NYSE$GOLD

Gold.com Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

A-Mark Precious Metals reported fiscal Q3 2025 revenues of $3.0B with a net loss of $8.7M.

Revenues rose to $3.0B from $2.6B a year ago as wholesale precious metals volumes increased. The company reported a net loss of $8.7M as remeasurement and interest expense offset gross profit expansion.

  • Q3 revenues $3.0B (+15% YoY).
  • Net loss $8.7M; gross profit $41M.
  • Wholesale bullion and coin volumes drove top line.
  • Remeasurement loss on pre-existing equity interest $7M.
  • Precious metal spreads and rate environment affect quarterly earnings.

Headline financials

Total Revenue

$3.01B

Previous: $2.61B+15.3%
EPS (adj)

$0.24

Previous: $0.21+14.3%
Gross Profit Margin

1.4%

Previous: 1.3%+2.3%
Gold Ounces Sold

432.0K

Previous: 446.0K-3.1%
Silver Ounces Sold

15.7M

Previous: 25.7M-39.0%
Secured Loans at Period End

491

Previous: 675-27.3%
Secured Loans Receivable

$86.5M

Previous: $116M-25.2%
DTC New Customers

899.6K

Previous: 56.6K+1489.4%
DTC Active Customers

140.7K

Previous: 126.0K+11.7%
DTC Total Customers

4.1M

Previous: 2.5M+63.7%
DTC Average Order Value

$3.08K

Previous: $2.13K+44.6%
JMB Average Order Value

$1.99K

Previous: $2K-0.4%
CyberMetals New Customers

2.1K

Previous: 1.9K+10.5%
CyberMetals Active Customers

1.7K

Previous: 1.9K-10.5%
CyberMetals Total Customers

35.1K

Previous: 28.1K+24.9%
CyberMetals Customer AUM

$9.7M

Previous: $6.8M+42.6%
Capital Expenditures

-$6.78M

Previous: -$4.52M-50.1%
Net Income

-$8.55M

Previous: $5.01M-270.5%
Operating Income

-$2.16M

Previous: $8.48M-125.5%
Gross Profit

$41M

Previous: $34.8M+17.7%

Revenue & EPS history

A-Mark Precious Metals · Revenue · Quarterly

$3.01B

Q3 2025+15.3%vs Q3 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

Management discusses operational priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Execution on core operating metrics cited in MD&A.
  • Balance sheet liquidity and covenant headroom.
  • Strategic investments supporting long-term growth.

Headwinds

  • Macro demand and input-cost volatility.
  • Regulatory or competitive pressures in the sector.
  • One-time items affecting GAAP 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 Q3 2025

Historical avgQ3 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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