Gold.com reported net income of $11.6 million and non-GAAP EBITDA of $33.9 million for the quarter ended December 31, 2025, reflecting a 77% year-over-year increase in net income and a 109% rise in EBITDA. Revenue surged 136% to $6.477 billion, driven by higher consumer demand across bullion and numismatic platforms, although gross profit margin narrowed to 1.44% from 1.63% a year earlier due to tight premium spreads and backwardation in silver. Diluted earnings per share reached $0.46, up 70% year-over-year, and adjusted net income before taxes climbed 74% to $23.2 million. Sequentially, revenue was up 76% from the prior quarter and net income swung from a $0.9 million loss to positive earnings, underscoring improved operational leverage.

During the quarter, Gold.com completed its rebrand from A-Mark Precious Metals, transitioned its listing to the NYSE under the symbol “GOLD,” and relocated headquarters to Costa Mesa, California. In January 2026, the company closed its acquisition of Monex Deposit Company, bolstering its direct-to-consumer footprint. Management has initiated expense optimization and synergy realization from recent deals, targeting additional cost savings. Internationally, Hong Kong-based LPM saw robust retail and wholesale volumes, positioning Asia as a key growth market.

Gold.com entered into a definitive agreement with Tether, in which Tether will acquire 3.371 million common shares at $44.50 per share, representing a $150 million total commitment. The transaction includes registration rights and a 90-day resale restriction. As part of the partnership, Gold.com will invest $20 million of proceeds into Tether’s XAU₮ gold-backed stablecoin, and Tether will provide Gold.com with a gold leasing facility of at least $100 million. The agreement grants Tether the right to nominate a board member and aims to integrate Gold.com’s physical gold infrastructure with Tether’s digital finance platform to expand retail and institutional offerings.

CEO Greg Roberts emphasized the company’s diversified platform resilience and international expansion strategy, projecting continued growth in Asia and digital channels. Investors should note the impact of tight metal spreads on margins, the expected realization of acquisition synergies, and benefits from the Tether partnership, including enhanced stablecoin adoption and additional liquidity. The quarterly cash dividend announcement further underscores management’s confidence in free cash flow generation and capital allocation discipline.