Assets and Liabilities, at Fair Value (Tables)

9 Months Ended

Mar. 31, 2026

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company's assets and liabilities measured at fair value on a recurring basis, aggregated by each fair value hierarchy level (in thousands):


	March 31, 2026
	Quoted Price in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets:
Inventories(1)	$	2,663,898	$	—	$	—	$	2,663,898
Derivative assets — open sale and purchase commitments, net		358,347		—		—		358,347
Derivative assets — futures contracts		41,899		—		—		41,899
Derivative assets — forward contracts		34,552		—		—		34,552
Total assets, valued at fair value	$	3,098,696	$	—	$	—	$	3,098,696
Liabilities:
Liabilities on borrowed metals(2)	$	79,316	$	—	$	—	$	79,316
Product financing arrangements		609,732		—		—		609,732
Derivative liabilities — open sale and purchase commitments, net		12,449		—		—		12,449
Derivative liabilities — margin accounts		11,782		—		—		11,782
Derivative liabilities — futures contracts		11,934		—		—		11,934
Derivative liabilities — forward contracts		11,001		—		—		11,001
Acquisition-related contingent consideration		—		—		1,873		1,873
Total liabilities, valued at fair value	$	736,214	$	—	$	1,873	$	738,087

(1)

Collectible coin inventory totaling $102.7 million was held at lower of cost or net realizable value, and thus is excluded from the inventories balance shown in this table.

(2)

As of March 31, 2026, $837.4 million of liabilities on borrowed metals represent precious metals held in third party storage for the benefit of the customer and are not measured at fair value on a recurring basis.


	June 30, 2025
	Quoted Price in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets:
Inventories(1)	$	1,211,352	$	—	$	—	$	1,211,352
Derivative assets — open sale and purchase commitments, net		129,784		—		—		129,784
Derivative assets — futures contracts		4,326		—		—		4,326
Derivative assets — forward contracts		405		—		—		405
Total assets, valued at fair value	$	1,345,867	$	—	$	—	$	1,345,867
Liabilities:
Liabilities on borrowed metals	$	46,051	$	—	$	—	$	46,051
Product financing arrangements		484,733		—		—		484,733
Derivative liabilities — open sale and purchase commitments, net		15,495		—		—		15,495
Derivative liabilities — margin accounts		4,169		—		—		4,169
Derivative liabilities — futures contracts		109		—		—		109
Derivative liabilities — forward contracts		76,404		—		—		76,404
Acquisition-related contingent consideration		—		—		7,890		7,890
Stock payable liability		1,484		—		—		1,484
Total liabilities, valued at fair value	$	628,445	$	—	$	7,890	$	636,335

(1)

Collectible coin inventory totaling $68.2 million was held at lower of cost or net realizable value, and thus is excluded from the inventories balance shown in this table.