Sprott Inc. Earnings Recaps
Q2 2026
Aug 7, 2026
The 6.9% stock gain reflects investor relief that net inflows into critical materials ETFs and strong execution on new launches helped offset a sharper-than-expected pullback in precious metals-related assets and AUM declines.
Key takeaways
- Total AUM declined to $55.6 billion, down 15% from the prior quarter, primarily driven by a 16% drop in AUM in precious metals physical trusts amid significant commodity volatility.
- Despite the AUM drop, average AUM for the quarter was $63.9 billion, up 70% year-over-year, supported by net inflows and prior market appreciation.
- Net income rose to $34.3 million for the quarter, up from $13.5 million a year ago, aided by higher average AUM and carried interest crystallization in private strategies.
- Critical materials ETFs showed resilience, generating net inflows and positive sales, with copper and uranium markets supporting investor interest.
- The company continued share repurchases, maintaining a strong cash and liquidity position despite market headwinds.
Q3 2025
Nov 5, 2025
Sprott Inc. reported strong Q3 results with assets under management (AUM) surpassing $49 billion, fueled by rising precious metals prices and notable inflows, alongside a dividend increase of 33%.
Key takeaways
- Q3 AUM grew by $9 billion, marking a 56% increase year-over-year and surpassing $51 billion post-quarter.
- Adjusted EBITDA rose 54% year-over-year to $31.9 million, driven by higher average AUM and market value appreciation.
- Sprott declared a quarterly dividend of $0.40 per share, reflecting strong operational performance and a commitment to returning capital to shareholders.
- The company's ETF business has seen substantial growth, with total assets reaching over $4.4 billion from a previous $400 million.
- A strong management reshuffle positions Sprott for future growth, naming Ryan McIntyre as President and co-COOs Kevin Hibbert and Arthur Einav.