---
title: "Royalty Pharma PLC - CL | 8-K: FY2026 Q1 Revenue: USD 631 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285368181.md"
datetime: "2026-05-06T11:34:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285368181.md)
  - [en](https://longbridge.com/en/news/285368181.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285368181.md)
---

# Royalty Pharma PLC - CL | 8-K: FY2026 Q1 Revenue: USD 631 M

Revenue: As of FY2026 Q1, the actual value is USD 631 M.

EPS: As of FY2026 Q1, the actual value is USD 0.53.

EBIT: As of FY2026 Q1, the actual value is USD 657 M.

#### Revenue and Receipts

-   Royalty Pharma plc’s Portfolio Receipts increased by 10% to $925 million for the first quarter of 2026, up from $839 million in the first quarter of 2025.
-   Royalty Receipts grew 13% to $887 million in the first quarter of 2026, compared to $788 million in the first quarter of 2025, driven mainly by Tremfya, Voranigo, and Evrysdi, partially offset by a decline from Promacta due to U.S. generic competition.
-   Milestones and other contractual receipts were $38 million in the first quarter of 2026, a -25% change from $51 million in the first quarter of 2025.
-   Total income and other revenues were $631 million for the first quarter of 2026, compared to $568 million for the first quarter of 2025.

#### Net Income

-   Consolidated net income was $468 million for the first quarter of 2026, an increase from $434 million for the first quarter of 2025.
-   Net income attributable to Royalty Pharma plc was $295 million for the first quarter of 2026, up from $239 million for the first quarter of 2025.

#### Operating Expenses and Income

-   Total operating expense, net was $68 million for the first quarter of 2026, compared to $34 million for the first quarter of 2025.
-   Operating income was $563 million for the first quarter of 2026, an increase from $534 million for the first quarter of 2025.
-   Payments for operating and professional costs were -$36 million for the first quarter of 2026, a decrease from -$102 million in the first quarter of 2025.
-   Financial royalty asset impairment charges were $69 million in the first quarter of 2026, related to Tazverik.

#### Cash Flow

-   Net cash provided by operating activities was $718 million for the first quarter of 2026, an increase of 20% from $596 million in the first quarter of 2025.
-   Net cash used in investing activities was -$478 million for the first quarter of 2026, compared to $504 million provided by investing activities in the first quarter of 2025.
-   Net cash used in financing activities was -$273 million for the first quarter of 2026, compared to -$941 million in the first quarter of 2025.

#### Non-GAAP Metrics

-   Adjusted EBITDA increased by 21% to $889 million in the first quarter of 2026, from $738 million in the first quarter of 2025.
-   Portfolio Cash Flow increased by 18% to $722 million in the first quarter of 2026, from $611 million in the first quarter of 2025.
-   Capital Deployment was -$528 million in the first quarter of 2026, compared to -$101 million in the first quarter of 2025.

#### Balance Sheet and Other Metrics

-   Cash and cash equivalents stood at $586 million as of March 31, 2026, down from $619 million as of December 31, 2025.
-   Total debt with principal value was $9.2 billion as of March 31, 2026.
-   Weighted average Class A ordinary shares outstanding - diluted decreased by 4% to 557 million for the first quarter of 2026, from 578 million for the first quarter of 2025.
-   Royalty Pharma plc repurchased approximately 1.1 million Class A ordinary shares for $50 million in the first quarter of 2026.
-   A quarterly dividend of $0.235 per share was paid, totaling $136 million in dividends and distributions in the first quarter of 2026.
-   The company acquired three royalties for $1.25 billion in announced value during the first quarter.

#### Outlook / Guidance

-   Royalty Pharma plc raised its full year 2026 guidance for Portfolio Receipts to between $3,325 million and $3,450 million, representing an expected Royalty Receipts growth of 4% to 8%.
-   Payments for operating and professional costs are anticipated to decrease as a percentage of Portfolio Receipts in 2026 compared to 2025, primarily due to the extinguishment of the management fee.
-   Total interest paid is projected to be approximately $350 million to $360 million for the full year 2026, assuming no additional debt financing.

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