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Royalty Pharma RPRX Trelegy — Milestone payable

Similar metrics at other companies

LON
LONAMilestone Liabilities
$14.19M
OS Therapies logo
OSTXMilestone Payments
$22.38M0.0%
Insmed logo
INSMPayment Of Milestone
$15M
HRO
HROWAccrual Of Milestone Payment
$1.75M
OS Therapies logo
OSTXMilestone Payments
$22.38M0.0%
Tarsus Pharmaceuticals, Inc. logo
TARSDevelopment and Regulatory Milestone — Milestone payments to be achieved
$67.5M0.0%

Other financials

Income statement

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Revenue$630.6M+11.0%
Operating income$563.0M+5.4%
Net income$294.7M+23.1%
EPS (diluted)$0.67+21.8%

Balance sheet

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Cash & equivalents$586.4M-46.1%
Total debt$9.0B+17.8%
Total equity$9.9B+1.6%
Total assets$19.8B+12.5%

Cash flow

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Operating cash flow$718.2M+20.5%

Valuation

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Market cap$24.85B+72.3%
Enterprise value$33.24B+52.8%
P/E30×+15.9×
P/S10.2×+3.9×

Profitability

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Operating margin65.1%-18.9pp
Net margin33.9%-14.4pp

Returns & leverage

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Return on equity8.4%-2.7pp
Debt / equity0.9×+0.1×
Current ratio2.7×+1.1×

Where this comes from

Reported directly by Royalty Pharma in its filing.

Tagged under the XBRL concept rprx:MilestonePaymentAccruedButNotPaid.

The official record: Royalty Pharma’s 10-K, filed February 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Royalty Pharma's trelegy — milestone payable?
Royalty Pharma (RPRX) reported trelegy — milestone payable of $12.5M in Q4 2025.
How has Royalty Pharma's trelegy — milestone payable changed year-over-year?
Royalty Pharma's trelegy — milestone payable decreased by 0.0% year-over-year, from $12.5M to $12.5M.
What does trelegy — milestone payable mean?
This metric represents the contractual obligation to make one-time payments triggered by the achievement of specific regulatory, clinical, or commercial milestones related to a licensed pharmaceutical asset. These payments are distinct from recurring royalty streams and reflect the realization of value-inflection events within the product's lifecycle. Monitoring these obligations is essential for assessing near-term cash outflow requirements and the progress of development-stage assets.