Barrick Gold Q4 Earnings Jump 151% to $1.43 EPS, Announces North American IPO Spin-Off
Barrick Gold reported Q4 net earnings of $1.43 per share, a 151% year-over-year increase driven by higher gold prices and robust operational performance. The company also announced plans to spin off its top North American assets via an initial public offering, weighing on shares despite stronger-than-expected results.
1. Q2 Earnings per Share Exceed Analyst Expectations
Gold.com reported second quarter 2026 earnings of $0.91 per share, surpassing the consensus estimate of $0.70 by 30 basis points and up from $0.55 per share in the year-ago quarter. This represents a 65% year-over-year increase in profitability per share, driven by higher trading volumes and improved operational leverage across its precious metals platforms.
2. Robust Fiscal Q2 2026 Financial Performance
For the quarter ended December 31, 2025, revenues soared 136% to $6.477 billion from $2.742 billion a year earlier, while gross profit more than doubled to $93.4 million. Net income reached $11.6 million, up 77% year-over-year, and non-GAAP EBITDA climbed 109% to $33.9 million. Adjusted net income before taxes rose 74% to $23.2 million, reflecting disciplined cost control despite tight premium spreads and backwardation pressure in the silver market.
3. Strategic Investment Partnership with Tether
Gold.com entered a definitive agreement with Tether for a $150 million equity investment, with Tether acquiring 3.371 million common shares at an issue price of $44.50 and agreeing to nominate a board member. Concurrently, Gold.com will invest $20 million in Tether’s XAU₮ stablecoin and expects to establish a $100 million gold leasing facility. The transaction positions Gold.com to integrate physical bullion sourcing with blockchain-based stablecoin distribution and expand its digital payments acceptance.
4. Corporate Rebranding, Listing Transition, and M&A Integration
During the quarter, Gold.com completed its rebrand from A-Mark Precious Metals, transitioned its listing to the New York Stock Exchange under the symbol GOLD, and relocated its headquarters to Costa Mesa, California. In January 2026, the company closed its acquisition of Monex Deposit Company, enhancing its direct-to-consumer footprint. Management highlighted ongoing expense optimization and synergy capture from recent deals, as well as strong international growth at its Hong Kong subsidiary, with rising retail showroom traffic and wholesale volumes.