Overview of Gold.com’s Financial Performance

Gold.com, Inc. is a leading provider of comprehensive solutions for the precious metals and collectibles value chains. The company operates through three main segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending.

For the three months ended March 31, 2026, Gold.com reported strong financial results:

• Revenues increased 244.0% to $10.35 billion, driven by higher average selling prices for gold and silver as well as an increase in gold and silver ounces sold. Excluding forward sales contracts, revenues increased 186.5%.

• Gross profit surged 330.5% to $176.6 million, with the overall gross margin percentage increasing to 1.706% from 1.363% in the prior year period. Excluding forward sales, the gross margin percentage increased to 3.869% from 2.575%.

• Net income attributable to the company was $59.5 million, compared to a net loss of $8.5 million in the same period last year. Earnings per share were $2.09 on a diluted basis.

For the nine months ended March 31, 2026, the company also delivered impressive results:

• Revenues grew 142.2% to $20.51 billion, with the increase again driven by higher precious metal prices and ounces sold. Excluding forward sales, revenues were up 95.0%.

• Gross profit increased 165.3% to $342.8 million, though the overall gross margin percentage declined to 1.672% from 1.526% due to the impact of increased forward sales.

• Net income attributable to the company was $70.2 million, up significantly from $7.0 million in the prior year period. Diluted earnings per share were $2.65.

Segment Performance

The Wholesale Sales & Ancillary Services segment, which includes the company’s core wholesale operations, saw revenues surge 220.0% to $7.79 billion in the third quarter and 126.7% to $15.50 billion for the nine-month period. This was driven by higher average selling prices and ounces sold, as well as contributions from recent acquisitions.

Gross profit for the Wholesale segment increased 270.9% to $58.8 million in Q3 and 83.3% to $101.9 million year-to-date. Margins expanded due to wider premium spreads, though this was partially offset by lower trading profits and the impact of increased forward sales.

The Direct-to-Consumer segment, which sells precious metals and collectibles directly to retail customers, also delivered strong results. Revenues jumped 270.1% to $2.56 billion in Q3 and 159.1% to $5.01 billion for the nine months, driven by higher prices, increased customer demand, and the Monex acquisition.

Gross profit in the Direct-to-Consumer segment more than tripled to $117.8 million in the third quarter and nearly doubled to $240.9 million year-to-date. Margins expanded due to the Monex acquisition and increased retail activity.

The Secured Lending segment, which provides loans collateralized by precious metals, saw interest income increase 1.4% to $6.8 million in Q3 and decline 11.8% to $18.2 million for the nine months. The number of outstanding secured loans decreased 31.4% to 337 as of March 31, 2026.

Key Operational Metrics

In addition to financial results, Gold.com tracks several key operational metrics to assess the performance of its business:

• Gold and silver ounces sold (excluding forward contracts): Gold ounces sold increased 22.0% to 527,000 in Q3 and 16.6% to 1,511,000 year-to-date. Silver ounces sold rose 86.1% to 29.2 million in Q3 and 0.5% to 58.2 million for the nine months.

• Wholesale sales ticket volume: Ticket volume in the Wholesale segment increased 25.0% to 44,564 in Q3 and 22.8% to 116,994 for the nine months.

• Direct-to-Consumer customer metrics: New customers, active customers, and total customers all grew significantly, reflecting the company’s success in attracting and retaining retail buyers.

• Direct-to-Consumer ticket volume: Total ticket volume from Direct-to-Consumer customers increased, driven by both new and existing customers.

• Inventory turnover ratio: The company’s overall inventory turnover ratio improved to 4.7 in Q3 and 10.0 for the nine months, indicating more efficient use of capital.

• Number of secured loans: The number of outstanding secured loans decreased 31.4% to 337, as declining precious metal prices led to fewer loans meeting the company’s loan-to-value requirements.

Strengths and Weaknesses

Gold.com’s key strengths include its diversified business model, vertically integrated platform, and strong market position across the precious metals value chain. The company’s ability to capitalize on volatility in precious metal prices, as evidenced by the surge in revenues and profitability, is also a significant advantage.

The company’s reliance on forward sales contracts to hedge commodity price risk is a potential weakness, as these transactions can significantly impact revenues without a corresponding impact on gross margins. Additionally, the decline in the number of secured loans outstanding suggests the company may be exposed to risks associated with fluctuations in precious metal prices.

Outlook and Future Prospects

Looking ahead, Gold.com is well-positioned to continue benefiting from macroeconomic uncertainty and volatility in the precious metals markets. The company’s recent acquisitions, including Monex, SGI, and Pinehurst, are expected to further strengthen its market position and diversify its revenue streams.

However, the company’s performance will remain closely tied to the underlying commodity prices and market conditions. Sustained high volatility and demand for precious metals could drive continued growth, while a prolonged period of stability or declining prices may negatively impact the company’s results.

Overall, Gold.com’s strong financial and operational performance in the current and prior fiscal year demonstrates the resilience of its business model and the company’s ability to capitalize on market opportunities. As the company continues to execute on its growth strategy, investors will be closely watching for signs of continued success in the quarters and years ahead.