NASDAQ$RPRX
Royalty Pharma PLC · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Royalty Pharma reported a solid operating cash flow growth and continued business momentum in the second quarter of 2023.
Royalty Pharma reported strong financial performance in Q2 2023, with Adjusted Cash Receipts increasing by 4% to $545 million. The company raised its full-year 2023 guidance for Adjusted Cash Receipts to $2.900 to $2.975 billion. Transactions of up to $1.7 billion were announced year-to-date, including $659 million in upfront payments.
- Net cash provided by operating activities (GAAP) increased 6% to $608 million.
- Adjusted Cash Receipts (non-GAAP) grew 4% to $545 million, driven by strong portfolio performance and new royalties.
- Adjusted EBITDA increased 4% to $498 million and Adjusted Cash Flow increased 6% to $512 million.
- The company raised its 2023 Adjusted Cash Receipts guidance to $2,900 to $2,975 million.
Headline financials
Revenue & EPS history
Royalty Pharma · Revenue · Quarterly
$538M
Revenue by segment
Royalty Pharma · $593M total across 13 segments · Q2 2023
- Cystic Fibrosis Franchise$206M+13.2%34.7%
- Tysabri$84M-9.7%14.2%
- Imbruvica$63M-21.3%10.6%
- Other Products$45M-10.0%7.6%
- Xtandi$40M-23.1%6.7%
- Promacta$39M+11.4%6.6%
- Trelegy$37M—6.2%
- Tremfya$22M+22.2%3.7%
- Cabometyx/Cometriq$15M+15.4%2.5%
- Evrysdi$13M+62.5%2.2%
- Spinraza$13M—2.2%
- Trodelvy$9M+50.0%1.5%
- Erleada$7M+40.0%1.2%
Forward guidance
Royalty Pharma anticipates 2023 Adjusted Cash Receipts to be between $2,900 million and $2,975 million, excluding future transactions.
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 Q2 2023
-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
| Quarter | Report date | Reaction (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% | |
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| Q2 2012 | — | — | — |
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