SII

MKT CAP:$3B

Sprott Inc.

Market Cap

$3B

Financial Services·Asset Management·🇨🇦 Canada·NYSE

Financials·Asset Management·🇨🇦·NYSE

Stock Price

$148.40+$47.17 (+46.60%)

Apr 17, 2026

Company Details

Sprott Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clie...

CEO

William Whitney George

IPO Date

Feb 22, 2010

Website

www.sprott.com

Key Metrics TTM

Revenue

$239M

+50.4% YoY

Net Income

$66M

EPS (Diluted)

$2.53

Free Cash Flow

$114M

Revenue / Share

$9.26

Gross Margin

69.5%

Operating Margin

35.0%

Net Margin

27.5%

FCF Margin

47.5%

P/S

14.1x

P/E

51.3x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 19, 2026

$296M+75.8%EPS $2.66

Q4 2025

Feb 19, 2026

$115M+207.7%EPS $1.13

Q1 2025

May 7, 2025

$42M+5.6%EPS $0.46

FY 2024

Feb 26, 2025

$168M+19.0%EPS $1.91

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$33M	$17M	$13M
Q3 21	$40M	$19M	$15M
Q4 21	$47M	$26M	$16M
Q2 22	$38M	$17M	$11M
Q3 22	$36M	$16M	$11M
Q4 22	$36M	$17M	$12M
Q1 23	$38M	$16M	$11M
Q2 23	$37M	$14M	$7M
Q3 23	$35M	$17M	$11M
Q4 23	$38M	$18M	$14M
Q1 24	$39M	$19M	$14M
Q2 24	$46M	$23M	$18M
Q3 24	$45M	$24M	$19M
Q4 24	$37M	$15M	$9M
Q1 25	$42M	$20M	$15M
Q4 25	$115M	$108M	$41M

Valuation

Quarter	P/S	P/E
Q2 21	22.7x	113.1x
Q3 21	21.2x	113.1x
Q4 21	20.4x	101.3x
Q2 22	21.1x	109.4x
Q3 22	20.8x	148.0x
Q4 22	21.3x	157.6x
Q1 23	22.7x	178.8x
Q2 23	22.9x	94.0x
Q3 23	23.0x	85.2x
Q4 23	22.8x	80.4x
Q1 24	22.5x	73.5x
Q2 24	21.2x	81.3x
Q3 24	19.9x	71.1x
Q4 24	20.0x	68.2x
Q1 25	19.7x	67.6x
Q4 25	14.1x	51.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$10M	$10M
Q3 21	$18M	$18M
Q4 21	$5M	$4M
Q2 22	$14M	$14M
Q3 22	-$3M	-$3M
Q4 22	$14M	$14M
Q1 23	$11M	$11M
Q2 23	$7M	$7M
Q3 23	-$357.0K	-$517.0K
Q4 23	$12M	$11M
Q1 24	$12M	$11M
Q2 24	$9M	$9M
Q3 24	$21M	$21M
Q4 24	$27M	$27M
Q1 25	$14M	$14M
Q4 25	$53M	$53M

Capital Expenditures

Quarter	CapEx
Q2 21	$65.0K
Q3 21	$67.0K
Q4 21	$349.0K
Q2 22	$8.0K
Q3 22	$102.0K
Q4 22	$18.8K
Q1 23	$380.0K
Q2 23	$493.0K
Q3 23	$160.0K
Q4 23	$502.0K
Q1 24	$741.0K
Q2 24	$375.0K
Q3 24	$342.0K
Q4 24	$410.0K
Q1 25	$592.0K
Q4 25	$328.7K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+4896.2%	+1507.8%
Q3 21	+34.5%	+25.4%
Q4 21	+16.1%	+26.4%
Q2 22	-13.2%	-6.2%
Q3 22	+8.5%	+23.8%
Q4 22	-10.8%	-8.2%
Q1 23	-19.5%	-12.7%
Q2 23	-3.5%	+10.0%
Q3 23	-2.1%	-4.4%
Q4 23	+4.0%	+0.9%
Q1 24	+4.2%	-5.6%
Q2 24	+25.8%	-1.7%
Q3 24	+27.4%	+6.7%
Q4 24	-0.6%	+17.9%
Q1 25	+5.6%	+6.1%
Q4 25	+147.1%	+156.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$631.0K	1.9%
Q3 21	$693.0K	1.7%
Q4 21	$2M	3.7%
Q2 22	$5M	12.0%
Q3 22	$4M	11.5%
Q4 22	$0	0.0%
Q1 23	$4M	11.2%
Q2 23	$8M	20.6%
Q3 23	$4M	12.2%
Q4 23	$4M	11.4%
Q1 24	$4M	11.1%
Q2 24	$4M	8.5%
Q3 24	$5M	10.2%
Q4 24	$5M	12.5%
Q1 25	$18.0K	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q2 21	$4M	—
Q3 21	$7M	—
Q4 21	$9M	—
Q2 22	$4M	—
Q3 22	—	$4M
Q4 22	—	$4M
Q1 23	$4M	—
Q2 23	$5M	—
Q3 23	$5M	—
Q4 23	—	$4M
Q1 24	—	$4M
Q2 24	$5M	—
Q3 24	$5M	—
Q4 24	—	$5M
Q1 25	—	$4M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$50M	$5M	$56M
Q2 22	$47M	$4M	$51M
Q3 22	$49M	$4M	$52M
Q4 22	$52M	$3M	$55M
Q1 23	$47M	$3M	$50M
Q2 23	$20M	$2M	$22M
Q3 23	$24M	$2M	$26M
Q4 23	$21M	$2M	$23M
Q1 24	$24M	$2M	$26M
Q2 24	$30M	$2M	$32M
Q3 24	$44M	$2M	$45M
Q4 24	$47M	$225.0K	$47M
Q1 25	$56M	$241.0K	$56M
Q2 25	$75M	$305.0K	$75M
Q3 25	$80M	$446.0K	$80M
Q4 25	$118M	$6M	$124M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	26M	+0.2%	+1.0%
Q3 21	26M	-0.0%	+0.4%
Q4 21	25M	-4.3%	-0.6%
Q2 22	26M	+6.0%	+1.7%
Q3 22	26M	-0.1%	+1.3%
Q4 22	26M	-0.5%	+0.8%
Q1 23	26M	+0.3%	+5.6%
Q2 23	26M	-0.1%	-0.5%
Q3 23	26M	-0.2%	-0.6%
Q4 23	26M	-0.2%	-0.2%
Q1 24	26M	-0.3%	-0.8%
Q2 24	26M	0.0%	-0.7%
Q3 24	26M	+0.0%	-0.5%
Q4 24	25M	-2.5%	-2.8%
Q1 25	26M	+1.7%	-0.8%
Q4 25	26M	-0.1%	-0.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$17M	2
Q3 21	$20M	2
Q4 21	$24M	2
Q2 22	$19M	2
Q3 22	$18M	2
Q4 22	$18M	2
Q1 23	$19M	2
Q2 23	$18M	2
Q3 23	$18M	2
Q4 23	$19M	2
Q1 24	$20M	2
Q2 24	$23M	2
Q3 24	$23M	2
Q4 24	$19M	2
Q1 25	$21M	2
Q4 25	$57M	2

Revenue / Employee