Quarterly report [Sections 13 or 15(d)]

Secured Loans Receivable (Tables)

v3.25.3
Secured Loans Receivable (Tables)
3 Months Ended
Sep. 30, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Schedule of Receivables, net

Receivables, net consisted of the following (in thousands):

 

 

 

September 30, 2025

 

 

June 30, 2025

 

Customer trade receivables

 

$

150,913

 

 

$

88,135

 

Wholesale trade advances

 

 

22,422

 

 

 

25,008

 

Due from brokers and other

 

 

109,805

 

 

 

24,580

 

 

 

$

283,140

 

 

$

137,723

 

Schedule of Classes for Financing Receivables

The Company's secured loans by portfolio class, which align with internal management reporting, were as follows (in thousands):

 

 

September 30, 2025

 

 

June 30, 2025

 

Bullion

 

$

62,590

 

 

 

60.4

%

 

$

54,843

 

 

 

58.3

%

Numismatic and semi-numismatic

 

 

32,946

 

 

 

31.8

%

 

 

32,439

 

 

 

34.5

%

Graded sports cards

 

 

8,097

 

 

 

7.8

%

 

 

6,755

 

 

 

7.2

%

 

$

103,633

 

 

 

100.0

%

 

$

94,037

 

 

 

100.0

%

Schedule of Financing Receivable Credit Quality Indicators Below is summary of aggregate outstanding secured loan balances bifurcated into (i) loans with an LTV ratio of less than 75% and (ii) loans with an LTV ratio of 75% or more (in thousands):

 

 

 

September 30, 2025

 

 

June 30, 2025

 

Loan-to-value of less than 75%

 

$

97,103

 

 

 

93.7

%

 

$

82,936

 

 

 

88.2

%

Loan-to-value of 75% or more

 

 

6,530

 

 

 

6.3

%

 

 

11,101

 

 

 

11.8

%

 

$

103,633

 

 

 

100.0

%

 

$

94,037

 

 

 

100.0

%

Financing Receivable  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Schedule of Receivables, net

Below is a summary of the carrying value of our secured loans (in thousands):

 

 

September 30, 2025

 

 

June 30, 2025

 

Secured loans originated

 

$

94,911

 

 

$

83,360

 

Secured loans acquired

 

 

8,722

 

 

 

10,677

 

 

$

103,633

 

 

$

94,037