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Investor Presentation February 2026
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Forward - Looking Statements Statements in this presentation that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. These include statements regarding expectations with respect to our long-term strategy and growth opportunities, expense structure, synergies and cost savings, and shareholder value. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results or circumstances to differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ include the following: the inability to continue to successfully integrate recently acquired businesses; government regulations that might impede growth, particularly in Asia, including with respect to tariff policy; changes in the current international political climate, which historically has favorably contributed to demand and volatility in the precious metals markets but also has posed certain risks and uncertainties for the Company, particularly in recent periods; the failure of the Company’s business model to respond to changes in the market environment as anticipated; premium spreads and futures pricing affecting our Wholesale segment; changes in consumer demand and preferences for precious metal products generally, particularly as this affects the strength of our Direct-to-Consumer segment; the failure of our investee companies to maintain, or address the preferences of, their customer bases; general risks of doing business in the commodity markets; and the strategic, business, economic, financial, political and governmental risks and other Risk Factors described in in the Company’s public filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. This presentation also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Neither we nor any other person makes any representation as to the accuracy or completeness of such data or undertakes any obligation to update such data after the date of this presentation. In addition, projections, assumptions and estimates of our future performance and the future performance of the markets in which we operate are necessarily subject to a high degree of uncertainty and risk. By attending or receiving this presentation you acknowledge that you will be solely responsible for your own assessment of the market and our market position and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of our business. Use of Non-GAAP Financial Measures This presentation includes the following non-GAAP measures: “adjusted net income before provision for income taxes” and “earnings before interest, taxes, depreciation and amortization” (“EBITDA”). A reconciliation of these non-GAAP measures to the most directly comparable U.S. GAAP measures is included in the Company’s Report on Form 10-Q for the period ended December 31, 2025, as filed with the SEC. The items excluded from these non-GAAP measures may have a material impact on the Company’s financial results. Non-GAAP measures do not have standardized definitions and should be considered in addition to, and not as a substitute for or superior to, the comparable measures prepared in accordance with U.S. GAAP , and should be read in conjunction with the financial statements included in the Company’s public filings with the SEC. Management encourages investors and others to review the Company’s financial information in its entirety and not to rely on any single financial measure. Important Cautions Regarding Forward - Looking Statements and Non - GAAP Financial Measures 2
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01 Company Overview 02 Brand Portfolio 03 Financials 04 Summary 3
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Vertically Aligned Global Presence Trusted Marketplace Gold.com is a Fully - Integrated Alternative Asset Platform 4 DTC | Wholesale | Secured Lending North America | Europe | Asia Online | Phone | Showrooms
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Strategic Overview 5 Offering a Comprehensive Solution for All Aspects of The Precious Metals and Collectibles Value Chain 1. KPIs are based on the fiscal year 2020 and 2025 10 - K filings 2. Diluted EPS for fiscal years 2020 - 2021 is retroactively adjusted for the effect of the June 2022 two - for - one stock split in t he form of a stock dividend Key Performance Indicators 1 ($ Millions) Consolidated Results ($ Millions, Except EPS) FYE June 30 2020 2021 2022 2023 2024 2025 Gross Profit $ 67.0 $ 210.2 $ 261.8 $ 294.7 $ 173.3 $210.9 Gross Profit Margin 1.23% 2.76% 3.21% 3.17% 1.79% 1.92% EPS – Diluted 2 $ 2.16 $ 8.90 $ 5.45 $ 6.34 $ 2.84 $0.71 Total Assets $758.0 $1,191.6 $1,442.7 $1,545.6 $1,827.8 $2,215.4 Direct - to - Consumer 2020 2025 Ticket Volume 18,541 804,405 Gross Profit $10.1 $125.0 Secured Lending 2020 2025 Percent of Originated Loans 60.9% 88.6% Interest Income $12.2 $10.7 +1,137.6% +4,238.5% - 12.3% 2,770 BPS Wholesale & Ancillary Services 2020 2025 Ticket Volume 142,690 130,606 Gross Profit $56.9 $85.9 +51.0% - 8.5%
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Compelling Investment Thesis Leadership Across bullion, numismatics, and other collectibles Global Presence North America, Europe, and Asia M&A Opportunistic growth in adjacent sectors Vertical Integration Capital, mints, and logistics Beneficiary of Market Volatility Expands margins 6
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Born in 1965… Reimagined for Today 3 Stages of the Gold.com Evolution Establishes a leading wholesale bullion franchise Expands vertically throughout the bullion and collectibles value chain Gold.com encapsulates corporate identity and whitespace moving forward 1965 1986 7 Founded as A - Mark Became a U.S. Mint Authorized Purchaser Listed on Nasdaq Began to develop online precious metals presence Acquired JM Bullion, expandin g DTC business 2014 2021 2025 Listed on NYSE Rebranded to Gold.com
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$0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 2000 2005 2010 2015 2020 2025 Gold Value Compelling Asset Classes 8 1,380% What $20,000 of Gold Looks Like 2000 11/1/2025 The value of gold has increased substantially in 25 years. 10 - Year Increase 2 2025 Record Card Sale 3 10 - Year Increase 2 48% $12.9 million 37% 1. Macrotrends 2. Knight Frank Luxury Investment Index Q4 2024 ( The Wealth Report 2025: The Great Luxury Correction ) 3. 2007 - 08 Upper Deck Exquisite Collection Dual Logoman Autographs Jordan & Bryant ( ESPN ) Gold Value 1 Collectible Value
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Bullion Premium 101 9 • Supply Constraints: Tighter supply drives higher premiums. • Product Size: Smaller bullion pieces command greater premiums. • Mint Reputation: Premiums vary based on fabrication quality and brand recognition. Customer Price for Bullion Spot Price Premium Current market price for one troy ounce of a precious metal The difference between Gold.com’s cost of fabricated item and its sale price: Gold by % Silver by $ Sovereign & Private Mints Canadian Mint U.S. Mint Premium Factors Gold.com Advantage Premiums may rise quickly due to market shortages, but Gold.com’s sovereign mint relationships and ownership of private mints can provide a strategic advantage in managing supply and price volatility. This image is for illustrative purposes only and does not reflect actual premium / spot price split
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01 Company Overview 02 Brand Portfolio 03 Financials 04 Summary
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An Alternative Asset Ecosystem Gold.com unites trading, auctions, logistics, minting, and loans under a trusted umbrella built on decades of industry leadership. 11 Vertically Integrated Direct - to - Consumer (DTC) Secured Lending Wholesale & Ancillary Services
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DTC Brand Portfolio 12 A complementary portfolio of consumer facing brands reaching across the globe Sales Professional Focused Specialty Brands Pricing Resources 1 DTC 1. Less than 100% ownership 2. Less than 50% ownership 2 2 Online Focused
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JM Bullion Leading Precious Metals Retailer Three Months Ended December 31, 2024 2025 Revenues $309.3 $498.5 Gross Profit $17.0 $26.7 Gross Profit Margin 5.5% 5.4% Average Order Value (AOV) 1 $2,043 $2,637 ✓ Large and loyal customer base ✓ Buy, sell, and trade online ✓ Strong brand and scalable e - commerce model Founded in 2011, JM Bullion is an online retailer of gold, silver, platinum and palladium that sells directly to retail investors and collectors. JM Bullion is recognized for competitive prices, extensive product selection, fast insured shipping, and industry - leading customer service. 13 Key Metrics ($ Millions, except AOV) DTC 1. Represents the average dollar value of product orders delivered to JMB's customers during the period
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Stack’s Bowers Galleries Founded in 1933, Stack’s Bowers Galleries offers U.S., world and ancient coins, paper money, collectibles, and bullion. Stack’s Bower’s Galleries leverages decades of numismatic experience to serve collectors, investors, and institutions. America’s Oldest Rare Coin Auctioneer and Dealership Higher Margins Rare Coin I nventory Collector E ngagement Retail/Wholesale Model 14 DTC 1 1. Stack’s Bowers Galleries has wholesale and DTC operations
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Relationship Focused Sales Team Founded in 1987, Monex has facilitated billions of dollars in transactions and built a full - service platform that offers bullion and coin products along with secure storage. Reaching Our Customers in All Ways 15 DTC Founded in 1960, Goldine is known for its phone - based, high - touch sales model, offering gold, silver, and platinum products along with secure storage options. It maintains strong direct - to - consumer presence built on personalized service and longstanding customer relationships. GOVMINT is a brand built on a sales and marketing engine that brings together four decades of collector relationships with modern technology and compelling coin offers. Customers work closely with sales representatives whose training and product expertise enable them to deliver an elevated customer experience that promotes repeat engagement.
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Complementary Brands Expanding Reach Through Focused, High - Touch Brands DTC High - volume modern coin and bullion dealer known for efficient fulfillment and competitive pricing. Texas - based bullion dealer with strong regional loyalty and robust e - commerce operations. Fast - growing online bullion retailer with a large DTC following, focused on digital marketing and customer acquisition. Established online dealer known for reliability, fast shipping, and strong customer trust. 16 A fast - growing e - commerce bullion platform known for competitive pricing and a strong assortment of coins, bars, and rounds. A top online destination for investors seeking a broad inventory of competitively priced silver and gold bullion products. 1. Pinehurst Coins has wholesale and DTC operations 2. Less than 50% ownership 1 2
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International One of Asia’s largest precious metals dealers Global Reach with Local Expertise Across Key Markets Leading United Kingdom - based online retailer of precious metals, bullion and coins E - commerce precious metals retailer in Canada 17 DTC 1 1. Less than 50% ownership
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A - Mark Wholesale Trading Trusted Trading Precious Metals Trading Platform Three Months Ended December 31, 2024 2025 Revenues $2,173.3 $4,888.0 Gross Profit $19.7 $21.8 Gold Ounces Sold 346,000 279,000 Silver Ounces Sold 17,410,000 12,048,000 A - Mark Precious Metals, Gold.com’s trading and wholesale division, offers gold, silver, platinum, palladium, numismatic coins, and related products to wholesale and retail customers worldwide. A - Mark customers include coin and bullion dealers, banks and other financial institutions, commodity brokerage houses, manufacturers, investors, investment advisors, and collectors. A - Mark is an “Authorized Purchaser” of the U.S. Mint and distributes bullion for other leading sovereign mints including those of Australia, Austria, Canada, China, Mexico, South Africa, and the United Kingdom. Global Trading Network Serves both internal and third - party vendors Hedged Business Key Metrics 1 ($ Millions) 18 Wholesale 1. Wholesale sales and ancillary services segment only
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Independent Mints Owned Mints A producer of investment - grade bullion bars, rounds, and custom minted products since 1979 with an emphasis on high purity standards (.999 fine), in - house design production, and fabrication. Founded in 1979, SMI is a bullion - mint manufacturer, renowned for its (.999 fine) silver and gold bars, securing an enhanced MintMark SI technology and service to mints, and institutional clients globally. Other Independent Mints Gold.com has relationships with mints worldwide. Mints Sovereign Mints U.S. Mint Large allocations of products that receive the highest premiums Royal Canadian Mint Expands supply and proprietary products Other Sovereign Mints Gold.com has relationships with mints all over the world, securing products not commonly found. Deep Relationships Marquee Mints Gold.com partners with leading sovereign and private mints worldwide to source, distribute, and create exclusive bullion and coin products — strengthening its global supply network, ensuring consistent product availability, and expanding access to high - margin, branded offerings. 19 Wholesale 1. Less than 50% ownership 1
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AMGL and TDS Reliable Logistics and Storage Secured Storage ✓ Houses Gold.com’s inventory ✓ Offers customers storage options Pick, Pack, and Ship ✓ Capable of handling over 200,000 packages per month ✓ Leverages automation for efficiency ✓ Locations in Dallas and Las Vegas Sell To Us ✓ Allows DTC customers to sell products directly to Gold.com Through A - Mark Global Logistics (AMGL) and Transcontinental Depository Services (TDS), Gold.com delivers end - to - end control of the precious metals supply chain — from secure fulfillment and distribution to global storage and custody — enhancing efficiency, customer trust, and long - term value creation. 20 Wholesale
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Collateral Finance Corporation Trusted Finance Partner Founded in 2005, CFC is a California - licensed lender of commercial loans collateralized by bullion, numismatics and sports cards to individuals, dealers, and small institutions. CFC enables asset owners to retain ownership, access cash, and have their bullion and collectibles stored in UL - certified depositories. $120.4 MM 1 Portfolio Bullion ~75% LTV Numismatics ~65% LTV 96% Originated 1 4% Acquired 1 1. As of December 31, 2025 Lending Categories Bullion, numismatic coins, cards Strong Spreads Drive consistent profits Secured Structure Fully margined with secured principal Growth Strategy Leveraging DTC via Gold.com 21 Secured Lending
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01 Company Overview 02 Brand Portfolio 03 Financials 04 Summary
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Revenue Analysis 23 A Decade of Steady Increases 0 2,000 4,000 6,000 8,000 10,000 12,000 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Revenue ($ Millions) Revenue ($ Millions) Expon. (Revenue ($ Millions)) ✓ Revenue has increased 80% over the past decade. ✓ Growth supported by expansion across wholesale, direct - to - consumer, and secured lending segments. ✓ Sustained top - line growth supports a strong return on equity and operating leverage expansion.
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Financial Highlights Integrated Platform Delivers Stability and Growth in Volatile Markets 3.17% 1 .79% 24 262 295 173 211 194 225 107 64 195 216 80 53 3.21% 3.17% 1.79% 1.92% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 0 50 100 150 200 250 300 350 FY 2022 FY 2023 FY 2024 FY 2025 Gross Profit EBITDA Adjusted Net Income Gross Profit Margin 2 1 ($ millions) Historical Performance Q2 YTD Performance ($ millions) 88 166 34 48 28 28 1.62% 1.64% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 0 20 40 60 80 100 120 140 160 180 Q2 YTD FY25 Q2 YTD FY26 Gross Profit EBITDA Adjusted Net Income Gross Profit Margin 1. EBITDA: A non - GAAP liquidity measure 2. Adjusted Net Income Before Provision for Income Taxes: A non - GAAP financial performance measure that excludes the following: rem easurement gains or losses related to pre - existing equity interests, contingent consideration fair value adjustments, acquisition costs, amortization expense related t o i ntangible assets acquired, and depreciation expense 1 2
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Balance Sheet as of December 31, 2025 ($ Millions) Cash $152.1 Receivables, net 558.8 Derivative assets 947.7 Secured loans receivable 120.4 Inventory 1,535.7 Other 27.0 Total current assets $3,341.7 Goodwill 228.7 Intangibles, net 128.8 Other long - term assets 112.7 Total Assets $3,811.9 Liabilities on borrowed metals $85.6 Product financing arrangements 504.6 AP and other current liabilities 1,825.8 Derivative liabilities 338.2 T o t a l curr e nt li a biliti e s $2,754.2 Lines of credit 300.0 Other liabilities 48.9 Total stockholders’ equity 708.8 Total liabilities and equity $3,811.9 1) Cash: Fluctuates with business cycles 2) Receivables: Represents amounts due from customers and brokers 3) Derivative assets and liabilities : Fair value of derivatives relating to open sale and purchase commitments, futures and forward contracts 4) Secured loans receivable: Mostly short - term in nature, providing flexibility for capital deployment strategies. Loans are fully secured by customers’ assets, which are typically held in safekeeping by the Company 5) Liabilities on borrowed metals: Borrows precious metals from suppliers and customers under short - term arrangements 6) Product financing arrangements: Generates liquidity through arrangements with financial institutions for the transfer and repurchase of inventory. 7) Accounts payable and other current liabilities: Represents advances from customers, deferred revenue and trade and other payables 8) Lines of credit: $422.5 million committed Trading Credit Facility which matures in September 2027 1 2 3 4 5 6 7 8 3 $300.0 $122.5 Credit Used Credit Remaining $422.5MM Credit Facility 25
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Pillars of Capital Allocation 26 A Disciplined, Market - Driven Approach Debt Paydown M&A Dividends Inventory Purchases Share Buyback ✓ $14.20 in dividends on a share held since July 1, 2020 1 ✓ 1,320,000 million shares repurchased 2 ✓ 14 acquisitions / strategic investments since 2018 1. Calculation incorporates the April 2022 stock split, assumes the investor held the second share received, and includes dividends paid on both shares through December 2, 2025 2. Period of July 1, 2020, through December 31, 2025
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01 Company Overview 02 Brand Portfolio 03 Financials 04 Summary
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Investment Summary Fully Integrated Platform – Service Throughout the Bullion, Numismatic, and Collectibles Value Chain Proven Leader in the Space – Decades of Strong Growth Large Growth Channels – Expanding Domestic and International Customer Bases Opportunistic M&A – Constantly Evaluating Impactful Growth Opportunities Strong Financial Footing – Diverse Access to Capital Stewards of Capital – Balancing Inventory, Financial Leverage, Dividends, and Share Buybacks Resilient Platform – Hedged Inventory Position and Positive Exposure to Volatility 28
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Contact Us Company Gold.com 1550 Scenic Avenue Suite 150 Costa Mesa, CA 92626 Investor Relations Gold.com Steve Reiner (310) 587 - 1410 sreiner@gold.com Gateway Group, Inc. Matt Glover and Greg Bradbury ( 949) 574 - 3860 GOLD@gateway - grp.com 29