NYSE$GOLD

Gold.com Inc · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

A-Mark Precious Metals reported fiscal Q1 2026 revenue of $3.68B with net income of $9.0M.

Revenue increased 35.6% to $3.68 billion on higher gold volumes and prices plus acquisitions (SGI, Pinehurst, AMS). Net income was $9.0 million for the quarter ended September 30, 2025, reflecting thin margins typical of wholesale precious metals.

  • Fiscal Q1 revenue $3.68B (+35.6% YoY).
  • Gold and silver volume and price drove top line.
  • Acquisitions contributed to revenue growth.
  • Wholesale spread business remains volume-sensitive.

Headline financials

Total Revenue

$3.68B

Previous: $2.72B+35.6%
EPS (adj)

-$0.04

Previous: $0.37-110.8%
Gross Profit Margin

2.0%

Previous: 1.6%+23.7%
Gold Ounces Sold

439.0K

Previous: 398.0K+10.3%
Silver Ounces Sold

10.4M

Previous: 20.4M-49.2%
Secured Loans at Period End

424

Previous: 562-24.6%
Secured Loans Receivable

$104M

Previous: $102M+1.7%
DTC New Customers

69.4K

Previous: 55.3K+25.5%
DTC Active Customers

147.3K

Previous: 129.9K+13.4%
DTC Total Customers

4.3M

Previous: 3.1M+36.6%
DTC Average Order Value

$3.86K

Previous: $2.97K+30.2%
JMB Average Order Value

$2.54K

Previous: $2.2K+15.7%
CyberMetals New Customers

1.7K

Previous: 1.5K+13.3%
CyberMetals Active Customers

1.8K

Previous: 1.7K+5.9%
CyberMetals Total Customers

38.7K

Previous: 31.1K+24.4%
CyberMetals Customer AUM

$13.8M

Previous: $8.3M+66.3%
Capital Expenditures

-$1.97M

Previous: -$607K-225.2%
Net Income

-$939K

Previous: $8.98M-110.5%
Operating Income

$5.57M

Previous: $13.3M-58.2%
Gross Profit

$72.9M

Previous: $43.4M+67.8%

Revenue & EPS history

A-Mark Precious Metals · Revenue · Quarterly

$3.68B

Q1 2026+35.6%vs Q1 2025
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

A-Mark Precious Metals · $533M total across 1 segment · Q3 2023

  • Direct-to-Consumer
    $533M-9.8%

Forward guidance

Management discusses volume, pricing, capital returns, and segment outlook for upcoming quarters in the 10-Q MD&A.

Tailwinds

  • Operational metrics and demand trends cited versus prior year.
  • Balance sheet and cash flow support ongoing investment or returns.

Headwinds

  • Commodity, labor, or rate sensitivity may affect margins quarter to quarter.
  • One-time items can distort GAAP earnings comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.5%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+2.2%

Avg return

30 days after

50%

28 / 56 earnings

Positive

+29.2%

Q4 2020

Best reaction

-16.1%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+0.4%+1.0%-8.4%
Q2 2026+9.9%+24.9%+4.1%
Q1 2026+1.7%+5.2%+23.6%
Q3 2025-13.4%-5.4%-12.4%
Q2 2025+1.0%+1.4%-2.2%
Q1 2025-16.1%-16.8%-23.6%
Q4 2024+8.3%+11.0%+25.0%
Q3 2024-7.3%-9.7%-12.2%
Q2 2024-1.8%-0.7%+5.6%
Q1 2024-9.6%-9.6%+8.2%
Q4 2023+9.0%+5.6%-15.5%
Q3 2023+3.7%+1.9%+3.3%
Q2 2023-14.9%-22.1%-25.2%
Q1 2023+15.8%+21.2%+28.5%
Q4 2022-15.1%-20.6%-22.2%
Q3 2022-9.2%-16.2%-4.4%
Q2 2022+10.8%+12.2%+9.9%
Q1 2022-8.9%-12.7%-22.2%
Q4 2021+18.4%+16.8%+40.2%
Q3 2021+14.0%+36.5%+20.0%
Q2 2021-15.1%-15.8%+2.4%
Q1 2021+18.0%+14.2%+13.4%
Q4 2020+29.2%+25.9%+44.2%
Q3 2020+8.7%+13.9%+22.3%
Q2 2020+0.7%-1.7%+2.4%
Q1 2020+3.6%+3.9%-8.6%
Q4 2019-10.8%-13.5%-8.2%
Q3 2019+10.3%+13.1%+17.6%
Q2 2019-1.4%-3.5%-7.6%
Q1 2019+6.1%+1.1%-1.8%
Q4 2018-4.8%-12.7%-2.0%
Q3 2018-3.0%-0.4%+3.3%
Q2 2018-9.4%-10.3%-6.5%
Q1 2018-0.8%+2.8%-1.1%
Q4 2017-6.8%-5.7%-6.2%
Q3 2017-10.8%-9.4%-9.7%
Q2 2017+6.7%+15.6%+0.0%
Q1 2017+12.7%+13.3%+21.7%
Q4 2016-4.6%-3.1%-8.6%
Q3 2016-3.2%
Q2 2016+5.3%
Q1 2016+4.9%
Q4 2015+1.7%
Q3 2015+3.0%
Q2 2015-4.3%
Q1 2014+0.8%
Q1 2015-0.2%
Q4 2014-2.4%
Q4 2013-2.4%
Q4 2012-2.4%
Q2 2014-2.4%
Q3 2012-2.4%
Q1 2013-2.4%
Q3 2014+0.6%
Q3 2013+4.2%
Q2 2013+4.2%

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