GoldMoney (XAU) AI Stock Analysis

• Market Cap: C$214.85M
• Dividend Yield: N/A
• Average Volume (3M): 13.22K
• Price to Earnings (P/E): 1.8
• Beta (1Y): 0.23
• Revenue Growth: 113.25%
• EPS Growth: N/A
• Country: CA
• Employees: 27
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 1.42
• Shares Outstanding: 12,426,462
• 10 Day Avg. Volume: 15,668
• 30 Day Avg. Volume: 13,218
• PEG Ratio: <0.01
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 1.84
• P/FCF Ratio: 1.80
• 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: 79 Outperform
• Price Target: C$22.00 ▲(119.12% Upside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is driven by very attractive valuation (P/E ~1.83) and improved TTM financial performance (strong growth, healthy margins, solid ROE and FCF conversion). Offsetting these positives, technicals are stretched (RSI/Stoch elevated) and the fundamentals show historical volatility and higher leverage than earlier years, which adds risk if conditions reverse.

Positive Factors

Revenue growth

Sustained TTM revenue growth (+33.9%) indicates the company is scaling its core metal-buying and custody platform, expanding transactional volumes and customer adoption. Over 2-6 months, this higher base supports durability of revenue streams and better fixed-cost absorption.

High margins and cash conversion

Strong operating and net margins with free cash flow roughly matching net income demonstrate efficient monetization of services and credible cash generation. This margin-to-cash conversion supports reinvestment, product development, and resilience across business cycles.

Niche fintech + precious-metals custody model

The company sits at the intersection of fintech and precious-metals custody, a specialized niche with structural demand for secure storage and digital access. This positioning creates customer stickiness, regulatory barriers to entry, and differentiated product utility over the medium term.

Negative Factors

Historical profitability volatility

Reported history includes prior loss-making periods and swings in profitability, reducing confidence that the current profitable run-rate is durable. For investors, this cyclicality implies earnings can reverse materially if volumes or metal price dynamics change.

Rising leverage versus earlier years

Debt-to-equity around 0.47 marks moderate leverage that has increased from prior low-debt years. Higher leverage reduces financial flexibility, raises interest and covenant risk, and can amplify earnings volatility if revenue or margins weaken.

Inconsistent cash-flow quality historically

While recent TTM FCF is strong, historical periods of negative operating and free cash flow indicate conversion volatility. This variability complicates reliable capital allocation and can force equity issuance or debt draws when cash flow weakens.

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

Current TTM results are strong (revenue +33.9%, EBIT margin ~24.4%, net margin ~19.9%, solid ROE ~14.7%, and FCF roughly matching net income). The score is tempered by historically volatile profitability/cash flow (including prior loss/negative periods) and rising leverage versus earlier years (debt-to-equity ~0.47), which reduces confidence in durability.

Income Statement

TTM (Trailing-Twelve-Months) shows a clear step-up in scale and profitability, with revenue up 33.9% and strong operating and net margins (EBIT margin ~24.4%, net margin ~19.9%). However, the annual history is volatile: prior periods show mixed profitability (including losses and negative margins in earlier years), which lowers confidence in the durability of the current run-rate.

Balance Sheet

The balance sheet is reasonably positioned with moderate leverage in TTM (Trailing-Twelve-Months) (debt-to-equity ~0.47) and solid profitability on equity (~14.7%). That said, leverage has risen versus earlier years (including periods with minimal debt), and historical returns on equity include negative years, highlighting some cyclicality and balance-sheet risk if earnings soften.

Cash Flow

Cash generation is currently strong: TTM (Trailing-Twelve-Months) free cash flow is essentially in line with net income (~1.0x) and free cash flow growth is solid (+36.4%). Offsetting this, cash flow quality has been inconsistent across years (including negative operating/free cash flow in the past), and the provided coverage indicator is relatively low in the latest TTM (Trailing-Twelve-Months), suggesting some variability in cash conversion/coverage depending on the period.

Breakdown	TTM	Mar 2024	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Income Statement
Total Revenue	169.98M	101.83M	84.84M	662.25M	458.87M	281.54M
Gross Profit	50.32M	31.89M	19.72M	27.24M	9.07M	6.26M
EBITDA	45.86M	20.88M	7.03M	13.80M	-8.02M	23.07M
Net Income	40.19M	14.57M	6.80M	11.65M	-9.71M	23.59M
Balance Sheet
Total Assets	383.77M	341.92M	176.05M	190.22M	190.22M	188.10M
Cash, Cash Equivalents and Short-Term Investments	104.95M	12.73M	43.27M	28.56M	28.56M	40.26M
Total Debt	93.03M	84.11M	0.00	1.55M	1.55M	1.15M
Total Liabilities	190.83M	178.94M	3.93M	9.72M	9.72M	6.26M
Stockholders Equity	192.94M	162.98M	172.54M	180.49M	180.49M	181.84M
Cash Flow
Free Cash Flow	43.68M	49.73M	20.98M	-7.23M	371.62K	2.52M
Operating Cash Flow	43.74M	49.74M	20.99M	-7.18M	411.80K	2.59M
Investing Cash Flow	-38.91M	-64.04M	1.93M	10.55M	-3.04M	11.96M
Financing Cash Flow	-5.23M	37.85M	-10.03M	-1.25M	-6.26M	-1.55M

GoldMoney Technical Analysis

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

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 17.11, below the 50-day MA of 13.72, and below the 200-day MA of 10.89, indicating a bullish trend. The MACD of 1.07 indicates Positive momentum. The RSI at 63.16 is Neutral, neither overbought nor oversold. The STOCH value of 42.24 is Neutral, 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	79 Outperform	C$214.85M	1.83	22.78%	―	113.25%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BIGG	52 Neutral	C$24.51M	7.22	-63.28%	―	36.80%	9.34%
BITF	46 Neutral	C$1.75B	-4.86	-20.47%	―	51.69%	28.00%
DEFI	45 Neutral	C$86.46M	44.16	-136.30%	―	972.76%	-192.94%
GLXY	45 Neutral	C$12.30B	-43.24	12.11%	―	―	-121.84%
DMGI	44 Neutral	$47.46M	-5.39	-10.10%	―	39.64%	-70.96%

GoldMoney Corporate Events

Goldmoney Sells London Property to Fund Strategic Real Estate Push

Goldmoney Inc. has sold its St James Place real estate property in the U.K. for gross proceeds of £37.9 million ($70.1 million) to a U.S.-based institutional investor. The divestment is designed to recycle capital into redevelopment projects within the existing property portfolio, pay down debt, and pursue additional strategic property acquisitions, signaling an effort to sharpen its real estate strategy and strengthen its balance sheet while supporting growth in its broader real assets platform.

The most recent analyst rating on (TSE:XAU) stock is a Buy with a C$16.50 price target. To see the full list of analyst forecasts on GoldMoney stock, see the TSE:XAU Stock Forecast page.

Goldmoney Posts Surge in Q3 Earnings and Tangible Equity, Boosts Shareholder Returns

Goldmoney Inc. reported a strong fiscal third quarter ended December 31, 2025, highlighted by an 8.3% quarter-over-quarter increase in group tangible equity to $179.9 million and a 10.3% rise in tangible equity per share to $14.45, with the metric excluding its MENE segment up 10.9% to $13.43. Non-IFRS adjusted net income surged 224.7% from the prior quarter to $21.4 million, supported by higher total operating income of $23.9 million and a significant improvement in profitability, while the company continued to return capital to shareholders by repurchasing and cancelling 222,700 shares at an average price of $11.41. These results underscore Goldmoney’s strengthening balance sheet and earnings profile, potentially enhancing its positioning in the precious metals and real assets market and signaling growing financial resilience for shareholders and other stakeholders.

The most recent analyst rating on (TSE:XAU) stock is a Hold with a C$12.50 price target. To see the full list of analyst forecasts on GoldMoney stock, see the TSE:XAU Stock Forecast page.