Gold.com Reports Fiscal First Quarter 2027 Results

Three Months Ended September 30,

2026

2025

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

Selected Key Financial Statement Metrics:

Revenues

$

3,265,269

$

3,680,766

Gross profit

$

89,617

$

72,897

Depreciation and amortization expense

$

(9,074

)

$

(7,583

)

Net income (loss) attributable to the Company

$

1,602

$

(939

)

Earnings (Loss) per Share

Basic

$

0.05

$

(0.04

)

Diluted

$

0.05

$

(0.04

)

Non-GAAP Measures (1):

Adjusted net income before provision for income taxes

$

13,242

$

4,872

EBITDA

$

17,404

$

14,301

(1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below

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

Three Months Ended September 30,

2026

2025

Net income (loss) before provision for income taxes

$

2,168

$

(311

)

Adjustments:

Contingent consideration fair value adjustment

1,803

(2,461

)

Acquisition costs

197

61

Amortization of acquired intangibles

5,874

5,202

Depreciation expense

3,200

2,381

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

$

13,242

$

4,872

Three Months Ended

September 30, 2026

June 30, 2026

(in thousands, except Earnings per Share)

Selected Key Financial Statement Metrics:

Revenues

$

3,265,269

$

5,005,014

Gross profit

$

89,617

$

110,297

Depreciation and amortization expense

$

(9,074

)

$

(10,115

)

Net income (loss) attributable to the Company

$

1,602

$

12,157

Earnings (Loss) per Share

Basic

$

0.05

$

0.42

Diluted

$

0.05

$

0.41

Non-GAAP Measures (1):

Adjusted net income before provision for income taxes

$

13,242

$

24,741

EBITDA

$

17,404

$

28,188

(1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below

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

Three Months Ended

September 30, 2026

June 30, 2026

Net income (loss) before provision for income taxes

$

2,168

$

12,303

Adjustments:

Contingent consideration fair value adjustment

1,803

6,327

Remeasurement gain on pre-existing equity interest

—

(4,136

)

Acquisition costs

197

132

Amortization of acquired intangibles

5,874

7,004

Depreciation expense

3,200

3,111

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

$

13,242

$

24,741

Three Months Ended September 30,

2026

2025

Selected Operating and Financial Metrics:

Gold ounces sold (1)

463,000

439,000

Silver ounces sold (2)

13,978,000

10,391,000

Number of secured loans at period end (3)

372

424

Secured loans receivable at period end

$

107,415,000

$

103,633,000

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

96,100

69,400

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

148,600

147,300

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

4,818,400

4,265,400

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

$

3,482

$

3,863

(1) Gold ounces sold represents the ounces of gold product sold and delivered to the customer during the period, excluding ounces of gold recorded on forward contracts. Metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026.

(2) Silver ounces sold represents the ounces of silver product sold and delivered to the customer during the period, excluding ounces of silver recorded on forward contracts. Metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026.

(3) Number of outstanding secured loans to customers that are primarily collateralized by precious metals at the end of the period.

(4) DTC number of new customers represents the number of customers that have registered or set up a new account or made a purchase for the first time during the period within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.

(5) DTC number of active customers represents the number of customers that have made a purchase during any month during the period within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.

(6) DTC number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.

(7) DTC AOV represents the average dollar value of product orders (excluding accumulation program orders) delivered to the customer during the period within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.

Three Months Ended

September 30, 2026

June 30, 2026

Selected Operating and Financial Metrics:

Gold ounces sold (1)

463,000

521,000

Silver ounces sold (2)

13,978,000

15,317,500

Number of secured loans at period end (3)

372

367

Secured loans receivable at period end

$

107,415,000

$

115,128,000

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

96,100

67,900

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

148,600

160,700

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

4,818,400

4,722,300

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

$

3,482

$

3,556

(1) Gold ounces sold represents the ounces of gold product sold and delivered to the customer during the period, excluding ounces of gold recorded on forward contracts. Metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026.

(2) Silver ounces sold represents the ounces of silver product sold and delivered to the customer during the period, excluding ounces of silver recorded on forward contracts. Metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026.

(3) Number of outstanding secured loans to customers that are primarily collateralized by precious metals at the end of the period.

(4) DTC number of new customers represents the number of customers that have registered or set up a new account or made a purchase for the first time during the period within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.

(5) DTC number of active customers represents the number of customers that have made a purchase during any month during the period within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.

(6) DTC number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.

(7) DTC AOV represents the average dollar value of product orders (excluding accumulation program orders) delivered to the customer during the period within the Direct-to-Consumer segment. Metrics from Monex are included from January 2, 2026.

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

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

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

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

%

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

%

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

%