SPROTT INC. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data SPROTT INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2020	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	73.5	122	165	145	151	179	285
Selling, general and administrative	12.5	11.1	14.7	16	16.6	18.8	18.5
Interest income	11.4	3.96	3.54	4.99	6.49	8.91	6.66
Pre-tax income	13	34.7	45.2	25.1	50.3	69	90.4
Income tax	2.74	7.68	12	7.45	8.49	19.7	23
Net income to minority interests			0.1	-0.5	-0.9
Net income	10.2	27	33.2	17.6	41.8	49.3	67.3
EPS, basic	0.42	1.10	1.33	0.70	1.66	1.94	2.61
EPS, diluted	0.40	1.05	1.28	0.67	1.60	1.91	2.61

Balance sheet

	FY2020	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	54.7	44.1	49.8	51.7	20.7	46.8	123
Short-term investments	17.5	9.48	6.13	3.35	0.75	0.23	0.64
Total current assets	95.3	85.3	77.5	77	43.6	79.2	188
Property, plant and equipment	16.2	16.6	16.5	12.5	10.9	19.2	21.3
Goodwill	19.1	19.1	19.1	19.1	19.1	19.1	19.1
Intangible assets	114	156	170	179	183	168	183
Total assets	325	377	366	384	379	389	526
Total current liabilities	35.2	47.2	28.1	25.8	21.4	30.3	97.5
Total liabilities	53.3	86.4	74.7	106	73.1	65.2	159
Retained earnings	-108	-104	-97	-105	-89.4	-67.3	-33.4
Total equity	272	291	291	277	306	324	367
Total liabilities and equity	325	377	366	384	379	389	526

Cash flow statement

	FY2020	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	10.2	27	33.2	17.6	41.8	49.3	67.3
Cash from operations	33.1	26.2	51.2	32.5	29.9	69.2	97.7
Capital expenditures	-2.22	-0.69	-0.69	-0.13	-1.54	-1.87	-1.85
Cash from investing	1.53	-17.1	-20.6	-23.5	4.61	24.5	9.33
Debt issued	15	1.07	12.7	25.8	0	6.44	0
Debt repaid					-30.2	-30.7	0
Share buybacks	-1.72	-2.02	0	-3.04	-4.16	-2.02	-1.55
Dividends paid	-22.9	-23.1	-25.6	-25.8	-25.8	-27.1	-33.5
Cash from financing	-16.1	-22.4	-24.2	-3.9	-63.5	-57.2	-33.3
Exchange rate effect	1.63	2.65	-0.73	-3.23	-2.02	-10.3	2.86
Net change in cash	20.1	-10.6	5.7	1.87	-31	26.2	76.6
Free cash flow	30.8	25.6	50.6	32.4	28.3	67.3	95.8

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $124.34 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	31.7%	Pre-tax income / revenue.
Net margin	23.6%	Net income / revenue.
FCF margin	33.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	34.3%	Cash from operations / revenue.
Effective tax rate	25.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	14.7%	Net income / average total assets.
SG&A / revenue	6.5%	Selling, general and administrative expense / revenue.
Capex / revenue	0.6%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	59.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	25.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	18.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	36.6%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	56.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	20.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	36.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	57.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	20.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	41.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	44.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	30.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	42.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	43.6%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	30.3%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	35.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	11.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	6.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.92x	Current assets / current liabilities.
Quick ratio	1.27x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.27x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	30.2%	Total liabilities / total assets.
Working capital	$90.2M	Current assets - current liabilities.
Goodwill and intangibles / assets	38.5%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.62x	Revenue / average total assets.
Fixed asset turnover	14.1x	Revenue / average property, plant and equipment.
FCF conversion	142.3%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	1.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.61	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$2.61	Net income per basic share, as reported (split-adjusted).
Payout ratio	49.8%	Dividends paid / net income, when net income is positive.
Dividends / FCF	35.0%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	1.6%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$3.21B	Share price x shares outstanding.
Enterprise value	$3.08B	Market cap + total debt - cash - short-term investments.
P/E	47.6x	Market cap / net income. Only when net income is positive.
P/S	11.3x	Market cap / revenue.
P/FCF	33.5x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	32.8x	Market cap / cash from operations, when positive.
EV/Sales	10.8x	Enterprise value / revenue.
EV/FCF	32.2x	Enterprise value / free cash flow, when both are positive.
FCF yield	3.0%	Free cash flow / market cap.
Earnings yield	2.1%	Net income / market cap (the inverse of P/E).
Dividend yield	1.0%	Dividends paid over the period / market cap.
Shareholder yield	1.1%	(Dividends paid + share buybacks) / market cap.
PEG	0.83x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was SPROTT INC.'s revenue in fiscal 2025?

SPROTT INC. reported revenue of $285.1M for fiscal 2025, 59.6% higher than the year before.

Was SPROTT INC. profitable in fiscal 2025?

Yes. Net income was $67.3M, a net margin of 23.6%.

How much free cash flow did SPROTT INC. generate in fiscal 2025?

Cash from operations of $97.7M minus capital expenditures of $1.9M left free cash flow of $95.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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