Sprott Financials

SII

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Sprott (SII) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

Rhea AI SII FY2025 2026-04-22

Asset-light economics let cash generation outrun accounting profit as FY2025 scale-up produced a much larger deployable cash pool.

In the latest year, operating cash flow reached $97.7M while capital spending stayed below $2M, showing that growth did not require much physical reinvestment. That helps explain why cash on hand rose to $123.4M even as liabilities increased to $158.5M: the balance sheet grew busier, but not because cash generation weakened.

The latest revenue jump did not produce a higher margin; net profit margin eased to 23.6% from 27.6%, which suggests FY2025 profit growth came more from scale than from richer economics on each revenue dollar. Return on equity still improved because the company earned more on a somewhat more leveraged capital base, not because each dollar of revenue became more profitable.

Shareholder payouts absorbed only part of internally generated cash: dividends were $33.5M against free cash flow of $95.8M. With shares essentially flat and retained earnings becoming less negative, the business appears able to return cash without leaning on heavy buybacks or large ongoing reinvestment.

Financial Health Signals

Financial Health Score 51/100

Scored against operating companies 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 Sprott'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.

Growth

Sprott's revenue surged 59.6% year-over-year to $285.1M, reflecting rapid business expansion. This strong growth earns a score of 91/100.

Leverage

Sprott has a moderate D/E ratio of 0.43. This balance of debt and equity financing earns a leverage score of 62/100.

Liquidity

Sprott's current ratio of 1.92 indicates adequate short-term liquidity, earning a score of 55/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Sprott converts 33.6% of revenue into free cash flow ($95.8M). This strong cash generation earns a score of 95/100.

Piotroski F-Score Partial

6/7

Sprott passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.45x

For every $1 of reported earnings, Sprott generates $1.45 in operating cash flow ($97.7M OCF vs $67.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$285.1M

YoY+59.6%

5Y CAGR+18.5%

Sprott generated $285.1M in revenue in fiscal year 2025. This represents an increase of 59.6% from the prior year.

EBITDA

N/A

Net Income

$67.3M

YoY+36.6%

5Y CAGR+20.1%

Sprott reported $67.3M in net income in fiscal year 2025. This represents an increase of 36.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$95.8M

YoY+42.4%

5Y CAGR+30.3%

Sprott generated $95.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 42.4% from the prior year.

Cash & Debt

$123.4M

YoY+163.6%

5Y CAGR+22.9%

Sprott held $123.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

26M

YoY-0.1%

5Y CAGR+0.2%

Sprott had 26M shares outstanding in fiscal year 2025. This represents a decrease of 0.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

23.6%

YoY-4.0pp

5Y CAGR+1.5pp

Sprott's net profit margin was 23.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.0 percentage points from the prior year.

Return on Equity

18.3%

YoY+3.1pp

5Y CAGR+9.1pp

Sprott's ROE was 18.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1.9M

YoY-0.9%

5Y CAGR+22.0%

Sprott invested $1.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 0.9% from the prior year.

SII Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$285.1M+59.6%	$178.7M+18.0%	$151.4M+4.3%	$145.2M-11.8%	$164.6M+35.2%	$121.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$23.0M+16.7%	$19.7M+132.1%	$8.5M+14.0%	$7.4M-38.0%	$12.0M+56.2%	$7.7M
Net Income	$67.3M+36.6%	$49.3M+17.9%	$41.8M+137.1%	$17.6M-46.9%	$33.2M+23.0%	$27.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q1'19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SII Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$525.8M+35.2%	$388.8M+2.6%	$378.8M-1.3%	$383.7M+4.9%	$365.9M-3.0%	$377.3M
Current Assets	$187.7M+137.1%	$79.2M+81.7%	$43.6M-43.4%	$77.0M-0.7%	$77.5M-9.1%	$85.3M
Cash & Equivalents	$123.4M+163.6%	$46.8M+126.7%	$20.7M-60.0%	$51.7M+3.8%	$49.8M+12.9%	$44.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$19.1M0.0%	$19.1M0.0%	$19.1M0.0%	$19.1M0.0%	$19.1M0.0%	$19.1M
Total Liabilities	$158.5M+143.3%	$65.2M-10.9%	$73.1M-31.3%	$106.5M+42.6%	$74.7M-13.6%	$86.4M
Current Liabilities	$97.5M+222.1%	$30.3M+41.2%	$21.4M-16.7%	$25.8M-8.4%	$28.1M-40.5%	$47.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$367.2M+13.5%	$323.6M+5.9%	$305.7M+10.3%	$277.3M-4.8%	$291.2M+0.1%	$291.0M
Retained Earnings	-$33.4M+50.3%	-$67.3M+24.8%	-$89.4M+15.1%	-$105.3M-8.6%	-$97.0M+7.2%	-$104.5M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q1'19
Total Assets	$525.8M+35.2%	$388.8M+2.6%	$378.8M-1.3%	$383.7M+4.9%	$365.9M-3.0%	$377.3M+16.1%	$324.9M+1.2%	$321.2M
Current Assets	$187.7M+137.1%	$79.2M+81.7%	$43.6M-43.4%	$77.0M-0.7%	$77.5M-9.1%	$85.3M-10.5%	$95.3M+17.2%	$81.4M
Cash & Equivalents	$123.4M+163.6%	$46.8M+126.7%	$20.7M-60.0%	$51.7M+3.8%	$49.8M+12.9%	$44.1M-19.4%	$54.7M+58.1%	$34.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$19.1M0.0%	$19.1M0.0%	$19.1M0.0%	$19.1M0.0%	$19.1M0.0%	$19.1M0.0%	$19.1M0.0%	$19.1M
Total Liabilities	$158.5M+143.3%	$65.2M-10.9%	$73.1M-31.3%	$106.5M+42.6%	$74.7M-13.6%	$86.4M+62.0%	$53.3M+11.7%	$47.7M
Current Liabilities	$97.5M+222.1%	$30.3M+41.2%	$21.4M-16.7%	$25.8M-8.4%	$28.1M-40.5%	$47.2M+34.3%	$35.2M-11.4%	$39.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$367.2M+13.5%	$323.6M+5.9%	$305.7M+10.3%	$277.3M-4.8%	$291.2M+0.1%	$291.0M+7.1%	$271.6M-0.7%	$273.5M
Retained Earnings	-$33.4M+50.3%	-$67.3M+24.8%	-$89.4M+15.1%	-$105.3M-8.6%	-$97.0M+7.2%	-$104.5M+3.5%	-$108.2M-13.4%	-$95.4M

SII Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$97.7M+41.3%	$69.2M+131.6%	$29.9M-8.1%	$32.5M-36.6%	$51.2M+95.3%	$26.2M
Capital Expenditures	$1.9M-0.9%	$1.9M+21.7%	$1.5M+1099.2%	$128K-81.5%	$693K+1.0%	$686K
Free Cash Flow	$95.8M+42.4%	$67.3M+137.5%	$28.3M-12.5%	$32.4M-36.0%	$50.6M+97.8%	$25.6M
Investing Cash Flow	$9.3M-62.0%	$24.5M+432.1%	$4.6M+119.6%	-$23.5M-13.9%	-$20.6M-20.7%	-$17.1M
Financing Cash Flow	-$33.3M+41.8%	-$57.2M+9.9%	-$63.5M-1528.5%	-$3.9M+83.9%	-$24.2M-7.8%	-$22.4M
Dividends Paid	$33.5M+23.5%	$27.1M+5.0%	$25.8M+0.3%	$25.8M+0.9%	$25.6M+10.7%	$23.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q1'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SII Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	23.6%-4.0pp	27.6%-0.0pp	27.6%+15.5pp	12.1%-8.0pp	20.2%-2.0pp	22.1%
Return on Equity	18.3%+3.1pp	15.2%+1.6pp	13.7%+7.3pp	6.4%-5.0pp	11.4%+2.1pp	9.3%
Return on Assets	12.8%+0.1pp	12.7%+1.7pp	11.0%+6.4pp	4.6%-4.5pp	9.1%+1.9pp	7.1%
Current Ratio	1.92-0.7	2.62+0.6	2.03-1.0	2.99+0.2	2.76+1.0	1.81
Debt-to-Equity	0.43+0.2	0.20-0.0	0.24-0.1	0.38+0.1	0.26-0.0	0.30
FCF Margin	33.6%-4.0pp	37.7%+18.9pp	18.7%-3.6pp	22.3%-8.4pp	30.7%+9.7pp	21.0%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q1'19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.92-0.7	2.62+0.6	2.03-1.0	2.99+0.2	2.76+1.0	1.81-0.9	2.71+0.7	2.05
Debt-to-Equity	0.43+0.2	0.20-0.0	0.24-0.1	0.38+0.1	0.26-0.0	0.30+0.1	0.20+0.0	0.17
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Sprott's annual revenue?

Sprott (SII) reported $285.1M in total revenue for fiscal year 2025. This represents a 59.6% 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 Sprott's revenue growing?

Sprott (SII) revenue grew by 59.6% year-over-year, from $178.7M to $285.1M in fiscal year 2025.

Is Sprott profitable?

Yes, Sprott (SII) reported a net income of $67.3M in fiscal year 2025, with a net profit margin of 23.6%.

What is Sprott's net profit margin?

Sprott (SII) had a net profit margin of 23.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Sprott's return on equity (ROE)?

Sprott (SII) has a return on equity of 18.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Sprott's free cash flow?

Sprott (SII) generated $95.8M in free cash flow during fiscal year 2025. This represents a 42.4% 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 Sprott's operating cash flow?

Sprott (SII) generated $97.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Sprott's total assets?

Sprott (SII) had $525.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Sprott's capital expenditures?

Sprott (SII) invested $1.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Sprott have outstanding?

Sprott (SII) had 26M shares outstanding as of fiscal year 2025.

What is Sprott's current ratio?

Sprott (SII) had a current ratio of 1.92 as of fiscal year 2025, which is generally considered healthy.

What is Sprott's debt-to-equity ratio?

Sprott (SII) had a debt-to-equity ratio of 0.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Sprott's return on assets (ROA)?

Sprott (SII) had a return on assets of 12.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Sprott's Piotroski F-Score?

Sprott (SII) has a Piotroski F-Score of 6 out of 7 computable signals; 2 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 Sprott's earnings high quality?

Sprott (SII) has an earnings quality ratio of 1.45x, 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 Sprott?

Sprott (SII) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), 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.