Sprott Inc. Q2 2026 Earnings Recap

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.