Income statement income statement flow. Revenue $674.14M. Net result $81.49M.
Income statement revenue $674.14M (+16.5% YoY).Operating income $133.12M (-36.5% YoY).Pre-tax result $81.49M (-12.0% YoY).Net result $81.49M (-12.0% YoY).
Financial Royalty Assets: $638.03M (+15.9% YoY)
Royalty Income Other: $36.11M (+27.9% YoY)
Provision for changes in expected cash flows from financial royalty assets: $268.22M
Provision for credit losses on unfunded commitments: $13.07M (-85.9% YoY)
Research and development funding expense: $97.85M (-67.4% YoY)
General and administrative expenses (includes $107,356 and $91,044 of share-based compensation expense for the three months ended June 30, 2026 and 2025, respectively, and $229,648 and $91,747 for the six months ended June 30, 2026 and 2025, respectively; see Note 4): $161.89M (-9.9% YoY)
