Acquisition of Monex Deposit Company
A-Mark announced the acquisition of Monex Deposit Company, one of the nation's largest direct-to-consumer precious metals dealers. This acquisition is expected to strengthen A-Mark's direct-to-consumer presence by leveraging Monex's established brand, reputation, and customer base.
Rebranding and Relisting to Gold.com
A-Mark is rebranding to gold.com and transferring its listing to the New York Stock Exchange under the GOLD ticker, marking a strategic move to enhance its corporate identity and leadership in the precious metals market.
Significant Revenue Growth
Revenues for Q1 fiscal '26 increased by 36% to $3.68 billion from $2.72 billion in Q1 of the previous year, driven by an increase in gold ounces sold and higher average selling prices of gold and silver.
Increase in Gross Profit
Gross profit for Q1 fiscal '26 increased by 68% to $72.9 million, reflecting improved demand and strong auction results from recently acquired Stack's Bowers galleries.
Strong International Performance
A-Mark's expansion into Asia with LPM has delivered sizable contributions this quarter, indicating strong future potential in international markets.