Tearsheet

Sprott (SII)


Market Price (3/30/2026): $135.35 | Market Cap: $3.5 Bil
Sector: Financials | Industry: Asset Management & Custody Banks

Sprott (SII)


Market Price (3/30/2026): $135.35
Market Cap: $3.5 Bil
Sector: Financials
Industry: Asset Management & Custody Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 52%
Expensive valuation multiples
P/SPrice/Sales ratio is 13x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 38x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 36x, P/EPrice/Earnings or Price/(Net Income) is 52x
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36%
Stock price has recently run up significantly
12M Rtn12 month market price return is 211%
2 Low stock price volatility
Vol 12M is 40%
Key risks
SII key risks include [1] its high sensitivity to volatile precious metal and commodity prices that directly impact its AUM and fee revenue and [2] regulatory changes specifically targeting the mining and critical materials sectors.
3 Megatrend and thematic drivers
Megatrends include Energy Transition & Decarbonization, and Macroeconomic Resilience. Themes include Uranium for Nuclear Energy, Strategic Resource Investment, Show more.
 
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 52%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36%
2 Low stock price volatility
Vol 12M is 40%
3 Megatrend and thematic drivers
Megatrends include Energy Transition & Decarbonization, and Macroeconomic Resilience. Themes include Uranium for Nuclear Energy, Strategic Resource Investment, Show more.
4 Expensive valuation multiples
P/SPrice/Sales ratio is 13x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 38x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 36x, P/EPrice/Earnings or Price/(Net Income) is 52x
5 Stock price has recently run up significantly
12M Rtn12 month market price return is 211%
6 Key risks
SII key risks include [1] its high sensitivity to volatile precious metal and commodity prices that directly impact its AUM and fee revenue and [2] regulatory changes specifically targeting the mining and critical materials sectors.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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Sprott (SII) stock has gained about 50% since 11/30/2025 because of the following key factors:

1. Sprott's strong financial performance in Q4 2025 significantly boosted investor confidence. The company reported a substantial 146% year-over-year increase in net income, reaching $28.7 million, and an 88% rise in adjusted EBITDA to $42.1 million. Furthermore, Assets Under Management (AUM) grew by $10.5 billion in Q4 2025 to $59.6 billion by December 31, 2025, continuing to grow to $70.1 billion by February 13, 2026, representing an 18% increase in just six weeks.

2. A robust bull market in gold prices provided a significant macroeconomic tailwind for Sprott's precious metals-focused portfolios. Gold prices soared throughout 2025, surpassing $4,000 per ounce in October 2025, and reached an all-time high of $5595.42 on January 29, 2026. As of March 20, 2026, gold was trading at $4720.61 USD/t.oz, marking a 56.12% increase from a year prior, driven by strong investor and central bank demand.

Show more

Stock Movement Drivers

Fundamental Drivers

The 48.1% change in SII stock from 11/30/2025 to 3/29/2026 was primarily driven by a 29.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)113020253292026Change
Stock Price ($)91.36135.3448.1%
Change Contribution By: 
Total Revenues ($ Mil)20826929.3%
Net Income Margin (%)24.2%25.1%3.6%
P/E Multiple46.951.810.6%
Shares Outstanding (Mil)26260.0%
Cumulative Contribution48.1%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/29/2026
ReturnCorrelation
SII48.1% 
Market (SPY)-5.3%41.1%
Sector (XLF)-10.0%7.6%

Fundamental Drivers

The 106.8% change in SII stock from 8/31/2025 to 3/29/2026 was primarily driven by a 52.9% change in the company's P/E Multiple.
(LTM values as of)83120253292026Change
Stock Price ($)65.45135.34106.8%
Change Contribution By: 
Total Revenues ($ Mil)19526937.7%
Net Income Margin (%)25.5%25.1%-1.8%
P/E Multiple33.951.852.9%
Shares Outstanding (Mil)26260.1%
Cumulative Contribution106.8%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/29/2026
ReturnCorrelation
SII106.8% 
Market (SPY)0.6%37.1%
Sector (XLF)-10.8%13.4%

Fundamental Drivers

The 225.9% change in SII stock from 2/28/2025 to 3/29/2026 was primarily driven by a 141.3% change in the company's P/E Multiple.
(LTM values as of)22820253292026Change
Stock Price ($)41.53135.34225.9%
Change Contribution By: 
Total Revenues ($ Mil)17726951.6%
Net Income Margin (%)27.8%25.1%-9.9%
P/E Multiple21.551.8141.3%
Shares Outstanding (Mil)2526-1.1%
Cumulative Contribution225.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/29/2026
ReturnCorrelation
SII225.9% 
Market (SPY)9.8%34.7%
Sector (XLF)-7.1%25.2%

Fundamental Drivers

The 322.1% change in SII stock from 2/28/2023 to 3/29/2026 was primarily driven by a 119.2% change in the company's Net Income Margin (%).
(LTM values as of)22820233292026Change
Stock Price ($)32.06135.34322.1%
Change Contribution By: 
Total Revenues ($ Mil)15426974.2%
Net Income Margin (%)11.4%25.1%119.2%
P/E Multiple45.551.813.9%
Shares Outstanding (Mil)2526-3.0%
Cumulative Contribution322.1%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/29/2026
ReturnCorrelation
SII322.1% 
Market (SPY)69.4%35.9%
Sector (XLF)40.5%23.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SII Return59%-24%5%27%137%36%427%
Peers Return0%-15%-13%2%138%-5%72%
S&P 500 Return27%-19%24%23%16%-5%72%

Monthly Win Rates [3]
SII Win Rate67%50%50%75%67%67% 
Peers Win Rate52%40%37%53%77%60% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
SII Max Drawdown-2%-30%-13%-6%-6%0% 
Peers Max Drawdown-20%-33%-26%-14%-0%-10% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-5% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: FNV, RGLD, GROY, OR, MTA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)

How Low Can It Go

Unique KeyEventSIIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-50.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven99.9%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven580 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-41.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven69.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven109 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-31.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven45.5%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven235 days120 days

Compare to FNV, RGLD, GROY, OR, MTA

In The Past

Sprott's stock fell -50.0% during the 2022 Inflation Shock from a high on 4/19/2022. A -50.0% loss requires a 99.9% gain to breakeven.

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About Sprott (SII)

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 clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts. Further, the firm also provides broker-dealer activities. Sprott Inc. was formed on February 13, 2008 and is based in Toronto, Canada.

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A Canadian version of Fidelity Investments.

Like a smaller T. Rowe Price, focused on asset and fund management.

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  • Asset Management: Sprott provides strategic management of investment portfolios and financial assets for its clients.
  • Wealth Management: The firm offers comprehensive financial advisory and investment solutions tailored to high-net-worth individuals and families.
  • Fund Management: Sprott manages a variety of pooled investment vehicles, including mutual funds, hedge funds, and offshore funds.
  • Managed Accounts: The company provides individualized investment management services directly for client accounts.
  • Administrative and Consulting Services: Sprott offers operational support and expert financial advisory to its clients.
  • Broker-Dealer Services: The firm facilitates securities transactions for clients and engages in proprietary trading activities.

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Sprott Inc. (SII), as an asset management firm specializing in precious metals and real assets, serves a diverse client base rather than having a few "major customers" in the traditional sense. Its services are primarily directed towards various categories of investors, including:

  • Individual Investors (High-Net-Worth and Retail): This category encompasses high-net-worth individuals seeking wealth management, portfolio management, and specialized investment strategies focused on precious metals and real assets. It also includes retail investors who access Sprott's various public funds, such as mutual funds and exchange-traded funds (ETFs), through brokerage platforms or financial advisors.

  • Institutional Investors: This group includes a broad range of organizations such as pension funds, endowments, foundations, and sovereign wealth funds. These institutions engage Sprott for specialized asset management services, seeking to allocate capital to precious metals, mining, and other real asset sectors through customized mandates or Sprott's array of fund products (mutual funds, hedge funds, ETFs).

  • Family Offices: Sprott also caters to family offices, which manage the wealth of ultra-high-net-worth families. These clients often require comprehensive wealth management, bespoke investment solutions, and access to alternative and specialized asset classes, aligning with Sprott's expertise in precious metals and real asset investments.

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Whitney George, Chief Executive Officer, Sprott Inc.

Whitney George was named Chief Executive Officer of Sprott Inc. in 2022. He joined Sprott in 2015 and also serves as Senior Portfolio Manager at Sprott Asset Management USA and Sprott Focus Trust. Prior to joining Sprott, he spent 23 years in senior roles at Royce & Associates LLC in New York, including Co-Chief Investment Officer from 2009 to 2013, where he played a key role in the firm's growth into a leading U.S. small-cap manager with peak assets of over US$40 billion. Before Royce, Mr. George held positions with Dominick & Dominick, Inc., WR Lazard & Laidlaw, Inc., Laidlaw, Adams & Peck, and Oppenheimer & Co. Inc.

Kevin Hibbert, Co-Chief Operating Officer & Chief Financial Officer, Sprott Inc.

Kevin Hibbert was appointed Chief Financial Officer and Corporate Secretary of Sprott Inc. in December 2015. He joined the company in 2014 as Vice-President of Finance. Mr. Hibbert has over 14 years of experience in the financial services industry, holds an Honours BA in Management from the University of Toronto, and is a CPA, CA. He is also a Senior Managing Partner & Co-Head of Enterprise Shared Services Group.

John Ciampaglia, Chief Executive Officer, Sprott Asset Management & Senior Managing Partner, Sprott Inc.

John Ciampaglia has almost 30 years of investment industry experience and has served as Chief Executive Officer of Sprott Asset Management and Senior Managing Partner of Sprott Inc. since 2017. He joined Sprott in 2010 as Chief Operating Officer. Before Sprott, he was a Senior Executive at Invesco Canada, holding the position of Senior Vice President, Product Development. Prior to Invesco Canada, he spent over four years at TD Asset Management. Mr. Ciampaglia plays an active role in the development of new investment strategies, acquisitions, marketing, and strategic partnerships.

Rick Rule, President & CEO, Sprott US Holdings Inc. & Senior Managing Director, Sprott Inc.

Rick Rule is the founder of Global Resource Investments and Sprott Asset Management USA Inc. (formerly Terra Resource Investment Management). He joined Sprott's investment and management team in 2011 when Sprott acquired his businesses. He has been principally involved in natural resource investments for his entire career, which began in 1974. Mr. Rule is also the President and CEO of Sprott US Holdings Inc. and a member of the Sprott Inc. Board of Directors. He has financed many successful projects and companies and is considered a leading American retail broker in natural resource investing.

Michael Harrison, Managing Partner, Sprott Inc. & Managing Partner, Sprott Resource Streaming and Royalty Corp.

Michael Harrison has over 25 years of experience in the mining industry. He joined Sprott in 2020. Prior to his current role, he served as President and CEO of Adriana Resources Inc. and Vice President, Corporate Development for Coeur Mining Inc. He also worked in investment banking at Cormark Securities Inc. and National Bank Financial, providing funding and mergers and acquisitions advice to mining companies. Earlier in his career, he was a Project Geophysicist at BHP Billiton.

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The key risks to Sprott Inc.'s business operations primarily stem from its specialized focus on precious metals and critical materials, as well as its current market valuation.

  1. Fluctuations in Precious Metals and Critical Materials Prices: Sprott Inc.'s financial health and revenue streams are significantly tied to the prices of commodities such as gold, silver, and uranium. The company operates in a high-beta sector, meaning its Assets Under Management (AUM) and subsequent fee revenue are highly sensitive to external market swings in these commodity prices. A sharp reversal or stagnation in the prices of precious metals and critical materials would directly impact Sprott's AUM and profitability.
  2. Premium Valuation and Market Sentiment: Sprott Inc. is currently trading at elevated valuation multiples (P/E, P/S, P/B ratios) compared to its historical averages and industry peers, suggesting that the market has priced in strong growth expectations. If the company's growth falters or if there is a shift in overall market sentiment towards the precious metals and critical materials sector, there is a risk of a significant re-rating of its stock, potentially leading to a decline in share price.

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The rise of low-cost passive investment vehicles, such as exchange-traded funds (ETFs) and index funds, poses a clear emerging threat. This trend leads to significant fee compression across the asset management industry and an ongoing shift of assets away from actively managed mutual funds, hedge funds, and managed accounts. As an asset management holding company that offers mutual funds, hedge funds, offshore funds, and managed accounts, Sprott's core revenue model, which is based on fees from active management, is directly challenged by this industry-wide shift towards more cost-effective, passive investment strategies.

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For Sprott Inc. (symbol: SII), the addressable markets for its main products and services are estimated as follows:

  • Global Asset Management Market: The global asset management industry grew to a record-breaking $128 trillion in assets under management (AuM) in 2024 and is projected to surge to $200 trillion by 2030, with a compound annual growth rate (CAGR) of 6.2%. North America is expected to remain the dominant market for global AuM.
  • Global Mutual Fund Assets Market: The global mutual fund assets market was valued at approximately $55.851 trillion (USD 55,851.0 billion) in 2024, and is projected to reach $95.815 trillion (USD 95,815.0 billion) by 2034, growing at a CAGR of 5.4% from 2025 to 2034.
  • Global Hedge Fund Market: The global hedge fund market size was valued at USD 5.3 trillion in 2024 and is projected to grow at a CAGR of 4.1% between 2025 and 2034, reaching USD 7.5 trillion by 2034.
  • Global Wealth Management Market: The global wealth management market size was valued at USD 1.83 trillion in 2024 and is poised to grow to USD 5.95 trillion by 2033, growing at a CAGR of 14% during the forecast period (2026–2033).

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Expected Drivers of Future Revenue Growth for Sprott Inc. (SII)

Over the next 2-3 years, Sprott Inc.'s revenue growth is expected to be primarily driven by several key factors, rooted in its specialized focus on precious metals and critical materials within the asset management industry.

  1. Sustained Growth in Assets Under Management (AUM) from Precious Metals and Critical Materials: Sprott's revenue is directly tied to its AUM, which has seen significant growth, reaching $70.1 billion by mid-February 2026. This expansion is fueled by robust investor demand for precious metals physical trusts and critical materials ETFs. Macroeconomic factors such as market uncertainty, persistent inflation concerns, and geopolitical tensions are expected to continue driving investors towards safe-haven assets like gold and silver. Additionally, the increasing demand for critical materials, particularly uranium due to the "explosive energy demands of artificial intelligence data centers," is creating a substantial new catalyst for AUM growth. The company is positioned to capitalize on what its CEO has termed a "metals-driven commodity super cycle."
  2. Expansion of Exchange-Listed Products (ETFs) and Product Offerings: Sprott plans to introduce new Exchange-Traded Funds (ETFs) in 2026, with at least one new ETF anticipated in the first half of the year. The company also aims to further expand its product offerings through strategic partnerships, such as the one with HANetf in Europe. This continuous innovation and expansion of its product suite are expected to attract new capital and further increase AUM, as demonstrated by the rapid growth of its existing ETF business and the Sprott Silver Miners & Physical Silver ETF (SLVR) surpassing $1 billion in AUM.
  3. Operational Leverage from a Fixed-Cost Business Model: Sprott's business model is characterized by a relatively fixed cost structure. This operational leverage means that increases in underlying commodity prices and inflows of new investor capital can translate almost directly into higher management fees and, consequently, increased revenue. As the company's AUM grows and commodity prices remain favorable, the efficiency of this business model is expected to amplify profitability and revenue growth without a proportional increase in operational expenses.
  4. Increasing Institutional Allocation to Natural Resources: Sprott anticipates a rise in institutional allocation to natural resource investments, including precious metals and critical materials. The company's strategic focus and established expertise in these sectors position it well to capture a significant portion of this increasing institutional capital, further contributing to AUM growth and associated management fees.

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Share Repurchases

  • Sprott announced a new Normal Course Issuer Bid (NCIB) approved by the Toronto Stock Exchange, allowing it to repurchase up to 1,289,312 common shares, approximately 5.0% of its issued and outstanding common shares as of February 28, 2026. This bid commenced on March 11, 2026, and will conclude on March 10, 2027.
  • Under the NCIB that ran from March 11, 2025, to March 10, 2026, Sprott was approved to repurchase up to 645,333 common shares. During this period, the company purchased an aggregate of 11,691 common shares on the TSX or alternative Canadian trading systems for C$706,720.95 and 15,386 common shares on the NYSE or alternative U.S. trading systems for US$999,628.42.
  • Under its prior NCIB, which commenced on March 4, 2024, and ended on March 3, 2025, Sprott was approved to repurchase up to 646,576 common shares. The company purchased an aggregate of 49,706 common shares, including 34,048 shares on Canadian systems for approximately C$2.01 million and 15,658 shares on the NYSE for approximately US$648,672.

Outbound Investments

  • Sprott Inc. actively manages a portfolio of 221 total holdings, as disclosed in its latest SEC filings, with a recent portfolio value calculated at approximately $2.96 billion USD.
  • The firm's top holdings include significant investments in companies such as Sprott Inc. (US:SII), Equinox Gold Corp. (US:EQX), Sprott Focus Trust, Inc. (US:FUND), Coeur Mining, Inc. (US:CDE), and Agnico Eagle Mines Limited (US:AEM).
  • Sprott Inc. has established new positions in companies like Elemental Royalty Corporation (US:ELEMF), H&R Block, Inc. (US:HRB), IAMGOLD Corporation (US:IAG), NVIDIA Corporation (US:NVDA), and Taseko Mines Limited (DE:UDM).

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SII_7312025_Quality_Momentum_RoomToRun_10%07312025SIISprottQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
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95.5%142.8%-6.7%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SIIFNVRGLDGROYORMTAMedian
NameSprott Franco-N.Royal Go.Gold Roy.OR Royal.Metalla . 
Mkt Price135.34233.95237.543.3235.236.2485.28
Mkt Cap3.545.219.10.66.60.65.1
Rev LTM2691,8231,0301627711273
Op Inc LTM801,30666522020141
FCF LTM96-703-460-672093-32
FCF 3Y Avg6463128-4971-363
CFO LTM981,49470562463172
CFO 3Y Avg661,10555011820124

Growth & Margins

SIIFNVRGLDGROYORMTAMedian
NameSprott Franco-N.Royal Go.Gold Roy.OR Royal.Metalla . 
Rev Chg LTM51.6%63.7%43.2%54.5%45.1%108.9%53.1%
Rev Chg 3Y Avg22.9%15.9%20.8%87.8%19.9%62.9%21.8%
Rev Chg Q131.6%86.1%85.3%34.2%59.4%146.6%85.7%
QoQ Delta Rev Chg LTM29.3%17.9%20.1%7.9%13.8%29.1%19.0%
Op Mgn LTM29.6%71.6%64.5%10.9%72.9%3.5%47.0%
Op Mgn 3Y Avg32.1%65.8%58.1%-105.6%60.0%-75.0%45.1%
QoQ Delta Op Mgn LTM-0.2%2.5%-2.4%12.9%2.7%26.9%2.6%
CFO/Rev LTM36.3%81.9%68.4%39.5%88.5%27.6%54.0%
CFO/Rev 3Y Avg32.2%79.2%70.2%-53.6%82.6%-0.9%51.2%
FCF/Rev LTM35.7%-38.6%-44.6%-427.9%75.2%27.6%-5.5%
FCF/Rev 3Y Avg31.2%12.6%27.8%-675.4%25.3%-90.3%19.0%

Valuation

SIIFNVRGLDGROYORMTAMedian
NameSprott Franco-N.Royal Go.Gold Roy.OR Royal.Metalla . 
Mkt Cap3.545.219.10.66.60.65.1
P/S13.024.818.640.023.954.824.3
P/EBIT38.131.931.7158.926.9-785.731.8
P/E51.840.641.0-151.232.1-197.636.4
P/CFO35.730.227.1101.227.0198.233.0
Total Yield2.6%2.6%3.1%-0.7%3.6%-0.5%2.6%
Dividend Yield0.7%0.2%0.6%0.0%0.5%0.0%0.3%
FCF Yield 3Y Avg4.5%0.8%2.5%-15.6%0.9%-2.2%0.8%
D/E0.00.00.00.00.00.00.0
Net D/E-0.0-0.00.0-0.0-0.00.0-0.0

Returns

SIIFNVRGLDGROYORMTAMedian
NameSprott Franco-N.Royal Go.Gold Roy.OR Royal.Metalla . 
1M Rtn-16.5%-16.5%-20.8%-28.9%-25.7%-31.0%-23.2%
3M Rtn35.0%7.8%1.8%-21.1%-6.1%-24.9%-2.2%
6M Rtn66.7%7.9%21.3%-14.2%-8.0%1.1%4.5%
12M Rtn210.5%51.7%47.9%130.6%69.6%111.5%90.6%
3Y Rtn303.7%65.4%90.1%50.4%131.0%11.2%77.8%
1M Excs Rtn-10.1%-8.7%-11.5%-21.8%-17.2%-22.0%-14.4%
3M Excs Rtn43.5%16.7%10.2%-12.3%3.4%-15.2%6.8%
6M Excs Rtn77.8%13.3%27.1%-7.2%-2.4%7.6%10.4%
12M Excs Rtn197.1%42.3%39.0%124.0%59.2%100.0%79.6%
3Y Excs Rtn244.9%8.3%39.9%-2.8%86.1%-40.1%24.1%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Exchange Listed Products11285776338
Managed Equities3930303441
Private strategies2828172616
Corporate-0-0-33-7
Consolidation, elimination and all other segments-082554
Brokerage   3531
Total179151145165122


Price Behavior

Price Behavior
Market Price$135.34 
Market Cap ($ Bil)3.5 
First Trading Date01/07/2010 
Distance from 52W High-18.7% 
   50 Days200 Days
DMA Price$138.39$93.92
DMA Trendupup
Distance from DMA-2.2%44.1%
 3M1YR
Volatility54.6%40.1%
Downside Capture0.870.28
Upside Capture393.70152.50
Correlation (SPY)39.7%33.2%
SII Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta2.151.211.321.050.640.74
Up Beta1.721.451.760.910.610.66
Down Beta-0.67-1.08-0.320.270.520.75
Up Capture492%543%481%379%190%109%
Bmk +ve Days9203170142431
Stock +ve Days11264083157412
Down Capture160%-1%15%34%14%79%
Bmk -ve Days12213054109320
Stock -ve Days1015214191333

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SII
SII210.0%39.9%2.92-
Sector ETF (XLF)-4.0%19.2%-0.3323.9%
Equity (SPY)14.5%18.9%0.5933.0%
Gold (GLD)50.2%27.7%1.4658.6%
Commodities (DBC)17.8%17.6%0.8538.6%
Real Estate (VNQ)0.4%16.4%-0.1523.2%
Bitcoin (BTCUSD)-23.7%44.2%-0.4932.7%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SII
SII29.3%35.7%0.80-
Sector ETF (XLF)9.1%18.7%0.3730.2%
Equity (SPY)11.8%17.0%0.5440.4%
Gold (GLD)20.7%17.7%0.9650.5%
Commodities (DBC)11.6%18.9%0.5032.8%
Real Estate (VNQ)3.0%18.8%0.0735.0%
Bitcoin (BTCUSD)4.0%56.6%0.2925.2%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SII
SII15.4%37.6%0.69-
Sector ETF (XLF)12.0%22.1%0.5029.2%
Equity (SPY)14.0%17.9%0.6738.5%
Gold (GLD)13.3%15.8%0.7046.2%
Commodities (DBC)8.2%17.6%0.3932.0%
Real Estate (VNQ)4.7%20.7%0.1933.9%
Bitcoin (BTCUSD)66.4%66.8%1.0626.7%

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Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity0.6 Mil
Short Interest: % Change Since 22820263.3%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest2.5 days
Basic Shares Quantity25.8 Mil
Short % of Basic Shares2.3%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

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Report DateFiling DateFiling
12/31/202502/19/202640-F
09/30/202511/05/20256-K
06/30/202508/06/20256-K
03/31/202505/07/20256-K
12/31/202402/26/202540-F
09/30/202411/06/20246-K
06/30/202408/07/20246-K
03/31/202405/08/20246-K
12/31/202302/21/202440-F
09/30/202311/01/20236-K
06/30/202308/09/20236-K
03/31/202305/05/20236-K
12/31/202202/24/202340-F
09/30/202211/04/20226-K
06/30/202208/02/20226-K
03/31/202205/06/20226-K