Gold.com Reports Q2 Revenue of $6.48B
Reports Q2 revenue $6.48B vs. $2.74B last year. "Our second quarter results demonstrate our ability to successfully navigate rapidly evolving market conditions. During the quarter, we experienced an increase in consumer demand across our platforms, however, premium spreads remained tight and backwardation in the silver market contributed to trading losses and higher interest expense due to increases in product financing and precious metals lease rates. Despite these headwinds, we delivered $11.6 million in net income and earnings of $0.46 per diluted share, demonstrating the resilience of our diversified platform and disciplined approach to managing market volatility. During the quarter, we completed several important strategic initiatives, including our rebranding from A-Mark Precious Metals to Gold.com, the transfer of our stock listing from NASDAQ to the New York Stock Exchange under the ticker symbol 'GOLD', and the relocation of our corporate headquarters to Costa Mesa, California. In January 2026, we closed the acquisition of Monex Deposit Company, one of the largest and most established direct-to-consumer precious metal dealers in the United States. These milestones reflect the continued evolution of our business and position us to enhance our visibility, liquidity, and alignment with our long-term strategy. We are also making meaningful progress in optimizing our expense structure and in unlocking synergies from our recent acquisitions as we continue to integrate these businesses and realize additional cost savings. Internationally, performance at LPM in Hong Kong remains strong, with both retail showroom activity and wholesale trading volumes showing positive momentum. Asia continues to represent an attractive long-term growth opportunity, and we remain focused on expanding our presence across the region. With an expanded portfolio of brands, improved operational leverage, and continued international focus, we believe Gold.com is well-positioned to capture growth across multiple channels and deliver long-term value for our shareholders," said Gold.com CEO Greg Roberts.
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- Investment Agreement: Gold.com announced a definitive agreement with Tether, under which Tether will invest $150 million through common stock purchases, reflecting strong confidence in Gold.com's future growth potential.
- Share Details: Tether will acquire approximately 3.37 million shares at $44.50 each, with an initial investment of about $125 million and an additional $25 million pending regulatory approval, indicating a cautious optimism about market prospects from both parties.
- Board Nomination Rights: Tether will have the right to nominate one director, which not only enhances its influence within Gold.com but may also provide strategic guidance to foster business development.
- Planned Use of Funds: Gold.com intends to allocate $20 million of the proceeds to invest in Tether's gold-backed stablecoin XAU₮, signaling the company's intent to position itself in the digital asset space and enhance its competitive edge.
- Quarterly Dividend Announcement: Gold.com has declared a quarterly dividend of $0.20 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 1.59% reflects the company's competitiveness in the current market environment, potentially boosting shareholder confidence and stabilizing the stock price.
- Shareholder Record Date: The dividend will be payable on March 4, with a record date of February 20 and an ex-dividend date also on February 20, ensuring that eligible shareholders receive their dividends promptly, thereby enhancing their willingness to hold shares.
- Investor Attention: Gold.com is also set to receive a $150 million investment from Tether, which could further enhance the company's market position and future growth potential.
- Earnings Performance: Gold.com reported a Q2 GAAP EPS of $0.46, missing expectations by $0.01, indicating pressure on profitability that could affect investor confidence.
- Revenue Surge: The company achieved revenue of $6.48 billion, a 136.5% year-over-year increase, reflecting strong business expansion and market demand, despite the earnings miss.
- Investment Injection: Gold.com is set to receive a $150 million investment from Tether, which will enhance the company's financial stability and support future growth strategies.
- Market Dynamics: Amid a significant liquidation event, gold, silver, and stocks faced selling pressure, highlighting volatility in market sentiment that may impact Gold.com's stock price in the short term.

Role of the Federal Reserve: Former Fed Chair William McChesney Martin emphasized that the central bank's duty is to curb excesses in the economy, akin to removing a punchbowl when the party is in full swing.
Impact of Kevin Warsh's Nomination: Kevin Warsh's nomination by President Donald Trump to lead the Fed has seemingly deflated a bubble in precious metals, indicating his influence even before taking office.
- Silver Price Crash: Silver prices plummeted over 30% on Friday, marking a historic low, primarily driven by a strengthening US dollar and investor reactions to Trump's Federal Reserve nomination, reflecting market anxiety about the future.
- Pessimistic Market Outlook: CPM Group analyst Jeffrey Christian anticipates that silver prices may continue to decline, warning that further drops could trigger a mass exit from the market, with worst-case scenarios predicting prices could fall to $68 an ounce, indicating an additional 17% decrease.
- Shifts in Investor Sentiment: CPM Group is closely monitoring several indicators, including diminishing investor interest in silver, rising inventories, and changes in trading momentum in silver, bonds, and related ETFs, which may signal further declines in the silver market.
- Future Projections: Despite the recent crash, Christian believes silver prices could remain high or even rise through 2026, but he cautions investors to prepare for potential further declines, as the market behavior is not surprising.
- Precious Metal Price Drop: On Friday, gold prices fell by approximately 15% and silver by nearly 38%, resulting in a combined market value loss of around $15 trillion, which has sparked extensive discussions within the crypto community.
- Bitcoin's Potential: Changpeng Zhao pointed out that despite gold and silver's thousands of years of history, their prices can still fluctuate dramatically, indicating that traditional assets are not immune to extreme shocks.
- Early Stage of Cryptocurrencies: Zhao emphasized that Bitcoin, being only 17 years old, is still in its infancy, and other crypto assets are even younger, suggesting significant growth potential remains in the market.
- Reevaluation of Investment Strategies: This event may prompt investors to reconsider their investment strategies and explore opportunities within the crypto market, especially in light of the increasing volatility of traditional assets.










