STOCK TITAN

Gold.com (NYSE: GOLD) soars on $10.35B Q3 revenue and Tether deal

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Gold.com, Inc. delivered a very strong fiscal third quarter 2026, with results boosted by record metal prices, acquisitions and a new strategic partner. Revenue jumped to $10.351 billion, net income reached $59.5 million, and diluted EPS was $2.09, reversing a loss a year ago. EBITDA rose to $103.4 million, and nine‑month revenue climbed to $20.508 billion with net income of $70.2 million.

The company highlighted contributions from its acquisitions, including Monex, and upcoming added capacity from Sunshine Mint. Gold.com also closed a $150 million equity investment from Tether’s affiliate TPM and bought $20 million of Tether’s gold‑backed stablecoin. The board declared a $0.20 per‑share quarterly cash dividend.

Positive

  • Explosive revenue and profit growth: Q3 FY 2026 revenue rose 244% to $10.351 billion, EBITDA increased 7,939% to $103.4 million, and diluted EPS improved to $2.09 from a prior-year loss.
  • Strategic capital and digital-gold partnership: Tether affiliate TPM invested $150.0 million for 3,370,787 shares at $44.50 per share, alongside $20.0 million in Tether’s gold-backed stablecoin, expanding Gold.com’s reach into digital assets.
  • Improving scale and shareholder returns: Stockholders’ equity reached $906.9 million as of March 31, 2026, while the board maintained a quarterly cash dividend of $0.20 per share.

Negative

  • None.

Insights

Gold.com posted exceptional growth and profitability, supported by acquisitions and a new Tether partnership.

Gold.com reported Q3 FY 2026 revenue of $10.351 billion, up 244% year over year, with net income of $59.5 million versus a prior loss. Diluted EPS was $2.09, and EBITDA surged to $103.4 million, reflecting strong pricing and higher gold and silver volumes.

Acquisitions (SGI, Pinehurst, AMS, Monex) and the Direct‑to‑Consumer segment meaningfully lifted gross profit, while SG&A rose with higher compensation, advertising, and integration costs. Despite increased interest expense, margin expansion and scale drove much stronger earnings and non‑GAAP metrics such as adjusted net income before taxes of $87.1 million.

The equity investment by Tether affiliate TPM—3,370,787 shares at $44.50 per share for $150.0 million—plus $20.0 million invested in Tether’s gold‑backed stablecoin tie Gold.com’s physical metals platform to digital assets. With total stockholders’ equity of $906.9 million as of March 31 2026 and a maintained $0.20 quarterly dividend, the company emphasizes balance sheet strength and shareholder returns.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q3 2026 Revenue $10.351 billion Revenue for three months ended March 31, 2026 vs $3.009 billion in 2025
Q3 2026 Net Income $59.5 million Net income attributable to the Company for quarter vs $(8.5) million in 2025
Q3 2026 Diluted EPS $2.09 per share Diluted earnings (loss) per share vs $(0.36) in prior-year quarter
Q3 2026 EBITDA $103.4 million EBITDA for three months ended March 31, 2026 vs $1.3 million in 2025
Nine-month 2026 Revenue $20.508 billion Revenues for nine months ended March 31, 2026 vs $8.467 billion in 2025
Tether Equity Investment $150.0 million TPM purchase of 3,370,787 shares at $44.50 per share
Quarterly Dividend $0.20 per share Cash dividend declared payable June 1, 2026 to holders of record May 20, 2026
Stockholders’ Equity $906.9 million Total stockholders’ equity as of March 31, 2026
EBITDA financial
"Earnings before interest, taxes, depreciation and amortization (“EBITDA”), a non-GAAP liquidity measure, for the three months ended March 31, 2026"
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.
adjusted net income before provision for income taxes financial
"Adjusted net income before provision for income taxes, a non-GAAP financial performance measure, for the three months ended March 31, 2026"
forward sales financial
"Excluding an increase of $4.371 billion of forward sales, our revenues increased $2.971 billion"
contingent consideration fair value adjustment financial
"Contingent consideration fair value adjustment of $(4,436) and $(1,000) in the reconciliation"
non-GAAP financial
"Non-GAAP measures do not have standardized definitions and should be considered in addition to U.S. GAAP"
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.
derivative assets financial
"Derivative assets were $434,798 and derivative liabilities were $47,166 as of March 31, 2026"
Derivative assets are financial contracts whose value is tied to the price or performance of another asset, like a stock, bond, commodity, interest rate, or index — think of them as a bet or an insurance policy on how that underlying item will move. They matter to investors because they let you hedge risk, gain exposure with less capital, or speculate on price swings, but they can also magnify losses and create liquidity or counterparty risk if the other party can’t meet obligations.
Revenue $10.351 billion +244% YoY
Net income attributable to the Company $59.5 million from $(8.5) million YoY
Diluted EPS $2.09 from $(0.36) YoY
EBITDA $103.4 million +7,939% YoY
Adjusted net income before income taxes $87.1 million +1,415% YoY
false0001591588GOLD.COM, INC.00015915882026-05-062026-05-06

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 06, 2026

 

 

img235491981_0.jpg

GOLD.COM, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-36347

11-2464169

(State or Other Jurisdiction
of Incorporation or organization)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

1550 Scenic Avenue

Suite 150

 

Costa Mesa, California

 

92626

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 844 455-4653

 

 

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading Symbol(s)

 


Name of each exchange on which registered

Common Stock, $0.01 par value

 

GOLD

 

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 2.02. Results of Operations and Financial Condition.

On May 6, 2026, Gold.com, Inc. (the “Company”) issued a press release regarding the Company’s financial results for its fiscal third quarter ended March 31, 2026. A copy of the Company’s press release is attached hereto as Exhibit 99.1.

The information contained in this Item 2.02 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits:

Exhibit

 

Description

99.1

 

Press Release issued by Gold.com, Inc., dated May 6, 2026.

104

 

Inline XBRL for the cover page of this Current Report on Form 8-K.

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

GOLD.COM, INC.

 

 

 

 

Date:

May 6, 2026

By:

/s/ Carol Meltzer

 

 

Name:

Title:

Carol Meltzer
General Counsel and Secretary

 

 


Exhibit 99.1

img27928837_0.gif

 

Gold.com Reports Fiscal Third Quarter 2026 Results

 

Q3 FY 2026 Diluted Earnings Per Share of $2.09

$59.5 Million in Net Income and $103.4 Million in non-GAAP EBITDA in Q3 FY 2026

Company Announces Quarterly Cash Dividend

 

Costa Mesa, CA – May 6, 2026 – 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 third quarter ended March 31, 2026.

 

Management Commentary

“Our third quarter results reflect the strength of our fully-integrated platform and our ability to capitalize on strong market conditions,” said Gold.com CEO Greg Roberts. “During the quarter, we benefitted from record-breaking metal prices and elevated market volatility, resulting in net income of $59.5 million and diluted earnings per share of $2.09. We successfully navigated these unprecedented market conditions and spike in demand by quickly scaling inventory and production levels at our mints and by leveraging our balance sheet.

 

“Operationally, we remained focused on driving synergies across our business units and maximizing efficiencies at every level. Our acquisition of Monex at the beginning of the quarter is already delivering strong returns, and the addition of Sunshine Mint at the beginning of the fourth quarter will meaningfully expand our production capabilities going forward. The favorable market conditions we experienced this quarter were global, with LPM continuing to build momentum across Asia, and JMB reporting record performance domestically, reinforcing the breadth of our platform.

 

“As previously disclosed, on February 4, 2026, the Company entered into a Securities Purchase Agreement with TPM, S.A. de C.V. ("TPM"), a controlled subsidiary of Tether Global Investments Fund, S.I.C.A.F., S.A. ("Tether"), whereby Tether via TPM agreed to purchase an aggregate of 3,370,787 shares of the Company’s common stock at a price of $44.50 per share, for an aggregate purchase price of $150.0 million. The first tranche of the shares was purchased on February 6, 2026, corresponding to 2,840,449 shares for a purchase price of $126.4 million. Following receipt of regulatory clearance, the second tranche of 530,338 shares was purchased on May 5, 2026, for a purchase price of $23.6 million. The Company also entered into storage, metals leasing and trading agreements with Tether affiliates and purchased $20.0 million of Tether’s gold-backed stablecoin (“XAUT”). This partnership is a powerful validation of our vertically integrated model and opens an exciting new frontier, bridging our 60+ year legacy in physical precious metals with the emerging world of digital gold and stablecoins. Together, we believe we can build a global integrated gold ecosystem that serves both retail and institutional customers across physical and digital markets.

 

“Looking ahead, with an expanded portfolio of category-leading brands, improved operational leverage, nearly $1 billion in shareholder equity, and deep experience across DTC and wholesale channels, Gold.com is positioned to capture growth across multiple markets and to continue to deliver long-term value for our shareholders.”

 

 


 

 

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

 

2025

 

 

 

 

(in thousands, except Earnings (Loss) per Share)

 

 

 

 

 

 

 

 

 

 

 

Selected Key Financial Statement Metrics:

 

 

 

 

 

 

 

 

Revenues

 

$

10,350,729

 

$

3,009,125

 

 

Gross profit

 

$

176,580

 

$

41,017

 

 

Depreciation and amortization expense

 

$

(9,416

)

$

(4,996

)

 

Net income (loss) attributable to the Company

 

$

59,487

 

$

(8,546

)

 

 

 

 

 

 

 

 

 

 

Earnings (Loss) per Share

 

 

 

 

 

 

 

 

Basic

 

$

2.17

 

 

 

$

(0.36

)

 

Diluted

 

$

2.09

 

 

 

$

(0.36

)

 

 

 

 

 

 

 

 

 

 

Non-GAAP Measures (1):

 

 

 

 

 

 

 

 

Adjusted net income before provision for income taxes

 

$

87,111

 

 

 

$

5,749

 

 

EBITDA

 

$

103,382

 

 

 

$

1,286

 

 

 

 

 

 

 

 

 

 

 

(1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below and on pages 23-25

 

 

 

 

 

 

 

 

 

 

 

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 March 31, 2026 and 2025 follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) before provision for income taxes

 

$

81,753

 

 

 

$

(9,939

)

 

Adjustments:

 

 

 

 

 

 

 

 

Remeasurement loss on pre-existing equity interest

 

 

 

 

 

 

7,043

 

 

Contingent consideration fair value adjustment

 

 

(4,436

)

 

 

 

(1,000

)

 

Acquisition costs

 

 

378

 

 

 

 

4,649

 

 

Amortization of acquired intangibles

 

 

6,975

 

 

 

 

4,004

 

 

Depreciation expense

 

 

2,441

 

 

 

 

992

 

 

Adjusted net income before provision for income taxes (non-GAAP)

 

$

87,111

 

 

 

$

5,749

 

 

 

 

 

 

 

 

 

 

 

 

 

2


 

 

 

 

Three Months Ended

 

 

 

March 31, 2026

 

 

 

December 31, 2025

 

 

 

 

(in thousands, except Earnings per Share)

 

 

 

 

 

 

 

 

 

 

 

Selected Key Financial Statement Metrics:

 

 

 

 

 

 

 

 

Revenues

 

$

10,350,729

 

$

6,476,900

 

 

Gross profit

 

$

176,580

 

$

93,370

 

 

Depreciation and amortization expense

 

$

(9,416

)

$

(7,638

)

 

Net income attributable to the Company

 

$

59,487

 

$

11,636

 

 

 

 

 

 

 

 

 

 

 

Earnings per Share:

 

 

 

 

 

 

 

 

Basic

 

$

2.17

 

 

 

$

0.47

 

 

Diluted

 

$

2.09

 

 

 

$

0.46

 

 

 

 

 

 

 

 

 

 

 

Non-GAAP Measures (1):

 

 

 

 

 

 

 

 

Adjusted net income before provision for income taxes

 

$

87,111

 

 

 

$

23,216

 

 

EBITDA

 

$

103,382

 

 

 

$

33,879

 

 

 

 

 

 

 

 

 

 

 

(1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below and on pages 23-25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the three months ended March 31, 2026 and December 31, 2025 follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

March 31, 2026

 

 

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

Net income before provision for income taxes

 

$

81,753

 

 

 

$

15,777

 

 

Adjustments:

 

 

 

 

 

 

 

 

Contingent consideration fair value adjustment

 

 

(4,436

)

 

 

 

(320

)

 

Acquisition costs

 

 

378

 

 

 

 

121

 

 

Amortization of acquired intangibles

 

 

6,975

 

 

 

 

5,181

 

 

Depreciation expense

 

 

2,441

 

 

 

 

2,457

 

 

Adjusted net income before provision for income taxes (non-GAAP)

 

$

87,111

 

 

 

$

23,216

 

 

 

 

 

 

 

 

 

 

 

 

 

3


 

 

Fiscal Third Quarter 2026 Financial Highlights

Revenues for the three months ended March 31, 2026 increased 244% to $10.351 billion from $3.009 billion for the three months ended March 31, 2025, and increased 60% from $6.477 billion for the three months ended December 31, 2025
Gross profit for the three months ended March 31, 2026 increased 331% to $176.6 million from $41.0 million for the three months ended March 31, 2025, and increased 89% from $93.4 million for the three months ended December 31, 2025
Gross profit margin for the three months ended March 31, 2026 increased to 1.71% of revenue, from 1.36% of revenue for the three months ended March 31, 2025, and increased from 1.44% of revenue for the three months ended December 31, 2025
Net income (loss) attributable to the Company for the three months ended March 31, 2026 increased 796% to $59.5 million from $(8.5) million for the three months ended March 31, 2025, and increased 411% from net income of $11.6 million for the three months ended December 31, 2025
Diluted earnings (loss) per share totaled $2.09 for the three months ended March 31, 2026, a 681% increase compared to $(0.36) for the three months ended March 31, 2025, and increased 354% from $0.46 for the three months ended December 31, 2025
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 March 31, 2026 increased 1,415% to $87.1 million from $5.7 million for the three months ended March 31, 2025, and increased 275% from $23.2 million for the three months ended December 31, 2025
Earnings before interest, taxes, depreciation and amortization (“EBITDA”), a non-GAAP liquidity measure, for the three months ended March 31, 2026 increased 7,939% to $103.4 million from $1.3 million for the three months ended March 31, 2025, and increased 205% from $33.9 million for the three months ended December 31, 2025

 

 

4


 

 

 

 

 

Nine Months Ended March 31,

 

 

 

2026

 

 

 

2025

 

 

 

 

(in thousands, except Earnings per Share)

 

 

 

 

 

 

 

 

 

 

 

Selected Key Financial Statement Metrics:

 

 

 

 

 

 

 

 

Revenues

 

$

20,508,395

 

$

8,466,566

 

 

Gross profit

 

$

342,847

 

$

129,227

 

 

Depreciation and amortization expense

 

$

(24,637

)

$

(14,344

)

 

Net income attributable to the Company

 

$

70,184

 

$

6,996

 

 

 

 

 

 

 

 

 

 

 

Earnings per Share:

 

 

 

 

 

 

 

 

Basic

 

$

2.74

 

$

0.30

 

 

Diluted

 

$

2.65

 

$

0.29

 

 

 

 

 

 

 

 

 

 

 

Non-GAAP Measures (1):

 

 

 

 

 

 

 

 

Adjusted net income before provision for income taxes

 

$

115,199

 

 

 

$

33,896

 

 

EBITDA

 

$

151,562

 

 

 

$

35,292

 

 

 

 

 

 

 

 

 

 

 

(1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below and on pages 23-25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the nine months ended March 31, 2026 and 2025 follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended March 31,

 

 

 

2026

 

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

Net income before provision for income taxes

 

$

97,219

 

 

 

$

8,250

 

 

Adjustments:

 

 

 

 

 

 

 

 

Remeasurement gain on pre-existing equity interests

 

 

 

 

 

 

7,043

 

 

Contingent consideration fair value adjustment

 

 

(7,217

)

 

 

 

(1,130

)

 

Acquisition costs

 

 

560

 

 

 

 

5,389

 

 

Amortization of acquired intangibles

 

 

17,358

 

 

 

 

11,658

 

 

Depreciation expense

 

 

7,279

 

 

 

 

2,686

 

 

Adjusted net income before provision for income taxes (non-GAAP)

 

$

115,199

 

 

 

$

33,896

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5


 

 

Fiscal Nine Months 2026 Financial Highlights

 

Revenues for the nine months ended March 31, 2026 increased 142% to $20.508 billion from $8.467 billion for the nine months ended March 31, 2025
Gross profit for the nine months ended March 31, 2026 increased 165% to $342.8 million from $129.2 million for the nine months ended March 31, 2025
Gross profit margin for the nine months ended March 31, 2026 increased to 1.67% of revenue from 1.53% of revenue for the nine months ended March 31, 2025
Net income attributable to the Company for the nine months ended March 31, 2026 increased 903% to $70.2 million from $7.0 million for the nine months ended March 31, 2025
Diluted earnings per share totaled $2.65 for the nine months ended March 31, 2026, a 814% increase compared to $0.29 for the nine months ended March 31, 2025
Adjusted net income before provision for income taxes for the nine months ended March 31, 2026 totaled $115.2 million, a 240% increase from $33.9 million for the nine months ended March 31, 2025
EBITDA for the nine months ended March 31, 2026 increased 329% to $151.6 million from $35.3 million for the nine months ended March 31, 2025

 

 

6


 

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

 

2025

 

 

Selected Operating and Financial Metrics:

 

 

Gold ounces sold (1)

 

527,000

 

 

432,000

 

Silver ounces sold (2)

 

29,220,000

 

 

15,702,000

 

Number of secured loans at period end (3)

 

337

 

 

491

 

Secured loans receivable at period end

 

$

126,034,000

 

$

86,512,000

 

 

Direct-to-Consumer ("DTC") number of new customers (4)

 

292,900

 

 

899,600

 

Direct-to-Consumer number of active customers (5)

 

246,000

 

 

140,700

 

Direct-to-Consumer number of total customers (6)

 

4,654,400

 

 

4,087,100

 

Direct-to-Consumer average order value ("AOV") (7)

$

5,618

 

$

3,084

 

JM Bullion ("JMB") average order value (8)

$

3,056

 

$

1,994

 

CyberMetals number of new customers (9)

 

1,300

 

 

2,100

 

CyberMetals number of active customers (10)

 

2,200

 

 

1,700

 

CyberMetals number of total customers (11)

 

41,300

 

 

35,100

 

CyberMetals customer assets under management at period end (12)

$

20,100,000

 

$

9,700,000

 

 

 

 

 

(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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026.

(8) JMB AOV represents the average dollar value of product orders delivered to JMB's customers during the period.

(9) CyberMetals number of new customers represents the number of customers that have registered or set up a new account or have made a purchase for the first time during the period on the CyberMetals platform.

(10) CyberMetals number of active customers represents the number of customers that have made a purchase during any month during the period from the CyberMetals platform.

(11) CyberMetals 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 from the CyberMetals platform.

(12) CyberMetals customer assets under management represents the total value of assets managed by the Company on behalf of CyberMetals customers.

 

 

7


 

 

 

 

 

Three Months Ended

 

 

 

March 31, 2026

 

 

 

December 31, 2025

 

 

Selected Operating and Financial Metrics:

 

 

Gold ounces sold (1)

 

527,000

 

 

545,000

 

Silver ounces sold (2)

 

29,220,000

 

 

18,635,000

 

Number of secured loans at period end (3)

 

337

 

 

355

 

Secured loans receivable at period end

 

$

126,034,000

 

$

120,351,000

 

 

Direct-to-Consumer ("DTC") number of new customers (4)

 

292,900

 

 

96,100

 

Direct-to-Consumer number of active customers (5)

 

246,000

 

 

229,100

 

Direct-to-Consumer number of total customers (6)

 

4,654,400

 

 

4,361,500

 

Direct-to-Consumer average order value ("AOV") (7)

$

5,618

 

$

4,824

 

JM Bullion ("JMB") average order value (8)

$

3,056

 

$

2,637

 

CyberMetals number of new customers (9)

 

1,300

 

 

1,400

 

CyberMetals number of active customers (10)

 

2,200

 

 

1,900

 

CyberMetals number of total customers (11)

 

41,300

 

 

40,000

 

CyberMetals customer assets under management at period end (12)

$

20,100,000

 

$

18,900,000

 

 

 

 

 

(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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026.

(8) JMB AOV represents the average dollar value of product orders delivered to JMB's customers during the period.

(9) CyberMetals number of new customers represents the number of customers that have registered or set up a new account or have made a purchase for the first time during the period on the CyberMetals platform.

(10) CyberMetals number of active customers represents the number of customers that have made a purchase during any month during the period from the CyberMetals platform.

(11) CyberMetals 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 from the CyberMetals platform.

(12) CyberMetals customer assets under management represents the total value of assets managed by the Company on behalf of CyberMetals customers.

 

 

 

8


 

 

Fiscal Third Quarter 2026 Operational Highlights

Gold ounces sold in the three months ended March 31, 2026 increased 22% to 527,000 ounces from 432,000 ounces for the three months ended March 31, 2025, and decreased 3% from 545,000 ounces for the three months ended December 31, 2025
Silver ounces sold in the three months ended March 31, 2026 increased 86% to 29.2 million ounces from 15.7 million ounces for the three months ended March 31, 2025, and increased 57% from 18.6 million ounces for the three months ended December 31, 2025
As of March 31, 2026, the number of secured loans decreased 31% to 337 from 491 as of March 31, 2025, and decreased 5% from 355 as of December 31, 2025
Direct-to-Consumer new customers for the three months ended March 31, 2026 decreased 67% to 292,900 from 899,600 for the three months ended March 31, 2025, and increased 205% from 96,100 for the three months ended December 31, 2025. For the three months ended March 31, 2026, approximately 58% of the new customers were attributable to the acquisition of Monex. For the three months ended March 31, 2025, approximately 93% of the new customers were attributable to the acquisitions of Pinehurst and SGI
Direct-to-Consumer active customers for the three months ended March 31, 2026 increased 75% to 246,000 from 140,700 for the three months ended March 31, 2025, and increased 7% from 229,100 for the three months ended December 31, 2025
Direct-to-Consumer average order value for the three months ended March 31, 2026 increased $2,534, or 82% to $5,618 from $3,084 for the three months ended March 31, 2025, and increased $794, or 16% from $4,824 for the three months ended December 31, 2025
JM Bullion’s average order value for the three months ended March 31, 2026 increased $1,062, or 53% to $3,056 from $1,994 for the three months ended March 31, 2025, and increased $419, or 16% from $2,637 for the three months ended December 31, 2025

 

 

9


 

 

 

 

Nine Months Ended March 31,

 

 

 

2026

 

 

 

2025

 

 

Selected Operating and Financial Metrics:

 

 

Gold ounces sold (1)

 

1,511,000

 

 

1,296,000

 

Silver ounces sold (2)

 

58,246,000

 

 

57,979,000

 

Number of secured loans at period end (3)

 

337

 

 

491

 

Secured loans receivable at period end

 

$

126,034,000

 

$

86,512,000

 

 

Direct-to-Consumer ("DTC") number of new customers (4)

 

458,400

 

 

1,020,300

 

Direct-to-Consumer number of active customers (5)

 

622,400

 

 

410,700

 

Direct-to-Consumer number of total customers (6)

 

4,654,400

 

 

4,087,100

 

Direct-to-Consumer average order value ("AOV") (7)

$

4,970

 

$

3,080

 

JM Bullion ("JMB") average order value (8)

$

2,811

 

$

2,077

 

CyberMetals number of new customers (9)

 

4,400

 

 

5,600

 

CyberMetals number of active customers (10)

 

5,916

 

 

5,100

 

CyberMetals number of total customers (11)

 

41,300

 

 

35,100

 

CyberMetals customer assets under management at period end (12)

$

20,100,000

 

$

9,700,000

 

 

 

 

 

(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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and 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 SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026.

(8) JMB AOV represents the average dollar value of product orders delivered to JMB's customers during the period.

(9) CyberMetals number of new customers represents the number of customers that have registered or set up a new account or have made a purchase for the first time during the period on the CyberMetals platform.

(10) CyberMetals number of active customers represents the number of customers that have made a purchase during any month during the period from the CyberMetals platform.

(11) CyberMetals 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 from the CyberMetals platform.

(12) CyberMetals customer assets under management represents the total value of assets managed by the Company on behalf of CyberMetals customers.

 

 

10


 

 

Fiscal Nine Months 2026 Operational Highlights

 

Gold ounces sold in the nine months ended March 31, 2026 increased 17% to 1.5 million ounces from 1.3 million ounces for the nine months ended March 31, 2025
Silver ounces sold in the nine months ended March 31, 2026 increased 0.5% to 58.2 million ounces from 58.0 million ounces for the nine months ended March 31, 2025
Direct-to-Consumer new customers for the nine months ended March 31, 2026 decreased 55% to 458,400 from 1,020,300 for the nine months ended March 31, 2025. Approximately 37% of the new customers for the nine months ended March 31, 2026 were attributable to the acquisition of Monex. Approximately 82% of the new customers for the nine months ended March 31, 2025 were attributable to the acquisitions of SGI and Pinehurst
Direct-to-Consumer active customers for the nine months ended March 31, 2026 increased 52% to 622,400 from 410,700 for the nine months ended March 31, 2025
Direct-to-Consumer average order value for the nine months ended March 31, 2026 increased $1,890, or 61% to $4,970 from $3,080 for the nine months ended March 31, 2025
JM Bullion’s average order value for the nine months ended March 31, 2026 increased $734, or 35% to $2,811 from $2,077 for the nine months ended March 31, 2025

 

 

11


 

 

Fiscal Third Quarter 2026 Financial Summary

Revenues increased 244% to $10.351 billion from $3.009 billion in the same year-ago quarter. Excluding an increase of $4.371 billion of forward sales, our revenues increased $2.971 billion, or 186.5%, 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 SGI and Pinehurst in February 2025, AMS in April 2025, and Monex in January 2026.

 

Gross profit increased 331% to $176.6 million (1.71% of revenue) from $41.0 million (1.36% 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 SGI, Pinehurst, AMS, and Monex, which were not fully included in the same year-ago period. The Direct-to-Consumer segment contributed 67% and 61% of the consolidated gross profit in the fiscal third quarters of 2026 and 2025, respectively. Gross profit contributed by JMB represented 27% of the consolidated gross profit in the fiscal third quarter of 2026 and 40% of the consolidated gross profit for the prior year fiscal third quarter.

 

Selling, general and administrative expenses increased 134% to $78.0 million from $33.4 million in the same year-ago quarter. The change was primarily due to an increase in compensation expense (including performance-based accruals) of $27.1 million, higher advertising costs of $7.6 million, an increase in insurance costs of $4.5 million, an increase in bank service and credit card fees of $1.9 million, and an increase in facilities expense of $1.2 million. Selling, general and administrative expenses for the three months ended March 31, 2026 included $33.0 million of expenses incurred by SGI, Pinehurst, AMS, and Monex, which were not included in the same year-ago period, as they were not consolidated subsidiaries for the full period. Excluding the increase from newly acquired subsidiaries, our selling, general and administrative expenses increased $11.6 million from the prior year period.

 

Depreciation and amortization expense increased 88% to $9.4 million from $5.0 million in the same year-ago quarter. The change was primarily due to an increase in amortization expense of $4.6 million relating to an increase in intangible asset amortization from intangible assets acquired through our acquisitions of SGI, Pinehurst, AMS, and Monex, and an increase in depreciation expense of $1.5 million due to an increase in capital expenditures, partially offset by a decrease of $1.6 million in JMB and SGB intangible asset amortization.

 

Interest income increased 1% to $6.8 million from $6.7 million in the same year-ago quarter. The aggregate increase in interest income was due to an increase in interest income earned by our Secured Lending segment of $0.5 million, partially offset by a decrease in other finance product income of $0.5 million.

 

Interest expense increased 47% to $19.0 million from $13.0 million in the same year-ago quarter. The increase in interest expense was primarily due to higher interest and fees of $3.0 million related to product financing arrangements due to higher interest rates and higher overall borrowings, an increase of $2.6 million related to precious metals leases driven by higher overall borrowings, partially offset by a decrease in interest rates, and an increase of $0.3 million associated with our Trading Credit Facility due to increased borrowings, partially offset by a decrease in interest rates.

 

Earnings (losses) from equity method investments increased 1,115% to earnings of $2.3 million from a loss of $0.2 million in the same year-ago quarter. The increase was due to increased earnings of our equity method investees.

 

Net income attributable to the Company totaled $59.5 million or $2.09 per diluted share, compared to a net loss of $8.5 million or $0.36 per diluted share in the same year-ago quarter.

 

Adjusted net income before provision for income taxes for the three months ended March 31, 2026 totaled $87.1 million, an increase of $81.4 million or 1,415% compared to $5.7 million in the same year-ago quarter.

 

 

12


 

 

EBITDA for the three months ended March 31, 2026 totaled $103.4 million, an increase of $102.1 million or 7,939% compared to $1.3 million in the same year-ago quarter.

 

Fiscal Nine Months 2026 Financial Summary

 

Revenues increased 142% to $20.508 billion from $8.467 billion in the same year-ago period. Excluding an increase of $7.427 billion of forward sales, our revenues increased $4.615 billion, or 95.0%, 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 SGI and Pinehurst in February 2025, AMS in April 2025, and Monex in January 2026.

 

Gross profit increased 165% to $342.8 million (1.67% of revenue) from $129.2 million (1.53% of revenue) in the same year-ago period. 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 SGI, Pinehurst, AMS, and Monex which were not fully included in the same year-ago period. The Direct-to-Consumer segment contributed 70% and 57% of the consolidated gross profit for the nine months ended March 31, 2026 and 2025, respectively. Gross profit contributed by JMB represented 26% and 38% of the consolidated gross profit for the nine months ended March 31, 2026 and 2025, respectively.

 

Selling, general and administrative expenses increased 130% to $197.6 million from $85.8 million in the same year-ago period. The change was primarily due to an increase in compensation expense (including performance-based accruals) of $68.2 million, higher advertising costs of $17.6 million, an increase in consulting and professional fees of $6.5 million, an increase in insurance costs of $6.1 million, an increase in bank service and credit card fees of $4.5 million, and an increase in facilities expense of $3.8 million. Selling, general and administrative expenses for the nine months ended March 31, 2026 included $93.1 million of expenses incurred by SGI, and Pinehurst, AMS, and Monex, which were not included in the same year-ago period as these were not consolidated subsidiaries for the full period. Excluding the increase from newly acquired subsidiaries, our selling, general and administrative expenses increased $18.8 million from the prior year period.

 

Depreciation and amortization expense increased 72% to $24.6 million from $14.3 million in the same year-ago period. The change was primarily due to an increase in amortization expense of $10.9 million relating to an increase in intangible asset amortization from intangible assets acquired through our acquisitions of SGI, Pinehurst, AMS, and Monex, and an increase in depreciation expense of $4.6 million due to an increase in capital expenditures, partially offset by a decrease of $5.2 million in JMB and SGB intangible asset amortization.

 

Interest income decreased 12% to $18.2 million from $20.6 million in the same year-ago period. The aggregate decrease in interest income was due to a decrease in other finance product income of $2.6 million, partially offset by an increase in interest income earned by our Secured Lending segment of $0.2 million.

 

Interest expense increased 44% to $47.9 million from $33.3 million in the same year-ago period. The increase in interest expense was primarily due to higher interest and fees of $7.2 million related to product financing arrangements due to higher interest rates and higher overall borrowings, an increase of $5.8 million related to precious metals leases driven by higher overall borrowings, partially offset by a decrease in interest rates, and an increase of $1.0 million associated with our Trading Credit Facility due to increased borrowings, partially offset by a decrease in interest rates.

 

Earnings (losses) from equity method investments increased 215% to earnings of $2.4 million from a loss of $2.1 million in the same year-ago period. The increase was due to increased earnings of our equity method investees.

 

Net income attributable to the Company totaled $70.2 million or $2.65 per diluted share, compared to net income of $7.0 million or $0.29 per diluted share in the same year-ago period.

 

 

13


 

 

Adjusted net income before provision for income taxes for the nine months ended March 31, 2026 totaled $115.2 million, an increase of $81.3 million or 240% compared to $33.9 million for the nine months ended March 31, 2025.

 

EBITDA for the nine months ended March 31, 2026 totaled $151.6 million, an increase of $116.3 million or 329% compared to $35.3 million in the same year-ago period.

 

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 June 1, 2026 to stockholders of record as of May 20, 2026.

 

Conference Call

 

Gold.com will hold a conference call today (May 6, 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/2867/53877

U.S. dial-in number: 1-888-506-0062

International number: 1-973-528-0011

Participant Access Code: 159685

 

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 1-949-574-3860.

 

A replay of the call will be available after 7:30 p.m. Eastern time through May 20, 2026.

 

Toll-free replay number: 1-877-481-4010

International replay number: 1-919-882-2331

Participant Access Code: 53877

 

About Gold.com, Inc.


Gold.com builds on gold’s storied history and heritage to define the future of alternative asst 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.

 

 

14


 

 

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 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.

 

 

15


 

 

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 four amounts: 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 March 31, 2026.

Company Contact:

Steve Reiner, Executive Vice President, Capital Markets & Investor Relations

Gold.com, Inc.

1-310-587-1410

sreiner@gold.com

Investor Relations Contact:

Matt Glover or Greg Bradbury

Gateway Group, Inc.

1-949-574-3860

GOLD@gateway-grp.com

Media Relations Contact

ICR for Gold.com

GOLD@icrinc.com

 

 

16


 

 


 

GOLD.COM, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except for share data)

 

 

 

March 31, 2026

 

 

June 30, 2025

 

 

 

(unaudited)

 

 

 

 

ASSETS

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

Cash

 

$

143,607

 

 

$

77,741

 

Receivables, net

 

 

168,362

 

 

 

137,723

 

Derivative assets

 

 

434,798

 

 

 

134,515

 

Secured loans receivable

 

 

126,034

 

 

 

94,037

 

Inventories:

 

 

 

 

 

 

Inventories

 

 

1,319,449

 

 

 

794,812

 

Restricted inventories

 

 

1,447,112

 

 

 

484,733

 

 

 

2,766,561

 

 

 

1,279,545

 

Income tax receivable

 

 

1,759

 

 

 

4,575

 

Prepaid expenses and other assets

 

 

27,213

 

 

 

15,359

 

Total current assets

 

 

3,668,334

 

 

 

1,743,495

 

Operating lease right of use assets

 

 

21,527

 

 

 

22,843

 

Property, plant, and equipment, net

 

 

47,191

 

 

 

45,509

 

Goodwill

 

 

243,735

 

 

 

228,650

 

Intangibles, net

 

 

147,677

 

 

 

137,314

 

Long-term investments

 

 

39,487

 

 

 

33,015

 

Other long-term assets

 

 

6,122

 

 

 

4,605

 

Total assets

 

$

4,174,073

 

 

$

2,215,431

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

Liabilities on borrowed metals

 

$

916,696

 

 

$

46,051

 

Product financing arrangements

 

 

609,732

 

 

 

484,733

 

Accounts payable and other payables

 

 

86,569

 

 

 

22,248

 

Deferred revenue and other advances

 

 

1,404,036

 

 

 

426,904

 

Derivative liabilities

 

 

47,166

 

 

 

96,177

 

Accrued liabilities

 

 

51,130

 

 

 

34,021

 

Notes payable

 

 

4,000

 

 

 

3,994

 

Total current liabilities

 

 

3,119,329

 

 

 

1,114,128

 

Lines of credit

 

 

98,000

 

 

 

345,000

 

Notes payable

 

 

3,317

 

 

 

3,349

 

Deferred tax liabilities

 

 

18,188

 

 

 

18,335

 

Other liabilities

 

 

28,358

 

 

 

31,948

 

Total liabilities

 

 

3,267,192

 

 

 

1,512,760

 

Commitments and contingencies

 

 

 

 

 

 

Stockholders’ equity

 

 

 

 

 

 

Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of March 31, 2026 or June 30, 2025

 

 

 

 

 

 

Common stock, par value $0.01; 40,000,000 shares authorized; 28,474,034 and 24,639,386 shares issued and outstanding as of March 31, 2026 and June 30, 2025, respectively

 

 

285

 

 

 

247

 

Additional paid-in capital

 

 

328,356

 

 

 

184,998

 

Accumulated other comprehensive income

 

 

125

 

 

 

212

 

Retained earnings

 

 

518,550

 

 

 

464,059

 

Total Gold.com, Inc. stockholders’ equity

 

 

847,316

 

 

 

649,516

 

Noncontrolling interests

 

 

59,565

 

 

 

53,155

 

Total stockholders’ equity

 

 

906,881

 

 

 

702,671

 

Total liabilities and stockholders’ equity

 

$

4,174,073

 

 

$

2,215,431

 

 

 

17


 

 

GOLD.COM, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except for share and per share data; unaudited)

 

 

 

Three Months Ended March 31,

 

 

Nine Months Ended March 31,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

Revenues

 

$

10,350,729

 

 

$

3,009,125

 

 

$

20,508,395

 

 

$

8,466,566

 

 

Cost of sales

 

 

10,174,149

 

 

 

2,968,108

 

 

 

20,165,548

 

 

 

8,337,339

 

 

Gross profit

 

 

176,580

 

 

 

41,017

 

 

 

342,847

 

 

 

129,227

 

 

Selling, general, and administrative expenses

 

 

(78,035

)

 

 

(33,404

)

 

 

(197,641

)

 

 

(85,775

)

 

Depreciation and amortization expense

 

 

(9,416

)

 

 

(4,996

)

 

 

(24,637

)

 

 

(14,344

)

 

Interest income

 

 

6,817

 

 

 

6,722

 

 

 

18,177

 

 

 

20,603

 

 

Interest expense

 

 

(19,030

)

 

 

(12,951

)

 

 

(47,883

)

 

 

(33,301

)

 

Earnings (losses) from equity method investments

 

 

2,253

 

 

 

(222

)

 

 

2,354

 

 

 

(2,054

)

 

Other income, net

 

 

4,623

 

 

 

1,171

 

 

 

7,106

 

 

 

1,832

 

 

Remeasurement loss on pre-existing equity interests

 

 

 

 

 

(7,043

)

 

 

 

 

 

(7,043

)

 

Unrealized losses on foreign exchange

 

 

(2,039

)

 

 

(233

)

 

 

(3,104

)

 

 

(895

)

 

Net income (loss) before provision for income taxes

 

 

81,753

 

 

 

(9,939

)

 

 

97,219

 

 

 

8,250

 

 

Income tax (expense) benefit

 

 

(17,716

)

 

 

1,231

 

 

 

(20,625

)

 

 

(2,566

)

 

Net income (loss)

 

 

64,037

 

 

 

(8,708

)

 

 

76,594

 

 

 

5,684

 

 

Net income (loss) attributable to noncontrolling interests

 

 

4,550

 

 

 

(162

)

 

 

6,410

 

 

 

(1,312

)

 

Net income (loss) attributable to the Company

 

$

59,487

 

 

$

(8,546

)

 

$

70,184

 

 

$

6,996

 

 

Basic and diluted net income (loss) per share attributable
   to Gold.com, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.17

 

 

$

(0.36

)

 

$

2.74

 

 

$

0.30

 

 

Diluted

 

$

2.09

 

 

$

(0.36

)

 

$

2.65

 

 

$

0.29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

27,360,200

 

 

 

23,646,100

 

 

 

25,609,800

 

 

 

23,275,000

 

 

Diluted

 

 

28,404,400

 

 

 

23,646,100

 

 

 

26,446,600

 

 

 

24,118,100

 

 

 

 

 

18


 

 

GOLD.COM, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands; unaudited)

 

 

 

Nine Months Ended March 31,

 

 

2026

 

 

2025

 

 

Cash flows from operating activities:

 

 

 

 

 

 

 

Net income

 

$

76,594

 

 

$

5,684

 

 

Adjustments to reconcile net income to net cash flows from operating activities:

 

 

 

 

 

 

 

Depreciation and amortization

 

 

24,637

 

 

 

14,344

 

 

Amortization of loan cost

 

 

3,891

 

 

 

2,846

 

 

Share-based compensation

 

 

1,343

 

 

 

976

 

 

Remeasurement loss on pre-existing equity interests

 

 

 

 

 

7,043

 

 

Losses (earnings) from equity method investments

 

 

(2,354

)

 

 

2,054

 

 

Other

 

 

(1,842

)

 

 

(1,790

)

 

Changes in assets and liabilities:

 

 

 

 

 

 

 

Receivables, net

 

 

(20,632

)

 

 

(55,625

)

 

Secured loans made to affiliates

 

 

 

 

 

16

 

 

Derivative assets

 

 

(286,696

)

 

 

23,121

 

 

Income tax receivable

 

 

2,816

 

 

 

(5,335

)

 

Inventories

 

 

(615,471

)

 

 

(76,234

)

 

Prepaid expenses and other assets

 

 

(11,795

)

 

 

(3,622

)

 

Accounts payable and other payables

 

 

61,671

 

 

 

(2,262

)

 

Deferred revenue and other advances

 

 

966,756

 

 

 

106,588

 

 

Derivative liabilities

 

 

(49,011

)

 

 

59,410

 

 

Liabilities on borrowed metals

 

 

108,443

 

 

 

12,231

 

 

Accrued liabilities

 

 

(105,320

)

 

 

(4,064

)

 

Net cash provided by operating activities

 

 

153,030

 

 

 

85,381

 

 

Cash flows from investing activities:

 

 

 

 

 

 

 

Capital expenditures for property, plant, and equipment

 

 

(9,208

)

 

 

(6,780

)

 

Acquisition of businesses, net of cash acquired

 

 

(15,169

)

 

 

(64,823

)

 

Purchase of long-term investments

 

 

(6,400

)

 

 

 

 

Purchase of intangible assets

 

 

 

 

 

(100

)

 

Secured loans receivable, net

 

 

(31,987

)

 

 

26,555

 

 

Purchase of marketable securities

 

 

 

 

 

(2,549

)

 

Proceeds from sale of marketable securities

 

 

 

 

 

4,213

 

 

Other

 

 

(881

)

 

 

23

 

 

Net cash used in investing activities

 

 

(63,645

)

 

 

(43,461

)

 

Cash flows from financing activities:

 

 

 

 

 

 

 

Product financing arrangements, net

 

 

124,999

 

 

 

(12,936

)

 

Dividends paid

 

 

(15,602

)

 

 

(13,883

)

 

Borrowings under lines of credit

 

 

2,992,500

 

 

 

1,483,000

 

 

Repayments under lines of credit

 

 

(3,239,500

)

 

 

(1,418,000

)

 

Repayments on notes payable to related party

 

 

 

 

 

(8,367

)

 

Net proceeds from the issuance of common stock

 

 

117,624

 

 

 

 

 

Repurchases of common stock

 

 

 

 

 

(901

)

 

Repurchases of common stock from a related party

 

 

 

 

 

(4,219

)

 

Debt funding issuance costs

 

 

(2,641

)

 

 

(4,186

)

 

Proceeds from the exercise of share-based awards

 

 

3,547

 

 

 

3,281

 

 

Payments for tax withholding related to net settlement of share-based awards

 

 

(342

)

 

 

 

 

Other

 

 

(4,104

)

 

 

 

 

Net cash (used in) provided by financing activities

 

 

(23,519

)

 

 

23,789

 

 

Net increase in cash

 

 

65,866

 

 

 

65,709

 

 

Cash, beginning of period

 

 

77,741

 

 

 

48,636

 

 

Cash, end of period

 

$

143,607

 

 

$

114,345

 

 

 

 

19


 

 

Overview of Results of Operations for the Three Months Ended March 31, 2026 and 2025

Consolidated Results of Operations

The operating results for the three months ended March 31, 2026 and 2025 were as follows (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

2026

 

 

 

2025

 

 

 

Change

 

 

 

$

 

 

 

% of revenue

 

 

 

$

 

 

 

% of revenue

 

 

 

$

 

 

 

%

 

Revenues

 

$

10,350,729

 

 

 

 

100.000

%

 

 

$

3,009,125

 

 

 

 

100.000

%

 

 

$

7,341,604

 

 

 

 

244.0

%

Gross profit

 

 

176,580

 

 

 

 

1.706

%

 

 

 

41,017

 

 

 

 

1.363

%

 

 

$

135,563

 

 

 

 

330.5

%

Selling, general, and administrative expenses

 

 

(78,035

)

 

 

 

(0.754

%)

 

 

 

(33,404

)

 

 

 

(1.110

%)

 

 

$

44,631

 

 

 

 

133.6

%

Depreciation and amortization expense

 

 

(9,416

)

 

 

 

(0.091

%)

 

 

 

(4,996

)

 

 

 

(0.166

%)

 

 

$

4,420

 

 

 

 

88.5

%

Interest income

 

 

6,817

 

 

 

 

0.066

%

 

 

 

6,722

 

 

 

 

0.223

%

 

 

$

95

 

 

 

 

1.4

%

Interest expense

 

 

(19,030

)

 

 

 

(0.184

%)

 

 

 

(12,951

)

 

 

 

(0.430

%)

 

 

$

6,079

 

 

 

 

46.9

%

Earnings (losses) from equity method investments

 

 

2,253

 

 

 

 

0.022

%

 

 

 

(222

)

 

 

 

(0.007

%)

 

 

$

2,475

 

 

 

 

1,114.9

%

Other income, net

 

 

4,623

 

 

 

 

0.045

%

 

 

 

1,171

 

 

 

 

0.039

%

 

 

$

3,452

 

 

 

 

294.8

%

Remeasurement loss on pre-existing equity interests

 

 

 

 

 

 

%

 

 

 

(7,043

)

 

 

 

(0.234

%)

 

 

$

(7,043

)

 

 

 

(100.0

%)

Unrealized losses on foreign exchange

 

 

(2,039

)

 

 

 

(0.020

%)

 

 

 

(233

)

 

 

 

(0.008

%)

 

 

$

1,806

 

 

 

 

775.1

%

Net income (loss) before provision for income taxes

 

 

81,753

 

 

 

 

0.790

%

 

 

 

(9,939

)

 

 

 

(0.330

%)

 

 

$

91,692

 

 

 

 

922.5

%

Income tax (expense) benefit

 

 

(17,716

)

 

 

 

(0.171

%)

 

 

 

1,231

 

 

 

 

0.041

%

 

 

$

(18,947

)

 

 

 

(1,539.2

%)

Net income (loss)

 

 

64,037

 

 

 

 

0.619

%

 

 

 

(8,708

)

 

 

 

(0.289

%)

 

 

$

72,745

 

 

 

 

835.4

%

Net income (loss) attributable to noncontrolling interests

 

 

4,550

 

 

 

 

0.044

%

 

 

 

(162

)

 

 

 

(0.005

%)

 

 

$

4,712

 

 

 

 

2,908.6

%

Net income (loss) attributable to the Company

 

$

59,487

 

 

 

 

0.575

%

 

 

$

(8,546

)

 

 

 

(0.284

%)

 

 

$

68,033

 

 

 

 

796.1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income (loss) per share attributable
 to Gold.com, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Per Share Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.17

 

 

 

 

 

 

 

$

(0.36

)

 

 

 

 

 

 

$

2.53

 

 

 

 

702.8

%

Diluted

 

$

2.09

 

 

 

 

 

 

 

$

(0.36

)

 

 

 

 

 

 

$

2.45

 

 

 

 

680.6

%

 

 

20


 

 

Overview of Results of Operations for the Three Months Ended March 31, 2026 and December 31, 2025

Consolidated Results of Operations

 

The operating results for the three months ended March 31, 2026 and December 31, 2025 were as follows (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

March 31, 2026

 

 

December 31, 2025

 

 

Change

 

 

 

$

 

 

% of
revenue

 

 

$

 

 

% of
revenue

 

 

$

 

 

%

 

Revenues

 

$

10,350,729

 

 

 

100.000

%

 

$

6,476,900

 

 

 

100.000

%

 

$

3,873,829

 

 

 

59.8

%

Gross profit

 

 

176,580

 

 

 

1.706

%

 

 

93,370

 

 

 

1.442

%

 

$

83,210

 

 

 

89.1

%

Selling, general, and administrative expenses

 

 

(78,035

)

 

 

(0.754

%)

 

 

(59,784

)

 

 

(0.923

%)

 

$

18,251

 

 

 

30.5

%

Depreciation and amortization expense

 

 

(9,416

)

 

 

(0.091

%)

 

 

(7,638

)

 

 

(0.118

%)

 

$

1,778

 

 

 

23.3

%

Interest income

 

 

6,817

 

 

 

0.066

%

 

 

5,789

 

 

 

0.089

%

 

$

1,028

 

 

 

17.8

%

Interest expense

 

 

(19,030

)

 

 

(0.184

%)

 

 

(16,253

)

 

 

(0.251

%)

 

$

2,777

 

 

 

17.1

%

Earnings from equity method investments

 

 

2,253

 

 

 

0.022

%

 

 

1,009

 

 

 

0.016

%

 

$

1,244

 

 

 

123.3

%

Other income, net

 

 

4,623

 

 

 

0.045

%

 

 

250

 

 

 

0.004

%

 

$

4,373

 

 

 

1,749.2

%

Unrealized losses on foreign exchange

 

 

(2,039

)

 

 

(0.020

%)

 

 

(966

)

 

 

(0.015

%)

 

$

1,073

 

 

 

111.1

%

Net income before provision for income taxes

 

 

81,753

 

 

 

0.790

%

 

 

15,777

 

 

 

0.244

%

 

$

65,976

 

 

 

418.2

%

Income tax expense

 

 

(17,716

)

 

 

(0.171

%)

 

 

(2,249

)

 

 

(0.035

%)

 

$

15,467

 

 

 

687.7

%

Net income

 

 

64,037

 

 

 

0.619

%

 

 

13,528

 

 

 

0.209

%

 

$

50,509

 

 

 

373.4

%

Net income attributable to noncontrolling interests

 

 

4,550

 

 

 

0.044

%

 

 

1,892

 

 

 

0.029

%

 

$

2,658

 

 

 

140.5

%

Net income attributable to the Company

 

$

59,487

 

 

 

0.575

%

 

$

11,636

 

 

 

0.180

%

 

$

47,851

 

 

 

411.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income per share attributable to
  Gold.com, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Per Share Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.17

 

 

 

 

 

$

0.47

 

 

 

 

 

$

1.70

 

 

 

361.7

%

Diluted

 

$

2.09

 

 

 

 

 

$

0.46

 

 

 

 

 

$

1.63

 

 

 

354.3

%

 

 

21


 

 

Overview of Results of Operations for the Nine Months Ended March 31, 2026 and 2025

Consolidated Results of Operations

 

The operating results for the nine months ended March 31, 2026 and 2025 were as follows (in thousands, except per share data):

Nine Months Ended March 31,

 

2026

 

 

 

2025

 

 

 

Change

 

 

 

$

 

 

 

% of revenue

 

 

 

$

 

 

 

% of revenue

 

 

 

$

 

 

 

%

 

Revenues

 

$

20,508,395

 

 

 

 

100.000

%

 

 

$

8,466,566

 

 

 

 

100.000

%

 

 

$

12,041,829

 

 

 

 

142.2

%

Gross profit

 

 

342,847

 

 

 

 

1.672

%

 

 

 

129,227

 

 

 

 

1.526

%

 

 

$

213,620

 

 

 

 

165.3

%

Selling, general, and administrative expenses

 

 

(197,641

)

 

 

 

(0.964

%)

 

 

 

(85,775

)

 

 

 

(1.013

%)

 

 

$

111,866

 

 

 

 

130.4

%

Depreciation and amortization expense

 

 

(24,637

)

 

 

 

(0.120

%)

 

 

 

(14,344

)

 

 

 

(0.169

%)

 

 

$

10,293

 

 

 

 

71.8

%

Interest income

 

 

18,177

 

 

 

 

0.089

%

 

 

 

20,603

 

 

 

 

0.243

%

 

 

$

(2,426

)

 

 

 

(11.8

%)

Interest expense

 

 

(47,883

)

 

 

 

(0.233

%)

 

 

 

(33,301

)

 

 

 

(0.393

%)

 

 

$

14,582

 

 

 

 

43.8

%

Earnings (losses) from equity method investments

 

 

2,354

 

 

 

 

0.011

%

 

 

 

(2,054

)

 

 

 

(0.024

%)

 

 

$

4,408

 

 

 

 

214.6

%

Other income, net

 

 

7,106

 

 

 

 

0.035

%

 

 

 

1,832

 

 

 

 

0.022

%

 

 

$

5,274

 

 

 

 

287.9

%

Remeasurement loss on pre-existing equity interests

 

 

 

 

 

 

%

 

 

 

(7,043

)

 

 

 

(0.083

%)

 

 

$

(7,043

)

 

 

 

(100.0

%)

Unrealized losses on foreign exchange

 

 

(3,104

)

 

 

 

(0.015

%)

 

 

 

(895

)

 

 

 

(0.011

%)

 

 

$

2,209

 

 

 

 

246.8

%

Net income before provision for income taxes

 

 

97,219

 

 

 

 

0.474

%

 

 

 

8,250

 

 

 

 

0.097

%

 

 

$

88,969

 

 

 

 

1,078.4

%

Income tax expense

 

 

(20,625

)

 

 

 

(0.101

%)

 

 

 

(2,566

)

 

 

 

(0.030

%)

 

 

$

18,059

 

 

 

 

703.8

%

Net income

 

 

76,594

 

 

 

 

0.373

%

 

 

 

5,684

 

 

 

 

0.067

%

 

 

$

70,910

 

 

 

 

1,247.5

%

Net income (loss) attributable to noncontrolling interests

 

 

6,410

 

 

 

 

0.031

%

 

 

 

(1,312

)

 

 

 

(0.015

%)

 

 

$

7,722

 

 

 

 

588.6

%

Net income attributable to the Company

 

$

70,184

 

 

 

 

0.342

%

 

 

$

6,996

 

 

 

 

0.083

%

 

 

$

63,188

 

 

 

 

903.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income per share attributable
 to Gold.com, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Per Share Data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.74

 

 

 

 

 

 

 

$

0.30

 

 

 

 

 

 

 

$

2.44

 

 

 

 

813.3

%

Diluted

 

$

2.65

 

 

 

 

 

 

 

$

0.29

 

 

 

 

 

 

 

$

2.36

 

 

 

 

813.8

%

 

 

22


 

 

Reconciliation of U.S. GAAP to Non-GAAP Measures for the Three Months Ended March 31, 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 March 31, 2026 and 2025 follows (in thousands):

Three Months Ended March 31,

 

2026

 

 

2025

 

 

Change

 

 

 

$

 

 

$

 

 

$

 

 

 

%

 

Net income (loss) before provision for income taxes

 

$

81,753

 

 

$

(9,939

)

 

$

91,692

 

 

 

 

922.5

%

Adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Remeasurement loss on pre-existing equity interests

 

 

 

 

 

7,043

 

 

$

(7,043

)

 

 

 

(100.0

%)

Contingent consideration fair value adjustment

 

 

(4,436

)

 

 

(1,000

)

 

$

3,436

 

 

 

 

343.6

%

Acquisition costs

 

 

378

 

 

 

4,649

 

 

$

(4,271

)

 

 

 

(91.9

%)

Amortization of acquired intangibles

 

 

6,975

 

 

 

4,004

 

 

$

2,971

 

 

 

 

74.2

%

Depreciation expense

 

 

2,441

 

 

 

992

 

 

$

1,449

 

 

 

 

146.1

%

Adjusted net income before provision for income taxes (non-GAAP)

 

$

87,111

 

 

$

5,749

 

 

$

81,362

 

 

 

 

1,415.2

%

 

A reconciliation of net income (loss) to EBITDA, and operating cash flows to EBITDA for the three months ended March 31, 2026 and 2025 follows (in thousands):

Three Months Ended March 31,

 

2026

 

 

2025

 

 

Change

 

Reconciliation of Net Income (Loss) to EBITDA:

 

$

 

 

$

 

 

$

 

 

%

 

Net income (loss)

 

$

64,037

 

 

$

(8,708

)

 

$

72,745

 

 

 

835.4

%

Adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

(6,817

)

 

 

(6,722

)

 

$

95

 

 

 

1.4

%

Interest expense

 

 

19,030

 

 

 

12,951

 

 

$

6,079

 

 

 

46.9

%

Amortization of acquired intangibles

 

 

6,975

 

 

 

4,004

 

 

$

2,971

 

 

 

74.2

%

Depreciation expense

 

 

2,441

 

 

 

992

 

 

$

1,449

 

 

 

146.1

%

Income tax expense (benefit)

 

 

17,716

 

 

 

(1,231

)

 

$

18,947

 

 

 

1,539.2

%

 

 

 

39,345

 

 

 

9,994

 

 

$

29,351

 

 

 

293.7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before interest, taxes, depreciation, and amortization (non-GAAP)

 

$

103,382

 

 

$

1,286

 

 

$

102,096

 

 

 

7,939.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of Operating Cash Flows to EBITDA:

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by operating activities

 

$

235

 

 

$

102,839

 

 

$

(102,604

)

 

 

(99.8

%)

Changes in operating working capital

 

 

70,603

 

 

 

(99,355

)

 

$

169,958

 

 

 

171.1

%

Interest expense

 

 

19,030

 

 

 

12,951

 

 

$

6,079

 

 

 

46.9

%

Interest income

 

 

(6,817

)

 

 

(6,722

)

 

$

95

 

 

 

1.4

%

Income tax expense (benefit)

 

 

17,716

 

 

 

(1,231

)

 

$

18,947

 

 

 

1,539.2

%

Earnings (losses) from equity method investments

 

 

2,253

 

 

 

(222

)

 

$

2,475

 

 

 

1,114.9

%

Remeasurement loss on pre-existing equity interests

 

 

 

 

 

(7,043

)

 

$

(7,043

)

 

 

(100.0

%)

Share-based compensation

 

 

(505

)

 

 

(349

)

 

$

156

 

 

 

44.7

%

Amortization of loan cost

 

 

(1,128

)

 

 

(1,166

)

 

$

(38

)

 

 

(3.3

%)

Other

 

 

1,995

 

 

 

1,584

 

 

$

411

 

 

 

25.9

%

Earnings before interest, taxes, depreciation, and amortization (non-GAAP)

 

$

103,382

 

 

$

1,286

 

 

$

102,096

 

 

 

7,939.0

%

 

 

23


 

 

 

Reconciliation of U.S. GAAP to Non-GAAP Measures for the Three Months Ended March 31, 2026 and December 31, 2025

 

A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the three months ended March 31, 2026 and December 31, 2025 follows (in thousands):

Three Months Ended

 

March 31, 2026

 

 

December 31, 2025

 

 

 

Change

 

 

 

$

 

 

$

 

 

 

$

 

 

 

%

 

Net income before provision for income taxes

 

$

81,753

 

 

 

15,777

 

 

 

$

65,976

 

 

 

 

418.2

%

Adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration fair value adjustment

 

 

(4,436

)

 

 

(320

)

 

 

$

4,116

 

 

 

 

1,286.3

%

Acquisition costs

 

 

378

 

 

 

121

 

 

 

$

257

 

 

 

 

212.4

%

Amortization of acquired intangibles

 

 

6,975

 

 

 

5,181

 

 

 

$

1,794

 

 

 

 

34.6

%

Depreciation expense

 

 

2,441

 

 

 

2,457

 

 

 

$

(16

)

 

 

 

(0.7

%)

Adjusted net income before provision for income taxes (non-GAAP)

 

$

87,111

 

 

$

23,216

 

 

 

$

63,895

 

 

 

 

275.2

%

 

A reconciliation of net income to EBITDA, and operating cash flows to EBITDA for the three months ended March 31, 2026 and December 31, 2025 follows (in thousands):

Three Months Ended

 

March 31, 2026

 

 

 

December 31, 2025

 

 

 

Change

 

Reconciliation of Net Income to EBITDA:

 

$

 

 

 

$

 

 

 

$

 

 

 

%

 

Net income

 

$

64,037

 

 

 

$

13,528

 

 

 

$

50,509

 

 

 

 

373.4

%

Adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

(6,817

)

 

 

 

(5,789

)

 

 

$

1,028

 

 

 

 

17.8

%

Interest expense

 

 

19,030

 

 

 

 

16,253

 

 

 

$

2,777

 

 

 

 

17.1

%

Amortization of acquired intangibles

 

 

6,975

 

 

 

 

5,181

 

 

 

$

1,794

 

 

 

 

34.6

%

Depreciation expense

 

 

2,441

 

 

 

 

2,457

 

 

 

$

(16

)

 

 

 

(0.7

%)

Income tax expense

 

 

17,716

 

 

 

 

2,249

 

 

 

$

15,467

 

 

 

 

687.7

%

 

 

39,345

 

 

 

 

20,351

 

 

 

$

18,994

 

 

 

 

93.3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before interest, taxes, depreciation, and amortization (non-GAAP)

 

$

103,382

 

 

 

$

33,879

 

 

 

$

69,503

 

 

 

 

205.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of Operating Cash Flows to EBITDA:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by (used in) operating activities

 

$

235

 

 

 

$

(42,622

)

 

 

$

42,857

 

 

 

 

100.6

%

Changes in operating working capital

 

 

70,603

 

 

 

 

66,319

 

 

 

$

4,284

 

 

 

 

6.5

%

Interest expense

 

 

19,030

 

 

 

 

16,253

 

 

 

$

2,777

 

 

 

 

17.1

%

Interest income

 

 

(6,817

)

 

 

 

(5,789

)

 

 

$

1,028

 

 

 

 

17.8

%

Income tax expense

 

 

17,716

 

 

 

 

2,249

 

 

 

$

15,467

 

 

 

 

687.7

%

Earnings from equity method investments

 

 

2,253

 

 

 

 

1,009

 

 

 

$

1,244

 

 

 

 

123.3

%

Share-based compensation

 

 

(505

)

 

 

 

(463

)

 

 

$

42

 

 

 

 

9.1

%

Amortization of loan cost

 

 

(1,128

)

 

 

 

(1,128

)

 

 

 

 

 

 

 

%

Other

 

 

1,995

 

 

 

 

(1,949

)

 

 

$

3,944

 

 

 

 

202.4

%

Earnings before interest, taxes, depreciation, and amortization (non-GAAP)

 

$

103,382

 

 

 

$

33,879

 

 

 

$

69,503

 

 

 

 

205.2

%

 

 

24


 

 

Reconciliation of U.S. GAAP to Non-GAAP Measures for the Nine Months Ended March 31, 2026 and 2025

 

A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the nine months ended March 31, 2026 and 2025 follows (in thousands):

Nine Months Ended March 31,

 

2026

 

 

2025

 

 

Change

 

 

 

$

 

 

$

 

 

$

 

 

 

%

 

Net income before provision for income taxes

 

$

97,219

 

 

$

8,250

 

 

$

88,969

 

 

 

 

1,078.4

%

Adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Remeasurement loss on pre-existing equity interests

 

 

 

 

 

7,043

 

 

$

(7,043

)

 

 

 

(100.0

%)

Contingent consideration fair value adjustment

 

 

(7,217

)

 

 

(1,130

)

 

$

6,087

 

 

 

 

538.7

%

Acquisition costs

 

 

560

 

 

 

5,389

 

 

$

(4,829

)

 

 

 

(89.6

%)

Amortization of acquired intangibles

 

 

17,358

 

 

 

11,658

 

 

$

5,700

 

 

 

 

48.9

%

Depreciation expense

 

 

7,279

 

 

 

2,686

 

 

$

4,593

 

 

 

 

171.0

%

Adjusted net income before provision for income taxes (non-GAAP)

 

$

115,199

 

 

$

33,896

 

 

$

81,303

 

 

 

 

239.9

%

 

A reconciliation of net income to EBITDA, and operating cash flows to EBITDA for the nine months ended March 31, 2026 and 2025 follows (in thousands):

Nine Months Ended March 31,

 

2026

 

 

2025

 

 

Change

 

Reconciliation of Net Income to EBITDA:

 

$

 

 

$

 

 

$

 

 

 

%

 

Net income

 

$

76,594

 

 

$

5,684

 

 

$

70,910

 

 

 

 

1,247.5

%

Adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

(18,177

)

 

 

(20,603

)

 

$

(2,426

)

 

 

 

(11.8

%)

Interest expense

 

 

47,883

 

 

 

33,301

 

 

$

14,582

 

 

 

 

43.8

%

Amortization of acquired intangibles

 

 

17,358

 

 

 

11,658

 

 

$

5,700

 

 

 

 

48.9

%

Depreciation expense

 

 

7,279

 

 

 

2,686

 

 

$

4,593

 

 

 

 

171.0

%

Income tax expense

 

 

20,625

 

 

 

2,566

 

 

$

18,059

 

 

 

 

703.8

%

 

 

 

74,968

 

 

 

29,608

 

 

$

45,360

 

 

 

 

153.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before interest, taxes, depreciation, and amortization (non-GAAP)

 

$

151,562

 

 

$

35,292

 

 

$

116,270

 

 

 

 

329.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of Operating Cash Flows to EBITDA:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by operating activities

 

$

153,030

 

 

$

85,381

 

 

$

67,649

 

 

 

 

79.2

%

Changes in operating working capital

 

 

(50,761

)

 

 

(54,224

)

 

$

(3,463

)

 

 

 

(6.4

%)

Interest expense

 

 

47,883

 

 

 

33,301

 

 

$

14,582

 

 

 

 

43.8

%

Interest income

 

 

(18,177

)

 

 

(20,603

)

 

$

(2,426

)

 

 

 

(11.8

%)

Income tax expense

 

 

20,625

 

 

 

2,566

 

 

$

18,059

 

 

 

 

703.8

%

Earnings (losses) from equity method investments

 

 

2,354

 

 

 

(2,054

)

 

$

4,408

 

 

 

 

214.6

%

Remeasurement loss on pre-existing equity interests

 

 

 

 

 

(7,043

)

 

$

(7,043

)

 

 

 

(100.0

%)

Share-based compensation

 

 

(1,343

)

 

 

(976

)

 

$

367

 

 

 

 

37.6

%

Amortization of loan cost

 

 

(3,891

)

 

 

(2,846

)

 

$

1,045

 

 

 

 

36.7

%

Other

 

 

1,842

 

 

 

1,790

 

 

$

52

 

 

 

 

2.9

%

Earnings before interest, taxes, depreciation, and amortization (non-GAAP)

 

$

151,562

 

 

$

35,292

 

 

$

116,270

 

 

 

 

329.5

%

 

 

 

 

25


FAQ

How did Gold.com (GOLD) perform financially in Q3 FY 2026?

Gold.com delivered a strong Q3 FY 2026, with revenue of $10.351 billion, up 244% year over year. Net income reached $59.5 million and diluted EPS was $2.09, compared with a loss and negative EPS in the prior-year quarter.

What were Gold.com (GOLD)’s key profitability metrics for Q3 FY 2026?

Gold.com generated gross profit of $176.6 million, or a 1.71% gross margin, in Q3 FY 2026. EBITDA climbed to $103.4 million from $1.3 million a year earlier, while adjusted net income before income taxes rose to $87.1 million from $5.7 million.

How did Gold.com (GOLD) perform over the first nine months of fiscal 2026?

For the nine months ended March 31, 2026, Gold.com recorded revenue of $20.508 billion and net income of $70.2 million. Diluted EPS was $2.65, and EBITDA totaled $151.6 million, all substantially higher than the prior-year nine‑month period.

What is the nature of Gold.com (GOLD)’s partnership with Tether affiliates?

Tether affiliate TPM agreed to purchase 3,370,787 Gold.com shares at $44.50 each, totaling $150.0 million. The first tranche was 2,840,449 shares for $126.4 million and the second tranche 530,338 shares for $23.6 million. Gold.com also bought $20.0 million of Tether’s gold-backed stablecoin.

Did Gold.com (GOLD) announce a dividend with these results?

Yes. Gold.com’s board declared a quarterly cash dividend of $0.20 per share, maintaining its existing dividend program. The dividend is payable June 1, 2026 to stockholders of record on May 20, 2026, aligning shareholder returns with significantly improved profitability.

How are acquisitions impacting Gold.com (GOLD)’s results?

Acquisitions including SGI, Pinehurst, AMS, Monex and Sunshine Mint significantly boosted revenue and gross profit. In Q3 FY 2026, acquired businesses contributed to higher margins and scale, while also increasing SG&A, depreciation and intangible amortization as integration and expansion progressed.

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