Form: 8-K

Current report

November 5, 2026

Documents

Exhibit 99.1

img27928837_0.gif

 

Gold.com Reports Fiscal First Quarter 2027 Results

 

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 – November 4, 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 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

 

 

 

 

 

 

 

 

 

 

 

 

 

2


 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

3


 

 

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

 

 

4


 

 

 

 

 

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.

 

 

5


 

 

 

 

 

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.

 

 

 

6


 

 

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.

 

 

7


 

 

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.

 

8


 

 

 

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 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

 

9


 

 

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.

 

10


 

 

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.

 

 

 

11


 

 

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


 

 

 

12


 

 


 

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

 

 

 

13


 

 

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

 

 

 

 

14


 

 

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

 

 

 

15


 

 

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

%

 

 

16


 

 

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

%

 

 

 

17