Gold.com (GOLD) Q2 2026 earnings summary

Executive summary

• Completed rebranding to Gold.com, relisted on NYSE, and closed the acquisition of Monex Deposit Company, marking a new era as a diversified, vertically integrated precious metals and collectibles platform.

• Announced a strategic investment from Tether, including $150 million in equity and a $100 million gold leasing facility, plus commercial agreements for storage and stablecoin integration.

• Revenue for Q2 2026 surged 136% year-over-year to $6.48 billion, driven by higher average selling prices, increased gold sales, and acquisitions of SGI, Pinehurst, and AMS.

• Net income for Q2 2026 was $11.6 million ($0.46 per diluted share), up 77% year-over-year.

• International operations, especially in Asia, showed positive momentum, with strong retail and wholesale activity in Hong Kong.

Financial highlights

• Fiscal Q2 2026 revenue rose 136% year-over-year to $6.5 billion; excluding $2.5 billion in forward sales, revenue increased 69%.

• Gross profit for Q2 increased 109% to $93.4 million, though gross margin declined to 1.44%.

• Adjusted net income before taxes for Q2 was $23.2 million, up 74% year-over-year.

• EBITDA for Q2 was $33.9 million, up 109% year-over-year.

• Interest expense for Q2 rose 57% to $16.3 million, driven by higher product financing and precious metal lease rates.

Outlook and guidance

• Management anticipates continued growth from recent acquisitions, new commercial agreements, and international expansion, with sufficient liquidity to meet commitments for at least the next twelve months.

• Consumer demand remains elevated into Q3, with premium spreads expanding and market conditions shifting from backwardation to contango, expected to benefit trading.

• Focus remains on integrating acquisitions, optimizing expenses, and unlocking synergies.

• Board declared a $0.20 per share quarterly dividend, payable in March 2026.