A-Mark Precious Metals Reports Q1 2026 Results and Monex Acquisition

A-Mark Precious Metals Inc ( (AMRK) ) has released its Q1 earnings. Here is a breakdown of the information A-Mark Precious Metals Inc presented to its investors.

A-Mark Precious Metals, Inc. is a fully integrated precious metals platform that operates across wholesale, direct-to-consumer, and secured lending segments, offering a wide range of bullion, numismatic coins, and related products globally. In its fiscal first quarter of 2026, A-Mark Precious Metals reported a significant increase in revenue, reaching $3.68 billion, a 36% rise compared to the same quarter last year. However, the company faced a net loss of $0.9 million, a stark contrast to the $9.0 million net income reported in the previous year. This quarter was marked by the announcement of a definitive agreement to acquire Monex Precious Metals, a leading direct-to-consumer precious metals dealer in the U.S., for $33 million. This acquisition is expected to enhance A-Mark’s direct-to-consumer presence and operational synergies. Despite the revenue growth, A-Mark’s gross profit margin saw a decline from the previous quarter, and the company experienced a decrease in net income due to increased selling, general, and administrative expenses, as well as higher interest expenses. Looking ahead, A-Mark’s management remains optimistic about the company’s position in the market, emphasizing the potential benefits of the Monex acquisition and the company’s fully integrated platform to navigate future market conditions.