Royal Gold, Inc. (RGLD) Financial Statements
Royal Gold financial statements at a glance
Royal Gold reported revenue of $1.03 billion for fiscal year 2025 (ended December 31, 2025), up 43.2% from fiscal year 2024. Net income was $466.28 million, a net margin of 45.2%, and diluted earnings per share were $6.69.
At the end of fiscal year 2025 it had total assets of $9.54 billion, total liabilities of $2.33 billion and shareholders' equity of $7.16 billion, with cash and short-term investments of $233.72 million and total debt of $895.44 million.
Its operations brought in $704.85 million of cash; capital spending was $1.16 billion, leaving free cash flow of -$459.91 million.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Royal Gold, Inc.
Income Statement
Annual • USD
Royal Gold key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $1.0B | $719.4M | $605.7M | $603.2M | $615.9M |
| Gross profit | $713.9M | $470.8M | $343.0M | $322.6M | $332.6M |
| Operating income | $664.7M | $429.9M | $303.2M | $288.0M | $303.7M |
| Net income | $466.3M | $332.0M | $239.4M | $239.0M | $302.5M |
| Diluted EPS | $6.69 | $5.04 | $3.63 | $3.63 | $4.60 |
| Total assets | $9.5B | $3.4B | $3.4B | $3.5B | $2.7B |
| Total liabilities | $2.3B | $260.9M | $460.4M | $781.1M | $148.2M |
| Shareholders' equity | $7.2B | $3.1B | $2.9B | $2.7B | $2.5B |
| Cash and short-term investments | $233.7M | $195.5M | $104.2M | $118.6M | $225.9M |
| Total debt | $895.4M | – | $246.0M | $571.6M | – |
| Operating cash flow | $704.8M | $529.5M | $415.8M | $417.3M | $407.2M |
| Capital spending | $1.2B | $102.6M | $2.7M | $922.2M | $168.1M |
| Free cash flow | -$459.9M | $426.9M | $413.1M | -$504.8M | $239.0M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2021.
Questions and answers
What was Royal Gold's revenue in fiscal year 2025?
$1.03 billion, up 43.2% from $719.40 million in fiscal year 2024.
How much profit does Royal Gold make?
Royal Gold reported net income of $466.28 million for fiscal year 2025 (45.2% of revenue); operating income was $664.68 million.
How much cash and debt does Royal Gold have?
At the end of fiscal year 2025: cash and short-term investments of $233.72 million and total debt of $895.44 million.
What is Royal Gold's free cash flow?
-$459.91 million in fiscal year 2025 (operating cash flow of $704.85 million minus capital spending of $1.16 billion).
