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Royalty Pharma RPRX TEV-408 — Unfunded Commitments

Other product segments

JNJ‑4804
$437.5M
Litifilimab
$0

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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 TEV-408 — unfunded commitments?
Royalty Pharma (RPRX) reported TEV-408 — unfunded commitments of $65.15M in Q2 2026.
What does TEV-408 — unfunded commitments mean?
This metric measures the portion of total contractual royalty acquisition obligations that has not yet been disbursed to partners. It represents the remaining capital the firm is obligated to pay out as specific milestones or development targets are achieved. Tracking this provides visibility into near-term liquidity requirements and the timing of future cash outflows.

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