A-Mark Precious Metals, Inc. (AMRK) Q4 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Gold.com, Inc..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.695 Thank you, Greg, and good afternoon to everybody. 00:00:03.695 -- 00:00:09.080 Our revenues for Q4 fiscal 25 decreased 1 percent 00:00:09.080 -- 00:00:10.742 to 2.51 00:00:10.742 -- 00:00:14.325 billion from 2.52 billion in Q4 of last year. 00:00:14.325 -- 00:00:15.746 Excluding 00:00:15.746 -- 00:00:17.248 a decrease 00:00:17.248 -- 00:00:22.353 of 94 million of forward sales, revenues increased 81 million, 00:00:22.353 -- 00:00:27.531 or 5 percent, which was due to higher average selling prices of gold and silver offset 00:00:27.531 -- 00:00:31.978 by a decrease in gold and silver ounces sold. 00:00:31.978 -- 00:00:37.263 For the full year, our revenues increased 1.3% to $10.98 00:00:38.388 -- 00:00:42.174 billion from $9.7 billion in the prior fiscal year. 00:00:42.174 -- 00:00:47.342 Excluding an increase of $446 million of forward sales, our revenues 00:00:47.342 -- 00:00:49.224 increased $832.9 00:00:49.224 -- 00:00:51.087 million, or 15%, 00:00:51.087 -- 00:00:55.566 which was due to higher average selling prices of gold and silver partially offset by 00:00:55.566 -- 00:00:58.810 a decrease in gold and silver ounces sold. 00:00:58.810 -- 00:01:04.156 Revenue has also increased due to the acquisition of a controlling interest in Silver 00:01:04.156 -- 00:01:09.582 Gold Bull, which we'll refer to as SGB, in June of 2024, and the acquisitions 00:01:09.582 -- 00:01:14.588 of Spectrum Group International, which we'll refer to as SGI, and Pinehurst Coin 00:01:14.588 -- 00:01:19.874 Exchange, which we'll continuously refer to as Pinehurst, in February of 2025, 00:01:19.874 -- 00:01:26.464 and finally, AMS Holdings, which we'll refer to as AMS in April of 25. 00:01:26.547 -- 00:01:28.591 Gross profit 00:01:28.591 -- 00:01:32.557 for...