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SII

Sprott Inc.

SII

Sprott Inc. • NYSE
$91.59 ▲ 1.52% (+1.37)
Market Cap $2.36 B
52w High $94.83
52w Low $39.33
Dividend Yield 1.60%
P/E 46.73
Volume 97.87K
Outstanding Shares 25.79M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $57.866M ▼ $5.12M ▼ $13.159M ▼ 22.74% ▲ $0.5 ▼ $18.176M ▼
Q2-2025 $62.191M ▲ $5.462M ▲ $13.501M ▲ 21.709% ▼ $0.53 ▲ $19.783M ▲
Q1-2025 $41.677M ▲ $4.668M ▼ $11.957M ▲ 28.69% ▼ $0.46 $16.573M ▼
Q4-2024 $37.303M ▼ $5.549M ▲ $11.68M ▼ 31.311% ▲ $0.46 ▼ $17.706M ▼
Q3-2024 $45.15M $5.114M $12.697M 28.122% $0.5 $19.83M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $80.344M ▲ $466.169M ▲ $121.441M ▲ $344.728M ▼
Q2-2025 $75.38M ▲ $439.429M ▲ $93.955M ▲ $345.474M ▲
Q1-2025 $56.109M ▲ $386.131M ▼ $59.986M ▼ $326.145M ▲
Q4-2024 $47.059M ▲ $388.798M ▼ $65.15M ▼ $323.648M ▼
Q3-2024 $45.316M $412.477M $82.198M $330.279M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $13.013M ▼ $9.77M ▼ $5.026M ▲ $-8.909M ▼ $5.624M ▼ $9.363M ▼
Q2-2025 $13.723M ▲ $22.114M ▲ $1.225M ▼ $-8.137M ▼ $17.662M ▲ $21.584M ▲
Q1-2025 $11.957M ▲ $14.137M ▼ $4.373M ▼ $-8.1M ▲ $9.034M ▲ $13.545M ▼
Q4-2024 $11.68M ▼ $26.91M ▲ $19.509M ▲ $-34.308M ▼ $3.286M ▼ $26.5M ▲
Q3-2024 $12.697M $21.21M $9.675M $-17.548M $13.822M $20.868M

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have generally trended upward over the last five years, though with some ups and downs along the way. The business appears to be growing at a measured pace rather than rapidly. Profitability has held up reasonably well, with operating earnings staying fairly steady even when revenue wobbled. Net income and earnings per share have been a bit more volatile, which is typical for an asset manager exposed to commodity and market cycles. Overall, the income statement shows a solid, profitable franchise with cyclical swings rather than a straight growth story.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative and stable. Total assets have stayed in a narrow range, suggesting the business is not highly capital-intensive. Equity has gradually increased, which points to retained earnings building over time. Debt levels rose mid-period and then were brought back down, which reduces financial risk. Cash on hand dipped at one point but has since recovered to healthier levels, giving the company more flexibility. In simple terms, the balance sheet supports the idea of a moderately leveraged, financially sound asset manager.

Cash Flow

Cash Flow Cash generation from the core business has improved in recent years, with operating cash flow moving higher after a softer stretch. Free cash flow broadly tracks operating cash flow, because the company spends very little on fixed assets. This is typical for an asset-light, fee-based business. The pattern suggests that cash conversion is generally good: profits are not just on paper but tend to turn into cash. The main risk is less about heavy investment needs and more about how sensitive cash inflows are to market conditions and investor flows.

Competitive Edge

Competitive Edge Sprott holds a distinctive niche in precious metals and critical materials investing, an area where many generalist asset managers have less depth. Its brand is well known among investors who focus on gold, uranium, and mining-related themes, and its long history in this space helps build trust. The firm offers a broad platform: physical bullion trusts, a flagship uranium vehicle, specialist ETFs, and private lending and royalty strategies. This ecosystem, combined with longstanding relationships across the mining industry, provides a meaningful competitive edge. The flip side is concentration risk: its fortunes are closely tied to a relatively narrow set of sectors and to investor appetite for commodity exposure, where competition from larger firms and passive products is always present.

Innovation and R&D

Innovation and R&D Innovation here is mostly about product design rather than traditional research and development. Sprott has been early in creating listed vehicles that give investors direct or near-direct exposure to physical metals and uranium, often with features such as physical redemption or daily transparency that differentiate them from typical ETFs. The company has also backed ideas like blockchain-based traceability for responsibly sourced gold, which may matter more over time as sustainability and provenance become bigger concerns. More recently, Sprott has leaned into energy transition and critical materials themes with new ETFs and active strategies. Overall, the firm appears forward-looking within its niche, updating its product set to match emerging commodity and technology trends rather than relying on legacy offerings alone.

Summary

Sprott Inc. comes across as a focused, profitable specialist in precious metals and critical materials asset management. Its financials show steady, if lumpy, growth and solid profitability, backed by a relatively clean balance sheet and improving cash generation. The company’s strength lies in its specialization, brand, and differentiated product lineup, particularly in physical bullion and uranium, as well as its deep ties to the mining industry. At the same time, its dependence on cyclical commodity markets and niche investor demand introduces volatility and concentration risk. The ongoing push into energy transition materials and innovative product structures suggests a business trying to stay ahead of changing investor interests within its chosen domain, rather than broadening into more generic asset management.

NEWS

November 28, 2025 · 5:28 PM UTC

Eric Sprott Announces Changes to His Holdings of Gold Terra Resource Corp.

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November 20, 2025 · 6:00 PM UTC

Eric Sprott Announces Changes to His Holdings in Americas Gold and Silver Corporation

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November 13, 2025 · 5:35 PM UTC

Eric Sprott Announces Additional Securities of New Found Gold Corp. Acquired in Exchange for Securities of Maritime Resources Corp. Pursuant to the Plan of Arrangement

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November 12, 2025 · 7:27 PM UTC

Eric Sprott Announces Holdings in Maritime Resources Corp.

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November 12, 2025 · 7:00 AM UTC

Gold Terra Announces C$6.3 Million Private Placement, Including 2 Strategic Investors Eric Sprott and David Harquail

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