A-Mark Precious Metals Posts Staggering Revenue Growth Following Strategic Shift

The company operating as Gold.com, formerly A-Mark Precious Metals, has reported a period of explosive growth for its second fiscal quarter. Strategic initiatives, including a major rebranding effort, are delivering substantial financial results even amidst a volatile precious metals market and specific operational headwinds in silver trading.

The quarter was defined by a dramatic surge in top-line revenue. Sales skyrocketed 136% year-over-year to reach $6.48 billion. This impressive growth is primarily attributed to heightened demand in the direct-to-consumer segment and contributions from recently integrated business units.

Profitability also saw a significant boost. Net income climbed 77% to $11.6 million, translating to earnings per share (EPS) of $0.46. The company's customer acquisition efforts bore fruit, with new client business expanding by 47% compared to the same period last year.

Product-level data revealed strong momentum in gold. Sales volume for gold coins and bars increased by approximately 17%, with 545,000 ounces sold. The silver segment presented a more complex picture: while the number of ounces sold fell 15% year-over-year, it registered a substantial 79% sequential increase from the previous quarter to 18.6 million ounces.

Should investors sell immediately? Or is it worth buying A-Mark Precious Metals?

Strategic Transformation Gains Traction

These financial results underscore the impact of a comprehensive corporate overhaul. The rebranding to Gold.com and the listing transition to the New York Stock Exchange (NYSE) are central to the company's renewed market positioning. Furthermore, the completed acquisition of the Monex Deposit Company in January is intended to solidify and expand its direct-to-consumer market share.

Operational metrics from the quarter confirm the strategy's effectiveness. The count of active customers jumped 64% to approximately 229,100. Perhaps more tellingly, the average order value per customer rose by over half to $4,824, indicating deeper engagement.

Silver Market Presents Headwinds

Despite the overwhelmingly positive quarterly narrative, management navigated specific challenges. The silver trading environment was marked by tight margins and a condition known as backwardation, where spot prices exceed futures prices. This dynamic created trading losses and increased interest expenses, which modestly tempered the otherwise robust profit growth.

Shareholders, however, can expect consistent returns. The board declared a quarterly cash dividend of $0.20 per share. This payment will be distributed on March 1, 2026, to shareholders of record as of February 20, 2026.