Royalty Pharma (RPRX) Net Long-Term Debt Issued (Repaid) (2019 - 2025)
Royalty Pharma's Non-Current Debt was $8.58 billion in Q2 2026, up 22.5% from $7 billion a year earlier and up 0.1% from the prior quarter.
Powered by 
Analysis
Royalty Pharma (RPRX) Net Long-Term Debt Issued (Repaid) (2019 - 2025) Analysis & Trends
At the end of FY2025, Non-Current Debt at Royalty Pharma came in at $8.57 billion, up 29.6% from FY2024.
- Non-Current Debt has now increased for three consecutive years, with a five-year compound annual growth rate of 8.1% (FY2020 to FY2025).
- In earlier years, Non-Current Debt was $6.61 billion in FY2024 (+7.8%), $6.14 billion in FY2023 (+0.3%), $6.12 billion in FY2022 (-13.8%) and $7.1 billion in FY2021 (+22.0%).
- The Q2 2026 figure marks the highest quarterly Non-Current Debt in data going back to Q4 2019.
- Compared with a year earlier, Non-Current Debt has increased for four straight quarters, with growth averaging 15.9% over the last eight quarters.
- The best year-over-year quarter for Non-Current Debt over five years was Q3 2025 (growth of 29.6%); the worst was Q2 2023 (a decline of 13.8%).
- Per Business Quant data, RPRX's Non-Current Debt in the three quarters before Q2 2026 was $8.58 billion (Q1 2026), $8.57 billion (Q4 2025) and $8.57 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net LT Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 42.82 Bn | 31.64 Bn | - | - |
| 2 | Orix | 38.85 Bn | 7.58 Bn | 12.74 Bn | - |
| 3 | Royalty Pharma | 30.02 Bn | 27.40 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.05 Bn | 26.05 Bn | - | -54.25 Bn |
| 5 | Synchrony Financial | 23.55 Bn | -44.08 Bn | - | 589.00 Mn |
| 6 | Affirm Holdings | 23.27 Bn | 16.32 Bn | - | 467.47 Mn |
| 7 | Royal Gold | 22.53 Bn | 21.71 Bn | 390.45 Mn | -200.00 Mn |
| 8 | Annaly Capital Management | 14.32 Bn | 5.27 Bn | - | 1.66 Bn |
| 9 | Ares Capital | 13.77 Bn | 11.52 Bn | - | -463.00 Mn |
| 10 | Federal Home Loan Mortgage | 12.90 Bn | -5.77 Bn | - | -20.08 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 3.23 Bn |
| Dec 31, 2023 | 350.00 Mn |
| Sep 30, 2021 | 1.27 Bn |
| Sep 30, 2020 | -94.77 Mn |
| Jun 30, 2020 | -47.10 Mn |
| Mar 31, 2020 | 822.50 Mn |
| Dec 31, 2019 | -73.50 Mn |
| Sep 30, 2019 | -73.50 Mn |
API Access
Royalty Pharma Net Long-Term Debt Issued (Repaid) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-debt&ticker=RPRX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "ticker": "RPRX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-debt&ticker=RPRX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();