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Royalty Pharma (RPRX) R&D spending by quarter

Royalty Pharma's R&D spending was $63.2M in Q3 2026 (third quarter 2026), -35% from Q2 2026. Over the last 4 quarters it ranged from $50.5M (Q4 2025) to $97.9M (Q2 2026).

Royalty Pharma R&D spending by quarterRoyalty Pharma R&D spending by quarter$50.5MQ3 2025$50.5MQ4 2025$97.9MQ2 2026$63.2MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$63.2M-35%+25%
Q2 2026$97.9M+94%—
Q4 2025$50.5M0%—
Q3 2025$50.5M——

Q3 2026 at a glance

Royalty Pharma, Q3 2026: revenue $690M (+13% year over year), operating margin 59.5%, net earnings $145M, operating cash flow $686M. The chart follows the revenue to costs, profit and cash.

Questions

What is Royalty Pharma's R&D spending?

Royalty Pharma's R&D spending was $63.2M in Q3 2026 (third quarter 2026), -35% from Q2 2026.

How has Royalty Pharma's R&D spending changed?

Over the last 4 quarters it ranged from $50.5M (Q4 2025) to $97.9M (Q2 2026).

Q3 2026 results → · How Royalty Pharma makes money →