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Companies / Health Care / Royalty Pharma plc
RPRX

Royalty Pharma plc

Health CarePharmaceutical Preparations
Ticker RPRXNEW YORK, NYFiscal year ends DecemberBook value per share $12.26Diluted shares 557.4M

Royalty Pharma plc (Nasdaq: RPRX) acquires and funds biopharmaceutical royalties, receiving payments tied to the sales of therapies developed or marketed by others. It works with participants across the life sciences industry, including academic institutions, research hospitals, nonprofits, biotechnology companies and… From the company’s description.

In fiscal 2025, Royalty Pharma plc reported revenue of $2.38B, up 5.1% from fiscal 2024, and net income of $1.32B. Its operating margin was 65.6%, and operations generated $2.49B in cash. Over the twelve months to Jun 30, 2026, revenue was $2.54B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.38BFY2025
+5.1% year over year
Last 12 mo $2.54B
65.58%FY2025
+8.5 percentage points
Last 12 mo 59.61%
$1.32BFY2025
Last 12 mo $1.35B
11.90%FY2025
−0.5 percentage points
Last 12 mo 11.93%
Cash & financing
$2.49BFY2025
−10.1% year over year
Last 12 mo $2.98B
$2.49BFY2025
−10.1% year over year
Last 12 mo $2.98B
1.38FY2025
Was 1.10× a year earlier
Last 12 mo 1.31
564.5MFY2025
−5.0% year over year
Last 12 mo 557.4M

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 Royalty Pharma plc does

In the company’s own words

Royalty Pharma plc (Nasdaq: RPRX) acquires and funds biopharmaceutical royalties, receiving payments tied to the sales of therapies developed or marketed by others. It works with participants across the life sciences industry, including academic institutions, research hospitals, nonprofits, biotechnology companies and global pharmaceutical companies, providing capital through purchases of existing royalties, newly created royalties and other funding arrangements. Its portfolio includes royalties on more than 35 marketed products and 20 development-stage candidates, with therapies spanning rare diseases, neuroscience, oncology, immunology, respiratory conditions and other areas. Major royalty interests include Vertex’s cystic fibrosis therapies, GSK’s Trelegy, Biogen’s Tysabri and Spinraza, Roche’s Evrysdi, and Pfizer and Astellas’ Xtandi. Royalty Pharma reported $3.3 billion in Portfolio Receipts in 2025 and had 100 employees as of December 31, 2025. Founded in 1996, the company internalized its former external manager in 2025. Its website is www.royaltypharma.com.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1802768
SIC
2834

Financial performance, year by year

Fiscal 2020–2025 · USD
$-253.60M$507.20M$1.27B$2.03B$2.79B202020212022202320242025Last 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 Royalty Pharma plc — and what changed

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

165
funds hold it
1 of 35
superinvestors hold it
$1.30B
held by funds, at market
5.4%
of shares held by funds
12
bond issues held by funds

Superinvestors in Royalty Pharma plc · what they did last quarter

Pat DorseyINCREASED +7.9%
Dorsey Asset Management
8.8%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Royalty Pharma plc’s weight in each

VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.26%of fund net assets
VictoryShares Free Cash Flow ETF
VFLO · Victory Portfolios II
1.76%of fund net assets
VANGUARD HIGH DIVIDEND YIELD INDEX FUND
VYM · VANGUARD WHITEHALL FUNDS
—of fund net assets
Invesco Discovery Mid Cap Growth Fund
AIM Investment Funds (Invesco Investment Funds)
—of fund net assets
iShares Russell 1000 Value ETF
IWD · iShares Trust
0.07%of fund net assets

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

Royalty Pharma plc’s bonds, as funds hold them

Funds report holding 12 issues of Royalty Pharma plc’s debt, $1.31B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.65%, maturing 2027 to 2055.

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”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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

Connected research

Put this business in context.

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  • “How do Royalty Pharma plc and its peers compare on margins and cash generation over ten years?”
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