Royalty Pharma (RPRX) Operating Expenses (2019 - 2026)

Royalty Pharma (RPRX) reported Operating Expenses of $67.5 million for Q1 2026, up 98.26% on a YoY basis from $34.1 million in Q1 2025, and down 71.09% sequentially from $233.6 million in Q4 2025.

Royalty Pharma (RPRX) Operating Expenses (2019 - 2026) Analysis & Trends

Royalty Pharma (RPRX) has 8 years of Operating Expenses data on file, last reported at $67.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 98.26% year-over-year to $67.5 million; the trailing twelve-month figure through Mar 2026 stood at $852.1 million (up 134.46% YoY), and the FY2025 full-year result was $818.7 million, down 15.7% from the prior year.
  • Operating Expenses eased to $67.5 million in Q1 2026, from $233.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.0 billion in Q4 2022 to a low of -$170.4 million in Q3 2024.
  • A 5-year average of $273.5 million and a median of $233.6 million in 2025 frame the typical range for Operating Expenses.
  • Peak annual rise in Operating Expenses reached 1479.41% in 2024, while the deepest fall reached 144.27% in 2024.
  • Tracing RPRX's Operating Expenses over 5 years: stood at $1.0 billion in 2022, then plunged by 101.61% to -$16.8 million in 2023, then soared by 1479.41% to $232.1 million in 2024, then advanced by 0.64% to $233.6 million in 2025, then tumbled by 71.09% to $67.5 million in 2026.
  • Business Quant data shows RPRX's Operating Expenses at $67.5 million in Q1 2026, $233.6 million in Q4 2025, and $182.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -28.01 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 1.10 Bn
4 NuCana 279.75 Bn 279.75 Bn - -3.78 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 2.89 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 445.22 Mn
10 Royalty Pharma 25.78 Bn 28.22 Bn - 67.54 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 67.54 Mn
Dec 31, 2025 233.61 Mn
Sep 30, 2025 182.14 Mn
Jun 30, 2025 368.87 Mn
Mar 31, 2025 34.07 Mn
Dec 31, 2024 232.13 Mn
Sep 30, 2024 -170.38 Mn
Jun 30, 2024 267.64 Mn
Mar 31, 2024 641.75 Mn
Dec 31, 2023 -16.83 Mn
Sep 30, 2023 384.87 Mn
Jun 30, 2023 289.36 Mn
Mar 31, 2023 205.00 Mn
Dec 31, 2022 1.05 Bn
Sep 30, 2022 381.25 Mn
Jun 30, 2022 158.16 Mn
Mar 31, 2022 342.33 Mn
Dec 31, 2021 422.28 Mn
Sep 30, 2021 282.72 Mn
Jun 30, 2021 -189.99 Mn