NYSE$SII
Sprott Inc · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
Sprott AUM surges 56% to $49.1B as adjusted EBITDA jumps 54% and dividend rises 33%
Sprott Inc. reported third quarter 2025 net income of $13.2 million, or $0.51 per share, up 4% from $12.7 million in Q3 2024, while adjusted EBITDA rose 54% to $31.9 million, or $1.24 per share. Total revenues were $65.1 million as net fees grew 20% to $46.7 million on higher average AUM driven by precious metals price appreciation and strong inflows. Assets under management reached $49.1 billion at September 30, up 23% from June 30 and 56% from year-end 2024, with $1.1 billion in net sales during the quarter. Management fees were $50.7 million and the board declared a quarterly dividend of $0.40 per share, a 33% increase. Net income was partially offset by $22.4 million in stock-based compensation under a new cash-settled plan.
- AUM reached $49.1B, up 23% from Q2 and 56% from year-end 2024, with $1.1B in net Q3 inflows
- Net income was $13.2M ($0.51/share); adjusted EBITDA rose 54% to $31.9M ($1.24/share)
- Net fees grew 20% to $46.7M on management fees of $50.7M and higher precious metals physical trust AUM
- Board declared a $0.40 quarterly dividend, up 33%; September was the best sales month in company history at $879M
- Subsequent to quarter-end AUM reached $51B with $793M in net inflows through October 31
Headline financials
Revenue & EPS history
Sprott · Revenue · Quarterly
C$65.1M
Revenue by segment
Sprott · C$37.2M total across 3 segments · Q1 2025
- Net feesC$35.6M—95.7%
- Finance incomeC$1.4M—3.8%
- Net commissionsC$187K—0.5%
Forward guidance
Management expressed confidence in Sprott's core positioning in precious metals and critical materials investments, supported by a highly constructive operating environment and strong net sales momentum.
Tailwinds
- AUM and net sales at record pace driven by precious metals appreciation and physical trust inflows
- New ETF launches reached AUM thresholds faster than prior launches; ETF AUM grew from under $400M to over $4.5B since 2022
Headwinds
- Stock-based compensation expense rose sharply under new cash-settled plan, largely offsetting net income gains
- Carried interest and performance fees declined 57% YoY in the quarter to $1.8M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2025
+0.0%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+4.2%
Avg return
30 days after
53%
33 / 62 earnings
Positive
+6.8%
Q3 2022
Best reaction
-10.3%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.5% | -4.2% | — | |
| Q3 2025 | +2.5% | +13.3% | +12.5% | |
| Q2 2025 | -0.5% | +1.3% | -2.6% | |
| Q1 2025 | +2.2% | +1.6% | +15.9% | |
| Q3 2024 | -3.7% | -5.3% | -5.4% | |
| Q2 2024 | -0.7% | +0.6% | -3.8% | |
| Q1 2024 | +2.5% | +2.9% | +5.8% | |
| Q3 2023 | +3.1% | +5.7% | +14.6% | |
| Q2 2023 | +1.1% | +3.8% | -4.1% | |
| Q1 2023 | +1.7% | +4.2% | -1.6% | |
| Q4 2022 | -8.1% | -3.6% | -2.8% | |
| Q3 2022 | +6.8% | +5.3% | +5.2% | |
| Q2 2022 | -7.0% | -3.9% | -5.2% | |
| Q1 2022 | -10.3% | -20.0% | -15.1% | |
| Q4 2021 | +5.9% | +6.3% | +30.5% | |
| Q3 2021 | +4.8% | +7.3% | +5.9% | |
| Q2 2021 | +2.2% | +1.6% | +2.1% | |
| Q1 2021 | +0.1% | -2.4% | -1.4% | |
| Q4 2020 | +4.4% | +5.9% | +7.7% | |
| Q2 2020 | +0.4% | +0.4% | +1.4% | |
| Q3 2020 | +0.4% | +0.4% | +1.4% | |
| Q1 2020 | +0.6% | -0.6% | +52.2% | |
| Q4 2019 | +2.1% | +4.0% | +7.1% | |
| Q3 2019 | -2.6% | -2.4% | -6.1% | |
| Q2 2019 | +4.2% | +1.9% | +14.3% | |
| Q1 2019 | -0.5% | +2.2% | -0.9% | |
| Q4 2018 | -1.8% | +2.1% | +2.7% | |
| Q3 2018 | +1.0% | -0.4% | -2.1% | |
| Q2 2018 | +2.7% | +2.2% | +0.4% | |
| Q1 2018 | +1.0% | +1.2% | +9.1% | |
| Q4 2017 | +1.7% | +2.6% | +23.6% | |
| Q3 2017 | +1.6% | +4.7% | -0.6% | |
| Q2 2017 | +2.4% | +1.1% | +5.1% | |
| Q1 2017 | -1.8% | -3.0% | +0.6% | |
| Q4 2016 | -1.0% | +6.9% | -5.9% | |
| Q3 2016 | -5.6% | -7.7% | -8.7% | |
| Q2 2016 | +3.1% | +5.8% | +0.0% | |
| Q1 2016 | -2.1% | — | — | |
| Q4 2015 | +3.8% | — | — | |
| Q3 2015 | +6.5% | — | — | |
| Q2 2015 | -1.0% | — | — | |
| Q1 2015 | +3.5% | — | — | |
| Q4 2014 | -0.4% | — | — | |
| Q3 2014 | -6.2% | — | — | |
| Q2 2014 | +1.9% | — | — | |
| Q1 2014 | -1.8% | — | — | |
| Q4 2013 | -1.2% | — | — | |
| Q3 2013 | -1.4% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q1 2013 | +0.3% | — | — | |
| Q4 2012 | +3.1% | — | — | |
| Q3 2012 | +0.0% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2012 | +2.9% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q3 2011 | -9.3% | — | — | |
| Q2 2011 | +0.4% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2010 | +0.0% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q2 2010 | -5.2% | — | — | |
| Q1 2010 | +0.0% | — | — |
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