A-Mark Precious (AMRK) reported $23.0B in revenue over the twelve months to Mar 31, 2026, up 109.4% from the prior twelve months. This page shows its 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).
A high-volume, thin-margin model now relies more on liability financing even as cash generation separates from earnings.
In FY2025, cash conversion diverged from earnings: operating cash flow was$152M against net income of$17M . Free cash flow of$142M with capital expenditures of$11M indicates the cash outcome was driven mainly by working-capital movements, not heavy reinvestment.
This is a high-volume, thin-spread model: FY2025 revenue was
The balance sheet expanded faster than equity: total liabilities reached
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of A-Mark Precious's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for A-Mark Precious, and counted as zero in the overall score.
Not available for A-Mark Precious, and counted as zero in the overall score.
A-Mark Precious passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
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
Earnings & Revenue
A-Mark Precious generated $11.0B in revenue in fiscal year 2025. This represents an increase of 13.2% from the prior year.
A-Mark Precious reported $17.3M in net income in fiscal year 2025. This represents a decrease of 74.7% from the prior year.
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.
Not reported for fiscal year 2025.
Cash & Balance Sheet
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.
A-Mark Precious held $77.7M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
Not reported for fiscal year 2025.
Capital Allocation
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
AMRK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.4B+59.8% | $6.5B+76.0% | $3.7B+46.5% | $2.5B-16.5% | $3.0B+9.7% | $2.7B+1.0% | $2.7B+7.5% | $2.5B |
| Cost of Revenue | $10.2B+59.4% | $6.4B+76.9% | $3.6B+48.5% | $2.4B-18.1% | $3.0B+10.0% | $2.7B+1.0% | $2.7B+7.6% | $2.5B |
| Gross Profit | $176.6M+89.1% | $93.4M+28.1% | $72.9M-10.8% | $81.7M+99.2% | $41.0M-8.4% | $44.8M+3.0% | $43.4M+1.1% | $43.0M |
| SG&A Expenses | $78.0M+30.5% | $59.8M-0.1% | $59.8M+12.0% | $53.4M+59.9% | $33.4M+29.7% | $25.8M-3.2% | $26.6M+17.2% | $22.7M |
| Interest Expense | $19.0M+17.1% | $16.3M+29.0% | $12.6M-2.3% | $12.9M-0.4% | $13.0M+25.0% | $10.4M+3.8% | $10.0M+3.7% | $9.6M |
| Income Tax | $17.7M+687.7% | $2.2M+240.8% | $660K-76.9% | $2.9M+332.3% | -$1.2M-160.3% | $2.0M+16.4% | $1.8M-42.3% | $3.0M |
| Net Income | $59.5M+411.2% | $11.6M+1339.2% | -$939K-109.1% | $10.3M+220.8% | -$8.5M-230.3% | $6.6M-27.0% | $9.0M-71.0% | $30.9M |
| EPS (Diluted) | $2.09+354.3% | $0.46+1250.0% | -$0.04 | N/A | -$0.36-233.3% | $0.27-27.0% | $0.37 | N/A |
Not reported in any period shown, so not listed: R&D Expenses, Operating Income.
AMRK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.2B+9.5% | $3.8B+47.8% | $2.6B+16.4% | $2.2B+1.5% | $2.2B+16.8% | $1.9B-7.9% | $2.0B+11.0% | $1.8B |
| Current Assets | $3.7B+9.8% | $3.3B+58.3% | $2.1B+21.1% | $1.7B-0.8% | $1.8B+18.0% | $1.5B-9.5% | $1.6B+14.1% | $1.4B |
| Cash & Equivalents | $143.6M-5.6% | $152.1M+70.4% | $89.2M+14.8% | $77.7M-32.0% | $114.3M+202.8% | $37.8M-19.5% | $46.9M-3.5% | $48.6M |
| Inventory | $1.3B+28.0% | $1.0B+21.9% | $846.1M+6.4% | $794.8M+4.6% | $759.6M+18.3% | $642.3M-12.7% | $735.6M+27.0% | $579.4M |
| Accounts Receivable | $168.4M-69.9% | $558.8M+97.4% | $283.1M+105.6% | $137.7M+10.3% | $124.9M+265.7% | $34.1M-52.5% | $71.8M+96.3% | $36.6M |
| Goodwill | $243.7M+6.6% | $228.7M0.0% | $228.7M0.0% | $228.7M+5.4% | $216.9M+8.5% | $199.9M0.0% | $199.9M0.0% | $199.9M |
| Total Liabilities | $3.3B+5.3% | $3.1B+64.9% | $1.9B+24.4% | $1.5B+1.8% | $1.5B+23.5% | $1.2B-11.8% | $1.4B+17.0% | $1.2B |
| Current Liabilities | $3.1B+13.3% | $2.8B+78.5% | $1.5B+38.5% | $1.1B-1.3% | $1.1B+19.5% | $944.6M-4.5% | $989.6M+12.0% | $883.8M |
| Total Equity | $847.3M+29.6% | $653.8M+1.5% | $644.0M-0.9% | $649.5M+0.9% | $643.6M+5.0% | $612.7M+0.3% | $611.1M+0.6% | $607.6M |
| Retained Earnings | $518.5M+11.6% | $464.8M+1.5% | $458.1M-1.3% | $464.1M+1.2% | $458.7M-3.1% | $473.1M+1.4% | $466.6M-0.1% | $466.8M |
Not reported in any period shown, so not listed: Long-Term Debt.
AMRK Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $235K+100.6% | -$42.6M-121.8% | $195.4M+191.8% | $67.0M-34.9% | $102.8M-6.6% | $110.1M+186.3% | -$127.5M-253.9% | $82.8M |
| Capital Expenditures | $3.2M-19.1% | $4.0M+102.5% | $2.0M-49.4% | $3.9M+57.7% | $2.5M-33.2% | $3.7M+509.7% | $607K-77.8% | $2.7M |
| Free Cash Flow | -$3.0M+93.6% | -$46.6M-124.1% | $193.4M+206.7% | $63.1M-37.2% | $100.4M-5.6% | $106.4M+183.0% | -$128.1M-259.9% | $80.1M |
| Investing Cash Flow | -$24.1M+14.4% | -$28.1M-146.7% | -$11.4M+81.4% | -$61.2M-13.4% | -$54.0M-983.1% | -$5.0M-132.2% | $15.5M+404.2% | -$5.1M |
| Financing Cash Flow | $15.4M-88.5% | $133.6M+177.4% | -$172.5M-307.2% | -$42.4M-253.0% | $27.7M+124.2% | -$114.2M-203.5% | $110.3M+271.6% | -$64.3M |
| Dividends Paid | $5.7M+14.9% | $4.9M-0.8% | $5.0M+1.3% | $4.9M+6.8% | $4.6M-0.7% | $4.6M+0.2% | $4.6M+1.2% | $4.6M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
AMRK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 1.7%+0.3pp | 1.4%-0.5pp | 2.0%-1.3pp | 3.3%+1.9pp | 1.4%-0.3pp | 1.6%0.0pp | 1.6%-0.1pp | 1.7% |
| Net Margin | 0.6%+0.4pp | 0.2%+0.2pp | 0.0%-0.4pp | 0.4%+0.7pp | -0.3%-0.5pp | 0.2%-0.1pp | 0.3%-0.9pp | 1.2% |
| Return on Equity | 7.0%+5.2pp | 1.8%+1.9pp | -0.1%-1.7pp | 1.6%+2.9pp | -1.3%-2.4pp | 1.1%-0.4pp | 1.5%-3.6pp | 5.1% |
| Return on Assets | 1.4%+1.1pp | 0.3%+0.4pp | 0.0%-0.5pp | 0.5%+0.9pp | -0.4%-0.7pp | 0.4%-0.1pp | 0.4%-1.2pp | 1.7% |
| Current Ratio | 1.180.0x | 1.21-0.2x | 1.37-0.2x | 1.560.0x | 1.560.0x | 1.58-0.1x | 1.660.0x | 1.63 |
| Debt-to-Equity | 3.86-0.9x | 4.75+1.8x | 2.92+0.6x | 2.330.0x | 2.31+0.3x | 1.96-0.3x | 2.23+0.3x | 1.92 |
| FCF Margin | 0.0%+0.7pp | -0.7%-6.0pp | 5.3%+2.8pp | 2.5%-0.8pp | 3.3%-0.5pp | 3.9%+8.6pp | -4.7%-7.9pp | 3.2% |
Not reported in any period shown, so not listed: Operating Margin.
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Where A-Mark Precious Ranks
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 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.
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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 44 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.