What is the 13F Pro Quality Score for RGLD?

13F Pro ranks ROYAL GOLD INC (RGLD) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View RGLD's current score at https://13fpro.ai/research/RGLD (free sign-up required for the full ranking).

Where does 13F Pro source RGLD data?

All ROYAL GOLD INC fundamentals and ownership data come directly from SEC EDGAR. ROYAL GOLD INC files with the SEC under CIK 85535. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is RGLD in?

ROYAL GOLD INC (RGLD) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives RGLD's revenue?

Per ROYAL GOLD INC's latest 10-Q filed with the SEC on 2026-05-07, the biggest revenue drivers are: Stream Interests ($312.8M, +156% YoY); Royalty Interests ($156.3M, +120% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/RGLD.

What are RGLD's largest expenses?

ROYAL GOLD INC's latest 10-Q reports these as the largest expense items: General and administrative ($17.5M, +58% YoY); Interest and other expense ($13.2M, +1046% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is RGLD research updated on 13F Pro?

RGLD's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

ROYAL GOLD INC(RGLD)Stock Analysis

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13F Pro Quality Score

79.4/100

Rank #54 of 2,879 stocksTOP 5%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

89.6/100

Profitability

95.8/100

Balance Sheet

78.2/100

Earnings Quality

89.0/100

Free Cash Flow

95.3/100

Institutional Flow

27.3/100

Revenue Scale

51.7/100

Dilution Risk

53.8/100

RGLD Stock Analysis & AI Quality Score

AI stock analysis and institutional research for ROYAL GOLD INC (RGLD), a Financials sector company. 13F Pro's AI-powered ranking engine scores RGLD at 79.4/100 on a 32-signal composite quality model, placing it at rank #54 of 2,879 stocks — the top 5% of the AI-ranked universe. RGLD scores in the top quartile across profitability (95.8), free cash flow (95.3), revenue growth (89.6). Areas of concern include institutional flow (27.3), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q3 2026), ROYAL GOLD INC reports quarterly revenue of $469.1M, net income of $281.1M, an operating margin of 63.3%. Top institutional holders of RGLD by reported 13-F value include Capital World Investors, BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. RGLD trades on the Nasdaq exchange and files with the SEC under CIK 85535. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RGLD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ROYAL GOLD INC directly from SEC EDGAR. ROYAL GOLD INC's 13F Pro composite quality score has ranged between 8 and 80 since 2021, currently 79.4 — an improving long-term trajectory across 46 quarterly and live scoring snapshots.

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Fun facts about ROYAL GOLD INC

Quirks, history, and lore behind RGLD — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financials company · mid-cap · listed on Nasdaq · headquartered in Colorado.
2
The Numbers
Annual revenue in the range of $200–300 million, yet it operates with some of the fattest profit margins in the entire natural-resources sector — overhead is almost comically low.
3
The History
Founded in the late 1980s, it pioneered a model where it finances mining companies in exchange for a perpetual slice of future production — no shovels required.
4
The Secret
It never digs, drills, or blasts anything — it is essentially a royalty and streaming company that profits whenever someone else pulls precious metals out of the ground.
5
The Lore
Its portfolio spans dozens of mines across multiple continents, meaning a single analyst team can track revenue that would require thousands of miners to actually produce.
6
The Giveaway
The name says it all: a crown-wearing word paired with the most coveted precious metal on earth — and its ticker is basically just that metal's abbreviation with an 'L' tacked on.

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What's Driving RGLD's Business? Latest 10-Q Breakdown

AI-extracted from ROYAL GOLD INC's 10-Q filed 2026-05-07 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Royal Gold's Q1 revenue surged to $469.1M (+143% YoY) driven by higher precious metal prices and Sandstorm/Horizon acquisition contributions, with net income reaching $281.1M.

Biggest Revenue Drivers

Total revenue: $469.1M+143% YoY

Stream Interests$312.8M+156% YoY

Higher gold, silver and copper prices; new Kansanshi stream; Sandstorm and Horizon assets; higher deliveries from Andacollo.

Royalty Interests$156.3M+120% YoY

Higher gold and copper prices; new royalties from Bear Creek transaction; Sandstorm and Horizon assets.

Largest Expense Items

General and administrative$17.5M+58% YoY

Higher employee costs and corporate costs from Sandstorm and Horizon acquisition.

Interest and other expense$13.2M+1046% YoY

Higher interest on revolving credit facility; average outstanding debt of $756.4M at 5.0% all-in rate vs. no debt in prior year.

Margins: Segment gross profit margin remained healthy at 67% of revenue ($314.9M gross profit on $469.1M revenue), though absolute costs increased proportionally with higher metal prices and production. Operating margin of 63% benefited from operating leverage on revenue growth partially offset by higher depletion from expanded asset base post-acquisition.

Watch Items from the Filing

Debt increased to $600M outstanding on revolver (from $0M year-ago) with $900M borrowed in Q1 2026 and $300M repaid; $756.4M average borrowing at 5.0%. Post-quarter repayments to $525M signal active deleveraging.
Conditional funding of $100M for Warintza remains pending security registration; $50M paid April 14, 2026 post-environmental approval. $163.75M conditional funding outstanding for Ilovica acquisition subject to unspecified conditions.
Mount Milligan (8.3% of Q1 revenue) gold stream deliveries decreased 25% YoY; copper declined 32% YoY due to lower head grade, recovery and throughput timing. Mine life extends only to 2044 for underground operations.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q3 2026

$469.1M

Net Income

Q3 2026

$281.1M

Free Cash Flow

Q3 2026

$293.6M

Operating Margin

Q3 2026

63.3%

D/E Ratio

Q3 2026

0.08

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+17.9% YoY

$498.8MFY 2020

FY17 $440.8MFY18 $459.0MFY19 $423.1MFY20 $498.8M

Net Income

+112.5% YoY

$199.3MFY 2020

FY17 $101.5MFY18 $-113.1MFY19 $93.8MFY20 $199.3M

Operating Income

+41.4% YoY

$198.9MFY 2020

FY17 $145.9MFY18 $-74.5MFY19 $140.7MFY20 $198.9M

EPS (Diluted)

+111.9% YoY

$3.03FY 2020

FY17 $1.55FY18 $-1.73FY19 $1.43FY20 $3.03

Total Assets

+8.7% YoY

$2.77BFY 2020

FY17 $3.09BFY18 $2.68BFY19 $2.54BFY20 $2.77B

Total Debt

+40.0% YoY

$300.4MFY 2020

FY17 $586.2MFY18 $351.0MFY19 $214.6MFY20 $300.4M

Op. Cash Flow

+34.6% YoY

$340.8MFY 2020

FY17 $266.9MFY18 $328.8MFY19 $253.2MFY20 $340.8M

Metric	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Revenue	$498.8M +17.9%	$423.1M -7.8%	$459.0M +4.1%	$440.8M +52.6%	$288.8M +18.1%	$244.6M
Net Income	$199.3M +112.5%	$93.8M +182.9%	$-113.1M -211.4%	$101.5M +231.6%	$-77.1M -248.5%	$52.0M
Operating Income	$198.9M +41.4%	$140.7M +288.8%	$-74.5M -151.1%	$145.9M +2930.4%	$4.8M -94.5%	$87.2M
EPS (Diluted)	$3.03 +111.9%	$1.43 +182.7%	$-1.73 -211.6%	$1.55 +231.4%	$-1.18 -247.5%	$0.80
Total Assets	$2.77B +8.7%	$2.54B -5.1%	$2.68B -13.3%	$3.09B +0.8%	$3.07B +5.2%	$2.92B
Total Debt	$300.4M +40.0%	$214.6M -38.9%	$351.0M -40.1%	$586.2M -2.4%	$600.7M +91.4%	$313.9M
Operating Cash Flow	$340.8M +34.6%	$253.2M -23.0%	$328.8M +23.2%	$266.9M +57.6%	$169.3M -11.9%	$192.1M

AI Insight: RGLD Financial Trends

Royal Gold's revenue nearly tripled from Q2 2024 to Q1 2026, driven by a transformational acquisition; net income surged 247% while leverage remains moderate at 8.0% debt-to-equity.

• Revenue accelerated from $174M (Q2 2024) to $469M (Q1 2026), a 169% increase. Operating income doubled to $297M.

• Net income grew 247% from $81M (Q2 2024) to $281M (Q1 2026), reflecting margin expansion and scale benefits.

• Operating cash flow surged from $114M to $294M, a 158% increase, signaling robust underlying cash generation.

⚠ Total debt rose sharply from $0M (Q3–Q2 2025) to $895M (Q4 2025), then declined to $596M (Q1 2026). Debt-to-equity now 8.0%.

⚠ Q4 2025 net income dipped to $94M despite $211M operating income, suggesting one-time charges or tax impacts warrant clarification.

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Available Research

13F Pro tracks comprehensive data for ROYAL GOLD INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of RGLD

Capital World Investors
$2.7B10,516,187 sh
BlackRock, Inc.
$2.7B10,472,658 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.0B4,110,289 sh
VANGUARD CAPITAL MANAGEMENT LLC
$957.7M3,763,318 sh
STATE STREET CORP
$916.2M3,600,198 sh
Invesco Ltd.
$571.8M2,246,739 sh
GEODE CAPITAL MANAGEMENT, LLC
$439.6M1,727,066 sh
Capital International Investors
$249.4M980,083 sh
DIMENSIONAL FUND ADVISORS LP
$241.2M948,257 sh
MORGAN STANLEY
$236.8M930,481 sh

Fund	Value	Shares
Capital World Investors	$2.7B	10,516,187
BlackRock, Inc.	$2.7B	10,472,658
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.0B	4,110,289
VANGUARD CAPITAL MANAGEMENT LLC	$957.7M	3,763,318
STATE STREET CORP	$916.2M	3,600,198
Invesco Ltd.	$571.8M	2,246,739
GEODE CAPITAL MANAGEMENT, LLC	$439.6M	1,727,066
Capital International Investors	$249.4M	980,083
DIMENSIONAL FUND ADVISORS LP	$241.2M	948,257
MORGAN STANLEY	$236.8M	930,481

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Is RGLD a good stock to buy?

13F Pro's AI-powered analysis of ROYAL GOLD INC (RGLD) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for RGLD are available on the RGLD stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own RGLD?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling RGLD. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of ROYAL GOLD INC's investment landscape.