Description of Business (Tables)
|
12 Months Ended |
Jun. 30, 2026 |
| Spectrum Group International, LLC |
|
| Description Of Business [Line Items] |
|
| Schedule of Business Acquisitions, Purchase Price and Fair values of Assets Acquired and Liabilities Assumed |
The following table summarizes the purchase price recorded and fair values of assets acquired and liabilities assumed through our acquisition of SGI as of the acquisition date (in thousands):
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
$ |
46,000 |
|
|
Common stock |
|
|
|
|
|
43,618 |
|
|
Holdback consideration - common stock |
|
|
|
|
|
1,818 |
|
|
Repayment of debt |
|
|
|
|
|
11,017 |
|
|
Settlement of pre-existing payables |
|
|
|
|
|
419 |
|
|
Noncontrolling interest |
|
|
|
|
|
408 |
|
|
Total purchase price |
|
|
|
|
$ |
103,280 |
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
$ |
11,264 |
|
|
Receivables, net |
|
|
|
|
|
25,164 |
|
|
Inventories |
|
|
|
|
|
102,587 |
|
|
Other current assets |
|
|
|
|
|
4,559 |
|
|
Property, plant, and equipment, net |
|
|
|
|
|
6,108 |
|
|
Operating lease right of use assets |
|
|
|
|
|
12,047 |
|
|
Trade names |
|
|
|
|
|
4,000 |
|
|
In-process research and development |
|
|
|
|
|
1,500 |
|
|
Developed technology |
|
|
|
|
|
1,500 |
|
|
Existing customer relationships |
|
|
|
|
|
12,000 |
|
|
Other long-term assets |
|
|
|
|
|
2,698 |
|
|
Total identifiable assets acquired |
|
|
|
|
|
183,427 |
|
|
Product financing arrangements |
|
|
|
|
|
(52,020 |
) |
|
Accounts payable and other payables |
|
|
|
|
|
(9,789 |
) |
|
Deferred revenue and other advances |
|
|
|
|
|
(9,381 |
) |
|
Accrued liabilities |
|
|
|
|
|
(9,935 |
) |
|
Operating lease liability |
|
|
|
|
|
(12,347 |
) |
|
Other liabilities |
|
|
|
|
|
(513 |
) |
|
Net identifiable assets acquired |
|
|
|
|
|
89,442 |
|
|
Goodwill |
|
|
|
|
|
13,838 |
|
|
Total purchase price |
|
|
|
|
$ |
103,280 |
|
|
|
| Summary of Pro forma Consolidated Results of Operations |
The following unaudited pro forma consolidated results of operations for the years ended June 30, 2025 and 2024 assumes that the acquisition of SGI occurred as of July 1, 2023 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, |
|
|
|
|
2025 |
|
|
2024 |
|
Revenues |
|
|
$ |
11,189,932 |
|
|
$ |
10,010,311 |
|
Net income |
|
|
$ |
14,133 |
|
|
$ |
65,372 |
|
|
| Pinehurst |
|
| Description Of Business [Line Items] |
|
| Schedule of Business Acquisitions, Purchase Price and Fair values of Assets Acquired and Liabilities Assumed |
The following table summarizes the purchase price recorded and fair values of assets acquired and liabilities assumed through our acquisition of Pinehurst as of the acquisition date (in thousands):
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
$ |
6,500 |
|
|
Pre-existing equity method investment |
|
|
|
|
|
6,933 |
|
|
Repayment of debt |
|
|
|
|
|
16,903 |
|
|
Contingent consideration |
|
|
|
|
|
700 |
|
|
Settlement of pre-existing receivables |
|
|
|
|
|
(4,325 |
) |
|
Total purchase price |
|
|
|
|
$ |
26,711 |
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
$ |
4,334 |
|
|
Receivables, net |
|
|
|
|
|
4,481 |
|
|
Inventories |
|
|
|
|
|
17,767 |
|
|
Other current assets |
|
|
|
|
|
1,962 |
|
|
Property, plant, and equipment, net |
|
|
|
|
|
763 |
|
|
Operating lease right of use asset |
|
|
|
|
|
1,734 |
|
|
Trade names |
|
|
|
|
|
1,000 |
|
|
Existing customer relationships |
|
|
|
|
|
1,000 |
|
|
Total identifiable assets acquired |
|
|
|
|
|
33,041 |
|
|
Accounts payable and other payables |
|
|
|
|
|
(2,380 |
) |
|
Deferred revenue and other advances |
|
|
|
|
|
(1,655 |
) |
|
Accrued liabilities |
|
|
|
|
|
(210 |
) |
|
Operating lease liability |
|
|
|
|
|
(1,734 |
) |
|
Other liabilities |
|
|
|
|
|
(3,104 |
) |
|
Net identifiable assets acquired |
|
|
|
|
|
23,958 |
|
|
Goodwill |
|
|
|
|
|
2,753 |
|
|
Total purchase price |
|
|
|
|
$ |
26,711 |
|
|
|
| Summary of Pro forma Consolidated Results of Operations |
The following unaudited pro forma consolidated results of operations for the years ended June 30, 2025 and 2024 assumes that the acquisition of Pinehurst occurred as of July 1, 2023 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, |
|
|
|
|
2025 |
|
|
2024 |
|
Revenues |
|
|
$ |
11,003,825 |
|
|
$ |
9,739,962 |
|
Net income |
|
|
$ |
17,552 |
|
|
$ |
66,048 |
|
|
| Sunshine Minting, Inc. |
|
| Description Of Business [Line Items] |
|
| Schedule of Business Acquisitions, Purchase Price and Fair values of Assets Acquired and Liabilities Assumed |
The following table summarizes the purchase price recorded and fair values of assets acquired and liabilities assumed through our acquisition of SMI as of the acquisition date (in thousands):
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
$ |
22,000 |
|
|
Pre-existing equity method investment |
|
|
|
|
|
17,927 |
|
|
Noncontrolling interest |
|
|
|
|
|
3,224 |
|
|
Total purchase price |
|
|
|
|
$ |
43,151 |
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
$ |
2,096 |
|
|
Receivables, net |
|
|
|
|
|
4,393 |
|
|
Inventories |
|
|
|
|
|
12,769 |
|
|
Other current assets |
|
|
|
|
|
1,043 |
|
|
Property, plant, and equipment, net |
|
|
|
|
|
23,351 |
|
|
Operating lease right of use assets |
|
|
|
|
|
7,845 |
|
|
Assets held for sale |
|
|
|
|
|
6,360 |
|
|
Trade names |
|
|
|
|
|
1,000 |
|
|
Existing customer relationships |
|
|
|
|
|
2,400 |
|
|
Proprietary knowhow |
|
|
|
|
|
2,200 |
|
|
Other assets |
|
|
|
|
|
460 |
|
|
Total identifiable assets acquired |
|
|
|
|
|
63,917 |
|
|
Accounts payable and other payables |
|
|
|
|
|
(1,552 |
) |
|
Accrued liabilities |
|
|
|
|
|
(11,417 |
) |
|
Deferred tax liabilities |
|
|
|
|
|
(4,221 |
) |
|
Operating lease liabilities |
|
|
|
|
|
(7,226 |
) |
|
Other liabilities |
|
|
|
|
|
(2,309 |
) |
|
Net identifiable assets acquired |
|
|
|
|
|
37,192 |
|
|
Goodwill |
|
|
|
|
|
5,959 |
|
|
Total purchase price |
|
|
|
|
$ |
43,151 |
|
|
|
| Summary of Pro forma Consolidated Results of Operations |
The following unaudited pro forma consolidated results of operations for the year ended June 30, 2026 and 2025 assumes that the acquisition of SMI occurred as of July 1, 2024 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
Revenues |
|
$ |
25,508,072 |
|
|
$ |
10,973,190 |
|
Net income |
|
$ |
76,004 |
|
|
$ |
17,935 |
|
|
| AMS Holding, LLC |
|
| Description Of Business [Line Items] |
|
| Schedule of Business Acquisitions, Purchase Price and Fair values of Assets Acquired and Liabilities Assumed |
The following table summarizes the purchase price recorded and fair values of assets acquired and liabilities assumed through our acquisition of AMS as of the acquisition date (in thousands):
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
$ |
50,958 |
|
|
Pre-existing equity method investment |
|
|
|
|
|
6,318 |
|
|
Contingent consideration |
|
|
|
|
|
5,900 |
|
|
Settlement of pre-existing liabilities |
|
|
|
|
|
13,911 |
|
|
Total purchase price |
|
|
|
|
$ |
77,087 |
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
$ |
1,172 |
|
|
Receivables, net |
|
|
|
|
|
10,755 |
|
|
Inventories |
|
|
|
|
|
28,708 |
|
|
Other current assets |
|
|
|
|
|
1,602 |
|
|
Property, plant, and equipment, net |
|
|
|
|
|
12,306 |
|
|
Operating lease right of use asset |
|
|
|
|
|
511 |
|
|
Trade names |
|
|
|
|
|
5,000 |
|
|
Existing customer relationships |
|
|
|
|
|
28,000 |
|
|
Other assets |
|
|
|
|
|
135 |
|
|
Total identifiable assets acquired |
|
|
|
|
|
88,189 |
|
|
Accounts payable and other payables |
|
|
|
|
|
(3,962 |
) |
|
Deferred revenue and other advances |
|
|
|
|
|
(2,426 |
) |
|
Accrued liabilities |
|
|
|
|
|
(6,680 |
) |
|
Operating lease liability |
|
|
|
|
|
(514 |
) |
|
Other liabilities |
|
|
|
|
|
(9,642 |
) |
|
Net identifiable assets acquired |
|
|
|
|
|
64,965 |
|
|
Goodwill |
|
|
|
|
|
12,122 |
|
|
Total purchase price |
|
|
|
|
$ |
77,087 |
|
|
|
| Summary of Pro forma Consolidated Results of Operations |
The following unaudited pro forma consolidated results of operations for the years ended June 30, 2025 and 2024 assumes that the acquisition of AMS occurred as of July 1, 2023 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, |
|
|
|
|
2025 |
|
|
2024 |
|
Revenues |
|
|
$ |
11,092,466 |
|
|
$ |
9,885,444 |
|
Net (loss) income |
|
|
$ |
(2,393 |
) |
|
$ |
56,910 |
|
|
| Monex Acquisition |
|
| Description Of Business [Line Items] |
|
| Schedule of Business Acquisitions, Purchase Price and Fair values of Assets Acquired and Liabilities Assumed |
The following table summarizes the purchase price recorded and fair values of assets acquired and liabilities assumed through our acquisition of Monex as of the acquisition date (in thousands):
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
$ |
19,000 |
|
|
Contingent consideration |
|
|
|
|
|
5,200 |
|
|
Common stock |
|
|
|
|
|
19,208 |
|
|
Settlement of pre-existing payables due to the Company |
|
|
|
|
|
6,500 |
|
|
Total purchase price |
|
|
|
|
$ |
49,908 |
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
$ |
3,831 |
|
|
Receivables, net |
|
|
|
|
|
25,371 |
|
|
Derivative assets |
|
|
|
|
|
2,003 |
|
|
Inventories: |
|
|
|
|
|
|
|
Inventories |
|
|
|
|
|
108,147 |
|
|
Restricted inventories |
|
|
|
|
|
801,021 |
|
|
|
|
|
|
|
|
909,168 |
|
|
Other current assets |
|
|
|
|
|
88 |
|
|
Property, plant, and equipment, net |
|
|
|
|
|
39 |
|
|
Operating lease right of use assets |
|
|
|
|
|
2,534 |
|
|
Trade names |
|
|
|
|
|
5,800 |
|
|
Developed technology |
|
|
|
|
|
2,300 |
|
|
Existing customer relationships |
|
|
|
|
|
18,000 |
|
|
Other long-term assets |
|
|
|
|
|
126 |
|
|
Total identifiable assets acquired |
|
|
|
|
|
969,260 |
|
|
Liabilities on borrowed metals |
|
|
|
|
|
(801,021 |
) |
|
Accounts payable and other payables |
|
|
|
|
|
(1,896 |
) |
|
Deferred revenue and other advances |
|
|
|
|
|
(129,216 |
) |
|
Accrued liabilities |
|
|
|
|
|
(920 |
) |
|
Operating lease liability |
|
|
|
|
|
(2,534 |
) |
|
Net identifiable assets acquired |
|
|
|
|
|
33,673 |
|
|
Goodwill |
|
|
|
|
|
16,235 |
|
|
Total purchase price |
|
|
|
|
$ |
49,908 |
|
|
|