v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 2,185 $ (971)
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 9,074 7,583
Amortization of loan cost 376 1,635
Share-based compensation 552 375
Losses (earnings) from equity method investments (482) 908
Other 1,378 (1,796)
Changes in assets and liabilities:    
Receivables, net (4,223) (148,477)
Derivative assets 26,640 (255,659)
Income tax receivable (4,013) 3
Inventories (75,844) 56,451
Prepaid expenses and other assets (128) (2,118)
Account payable and other payables 105,726 57,772
Deferred revenue and other advances (including amounts from related parties of $689,231 and $0 during the three months ended September 30, 2026 and 2025, respectively) (700,475) 352,717
Derivative liabilities (16,063) 117,676
Liabilities on borrowed metals 17,722 12,598
Accrued liabilities (1,009) (3,280)
Net cash (used in) provided by operating activities (638,584) 195,417
Cash flows from investing activities:    
Capital expenditures for property, plant, and equipment (4,488) (1,974)
Purchase of long-term investments (1,632) 0
Purchase of intangible assets (4,099) 0
Secured loans receivable, net 7,713 (9,590)
Other (1,311) 155
Net cash used in investing activities (3,817) (11,409)
Cash flows from financing activities:    
Product financing arrangements, net 225,651 (107,705)
Dividends paid (35,077) (4,984)
Borrowings under lines of credit 549,000 371,000
Repayments under lines of credit (549,000) (426,000)
Proceeds from notes payable to related party 0 200
Debt funding issuance costs (875) (2,641)
Proceeds from the exercise of share-based awards 1,314 6
Payments for tax withholding related to net settlement of share-based awards (89) 0
Other 320 (2,404)
Net cash provided by (used in) financing activities 191,244 (172,528)
Net (decrease) increase in cash (451,157) 11,480
Cash, beginning of period 577,976 77,741
Cash, end of period 126,819 89,221
Supplemental disclosures of cash flow information:    
Interest paid 10,939 10,594
Non-cash investing and financing activities:    
Property, plant, and equipment acquired on account 971 (464)
Fair value of shares exchanged for increase in long-term investment 548 0
Addition of right of use assets under lease obligations $ 5,686 $ 0