GoldMoney (XAU) AI Stock Analysis

• Market Cap: C$143.79M
• Dividend Yield: N/A
• Average Volume (3M): 13.22K
• Price to Earnings (P/E): 5.2
• Beta (1Y): 0.32
• Revenue Growth: 113.25%
• EPS Growth: N/A
• Country: CA
• Employees: 27
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 0.53
• Shares Outstanding: 12,624,562
• 10 Day Avg. Volume: 15,668
• 30 Day Avg. Volume: 13,218
• PEG Ratio: -0.04
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 1.03
• P/FCF Ratio: 2.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: C$13.00 ▲(29.48% Upside)

The score is driven mainly by improved financial performance (strong TTM growth, margins, and ROE) and a very low P/E valuation. Offsetting these positives, technical indicators point to weak near-term momentum with the stock trading below key shorter-term moving averages.

Positive Factors

Revenue and profitability rebound

Sustained TTM revenue growth with healthy gross and net margins indicates the core platform and fee mix are driving improving unit economics. This strengthens durable earnings capacity, funds reinvestment in product and storage infrastructure, and supports longer-term scalability of the business model.

Improved return on equity and equity base

A meaningful recovery to positive ROE and an expanding equity base signal more efficient capital deployment and better loss absorption capacity. Improved ROE supports investor confidence and provides a more resilient capital foundation for funding operations and strategic partnerships over the medium term.

Positive cash generation and FCF quality

Consistent positive operating and free cash flow, with FCF tracking reported earnings (~1.0x), demonstrates earnings quality and internal funding ability. Reliable FCF supports ongoing storage and platform investments, reduces reliance on external capital, and underpins long-term financial flexibility.

Negative Factors

Earnings volatility and prior loss

Material swings in profitability, including a sizable loss in 2024, make future earnings less predictable and raise execution risk. Persistent volatility can increase cost of capital, complicate strategic planning, and limit confidence from customers and partners over a multi-quarter horizon.

Low operating cash coverage of debt

Operating cash flow covering only ~39% of debt reduces financial resilience and raises refinancing risk if conditions tighten. Limited coverage constrains the company’s ability to service or reduce debt during downturns, potentially forcing asset sales, higher borrowing costs, or reduced investment capacity.

Small scale and limited trading liquidity

A very small workforce and modest trading volume suggest limited operational scale and market liquidity, which can slow product development, restrict customer service bandwidth, and hamper rapid expansion. Scale constraints make it harder to compete with larger fintech or custody providers over time.

GoldMoney Business Overview & Revenue Model

Company Description

Goldmoney Inc. operates as a precious metal financial service and technology company worldwide. It is involved in the custody and storage of physical precious metals through Goldmoney.com online platform; and coin retailing and lending. The company also acts as dealer in the purchase and sale of physical precious metals in the form of bars, coins, and wafers through SchiffGold.com. In addition, it designs, manufactures, and sells gold and platinum jewelry through Mene.com. The company was formerly known as BitGold Inc. and changed its name to Goldmoney Inc. in July 2015. Goldmoney Inc. was founded in 2001 and is headquartered in Toronto, Canada.

How the Company Makes Money

GoldMoney generates revenue primarily through fees associated with its services. This includes transaction fees for buying and selling gold, storage fees for holding physical metals, and premium account services for enhanced features. The company may also earn interest on customer holdings and investment products linked to gold. Significant partnerships with banks and financial institutions can enhance its offerings and market reach, contributing to its earnings. Additionally, fluctuations in gold prices can impact the volume of transactions and customer interest, further influencing revenue.

GoldMoney Financial Statement Overview

Summary

TTM results show a strong rebound with revenue up 24.6%, solid profitability (~27% gross margin, ~20% net margin), and improved ROE (~14.7%). However, results have been volatile across years (including a sizable 2024 loss) and cash flow coverage of debt is relatively low (~0.39x), which tempers confidence.

Income Statement

TTM (Trailing-Twelve-Months) results show a strong rebound, with revenue up 24.6% and healthy profitability (about 27% gross margin and ~20% net margin). Annual results were more volatile: 2024 posted a sizable loss with negative margins despite decent gross margin, but 2025 returned to solid profitability with improved margins. Key watchout is this earnings variability across years, which lowers confidence versus consistently profitable peers.

Balance Sheet

Leverage is moderate in the latest period (debt-to-equity ~0.47 TTM (Trailing-Twelve-Months)), and equity has grown versus prior years, supporting the balance sheet. Returns on equity have improved to ~14.7% TTM (Trailing-Twelve-Months) after being negative in 2024, indicating a meaningful recovery in profitability. Risk factors include the step-up in absolute debt since 2024 and the company’s history of earnings swings, which can pressure capital durability in weaker periods.

Cash Flow

Cash generation is positive in TTM (Trailing-Twelve-Months) with operating cash flow and free cash flow both around $32M, and free cash flow up ~7.3%. Free cash flow closely tracks reported earnings (near 1.0x), suggesting earnings quality is solid. The main weakness is that operating cash flow covers a relatively small portion of debt in the latest period (coverage ~0.39x), and cash flow has shown meaningful variability year-to-year (including negative operating cash flow in 2022).

Breakdown	TTM	Dec 2024	Dec 2024	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	126.91M	65.57M	101.83M	84.84M	662.25M	458.87M
Gross Profit	34.49M	21.26M	31.89M	19.72M	27.24M	9.07M
EBITDA	31.62M	-5.71M	20.88M	7.03M	13.80M	-8.02M
Net Income	25.24M	-24.52M	14.57M	6.80M	11.65M	-9.71M
Balance Sheet
Total Assets	343.88M	185.48M	341.92M	176.05M	190.22M	190.22M
Cash, Cash Equivalents and Short-Term Investments	9.21M	13.33M	12.73M	43.27M	28.56M	28.56M
Total Debt	83.38M	38.84M	84.11M	0.00	1.55M	1.55M
Total Liabilities	164.80M	44.30M	178.94M	3.93M	9.72M	9.72M
Stockholders Equity	179.09M	141.18M	162.98M	172.54M	180.49M	180.49M
Cash Flow
Free Cash Flow	32.03M	67.06M	49.73M	20.98M	-7.23M	371.62K
Operating Cash Flow	32.09M	67.07M	49.74M	20.99M	-7.18M	411.80K
Investing Cash Flow	-66.40M	-126.03M	-64.04M	1.93M	10.55M	-3.04M
Financing Cash Flow	33.37M	31.95M	37.85M	-10.03M	-1.25M	-6.26M

GoldMoney Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:XAU, the sentiment is Positive. The current price of 10.04 is below the 20-day moving average (MA) of 10.49, below the 50-day MA of 10.61, and above the 200-day MA of 9.70, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 76.14 is Negative, neither overbought nor oversold. The STOCH value of 90.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:XAU.

GoldMoney Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
XAU	71 Outperform	C$143.79M	5.19	11.44%	―	113.25%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
GLXY	65 Neutral	C$16.87B	―	-2.77%	―	―	-121.84%
BIGG	52 Neutral	C$24.51M	-1.63	-63.28%	―	36.80%	9.34%
DMGI	52 Neutral	C$57.70M	-5.12	-10.10%	―	39.64%	-70.96%
BITF	46 Neutral	C$2.01B	-10.05	-17.06%	―	51.69%	28.00%
DEFI	45 Neutral	C$86.46M	-2.96	-90.12%	―	972.76%	-192.94%

GoldMoney Corporate Events

Goldmoney Inc. Reports Q2 2026 Financial Results with Increased Equity but Lower Net Income

Goldmoney Inc. reported its financial results for the fiscal second quarter of 2026, showing a 5.2% increase in Group Tangible Equity to $166.1 million and a 4.6% rise in Tangible Equity per share. Despite these gains, the company experienced a 31.2% decrease in Non-IFRS Adjusted Net Income, highlighting challenges in maintaining profitability. The repurchase and cancellation of 59,900 shares at an average price of $9.06 indicate a strategic move to enhance shareholder value. These results reflect the company’s ongoing efforts to strengthen its financial position amid fluctuating market conditions.

The most recent analyst rating on (TSE:XAU) stock is a Buy with a C$13.50 price target. To see the full list of analyst forecasts on GoldMoney stock, see the TSE:XAU Stock Forecast page.