A-Mark Precious Metals Q2 2025 Update
Ticker: GOLD · Form: 10-Q · Filed: Feb 10, 2025 · CIK: 1591588
Sentiment: neutral
Topics: 10-Q, financials, precious-metals
TL;DR
**AMRK Q2 2025:** Wholesale sales and interest income figures released. Check financials.
AI Summary
A-Mark Precious Metals, Inc. reported its Q2 2025 results for the period ending December 31, 2024. The company's filing details its financial position, including wholesale sales and interest income from finance products. Specific financial figures and comparative data from the prior year's period (July 1, 2023, to December 31, 2023) are provided.
Why It Matters
This filing provides investors with a mid-year financial snapshot of A-Mark Precious Metals, Inc., detailing their performance in wholesale sales and interest income, crucial for understanding the company's operational health.
Risk Assessment
Risk Level: medium — The filing contains detailed financial data, including liabilities and revenue streams, which are critical for assessing the company's financial health and potential risks.
Key Numbers
- Q2 2025 — Fiscal Quarter (Reporting period for the 10-Q filing)
- 2024-12-31 — Period End Date (The end date for the financial reporting period)
- 2023-07-01 to 2023-12-31 — Comparative Period (Data from the prior year's corresponding period)
Key Players & Entities
- A-Mark Precious Metals, Inc. (company) — Filer of the 10-Q report
- 2024-12-31 (date) — End of the reporting period for Q2 2025
- 2025-02-10 (date) — Filing date of the 10-Q
- 2023-07-01 (date) — Start of the comparative period in the prior year
- 2023-12-31 (date) — End of the comparative period in the prior year
FAQ
What is the reporting period for this 10-Q filing?
The reporting period is for the second quarter of fiscal year 2025, ending on December 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on February 10, 2025.
What are some of the key financial areas highlighted in the filing?
The filing mentions wholesale sales and interest income from finance products, as well as data related to liabilities.
What is the company's fiscal year end?
A-Mark Precious Metals, Inc.'s fiscal year ends on June 30.
What SIC code is associated with A-Mark Precious Metals, Inc.?
The Standard Industrial Classification (SIC) code is 5094, which corresponds to Wholesale - Jewelry, Watches, Precious Stones & Metals.
Filing Stats: 4,378 words · 18 min read · ~15 pages · Grade level 13.3 · Accepted 2025-02-10 14:51:38
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value AMRK NASDAQ Global Select
Filing Documents
- amrk-20241231.htm (10-Q) — 8864KB
- amrk-ex31_1.htm (EX-31.1) — 18KB
- amrk-ex31_2.htm (EX-31.2) — 18KB
- amrk-ex32_1.htm (EX-32.1) — 10KB
- amrk-ex32_2.htm (EX-32.2) — 10KB
- img205931175_0.jpg (GRAPHIC) — 150KB
- 0000950170-25-016909.txt ( ) — 28237KB
- amrk-20241231.xsd (EX-101.SCH) — 2479KB
- amrk-20241231_htm.xml (XML) — 6285KB
Financial Statements
Financial Statements 3 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 46 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 81 Item 4.
Controls and Procedures
Controls and Procedures 82 PART II OTHER INFORMATION 83 Item 1.
Legal Proceedings
Legal Proceedings 83 Item 1A.
Risk Factors
Risk Factors 83 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 99 Item 3. Defaults Upon Senior Securities 100 Item 4. Mine Safety Disclosures 100 Item 5. Other Information 100 Item 6. Exhibits and Financial Statement Schedules 101
Signatures
Signatures 102 2
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS Index to the Condensed Consolidated Financial Statements and Notes thereof Page Condensed Consolidated Balance Sheets as of December 31, 2024 and June 30, 2024 4 Condensed Consolidated Statements of Income for the Three and Six Months Ended December 31, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended December 31, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2024 and 2023 7 Notes to the Condensed Consolidated Financial Statements 8 Note 1. Description of Business 8 Note 2. Summary of Significant Accounting Policies 10 Note 3. Assets and Liabilities, at Fair Value 20 Note 4. Receivables, Net 23 Note 5. Secured Loans Receivable 23 Note 6. Inventories 25 Note 7. Leases 26 Note 8. Property, Plant, and Equipment 27 Note 9. Goodwill and Intangible Assets 27 Note 10. Long-Term Investments 29 Note 11. Accounts Payable and Other Current Liabilities 29 Note 12. Derivative Instruments and Hedging Transactions 29 Note 13. Income Taxes 32 Note 14. Related Party Transactions 33 Note 15. Financing Agreements 36 Note 16. Commitments and Contingencies 37 Note 17. Stockholders' Equity 38 Note 18. Customer and Supplier Concentrations 41 Note 19. Segments and Geographic Information 41 Note 20. Subsequent Events 45 3 A-MARK PRECIOUS METALS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED B ALANCE SHEETS (in thousands, except for share data) December 31, 2024 June 30, 2024 (unaudited) ASSETS Current assets Cash $ 37,768 $ 48,636 Receivables, net 34,147 36,596 Derivative assets 92,840 114,720 Secured loans receivable 98,461 113,067 Precious metals held under financing arrangements 19,420 22,066 Inventories: Inventories 642,259 579,400 Restricted inventories 551,937 517,744 1,194,