Gold.com
Gold.com's revenue rose 132.4% to $25.5 billion in fiscal 2026. Its net margin was 0.3%, up from 0.2% a year earlier. Free cash flow was $1.2 billion, up 754.2%. It paid out $22 million in dividends and buybacks, 2% of free cash flow. The diluted share count rose 11.5%.
Net margin is net income as a share of revenue. Free cash flow is cash from operations minus capital spending. Return on capital is after-tax operating income as a share of the money invested in the business: debt plus equity, minus cash. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.
Charts show fiscal years, from the 10-K filings.
What Gold.com does
Gold.com, which was called A-Mark Precious Metals until December 2025, buys and sells gold, silver, platinum, palladium and copper bullion, collectible coins and related products. Its customers include mints, refiners, coin and bullion dealers, banks, industrial users, investors, collectors and retail buyers on four continents.
It has three segments. Wholesale Sales & Ancillary Services sells bullion and coins to businesses and also provides financing, secure storage and logistics. It owns two mints and distributes coins and bars from government and private mints. Direct-to-Consumer sells precious metals to retail customers through its consumer-facing subsidiaries. Secured Lending makes loans backed by bullion, collectible coins and graded sports cards.
At June 30, 2026 it had about 4.7 million total retail customers, 0.8 million of them active. Its growth has come partly from acquisitions: JM Bullion in 2021, the Spectrum Group business with Stack's Bowers Galleries in February 2025, Monex Deposit Company in January 2026 and the rest of Sunshine Minting in April 2026.
Its biggest risks, as it describes them
- Changes in what people want from owning precious metals, which drive demand for its products.
- Heavy dependence on bank financing, and limits on liquidity that could slow its growth.
- Interruptions to supply and to the computer systems it uses to trade and process transactions.
- Tariffs and other trade policy changes, since it earns significant revenue outside the United States.
- Loss of a government mint purchaser or distributor arrangement, or a concentrated customer base.
Income statement
From fiscal 2019 to 2026, earnings per share grew 53.6% a year and net income 67.8% a year, as new shares raised the share count by 92% and diluted each share's earnings.
Returns on capital
Balance sheet
Five years at a glance
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | 0.0 | 0.0 | 0.0 | 0.1 | 0.6 |
| Debt incl. finance leases | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
| Net debt (negative means net cash) | 0.1 | 0.1 | −0.0 | −0.1 | −0.6 |
| Net debt to EBITDA | 0.3x | 0.2x | −0.3x | −0.8x | −2.8x |
| Debt to equity | 0.2x | 0.2x | 0.0x | 0.0x | 0.0x |
| Interest coverage | 8.6x | 7.4x | 3.1x | 1.5x | 2.8x |
| Current ratio | 1.4x | 1.4x | 1.6x | 1.6x | 1.1x |
| Quick ratio | 0.9x | 0.7x | 1.0x | 0.8x | 0.7x |
Cash flow
Projections
Project Gold.com's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them, or value it with a discounted cash flow model. Every projected figure is yours: it is not a forecast of ours.
Insider trades
No officer, director or 10% owner of Gold.com reported buying or selling its shares on the open market between November 7, 2025 and November 6, 2026.
Indicators
Four widely used measures, worked out from the company's filings. The cutoffs are the ones their authors or users go by, not a verdict of ours.
| Indicator | FY24 | FY25 | FY26 |
|---|---|---|---|
| Piotroski F-score | 5 of 9 | 5 of 9 | 6 of 9 |
| Rule of 40 | 5.0% | 14.5% | 137.1% |
| Altman Z'' | 3.88 | 3.24 | 1.72 |
| Accruals ratio | 0.5% | −6.7% | −35.9% |
The nine F-score tests
| Test | FY24 | FY25 | FY26 |
|---|---|---|---|
| Net income is positive | Pass | Pass | Pass |
| Cash from operations is positive | Pass | Pass | Pass |
| Return on assets rose | Fail | Fail | Pass |
| Cash from operations exceeds net income | Fail | Pass | Pass |
| Debt fell relative to assets | Pass | Pass | Pass |
| Current ratio rose | Pass | Fail | Fail |
| Share count didn't rise | Pass | Fail | Fail |
| Gross margin rose | Fail | Pass | Fail |
| Revenue rose relative to assets | Fail | Fail | Pass |
| F-score | 5 of 9 | 5 of 9 | 6 of 9 |
Compare
Put Gold.com side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.
Similar companies
| Company | Year | Revenue growth | Operating margin | Free cash flow margin | Return on capital | Net debt to EBITDA | F-score | Compare |
|---|---|---|---|---|---|---|---|---|
| Gold.com | FY26 | 132.4% | — | 4.7% | 27.7% | −2.8x | 6 | |
| Genuine Parts | FY25 | 3.5% | — | 1.7% | 2.4% | 7.0x | 5 | Compare |
| Aramark | FY25 | 6.3% | 4.3% | 2.3% | 7.7% | 3.8x | 6 | Compare |
| LKQ | FY25 | −1.2% | 7.3% | 6.2% | — | — | — | Compare |
| Pool | FY25 | −0.4% | 11.0% | 5.8% | 20.0% | 1.7x | 6 | Compare |
10 years of figures
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | 7.0 | 7.6 | 4.8 | 5.5 | 7.6 | 8.2 | 9.3 | 9.7 | 11.0 | 25.5 |
| Revenue growth | 3.0% | 8.8% | −37.1% | 14.2% | 39.4% | 7.2% | 13.8% | 4.4% | 13.2% | 132.4% |
| Gross profit | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | 0.5 |
| Research and development | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — | — | — |
| Net income | — | — | 0.0 | 0.0 | 0.2 | 0.1 | 0.2 | 0.1 | 0.0 | 0.1 |
| Diluted EPS (US$) | 0.50 | −0.24 | 0.15 | 2.15 | 8.90 | 5.45 | 6.34 | 2.84 | 0.71 | 3.02 |
| Diluted shares (millions) | 14 | 14 | 14 | 14 | 18 | 24 | 25 | 24 | 24 | 27 |
| Cash flow | ||||||||||
| Cash from operations | −0.0 | 0.0 | −0.0 | 0.0 | −0.1 | −0.1 | −0.0 | 0.1 | 0.2 | 1.2 |
| Capital expenditure | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Free cash flow | −0.0 | 0.0 | −0.0 | 0.0 | −0.1 | −0.1 | −0.0 | 0.1 | 0.1 | 1.2 |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Balance sheet at fiscal year end | ||||||||||
| Cash and short-term investments | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.6 |
| Debt incl. finance leases | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
| Total assets | 0.5 | 0.7 | 0.7 | 0.8 | 1.2 | 1.4 | 1.5 | 1.8 | 2.2 | 4.1 |
| Total liabilities | 0.4 | 0.7 | 0.6 | 0.7 | 0.8 | 1.0 | 0.9 | 1.2 | 1.5 | 3.2 |
| Shareholders' equity | 0.1 | 0.1 | 0.1 | 0.1 | 0.4 | 0.5 | 0.6 | 0.6 | 0.6 | 0.9 |
| Margins and ratios | ||||||||||
| Gross margin | 0.5% | 0.4% | 0.7% | 1.2% | 2.8% | 3.2% | 3.2% | 1.8% | 1.9% | 1.8% |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Net margin | — | — | 0.1% | 0.6% | 2.1% | 1.6% | 1.7% | 0.7% | 0.2% | 0.3% |
| Free cash flow margin | −0.2% | 0.1% | −0.3% | 0.9% | −0.7% | −1.1% | −0.4% | 0.6% | 1.3% | 4.7% |
| Rule of 40 (growth + FCF margin) | 2.9% | 8.9% | −37.4% | 15.0% | 38.7% | 6.0% | 13.4% | 5.0% | 14.5% | 137.1% |
| Return on capital | — | 13.5% | 12.9% | 31.3% | 70.9% | 33.4% | 30.1% | 15.9% | 8.0% | 27.7% |
| Return on equity | — | — | 3.3% | 35.8% | 68.9% | 31.1% | 28.8% | 11.4% | 2.8% | 10.8% |
| Return on assets | — | — | 0.3% | 4.2% | 16.4% | 10.1% | 10.5% | 4.1% | 0.9% | 2.6% |
| Net debt to EBITDA | −0.6x | −0.5x | 3.6x | 0.7x | −0.0x | 0.3x | 0.2x | −0.3x | −0.8x | −2.8x |