NASDAQ$RPRX

Royalty Pharma PLC · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Royalty Pharma reported strong Q1 2022 results with a 15% increase in Adjusted Cash Receipts and reaffirmed 2022 guidance.

Royalty Pharma reported a decrease in net cash provided by operating activities to $460 million, while total income and other revenues decreased 2% to $562 million. However, Adjusted Cash Receipts increased 15% to $605 million and Adjusted EBITDA grew 15% to $556 million. The company reaffirmed its 2022 Adjusted Cash Receipts guidance of $2,225 million to $2,300 million.

  • Adjusted Cash Receipts increased 15% to $605 million, driven by cystic fibrosis franchise, Tysabri and recent royalty acquisitions.
  • Adjusted EBITDA grew 15% to $556 million, driven by strong growth in Adjusted Cash Receipts.
  • Announced transactions of up to $450 million in Q1 2022, including an expanded partnership with Cytokinetics.
  • 2022 guidance reaffirmed: Adjusted Cash Receipts expected to be $2,225 to $2,300 million.

Headline financials

Total Revenue

$562M

Previous: $573M-1.9%
EPS (adj)

$0.60

Previous: $0.18+233.3%
Free Cash Flow

$51.8M

Previous: $69.1M-25.1%
Net Income

$51.8M

Previous: $69.1M-25.1%
Operating Income

$220M

Previous: $229M-4.2%
Gross Profit

$512M

Previous: $537M-4.6%
Cash & Equivalents

$1.79B

Previous: $709M+152.7%
Total Assets

$17.4B

Previous: $15.9B+9.2%
Stock-Based Comp

$496K

Previous: $713K-30.4%

Revenue & EPS history

Royalty Pharma · Revenue · Quarterly

$562M

Q1 2022-1.9%vs Q1 2021
Beat estimate in 4 of 11 quarters(36%)
ActualEstimate

Revenue by segment

Royalty Pharma · $626M total across 11 segments · Q1 2022

  • Cystic Fibrosis Franchise
    $202M+21.0%
  • Tysabri
    $97M+11.5%
  • Other Products
    $89M+1.1%
  • Imbruvica
    $87M-2.2%
  • Promacta
    $48M+9.1%
  • Xtandi
    $43M+4.9%
  • Tremfya
    $28M
  • Cabometyx/Cometriq
    $13M
  • Evrysdi
    $9M+350.0%
  • Erleada
    $5M+66.7%
  • Trodelvy
    $5M+66.7%

Forward guidance

Royalty Pharma reaffirmed its 2022 Adjusted Cash Receipts guidance of $2,225 million to $2,300 million, excluding new transactions announced after 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 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-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
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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro