NYSE · Financial Services

Gold.com, Inc.

GOLD · Capital Markets

$43.80

▼ -1.66 (-3.65%)

Cached · 10 min

Overall Grade

Defensive

Enterprising

Profitability

F⤢

Gross Profit Margin 2.2%

Operating Margin 0.4%

Net Income Margin 0.2%

Fin. Health

B⤢

Years to Pay Off Debt 7.7 yrs

Working Capital vs Long-Term Debt $457M

Working Capital $458M

Valuation

F⤢

Margin of Safety 3.0%

Price-to-Book 1.46x

Cash Flow

C⤢

Free Cash Flow $1.1B

CapEx % of Net Income 42.9%

Owner Earnings $27M

Profitability

Gross Profit Margin 2.2%

Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.

Operating Margin 0.4%

Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.

Net Income Margin 0.2%

Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.

Financial Health

Years to Pay Off Debt 7.7 yrs

Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.

Working Capital vs Long-Term Debt $457M

Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.

Working Capital $458M

Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.

Cash Flow

Free Cash Flow $1.1B

Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.

CapEx % of Net Income 42.9%

Capital expenditure as a share of net income. Low CapEx signals a capital-light business that doesn't need heavy reinvestment to sustain earnings — Buffett's ideal. High CapEx is structurally necessary in manufacturing, airlines, telecoms, and semiconductors. For these industries, a high reading reflects the business model, not poor management.

Owner Earnings $27M

Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

About Gold.com, Inc.

Gold.com, Inc., together with its subsidiaries, operates as a precious metals company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products. The Direct-to-Consumer segment provides access to gold, silver, copper, platinum, and palladium products primarily through its websites; rarities and numismatic collections; and numismatic and bullion products. It operates various websites targeting specific niches within the precious metals retail market. This segment also operates as a direct retailer of precious metals to the investor community and markets its precious metal products on television, radio, and the internet, as well as through customer service outreach. The Secured Lending segment originates and acquires commercial loans secured by bullion, numismatic coins, and graded sports cards. The company serves customers, including financial institutions, bullion retailers, industrial manufacturers and fabricators, sovereign mints, refiners, coin and metal dealers, investors, collectors, and e-commerce and other retail customers. It operates in the United States, Europe, Canada, Asia Pacific, Africa, Australia, and South America. The company was formerly known as A-Mark Precious Metals, Inc. and changed its name to Gold.com, Inc. in December 2025. The company was founded in 1965 and is headquartered in Costa Mesa, California.

Market Data

Market Cap $1.3B

Enterprise Value $1.7B

P/E (TTM) 14.50

Dividend Yield 1.76%

Exchange NYSE

Key Margins

Gross Profit 2.2%

Operating Margin 0.4%

Net Margin 0.2%

Company Info

Sector Financial Services

Industry Capital Markets

Employees 1303

Country United States

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering Gold.com, Inc. at $43.80.

The business passes 5 of 7 of Graham's defensive criteria — adequate but not exceptional.

At $43.80, the stock trades below its Graham Number of $45.18 — suggesting a margin of safety exists.

Trading at 3.1x NCAV. Expected for most quality businesses — NCAV was designed to find depression-era bargains and rarely applies to modern profitable companies..

Conclusion: This stock is better suited for Graham's Enterprising investor — one willing to devote time and skill to security selection.

Showing Key Metrics

Income Highlights

Metric	Q2 2026	Q4 2025	Q4 2024
Gross Profit %	2.2%▲	1.4%•	N/A
Operating Margin %	0.4%▲	0.4%•	N/A
Net Income %	0.2%▲	0.2%•	N/A
Diluted EPS	N/A•	0.46▲	0.27

Balance Sheet Highlights

Metric	Q2 2026	Q4 2025	Q4 2024
Total Assets	$4.1B	$3.8B	N/A
Total Debt	$93M▼	$812M•	N/A
Working Capital	$458M▼	$587M•	N/A
Years to Pay Debt	7.69	69.78	N/A

Cash Flow Highlights

Metric	Q2 2026	Q4 2025	Q4 2024
Free Cash Flow	$1.1B▲	-$47M•	N/A
Owner Earnings	$27M	$23M	N/A
CapEx % of Net Income	42.9%	34.4%	N/A

Income Statement

	2026	2025	2024
Tax Effect Of Unusual Items	-30	-138
Tax Rate For Calcs	0	0
Normalized EBITDA	36,953	40,634
Total Unusual Items	-1,308	-966
Total Unusual Items Excluding Goodwill	-1,308	-966
Net Income From Continuing Operation Net Minority Interest	12,157	11,636
Reconciled Depreciation	10,115	7,638
Reconciled Cost Of Revenue	4,894,717	6,383,530
EBITDA	35,645	39,668
EBIT	25,530	32,030
Net Interest Income	-5,770	-10,464
Interest Expense	13,227	16,253
Interest Income	7,457	5,789
Normalized Income	13,435	12,464
Net Income From Continuing And Discontinued Operation	12,157	11,636
Total Expenses	4,982,773	6,450,952
Diluted Average Shares		25,536	23,966
Basic Average Shares		24,810	23,158
Diluted EPS		0	0
Basic EPS		0	0
Diluted NI Availto Com Stockholders	12,157	11,636
Net Income Common Stockholders	12,157	11,636
Net Income	12,157	11,636
Minority Interests	136	-1,892
Net Income Including Noncontrolling Interests	12,021	13,528
Net Income Continuous Operations	12,021	13,528
Tax Provision	282	2,249
Pretax Income	12,303	15,777
Other Income Expense	-4,168	293
Other Non Operating Income Expenses	-4,897	250
Earnings From Equity Interest	2,037	1,009
Gain On Sale Of Security	-1,308	-966
Net Non Operating Interest Income Expense	-5,770	-10,464
Interest Expense Non Operating	13,227	16,253
Interest Income Non Operating	7,457	5,789
Operating Income	22,241	25,948
Operating Expense	88,056	67,422
Depreciation Amortization Depletion Income Statement	10,115	7,638
Depreciation And Amortization In Income Statement	10,115	7,638
Selling General And Administration	77,941	59,784
Gross Profit	110,297	93,370
Cost Of Revenue	4,894,717	6,383,530
Total Revenue	5,005,014	6,476,900
Operating Revenue	5,005,014	6,476,900

Balance Sheet

	2026	2025	2024
Treasury Shares Number			1,182
Ordinary Shares Number	29,121	24,897
Share Issued	29,121	24,897
Net Debt		659,871
Total Debt	93,455	811,921
Tangible Book Value	478,592	296,312
Invested Capital	969,168	1,465,731
Working Capital	457,582	587,426
Net Tangible Assets	478,592	296,312
Common Stock Equity	875,713	653,810
Total Capitalization	875,919	957,138
Total Equity Gross Minority Interest	938,366	708,825
Minority Interest	62,653	55,015
Stockholders Equity	875,713	653,810
Gains Losses Not Affecting Retained Earnings	140	224
Other Equity Adjustments	140	224
Treasury Stock			33,371
Retained Earnings	523,736	464,788
Additional Paid In Capital	351,545	188,549
Capital Stock	292	249
Common Stock	292	249
Total Liabilities Net Minority Interest	3,198,553	3,103,060
Total Non Current Liabilities Net Minority Interest	51,784	348,819
Other Non Current Liabilities	36,963	27,189
Non Current Deferred Liabilities	14,615	18,302
Non Current Deferred Taxes Liabilities	14,615	18,302
Long Term Debt And Capital Lease Obligation	206	303,328
Long Term Debt	206	303,328
Current Liabilities	3,146,769	2,754,241
Other Current Liabilities	815,979	423,829
Current Deferred Liabilities	2,139,974	1,701,887
Current Deferred Revenue	2,139,974	1,701,887
Current Debt And Capital Lease Obligation	93,249	508,593
Current Debt	93,249	508,593
Other Current Borrowings	93,249	508,593
Payables And Accrued Expenses	97,567	119,932
Current Accrued Expenses	58,789	31,332
Payables	38,778	88,600
Other Payable	13,542	11,665
Accounts Payable	25,236	76,935
Total Assets	4,136,919	3,811,885
Total Non Current Assets	532,568	470,218
Other Non Current Assets	5,738	7,090
Investments And Advances	26,986	38,437
Long Term Equity Investment			48,457
Goodwill And Other Intangible Assets	397,121	357,498
Other Intangible Assets	146,318	128,802
Goodwill	250,803	228,696
Net PPE	102,723	67,193
Accumulated Depreciation	-52,643	-34,833
Gross PPE	155,366	102,026
Leases	16,079	10,848
Other Properties	39,186	29,761
Machinery Furniture Equipment	87,343	48,991
Buildings And Improvements	10,618	9,706
Land And Improvements	2,140	2,720
Current Assets	3,604,351	3,341,667
Other Current Assets	34,714	19,525
Hedging Assets Current	317,976	947,661
Inventory	2,360,372	1,535,749
Other Inventories	1,065,537	689,127
Finished Goods	1,294,835	846,622
Receivables	313,313	686,682
Other Receivables	78,472	249,307
Taxes Receivable	2,148	7,515
Loans Receivable	115,128	120,351
Accounts Receivable	117,565	309,509
Cash Cash Equivalents And Short Term Investments	577,976	152,050
Cash And Cash Equivalents	577,976	152,050
Cash Financial	577,976	152,050

Cash Flow

	2026	2025	2024
Free Cash Flow	1,064,534	-46,620
Repurchase Of Capital Stock	0		-5,120
Repayment Of Debt	-578,000	-1,062,000
Issuance Of Debt	480,000	1,071,800
Issuance Of Capital Stock	22,414
Capital Expenditure	-5,220	-3,998
Interest Paid Supplemental Data	10,750	14,573
Income Tax Paid Supplemental Data		5,223
End Cash Position	577,976	152,050
Beginning Cash Position	143,607	89,221
Changes In Cash	434,369	62,829
Financing Cash Flow	-608,952	133,598
Cash Flow From Continuing Financing Activities	-608,952	133,598
Net Other Financing Charges	-526,629	126,902
Proceeds From Stock Option Exercised	165	1,838
Cash Dividends Paid	-6,902	-4,942
Common Stock Dividend Paid		-4,942	-4,642
Net Common Stock Issuance	22,414		-5,120
Common Stock Payments	0		-5,120
Common Stock Issuance	22,414
Net Issuance Payments Of Debt	-98,000	9,800
Net Short Term Debt Issuance
Short Term Debt Payments
Short Term Debt Issuance
Net Long Term Debt Issuance	-98,000	-45,200
Long Term Debt Payments	-578,000	-1,488,000
Long Term Debt Issuance	480,000	1,442,800
Investing Cash Flow	-26,433	-28,147
Cash Flow From Continuing Investing Activities	-26,433	-28,147
Net Other Investing Changes	18,692	-17,749
Net Investment Purchase And Sale	-20,000
Sale Of Investment	0
Purchase Of Investment	-20,000
Net Business Purchase And Sale	-19,905
Purchase Of Business	-19,905
Net Intangibles Purchase And Sale	-1,720
Purchase Of Intangibles	-1,720
Capital Expenditure Reported	-3,500	-3,998
Operating Cash Flow	1,069,754	-42,622
Cash Flow From Continuing Operating Activities	1,069,754	-42,622
Change In Working Capital	1,050,328	-66,319
Change In Other Working Capital	617,098	922,266
Change In Other Current Liabilities	-186,702	151,327
Change In Other Current Assets	105,238	-557,487
Change In Payables And Accrued Expense	59,089	10,987
Change In Accrued Expense	115,099	3,159
Change In Payable	-56,010	7,828
Change In Account Payable	-56,010	7,828
Change In Prepaid Assets	10,872	-2,077
Change In Inventory	456,616	-312,655
Change In Receivables	-11,883	-278,680
Changes In Account Receivables	-11,494	-275,737
Other Non Cash Items	2,399	2,924
Stock Based Compensation	1,064	463
Deferred Tax
Deferred Income Tax
Depreciation Amortization Depletion	10,115	7,638
Depreciation And Amortization	10,115	7,638
Operating Gains Losses	-6,173	-1,009
Earnings Losses From Equity Investments	-6,173	-1,009
Net Income From Continuing Operations	12,021	13,528

📊 Quarterly mode — Graham Fair Value & 7 Criteria require annual data. Switch to Annual for full analysis.

Quarter vs Same Quarter Last Year

YoY strips seasonality

Revenue Growth (YoY)

Prior year: $2.5B ▲ $5.0B +99.2%

Revenue growth vs same quarter last year strips seasonality. Consistent double-digit growth is a Buffett hallmark.

Gross Margin

Prior year: 3.3% ▲ 2.2% -1.0pp

Buffett: consistent gross margin above 40% signals durable pricing power and competitive moat.

Operating Margin

Prior year: 0.9% ▲ 0.4% -0.4pp

Graham: operating margin reflects true business economics before financing. Trend matters as much as level.

Net Margin

Prior year: 0.4% ▲ 0.2% -0.2pp

Net margin can be distorted by one-time items, tax timing, or interest costs — compare to operating margin for signal quality.

Quarterly Health Checks

3 Graham/Buffett criteria that are valid and reliable on quarterly data

✅ Adequate Size

Graham required scale for resilience. Quarterly revenue × 4 gives an annualised proxy.

$5.0B/qtr (≈$20.0B ann.)

vs > $1.5B annualised revenue

❌ Financial Condition

Current assets vs current liabilities — a real-time liquidity snapshot. Valid and reliable on quarterly data.

1.15x current ratio

vs ≥ 2.0x

✅ Free Cash Flow

Buffett's most important single metric. A positive FCF quarter means the business generated real cash for owners after maintaining its asset base.

$1.1B

vs Positive

Operating Cash Flow

$1.1B

Latest quarter · Buffett's cash reality check

ROIC

1.8%

Based on latest annual operating income

Return on Invested Capital — Buffett's preferred measure for asset-light businesses. ROIC > 15% consistently signals a durable competitive advantage (moat). More meaningful than P/B for software, pharma, and consumer brand companies where most value is intangible and off-balance-sheet.

Market Cap / Net Assets

1.4x

Net Assets: $938M

Asset Context — Capital Markets

For banks and financial companies, book value is the most meaningful valuation anchor because assets are primarily financial instruments with known market values. Price-to-Book below 1.0x historically signals stress or deep value in this sector.

Peers & Industry

No auto-detected peers for Capital Markets. You can manually compare GOLD against any stock using the Compare tool.

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

32.67%

High — management has strong skin in the game

Return on Equity (ROE)

1.4%

Weak — poor returns on equity

Return on Assets (ROA)

0.3%

Poor — assets are not generating adequate returns

Debt Trend YoY

-86.9% YoY

Debt is declining — management is deleveraging

Leadership Team

Gregory Roberts

CEO & Director

Age 63

Pay: $1,287,246

10.589% of net income

Thor Gjerdrum

President

Age 58

Pay: $873,525

7.185% of net income

Brian Aquilino

Chief Operating Officer

Age 51

Pay: $455,017

3.743% of net income

Steven Reiner

Executive Vice President of Capital Markets & Investor Relations

Top Institutional Holders

Institution	% Owned	Shares
Blackrock Inc.	7.34%	2,140,228
American Century Companies Inc	5.64%	1,644,385
Dimensional Fund Advisors LP	3.82%	1,114,243
Vanguard Capital Management LLC	3.08%	898,525
Two Sigma Investments, LP	2.73%	797,184
Charles Schwab Investment Management, Inc.	2.52%	735,208
Jacobs Levy Equity Management, Inc.	1.90%	553,336
Geode Capital Management, LLC	1.78%	517,636

Risk Analysis

Beta (Market Risk)

0.62

Low volatility — more stable than the market

Short Interest

15.8% of float

Heavy short selling — market has significant bearish bets

Debt-to-Equity

0.96x

Conservative balance sheet — low financial risk

Current Ratio

1.15x

Adequate liquidity

52-Week Price Range

Low: $23.00 Current: $43.80 High: $66.70

Currently at 48% of 52-week range

Gold.com, Inc.

Metric Explanations

Full Graham Analysis

Income Highlights

Balance Sheet Highlights

Cash Flow Highlights

Quarter vs Same Quarter Last Year

Quarterly Health Checks

Operating Cash Flow

ROIC

Market Cap / Net Assets

Peers & Industry

Capital Allocation & Alignment

Leadership Team

Top Institutional Holders

Risk Analysis