v3.26.1
Customer and Supplier Concentrations
 12 Months Ended
Jun. 30, 2026
Risks and Uncertainties [Abstract]  
Customer and Supplier Concentrations

18. CUSTOMER AND SUPPLIER CONCENTRATIONS

Customer Concentrations

The following customers provided 10 percent or more of the Company's revenues (in thousands):

 

 

 

 

Year Ended June 30,

 

 

 

 

 

2026

 

 

2025

 

 

2024

 

 

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

Total revenue

 

 

$

25,513,409

 

 

 

100.0

%

 

$

10,978,614

 

 

 

100.0

%

 

$

9,699,039

 

 

 

100.0

%

 

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deutsche Bank (1)

 

 

 

5,652,368

 

 

 

22.2

%

 

 

746,586

 

 

 

6.8

%

 

$

—

 

 

 

0.0

%

 

 

(1)
Sales with this trading partner include sales on forward contracts that are entered into for hedging purposes rather than sales characterized with the physical delivery of precious metal product. This sales activity has been reported within the Wholesale Sales & Ancillary Services segment.

No single customer provided 10 percent or more of the Company's accounts receivable balances as of June 30, 2026.

The following customer accounted for 10 percent or more of the Company's secured loans balances (in thousands):

 

 

June 30, 2026

 

 

June 30, 2025

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

Total secured loans receivable

 

$

115,128

 

 

 

100.0

%

 

$

94,037

 

 

 

100.0

%

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

Customer A

 

$

13,725

 

 

 

11.9

%

 

$

5,175

 

 

 

5.5

%

Supplier Concentrations

The Company buys precious metals from a variety of sources, including through brokers and dealers, from sovereign and private mints, from refiners and directly from customers. The Company believes that no one supplier or small group of suppliers is critical to its business, since other sources of supply are available that provide similar products on comparable terms.