Gold.com Reports Return to Profitability in Q1 2027 Despite Revenue Decline
Gold.com (GOLD) returned to profitability in the first quarter of fiscal 2027, reporting a net income of $1.6 million compared to a loss in the prior-year period. While total revenue fell 11% year-over-year to $3.27 billion due to a contraction in overall market activity, revenue excluding forward sales surged 51%, driven by higher average selling prices for gold and silver and increased volume sold. The company's performance was bolstered by its direct-to-consumer (DTC) segment and recent acquisitions like Monex, which helped grow the total DTC customer base to 4.8 million. Despite a decrease in cash balance from $578 million to $126.8 million due to reductions in deferred revenue, adjusted net income saw a significant 172% increase year-over-year.
Tickers: $GOLD
Topics: EBITDA Financial Performance Gross Profit Net Income Revenue
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