OR Royalties Inc. (OR)
OR Royalties Inc. reported revenue of $277.4M in fiscal 2025, up 45.1% from a year earlier. Net income was $206.1M, a net margin of 74.3%. Its latest periodic report to the SEC is the annual report (Canadian issuer) (40-F) filed on March 30, 2026.
Key facts about OR Royalties Inc.
- Net worth
- OR Royalties Inc. has a market value (market cap) of $6.8B at the latest share price, and shareholders' equity of $1.4B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $277.4M (+45.1% year on year), with net income of $206.1M.
- Cash flow
- In fiscal 2025 operations brought in $245.6M of cash.
- Latest report
- The latest periodic report (annual report (Canadian issuer), 40-F) was filed with the SEC on March 30, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What OR Royalties Inc. does
OR Royalties Inc. is registered with the SEC under industry code SIC 1040 (Gold and Silver Ores). Its shares trade on NYSE under the ticker OR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $277.4M | $206.1M | $1.09 | n/a |
| 2024 | $191.2M | $16.3M | $0.09 | n/a |
| 2024 | $183.2M | -$37.4M | -$0.20 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where OR ranks in Basic materials
Dividends
It paid out $34.9M in cash dividends, 17% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $34.9M | 17% |
| 2024 | n/a | $30.7M | 188% |
| 2024 | n/a | $29.7M | n/a |
Latest SEC filings
What OR Royalties Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 27, 2026Passive stake changed SCHEDULE 13G/A
- October 7, 2026
- September 23, 2026
- August 5, 2026
- July 8, 2026
- July 2, 2026
- May 15, 2026Passive stake changed SCHEDULE 13G/A
- May 15, 2026Passive stake changed SCHEDULE 13G/A
- May 7, 2026
- May 6, 2026
Insider trades
What the people running OR Royalties Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns OR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| EdgePoint Investment Group Inc.13G, passive | 10.38% | May 15, 2026 |
| BlackRock Portfolio Management LLC13G, passive | 8% | April 29, 2026 |
| Van Eck Associates Corp13G, passive | 5.74% | May 15, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 243 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| EdgePoint Investment Group Inc. | 18,366,141 | -1,094,503 |
| Van Eck Associates Corp | 11,085,785 | +614,970 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 7,293,395 | +235,801 |
| Vanguard Capital Management LLC | 5,537,686 | +51,155 |
| Tidal Investments LLC | 3,309,375 | +580,979 |
| Elliott Investment Management L.P. | 3,111,000 | 0 |
| Picton Mahoney Asset Management | 3,091,096 | -249,098 |
| Invesco Ltd. | 2,630,233 | +507,154 |
| Mackenzie Financial Corp | 1,818,737 | -244,748 |
| Royal Bank of Canada | 2,580,250 | -114,595 |
| Caisse de depot et placement du Quebec | 2,570,186 | +186,649 |
| Norges Bank | 2,498,906 | new |
| Sprott Inc. | 2,438,086 | +75,426 |
| Morgan Stanley | 2,033,058 | +135,531 |
| Two Sigma Investments, LP | 2,029,391 | -363,184 |
| Fmr LLC | 1,963,673 | -1,337,206 |
| Verbena Value LP | 1,923,700 | +628,800 |
| Horizon Kinetics Asset Management LLC | 1,915,799 | +161,655 |
| Connor, Clark & Lunn Investment Management Ltd. | 1,859,294 | -74,574 |
| Bank of Montreal | 1,829,980 | +368,548 |
Insiders
Questions about OR
What does OR Royalties Inc. do?
OR Royalties Inc. is a company in the Basic materials sector, listed on NYSE as OR. Its shares trade on NYSE under the ticker OR.
What is OR Royalties Inc.'s net worth?
OR Royalties Inc. has a market value (market cap) of $6.8B at the latest share price, and shareholders' equity of $1.4B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is OR Royalties Inc. profitable?
Yes. In fiscal 2025 it reported net income of $206.1M on revenue of $277.4M, a net margin of 74.3%.
How much revenue does OR Royalties Inc. make?
In fiscal 2025 OR Royalties Inc. reported revenue of $277.4M. That is 45.1% more than a year earlier.
When did OR Royalties Inc. last report?
Its most recent periodic report is the annual report (Canadian issuer) (40-F) filed on March 30, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the passive stake changed from October 27, 2026.
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Where the numbers come from
Financial figures are the values OR Royalties Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.