NYSE$GOLD

Gold.com Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

A-Mark Precious Metals reported its fiscal second quarter 2025 results, with diluted EPS of $0.27 and net income of $6.6 million.

A-Mark Precious Metals reported a decrease in net income and diluted EPS for the fiscal second quarter of 2025 compared to the prior year, despite an increase in revenues. The company's gross profit also saw a slight decrease. Strategic initiatives, including facility expansion and a definitive agreement to acquire Spectrum Group International, are underway.

  • Diluted earnings per share for Q2 FY 2025 were $0.27, a 53% decrease compared to $0.57 in Q2 FY 2024.
  • Net income attributable to the Company decreased 52% to $6.6 million in Q2 FY 2025 from $13.8 million in Q2 FY 2024.
  • Revenues increased 32% to $2.742 billion in Q2 FY 2025 from $2.079 billion in Q2 FY 2024.
  • The company repurchased 169,512 common shares for $5.1 million and reaffirmed its quarterly cash dividend policy of $0.20 per share.

Headline financials

Total Revenue

$2.74B

Previous: $2.08B+31.9%
EPS (adj)

$0.27

Previous: $0.57-52.6%
Gross Profit Margin

1.6%

Previous: 2.2%-26.6%
Gold Ounces Sold

466.0K

Previous: 450.0K+3.6%
Silver Ounces Sold

21.8M

Previous: 26.6M-17.9%
Secured Loans at Period End

518

Previous: 715-27.6%
Secured Loans Receivable

$98.5M

Previous: $107M-7.6%
DTC New Customers

65.4K

Previous: 52.5K+24.6%
DTC Active Customers

140.1K

Previous: 136.4K+2.7%
DTC Total Customers

3.2M

Previous: 2.4M+30.6%
DTC Average Order Value

$3.18K

Previous: $2.22K+43.3%
JMB Average Order Value

$2.04K

Previous: $2.06K-0.9%
CyberMetals New Customers

2.0K

Previous: 1.4K+42.9%
CyberMetals Active Customers

1.7K

Previous: 1.9K-10.5%
CyberMetals Total Customers

33.1K

Previous: 26.2K+26.3%
CyberMetals Customer AUM

$8.2M

Previous: $6.5M+26.2%
Capital Expenditures

-$4.31M

Previous: -$1.94M-122.3%
Net Income

$6.56M

Previous: $13.8M-52.4%
Operating Income

$8.02M

Previous: $21.7M-63.1%
Gross Profit

$44.8M

Previous: $46M-2.8%

Revenue & EPS history

A-Mark Precious Metals · Revenue · Quarterly

$2.74B

Q2 2025+31.9%vs Q2 2024
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

The company is focused on strategic growth initiatives, including facility expansion, international reach, and M&A opportunities, while maintaining its dividend policy.

Tailwinds

  • Nearing completion of A-Mark Global Logistics (AMGL) facility expansion and logistics initiatives.
  • Executing plans for advancing reach in Asia and DTC presence in Singapore.
  • Entered into a definitive agreement to acquire Spectrum Group International (SGI) to expand into premium collectible and higher margin luxury markets.
  • Amended Trading Credit Facility to increase revolving commitment to $457MM from $422.5MM.
  • Committed to exploring additional opportunities to deliver value to shareholders over the long term.

Headwinds

  • Potential failure to execute the Company's growth strategy, including inability to identify suitable acquisition or investment opportunities.
  • Government regulations that might impede growth, particularly in Asia.
  • Inability to successfully integrate recently acquired businesses.
  • Potential adverse effects of current problems in national and global supply chains.
  • Increased competition for higher margin services, which could depress pricing.

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 Q2 2025

Historical avgQ2 2025

+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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