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AI brief of an SEC Form 8-K · Royal Gold (RGLD)

Royal Gold Q3 net income rises to $126.8 million on record revenue of $252.1 million

Positive Impact 3 of 5 earnings Written later

Royal Gold reported third-quarter 2025 net income of $126.8 million, or $1.92 per share, up from $96.2 million, or $1.46 per share, a year earlier, on revenue of $252.1 million versus $193.8 million. The company said revenue and operating cash flow were records, and adjusted net income was a record $136.2 million. The Sandstorm Gold and Horizon Copper acquisitions closed on October 20, 2025, after the quarter ended, and management kept its 2025 metal sales, DD&A and tax rate forecasts within previously provided ranges.

Key points

  • Q3 2025 revenue was $252.1 million, up from $193.8 million in Q3 2024, at an average gold price of $3,457 per ounce
  • Net income was $126.8 million, or $1.92 per share; adjusted net income was a record $136.2 million, or $2.06 per share
  • Operating cash flow was $174.0 million, compared with $136.7 million a year earlier
  • Sandstorm and Horizon acquisitions closed October 20, 2025; Royal Gold's share count rose to 84.4 million shares

The filing

CompanyRoyal Gold (RGLD)
Form8-K, current report
Filed with the SECNov 5, 2025, 4:12 PM ET
Accession number0000085535-25-000158

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.