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| Date | Value |
|---|---|
| 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 |