Royalty Pharma (RPRX) Operating Expenses (2019 - 2026)
Royalty Pharma's (RPRX) quarterly Operating Expenses came in at $541.0 million in Q2 2026, up 46.67% year-over-year from $368.9 million in Q2 2025, and up 701.06% quarter-over-quarter from $67.5 million in Q1 2026.
Analysis
Royalty Pharma (RPRX) Operating Expenses (2019 - 2026) Analysis & Trends
Royalty Pharma has disclosed Operating Expenses across 8 years of filings, most recently posting $541.0 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 46.67% year-over-year to $541.0 million; the TTM figure through Jun 2026 stood at $1.0 billion (up 120.43% YoY), while the FY2025 annual figure was $818.7 million, down 15.7% from the prior year.
- Operating Expenses came in at $541.0 million for Q2 2026 at Royalty Pharma, up from $67.5 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.
- Average Operating Expenses over 5 years is $288.4 million, with a median of $250.6 million recorded in 2024.
- The largest YoY upside for Operating Expenses was 1479.41% in 2024 against a maximum downside of 144.27% in 2024.
- Over 5 years, Operating Expenses stood at $1.0 billion in 2022, then sank by 101.61% to -$16.8 million in 2023, then jumped by 1479.41% to $232.1 million in 2024, then climbed by 0.64% to $233.6 million in 2025, then soared by 131.59% to $541.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $541.0 million in Q2 2026, $67.5 million in Q1 2026, and $233.6 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 45.10 Bn | 45.43 Bn | 4.68 Bn | 4.66 Bn |
| 2 | Royalty Pharma | 33.70 Bn | 35.82 Bn | - | 541.02 Mn |
| 3 | Royal Gold | 21.36 Bn | 21.23 Bn | 390.45 Mn | 173.18 Mn |
| 4 | OR Royalties | 6.74 Bn | 6.66 Bn | 82.22 Mn | -19.41 Mn |
| 5 | Encore Capital | 2.09 Bn | 1.91 Bn | 455.04 Mn | 304.97 Mn |
| 6 | Atlanticus Holdings | 1.43 Bn | 873.35 Mn | 686.46 Mn | 157.57 Mn |
| 7 | Jefferson Capital | 1.23 Bn | 1.21 Bn | - | 95.35 Mn |
| 8 | Upbound | 1.07 Bn | 962.16 Mn | 594.84 Mn | 540.58 Mn |
| 9 | Lufax Holding | 1.06 Bn | -1.22 Bn | - | -1.93 Bn |
| 10 | Burford Capital | 957.39 Mn | 1.61 Bn | - | 47.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 541.02 Mn |
| 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 |