OR Royalties Inc.
OR- Exchange
- NYSE
- Industry
- Gold and Silver Ores
- SEC CIK
- 0001627272
No open-market purchases or sales by OR Royalties Inc. insiders were filed in the last 90 days; 246 institutions reported holding it in 13F filings for Q2 2026, worth $4.07B in total; Elliott Investment Management is the only superinvestor holding it.
- Currency
- CAD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 1:45 PM ET
Amounts are in CAD, the currency OR Royalties Inc. reports in. Lines marked ≈ US$ convert key figures to US dollars.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023! | FY2022! | FY2021! |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 40-F | 40-F | 40-F | 40-F | 40-F |
| Reported | – | – | – | – | – |
| Revenue | – | – | CAD 247.3M≈ US$183.3M | CAD 217.8M≈ US$167.5M | CAD 224.9M≈ US$179.5M |
| Cost of revenue | – | – | CAD 16.6M | CAD 16.1M | CAD 37.6M |
| Gross profit | – | – | CAD 174.3M | CAD 150.4M | CAD 138.9M |
| Operating expenses | – | – | – | – | CAD 46.6M |
| Selling, general and administrative | – | – | CAD 32.8M | CAD 20.2M | CAD 41.3M |
| Operating income | – | – | CAD 87.7M | CAD 123.0M | CAD -45.2M |
| Interest expense | – | – | CAD 18.9M | CAD 22.3M | CAD 24.6M |
| Income tax | – | – | CAD 13.3M | CAD 27.8M | CAD 13.0M |
| Net income | – | – | CAD -48.3M≈ US-$35.8M | CAD -183.2M≈ US-$140.9M | CAD -56.7M≈ US-$45.2M |
| EPS, basic | – | – | CAD -0.26 | CAD -0.66 | – |
| EPS, diluted | – | – | CAD -0.26 | CAD -0.66 | CAD -0.14 |
| Weighted shares, basic | 187.8M | 186.3M | 185.2M | 180.4M | 167.6M |
| Weighted shares, diluted | 189.2M | 187.6M | 185.2M | 180.7M | 167.6M |
| Margins and growth | |||||
| Gross margin | – | – | 70.5% | 69.0% | 61.8% |
| Operating margin | – | – | 35.4% | 56.5% | -20.1% |
| Net margin | – | – | -19.5% | -84.1% | -25.2% |
| Revenue growth, year over year | – | – | +13.5% | −3.1% | +5.3% |
| Net income growth, year over year | – | – | – | – | −449.2% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 40-F | 40-F | 40-F | 40-F | 40-F |
| Reported | – | – | – | – | – |
| Accounts receivable | – | – | CAD 6.28M | CAD 11.7M | CAD 14.7M |
| Inventory | – | – | CAD 13.0K | CAD 0 | CAD 18.6M |
| Total current assets | – | – | CAD 84.0M | CAD 104.8M | CAD 152.9M |
| Goodwill | – | – | CAD 111.2M | CAD 111.2M | CAD 111.2M |
| Total assets | – | – | CAD 1.97B≈ US$1.49B | CAD 2.00B≈ US$1.48B | CAD 2.37B≈ US$1.86B |
| Accounts payable | – | – | CAD 8.21M | CAD 6.83M | CAD 30.0M |
| Short-term debt | – | – | CAD 0 | CAD 0 | CAD 294.9M |
| Total current liabilities | – | – | CAD 20.5M | CAD 17.9M | CAD 346.3M |
| Long-term debt | – | – | CAD 191.9M | CAD 147.9M | CAD 115.5M |
| Total liabilities | – | – | CAD 315.5M | CAD 259.1M | CAD 590.6M |
| Shareholders' equity | – | – | CAD 1.65B | CAD 1.74B | CAD 1.78B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 40-F | 40-F | 40-F | 40-F | 40-F |
| Reported | – | – | – | – | – |
| Operating cash flow | – | – | CAD 187.0M≈ US$138.6M | CAD 109.9M≈ US$84.6M | CAD 106.1M≈ US$84.7M |
| Stock-based compensation | – | – | CAD 10.4M | CAD 7.12M | CAD 13.3M |
| Dividends paid | – | – | CAD 39.9M | CAD 37.9M | CAD 32.5M |
| Share buybacks | – | – | – | CAD 22.1M | CAD 30.8M |
| Investing cash flow | – | – | CAD -219.8M | CAD -381.9M | CAD -272.0M |
| Financing cash flow | – | – | CAD 14.3M | CAD 219.2M | CAD -19.6M |
| Net change in cash | – | – | CAD -22.8M | CAD -25.1M | CAD -186.8M |
| Ratio | |||||
| Stock-based compensation, % of revenue | – | – | 4.2% | 3.3% | 5.9% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Dec 31, 2025 | 187.2M | +0.3% | SEC |
| Dec 31, 2024 | 186.7M | +0.7% | SEC |
| Dec 31, 2023 | 185.3M | +0.7% | SEC |
| Dec 31, 2022 | 184.0M | +10.5% | SEC |
| Dec 31, 2021 | 166.5M | −0.4% | SEC |
| Dec 31, 2020 | 167.2M | +6.2% | SEC |
| Dec 31, 2019 | 157.5M | +1.3% | SEC |
| Dec 31, 2018 | 155.4M | −1.5% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
- ≈ US$ figures convert CAD at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.