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

Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

Leases (Tables)

9 Months Ended

Mar. 31, 2025

Components of lease expense were as follows (in thousands):


	Three Months Ended March 31,				Nine Months Ended March 31,
	2025		2024		2025		2024
Operating lease costs	$	982	$	401	$	2,400	$	1,133
Variable lease costs		321		155		670		366
Short term lease costs		47		10		76		63
Finance lease costs		7		—		21		—
	$	1,357	$	566	$	3,167	$	1,562

Schedule of Future Undiscounted Cash Flows for Each of Next Five Years and Thereafter and Reconciliation to Lease Liabilities for Operating Leases

The future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities as of March 31, 2025 for our operating leases were as follows (in thousands):


Fiscal Year ending June 30,	Operating Leases
2025 (remainder)	$	1,457
2026		5,913
2027		4,944
2028		6,026
2029		2,741
Thereafter		5,579
Total lease payments		26,660
Imputed interest		(4,451	)
Total operating lease liability	$	22,209		(1)
Operating lease liability - current	$	4,785		(2)
Operating lease liability - long-term		17,424		(3)
	$	22,209		(1)

(1)

Represents the present value of the operating lease liabilities as of March 31, 2025.

(2)

Current operating lease liabilities are presented within accrued liabilities on our condensed consolidated balance sheets.

(3)

Long-term operating lease liabilities are presented within other liabilities on our condensed consolidated balance sheets.