RPRX Royalty Pharma plc

BULLISH Impact: 6/10 8-K
Horizon weeks Filed May 6, 2026 Processed 1mo ago SEC 0001802768-26-000008
8-K Item 2.02: Earnings release
Latest settled — T+20d
RPRX ▲ +8.38% at T+20d
LONG call ✓ call won +8.38% · α vs SPY +5.60% · entry $50.72 → $54.97
Next anchor: T+60d in 7w
Last close $54.86 (close Jun 8) · +8.16% from $50.72 entry
Entry anchored
May 6, 2026
via day open
T+1d
-1.03%
call -1.03% · α -0.69%
$50.20
settled 5w ago
T+5d
+1.93%
call +1.93% · α +0.80%
$51.70
settled 28d ago
T+20d
+8.38%
call +8.38% · α +5.60%
$54.97
settled 6d ago
T+60d
call — · α —
in 7w

Price Chart

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Executive Summary

Royalty Pharma reported Q1 2026 Portfolio Receipts of $925M (+10% YoY) and Royalty Receipts of $887M (+13% YoY), driven by Tremfya, Voranigo, and Evrysdi. The company raised full-year 2026 Portfolio Receipts guidance to $3.325B-$3.450B (from $3.275B-$3.425B), reflecting expected Royalty Receipts growth of 4%-8%. Net cash from operations was $718M, up 20% YoY, and the company deployed $528M in capital during the quarter.

Key Financial Metrics

Guidance
$3.325B-$3.450B
raised

Actionable Insight

The raised guidance and double-digit Royalty Receipts growth signal continued momentum in the core royalty portfolio. Watch for further R&D co-funding deals (J&J, Teva) and clinical catalysts (daraxonrasib pancreatic cancer data, Ziihera PDUFA date Aug 25, 2026) that could drive incremental upside to Portfolio Receipts.

Key Facts

  • Portfolio Receipts grew 10% YoY to $925M in Q1 2026
  • Royalty Receipts grew 13% YoY to $887M
  • Raised full-year 2026 Portfolio Receipts guidance to $3.325B-$3.450M (from $3.275B-$3.425B)
  • Net cash from operations of $718M, up 20% YoY
  • Adjusted EBITDA (non-GAAP) of $889M, up 21% YoY
  • Portfolio Cash Flow (non-GAAP) of $722M, up 18% YoY
  • Announced up to $1.25B in new royalty transactions in Q1
  • Recorded $69M non-cash impairment charge related to Tazverik
  • Repurchased 1.1M shares for $50M in Q1

Financial Impact

Portfolio Receipts guidance raised by $50M at midpoint; Royalty Receipts growth of 4-8% expected for FY2026

Portfolio ReceiptsRoyalty ReceiptsAdjusted EBITDAPortfolio Cash Flowoperating cash flow

Risk Factors

  • Promacta revenue declined 61% YoY due to generic competition
  • Tazverik withdrawal and $69M impairment charge
  • Potential for further generic erosion in the portfolio
  • Interest expense increased to $94M from $65M YoY

Market Snapshot

Exchange
Nasdaq
Sector
Pharmaceutical Preparations
Analyst Consensus
88% bullish (16 analysts)

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001802768-26-000008
Document: 0001802768-26-000008-index.html0001802768-26-000008
Document: 0001802768-26-000008.txt0001802768-26-000008
8-K Data (Synthetic)0001802768-26-000008
12 reports for RPRX
Performance horizon
Filters
Rows
Reports for RPRX — sortable, filterable
Type Now
May 28, 2026
12d ago
Insider Cluster
NEUTRAL ★ 4/10
$55.76 $55.87▲ +0.20%▲ +2.72%$54.86 (−1.61%)
May 28, 2026
12d ago
8-K
NEUTRAL ★ 4/10
$55.76 $54.97▼ −1.42%▼ −1.12%$54.86 (−1.61%)
May 22, 2026
19d ago
Insider Cluster
NEUTRAL ★ 2/10
$54.50 $55.18▲ +1.25%▼ −0.41%$54.86 (+0.66%)
May 15, 2026
25d ago
Insider Cluster
NEUTRAL ★ 3/10
$52.07 $53.86▲ +3.44%▲ +1.82%$54.86 (+5.36%)
May 14, 2026
26d ago
144
NEUTRAL ★ 2/10
$52.85 $54.50▲ +3.12%▲ +2.16%$54.86 (+3.80%)
May 6, 2026
4w ago
8-K
BULLISH ★ 6/10
$50.72 $51.70▲ +1.93%▲ +0.80%$54.86 (+8.16%)
Apr 17, 2026
7w ago
Press Release
NEUTRAL ★ 3/10
$50.00 $49.38▼ −1.24%▼ −1.79%$54.86 (+9.72%)
Apr 15, 2026
7w ago
Press Release
NEUTRAL ★ 3/10
$48.48 $49.64▲ +2.39%▲ +1.41%$54.86 (+13.16%)
Apr 10, 2026
8w ago
DEFA14A
NEUTRAL ★ 2/10
$48.43 $49.30▲ +1.80%▼ −1.50%$54.86 (+13.28%)
Mar 30, 2026
10w ago
Press Release
NEUTRAL ★ 4/10
$46.37 $46.87▲ +1.08%▼ −3.22%$54.86 (+18.31%)
Showing 10 of 12

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