10-K annual report · filed Sep 11, 2025

Gold.com, Inc. (GOLD) FY2025 10-K Annual Report

Short answer

Gold.com, Inc. (GOLD) filed its fiscal 2025 10-K annual report with the SEC on Sep 11, 2025. It reported revenue of $177M (−98.2% year over year) and net income of $17M.

  • Top risk flagged: Regulatory risk: compliance with cybersecurity laws overseen by CCDC, with legal updates quarterly to Board and CEO

FY2025 key financial metrics · XBRL

Revenue
$177M
−98.2% YoY
Net income
$17M
−74.7% YoY
Gross margin
119.2%
+117.4 pp YoY
EPS (diluted)
$0.71
−75.0% YoY
ROE
2.7%
−8.6 pp YoY
Operating cash flow
$152M
+150.0% YoY

Source: XBRL data from the Gold.com, Inc. (GOLD) FY2025 10-K on SEC EDGAR. USD.

Gold.com, Inc. FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

  • Core business: Vertically integrated precious metals company with Wholesale Sales, Direct-to-Consumer, and Secured Lending segments
  • New 2025 acquisitions: Spectrum Group International (Stack’s Bowers Galleries & Spectrum Wine Auctions), full ownership of Pinehurst, and 90% stake in AMS
  • Strategic shift: Expanded into numismatic and collectible coin market plus luxury precious metals via acquisitions in 2025
  • Quantitative: Approximately 4.2 million total retail customers including 0.6 million active retail customers as of June 30, 2025
  • Noteworthy: First integration of rare coin auction house Stack's Bowers Galleries, broadening product and service offerings markedly in 2025

Management Discussion & Analysis

  • Revenue $11.0B for fiscal 2025, driven by Wholesale Sales & Ancillary Services and Direct-to-Consumer segments, including acquisitions of SGI and Pinehurst
  • Gross profit impacted by hedging; no specific margin % disclosed in MD&A
  • Best segment: Wholesale Sales & Ancillary Services (includes SGI wholesale and Pinehurst wholesale); worst performing segment not specified
  • Secured Lending loans outstanding $94.0M as of June 30, 2025; AMCF notes fully repaid in December 2023 and dissolved June 2024
  • Management focus on growth via acquisitions (SGI, Pinehurst, AMS), e-commerce expansion, and managing commodity price risk through hedging; no explicit forward revenue or margin guidance disclosed

Risk Factors

  • Regulatory risk: compliance with cybersecurity laws overseen by CCDC, with legal updates quarterly to Board and CEO
  • Operational risk: JM Bullion’s SOC provides 24/7 security detection and response, critical for subsidiary-level vulnerability management
  • Leadership risk: CIO chairs CCDC since 2019, key in advancing data protection and privacy programs, with 15+ years IT experience
  • Data security risk: multiple security leaders with 25+ years experience oversee risks across ecommerce, healthcare, and financial industries
  • Legal risk: General Counsel reports significant cybersecurity incidents directly to Board and executive leadership for timely disclosure and action

Generated from the filing text; verify against the original. How to read a 10-K

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