SPROTT INC.
SII · Finance Services · EDGAR filings ↗
Grade
A85High-return, cash-generative specialty asset manager with a durable precious-metals niche franchise.
Strengths
- Top-decile returns — ROA 12.8% (97th pct) with ROE 18.3% (83rd pct)
- Top-decile margins and cash generation — net margin 23.6% (87th), FCF margin 33.6% (92nd), plus 60% revenue growth (73rd pct)
Risks
- Earnings tied to precious-metals AUM/flows, which are cyclical and commodity-price sensitive
- Foreign-private-issuer governance carve-outs reduce some investor protections
Notable findings
- Strong balance sheetStrong balance sheet — $123M cash & investments
Key metrics
Net margin
23.6%
Return on equity
18.3%
Return on assets
12.8%
Revenue growth (QoQ)
59.6%
Net-income growth
36.6%
Current ratio
1.9×
Free cash flow
$96M
Tangible book value
$348M
Cash & investments
$123M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-02-19 | 2025-12-31 | 0001628280-26-009474 ↗ |
| 40-F | 2025-02-26 | 2024-12-31 | 0001628280-25-007955 ↗ |
| 40-F | 2024-02-21 | 2023-12-31 | 0001628280-24-005773 ↗ |
| 40-F | 2023-02-24 | 2022-12-31 | 0001628280-23-004957 ↗ |
| 40-F | 2022-02-25 | 2021-12-31 | 0001628280-22-003914 ↗ |
| 40-F | 2021-02-26 | 2020-12-31 | 0001104659-21-028609 ↗ |