Gold.com, Inc 8-K, filed Nov 5, 2026
Gold.com, Inc. (GOLD)
About this 8-K
Gold.com, Inc filed this 8-K on November 5, 2026, reporting on events of November 4, 2026.
Gold.com reported fiscal first-quarter results ended September 30, 2026: revenue fell 11% to $3.265 billion, but gross profit rose 23% to $89.6 million and net income reached $1.6 million. The board declared a $0.20 quarterly dividend. AI summary
Items reported
- Item 2.02: Financial results
- Item 9.01: Financial statements and exhibits
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): |
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(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:
Securities registered pursuant to Section 12(b) of the Act:
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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 November 4, 2026, Gold.com, Inc. (the “Company”) issued a press release regarding the Company’s financial results for its fiscal first quarter ended September 30, 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 |
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Description |
99.1 |
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Press Release issued by Gold.com, Inc., dated November 4, 2026. |
104 |
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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.
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GOLD.COM, INC. |
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Date: |
November 5, 2026 |
By: |
/s/ Carol Meltzer |
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Name: Title: |
Carol Meltzer |
Exhibit 99.1
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.”
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Three Months Ended September 30, |
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2026 |
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2025 |
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(in thousands, except Earnings (Loss) per Share) |
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Selected Key Financial Statement Metrics: |
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Revenues |
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$ |
3,265,269 |
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$ |
3,680,766 |
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Gross profit |
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$ |
89,617 |
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$ |
72,897 |
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Depreciation and amortization expense |
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$ |
(9,074 |
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$ |
(7,583 |
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Net income (loss) attributable to the Company |
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$ |
1,602 |
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$ |
(939 |
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Earnings (Loss) per Share |
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Basic |
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$ |
0.05 |
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$ |
(0.04 |
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Diluted |
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$ |
0.05 |
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$ |
(0.04 |
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Non-GAAP Measures (1): |
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Adjusted net income before provision for income taxes |
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$ |
13,242 |
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$ |
4,872 |
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EBITDA |
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$ |
17,404 |
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$ |
14,301 |
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(1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below |
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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): |
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Three Months Ended September 30, |
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2026 |
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2025 |
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Net income (loss) before provision for income taxes |
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$ |
2,168 |
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$ |
(311 |
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Adjustments: |
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Contingent consideration fair value adjustment |
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1,803 |
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(2,461 |
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Acquisition costs |
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197 |
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61 |
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Amortization of acquired intangibles |
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5,874 |
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5,202 |
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Depreciation expense |
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3,200 |
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2,381 |
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Adjusted net income before provision for income taxes (non-GAAP) |
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$ |
13,242 |
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$ |
4,872 |
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Three Months Ended |
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September 30, 2026 |
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June 30, 2026 |
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(in thousands, except Earnings per Share) |
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Selected Key Financial Statement Metrics: |
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Revenues |
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$ |
3,265,269 |
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$ |
5,005,014 |
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Gross profit |
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$ |
89,617 |
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$ |
110,297 |
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Depreciation and amortization expense |
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$ |
(9,074 |
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$ |
(10,115 |
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Net income (loss) attributable to the Company |
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$ |
1,602 |
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$ |
12,157 |
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Earnings (Loss) per Share |
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Basic |
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$ |
0.05 |
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$ |
0.42 |
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Diluted |
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$ |
0.05 |
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$ |
0.41 |
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Non-GAAP Measures (1): |
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Adjusted net income before provision for income taxes |
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$ |
13,242 |
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$ |
24,741 |
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EBITDA |
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$ |
17,404 |
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$ |
28,188 |
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(1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below |
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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): |
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Three Months Ended |
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September 30, 2026 |
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June 30, 2026 |
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Net income (loss) before provision for income taxes |
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$ |
2,168 |
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$ |
12,303 |
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Adjustments: |
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Contingent consideration fair value adjustment |
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1,803 |
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6,327 |
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Remeasurement gain on pre-existing equity interest |
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— |
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(4,136 |
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Acquisition costs |
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197 |
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132 |
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Amortization of acquired intangibles |
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5,874 |
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7,004 |
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Depreciation expense |
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3,200 |
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3,111 |
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Adjusted net income before provision for income taxes (non-GAAP) |
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$ |
13,242 |
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$ |
24,741 |
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3
Fiscal First Quarter 2027 Financial Highlights
4
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Three Months Ended September 30, |
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2026 |
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2025 |
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Selected Operating and Financial Metrics: |
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Gold ounces sold (1) |
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463,000 |
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439,000 |
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Silver ounces sold (2) |
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13,978,000 |
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10,391,000 |
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Number of secured loans at period end (3) |
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372 |
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424 |
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Secured loans receivable at period end |
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$ |
107,415,000 |
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$ |
103,633,000 |
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Direct-to-Consumer ("DTC") number of new customers (4) |
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96,100 |
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69,400 |
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Direct-to-Consumer number of active customers (5) |
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148,600 |
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147,300 |
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Direct-to-Consumer number of total customers (6) |
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4,818,400 |
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4,265,400 |
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Direct-to-Consumer average order value ("AOV") (7) |
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$ |
3,482 |
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$ |
3,863 |
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(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. |
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(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. |
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(3) Number of outstanding secured loans to customers that are primarily collateralized by precious metals at the end of the period. |
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(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. |
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(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. |
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(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. |
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(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. |
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Three Months Ended |
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September 30, 2026 |
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June 30, 2026 |
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Selected Operating and Financial Metrics: |
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Gold ounces sold (1) |
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463,000 |
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521,000 |
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Silver ounces sold (2) |
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13,978,000 |
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15,317,500 |
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Number of secured loans at period end (3) |
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372 |
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367 |
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Secured loans receivable at period end |
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$ |
107,415,000 |
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$ |
115,128,000 |
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Direct-to-Consumer ("DTC") number of new customers (4) |
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96,100 |
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67,900 |
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Direct-to-Consumer number of active customers (5) |
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148,600 |
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160,700 |
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Direct-to-Consumer number of total customers (6) |
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4,818,400 |
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4,722,300 |
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Direct-to-Consumer average order value ("AOV") (7) |
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$ |
3,482 |
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$ |
3,556 |
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(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. |
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(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. |
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(3) Number of outstanding secured loans to customers that are primarily collateralized by precious metals at the end of the period. |
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(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. |
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(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. |
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(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. |
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(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. |
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6
Fiscal First Quarter 2027 Operational Highlights
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.
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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.
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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 |
|
|
|
|
|
|
||
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