Gold.com (GOLD)
NYSE:GOLD
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Gold.com
(NYSE:GOLD)
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Rating:67Neutral
Price Target:
$49.00
▲(1.70% Upside)
Action:ReiteratedDate:05/09/26
The score is driven primarily by improved financial resilience (major debt reduction) alongside strong revenue growth, tempered by very thin margins and operating-pressure signals. Valuation is a meaningful positive given the very low P/E, while technicals are a mild headwind due to negative MACD and price sitting below key moving averages. The latest earnings call was constructive (record results and synergy/market-structure tailwinds), though cost and integration/financing risks remain.
Positive Factors
Accelerating Revenue and Platform Scale
Sustained, large top-line expansion and transaction volume (ounces sold and DTC customers growth) indicate the company is scaling its integrated platform and distribution. Over 2–6 months this enlarges market share, increases network effects across minting, storage and retail channels, and supports recurring fee opportunities beyond single-quarter price moves.
Negative Factors
Very Thin Gross Margins and Volatile Profitability
Persistently razor-thin gross margins and negative operating metrics constrain the company's ability to convert revenue into durable profits. Over months this limits reinvestment, exposes returns to small pricing or cost swings, and raises the bar for scale-driven margin recovery amid cyclical commodity pricing.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue and Platform Scale
Sustained, large top-line expansion and transaction volume (ounces sold and DTC customers growth) indicate the company is scaling its integrated platform and distribution. Over 2–6 months this enlarges market share, increases network effects across minting, storage and retail channels, and supports recurring fee opportunities beyond single-quarter price moves.
Read all positive factors
Gold.com (GOLD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.15B
Dividend Yield0%
Average Volume (3M)585.13K
Price to Earnings (P/E)4.3
Beta (1Y)0.95
Revenue Growth109.44%
EPS Growth93.62%
CountryUS
Employees482
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)3.10
Shares Outstanding25,296,991
10 Day Avg. Volume543,503
30 Day Avg. Volume585,132
Financial Highlights & Ratios
PEG Ratio-0.40
Price to Book (P/B)0.81
Price to Sales (P/S)0.05
P/FCF Ratio3.70
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue0.05
Enterprise Value/Gross Profit6.55
Enterprise Value/Ebitda-18.29
Forecast
1Y Price Target
$66.33Price Target Upside37.68% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)3.07
Revenue Forecast (FY)$18.81B
Gold.com Business Overview & Revenue Model
Company Description
Gold.com, Inc., together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services s...
How the Company Makes Money
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Gold.com Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Aug 27, 2026
Earnings Call Sentiment Positive
The call conveyed a distinctly positive performance quarter: record top‑line growth (Q3 revenue +244%), a swing to profitable results (Q3 net income ~$60M vs. a loss prior year), large EBITDA and adjusted earnings improvements, expanded liquidity and storage, and tangible benefits from recent acquisitions and the Tether partnership. Key operational metrics (gold and silver ounces sold, platform scale, minting capacity) strengthened materially. Offsetting risks include materially higher SG&A, rising interest and amortization costs largely tied to acquisitions and financing, a YoY decline in organic new customer acquisition, larger inventories and sensitivity to market structure (backwardation/contango). On balance, the positive financial and strategic developments substantially outweigh the challenges, though the company remains exposed to market volatility and integration/financing costs.Positive Updates
Record Revenue Growth
Q3 revenue increased 244% to $10.3 billion from $3.0 billion a year ago; excluding $4.3 billion of forward sales, revenues grew $2.9 billion or 187%. Nine‑month revenue rose 142% to $20.5 billion from $8.4 billion; excluding $7.4 billion of forward sales, nine‑month revenue increased 95%.
Negative Updates
Large Increase in SG&A Expenses
Q3 SG&A rose 134% to $78 million from $33 million a year ago; nine‑month SG&A increased 130% to $197 million. Approximately 75%–84% of the period‑over‑period SG&A increase was attributable to acquisitions (SGI, Pinehurst, AMS, Monnex); excluding those, Q3 SG&A rose ~$11.6M.
Read all updates
Q3-2026 Updates
Positive
Negative
Record Revenue Growth
Q3 revenue increased 244% to $10.3 billion from $3.0 billion a year ago; excluding $4.3 billion of forward sales, revenues grew $2.9 billion or 187%. Nine‑month revenue rose 142% to $20.5 billion from $8.4 billion; excluding $7.4 billion of forward sales, nine‑month revenue increased 95%.
Read all positive updates
Company Guidance
Management guided that market conditions have moderated into a more “normalized” contango environment—which they expect to see fully benefit Q4 (Apr–Jun) as backwardation-related headwinds abate—and emphasized continued integration and SG&A/gross‑profit synergies from recent acquisitions (Monnex, Sunshine now 100% owned, SGI, Pinehurst, AMS), ongoing M&A, and prioritized capital deployment (debt paydown, inventory, acquisitions, buybacks, dividends), with any special dividend to be revisited after Q4 (the board declared the regular quarterly cash dividend of $0.00). Key metrics cited in support: Q3 revenue $10.3B (+244% YoY) with gross profit $176M (1.7% margin) and net income ≈$60M ($2.09 diluted), adjusted pre‑tax income $87M, EBITDA $103.4M, cash $143.0M, non‑restricted inventory $1.319B, storage roughly doubled from $1.1B to ~$2.2B, Q3 ounces sold of 538k oz gold (+25% YoY) and 34.6M oz silver (+120% YoY), total DTC customers ~4.7M (+40% YoY) with 292,800 new Q3 DTC customers (≈58% from Monnex), secured loan portfolio $126M (+46% YoY), and strategic Tether investments of 3,370,787 shares at $44.50 ($150M total) plus $20M of XAUT.Gold.com Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
71
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.02B | 10.98B | 9.70B | 9.29B | 8.16B | 7.61B |
| Gross Profit | 169.58M | 210.92M | 173.25M | 294.67M | 261.76M | 210.20M |
| EBITDA | -60.70M | 90.39M | 133.71M | 247.22M | 215.71M | 223.46M |
| Net Income | 80.51M | 17.32M | 68.55M | 156.36M | 132.54M | 159.64M |
Balance Sheet | ||||||
| Total Assets | 4.17B | 2.22B | 1.83B | 1.55B | 1.44B | 1.19B |
| Cash, Cash Equivalents and Short-Term Investments | 143.61M | 77.74M | 48.64M | 39.32M | 37.78M | 101.41M |
| Total Debt | 105.32M | 906.72M | 775.11M | 670.58M | 597.72M | 484.57M |
| Total Liabilities | 3.27B | 1.51B | 1.17B | 945.18M | 952.19M | 827.64M |
| Stockholders Equity | 847.32M | 649.52M | 607.63M | 599.12M | 488.61M | 362.62M |
Cash Flow | ||||||
| Free Cash Flow | 111.14M | 141.67M | 45.16M | -52.05M | -92.05M | -54.77M |
| Operating Cash Flow | 124.15M | 152.35M | 60.93M | -47.27M | -89.17M | -52.65M |
| Investing Cash Flow | -124.85M | -104.67M | -63.60M | 6.84M | -60.56M | -130.39M |
| Financing Cash Flow | 29.96M | -18.58M | 11.98M | -12.27M | 86.11M | 232.13M |
Gold.com Technical Analysis
Positive
48.18
Price Trends
49.99
Negative
43.48
Positive
33.98
Positive
Market Momentum
-0.49
Negative
58.86
Neutral
75.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GOLD, the sentiment is Positive. The current price of 48.18 is above the 20-day moving average (MA) of 43.06, below the 50-day MA of 49.99, and above the 200-day MA of 33.98, indicating a neutral trend. The MACD of -0.49 indicates Negative momentum. The RSI at 58.86 is Neutral, neither overbought nor oversold. The STOCH value of 75.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GOLD.
Gold.com Risk Analysis
Gold.com disclosed 49 risk factors in its most recent earnings report. Gold.com reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Gold.com Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
Performance Comparison
Gold.com Corporate Events
Executive/Board Changes
Gold.com adds Tether-affiliated director amid board transition
Neutral
Mar 16, 2026
On March 16, 2026, TPM, S.A. de C.V., exercising its nomination rights as a significant shareholder of Gold.com, Inc., designated Juan Sartori for a seat on the company’s Board of Directors, and the Board approved his appointment. Sartori, w...
Business Operations and StrategyPrivate Placements and Financing
Gold.com Expands Revolving Credit Facility and Financing Capacity
Positive
Feb 19, 2026
On February 13, 2026, Gold.com, Inc. amended its existing revolving credit facility by entering into an Incremental Facility Agreement and First Amendment with CIBC Bank USA and other lenders, raising total revolving commitments to $427.5 million....
Business Operations and StrategyPrivate Placements and Financing
Gold.com Secures $150 Million PIPE from Tether Affiliate
Positive
Feb 9, 2026
On February 4, 2026, Gold.com entered into a $150 million PIPE equity financing with TPM, an affiliate of Tether Global Investments Fund, involving the sale of 3,370,787 common shares at $44.50 each, an 11.9% discount to the 10-day NYSE VWAP. The ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.