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Companies / Materials / Royal Gold, Inc.
RGLD

Royal Gold, Inc.

MaterialsHolding & Investment
Ticker RGLDDENVER, COFiscal year ends DecemberBook value per share $89.19Diluted shares 85.1M

Royal Gold, Inc. (NASDAQ: RGLD) operates as a precious metals royalty and streaming company with a diversified portfolio of gold, silver, copper and other metal interests. The company's website is www.royalgold.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.03B
+43.2% year over year
Last 12 mo $1.55B
61.93%
+2.2 percentage points
Last 12 mo 61.42%
$471.58M
+41.8% year over year
Last 12 mo $744.79M
6.51%
−4.1 percentage points
Last 12 mo 9.73%
Cash & financing
$704.85M
+33.1% year over year
Last 12 mo $1.04B
$704.85M
+33.1% year over year
Last 12 mo $1.04B
0.13
Was 0.00× a year earlier
Last 12 mo 0.05
69.6M
+5.8% year over year
Last 12 mo 85.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Royal Gold, Inc. does

In the company’s own words

Royal Gold, Inc. (NASDAQ: RGLD) operates as a precious metals royalty and streaming company with a diversified portfolio of gold, silver, copper and other metal interests. The company's website is www.royalgold.com.

Royal Gold generates revenue through royalty and streaming arrangements with mining operators worldwide. The company does not operate mines itself but instead receives payments based on production from properties where it holds contractual rights. This business model provides exposure to commodity price movements and production growth without the operational risks and capital requirements associated with mining operations.

The company maintains two primary borrowers under its credit facility: Royal Gold, Inc., a Delaware corporation serving as the U.S. borrower, and RGLD Gold AG, a Swiss entity functioning as the Swiss borrower. This dual-borrower structure reflects the company's international operations and asset base spanning multiple jurisdictions.

Royal Gold's revenue streams derive from metal streaming transactions and royalty transactions across a geographically diverse portfolio. Metal streaming arrangements typically involve upfront payments to mining companies in exchange for the right to purchase a percentage of future metal production at predetermined prices. Royalty transactions provide ongoing payments based on production or revenues from mining operations.

The company's competitive advantages include its established relationships with major mining operators, diversified exposure across multiple commodities and geographies, and a capital-light business model that generates cash flow with minimal ongoing capital expenditure requirements. The portfolio includes interests in both producing mines and development-stage projects, providing a mix of current cash generation and future growth potential.

Royal Gold's financial structure is supported by a revolving credit facility established in June 2017 with multiple lead arrangers including The Bank of Nova Scotia, HSBC Securities (USA) Inc., and Canadian Imperial Bank of Commerce. The facility provides liquidity for acquisitions, working capital, and general corporate purposes, reflecting the company's growth-oriented strategy in the precious metals sector.

Company details
Sector
Materials
Industry (SIC)
Holding & Investment
Headquarters
DENVER, CO
Fiscal year end
December
CIK
85535
SIC
6795

Financial performance, year by year

Fiscal 2014–2025 · USD
$-285.99M$213.93M$713.85M$1.21B$1.71B2014201520162017201820192020202120212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Royal Gold, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

490
funds hold it
0 of 35
superinvestors hold it
$8.22B
held by funds, at market
46.3%
of shares held by funds

Largest fund holders · Royal Gold, Inc.’s weight in each

0.24%of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.45%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VanEck Gold Miners ETF
GDX · VanEck ETF Trust
1.95%of fund net assets
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Royal Gold, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Royal Gold, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Royal Gold, Inc.'s last four quarterly filings that the numbers alone won't show?”
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