Royalty Management (RMCO)


Market Price (11/6/2026): $2.15 | Market Cap: $32.6 MilSector: Financials | Industry: Asset Management & Custody Banks

Royalty Management (RMCO)


Market Price (11/6/2026): $2.15
Market Cap: $32.6 Mil
Sector: Financials
Industry: Asset Management & Custody Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 134%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -35%

Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Royalty Investment.

Weak multi-year price returns
3Y Excs Rtn is -152%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -0.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.1%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.3%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.6%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.6%

Key risks
RMCO key risks include [1] its widening net loss and poor financial performance, Show more.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 134%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -35%
2 Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Royalty Investment.
3 Weak multi-year price returns
3Y Excs Rtn is -152%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -0.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.1%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.3%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.6%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.6%
7 Key risks
RMCO key risks include [1] its widening net loss and poor financial performance, Show more.

RMCO in ETFs

Weight = RMCO's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/5/2026

Royalty Management (RMCO) stock has lost about 5% since 7/31/2026 because of the following key factors:

1. Royalty Management (RMCO) missed its fiscal Q2 2026 earnings estimates. The company reported its fiscal Q2 2026 earnings, which ended June 30, 2026, in mid-August 2026. RMCO announced an earnings per share (EPS) of $0.02, falling short of the consensus estimate of $0.03 by $0.01. Despite reporting a 38% increase in revenue to $1.83 million compared to the prior year, the earnings miss likely contributed to negative investor sentiment shortly after the specified period began.

2. Analysts anticipate negative earnings per share for fiscal Q3 2026. Ahead of its estimated fiscal Q3 2026 earnings report, expected in November 2026, analysts are forecasting a negative EPS of -$0.01 per share. This projected return to a loss-making quarter, following the missed positive EPS in fiscal Q2 2026, likely fueled investor concerns and contributed to the stock's downward trend during the period.

Show more
Updated on 11/5/2026

Royalty Management (RMCO) stock has lost about 5% since 7/31/2026 because of the following key factors:

1. Royalty Management (RMCO) missed its fiscal Q2 2026 earnings estimates. The company reported its fiscal Q2 2026 earnings, which ended June 30, 2026, in mid-August 2026. RMCO announced an earnings per share (EPS) of $0.02, falling short of the consensus estimate of $0.03 by $0.01. Despite reporting a 38% increase in revenue to $1.83 million compared to the prior year, the earnings miss likely contributed to negative investor sentiment shortly after the specified period began.

2. Analysts anticipate negative earnings per share for fiscal Q3 2026. Ahead of its estimated fiscal Q3 2026 earnings report, expected in November 2026, analysts are forecasting a negative EPS of -$0.01 per share. This projected return to a loss-making quarter, following the missed positive EPS in fiscal Q2 2026, likely fueled investor concerns and contributed to the stock's downward trend during the period.

3. Bearish technical indicators and analyst sentiment weighed on the stock. Throughout the period, RMCO displayed a negative stock performance, including a -8.48% loss in the five trading days leading up to August 19, 2026. By November 3, 2026, technical analysis classified RMCO as a "Sell Candidate" with a technical score of -1.06, a rating consistent since October 30, 2026. The stock was observed trading near its 52-week low range of $1.74 to $5.00 and below its 200-day simple moving average, indicating a bearish technical outlook.

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Stock Movement Drivers

Fundamental Drivers

The -6.5% change in RMCO stock from 7/31/2026 to 11/5/2026 was primarily driven by a -14.1% change in the company's P/S Multiple.
(LTM values as of)731202611052026Change
Stock Price ($)2.262.11-6.5%
Change Contribution By: 
Total Revenues ($ Mil)668.9%
P/S Multiple6.05.2-14.1%
Shares Outstanding (Mil)1515-0.1%
Cumulative Contribution-6.5%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
RMCO-6.5% 
Market (SPY)-1.9%34.8%
Sector (XLF)1.0%24.8%

Fundamental Drivers

The -23.7% change in RMCO stock from 4/30/2026 to 11/5/2026 was primarily driven by a -38.7% change in the company's P/S Multiple.
(LTM values as of)430202611052026Change
Stock Price ($)2.762.11-23.7%
Change Contribution By: 
Total Revenues ($ Mil)5624.6%
P/S Multiple8.55.2-38.7%
Shares Outstanding (Mil)1515-0.1%
Cumulative Contribution-23.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
RMCO-23.7% 
Market (SPY)2.3%18.3%
Sector (XLF)10.7%12.8%

Fundamental Drivers

The -32.8% change in RMCO stock from 10/31/2025 to 11/5/2026 was primarily driven by a -70.7% change in the company's P/S Multiple.
(LTM values as of)1031202511052026Change
Stock Price ($)3.142.11-32.8%
Change Contribution By: 
Total Revenues ($ Mil)36133.5%
P/S Multiple17.75.2-70.7%
Shares Outstanding (Mil)1515-1.6%
Cumulative Contribution-32.8%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
RMCO-32.8% 
Market (SPY)8.4%20.0%
Sector (XLF)11.1%18.1%

Fundamental Drivers

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Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
RMCO-68.7% 
Market (SPY)81.3%12.1%
Sector (XLF)85.5%11.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
RMCO Return2%-0%-83%-41%211%-32%-78%
Peers Return48%15%9%47%20%5%242%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
RMCO Win Rate62%50%50%42%67%27% 
Peers Win Rate62%48%55%63%45%51% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
RMCO Max Drawdown--6%-86%-65%-49%-55% 
Peers Max Drawdown-25%-35%-32%-20%-28%-35% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: FNV, RGLD, VNOM, TPL, BX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventRMCOS&P 500
2025 US Tariff Shock
  % Loss-15.6%-18.8%
  % Gain to Breakeven18.5%23.1%
  Time to Breakeven9 days79 days

Compare to FNV, RGLD, VNOM, TPL, BX

In The Past

Royalty Management's stock fell -15.6% during the 2025 US Tariff Shock. Such a loss loss requires a 18.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

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Compare to FNV, RGLD, VNOM, TPL, BX

In The Past

Royalty Management's stock fell -15.6% during the 2025 US Tariff Shock. Such a loss loss requires a 18.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Royalty Management (RMCO)

Royalty Management Holding Corporation (RMCO) operates as a specialized royalty company focused on identifying and investing in a diverse range of undervalued assets. The company's core business model revolves around strategically acquiring royalty interests or direct stakes in assets that it believes possess significant future growth and income potential.

RMCO's investment portfolio is broad and multifaceted, encompassing both tangible and intangible assets. This includes natural resources such as mining interests, oil, or gas, as well as intellectual property like patents, copyrights, and trademarks. Additionally, the company invests in emerging digital assets. By diversifying across these varied asset classes, RMCO aims to generate revenue through royalty payments, licensing fees, or capital appreciation derived from the utilization and performance of these underlying assets.

While Royalty Management does not directly offer products or services to end-consumers, its market primarily involves entities that own, develop, or utilize the assets in which RMCO invests. Its success is intrinsically linked to the performance of these assets across various sectors, including energy, technology, media, and digital economies. Ultimately, the company's objective is to serve its shareholders by building a robust portfolio of income-generating and appreciating assets.

AI Analysis | Feedback

Here are 1-3 brief analogies for Royalty Management (RMCO):

  • It's like Royalty Pharma, but instead of just drug royalties, it acquires ongoing income streams (royalties) from a much wider range of assets like natural resources, patents, and digital content.
  • Imagine it as a kind of REIT (Real Estate Investment Trust), but instead of owning buildings and collecting rent, it owns and collects royalties from a diverse portfolio of non-real estate assets like natural resources, intellectual property, and digital assets.

AI Analysis | Feedback

  • Natural Resource Royalties: Income streams derived from the company's investments in undervalued natural resource assets such as oil, gas, minerals, or timber.
  • Patent Royalties: Income streams derived from the company's investments in patents, receiving payments for the use of those patents by third parties.
  • Intellectual Property Royalties: Income streams derived from the company's investments in various forms of intellectual property beyond patents, including trademarks, copyrights, or trade secrets.
  • Digital Asset Royalties: Income streams derived from the company's investments in various digital assets, such as NFTs, software licenses, or other digital forms.

AI Analysis | Feedback

Based on its business model as a royalty company, Royalty Management Holding Corporation (RMCO) does not have traditional "customers" to whom it sells products or services.

Instead, RMCO's revenue is derived from royalty payments received from entities that operate, license, or exploit the natural resources, patents, intellectual property, and digital assets in which RMCO holds an investment or royalty interest. These entities are not considered customers purchasing goods or services from RMCO.

The specific names of the entities making these royalty payments are not publicly disclosed by Royalty Management as major customers.

AI Analysis | Feedback

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AI Analysis | Feedback

Thomas M. Sauve, Chief Executive Officer, Director

An entrepreneur with over 20 years of experience leading businesses from startup to maturity, Thomas M. Sauve has managed the due diligence, closing, staffing, and ramp-up processes for numerous companies and technologies, demonstrating a history of successfully identifying opportunities aligned with investment theses. Mr. Sauve founded Royalty Management Holding Corporation in 2021. He is also a founder of ReElement Technologies Corp. (2017), where he served as Head-Business Strategy & Development, and founded T Squared Partners LLC and T Squared Capital LLC. His prior roles include serving as President of American Resources Corporation since 2015, where he successfully integrated eight acquisitions, and as CEO & Director of American Acquisition Opportunity, Inc. He possesses over 18 years of experience in entity formation, land and lease management acquisition integration, and more than 20 years of expertise in finance, resources, public company operations, and mergers and acquisitions.

Amanda C. Kruse, CPA, Chief Financial Officer

Amanda C. Kruse oversees all financial reporting and accounting for Royalty Management Holding Corporation, a role she assumed in 2025. Ms. Kruse brings over 15 years of experience in public and financial accounting, having previously served as Controller for Royalty Management Holding Corporation. Her expertise includes implementing scalable accounting and financial processes and platforms to ensure robust checks, balances, and cost controls across various organizations. She holds a Bachelor of Science in Business and a Master of Science in Accounting from the Kelley School of Business at Indiana University.

D. Joshua Hawes, Chairman

D. Joshua Hawes was appointed Chairman of the Board after November 25, 2024. He previously served as Chief Strategy Officer of USA Rare Earth from 2021 to 2023 and Chief of Staff from 2020 to 2021, where he oversaw a significant tenfold increase in company value and spearheaded the creation of the Magnet Manufacturing Tax Credit. Mr. Hawes also built the first ex-China, North American magnet supply chain network through strategic partnerships. With over 15 years of leadership experience, his focus areas include commodities, buy-side and sell-side investment sectors of the financial industry, and advanced technologies. Before USA Rare Earth, he held executive leadership roles for investment firms Delta1X and Hawking Alpha, leading entrepreneurial capital integration for several companies.

AI Analysis | Feedback

The key risks to Royalty Management Holding Corporation (RMCO) are:
  1. Widening Net Loss and Poor Financial Performance: Royalty Management has been noted for its widening net loss and an inability to achieve profitability at the operating income level. This indicates that the company's expenses are consistently exceeding its revenues, posing a significant challenge to its financial health and long-term sustainability.
  2. Dependence on Royalty Streams from Intellectual Property and Diversified Assets: The company's business model relies on acquiring and investing in royalty streams from various assets, including intellectual property and natural resources. A key risk is the potential lack of guaranteed protection for these intellectual property streams and the inherent volatility associated with diversified royalty assets. This dependence means that the company's revenue and profitability are susceptible to the performance and legal status of these underlying assets, which can fluctuate.
  3. Ability to Raise Additional Financing: As a company that invests in and acquires undervalued assets, Royalty Management's growth and operational capabilities are highly dependent on its ability to raise additional debt or equity financing. Challenges in securing capital could hinder its investment strategy, limit its capacity for growth, and impact its overall business expansion.

AI Analysis | Feedback

The rapid development of decentralized finance (DeFi) and blockchain-based marketplaces for intellectual property and digital assets poses an emerging threat. As these platforms mature, they could disintermediate traditional royalty investors by enabling direct, transparent, and potentially more efficient peer-to-peer royalty transactions. This could lead to increased competition for undervalued assets, driving up acquisition costs, and reducing Royalty Management's ability to find and profit from arbitrage opportunities, particularly in the digital assets and intellectual property domains.

AI Analysis | Feedback

Royalty Management Holding Corporation (RMCO) operates as a royalty company, identifying and investing in undervalued assets across natural resources, patents, intellectual property, and digital assets. Here are the addressable market sizes for their main areas of investment:

  • Intellectual Property and Patents: The global intellectual property rights and royalty market was valued at approximately USD 14.47 billion in 2023 and is projected to reach USD 42.62 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 14.2%. North America alone accounted for over 40% of the global intellectual property and royalty market revenue in 2023.

  • Digital Assets (Blockchain Technologies): The total global digital asset market capitalization, which includes cryptocurrencies and other blockchain-based assets that Royalty Management could invest in, doubled from approximately USD 830 billion to USD 1.6 trillion in 2023.

  • Natural Resources: Given the broad nature of natural resource investments (including critical elements, rare earth elements, metallurgical carbon, traditional resource deposits, land resources, water, agriculture, and timber), specific market sizes for all associated royalty streams are diverse. However, for a notable segment:

    • U.S. Oil and Gas Royalties: Passive income from U.S. oil and gas royalties is expected to exceed USD 20 billion by 2026.

    • Broader Natural Resource Investment Market: Globally, the private natural resources asset class accounted for approximately 3.1% of the private markets' total assets under management as of June 2023. The annual global market size for physical oil surpassed USD 2 trillion as of June 2023, and major metals markets like iron ore, gold, and copper were valued at USD 283 billion, USD 196 billion, and USD 183 billion respectively, representing the underlying asset values from which royalties can be derived.

AI Analysis | Feedback

Royalty Management Holding Corporation (RMCO) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and strategic focuses:

  1. Strategic Acquisitions and Investments in Critical Minerals and Emerging Technologies: The company's core strategy involves acquiring and developing high-value assets in resource-driven and emerging technology fields, with a particular emphasis on critical minerals and rare earth elements. This approach is a significant expected driver of future revenue.
  2. Intellectual Property and Patent Development: Royalty Management's investment in intellectual property (IP) and patent generation, especially for element refining and separation technologies, is anticipated to contribute to future revenue through royalty agreements. For instance, an agreement with ReElement Technologies Corporation grants RMCO rights to royalties on refined element sales.
  3. Expansion of the Environmental Services Division: The RMC Environmental Services division is identified as a current primary driver of revenue growth, benefiting from robust commercial, industrial, and residential development, as well as new infrastructure and construction projects in Indiana. Continued growth in this sector is expected.
  4. Deployment of Free Cash Flow into New Investment Opportunities: Royalty Management plans to allocate excess free cash flow towards a variety of pipeline opportunities and its existing portfolio. This strategy indicates a continuous pursuit of new ventures and acquisitions that will generate additional revenue streams in the coming years.

AI Analysis | Feedback

Here is a summary of Royalty Management Holding Corporation's capital allocation decisions over the last 3-5 years:

Share Repurchases

  • Royalty Management Holding Corporation's Board of Directors unanimously approved a stock repurchase program on April 17, 2024, authorizing the company to purchase up to $2.0 million of its common stock over 24 months.
  • As of December 31, 2024, the company had repurchased a total of 31,177 shares of common stock at an average price of $0.9201 per share.
  • By June 20, 2025, the company had repurchased a total of 91,177 shares under the program since its late 2024 implementation, including 60,000 shares in 2025 year-to-date.

Share Issuance

  • On April 15, 2025, there were 14,958,817 shares of the registrant's Common Stock outstanding.
  • During the fourth quarter of 2024, the company issued 225,000 stock warrants as compensation for the Board of Directors for 2024 and 2025.
  • As of December 31, 2024, 1,607,886 shares of preferred stock were issued or outstanding, compared to none in 2023.

Inbound Investments

  • On December 30, 2025, Royalty Management Holding Corporation announced that its wholly-owned subsidiary, The Vault Holdings Corporation, launched a private capital raise to expand its digital strategy, including bitcoin, cryptocurrency, and datacenter operations. The proceeds are primarily intended for purchasing crypto mining equipment, with management and existing investors committed to participate.

Outbound Investments

  • Royalty Management Holding Corporation entered into an agreement on December 12, 2025, to invest in intellectual property development at ReElement Technologies Corporation.
  • The company committed to an investment in SAGINT Inc. on December 3, 2025, a provider of compliant blockchain solutions for the traceability and marketability of commodities.

Capital Expenditures

  • Royalty Management's subsidiary, The Vault Holdings Corporation, plans to utilize proceeds from a private capital raise primarily to purchase crypto mining equipment and deploy its own servers and equipment at properties through new equipment purchases and site investment.

Peer Outperformance in Asset Management & Custody Banks

RMCO has trailed 94% of its 82 Asset Management & Custody Banks peers over 5Y. Asset Management & Custody Banks ranks 11th of 18 industries in Financials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Asset Management & Custody Banks constituents that RMCO has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
15%
of 100 industry peers · -37.3% return
3Y
7%
of 90 industry peers · -78.6% return
5Y
6%
of 82 industry peers · -78.7% return
No Asset Management & Custody Banks peer with a comparable growth profile has beaten RMCO by more than 20pp over 5Y.
Median price return by industry across the Financials sector, ranked by 5Y. Asset Management & Custody Banks is RMCO's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 6 33.1%75.7%125.1% SPNT 168% · RGA 162% · RNR 141%
Investment Banking & Brokerage 13 -3.9%89.1%93.1% IBKR 305% · SNEX 152% · GS 141%
Diversified Banks 12 30.0%140.4%90.3% CM 144% · RY 129% · JPM 127%
Life & Health Insurance 20 14.3%52.3%75.4% JXN 514% · UNM 224% · FG 188%
Property & Casualty Insurance 42 18.9%76.8%66.8% TRV 178% · PGR 172% · ACGL 168%
Multi-Sector Holdings 3 10.1%53.8%59.4% BRK-B 99% · VOYA 59% · JEF 37%
Multi-line Insurance 9 9.5%71.4%59.4% AIZ 105% · GNW 104% · L 98%
Regional Banks 263 30.0%87.5%46.7% CBC 268% · FCNCA 176% · NIC 136%
Insurance Brokers 15 5.5%13.4%33.4% LIFE 287% · ARX 89% · WTW 56%
Financial Exchanges & Data 15 20.6%37.2%27.9% CBOE 183% · VIRT 131% · CME 71%
Asset Management & Custody Banks ← 83 -5.9%22.8%12.3% VCTR 210% · AAMI 207% · WT 205%
Consumer Finance 30 2.9%81.0%8.1% ENVA 330% · FCFS 130% · ECPG 111%
Commercial & Residential Mortgage Finance 14 -46.5%36.8%2.5% FNMA 327% · FMCC 293% · ACT 158%
Diversified Financial Services 4 -1.6%20.1%-1.1% FRHC 153% · EQH 71%
Specialized Finance 3 15.8%31.5%-19.7% HASI -20% · CACC -24%
Transaction & Payment Processing Services 17 19.3%9.1%-29.4% V 103% · MA 94% · CPAY 83%
Mortgage REITs 35 -18.0%-6.1%-37.2% RITM 36% · DX 17% · AGNC 10%
Diversified Capital Markets 20 -47.1%-8.5%-70.1% LPLA 83% · TW 38% · RIOT -53%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

Title
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

RMCOFNVRGLDVNOMTPLBXMedian
NameRoyalty .Franco-N.Royal Go.Viper En.Texas Pa.Blacksto. 
Mkt Price2.15248.57258.0040.00275.12118.58183.57
Mkt Cap0.047.921.97.819.094.920.4
Rev LTM62,3171,5472,27896813,6131,913
Op Inc LTM-01,7539741,234731-974
FCF LTM-0-516181185,486118
FCF 3Y Avg0-265-5822304,240230
CFO LTM-0-1,0441,6616415,5981,044
CFO 3Y Avg0-6871,0275584,352687

Growth & Margins

RMCOFNVRGLDVNOMTPLBXMedian
NameRoyalty .Franco-N.Royal Go.Viper En.Texas Pa.Blacksto. 
Rev Chg LTM133.5%73.6%93.5%91.6%25.3%17.6%82.6%
Rev Chg 3Y Avg-27.8%41.5%45.0%16.3%29.9%29.9%
Rev Chg Q38.0%57.3%114.9%57.9%34.6%32.5%47.6%
QoQ Delta Rev Chg LTM8.9%10.0%18.4%11.9%7.8%8.2%9.5%
Op Inc Chg LTM11.1%93.4%88.3%99.7%24.9%-88.3%
Op Inc Chg 3Y Avg-39.0%52.4%32.6%15.5%-35.8%
Op Mgn LTM-5.1%75.7%63.0%54.2%75.5%-63.0%
Op Mgn 3Y Avg-18.2%68.5%60.1%57.9%76.2%-60.1%
QoQ Delta Op Mgn LTM-0.3%1.3%-1.2%4.1%0.6%-0.6%
CFO/Rev LTM-2.3%-67.5%72.9%66.2%41.1%66.2%
CFO/Rev 3Y Avg-9.2%-70.6%71.3%69.3%39.3%69.3%
FCF/Rev LTM-6.6%-3.3%27.1%12.2%40.3%12.2%
FCF/Rev 3Y Avg-14.5%-37.1%-61.9%30.5%38.2%30.5%

Valuation

RMCOFNVRGLDVNOMTPLBXMedian
NameRoyalty .Franco-N.Royal Go.Viper En.Texas Pa.Blacksto. 
Mkt Cap0.047.921.97.819.094.920.4
P/S5.320.714.13.419.67.010.6
P/Op Inc-104.627.422.56.326.0-22.5
P/EBIT-36.825.422.89.225.5-22.8
P/E-36.432.429.628.132.327.028.9
P/CFO-227.4-20.94.729.616.916.9
Total Yield-2.3%3.5%4.0%15.5%4.0%10.3%4.0%
Dividend Yield0.5%0.5%0.6%11.9%0.9%6.7%0.7%
FCF Yield 3Y Avg0.1%-2.7%-12.0%1.1%4.0%1.1%
D/E0.00.00.00.30.00.10.0
Net D/E0.0-0.00.00.3-0.00.10.0

Returns

RMCOFNVRGLDVNOMTPLBXMedian
NameRoyalty .Franco-N.Royal Go.Viper En.Texas Pa.Blacksto. 
1M Rtn-14.0%1.9%10.1%-3.8%-22.5%5.6%-1.0%
3M Rtn-10.0%7.7%18.5%-1.9%-22.5%-10.3%-5.9%
6M Rtn-27.0%9.4%11.4%-12.3%-30.8%-1.1%-6.7%
12M Rtn-36.2%33.4%50.1%15.8%-9.6%-14.4%3.1%
3Y Rtn-78.2%105.7%143.5%52.3%45.4%32.8%48.9%
1M Excs Rtn-12.5%5.9%14.6%-1.1%-19.0%8.5%2.4%
3M Excs Rtn-25.4%5.2%13.3%0.5%-18.2%-11.8%-5.7%
6M Excs Rtn-31.9%4.7%6.6%-17.1%-35.7%-5.9%-11.5%
12M Excs Rtn-50.3%22.1%40.5%1.8%-22.9%-27.0%-10.6%
3Y Excs Rtn-153.0%28.0%73.0%-31.6%-45.7%-41.1%-36.4%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Royalty Management Corporation (RMC) Environmental Services51  
Vault Holding Corporation00  
Royalty Management Corporation - Investments00  
Corporate - Royalty Management Holding Corporation (RMHC)00  
Environmental Services  0 
Fee Income  0 
Rental Income  0 
Single Segment   0
Total5100


Operating Income by Segment
$ Mil20252024
Royalty Management Corporation (RMC) Environmental Services00
Vault Holding Corporation-0-0
Royalty Management Corporation - Investments-0-0
Corporate - Royalty Management Holding Corporation (RMHC)-1-1
Total-0-0


Net Income by Segment
$ Mil20252024
Royalty Management Corporation (RMC) Environmental Services00
Royalty Management Corporation - Investments0-0
Vault Holding Corporation-0-0
Corporate - Royalty Management Holding Corporation (RMHC)-1-0
Total-1-0


Assets by Segment
$ Mil202520242022
Royalty Management Corporation - Investments1313 
Royalty Management Corporation (RMC) Environmental Services20 
Vault Holding Corporation22 
Corporate - Royalty Management Holding Corporation (RMHC)-00 
Single Segment  12
Total171512


Price Behavior

Price Behavior
Market Price$2.11 
Market Cap ($ Bil)0.0 
First Trading Date05/05/2021 
Distance from 52W High-53.3% 
   50 Days200 Days
DMA Price$2.51$2.89
DMA Trenddowndown
Distance from DMA-16.0%-27.0%
 3M1YR
Volatility44.4%89.4%
Downside Capture139.28120.97
Upside Capture-2.0356.75
Correlation (S&P 500)22.1%19.1%
RMCO Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta1.130.931.370.731.270.81
Up Beta-5.18-1.68-0.55-1.68-0.690.18
Down Beta2.802.603.422.243.411.54
Up Capture16%-5%131%50%84%17%
Bmk +ve Days12182862130427
Stock +ve Days9162954114326
Down Capture124%179%123%118%126%102%
Bmk -ve Days10253664121325
Stock -ve Days10223063122388

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RMCO
RMCO-34.5%89.6%-0.06-
Sector ETF (XLF)11.1%15.2%0.4719.4%
Equity (SPY)9.5%13.6%0.4119.3%
Gold (GLD)3.6%28.7%0.1113.1%
Commodities (DBC)37.7%21.2%1.40-4.6%
Real Estate (VNQ)12.0%14.2%0.5518.9%
Bitcoin (BTCUSD)-20.8%43.3%-0.424.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RMCO
RMCO-31.6%90.7%-0.10-
Sector ETF (XLF)9.1%18.4%0.369.6%
Equity (SPY)11.3%17.3%0.489.1%
Gold (GLD)17.5%19.1%0.7410.6%
Commodities (DBC)8.0%19.6%0.295.1%
Real Estate (VNQ)1.2%18.9%-0.057.0%
Bitcoin (BTCUSD)5.9%51.5%0.293.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RMCO
RMCO-17.4%88.7%-0.10-
Sector ETF (XLF)13.3%22.1%0.549.4%
Equity (SPY)14.9%18.0%0.709.0%
Gold (GLD)12.0%16.5%0.5910.5%
Commodities (DBC)7.6%18.1%0.335.1%
Real Estate (VNQ)5.7%20.7%0.236.9%
Bitcoin (BTCUSD)61.3%66.2%1.013.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 9302026-22.3%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest2.0 days
Basic Shares Quantity15.2 Mil
Short % of Basic Shares0.1%

Earnings Returns History

Updated 7/1/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/28/2024-5.5%12.8%-28.0%
SUMMARY STATS   
# Positive010
# Negative101
Median Positive 12.8% 
Median Negative-5.5% -28.0%
Max Positive 12.8% 
Max Negative-5.5% -28.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/28/2024-5.5%12.8%-28.0%
SUMMARY STATS   
# Positive010
# Negative101
Median Positive 12.8% 
Median Negative-5.5% -28.0%
Max Positive 12.8% 
Max Negative-5.5% -28.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/14/202610-Q
12/31/202503/31/202610-K
09/30/202511/13/202510-Q
06/30/202508/11/202510-Q
03/31/202505/14/202510-Q
12/31/202403/31/202510-K
09/30/202411/15/202410-Q
06/30/202408/15/202410-Q
03/31/202405/24/202410-Q
12/31/202304/16/202410-K
09/30/202311/20/202310-Q
06/30/202312/04/202410-Q/A
03/31/202312/04/202410-Q/A
12/31/202105/05/2023S-4/A
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/14/202610-Q
12/31/202503/31/202610-K
09/30/202511/13/202510-Q
06/30/202508/11/202510-Q
03/31/202505/14/202510-Q
12/31/202403/31/202510-K
09/30/202411/15/202410-Q
06/30/202408/15/202410-Q
03/31/202405/24/202410-Q
12/31/202304/16/202410-K
09/30/202311/20/202310-Q
06/30/202312/04/202410-Q/A
03/31/202312/04/202410-Q/A
12/31/202105/05/2023S-4/A
Core Cache Last Updated: 11/5/2026