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RGLD

Royal Gold, Inc.

RGLD

Royal Gold, Inc. • NASDAQ
$203.84 ▲ 1.39% (+2.79)
Market Cap $13.37 B
52w High $209.42
52w Low $130.67
Dividend Yield 1.90%
P/E 28
Volume 523.10K
Outstanding Shares 65.58M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $252.068M ▲ $10.213M ▼ $126.824M ▼ 50.313% ▼ $1.92 ▼ $202.028M ▲
Q2-2025 $209.643M ▲ $10.269M ▼ $132.349M ▲ 63.131% ▲ $2.01 ▲ $175.709M ▲
Q1-2025 $191.675M ▼ $44.058M ▲ $113.498M ▲ 59.214% ▲ $1.72 ▲ $156.106M ▼
Q4-2024 $202.56M ▲ $8.909M ▼ $107.408M ▲ 53.025% ▲ $1.64 ▲ $168.755M ▲
Q3-2024 $192.317M $46.279M $96.242M 50.043% $1.46 $155.023M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $172.849M ▼ $4.465B ▲ $1.049B ▲ $3.406B ▲
Q2-2025 $248.18M ▲ $3.572B ▲ $253.494M ▲ $3.307B ▲
Q1-2025 $240.76M ▲ $3.458B ▲ $243.172M ▼ $3.203B ▲
Q4-2024 $195.498M ▲ $3.392B ▲ $260.924M ▲ $3.119B ▲
Q3-2024 $127.882M $3.302B $250.697M $3.039B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $126.824M ▼ $173.97M ▲ $-985.914M ▼ $736.613M ▲ $-75.331M ▼ $344.949M ▲
Q2-2025 $132.474M ▲ $152.802M ▲ $-112.754M ▼ $-32.628M ▲ $7.42M ▼ $40.069M ▼
Q1-2025 $113.578M ▲ $136.369M ▼ $-58.295M ▼ $-32.812M ▼ $45.262M ▼ $78.123M ▼
Q4-2024 $107.521M ▲ $141.053M ▲ $-46.906M ▼ $-26.531M ▲ $67.616M ▲ $94.172M ▼
Q3-2024 $96.331M $136.651M $-3.433M $-79.568M $53.65M $133.224M

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
Royalty Interests
Royalty Interests
 $60.00M ▲$70.00M ▲$80.00M ▲$90.00M ▲
Stream Interests
Stream Interests
 $130.00M ▲$120.00M ▼$130.00M ▲$170.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Royal Gold’s income statement shows a steady, healthy business with improving momentum. Revenue has grown after a period of relative flatness, and profit margins remain very strong for a materials company, thanks to the royalty/streaming model which avoids direct mining costs. Earnings per share dipped slightly a couple of years ago but have since recovered and moved higher, showing the business is again converting its revenue into bottom‑line profit more effectively. Overall, profitability looks robust and relatively stable, with no sign of wild swings typical of traditional miners.

Balance Sheet

Balance Sheet The balance sheet looks solid and conservative. Total assets and shareholders’ equity have climbed over time, suggesting the company has been building its asset base while retaining value for shareholders. Debt appears to have been used temporarily and then largely paid down, which lowers financial risk and gives management more flexibility. Cash levels are moderate rather than large, but when combined with very low debt and strong asset backing, the overall financial footing appears sound and resilient to industry cycles.

Cash Flow

Cash Flow Cash generation from the core business has been consistently strong, supporting the idea that earnings quality is generally good. Free cash flow has usually been positive, with one year standing out as an exception due to heavy investment spending, not because the underlying business stopped generating cash. Capital spending is lumpy, reflecting occasional large deals or commitments, but over the multi‑year view the company tends to produce more cash than it spends. This pattern supports a business that can both invest for growth and still return or retain cash over time.

Competitive Edge

Competitive Edge Royal Gold’s competitive position rests on its royalty and streaming model rather than mine ownership. This gives it exposure to gold and other metals with less operational and cost risk than traditional miners. Its portfolio is broad and diversified across many properties and jurisdictions, which reduces reliance on any single mine or region. The company aims to partner with large, established operators and focus on long‑life, high‑quality assets, which further stabilizes its revenue base. A strong balance sheet and deal‑making expertise help it win attractive financing opportunities when miners need capital, reinforcing its position among leading precious‑metal royalty companies.

Innovation and R&D

Innovation and R&D Innovation at Royal Gold is mostly financial and strategic, not technological. The company specializes in structuring royalty and streaming contracts that give miners flexible, non‑dilutive financing while securing long‑term metal exposure for Royal Gold. It applies technical and financial due diligence, including geological and project analysis, to select higher‑quality assets and manage risk. The research provided also highlights continued portfolio expansion, integration of newly acquired royalty portfolios, and a growing emphasis on environmental and social standards as areas of ongoing “innovation” in how the business is run and where it deploys capital.

Summary

Overall, Royal Gold appears to be a high‑margin, relatively low‑risk way to gain exposure to precious metals, built on a royalty/streaming model rather than running mines. The income statement shows stable to improving profitability, the balance sheet looks strong and conservatively financed, and cash flows are generally reliable with occasional spikes in investment. Its competitive edge lies in deal structuring, diversification, and disciplined asset selection, rather than in owning physical operations. Future performance will hinge on the quality of new royalty and streaming deals, the integration and performance of its expanded portfolio, and how well it navigates commodity cycles and ESG expectations in the mining sector.

NEWS

November 26, 2025 · 9:00 AM UTC

Royal Gold Presenting at the John Tumazos Very Independent Research 2025 Virtual Conference

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November 21, 2025 · 9:00 AM UTC

Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Thursday, December 4, 2025

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November 18, 2025 · 4:05 PM UTC

Royal Gold Announces the 25th Consecutive Annual Increase in the Common Stock Dividend to $1.90 Per Share for 2026, a 6% Increase over the 2025 Dividend

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November 17, 2025 · 9:15 AM UTC

Royal Gold to Sell Versamet Shares and Apply Proceeds to Debt Repayment

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November 5, 2025 · 4:05 PM UTC

Royal Gold Reports Strong Financial Results with Record Revenue and Cash Flow for the Third Quarter of 2025

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