v3.26.3
Customer and Supplier Concentrations
 3 Months Ended
Sep. 30, 2026
Risks and Uncertainties [Abstract]  
Customer and Supplier Concentrations

18. CUSTOMER AND SUPPLIER CONCENTRATIONS

Customer Concentrations

The following Wholesale Sales & Ancillary Services customer provided 10 percent or more of the Company's revenues (in thousands):

 

 

 

 

Three Months Ended September 30,

 

 

 

 

2026

 

 

2025

 

 

 

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

 

 

Total revenue

 

 

$

3,265,269

 

 

 

100.0

%

 

$

3,680,766

 

 

 

100.0

%

 

 

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tether

 

 

 

827,066

 

 

 

25.3

%

 

 

—

 

 

 

0.0

%

 

 

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

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

 

 

September 30, 2026

 

 

June 30, 2026

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

Total secured loans receivable

 

$

107,415

 

 

 

100.0

%

 

$

115,128

 

 

 

100.0

%

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

Customer A

 

$

13,725

 

 

 

12.8

%

 

$

13,725

 

 

 

11.9

%

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.