NASDAQ$RPRX

Royalty Pharma PLC · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported strong operating cash flow and top-line growth driven by the cystic fibrosis franchise.

Royalty Pharma reported a 14% increase in total income and other revenues to $573 million, driven by growth from the cystic fibrosis franchise. Adjusted Cash Receipts increased 37% to $524 million and Adjusted Cash Flow grew 37% to $409 million.

  • Net cash provided by operating activities increased 12% to $526 million.
  • Total income and other revenues grew 14% to $573 million, driven by growth from the cystic fibrosis franchise.
  • Adjusted Cash Receipts increased 37% to $524 million.
  • Adjusted Cash Flow grew 37% to $409 million.

Headline financials

Total Revenue

$573M

Previous: $501M+14.4%
EPS (adj)

$0.18

Previous: $0.20-11.4%
Portfolio Receipts

$524M

Previous: $382M+37.2%
Free Cash Flow

$69.1M

No prior period
Net Income

$69.1M

Previous: $71.2M-3.0%
Operating Income

$229M

Previous: $361M-36.6%
Gross Profit

$537M

Previous: $413M+30.1%
Cash & Equivalents

$709M

No prior period
Total Assets

$15.9B

No prior period
Stock-Based Comp

$713K

No prior period

Revenue & EPS history

Royalty Pharma · Revenue · Quarterly

$573M

Q1 2021+14.4%vs Q1 2020
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Revenue by segment

Royalty Pharma · $524M total across 9 segments · Q1 2021

  • Cystic Fibrosis Franchise
    $167M+68.7%
  • Imbruvica
    $89M+14.1%
  • Other Products
    $88M-2.2%
  • Tysabri
    $87M+3.6%
  • Promacta
    $44M+22.2%
  • Xtandi
    $41M+17.1%
  • Erleada
    $3M+200.0%
  • Trodelvy
    $3M—
  • Evrysdi
    $2M—

Forward guidance

Royalty Pharma anticipates full-year 2021 Adjusted Cash Receipts to be between $1,940 million and $1,980 million, excluding new transactions announced subsequent to the date of this release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.6%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.9%

Avg return

30 days after

43%

10 / 23 earnings

Positive

+6.8%

Q3 2025

Best reaction

-8.1%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026-1.0%+2.4%+10.7%
Q4 2025+0.1%+2.2%+3.3%
Q3 2025+6.8%+1.8%+5.0%
Q1 2025+0.9%+0.2%+3.1%
Q4 2024+1.7%+2.0%+3.0%
Q3 2024-3.7%-4.3%-5.9%
Q2 2024-3.6%-1.4%+5.3%
Q1 2024+0.4%+0.3%-1.9%
Q4 2023+2.1%+3.4%+2.7%
Q3 2023-0.5%-1.6%+3.7%
Q2 2023-0.9%-1.1%-6.4%
Q1 2023-4.7%-2.7%-2.8%
Q4 2022-2.0%-0.4%-8.8%
Q3 2022+1.6%+3.7%-0.1%
Q2 2022-0.9%+1.9%-1.8%
Q1 2022-8.1%-12.8%-6.2%
Q4 2021+3.6%+0.8%+1.7%
Q3 2021+1.5%+5.3%-4.6%
Q2 2021+2.7%+5.0%+5.6%
Q1 2021-2.2%-1.8%+12.4%
Q4 2020-2.1%+1.1%-1.5%
Q3 2020-1.6%+2.8%+10.3%
Q2 2020-3.0%-4.2%-5.9%
Q1 2020———
Q4 2019———
Q3 2019———
Q2 2019———
Q1 2019———
Q3 2017———
Q2 2017———
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q3 2012———
Q2 2012———

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