Gold.com reported a revenue decline of 11% year-over-year to $3.27 billion for the fiscal first quarter ended September 30, 2026. Despite lower top-line results primarily due to decreased forward sales, net income rose significantly to $1.6 million, supported by margin expansion and the integration of recent acquisitions.
Key Highlights
- Physical volume growth saw gold ounces sold increase 5% year-over-year to 463,000 and silver ounces sold surge 35% to 14.0 million.
- Gross profit margin expanded to 2.74% compared to 1.98% in the same period last year, reflecting a higher-margin sales mix.
- Direct-to-Consumer customer acquisition accelerated with 96,100 new customers, a 38% increase driven by the Monex acquisition and organic JM Bullion activity.
- Secured loans receivable grew 4% to $107.4 million, though the total number of loans decreased 12% to 372.