StoneX Group Inc.
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 7, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Comprehensive Income
| Three Months Ended June 30, | Nine Months Ended June 30, | |||
|---|---|---|---|---|
| (in millions) | 2025 | 2024 | 2025 | 2024 |
| Net income | $63.4 | $61.9 | $220.2 | $184.1 |
| Other comprehensive gain/(loss), net of tax: | ||||
| Foreign currency translation adjustment | 11.3 | (9.2) | 5.0 | (6.9) |
| Cash flow hedges | 6.3 | 1.3 | 6.0 | 21.2 |
| Total other comprehensive gain/(loss), net of tax | 17.6 | (7.9) | 11.0 | 14.3 |
| Comprehensive income | $81.0 | $54.0 | $231.2 | $198.4 |
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended June 30, | ||
|---|---|---|
| (in millions) | 2025 | 2024 |
| Cash flows from operating activities: | ||
| Net income | $220.2 | $184.1 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 46.2 | 35.8 |
| Amortization of right of use assets | 19.1 | 16.4 |
| Bad debts (recoveries), net | 2.3 | (0.2) |
| Deferred income taxes | 12.0 | (3.6) |
| Amortization of debt issuance costs | 3.1 | 7.9 |
| Amortization of share-based compensation | 35.2 | 27.8 |
| Changes in operating assets and liabilities, net: | ||
| Securities and other assets segregated under federal and other regulations | 38.4 | (42.6) |
| Securities purchased under agreements to resell | (2,957.8) | (1,925.3) |
| Securities borrowed | (823.9) | (26.6) |
| Deposits with and receivables from broker-dealers, clearing organizations, and counterparties, net | 37.5 | (183.8) |
| Receivables from clients, net | 49.1 | (188.1) |
| Income taxes receivable | (36.7) | (3.8) |
| Financial instruments owned, at fair value | (2,194.1) | (1,106.8) |
| Physical commodities inventory, net | (22.6) | (50.1) |
| Other assets | (73.6) | (84.7) |
| Accounts payable and other accrued liabilities | 71.8 | 20.6 |
| Operating lease liabilities | (11.7) | (7.3) |
| Payables to clients | 610.9 | 610.2 |
| Payables to broker-dealers, clearing organizations, and counterparties | (231.2) | (13.2) |
| Income taxes payable | (0.2) | (13.6) |
| Securities sold under agreements to repurchase | 4,794.1 | 2,545.3 |
| Securities loaned | 416.2 | 6.7 |
| Financial instruments sold, not yet purchased, at fair value | 854.6 | 509.2 |
| Net cash provided by operating activities | 858.9 | 314.3 |
| Cash flows from investing activities: | ||
| Proceeds from notes receivable | — | 5.2 |
| Acquisition of businesses and assets, net of cash received | (13.8) | (0.7) |
| Purchase of exchange memberships and common stock | (0.2) | (1.0) |
| Purchases of property and equipment | (44.9) | (48.5) |
| Net cash used in investing activities | (58.9) | (45.0) |
| Cash flows from financing activities: | ||
| Net change in payables to lenders under loans with maturities 90 days or less | 13.9 | (113.2) |
| Proceeds from payables to lenders under loans with maturities greater than 90 days | — | 10.0 |
| Repayments of payables to lenders under loans with maturities greater than 90 days | — | (10.0) |
| Proceeds from issuance of senior secured notes | — | 550.0 |
| Repayment of senior secured notes | — | (347.9) |
| Deferred payments on acquisitions | (21.1) | (9.6) |
| Debt issuance costs | — | (7.6) |
| Shares withheld to cover taxes on vesting of equity awards | (6.4) | (2.0) |
| Exercise of stock options | 9.7 | 4.5 |
| Net cash (used in)/provided by financing activities | (3.9) | 74.2 |
| Effect of exchange rates on cash, segregated cash, cash equivalents, and segregated cash equivalents | 4.4 | (6.9) |
| Net increase in cash, segregated cash, cash equivalents, and segregated cash equivalents | 800.5 | 336.6 |
| Cash, segregated cash, cash equivalents, and segregated cash equivalents at beginning of period | 6,672.6 | 6,041.7 |
| Cash, segregated cash, cash equivalents, and segregated cash equivalents at end of period | $7,473.1 | $6,378.3 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $1,016.8 | $848.7 |
| Income taxes paid, net of cash refunds | $100.7 | $89.1 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Additional consideration payable related to acquisition of customer list | $— | $0.6 |
| Identified intangible assets and goodwill on acquisitions | $11.3 | $— |
| Additional consideration payable related to acquisitions, net | $3.2 | $3.5 |
| Acquisition consideration paid in silver bullion | $12.6 | $— |
| Acquisition of business: | ||
| Assets acquired | $29.0 | $— |
| Liabilities assumed | 8.1 | — |
| Total net assets acquired | $20.9 | $— |
Condensed Consolidated Statements of Cash Flows - Continued
The following table provides a reconciliation of cash, segregated cash, cash equivalents, and segregated cash equivalents reported within the Condensed Consolidated Balance Sheets.
| June 30, | ||
|---|---|---|
| (in millions) | 2025 | 2024 |
| Cash and cash equivalents | $1,313.1 | $1,220.8 |
| Cash segregated under federal and other regulations(1) | 2,910.9 | 2,702.0 |
| Cash segregated and deposited with or pledged to exchange-clearing organizations and other futures commission merchants (“FCMs”)(2) | 2,507.0 | 1,535.1 |
| Securities segregated and pledged to exchange-clearing organizations(2) | 742.1 | 920.4 |
| Total cash, segregated cash, cash equivalents, and segregated cash equivalents shown in the condensed consolidated statements of cash flows | $7,473.1 | $6,378.3 |
(1) Represents segregated client cash held at third-party banks. Excludes segregated commodity warehouse receipts, segregated U.S. Treasury obligations with original or acquired maturities of greater than 90 days, and other assets of $13.4 million and $48.4 million as of June 30, 2025 and 2024, respectively, included within Cash, securities and other assets segregated under federal and other regulations on the Condensed Consolidated Balance Sheets.
(2)Represents segregated client cash and U.S. Treasury obligations on deposit with, or pledged to, exchange clearing organizations and other FCMs. Excludes non-segregated cash, segregated U.S. Treasury obligations pledged to exchange-clearing organizations with original or acquired maturities greater than 90 days, and other assets of $4,631.5 million and $5,114.7 million as of June 30, 2025 and 2024, respectively, included within Deposits with and receivables from broker-dealers, clearing organizations, and counterparties, net on the Condensed Consolidated Balance Sheets.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.