v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:      
Net income $ 88,615 $ 15,844 $ 69,033
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation and amortization 34,752 22,920 11,397
Amortization of loan cost 4,267 4,092 2,447
Share-based compensation 2,407 1,594 1,923
Remeasurement (gain) loss on pre-existing equity interests (4,136) 5,143 (16,669)
Losses (earnings) from equity method investments (4,391) 2,825 (4,044)
Other 181 (3,960) (2,214)
Changes in assets and liabilities:      
Receivables, net (32,126) (57,604) 16,754
Secured loans made to affiliates 0 16 56
Derivative assets (181,458) (18,992) (36,243)
Income tax receivable 2,427 (606) 0
Precious metals held under financing arrangements 0 0 3,464
Inventories (158,855) (22,072) (52,758)
Prepaid expenses and other assets (923) (3,386) (1,168)
Account payable and other payables 5,661 (17,354) (16,285)
Deferred revenue and other advances (including amounts from related parties of $1,453,942, $0, and $0 during the years ended June 30, 2026 2025, and 2024, respectively) 1,583,854 150,156 65,180
Derivative liabilities (56,259) 69,109 18,265
Liabilities on borrowed metals (71,011) 14,058 9,878
Accrued liabilities 9,779 (9,436) (7,097)
Income tax payable 0 0 (985)
Net cash provided by operating activities 1,222,784 152,347 60,934
Cash flows from investing activities:      
Capital expenditures for property, plant, and equipment (12,708) (10,678) (7,256)
Acquisition of businesses, net of cash acquired (35,074) (114,609) (31,871)
Purchase of long-term investments (6,400) 0 (2,113)
Purchase of stablecoin (20,000) 0 0
Purchase of intangible assets (1,720) 0 (8,515)
Secured loans receivable, net (21,081) 19,035 (12,489)
Purchase of marketable securities 0 (2,549) 0
Proceeds from sale of marketable securities 0 4,213 0
Other 6,905 (77) (1,353)
Net cash used in investing activities (90,078) (104,665) (63,597)
Cash flows from financing activities:      
Product financing arrangements, net (395,484) (85,031) 157,541
Dividends paid (22,504) (18,804) (41,845)
Borrowings under lines of credit 3,472,500 1,960,000 1,893,000
Repayments under lines of credit (3,817,500) (1,860,000) (1,883,000)
Repayment of notes 0 (197) (95,000)
Proceeds from notes payable to related party 0 0 3,448
Repayments on notes payable to related party 0 (8,367) 0
Net proceeds from the issuance of common stock 140,038 0 0
Debt funding issuance costs (2,641) (4,186) (3,323)
Proceeds from the exercise of share-based awards 3,712 3,305 1,962
Payments for tax withholding related to net settlement of share-based awards (785) (177) (546)
Other (9,807) 0 2,051
Net cash used in financing activities (632,471) (18,577) 11,981
Net increase in cash 500,235 29,105 9,318
Cash, beginning of period 77,741 48,636 39,318
Cash, end of period 577,976 77,741 48,636
Supplemental disclosures of cash flow information:      
Interest paid 50,958 42,608 34,244
Non-cash investing and financing activities:      
Property, plant, and equipment acquired on account 388 39 0
Common stock issued for acquisitions 19,208 43,618 3,514
Loss on reissuance of treasury stock 0 1,256 367
Addition of right of use assets under lease obligations 4,342 2,160 5,773
Contingent consideration payable for acquisition of business 5,200 6,600 2,800
Nonrelated Party      
Cash flows from financing activities:      
Repurchases of common stock 0 (901) (22,307)
Related Party      
Cash flows from financing activities:      
Repurchases of common stock $ 0 $ (4,219) $ 0