Gold.com's Record Quarter: Riding the Precious Metals Surge and the Tether Bet

Revenue up 244% as volatility drives record volume; strategic stablecoin and storage deal reshapes the platform.

GOLD · Earnings Call · 2026-05-06

A Record Quarter

The fiscal third quarter of 2026 will go down as a defining moment for Gold.com, Inc. The company reported a staggering 244% year-over-year revenue increase to $10.3 billion, a figure that dwarfs the previous quarterly record. This was driven by an unprecedented spike in precious metals activity, as backwardation issue gave way to a more favorable contango environment, and gold and silver prices hit historic highs. CEO Gregory Roberts captured the moment:

The pace and magnitude of the movement was extraordinary. We saw one of the most volatile spot price environments in recent history, which drove significant transaction velocity across our platform.
Gregory Roberts, CEO · 2026-05-06

The company turned this volatility into profit, generating $176 million in gross profit and $59.5 million in net income, a phenomenal turnaround from the prior year's loss. Total revenue surged 244% year-over-year, and excluding forward sales, it still rose 187%.

The Tether Partnership: More Than an Investment

Beyond the numbers, the most transformative development was the deepening tie-up with Tether. The company sold $150 million of equity to an affiliate of Tether Global Investment Fund and entered into storage, metal leasing, and trading agreements. They also purchased $20 million of Tether's gold-backed stablecoin, XAUT. This partnership is already boosting the storage business, which grew from $1.1 billion to an estimated $2.2 billion in just a few months. As Roberts explained, “In this particular quarter, it did contribute, but I would not say it was greatly significant. … With Tether's help as well as Monnex, from 12/31/2025 to 03/31/2026 we have gone from $1.1 billion in storage to roughly double that.” — Gregory Roberts, CEO · 2026-05-06 The move into Tether stablecoins is a strategic pivot, positioning the company at the intersection of physical precious metals and digital assets—a theme that should resonate with forward-looking investors.

Market Dynamics and the Road Ahead

The quarter's extraordinary performance was driven by a rapid shift in market conditions. After a prolonged period of backwardation that hurt profitability in 2025, the market returned to a contango regime, which significantly improved financing costs. Roberts noted in the Q&A: “When I said normalized, I was reflecting on how crazy and active January and February were and how March became what I would call a bit more normalized for the environment. In January and February of this quarter, we significantly outperformed what I would call normalized.” — Gregory Roberts, CEO · 2026-05-06 Looking ahead, the company is focused on integrating recent acquisitions like Monnex and Sunshine Mint to capture SG&A synergies and expand production capacity. The acquisition of Monnex is already delivering strong returns, and the full ownership of Sunshine Mint will enhance their minting capabilities. As Roberts said earlier in the year, “You should probably think about that we're going to have a really good quarter this quarter.” — Gregory Roberts, CEO · 2026-02-05 That prediction came true, and with the Tether deal providing fresh liquidity and strategic alignment, the momentum appears durable. The near-term outlook remains constructive, with the first full quarter of contango and reduced financing headwinds expected to further boost profitability.