A-Mark Precious Metals, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Customer and Supplier Concentrations

Customer and Supplier Concentrations

3 Months Ended

Sep. 30, 2024

Risks and Uncertainties [Abstract]

Customer and Supplier Concentrations

18. CUSTOMER AND SUPPLIER CONCENTRATIONS

Customer Concentrations

The following customers provided 10 percent or more of the Company's revenues (in thousands):


	Three Months Ended September 30,
	2024					2023
	Amount		Percent			Amount		Percent
Total revenue	$	2,715,096		100.0	%	$	2,484,618		100.0	%
Customer concentrations
HSBC Bank (1)	$	578,783		21.3	%	$	599,048		24.1	%
Morgan Stanley (1)	$	345,058		12.7	%	$	259,161		10.4	%

(1) Sales with this trading partner include sales on forward contracts that are entered into for hedging purposes rather than sales characterized with the physical delivery of precious metal product. This sales activity has been reported within the Wholesale Sales & Ancillary Services segment.

No single customer provided 10 percent or more of the Company's accounts receivable balances as of September 30, 2024.

The following customer accounted for 10 percent or more of the Company's secured loans receivable (in thousands):


	September 30, 2024					June 30, 2024
	Amount		Percent			Amount		Percent
Total secured loans receivable	$	101,887		100.0	%	$	113,067		100.0	%
Customer concentrations
Customer A	$	13,500		13.2	%	$	13,500		11.9	%

Supplier Concentrations

The Company buys precious metals from a variety of sources, including through brokers and dealers, from sovereign and private mints, from refiners and directly from customers. The Company believes that no one supplier or small group of suppliers is critical to its business, since other sources of supply are available that provide similar products on comparable terms.