Royalty Pharma Q4 adjusted EBITDA beats analyst expectations

Royalty Pharma

11/02/2026 12:11

Overview

Biopharmaceutical royalty buyer's Q4 Portfolio Receipts grew 18% yr/yr

Adjusted EBITDA for Q4 beat analyst expectations

Company repurchased 37 mln shares for $1.2 bln in 2025

Outlook

Royalty Pharma expects 2026 Portfolio Receipts to be $3,275 mln to $3,425 mln

2026 Royalty Receipts expected to grow 3% to 8%

Operating costs as a percentage of Portfolio Receipts to decrease in 2026

Result Drivers

DIVERSIFIED PORTFOLIO - Growth in Portfolio Receipts driven by Voranigo, Trelegy, Tremfya, and cystic fibrosis franchise

CAPITAL DEPLOYMENT - Deployed $2.6 bln on royalty transactions, including a partnership with Revolution Medicines

INTERNALIZATION MILESTONE - Successful internalization of external manager expected to reduce costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EBITDA
Beat
$816 mln
$723.26 mln (6 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the pharmaceuticals peer group is "buy"

Wall Street's median 12-month price target for Royalty Pharma PLC is $49.50, about 12% above its February 10 closing price of $44.21

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX7yr9BK

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)