A-Mark Precious Financials

AMRK

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE June

This page shows A-Mark Precious (AMRK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 30/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

A-Mark Precious's revenue grew 13.2% year-over-year to $11.0B, a solid pace of expansion. This earns a growth score of 66/100.

Leverage

A-Mark Precious has elevated debt relative to equity (D/E of 2.33), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 25/100, reflecting increased financial risk.

Liquidity

A-Mark Precious's current ratio of 1.56 indicates adequate short-term liquidity, earning a score of 43/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

A-Mark Precious's free cash flow margin of 1.3% results in a low score of 6/100. Capital expenditures of $10.7M absorb a large share of operating cash flow.

Returns

A-Mark Precious generates a 2.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is down from 11.3% the prior year.

Piotroski F-Score Neutral

4/9

A-Mark Precious passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

8.80x

For every $1 of reported earnings, A-Mark Precious generates $8.80 in operating cash flow ($152.3M OCF vs $17.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$11.0B

YoY+13.2%

5Y CAGR+15.0%

10Y CAGR+6.1%

A-Mark Precious generated $11.0B in revenue in fiscal year 2025. This represents an increase of 13.2% from the prior year.

EBITDA

N/A

Free Cash Flow

$141.7M

YoY+163.9%

5Y CAGR+24.6%

A-Mark Precious generated $141.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 163.9% from the prior year.

Net Income

$17.3M

YoY-74.7%

5Y CAGR-10.7%

A-Mark Precious reported $17.3M in net income in fiscal year 2025. This represents a decrease of 74.7% from the prior year.

EPS (Diluted)

$0.71

YoY-75.0%

A-Mark Precious earned $0.71 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 75.0% from the prior year.

Cash & Debt

$77.7M

YoY+59.8%

5Y CAGR+8.2%

10Y CAGR+14.0%

A-Mark Precious held $77.7M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

25M

YoY+7.3%

A-Mark Precious had 25M shares outstanding in fiscal year 2025. This represents an increase of 7.3% from the prior year.

Gross Margin

1.9%

YoY+0.1pp

5Y CAGR+0.7pp

10Y CAGR+1.5pp

A-Mark Precious's gross margin was 1.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.

Operating Margin

N/A

Net Margin

0.2%

YoY-0.6pp

5Y CAGR-0.4pp

A-Mark Precious's net profit margin was 0.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.6 percentage points from the prior year.

Return on Equity

2.7%

YoY-8.6pp

5Y CAGR-27.5pp

A-Mark Precious's ROE was 2.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.6 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$10.7M

YoY+47.2%

5Y CAGR+66.4%

10Y CAGR+19.6%

A-Mark Precious invested $10.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 47.2% from the prior year.

AMRK Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$11.0B+13.2%	$9.7B+4.4%	$9.3B+13.8%	$8.2B+7.2%	$7.6B+39.4%	$5.5B
Cost of Revenue	$10.8B+13.0%	$9.5B+5.9%	$9.0B+13.9%	$7.9B+6.7%	$7.4B+37.2%	$5.4B
Gross Profit	$210.9M+21.7%	$173.3M-41.2%	$294.7M+12.6%	$261.8M+24.5%	$210.2M+213.9%	$67.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$139.2M+55.0%	$89.8M+5.3%	$85.3M+11.3%	$76.6M+59.6%	$48.0M+30.6%	$36.8M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$46.2M+16.9%	$39.5M+25.4%	$31.5M+43.4%	$22.0M+10.7%	$19.9M+5.3%	$18.9M
Income Tax	$5.4M-60.5%	$13.7M-70.4%	$46.4M+39.2%	$33.3M+4.6%	$31.9M+399.1%	$6.4M
Net Income	$17.3M-74.7%	$68.5M-56.2%	$156.4M+18.0%	$132.5M-17.0%	$159.6M+423.2%	$30.5M
EPS (Diluted)	$0.71-75.0%	$2.84-55.2%	$6.34+16.3%	$5.45-38.8%	$8.90	$4.31

Metric	Q2'26	Q1'26	Q3'25	Q2'24	Q2'25	Q1'25	Q2'23	Q3'24
Revenue	$6.5B+76.0%	$3.7B+22.3%	$3.0B	N/A	$2.1B-16.3%	$2.5B+27.7%	$1.9B-16.0%	$2.3B
Cost of Revenue	$6.4B+76.9%	$3.6B+21.6%	$3.0B	N/A	$2.0B-16.5%	$2.4B+29.5%	$1.9B-16.1%	$2.2B
Gross Profit	$93.4M+28.1%	$72.9M+77.7%	$41.0M	N/A	$46.0M-6.8%	$49.4M-25.1%	$65.9M-12.7%	$75.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$59.8M-0.1%	$59.8M+79.1%	$33.4M	N/A	$22.4M+2.5%	$21.8M+16.7%	$18.7M-21.5%	$23.8M
Operating Income	$33K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$16.3M+29.0%	$12.6M-2.7%	$13.0M	N/A	$10.2M+3.5%	$9.8M+82.1%	$5.4M-41.6%	$9.2M
Income Tax	$2.2M+240.8%	$660K+153.6%	-$1.2M	N/A	$4.5M-9.8%	$5.0M-43.4%	$8.8M-10.5%	$9.8M
Net Income	$11.6M+1339.2%	-$939K+89.0%	-$8.5M	N/A	$13.8M-26.9%	$18.8M-40.8%	$31.8M-11.5%	$35.9M
EPS (Diluted)	$0.46+1250.0%	$-0.04+88.9%	$-0.36	N/A	$0.57-26.0%	$0.77-40.8%	$1.30-11.0%	$1.46

AMRK Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.2B+21.2%	$1.8B+18.3%	$1.5B+7.1%	$1.4B+21.1%	$1.2B+57.2%	$758.0M
Current Assets	$1.7B+20.9%	$1.4B+13.8%	$1.3B+7.3%	$1.2B+22.5%	$964.2M+35.0%	$714.0M
Cash & Equivalents	$77.7M+59.8%	$48.6M+23.7%	$39.3M+4.1%	$37.8M-62.7%	$101.4M+93.8%	$52.3M
Inventory	$794.8M+37.2%	$579.4M-10.3%	$645.8M+40.9%	$458.3M+78.4%	$257.0M+4.2%	$246.6M
Accounts Receivable	$137.7M+276.3%	$36.6M+3.8%	$35.2M-63.7%	$97.0M+9.0%	$89.0M+81.1%	$49.1M
Goodwill	$228.7M+14.4%	$199.9M+98.1%	$100.9M0.0%	$100.9M0.0%	$100.9M+1036.6%	$8.9M
Total Liabilities	$1.5B+29.7%	$1.2B+23.4%	$945.2M-0.7%	$952.2M+15.0%	$827.6M+26.7%	$653.1M
Current Liabilities	$1.1B+26.1%	$883.8M-4.4%	$924.1M+10.4%	$836.7M+17.9%	$709.6M+27.4%	$556.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$649.5M+6.9%	$607.6M+1.4%	$599.1M+22.6%	$488.6M+34.7%	$362.6M+259.0%	$101.0M
Retained Earnings	$464.1M-0.6%	$466.8M+5.9%	$440.6M+36.9%	$321.8M+51.8%	$212.1M+188.0%	$73.6M

Metric	Q2'26	Q1'26	Q3'25	Q2'24	Q2'25	Q1'25	Q2'23	Q3'24
Total Assets	$3.8B+47.8%	$2.6B+18.1%	$2.2B+19.5%	$1.8B+12.6%	$1.6B+2.8%	$1.6B+2.2%	$1.5B-3.0%	$1.6B
Current Assets	$3.3B+58.3%	$2.1B+20.1%	$1.8B+21.9%	$1.4B+7.6%	$1.3B+3.5%	$1.3B+2.2%	$1.3B-4.3%	$1.3B
Cash & Equivalents	$152.1M+70.4%	$89.2M-22.0%	$114.3M+135.1%	$48.6M+70.7%	$28.5M-40.9%	$48.2M+22.7%	$39.3M-49.7%	$78.1M
Inventory	$1.0B+21.9%	$846.1M+11.4%	$759.6M+31.1%	$579.4M-2.1%	$591.7M-3.2%	$611.2M-5.4%	$645.8M-4.4%	$675.4M
Accounts Receivable	$558.8M+97.4%	$283.1M+126.7%	$124.9M+241.3%	$36.6M-14.3%	$42.7M+24.5%	$34.3M-2.6%	$35.2M-60.9%	$90.1M
Goodwill	$228.7M0.0%	$228.7M+5.4%	$216.9M+8.5%	$199.9M+98.1%	$100.9M0.0%	$100.9M0.0%	$100.9M0.0%	$100.9M
Total Liabilities	$3.1B+64.9%	$1.9B+26.6%	$1.5B+27.5%	$1.2B+12.3%	$1.0B+4.2%	$996.2M+5.4%	$945.2M-8.3%	$1.0B
Current Liabilities	$2.8B+78.5%	$1.5B+36.7%	$1.1B+27.8%	$883.8M+22.8%	$719.7M+2.1%	$705.0M-23.7%	$924.1M-8.5%	$1.0B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$653.8M+1.5%	$644.0M+0.1%	$643.6M+5.9%	$607.6M+4.1%	$583.8M+0.4%	$581.7M-2.9%	$599.1M+6.8%	$561.0M
Retained Earnings	$464.8M+1.5%	$458.1M-0.1%	$458.7M-1.7%	$466.8M+6.0%	$440.4M+3.2%	$426.7M-3.2%	$440.6M+9.2%	$403.5M

AMRK Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$152.3M+150.0%	$60.9M+300.9%	-$30.3M+66.0%	-$89.2M-69.3%	-$52.7M-209.8%	$47.9M
Capital Expenditures	$10.7M+47.2%	$7.3M+51.7%	$4.8M+66.1%	$2.9M+36.3%	$2.1M+152.8%	$836K
Free Cash Flow	$141.7M+163.9%	$53.7M+252.9%	-$35.1M+61.9%	-$92.0M-68.1%	-$54.8M-216.3%	$47.1M
Investing Cash Flow	-$104.7M-64.6%	-$63.6M-1029.9%	$6.8M+111.3%	-$60.6M+53.6%	-$130.4M-367.3%	$48.8M
Financing Cash Flow	-$18.6M-255.1%	$12.0M-52.1%	$25.0M-70.9%	$86.1M-62.9%	$232.1M+540.4%	-$52.7M
Dividends Paid	$18.8M-55.1%	$41.8M+11.7%	$37.5M+65.5%	$22.6M+6.9%	$21.2M	N/A
Share Buybacks	N/A	$22.3M+128.5%	$9.8M	$0	$0	N/A

Metric	Q2'26	Q1'26	Q3'25	Q2'24	Q2'25	Q1'25	Q2'23	Q3'24
Operating Cash Flow	-$42.6M-121.8%	$195.4M+90.0%	$102.8M+24.1%	$82.8M+244.3%	-$57.4M-29.7%	-$44.3M+39.8%	-$73.6M-180.2%	$91.8M
Capital Expenditures	$4.0M+102.5%	$2.0M-20.1%	$2.5M-9.7%	$2.7M+41.3%	$1.9M+2.8%	$1.9M+21.2%	$1.6M+175.4%	$565K
Free Cash Flow	-$46.6M-124.1%	$193.4M+92.7%	$100.4M+25.3%	$80.1M+235.0%	-$59.3M-28.6%	-$46.1M+38.6%	-$75.1M-182.4%	$91.2M
Investing Cash Flow	-$28.1M-146.7%	-$11.4M+78.9%	-$54.0M-960.3%	-$5.1M+50.3%	-$10.2M-2290.4%	-$428K+94.8%	-$8.3M-68875.0%	$12K
Financing Cash Flow	$133.6M+177.4%	-$172.5M-722.9%	$27.7M+143.1%	-$64.3M-234.3%	$47.9M-10.7%	$53.6M+24.6%	$43.0M+149.9%	-$86.2M
Dividends Paid	$4.9M-0.8%	$5.0M+8.2%	$4.6M+0.6%	$4.6M-1.5%	$4.7M-83.4%	$28.0M+499.8%	$4.7M-0.7%	$4.7M
Share Buybacks	$901	$0-100.0%	$5.4M	$0-100.0%	$12.0M+145.4%	$4.9M	$0-100.0%	$9.8M

AMRK Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	1.9%+0.1pp	1.8%-1.4pp	3.2%-0.0pp	3.2%+0.4pp	2.8%+1.5pp	1.2%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	0.2%-0.6pp	0.7%-1.0pp	1.7%+0.1pp	1.6%-0.5pp	2.1%+1.5pp	0.6%
Return on Equity	2.7%-8.6pp	11.3%-14.8pp	26.1%-1.0pp	27.1%-16.9pp	44.0%+13.8pp	30.2%
Return on Assets	0.8%-3.0pp	3.8%-6.4pp	10.1%+0.9pp	9.2%-4.2pp	13.4%+9.4pp	4.0%
Current Ratio	1.56-0.1	1.63+0.3	1.37-0.0	1.41+0.1	1.36+0.1	1.28
Debt-to-Equity	2.33+0.4	1.92+0.3	1.58-0.4	1.95-0.3	2.28-4.2	6.47
FCF Margin	1.3%+0.7pp	0.5%+0.9pp	-0.4%+0.8pp	-1.1%-0.4pp	-0.7%-1.6pp	0.9%

Metric	Q2'26	Q1'26	Q3'25	Q2'24	Q2'25	Q1'25	Q2'23	Q3'24
Gross Margin	1.4%-0.5pp	2.0%+0.6pp	1.4%	N/A	2.2%+0.2pp	2.0%-1.4pp	3.4%+0.1pp	3.3%
Operating Margin	0.5%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	0.2%+0.2pp	-0.0%+0.3pp	-0.3%	N/A	0.7%-0.1pp	0.8%-0.9pp	1.6%+0.1pp	1.6%
Return on Equity	1.8%+0.3pp	1.5%+0.6pp	0.9%	N/A	2.4%-0.9pp	3.2%-4.6pp	7.9%+1.5pp	6.4%
Return on Assets	0.3%+0.4pp	-0.0%+0.3pp	-0.4%	N/A	0.9%-0.3pp	1.2%-1.6pp	2.8%+0.5pp	2.3%
Current Ratio	1.21-0.2	1.37-0.2	1.56-0.1	1.63-0.2	1.86+0.0	1.84+0.5	1.37+0.1	1.31
Debt-to-Equity	4.75+1.8	2.92+0.6	2.31+0.4	1.92+0.1	1.78+0.1	1.71+0.1	1.58-0.3	1.84
FCF Margin	-0.7%-6.0pp	5.3%+1.9pp	3.3%	N/A	-2.9%-1.0pp	-1.9%-7.4pp	5.5%+1.6pp	3.9%

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Frequently Asked Questions

What is A-Mark Precious's annual revenue?

A-Mark Precious (AMRK) reported $11.0B in total revenue for fiscal year 2025. This represents a 13.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is A-Mark Precious's revenue growing?

A-Mark Precious (AMRK) revenue grew by 13.2% year-over-year, from $9.7B to $11.0B in fiscal year 2025.

Is A-Mark Precious profitable?

Yes, A-Mark Precious (AMRK) reported a net income of $17.3M in fiscal year 2025, with a net profit margin of 0.2%.

What is A-Mark Precious's earnings per share (EPS)?

A-Mark Precious (AMRK) reported diluted earnings per share of $0.71 for fiscal year 2025. This represents a -75.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is A-Mark Precious's gross margin?

A-Mark Precious (AMRK) had a gross margin of 1.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is A-Mark Precious's net profit margin?

A-Mark Precious (AMRK) had a net profit margin of 0.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is A-Mark Precious's return on equity (ROE)?

A-Mark Precious (AMRK) has a return on equity of 2.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is A-Mark Precious's free cash flow?

A-Mark Precious (AMRK) generated $141.7M in free cash flow during fiscal year 2025. This represents a 163.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is A-Mark Precious's operating cash flow?

A-Mark Precious (AMRK) generated $152.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are A-Mark Precious's total assets?

A-Mark Precious (AMRK) had $2.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are A-Mark Precious's capital expenditures?

A-Mark Precious (AMRK) invested $10.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does A-Mark Precious have outstanding?

A-Mark Precious (AMRK) had 25M shares outstanding as of fiscal year 2025.

What is A-Mark Precious's current ratio?

A-Mark Precious (AMRK) had a current ratio of 1.56 as of fiscal year 2025, which is generally considered healthy.

What is A-Mark Precious's debt-to-equity ratio?

A-Mark Precious (AMRK) had a debt-to-equity ratio of 2.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is A-Mark Precious's return on assets (ROA)?

A-Mark Precious (AMRK) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is A-Mark Precious's Piotroski F-Score?

A-Mark Precious (AMRK) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are A-Mark Precious's earnings high quality?

A-Mark Precious (AMRK) has an earnings quality ratio of 8.80x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is A-Mark Precious?

A-Mark Precious (AMRK) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.