What move does the options market price into Royalty Pharma's report?

Implied ±4.9%, either direction.

RPRXNasdaqPharmaceutical Preparations

Royalty Pharma plc (RPRX) earnings date, market-implied expected move, and options open interest by expiry

67.19

+0.01 · +0.01%

post 66.62 −0.84%

Closed15:59 ET

Open66.83Volume2.9MMkt cap$38.2BP/E47.11Div yield1.39%

Day66.53 – 66.8330%52-wk35.34 – 67.7197%

RPRX

Royalty Pharma plc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±4.9%implied · straddle

63.2569.79

spot 66.52exp Nov 20ATM strike 67.5ATM straddle 3.85IV 32%

Nov 2 closethin chain

Expected move

Inputs

Next report

Nov 4

before open · in 2 days

confirmedQ3 FY26

Calendar

Next report

Last report

+0.47%

vs ±5.4% implied · ×0.09

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Linked news

6hSNDX · supplierSyndax posts net loss of $49,433 in thousands, revenue $83,298 in thousands
4dEXEL · customerExelixis reports Q3 net income $218,095 thousand, revenue $658,696 thousand
4dBIIB · customerBiogen to Present New Data Across Alzheimer's Disease Portfolio at CTAD 2026

News

Largest filed tie

13F top-10 QoQ

+3.32%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

648 managers

Top fund weight

0.02%

RPRX weight · VT

N-PORTJul 31 '26

1 fund

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Royalty Pharma (RPRX) reports on Nov 4 before open (confirmed date).

Implied vs realized

8 reports

—≥ implied

Jan 10 '25Jan 10 '25confirmed—▲+12.56%—

Feb 11 '25Feb 11 '25confirmed—▲+1.67%—

May 8 '25May 8 '25confirmed—▲+1.07%—

Aug 6 '25Aug 6 '25confirmed—▼−2.08%—

Q3 FY25Nov 5 '25confirmed—▲+6.82%—

Feb 11 '26Feb 11 '26confirmed—▲+0.09%—

Q1 FY26May 6 '26confirmed—▲+0.56%—

Q2 FY26Aug 5 '26confirmed±5.4%▲+0.47%×0.09

quarterimplied−15%0+15%realized×

Q2 FY26±5.4%▲+0.47%×0.09

Q1 FY26—+0.56%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Nov 2 close

0.35OI · 4 expiries · Nov 2 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

88+4%Nov 2018d254+6%

9400%Dec 1846d0.175,4070%0.17

24+4%Jan 1574d0.02994+44%0.02

15+7%Apr 16165d0.02769+2%0.02

ExpiryPutsCallsP/C

Nov 2018d88+4%254+6%0.35

Dec 1846d9400%5,4070%0.17

Jan 1574d24+4%994+44%0.02

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±4.9%

Funds 1

VT±0.0%

Customers 1

BIIB±2.3%×0.47

Dashed = straddle · × = co-movement · max 501dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

12.09%as filednet margin · revenue +6.91% QoQ · +16.50% YoY

Revenue

$674M+6.91% QoQ

Gross profit

$674M+6.91% QoQ

100.00% margin

Operating income

$133M−76.36% QoQ

19.75% margin

Pre-tax income

$81M−82.60% QoQ

Net income

$81M−82.60% QoQ

12.09% margin

Operating expenses

$541M+701.06% QoQ

Other operating $281M

SG&A $162M

R&D $98M

Other expense

$52M

Revenue$674M+6.91%

Gross profit

$674M+6.91%

100.00% margin

Operating income

$133M−76.36%

19.75% margin

Pre-tax income

$81M−82.60%

Net income

$81M−82.60%

12.09% margin

Cost of revenue

Operating expenses

$541M+701.06%

Other operating $281M

SG&A $162M

R&D $98M

Other expense

$52M

Tax$0

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 2 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

PPI ×1.45· ±1.5% vs ±1.1% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.5%6 of 10×1.45

CPIconsumer prices±1.0%6 of 10×0.94

CPROFcorporate profits±0.9%8 of 12×0.89

NFPjobs report±0.9%5 of 10×0.88

FOMCrate decision±0.9%10 of 24×0.83

GDPgross domestic product±0.8%10 of 19×0.74

PCEpersonal income & outlays±0.7%13 of 19×0.70

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS 0.04 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	0.04	—
Q1 FY26	May 6 '26 · confirmed	0.67	—
Q3 FY25	Nov 5 '25 · confirmed	0.67	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod