OR revenueFY2025$277.37M
- FY YoY
- +45.1%
OR revenue was $277.37M for fiscal 2025 (ended Dec 31, 2025), up 45.1% from fiscal 2024.
Financials · OR
OR Royalties Inc. (OR) financials
For fiscal 2025 (ended Dec 31, 2025), OR Royalties Inc. reported $277.37M of revenue and $206.09M of net income.
- Revenue, FY2025
- $277.37M
- Revenue growth, YoY
- +45.1%
- Net income, FY2025
- $206.09M
- Net income growth, YoY
- 13x
- Net margin
- 74.3%
- EPS, diluted, FY2025
- $1.09
- EPS growth, YoY
- 12x
- Cash
- $142.13M
- Total debt
- $0
- P/E
- 34.40
- P/S
- 25.56
- Market cap
- $7.09B
FY2023FY2025
FY2023FY2025
OR revenue and earnings growth
OR net incomeFY2025$206.09M
- FY YoY
- 13x
OR net income was $206.09M for fiscal 2025 (ended Dec 31, 2025), up about 13-fold from fiscal 2024.
OR EPSFY2025$1.09
- FY YoY
- 12x
OR diluted EPS was $1.09 for fiscal 2025 (ended Dec 31, 2025), up about 12-fold from fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | $277.37M | $191.16M | $183.23M |
| Cost of revenue | $9.12M | $6.74M | $12.34M |
| Gross profit | $232.49M | $151.81M | $129.09M |
| Selling, general and admin | $20.93M | $18.30M | $24.34M |
| Operating income | $196.76M | $78.32M | $64.46M |
| Interest expense | $4.47M | $7.97M | $14.03M |
| Pre-tax income | $241.38M | $30.14M | -$27.64M |
| Income tax | $35.30M | $13.88M | $9.79M |
| Net income | $206.09M | $16.27M | -$37.43M |
| EPS, basic | $1.10 | $0.09 | -$0.20 |
| EPS, diluted | $1.09 | $0.09 | -$0.20 |
| Diluted shares | 189.2M | 187.6M | 185.0M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Cash and equivalents | $142.13M | $59.10M | $51.20M |
| Receivables | $3.23M | $3.11M | $4.75M |
| Inventory | - | $0 | $10.0K |
| Current assets | $147.68M | $63.81M | $63.55M |
| Goodwill | $81.13M | $77.28M | $84.08M |
| Total assets | $1.57B | $1.38B | $1.49B |
| Current liabilities | $32.63M | $14.62M | $15.46M |
| Long-term debt | $0 | $93.90M | $145.08M |
| Total debt | $0 | $93.90M | $145.08M |
| Total liabilities | $134.44M | $188.68M | $238.54M |
| Shareholders' equity | $1.43B | $1.19B | $1.25B |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | $245.60M | $159.93M | $138.44M |
| Investing cash flow | $1.35M | -$75.64M | -$166.13M |
| Financing cash flow | -$163.35M | -$74.87M | $9.37M |
| Dividends paid | $34.86M | $30.65M | $29.66M |
| Stock-based compensation | $8.39M | $6.24M | $7.72M |
| Depreciation and amortization | $36.99M | $33.57M | $42.71M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue growth, YoY | 45.1% | 4.3% | - |
| Net income growth, YoY | 1166.9% | - | - |
| EPS growth, YoY | 1111.1% | - | - |
| Gross margin | 83.8% | 79.4% | 70.5% |
| Operating margin | 70.9% | 41.0% | 35.2% |
| Net margin | 74.3% | 8.5% | -20.4% |
| Return on equity | 14.4% | 1.4% | -3.0% |
| Return on assets | 13.2% | 1.2% | -2.5% |
| Current ratio | 4.53 | 4.37 | 4.11 |
| Debt to equity | 0.00 | 0.08 | 0.12 |
Source: XBRL data OR Royalties Inc. files with the SEC, latest filing dated Mar 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
OR peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| OR | $277.37M | +45.1% | $206.09M | 74.3% | $7.09B |
| NEM | $26.61B | +23.7% | $9.24B | 34.7% | $130.07B |
| AEM | $11.91B | +43.7% | $4.46B | 37.5% | $101.51B |
| B | $16.96B | +31.2% | $4.99B | 29.4% | $69.56B |
| WPM | $2.31B | +80.2% | $1.47B | 63.6% | $65.38B |
| FNV | $1.82B | +63.7% | $1.11B | 61.0% | $50.81B |
| AU | $9.89B | +70.8% | $3.17B | 32.1% | $50.26B |
| GFI | $8.75B | +68.2% | $3.57B | 40.8% | $36.73B |
| KGC | $7.05B | +36.9% | $2.39B | 33.9% | $26.92B |
OR FAQ
8 questionsWhat is OR revenue?
OR Royalties Inc. (OR) reported $277.37M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 45.1% from the year before.Is OR profitable?
Yes. OR Royalties Inc. earned $206.09M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 74.3%.How much cash and debt does OR have?
OR Royalties Inc. reported $142.13M in cash and cash equivalents and $0 of debt on its most recent balance sheet in SEC filings.How fast is OR revenue growing?
OR Royalties Inc.'s revenue changed +45.1% in fiscal 2025, to $277.37M.What is OR gross margin?
OR Royalties Inc.'s gross profit was $232.49M on $277.37M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 83.8%.What is OR earnings per share?
Diluted earnings per share were $1.09 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did OR last report financial results?
The latest statements here come from OR Royalties Inc.'s 40-F filed on Mar 30, 2026, covering the period ended Dec 31, 2025.Where does this OR financial data come from?
Quantisnow builds these statements from the structured XBRL data OR Royalties Inc. files with the SEC. It is provided for information only and is not investment advice.