Wholesales bullion and related products to dealers, financial institutions and manufacturers, and sells precious metals to retail customers.
10-K for FY2026, filed Sep 10, 2026Wholesale Sales & Ancillary Services operates as a wholesaler of gold, silver, platinum, and palladium bullion and related products…View ↗
Wholesale Sales. We sell thousands of different products through our Wholesale Sales business, including gold and silver coins from around…View ↗
Direct-to-Consumer sells precious metals to domestic and international retail customers through its consumer-facing subsidiaries.View ↗
Wholesale buyers generally pay before bullion ships, unless a purchase is financed; retail product sales are generally paid before shipment and completed on delivery. Auctions earn commissions from sellers and buyers, while secured loans earn interest over the loan term.
10-K for FY2026, filed Sep 10, 2026Orders are taken telephonically and on an electronic trading platform that can be accessed by qualified wholesale customers at…View ↗
E-commerce, wholesale, physical retail and phone sales (Pinehurst, SGI and AMS). Under these arrangements, the contract is normally…View ↗
Collectability is deemed probable as for a majority of the sales, the product is shipped after complete payment has been received. However…View ↗
Auctions (SGI). For a single auction transaction, there are typically two contracts established with two separate customers resulting in…View ↗
The Company’s performance obligation to the buyer is to deliver the consigned product to the bidder that won the product at an auction. At…View ↗
Secured loans — The Company uses the effective interest method to recognize interest income on its secured loans transactions. The Company…View ↗
$25.5B
10-K for FY2026, filed Sep 10, 2026
$25.5B ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Wholesale Sales & Ancillary Services
Sold outright
10-K for FY2026, filed Sep 10, 2026 |
76%
FY2023: 78%
|
Wholesale Sales & Ancillary Services, FY2026
$19.4B Sources
|
Sold outright |
|
Direct-to-Consumer
Sold outright
10-K for FY2026, filed Sep 10, 2026 |
24%
FY2023: 22%
|
Direct-to-Consumer, FY2026
$6.1B Sources
|
Sold outright |
|
Secured Lending
Recurring
|
0.0% |
Secured Lending, FY2026
$0 Sources
|
Recurring |
Wholesale buyers such as dealers, financial institutions and manufacturers order through the company’s offices and trading platform; retail customers buy through its websites or by phone. Independent dealers also buy products for resale.
10-K for FY2026, filed Sep 10, 2026Wholesale Sales. We sell thousands of different products through our Wholesale Sales business, including gold and silver coins from around…View ↗
Orders are taken telephonically and on an electronic trading platform that can be accessed by qualified wholesale customers at…View ↗
Customers may order product on each of the JMBullion.com, BGASC.com, BullionMax.com, ProvidentMetals.com and Silver.com websites. While…View ↗
We market our products and services to our wholesale customers primarily through our offices in Costa Mesa, California, Hong Kong, and…View ↗
Our Direct-to-Consumer segment primarily markets its products over the internet through proprietary websites, using an internally developed…View ↗
Yes. It kept less than a cent of every revenue dollar as net income in FY2026 and turned 5 cents into free cash flow.
10-K for FY2026, filed Sep 10, 2026
$177.6MView ↗
10-K for FY2026, filed Sep 10, 2026
$82.3MView ↗
10-K for FY2026, filed Sep 10, 2026
$1.2BView ↗
Growing. Revenue grew 3.1x in 4 years, from $8.2B in FY2022 to $25.5B in FY2026, about 33% a year.
Auctions and fine wine
The earlier report described bullion, numismatic coins and related products; the latest report includes rare-coin and currency auctions and a fine-wine auction, retail and storage business.
10-K for FY2023, filed Sep 12, 2023 10-K for FY2026, filed Sep 10, 2026A-Mark, also referred to (together with its subsidiaries) as "we", "us" and the "Company", is a fully integrated precious metals platform…View ↗
We acquired SGI in February 2025. SGI is the parent company of Stack's Bowers Galleries, which is one of the world's largest rare coin and…View ↗
Vienna marketing office
The earlier report described an overseas marketing office in Vienna; the latest says that office is closing and its marketing work is moving to other company offices.
10-K for FY2023, filed Sep 12, 2023 10-K for FY2026, filed Sep 10, 2026The Company opened an overseas office in Vienna, Austria in 2009, for the purpose of marketing A-Mark's goods and services in the…View ↗
We previously marketed our goods and services to international markets through our A-Mark Trading AG (“AMTAG”) subsidiary, which operated…View ↗
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