Gold.com Reports Fiscal First Quarter 2027 Results

Gross margin improved from both comparison quarters, while revenue and profitability remained below the preceding quarter.

Rhea-AI Summary

Gold.com (NYSE: GOLD) reported fiscal first-quarter 2027 net income of $1.6 million, returning to profit from a year-earlier loss. For the quarter ended September 30, 2026, diluted earnings were $0.05 per share versus a $0.04 loss a year earlier, but below $0.41 in the preceding quarter. Revenue fell 11% year over year and 35% sequentially to $3.265 billion.

Gross profit rose 23% year over year to $89.6 million but fell 19% sequentially. Gross margin reached 2.74%, versus 1.98% a year earlier and 2.20% in the preceding quarter. Non-GAAP earnings before interest, taxes, depreciation and amortization totaled $17.4 million, up 22% year over year but down 38% sequentially. New direct-to-consumer customers increased 38% year over year to 96,100, while average order value fell 10% to $3,482. Selling, general and administrative expenses rose 19% to $71.2 million. The company declared a quarterly cash dividend of $0.20 per share.

16 points · 0 major

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Positive

• Moderate pointGross profit of $89.6 million increased 23% year over year but decreased 19% sequentially.
• Moderate pointGross margin of 2.74% exceeded 1.98% a year earlier and 2.20% in the preceding quarter.
• Moderate pointNon-GAAP EBITDA of $17.4 million increased 22% year over year but decreased 38% sequentially.
• Moderate pointAdjusted pretax income of $13.2 million, a non-GAAP measure, rose 172% year over year but fell 46% sequentially.
• Moderate pointNew direct-to-consumer customers of 96,100 increased 38% year over year and 42% sequentially.
• Moderate pointTotal direct-to-consumer customers of 4,818,400 increased 13% year over year and 2% sequentially.

10 minor points

• Minor pointNet income of $1.6 million reversed a $0.9 million year-earlier loss; down 87% sequentially.
• Minor pointDiluted EPS of $0.05 versus a $0.04 year-earlier loss and $0.41 in the preceding quarter.
• Minor pointRevenue excluding the forward-sales decrease increased $0.953 billion, or 51%, year over year.
• Minor pointGold sales of 463,000 ounces increased 5% year over year but decreased 11% sequentially.
• Minor pointSilver sales of 13,978,000 ounces increased 35% year over year but decreased 9% sequentially.
• Minor pointActive direct-to-consumer customers of 148,600 increased 1% year over year but decreased 8% sequentially.
• Minor pointJM Bullion average order value of $2,943 increased 16% year over year and 8% sequentially.
• Minor pointSecured loans receivable of $107,415,000 increased 4% year over year but decreased 7% sequentially.
• Minor pointSunshine Mint acquisition expanded production capabilities, the company said.
• Minor point. Forward-looking: it has not happened yet and may not happen.Company plans include integrating recent acquisitions, expanding geographic reach and diversifying its customer base.

Negative

• Moderate pointRevenue of $3.265 billion decreased 11% year over year and 35% sequentially.
• Moderate pointSelling, general and administrative expenses of $71.2 million increased 19% from $59.8 million a year earlier.
• Moderate pointDirect-to-consumer average order value of $3,482 decreased 10% year over year and 2% sequentially.
• Minor pointOutstanding secured loans of 372 decreased 12% year over year but increased 1% sequentially.

News Explained

Excluding a $1.368 billion year-over-year decline in forward sales, Gold.com says revenue increased $953 million, or 51%, citing higher gold and silver prices and ounces sold, along with the Monex and SMI acquisitions; this comparison is distinct from the reported revenue decline.

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Key Figures

Revenue: $3.265 billion Gross profit: $89.6 million Gross profit margin: 2.74% +5 more

Revenue

$3.265 billion

Q1 FY2027; down 11% year over year

Gross profit

$89.6 million

Q1 FY2027; up 23% year over year

Gross profit margin

2.74%

Q1 FY2027; compared with 1.98% in Q1 FY2026

Net income attributable to the Company

$1.6 million

Q1 FY2027; compared with a $0.9 million net loss in Q1 FY2026

Diluted EPS

$0.05

Q1 FY2027; compared with $(0.04) in Q1 FY2026

Adjusted net income before provision for income taxes

$13.2 million

Q1 FY2027; up 172% year over year

EBITDA

$17.4 million

Q1 FY2027; up 22% year over year

Quarterly cash dividend

$0.20 per share

Company-declared quarterly dividend

Previous Earnings Reports

3 past events · Latest: Sep 02

Same Type 3 events

1. Sep 02

   FY2026 earnings

   24h Move

   -5.3%

   Reported fiscal-year growth and earnings alongside weaker sequential fourth-quarter revenue and earnings.

2. May 06

   Q3 earnings

   24h Move

   +0.9%

   Reported fiscal Q3 revenue, net income, diluted EPS and EBITDA, alongside an equity purchase and acquisition.

3. Feb 05

   Q2 earnings

   24h Move

   +9.9%

   Reported fiscal Q2 revenue, gross profit, net income and EBITDA, and announced a quarterly cash dividend.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

non-gaap, ebitda, forward contracts

3 terms

non-gaap financial

"Adjusted net income before provision for income taxes, a non-GAAP financial performance measure"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

ebitda financial

"Earnings before interest, taxes, depreciation and amortization (“EBITDA”)"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

forward contracts financial

"excluding ounces of gold recorded on forward contracts"

A forward contract is a private agreement to buy or sell an asset at a specific price on a set future date, like agreeing today to buy a car at a fixed price six months from now. For investors, forwards matter because they let you lock in prices to protect against market swings or to bet on future moves, but they carry extra risk since they are customized deals between parties and can be harder to trade or enforce than standard exchange-traded instruments.

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Q1 FY 2027 Diluted Earnings Per Share of $0.05

$1.6 Million in Net Income and $17.4 Million in non-GAAP EBITDA in Q1

Company Declares Quarterly Cash Dividend of $0.20 per Share

COSTA MESA, Calif., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Gold.com, Inc. (NYSE: GOLD), (“Gold.com” or the “Company”), a fully integrated alternative assets platform that offers an extensive range of precious metals, numismatic coins, and collectibles to consumers, collectors, and institutional clients worldwide, reported results for the fiscal first quarter ended September 30, 2026.

Management Commentary

“Our fiscal first quarter reflects the resilience of our fully integrated platform in a slower market environment,” said Gold.com CEO Greg Roberts. “Activity moderated from the exceptional levels we saw earlier this year, but it was higher than a year ago, with more gold and silver ounces sold and a larger customer base, and profitability improved. During the quarter, we navigated through uncertainty from the global markets, including fluctuating precious metal valuations, yet we expanded gross margins while continuing to evaluate strategic growth initiatives.”

“Operationally, we remained focused on driving synergies across our business units and maximizing efficiencies at every level, positioning us against shifting macroeconomic backdrops and regional bullion demand trends. Our acquisition of Sunshine Mint at the beginning of the fourth quarter of fiscal 2026 has meaningfully expanded our production capabilities, further strengthening our vertically integrated model, giving us greater control over product availability and pricing stability across our supply chain.

“Our strategic focus remains on integrating our recent acquisitions, expanding our geographic reach, and further diversifying our customer base. With an expanded portfolio of category-leading brands, improved operational leverage and the financial strength to keep investing, we believe Gold.com is positioned to capture growth across multiple markets and continue delivering long-term value for our shareholders.”

		Three Months Ended September 30,
		2026								2025
		(in thousands, except Earnings (Loss) per Share)
Selected Key Financial Statement Metrics:
Revenues		$	3,265,269								$	3,680,766
Gross profit		$	89,617								$	72,897
Depreciation and amortization expense		$	(9,074		)						$	(7,583	)
Net income (loss) attributable to the Company		$	1,602								$	(939	)
Earnings (Loss) per Share
Basic		$	0.05								$	(0.04	)
Diluted		$	0.05								$	(0.04	)
Non-GAAP Measures (1):
Adjusted net income before provision for income taxes		$	13,242								$	4,872
EBITDA		$	17,404								$	14,301
(1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below

A reconciliation of net income (loss) before provision for income taxes to adjusted net income before provision for income taxes for the three months ended September 30, 2026 and 2025 follows (in thousands):
		Three Months Ended September 30,
		2026					2025
Net income (loss) before provision for income taxes		$	2,168				$	(311	)
Adjustments:
Contingent consideration fair value adjustment			1,803					(2,461	)
Acquisition costs			197					61
Amortization of acquired intangibles			5,874					5,202
Depreciation expense			3,200					2,381
Adjusted net income before provision for income taxes (non-GAAP)		$	13,242				$	4,872

		Three Months Ended
		September 30, 2026					June 30, 2026
		(in thousands, except Earnings per Share)
Selected Key Financial Statement Metrics:
Revenues		$	3,265,269				$	5,005,014
Gross profit		$	89,617				$	110,297
Depreciation and amortization expense		$	(9,074	)			$	(10,115	)
Net income (loss) attributable to the Company		$	1,602				$	12,157
Earnings (Loss) per Share
Basic		$	0.05				$	0.42
Diluted		$	0.05				$	0.41
Non-GAAP Measures (1):
Adjusted net income before provision for income taxes		$	13,242				$	24,741
EBITDA		$	17,404				$	28,188
(1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below

A reconciliation of net income (loss) before provision for income taxes to adjusted net income before provision for income taxes for the three months ended September 30, 2026 and June 30, 2026 follows (in thousands):
		Three Months Ended
		September 30, 2026					June 30, 2026
Net income (loss) before provision for income taxes		$	2,168				$	12,303
Adjustments:
Contingent consideration fair value adjustment			1,803					6,327
Remeasurement gain on pre-existing equity interest			-					(4,136	)
Acquisition costs			197					132
Amortization of acquired intangibles			5,874					7,004
Depreciation expense			3,200					3,111
Adjusted net income before provision for income taxes (non-GAAP)		$	13,242				$	24,741

Fiscal First Quarter 2027 Financial Highlights

• Revenues for the three months ended September 30, 2026 decreased 11% to $3.265 billion from $3.681 billion for the three months ended September 30, 2025, and decreased 35% from $5.005 billion for the three months ended June 30, 2026
• Gross profit for the three months ended September 30, 2026 increased 23% to $89.6 million from $72.9 million for the three months ended September 30, 2025, and decreased 19% from $110.3 million for the three months ended June 30, 2026
• Gross profit margin for the three months ended September 30, 2026 increased to 2.74% of revenue, from 1.98% of revenue for the three months ended September 30, 2025, and increased from 2.20% of revenue for the three months ended June 30, 2026
• Net income (loss) attributable to the Company for the three months ended September 30, 2026 increased 271% to $1.6 million from $(0.9) million for the three months ended September 30, 2025, and decreased 87% from net income of $12.2 million for the three months ended June 30, 2026
• Diluted earnings (loss) per share totaled $0.05 for the three months ended September 30, 2026, a 225% increase compared to $(0.04) for the three months ended September 30, 2025, and decreased 88% from $0.41 for the three months ended June 30, 2026
• Adjusted net income before provision for income taxes, depreciation, amortization, acquisition costs, remeasurement gains or losses, and contingent consideration fair value adjustments (“Adjusted net income before provision for income taxes” or “Adjusted net income”), a non-GAAP financial performance measure, for the three months ended September 30, 2026 increased 172% to $13.2 million from $4.9 million for the three months ended September 30, 2025, and decreased 46% from $24.7 million for the three months ended June 30, 2026
• Earnings before interest, taxes, depreciation and amortization (“EBITDA”), a non-GAAP liquidity measure, for the three months ended September 30, 2026 increased 22% to $17.4 million from $14.3 million for the three months ended September 30, 2025, and decreased 38% from $28.2 million for the three months ended June 30, 2026

		Three Months Ended September 30,
		2026					2025
Selected Operating and Financial Metrics:
Gold ounces sold (1)			463,000					439,000
Silver ounces sold (2)			13,978,000					10,391,000
Number of secured loans at period end (3)			372					424
Secured loans receivable at period end		$	107,415,000				$	103,633,000
Direct-to-Consumer ("DTC") number of new customers (4)			96,100					69,400
Direct-to-Consumer number of active customers (5)			148,600					147,300
Direct-to-Consumer number of total customers (6)			4,818,400					4,265,400
Direct-to-Consumer average order value ("AOV") (7)		$	3,482				$	3,863
(1)   Gold ounces sold represents the ounces of gold product sold and delivered to the customer during the period, excluding ounces of gold recorded on forward contracts. Metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026.
(2)   Silver ounces sold represents the ounces of silver product sold and delivered to the customer during the period, excluding ounces of silver recorded on forward contracts. Metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026.
(3)   Number of outstanding secured loans to customers that are primarily collateralized by precious metals at the end of the period.
(4)   DTC number of new customers represents the number of customers that have registered or set up a new account or made a purchase for the first time during the period within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.
(5)   DTC number of active customers represents the number of customers that have made a purchase during any month during the period within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.
(6)   DTC number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.
(7)   DTC AOV represents the average dollar value of product orders (excluding accumulation program orders) delivered to the customer during the period within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.

		Three Months Ended
		September 30, 2026					June 30, 2026
Selected Operating and Financial Metrics:
Gold ounces sold (1)			463,000					521,000
Silver ounces sold (2)			13,978,000					15,317,500
Number of secured loans at period end (3)			372					367
Secured loans receivable at period end		$	107,415,000				$	115,128,000
Direct-to-Consumer ("DTC") number of new customers (4)			96,100					67,900
Direct-to-Consumer number of active customers (5)			148,600					160,700
Direct-to-Consumer number of total customers (6)			4,818,400					4,722,300
Direct-to-Consumer average order value ("AOV") (7)		$	3,482				$	3,556
(1)   Gold ounces sold represents the ounces of gold product sold and delivered to the customer during the period, excluding ounces of gold recorded on forward contracts. Metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026.
(2)   Silver ounces sold represents the ounces of silver product sold and delivered to the customer during the period, excluding ounces of silver recorded on forward contracts. Metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026.
(3)   Number of outstanding secured loans to customers that are primarily collateralized by precious metals at the end of the period.
(4)   DTC number of new customers represents the number of customers that have registered or set up a new account or made a purchase for the first time during the period within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.
(5)   DTC number of active customers represents the number of customers that have made a purchase during any month during the period within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.
(6)   DTC number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.
(7)   DTC AOV represents the average dollar value of product orders (excluding accumulation program orders) delivered to the customer during the period within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.

Fiscal First Quarter 2027 Operational Highlights

• Gold ounces sold in the three months ended September 30, 2026 increased 5% to 463,000 ounces from 439,000 ounces for the three months ended September 30, 2025, and decreased 11% from 521,000 ounces for the three months ended June 30, 2026
• Silver ounces sold in the three months ended September 30, 2026 increased 35% to 14.0 million ounces from 10.4 million ounces for the three months ended September 30, 2025, and decreased 9% from 15.3 million ounces for the three months ended June 30, 2026
• As of September 30, 2026, the number of secured loans decreased 12% to 372 from 424 as of September 30, 2025, and increased 1% from 367 as of June 30, 2026
• As of September 30, 2026, secured loans receivable increased 4% to $107.4 million from $103.6 million as of September 30, 2025, and decreased 7% from $115.1 million as of June 30, 2026
• Direct-to-Consumer new customers for the three months ended September 30, 2026 increased 38% to 96,100 from 69,400 for the three months ended September 30, 2025, and increased 42% from 67,900 for the three months ended June 30, 2026. The increase in new customers from the same year-ago quarter was primarily due to the acquisition of Monex in January 2026, as well as JMB’s activity
• Direct-to-Consumer active customers for the three months ended September 30, 2026 increased 1% to 148,600 from 147,300 for the three months ended September 30, 2025, and decreased 8% from 160,700 for the three months ended June 30, 2026
• Direct-to-Consumer total customers as of September 30, 2026 increased 13% to 4.82 million from 4.27 million as of September 30, 2025, and increased 2% from 4.72 million as of June 30, 2026
• Direct-to-Consumer average order value for the three months ended September 30, 2026 decreased $381, or 10%, to $3,482 from $3,863 for the three months ended September 30, 2025, and decreased $74, or 2%, from $3,556 for the three months ended June 30, 2026
• JM Bullion’s average order value for the three months ended September 30, 2026 increased $399, or 16%, to $2,943 from $2,544 for the three months ended September 30, 2025, and increased $227, or 8%, from $2,716 for the three months ended June 30, 2026

Fiscal First Quarter 2027 Financial Summary

Revenues decreased 11% to $3.265 billion from $3.681 billion in the same year-ago quarter. Excluding a decrease of $1.368 billion of forward sales, our revenues increased $0.953 billion, or 51%, which was due to higher average selling prices of gold and silver as well as an increase in gold and silver ounces sold. Revenues also increased due to the acquisitions of Monex in January 2026 and SMI in April 2026.

Gross profit increased 23% to $89.6 million (2.74% of revenue) from $72.9 million (1.98% of revenue) in the same year-ago quarter. The overall gross profit increase was due to an increase in gross profits earned by both the Wholesale Sales & Ancillary Services segment and the Direct-to-Consumer segment, including the acquisitions of Monex and SMI, which were not included in the same year-ago period. The Direct-to-Consumer segment contributed 70% and 71% of the consolidated gross profit in the fiscal first quarters of 2027 and 2026, respectively.

Selling, general and administrative expenses increased 19% to $71.2 million from $59.8 million in the same year-ago quarter. The change was primarily due to an increase in compensation expense of $6.7 million, higher advertising costs of $2.4 million, an increase in insurance costs of $0.7 million, and an increase in facilities expense of $0.6 million. Selling, general and administrative expenses for the three months ended September 30, 2026 included $5.2 million of expenses incurred by Monex and SMI, which were not included, or were not fully included, in the same year-ago period. Excluding the increase from newly acquired subsidiaries, our selling, general and administrative expenses increased $6.2 million from the prior year period.

Depreciation and amortization expense increased 20% to $9.1 million from $7.6 million in the same year-ago quarter. The change was primarily due to an increase in depreciation expense of $0.8 million due to an increase in capital expenditures and an increase in amortization expense of $0.7 million.

Interest income increased 13% to $6.3 million from $5.6 million in the same year-ago quarter. The aggregate increase in interest income was due to a $0.7 million increase in interest income earned by our Direct-to-Consumer segment.

Interest expense decreased 1% to $12.5 million from $12.6 million in the same year-ago quarter. The decrease in interest expense was primarily due to a decrease of $5.8 million associated with our Trading Credit Facility due to reduced borrowings and lower interest and fees of $0.5 million related to product financing arrangements, partially offset by an increase of $6.2 million related to precious metals leases driven by higher overall borrowings.

Earnings (losses) from equity method investments increased 153% to earnings of $0.5 million from a loss of $0.9 million in the same year-ago quarter.

Net income attributable to the Company totaled $1.6 million or $0.05 per diluted share, compared to net loss of $0.9 million or $0.04 per diluted share in the same year-ago quarter.

Adjusted net income before provision for income taxes for the three months ended September 30, 2026 totaled $13.2 million, an increase of $8.4 million or 172% compared to $4.9 million in the same year-ago quarter.

EBITDA for the three months ended September 30, 2026 totaled $17.4 million, an increase of $3.1 million or 22% compared to $14.3 million in the same year-ago quarter.

Quarterly Cash Dividend

Gold.com’s Board of Directors has declared a quarterly cash dividend of $0.20 per share, maintaining the Company’s current dividend program. The dividend is payable on December 2, 2026 to stockholders of record as of November 19, 2026.

Conference Call

Gold.com will hold a conference call today (November 4, 2026) to discuss these financial results. Gold.com management will host the call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) followed by a question-and-answer period.

To participate, please call the conference telephone number 10 minutes before the start time and ask for the Gold.com conference call.

Webcast: https://www.webcaster5.com/Webcast/Page/2867/54619
U.S. dial-in number: 1-888-506-0062
International number: 1-973-528-0011
Participant Access Code: 243840

The call will also be broadcast live and available for replay on the Investor Relations section of Gold.com’s website at ir.gold.com. If you have any difficulty connecting with the conference call or webcast, please contact Gold.com’s investor relations team at 1-646-277-1260.

A replay of the call will be available after 7:30 p.m. Eastern time through November 18, 2026.

Toll-free replay number: 1-877-481-4010
International replay number: 1-919-882-2331
Participant Access Code: 54619

About Gold.com, Inc.

Gold.com builds on gold’s storied history and heritage to define the future of alternative asset management. Founded in 1965, Gold.com offers comprehensive solutions for all aspects of the precious metals (gold, silver, platinum, and palladium) and collectibles (including rare coins and currency) value chains. Its vertically integrated platform combines market expertise with state-of-the-art logistics, financing, and minting capabilities to serve customers, collectors, and institutional clients globally.

Gold.com’s direct-to-consumer marketplace, anchored by flagship brands JMBullion.com, Stack’s Bowers Galleries, GovMint.com, Monex Precious Metals, and Goldline, has served millions of customers. The Company’s trading and wholesale sales platform, which operates as A-Mark Precious Metals, maintains distribution and finance focused relationships with a network of sovereign and private mints and has been an “authorized purchaser” of the United States Mint since 1986. This platform is supported by the Company’s minting and refining operations which include Sunshine Minting and Silver Towne Mint, whose facilities can collectively produce in excess of three million ounces of finished precious metals products per week. Gold.com’s Collateral Finance Corporation secured lending subsidiary, CFCGoldLoans.com, extends bullion, numismatic, and sports card loans while A-Mark Global Logistics supports the Company’s operations with airport-adjacent distribution centers and IRA-approved storage depositories.

Gold.com is headquartered in Costa Mesa, California, and operates across the United States, Canada, the United Kingdom, Europe, Hong Kong, and Singapore. Learn more at www.gold.com.

Gold.com periodically provides information for investors on its corporate website, www.gold.com and its investor relations website, ir.gold.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and investor presentations.

Important Cautions Regarding Forward-Looking Statements

Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. These include statements regarding expectations with respect to growth, the delivery of long-term value, expense optimization, cost containment and operating leverage. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results or circumstances to differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ include the following: The failure to execute the Company’s growth strategy, including the inability to identify suitable or available acquisition or investment opportunities; greater than anticipated costs incurred to execute this strategy; our inability to execute on our cost containment and expense reduction programs; government regulations that might impede growth, particularly in Asia, including with respect to tariff policy; the inability to successfully integrate our recently acquired businesses; the inability of the Company successfully to expand its business to include cryptocurrency; the inability of the Company to work with its strategic partners to combine traditional precious metal assets and a blockchain based infrastructure; changes in the current international political climate, which historically has favorably contributed to demand and volatility in the precious metals markets but also has posed certain risks and uncertainties for the Company; increased competition for the Company’s higher margin services, which could depress pricing; the failure of the Company’s business model to respond to changes in the market environment as anticipated; changes in consumer demand and preferences for precious metal products generally; potential negative effects that inflationary pressure may have on our business; the failure of our investee companies to maintain, or address the preferences of, their customer bases; general risks of doing business in the commodity markets; and the strategic, business, economic, financial, political and governmental risks and other Risk Factors described in the Company’s public filings with the Securities and Exchange Commission.

The Company undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.

Use and Reconciliation of Non-GAAP Measures

In addition to presenting the Company’s financial results determined in accordance with U.S. GAAP, management believes the following non-GAAP measures are useful in evaluating the Company’s operating performance: “adjusted net income before provision for income taxes” and “earnings before interest, taxes, depreciation and amortization” (“EBITDA”). Management believes the “adjusted net income before provision for income taxes” non-GAAP financial performance measure assists investors and analysts by facilitating comparison of period-to-period operational performance on a consistent basis by excluding items that management does not believe are indicative of the Company’s core operating performance. The items excluded from this financial measure may have a material impact on the Company’s financial results. Certain of those items are non-recurring, while others are non-cash in nature. Management believes the EBITDA non-GAAP liquidity measure assists investors and analysts by facilitating comparison of our business operations before investing activities, interest, and income taxes with other publicly traded companies. Non-GAAP measures do not have standardized definitions and should be considered in addition to, and not as a substitute for or superior to, the comparable measures prepared in accordance with U.S. GAAP, and should be read in conjunction with the financial statements included in the Company’s Quarterly Report on Form 10-Q to be filed with the SEC. Management encourages investors and others to review the Company’s financial information in its entirety and not to rely on any single financial or liquidity measure.

In the Company’s reconciliation from its reported U.S. GAAP “net income before provision for income taxes” to its non-GAAP “adjusted net income before provision for income taxes”, the Company eliminates the impact of the following five amounts: remeasurement gains or losses related to pre-existing equity interests; acquisition costs; amortization expenses related to intangible assets acquired; depreciation expense; and contingent consideration fair value adjustments. The Company’s reconciliations from its reported U.S. GAAP “net income before provision for income taxes” to its non-GAAP “adjusted net income before provision for income taxes”, and “net income” and “net cash provided by (used in) operating activities” to its non-GAAP “EBITDA” are provided below and are also included in the Company’s Quarterly Report on Form 10-Q to be filed with the SEC for the quarterly period ended September 30, 2026.

Company Contact:
Steve Reiner, Executive Vice President, Capital Markets & Investor Relations
Gold.com, Inc.
310-587-1410
sreiner@gold.com

Investor Relations Contact:
Reed Anderson, ICR
646-277-1260
reed.anderson@icrinc.com
GOLD@icrinc.com

GOLD.COM, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except for share data)
		September 30, 2026				June 30, 2026
		(unaudited)
ASSETS
Current assets
Cash		$	126,819			$	577,976
Receivables, net			200,112				196,037
Derivative assets			291,336				317,976
Secured loans receivable			107,415				115,128
Inventories:
Inventories			1,348,157				1,561,851
Restricted inventories			1,088,023				798,485
			2,436,180				2,360,336
Income tax receivable			6,161				2,148
Prepaid expenses and other assets			37,923				34,750
Total current assets			3,205,946				3,604,351
Operating lease right of use assets			35,394				31,659
Property, plant, and equipment, net			73,305				71,064
Goodwill			250,803				250,803
Intangibles, net			144,517				146,318
Long-term investments			27,450				26,986
Other long-term assets			3,841				5,738
Total assets		$	3,741,256			$	4,136,919
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Liabilities on borrowed metals		$	793,783			$	776,061
Product financing arrangements			314,900				89,249
Accounts payable and other payables			144,506				38,778
Deferred revenue and other advances			1,439,499				2,139,974
Derivative liabilities			23,855				39,918
Accrued liabilities			63,126				58,789
Notes payable			—				4,000
Total current liabilities			2,779,669				3,146,769
Notes payable			195				206
Deferred tax liabilities			14,651				14,615
Other liabilities			38,096				36,963
Total liabilities			2,832,611				3,198,553
Commitments and contingencies
Stockholders’ equity
Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of September 30, 2026 or June 30, 2026			—				—
Common stock, par value $0.01; 40,000,000 shares authorized; 29,256,451 and 29,121,293 shares issued and outstanding as of September 30, 2026 and June 30, 2026, respectively			293				292
Additional paid-in capital			353,869				351,545
Accumulated other comprehensive income			343				140
Retained earnings			490,031				523,736
Total Gold.com, Inc. stockholders’ equity			844,536				875,713
Noncontrolling interests			64,109				62,653
Total stockholders’ equity			908,645				938,366
Total liabilities and stockholders’ equity		$	3,741,256			$	4,136,919

GOLD.COM, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in thousands, except for share and per share data; unaudited)
		Three Months Ended September 30,
		2026				2025
Revenues		$	3,265,269			$	3,680,766
Cost of sales			3,175,652				3,607,869
Gross profit			89,617				72,897
Selling, general, and administrative expenses			(71,178	)			(59,822	)
Depreciation and amortization expense			(9,074	)			(7,583	)
Interest income			6,313				5,571
Interest expense			(12,475	)			(12,600	)
Earnings (losses) from equity method investments			482				(908	)
Other (expense) income, net			(688	)			2,233
Losses on foreign exchange			(829	)			(99	)
Net income (loss) before provision for income taxes			2,168				(311	)
Income tax benefit (expense)			17				(660	)
Net income (loss)			2,185				(971	)
Net income (loss) attributable to noncontrolling interests			583				(32	)
Net income (loss) attributable to the Company		$	1,602			$	(939	)
Basic and diluted net income (loss) per share attributable to Gold.com, Inc.:
Basic		$	0.05			$	(0.04	)
Diluted		$	0.05			$	(0.04	)
Weighted-average shares outstanding:
Basic			29,216,400				24,696,600
Diluted			29,743,200				24,696,600

GOLD.COM, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands; unaudited)
		Three Months Ended September 30,
		2026				2025
Cash flows from operating activities:
Net income (loss)		$	2,185			$	(971	)
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization			9,074				7,583
Amortization of loan cost			376				1,635
Share-based compensation			552				375
Losses (earnings) from equity method investments			(482	)			908
Other			1,378				(1,796	)
Changes in assets and liabilities:
Receivables, net			(4,223	)			(148,477	)
Derivative assets			26,640				(255,659	)
Income tax receivable			(4,013	)			3
Inventories			(75,844	)			56,451
Prepaid expenses and other assets			(128	)			(2,118	)
Accounts payable and other payables			105,726				57,772
Deferred revenue and other advances			(700,475	)			352,717
Derivative liabilities			(16,063	)			117,676
Liabilities on borrowed metals			17,722				12,598
Accrued liabilities			(1,009	)			(3,280	)
Net cash (used in) provided by operating activities			(638,584	)			195,417
Cash flows from investing activities:
Capital expenditures for property, plant, and equipment			(4,488	)			(1,974	)
Purchase of long-term investments			(1,632	)			—
Purchase of intangible assets			(4,099	)			—
Secured loans receivable, net			7,713				(9,590	)
Other			(1,311	)			155
Net cash used in investing activities			(3,817	)			(11,409	)
Cash flows from financing activities:
Product financing arrangements, net			225,651				(107,705	)
Dividends paid			(35,077	)			(4,984	)
Borrowings under lines of credit			549,000				371,000
Repayments under lines of credit			(549,000	)			(426,000	)
Proceeds from notes payable to related party			—				200
Debt funding issuance costs			(875	)			(2,641	)
Proceeds from the exercise of share-based awards			1,314				6
Payments for tax withholding related to net settlement of share-based awards			(89	)			—
Other			320				(2,404	)
Net cash provided by (used in) financing activities			191,244				(172,528	)
Net (decrease) increase in cash			(451,157	)			11,480
Cash, beginning of period			577,976				77,741
Cash, end of period		$	126,819			$	89,221

Overview of Results of Operations for the Three Months Ended September 30, 2026 and 2025 Consolidated Results of Operations The operating results for the three months ended September 30, 2026 and 2025 were as follows (in thousands, except per share data):
Three Months Ended September 30,		2026										2025										Change
		$					% of revenue					$					% of revenue					$					%
Revenues		$	3,265,269					100.000	%			$	3,680,766					100.000	%			$	(415,497	)				(11.3	%)
Gross profit			89,617					2.745	%				72,897					1.980	%			$	16,720					22.9	%
Selling, general, and administrative expenses			(71,178	)				(2.180	%)				(59,822	)				(1.625	%)			$	11,356					19.0	%
Depreciation and amortization expense			(9,074	)				(0.278	%)				(7,583	)				(0.206	%)			$	1,491					19.7	%
Interest income			6,313					0.193	%				5,571					0.151	%			$	742					13.3	%
Interest expense			(12,475	)				(0.382	%)				(12,600	)				(0.342	%)			$	(125	)				(1.0	%)
Earnings (losses) from equity method investments			482					0.015	%				(908	)				(0.025	%)			$	1,390					153.1	%
Other (expense) income, net			(688	)				(0.021	%)				2,233					0.061	%			$	(2,921	)				(130.8	%)
Losses on foreign exchange			(829	)				(0.025	%)				(99	)				(0.003	%)			$	730					737.4	%
Net income (loss) before provision for income taxes			2,168					0.066	%				(311	)				(0.008	%)			$	2,479					797.1	%
Income tax benefit (expense)			17					0.001	%				(660	)				(0.018	%)			$	677					102.6	%
Net income (loss)			2,185					0.067	%				(971	)				(0.026	%)			$	3,156					325.0	%
Net income (loss) attributable to noncontrolling interests			583					0.018	%				(32	)				(0.001	%)			$	615					1,921.9	%
Net income (loss) attributable to the Company		$	1,602					0.049	%			$	(939	)				(0.026	%)			$	2,541					270.6	%
Basic and diluted net income (loss) per share attributable to Gold.com, Inc.:
Basic		$	0.05									$	(0.04	)								$	0.09					225.0	%
Diluted		$	0.05									$	(0.04	)								$	0.09					225.0	%

Reconciliation of U.S. GAAP to Non-GAAP Measures for the Three Months Ended September 30, 2026 and 2025

A reconciliation of net income (loss) before provision for income taxes to adjusted net income before provision for income taxes for the three months ended September 30, 2026 and 2025 follows (in thousands):

Three Months Ended September 30,		2026				2025				Change
		$				$				$					%
Net income (loss) before provision for income taxes		$	2,168			$	(311	)		$	2,479					797.1	%
Adjustments:
Contingent consideration fair value adjustment			1,803				(2,461	)		$	4,264					173.3	%
Acquisition costs			197				61			$	136					223.0	%
Amortization of acquired intangibles			5,874				5,202			$	672					12.9	%
Depreciation expense			3,200				2,381			$	819					34.4	%
Adjusted net income before provision for income taxes (non-GAAP)		$	13,242			$	4,872			$	8,370					171.8	%

A reconciliation of net income (loss) to EBITDA, and operating cash flows to EBITDA for the three months ended September 30, 2026 and 2025 follows (in thousands):

Three Months Ended September 30,		2026				2025				Change
Reconciliation of Net Income (Loss) to EBITDA:		$				$				$				%
Net income (loss)		$	2,185			$	(971	)		$	3,156				325.0	%
Adjustments:
Interest income			(6,313	)			(5,571	)		$	742				13.3	%
Interest expense			12,475				12,600			$	(125	)			(1.0	%)
Amortization of acquired intangibles			5,874				5,202			$	672				12.9	%
Depreciation expense			3,200				2,381			$	819				34.4	%
Income tax (benefit) expense			(17	)			660			$	(677	)			(102.6	%)
			15,219				15,272			$	(53	)			(0.3	%)
Earnings before interest, taxes, depreciation, and amortization (non-GAAP)		$	17,404			$	14,301			$	3,103				21.7	%
Reconciliation of Operating Cash Flows to EBITDA:
Net cash (used in) provided by operating activities		$	(638,584	)		$	195,417			$	(834,001	)			(426.8	%)
Changes in operating working capital			651,667				(187,683	)		$	839,350				447.2	%
Interest expense			12,475				12,600			$	(125	)			(1.0	%)
Interest income			(6,313	)			(5,571	)		$	742				13.3	%
Income tax (benefit) expense			(17	)			660			$	(677	)			(102.6	%)
Earnings (losses) from equity method investments			482				(908	)		$	1,390				153.1	%
Share-based compensation			(552	)			(375	)		$	177				47.2	%
Amortization of loan cost			(376	)			(1,635	)		$	(1,259	)			(77.0	%)
Other			(1,378	)			1,796			$	(3,174	)			(176.7	%)
Earnings before interest, taxes, depreciation, and amortization (non-GAAP)		$	17,404			$	14,301			$	3,103				21.7	%

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Gold.com's fiscal first-quarter 2027 earnings?

Gold.com earned $1.6 million, or $0.05 per diluted share, in the quarter ended September 30, 2026. That compared with a $0.9 million net loss and a $0.04 diluted loss per share a year earlier. In the preceding quarter, net income was $12.2 million and diluted earnings were $0.41 per share.

How much is Gold.com's declared quarterly cash dividend?

Gold.com declared a quarterly cash dividend of $0.20 per share.

Why did Gold.com's fiscal first-quarter 2027 revenue decline despite higher metals sales?

A $1.368 billion decrease in forward sales accompanied the reported revenue decline. Excluding that decrease, revenue increased $0.953 billion, or 51%, year over year. The company attributed that increase to higher average gold and silver selling prices and more ounces sold; the Monex and SMI acquisitions also added revenue.

What drove Gold.com's increase in new direct-to-consumer customers?

Gold.com attributed the year-over-year increase primarily to the January 2026 Monex acquisition and JM Bullion's activity. New direct-to-consumer customers include people who registered, opened an account or purchased for the first time during the quarter; the measure is not limited to purchasers.