OR Royalties (OR) Financial Statements & Analysis

OR Royalties (OR) Income Statement

OR Royalties reported revenue of $277.37M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 45.1% from $191.16M a year earlier. Net income was $206.09M, up 1166.9% year over year, a net margin of 74.3%. Gross margin was 83.8% and operating margin 70.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was CAD 97.82M, up 62.1% from the same quarter a year earlier.

OR Royalties Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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OR Royalties Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	277.37	191.16	183.23	160.48	176.35	167.35	294.86	388.19	167.64
Cost of Revenue	9.12	6.74	54.14	49.68	29.52	49.90	197.44	293.87	98.79
Gross Profit	232.49	151.81	129.09	110.80	146.83	117.45	97.43	94.32	68.85
Operating Expenses
Research & Development	0.00	0.00	4.66	3.96	4.17	10.29	6.12	4.53	16.20
Selling, General & Administrative	30.23	23.93	26.63	14.90	18.65	28.45	23.68	18.10	24.56
Operating Expenses	35.72	73.49	56.75	18.86	58.88	84.78	235.04	184.17	124.23
Operating Income	196.77	78.32	72.34	91.94	87.95	32.67	-137.61	-89.86	-55.38
Other Income/Expense
Interest Income	-10.16	-25.87	5.06	7.20	5.07	4.58	4.63	4.76	4.26
Interest Expense	-4.48	-7.97	14.03	16.46	24.59	26.13	23.55	26.00	8.38
Other Income/Expense	44.62	-48.18	-91.01	0.67	-7.53	-11.41	-68.62	-21.53	3.54
Income
Income Before Tax	241.39	30.14	-27.64	83.35	80.42	21.26	-206.24	-111.39	-51.84
Income Tax Expense	35.30	13.88	9.79	20.51	20.33	8.55	-30.34	-27.82	-18.20
Net Income	206.09	16.27	-37.43	-87.50	-18.47	13.22	-175.89	-83.57	-33.42
Net Income - Continuous Operations	209.70	11.29	-37.43	62.84	-18.47	13.22	-175.89	-83.57	-33.42
Net Income - Discontinued Operations	-	-	-	-197.82	-104.55	-	-	-	-
EBITDA	239.25	161.45	29.10	138.43	146.07	90.01	75.84	76.36	43.75
EBIT	196.77	78.32	-13.61	99.81	88.62	-	-	-	-
Depreciation & Amortization	42.49	83.13	0.91	38.62	41.06	57.34	219.19	172.80	92.15
Earnings Per Share
Basic EPS	1.00	-	-	-	1.00	-	-1.00	-1.00	-
Diluted EPS	1.00	-	-	-	1.00	-	-1.00	-1.00	-
Basic Shares Outstanding	187.78	186.29	185.23	180.40	167.63	162.30	151.27	156.62	127.94
Diluted Shares Outstanding	189.15	187.58	185.23	180.65	167.63	162.43	151.27	156.62	127.94

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About OR Royalties Financial Statements

What was OR Royalties's revenue in fiscal 2025?

OR Royalties reported revenue of $277.37M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 45.1% from $191.16M a year earlier.

Is OR Royalties profitable?

Yes. OR Royalties earned net income of $206.09M in fiscal 2025, a net margin of 74.3%. In fiscal 2024 it earned $16.27M.

What is OR Royalties's operating margin?

OR Royalties's operating income was $196.76M on revenue of $277.37M in fiscal 2025, an operating margin of 70.9%, compared with 41.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition