployment obligations.

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