Quarterly ResultMay 6, 2026, 07:02 AM
Sprott Q1 AUM $65.1B, Net Income $29.2M; Adjusted EBITDA $57.9M
AI Summary
Sprott Inc. reported strong financial results for Q1 2026, with Assets Under Management (AUM) reaching $65.1 billion, a 9% increase from Q4 2025. Net income surged to $29.2 million ($1.13 per share), and Adjusted EBITDA rose to $57.9 million ($2.25 per share), driven by higher average AUM and carried interest crystallization. The company expanded its critical materials offerings with the launch of the Sprott Rare Earths Ex-China ETF and the listing of the Sprott Physical Copper Trust.
Key Highlights
- AUM grew 9% to $65.1 billion as of March 31, 2026, from $59.6 billion in Q4 2025.
- Net income increased to $29.2 million ($1.13 per share) from $12 million ($0.46 per share) in Q1 2025.
- Adjusted EBITDA rose to $57.9 million ($2.25 per share) from $21.9 million ($0.85 per share) in Q1 2025.
- Management fees were $81.5 million, up $41.5 million from Q1 2025.
- Carried interest and performance fees totaled $52 million, up from $nil in Q1 2025.
- Critical materials strategies accounted for 96% of net sales in the quarter.
- Launched Sprott Rare Earths Ex-China ETF (REXC) and listed Sprott Physical Copper Trust (SCOP).
- Stock-based compensation expense increased to $34.7 million due to a 46% stock price appreciation.