Royal Gold Inc income statement
In fiscal 2025, Royal Gold Inc reported revenue of $1.03bn, up 43.2% on the year before, operating income of $638m (a 61.9% margin) and net income of $466m, or $6.69 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 | 2014Jun 2014 | 2015Jun 2015 | 2016Jun 2016 | 2017Jun 2017 | 2018Jun 2018 | 2019Jun 2019 | 2020Jun 2020 | 2021Jun 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 228 | 245 | 289 | 441 | 459 | 423 | 499 | 616 | 603 | 606 | 719 | 1,030 | 1,547 |
| Gross profit | — | 245 | 289 | 192 | 209 | 179 | 236 | 333 | 323 | 343 | 471 | 714 | 1,034 |
| General and administrative | 21 | 25 | 32 | 33 | 35 | 30 | 30 | 28 | 35 | 40 | 41 | 49 | 59 |
| Operating income | 109 | 87 | 5 | 146 | −75 | 141 | 199 | 338 | 284 | 303 | 430 | 638 | 950 |
| Interest expense | — | — | — | — | — | 2 | — | — | — | — | — | — | — |
| Income before tax | 83 | 62 | −22 | 119 | −105 | 107 | 193 | 340 | 273 | 282 | 426 | 574 | 910 |
| Income tax | 19 | 10 | 61 | 26 | 15 | 17 | −4 | 37 | 33 | 42 | 94 | 102 | 165 |
| Net income | 63 | 52 | −77 | 102 | −113 | 94 | 199 | 303 | 239 | 239 | 332 | 466 | 738 |
| Diluted EPS | $0.96 | $0.80 | −$1.18 | $1.55 | −$1.73 | $1.43 | $3.03 | $4.60 | $3.63 | $3.63 | $5.04 | $6.69 | $9.32 |
| Diluted shares (average) | 65m | 65m | 65m | 65m | 65m | 66m | 66m | 66m | 66m | 66m | 66m | 70m | 79m |
| EBITDA | 200 | 181 | 146 | 306 | 89 | 304 | 374 | 521 | 463 | 468 | 574 | 815 | 1,250 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 194 | 203 | 193 | 210 | 252 | 375 | 469 | 451 |
| Gross profit | 129 | 142 | 134 | 152 | 185 | 242 | 315 | 291 |
| General and administrative | 10 | 9 | 11 | 10 | 10 | 18 | 18 | 13 |
| Operating income | 119 | 133 | 123 | 142 | 162 | 211 | 297 | 280 |
| Income before tax | 118 | 134 | 124 | 143 | 161 | 146 | 307 | 296 |
| Income tax | 22 | 26 | 10 | 11 | 29 | 53 | 25 | 58 |
| Net income | 96 | 107 | 113 | 132 | 127 | 94 | 281 | 236 |
| Diluted EPS | $1.46 | $1.63 | $1.72 | $2.01 | $1.92 | $1.04 | $3.30 | $2.78 |
| EBITDA | 155 | 167 | 156 | 173 | 195 | 291 | 388 | 376 |
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