Gold.com, Inc. (GOLD): Results of Operations and Financial Condition
Gold.com, Inc. (GOLD) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Gold.com Reports Fiscal Fourth Quarter and Full Year 2026 Results FY 2026 Diluted Earnings Per Share of $3.02 $82.3 Million in Net Income and $179.8 Million in non-GAAP EBITDA in FY 2026 Company Declares Special Dividend of $1.00 per share Costa Mesa, CA – September
How this was made
The 30-second read
Why it matters
The earnings release provides fresh data on the company's post‑acquisition performance and dividend policy.
Market read
First‑report earnings with a special dividend could prompt short‑term trading activity and affect gold‑related equities.
What to watch
Impact of recent Sunshine Minting acquisition on long‑term capacity and cost structure.
Gold.com Reports Fiscal Fourth Quarter and Full Year 2026 Results; FY 2026 Diluted Earnings Per Share of $3.02; $82.3 Million in Net Income and $179.8 Million in non-GAAP EBITDA in FY 2026; Company Declares Special Dividend of $1.00 per share
Fiscal fourth-quarter revenue and gross profit grew strongly year over year, but gross margin contracted year over year and revenue, net income, adjusted net income, and EBITDA declined sharply from the March 2026 quarter. Fiscal-year results showed substantial growth in revenue, net income, and EBITDA.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Revenue, Fiscal Fourth Quarter 2026GAAP | $ 5,005,014 (in thousands) | (51.6 %) | 99.2 % |
| Gross profit, Fiscal Fourth Quarter 2026GAAP | $ 110,297 (in thousands) | (37.5 %) | 35.0 % |
| Gross profit margin, Fiscal Fourth Quarter 2026GAAP | 2.204 % | – | – |
| Selling, general, and administrative expenses, Fiscal Fourth Quarter 2026GAAP | $ (77,941 ) (in thousands) | (0.1 %) | 45.9 % |
| Depreciation and amortization expense, Fiscal Fourth Quarter 2026GAAP | $ (10,115 ) (in thousands) | 7.4 % | 17.9 % |
| Net income attributable to the Company, Fiscal Fourth Quarter 2026GAAP | $ 12,157 (in thousands) | (79.6 %) | 17.8 % |
| Basic earnings per share, Fiscal Fourth Quarter 2026GAAP | $ 0.42 | (80.6 %) | — % |
| Diluted earnings per share, Fiscal Fourth Quarter 2026GAAP | $ 0.41 | (80.4 %) | — % |
| Adjusted net income before provision for income taxes, Fiscal Fourth Quarter 2026non-GAAP | $ 24,741 (in thousands) | (71.6 %) | 29.1 % |
| EBITDA, Fiscal Fourth Quarter 2026non-GAAP | $ 28,188 (in thousands) | (72.7 %) | (3.3 %) |
| Net cash provided by operating activities, Fiscal Fourth Quarter 2026GAAP | $ 1,069,754 (in thousands) | 455,114.5 % | 1,497.5 % |
| Revenue, Fiscal Year 2026GAAP | $ 25,513,409 (in thousands) | – | 132.4 % |
| Gross profit, Fiscal Year 2026GAAP | $ 453,144 (in thousands) | – | 114.8 % |
| Gross profit margin, Fiscal Year 2026GAAP | 1.776 % | – | – |
| Selling, general, and administrative expenses, Fiscal Year 2026GAAP | $ (275,582 ) (in thousands) | – | 98.0 % |
| Depreciation and amortization expense, Fiscal Year 2026GAAP | $ (34,752 ) (in thousands) | – | 51.6 % |
| Net income attributable to the Company, Fiscal Year 2026GAAP | $ 82,341 (in thousands) | – | 375.4 % |
| Basic earnings per share, Fiscal Year 2026GAAP | $ 3.11 | – | 326.0 % |
| Diluted earnings per share, Fiscal Year 2026GAAP | $ 3.02 | – | 325.4 % |
| Adjusted net income before provision for income taxes, Fiscal Year 2026non-GAAP | $ 139,940 (in thousands) | – | 163.7 % |
| EBITDA, Fiscal Year 2026non-GAAP | $ 179,750 (in thousands) | – | 178.9 % |
| Net cash provided by operating activities, Fiscal Year 2026GAAP | $ 1,222,784 (in thousands) | – | 702.6 % |
Capital returns
- Special cash dividend of $1.00 per share, payable on September 28, 2026 to stockholders of record as of September 16, 2026.
- Quarterly cash dividend of $0.20 per share, payable on September 28, 2026 to stockholders of record as of September 16, 2026.
- Dividends paid of $ (22,504 ) (in thousands) for the year ended June 30, 2026, compared with $ (18,804 ) (in thousands) for the year ended June 30, 2025.
- Repurchases of common stock were — for the year ended June 30, 2026, compared with $ (901 ) (in thousands) for the year ended June 30, 2025.
What drove it
- Fourth-quarter revenue increased 99% to $5.005 billion, with higher average selling prices of gold and silver and increased gold ounces sold, partially offset by lower silver ounces sold. Acquisitions of Monex in January 2026 and SMI in April 2026 also increased revenue.
- Excluding an increase of $0.9 billion of forward sales, fourth-quarter revenues increased $1.596 billion, or 94%.
- Gold ounces sold were 521,000 in the fiscal fourth quarter, compared with 346,000 in the year-ago quarter and 527,000 in the March 31, 2026 quarter.
- Silver ounces sold were 15,317,500 in the fiscal fourth quarter, compared with 15,664,000 in the year-ago quarter and 29,220,000 in the March 31, 2026 quarter.
- The Direct-to-Consumer segment contributed 66% of consolidated gross profit in the fiscal fourth quarter of 2026, compared with 63% in the fiscal fourth quarter of 2025.
- DTC average order value was $ 3,556 in the fiscal fourth quarter, compared with $ 2,443 in the year-ago quarter and $ 5,618 in the March 31, 2026 quarter. JM Bullion average order value was $ 2,716, compared with $ 2,415 and $ 3,056, respectively.
- DTC total customers were 4,722,300 at June 30, 2026, compared with 4,196,000 at June 30, 2025 and 4,654,400 at March 31, 2026. CyberMetals customer assets under management were $ 16,600,000 at June 30, 2026, compared with $ 10,700,000 and $ 20,100,000, respectively.
- For fiscal year 2026, revenue growth reflected higher average selling prices of gold and silver, higher gold ounces sold, forward sales, and acquisitions of SGI, Pinehurst, AMS, Monex, and SMI. Excluding an increase of $8.323 billion of forward sales, fiscal-year revenues increased $6.205 billion, or 95%.
- Fiscal-year DTC active customers increased 35% to 783,100 and DTC average order value increased $1,776, or 62%, to $4,642. The Direct-to-Consumer segment contributed 69% of consolidated gross profit in fiscal year 2026, compared with 59% in fiscal year 2025.
Concerns
- Fiscal fourth-quarter gross profit margin was 2.204 %, below 3.252 % in the year-ago quarter, despite improving from 1.706 % in the March 31, 2026 quarter.
- Fourth-quarter revenue declined 51.6 %, net income attributable to the Company declined 79.6 %, adjusted net income before provision for income taxes declined 71.6 %, and EBITDA declined 72.7 % from the March 31, 2026 quarter.
- Fourth-quarter DTC new customers decreased 38% to 67,900 from 108,900 year over year and decreased 77% from 292,900 sequentially. Approximately 58% of March-quarter new customers were attributable to the Monex acquisition.
- Fourth-quarter DTC active customers decreased 6% to 160,700 year over year and decreased 35% from the March 31, 2026 quarter.
- Fiscal-year gross profit margin decreased to 1.776 % from 1.921 % in fiscal year 2025.
- Fiscal-year selling, general, and administrative expenses increased 98.0 % to $ (275,582 ) (in thousands), and interest expense increased 32.3 % to $ (61,110 ) (in thousands).
What to watch
- Demand trends in gold and silver ounces sold, following fourth-quarter gold ounces sold of 521,000 and silver ounces sold of 15,317,500.
- DTC new and active customer trends, including the impact of acquired customers from Monex and earlier acquisitions.
- Gross profit margin following the fourth-quarter margin of 2.204 % and fiscal-year margin of 1.776 %.
- Integration and contribution of Monex and SMI, which were acquired in January 2026 and April 2026, respectively.
- The trajectory of liabilities on borrowed metals, inventories, product financing arrangements, and deferred revenue and other advances.
- Execution of the declared special cash dividend of $1.00 per share and quarterly cash dividend of $0.20 per share on September 28, 2026.
Balance sheet and cash flow
- Cash was $ 577,976 (in thousands) as of June 30, 2026, compared with $ 77,741 (in thousands) as of June 30, 2025.
- Inventories were $ 1,561,851 (in thousands) and restricted inventories were $ 798,485 (in thousands) as of June 30, 2026.
- Secured loans receivable was $ 115,128 (in thousands) as of June 30, 2026, compared with $ 94,037 (in thousands) as of June 30, 2025.
- Liabilities on borrowed metals were $ 776,061 (in thousands) as of June 30, 2026, compared with $ 46,051 (in thousands) as of June 30, 2025.
- Product financing arrangements were $ 89,249 (in thousands) as of June 30, 2026, compared with $ 484,733 (in thousands) as of June 30, 2025.
- Lines of credit were — as of June 30, 2026, compared with $ 345,000 (in thousands) as of June 30, 2025.
- Total liabilities were $ 3,198,553 (in thousands) as of June 30, 2026, compared with $ 1,512,760 (in thousands) as of June 30, 2025.
- Capital expenditures for property, plant, and equipment were $ (12,708 ) (in thousands) for the year ended June 30, 2026, compared with $ (10,678 ) (in thousands) for the year ended June 30, 2025.
- Net cash used in investing activities was $ (90,078 ) (in thousands) for the year ended June 30, 2026, compared with $ (104,665 ) (in thousands) for the year ended June 30, 2025.
- Net cash used in financing activities was $ (632,471 ) (in thousands) for the year ended June 30, 2026, compared with $ (18,577 ) (in thousands) for the year ended June 30, 2025.
Analysis
Gold.com closed fiscal 2026 with fourth-quarter revenue of $ 5,005,014 (in thousands), up 99.2 % from the year-ago quarter but down (51.6 %) from the March 31, 2026 quarter. Management attributed year-over-year growth to higher average selling prices of gold and silver, higher gold ounces sold, and the Monex and SMI acquisitions, partly offset by lower silver ounces sold. Excluding the increase of $0.9 billion of forward sales, management said fourth-quarter revenue increased $1.596 billion, or 94%.
Quarterly profitability expanded year over year but weakened materially sequentially. Gross profit rose 35.0 % to $ 110,297 (in thousands), while gross profit margin declined to 2.204 % from 3.252 % a year earlier. Net income attributable to the Company increased 17.8 % to $ 12,157 (in thousands), and diluted EPS was unchanged at $ 0.41. From the March quarter, gross profit declined (37.5 %), net income attributable to the Company declined (79.6 %), and diluted EPS declined (80.4 %). Non-GAAP adjusted net income before provision for income taxes increased 29.1 % year over year to $ 24,741 (in thousands), while EBITDA declined (3.3 %) to $ 28,188 (in thousands).
Customer acquisition and transaction indicators were mixed. Gold ounces sold increased 51% year over year to 521,000, while silver ounces sold decreased 2% to 15,317,500. DTC new customers declined 38% year over year to 67,900 and active customers declined 6% to 160,700. Conversely, DTC average order value increased $1,113, or 46%, to $ 3,556, and JM Bullion average order value increased $301, or 12%, to $ 2,716. The Direct-to-Consumer segment contributed 66% of consolidated gross profit, compared with 63% in the prior-year quarter.
Fiscal-year results were substantially higher than fiscal 2025. Revenue increased 132.4 % to $ 25,513,409 (in thousands), gross profit increased 114.8 % to $ 453,144 (in thousands), net income attributable to the Company increased 375.4 % to $ 82,341 (in thousands), and diluted EPS increased 325.4 % to $ 3.02. Fiscal-year EBITDA increased 178.9 % to $ 179,750 (in thousands). Gross profit margin decreased to 1.776 % from 1.921 %, while selling, general, and administrative expenses increased 98.0 % to $ (275,582 ) (in thousands), including $104.3 million of expenses from newly acquired or partially included subsidiaries.
Cash increased to $ 577,976 (in thousands) at June 30, 2026 from $ 77,741 (in thousands) a year earlier, and fiscal-year net cash provided by operating activities was $ 1,222,784 (in thousands). The cash-flow presentation included $1,583,854 (in thousands) of deferred revenue and other advances and $ (158,855 ) (in thousands) of inventories in operating cash-flow changes. The Board declared a special cash dividend of $1.00 per share and maintained a quarterly cash dividend of $0.20 per share, both payable September 28, 2026. The filing provided no forward financial guidance.
Management, verbatim
Fiscal 2026 was a transformational year highlighted by continued growth through both organic expansion and strategic acquisitions, our rebranding to Gold.com, and outstanding financial results that underscored the strength of our vertically integrated model.
Greg Roberts, CEO
Fourth quarter performance was solid as we delivered net income of $12.2 million and earnings per diluted share of $0.41, even as market conditions softened.
Greg Roberts, CEO
Completing the acquisition of Sunshine Minting (“SMI”) in April was a major milestone that significantly expands our total production capacity and creates a clear pathway to capturing additional value and market share globally.
Greg Roberts, CEO
Not in the filing
stated, not guessed- Forward revenue, gross margin, operating-expense, tax-rate, or other financial guidance was not provided.
- Prior-release outlook was not provided.
- Segment revenue figures and segment-level revenue comparisons were not provided.
- GAAP operating income was not provided.
- Free cash flow was not provided.
- Non-GAAP earnings per share was not provided.
- A reported tax rate was not provided.
- Fourth-quarter weighted-average shares outstanding were not provided.
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Gold.com rebranded from its previous name and completed the acquisition of Sunshine Minting in April 2026.
Ticker impact
SEC Form 8‑K reports Gold.com’s FY 2026 earnings, revenue, net income and a $1.00 special dividend.
Potential modest upside if market rewards revenue surge; dividend may support price floor.
Earnings beat on revenue but EPS unchanged; dividend adds modest support.
Market effects
Highlights growth in precious‑metals retail and storage sector.
U.S. investors may see increased exposure to gold‑related assets.
May influence broader commodity sentiment given gold price dynamics.
Counterpoint
Revenue surge may be unsustainable; margin pressure could lead to price weakness.
Key entities
- ExecutiveGreg Roberts
CEO of Gold.com, quoted on FY 2026 performance.
- CompanySunshine Minting (SMI)
Acquired in April 2026, expanding production capacity.
