The earnings call highlighted strong gross profit growth, successful strategic acquisitions, and expansion into Asia, which are significant positives. However, these are tempered by declines in gold and silver sales, increased SG&A expenses, and a decrease in new customers, indicating operational challenges. The sentiment is mixed, with notable achievements offset by significant challenges.

Company Guidance

During the fiscal fourth quarter and full year 2025, A-Mark Precious Metals reported strong financial results and significant progress in strategic initiatives. For the fiscal year, the company achieved $17.3 million in net income with non-GAAP adjusted net income before tax provisions at $53.1 million, non-GAAP EBITDA at $64.4 million, and diluted earnings per share (EPS) of $0.71. The fourth quarter alone saw $10.3 million in net income, $19.2 million in non-GAAP adjusted net income, $29.2 million in non-GAAP EBITDA, and a $0.41 diluted EPS. Compared to the previous quarter, the fourth quarter demonstrated a 99% increase in gross profit, a 233% rise in non-GAAP adjusted net income, and a 2,167% surge in non-GAAP EBITDA, reflecting the positive impact of strategic acquisitions, including Spectrum Group International, AMS Holdings, and Pinehurst Coin Exchange. Revenue for Q4 fiscal '25 slightly decreased by 1% to $2.51 billion, though adjusted for forward sales, this reflects a 5% increase due to higher average selling prices and strategic acquisitions. For the full year, revenue rose by 1.3% to $10.98 billion, with a 15% increase after adjusting for forward sales. Gross profit for Q4 fiscal '25 surged by 90% to $81.7 million, primarily driven by acquisitions, and for the full year, gross profit increased by 22% to $210.9 million. The company also highlighted progress in its expansion into Asia, with LPM operational in Singapore, enhancing its reach into the Southeast Asian market.

Increased Gross Profit

Gross profit for Q4 fiscal '25 increased 90% to $81.7 million or 3.25% of revenue from $43.0 million or 1.7% of revenue in Q4 of last year. For the full fiscal year, gross profit increased 22% to $210.9 million or 1.92% of revenue.

Successful Strategic Acquisitions

A-Mark completed acquisitions of Spectrum Group International, AMS Holdings, Pinehurst Coin Exchange, and a controlling interest in Silver Gold Bull, leading to increased gross profit and expanded reach into higher-margin collectible and luxury segments.

Expansion in Asia

Significant progress in expansion into Asia with LPM now fully operational in Singapore across both wholesale and e-commerce channels, broadening reach into the Southeast Asian market.

Record Rare Coin Auction

Stack's Bowers conducted its largest sale in history, a $62 million sale over 9 days, with over 14,000 lots sold, demonstrating strong performance in the rare coin market.

Increased Cash Position

At fiscal year-end, A-Mark had $77.7 million of cash compared to $48.6 million at the end of the fiscal '24, indicating improved liquidity.

A-Mark Precious Metals (AMRK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AMRK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2026 (Q1)	0.60 / -	0.37	―	―	―
Sep 09, 2025	2025 (Q4)	0.53 / 0.41	1.2	-65.83% (-0.79)	―
May 07, 2025	2025 (Q3)	0.55 / -0.36	0.21	-271.43% (-0.57)	―
Feb 06, 2025	2025 (Q2)	0.64 / 0.27	0.903	-70.10% (-0.63)	―
Nov 06, 2024	2025 (Q1)	0.87 / 0.37	1.092	-66.12% (-0.72)	―
Aug 29, 2024	2024 (Q4)	0.77 / 1.20	2.397	-49.94% (-1.20)	―
May 07, 2024	2024 (Q3)	0.77 / 0.21	1.994	-89.47% (-1.78)	―
Feb 06, 2024	2024 (Q2)	1.02 / 0.90	1.879	-51.94% (-0.98)	―
Nov 07, 2023	2024 (Q1)	1.38 / 1.09	2.482	-56.00% (-1.39)	―
Aug 31, 2023	2023 (Q4)	1.76 / 2.40	2.066	16.02% (+0.33)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AMRK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 09, 2025	$24.45	―	―
May 07, 2025	$23.67	$20.53	-13.27%
Feb 06, 2025	$27.80	$28.08	+1.01%
Nov 06, 2024	$36.70	$30.81	-16.05%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does A-Mark Precious Metals (AMRK) report earnings?

A-Mark Precious Metals (AMRK) is schdueled to report earning on Nov 11, 2025, TBA (Confirmed).

What is A-Mark Precious Metals (AMRK) earnings time?

A-Mark Precious Metals (AMRK) earnings time is at Nov 11, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is AMRK EPS forecast?

AMRK EPS forecast for the fiscal quarter 2026 (Q1) is 0.6.

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