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Credit services · Financial Services
Sprott reported revenue of $285M in the fiscal year ended Dec 2025, up 59.6% from the year before. Operating income was $92M, an operating margin of 32.1%, and net income was $67M. Operating cash flow of $98M less capital expenditure of $2M left free cash flow of $96M.
Ranks among the 35 credit services companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 165 | 145 | 151 | 179 | 285 |
| Selling, general & admin | 14.7 | 16.0 | 16.6 | 18.8 | 18.5 |
| Operating incomederived: pre-tax income + interest | 46.4 | 28.0 | 54.4 | 72.1 | 91.6 |
| Interest expense | 1.2 | 2.9 | 4.1 | 3.1 | 1.2 |
| Pre-tax income | 45.2 | 25.1 | 50.3 | 69.0 | 90.4 |
| Income tax | 12.0 | 7.4 | 8.5 | 19.7 | 23.0 |
| Net income | 33.2 | 17.6 | 41.8 | 49.3 | 67.3 |
| Diluted EPS | 1.28 | 0.67 | 1.60 | 1.91 | 2.61 |
| Diluted shares | 25.9 | 26.2 | 26.1 | 25.9 | 25.8 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 49.8 | 51.7 | 20.7 | 46.8 | 123 |
| Receivables | 13.2 | 11.0 | 7.5 | 15.4 | 46.0 |
| Current assets | 77.5 | 77.0 | 43.6 | 79.2 | 188 |
| Net PP&E | 16.5 | 12.5 | 10.9 | 19.2 | 21.3 |
| Goodwill | 19.1 | 19.1 | 19.1 | 19.1 | 19.1 |
| Total assets | 366 | 384 | 379 | 389 | 526 |
| Current liabilities | 28.1 | 25.8 | 21.4 | 30.3 | 97.5 |
| Long-term debt | 29.8 | 54.4 | 24.2 | 0.0 | – |
| Total liabilities | 74.7 | 106 | 73.1 | 65.2 | 159 |
| Shareholders' equity | 291 | 277 | 306 | 324 | 367 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 51.2 | 32.5 | 29.9 | 69.2 | 97.7 |
| Capital expenditure | 0.7 | 0.1 | 1.5 | 1.9 | 1.9 |
| Free cash flow | 50.6 | 32.4 | 28.3 | 67.3 | 95.8 |
| Depreciation & amortisation | 4.6 | 3.4 | 2.8 | 2.2 | 2.5 |
| Stock-based compensation | 3.7 | 17.0 | 20.4 | 18.8 | 75.5 |
| Share buybacks | 0.0 | 3.0 | 4.2 | 2.0 | 1.6 |
| Dividends paid | 25.6 | 25.8 | 25.8 | 27.1 | 33.5 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −11.8% | 4.3% | 18.0% | 59.6% |
| Operating income growth (YoY) | – | −39.6% | 94.1% | 32.7% | 27.0% |
| EPS growth (YoY) | – | −47.7% | 138.8% | 19.4% | 36.6% |
| Operating margin | 28.2% | 19.3% | 35.9% | 40.4% | 32.1% |
| Net margin | 20.2% | 12.1% | 27.6% | 27.6% | 23.6% |
| Return on equityBlank when equity is negative | 11.4% | 6.4% | 13.7% | 15.2% | 18.3% |
| ROCEEBIT ÷ (assets − current liabilities) | 13.7% | 7.8% | 15.2% | 20.1% | 21.4% |
| Free cash flow margin | 30.7% | 22.3% | 18.7% | 37.7% | 33.6% |
| Cash conversion (CFO ÷ net income) | 1.54x | 1.84x | 0.71x | 1.40x | 1.45x |
| Receivable days | 29 | 28 | 18 | 31 | 59 |
| Interest cover | 39.9x | 9.58x | 13.4x | 23.3x | 74.9x |
| Debt ÷ equity | 0.10x | 0.20x | 0.08x | 0.00x | – |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −20.0 | 2.8 | 3.6 | −46.8 | – |
| Current ratio | 2.76x | 2.99x | 2.03x | 2.62x | 1.92x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.