A-Mark Precious Metals, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Customer and Supplier Concentrations

Customer and Supplier Concentrations

9 Months Ended

Mar. 31, 2025

Risks and Uncertainties [Abstract]

Customer and Supplier Concentrations

18. CUSTOMER AND SUPPLIER CONCENTRATIONS

Customer Concentrations

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


	Three Months Ended March 31,										Nine Months Ended March 31,
	2025					2024					2025					2024
	Amount		Percent			Amount		Percent			Amount		Percent			Amount		Percent
Total revenue	$	3,009,125		100.0	%	$	2,610,651		100.0	%	$	8,466,566		100.0	%	$	7,174,084		100.0	%
Customer concentrations
HSBC Bank (1)	$	763,247		25.4	%	$	572,054		21.9	%	$	1,764,689		20.8	%	$	1,628,466		22.7	%

(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.

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


	March 31, 2025					June 30, 2024
	Amount		Percent			Amount		Percent
Total accounts receivable	$	124,891		100.0	%	$	36,596		100.0	%
Customer concentrations
Customer A	$	18,040		14.4	%	$	—		—	%

No single customer provided 10 percent or more of the Company's secured loans receivable balances as of March 31, 2025.

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.