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 19 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
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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