OR Royalties Inc. income statement
In fiscal 2025, OR Royalties Inc. reported revenue of $277m, up 45.1% on the year before, operating income of $197m (a 70.9% margin) and net income of $206m, or $1.09 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 47 | 164 | 379 | 296 | 159 | 179 | 168 | 183 | 191 | 277 |
| Cost of revenue | — | — | — | — | — | — | — | 12 | 7 | 9 |
| Gross profit | 39 | 46 | 51 | 62 | 78 | 111 | 116 | 129 | 152 | 232 |
| Operating income | 22 | −54 | −88 | −138 | 31 | 90 | 95 | 64 | 78 | 197 |
| Income before tax | — | — | — | — | — | — | — | −28 | 30 | 241 |
| Income tax | — | — | — | — | — | — | — | 10 | 14 | 35 |
| Net income | 32 | −33 | −82 | −177 | 13 | −19 | −91 | −37 | 16 | 206 |
| Diluted EPS | $0.30 | — | −$0.52 | — | $0.07 | −$0.11 | −$0.51 | −$0.20 | $0.09 | $1.09 |
| Diluted shares (average) | 105m | — | 157m | 151m | 162m | 168m | 181m | 185m | 188m | 189m |
| EBITDA | 31 | −33 | −47 | −102 | 66 | 90 | 95 | 65 | 79 | 198 |
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