Thank you, Matt, and good afternoon, everyone. Thanks again for joining our call today.

Our third quarter results reflect the strength of our fully integrated platform and our ability to capitalize on strong market conditions. As I noted on our last call, we were beginning to see a meaningful shift in market dynamics, and that momentum carried over favorably into this quarter.

During the quarter, we experienced an unprecedented surge in activity across both our wholesale sales and our ancillary services, as well as our direct-to-consumer segments. Market participants across the spectrum, from individual investors to institutional buyers, moved aggressively to increase exposure to precious metals.

This environment created a highly dynamic, two-way market with elevated levels of both buying and selling activity, which allowed us to efficiently deploy inventory and capitalize on favorable trading opportunities. 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. Operationally, our teams executed extremely well under these conditions.

The rapid spike in demand challenged system-wide capacity, and we were positioned to respond by quickly scaling inventory and production levels at our mints as we leveraged our balance sheet. This resulted in record financial performance, including over $10 billion in revenue and over $175 million in gross profit, as well as $59.5 million in net income for the quarter.

Our direct-to-consumer segment led the way during the quarter, reflecting strong customer engagement, higher order values, and increased transactional activity across our platforms. JMB outperformed and did exceptional, reporting record levels of profitability.

Our wholesale sales and ancillary services segment also delivered significant quarter-over-quarter improvement following the more challenging market conditions we experienced last fall. The favorable market conditions we experienced this quarter were also global, with LPM continuing to build momentum across Asia and benefiting from a heightened regional demand and increased trading activity.

Activity began to moderate towards the end of the quarter, as is typical following periods of heightened volatility. We are now seeing a bit more normalized environment.

While geopolitical dynamics remain an important factor influencing demand, overall market conditions remain constructive, and we believe the underlying drivers for precious metals investments remain firmly in place. We've also seen an extreme benefit as last quarter's backwardation has moved more into contango.

We remain focused on driving synergies across our business units and maximizing efficiencies at every level. Our acquisition of Monex during the quarter is already delivering strong returns, and the addition of Sunshine Mint to our portfolio will meaningfully expand our production capabilities going forward.

As previously disclosed in February 2026, we entered into a securities purchase agreement with an affiliate of Tether Global Investment Fund, whereby Tether agreed to purchase an aggregate of 3,370,787 shares of Gold.com's common stock at a price of $44.50 per share. The first tranche of the shares was purchased on February 6th, 2026, corresponding to 2,840,449 shares for an aggregate purchase price of $126.4 million.

Following receipt of regulatory clearance, the second tranche of 530,338 shares was purchased on May 5th, 2025, for an aggregate purchase price of $23.6 million. This strategic equity investment further enhanced our overall capital and liquidity position, and is a powerful validation of our vertically integrated model.

During the quarter, we also entered into storage, metal leasing, and trading agreements with Tether and their affiliates, and purchased $20 million of Tether's gold-backed stablecoin, XAUT. We believe this partnership represents a meaningful step forward in aligning our physical precious metals platform with emerging digital asset ecosystems, and we are encouraged by the early progress we've made.

I will now turn the call over to our CFO, Cary Dickson, who will provide an overview of our financial performance. Then our president, Thor Gjerdrum, will discuss key operating metrics.

After that, I will provide further insights into the business, our growth strategy, and I will take questions. Cary, please proceed.

Thank you, Greg, and good afternoon, everybody. Our revenues for fiscal Q3 '26 increased 244% to $10.3 billion from $3 billion in Q3 of last year.

Excluding an increase of $4.3 billion of forward sales, our revenues increased $2.9 billion, or 187%, which was due to higher average selling prices of gold and silver, as well as increased gold and silver ounces sold. For the nine-month period, our revenues increased 142% to $20.5 billion from $8.4 billion in the same year-ago period.

Excluding an increase of $7.4 billion of forward sales, our revenues increased $4.6 billion, or 95%, which is due to higher average selling prices of gold and silver, as well as an increase in gold and silver ounces sold. Revenues also increased in both the three and nine-month periods due to the acquisitions of SGI, Pinehurst, and AMS in the last two quarters of fiscal '25, and Monex in the third quarter of fiscal '26.

Gross profits for Q3 '26 increased 331% to $176 million, or 1.7% of revenue, from $41 million, or 1.36% of revenue, in Q3 of last year. The increase was due to an increase in gross profits earned by both our wholesale sales and ancillary services segment and our direct-to-consumer segment, including the acquisitions of SGI, Pinehurst, AMS, and Monex, which were not fully included in the same year-ago period.

For the nine-month period, gross profit increased 165% to $342 million, or 1.6% of revenue, from $129.2 million, or 1.53% of revenue, in the same year-ago period. The increase was due to an increase in gross profits earned by both our wholesale sales and ancillary services segment and the direct-to-consumer segment, including the acquisitions of SGI, Pinehurst, AMS, and Monex, which were not fully included in the same year-ago period.

SG&A expenses for fiscal Q3 '26 increased 134% to $78 million from $33 million in Q3 of last year. The change was primarily due to an increase in compensation expense, performance-based accruals of $27 million, higher advertising costs of $7 million, increased insurance costs of $4 million, higher bank service and credit card fees of $1.9 million, and an increase in facilities expense of a little over $1 million.

SG&A expense for the three months ended March 31, 2026, included $33 million of expenses from SGI, Pinehurst, AMS, and Monex, which were not included in the same year-ago period as they were not consolidated subsidiaries for the full year. Excluding the increase from these newly acquired subsidiaries, SG&A increased $11.6 million.

In essence, 75% of our overall increase in SG&A period over period related to the acquisitions of our new subsidiaries that we've acquired recently. For the nine-month period, SG&A expense increased 130% to $197 million from $85 million in the same year-ago period.

The increase was primarily driven by higher compensation expense, including performance-based accruals, of $68 million; higher advertising costs of $17 million; an increase in consulting and professional fees of $7 million; an increase of insurance costs of $6.1 million; and then an increase in banking service and credit card fees of $4.5 million. SG&A expenses for the nine months ended March 31, 2026, included $93 million of expenses from SGI, Pinehurst, AMS, and Monex, which were not included in the same year-ago period as they were not consolidated for the full period.

Excluding the increase from these newly acquired subsidiaries, SG&A increased $18 million year over year. In essence, 84% of our overall increase in SG&A period over period related to the acquisitions of these new subsidiaries.

Depreciation and amortization expense for fiscal Q3 '26 increased 88% to $9.4 million from $5 million in the same year-ago period. The change was predominantly due to a $4.6 million increase in amortization expense relating to the intangible assets acquired through our acquisitions of SGI, Pinehurst, AMS, and Monex, and a $1.5 million increase in depreciation expense, partially offset by a $1.6 million decrease in intangible asset amortization from JMB and Silver Gold Bull.

For the nine-month period, depreciation and amortization expense increased 72% to $24.6 million from $14.3 million in the same year-ago period. The change was primarily due to a $10 million increase in amortization expense related to intangible assets acquired through our acquisitions of SGI, Pinehurst, AMS, and Monex, and a $4.6 million increase in depreciation expense, partially offset by a $5 million decrease in intangible asset amortization from JMB and SGB.

Interest income for Q3 '26 increased 1% to $6.8 million from $6.7 million in the same year-ago period. The aggregate increase in interest income was due to an increase in interest income earned by our secured lending segment of half a million dollars, partially offset by the same amount in our finance product income category.

For the nine-month period, interest income decreased 12% to $18.2 million from $20.6 million in the same year-ago period. The aggregate decrease in interest income was due to a decrease in other financing income of $2.6 million, offset by an increase in interest income earned by our secured lending segment of $0.2 million.

Interest expense for fiscal Q3 '26 increased 47% to $19 million from $13 million in Q3 of last year. The increase is primarily due to higher interest and fees of $3 million related to product financing arrangements, an increase of $2.6 million related to precious metal leases, and an increase of $0.3 million associated with our trading credit facility.

For the nine-month period, interest expense increased 44% to $47.9 million from $33 million in the same year-ago period. The increase is primarily due to higher interest and fees of $7.2 million related to product financing arrangements, an increase of $5.8 million related to precious metal leases, and an increase of $1 million associated with our trading credit facility.

Earnings from equity method investments in Q3 increased 1,150% to $2.3 million from a loss of $0.2 million in the same year-ago quarter. For the nine-month period, earnings from equity method investments increased 215% to earnings of $2.4 million from a loss of $2.1 million in the same year-ago period.

The increase in both periods was due to increased earnings of our equity method investees. Net income attributable to the company for the third quarter of fiscal '26 totaled $60 million, or $2.09 per diluted share, compared to a net loss of $8 million, or 36 cents per diluted share, in the same year-ago quarter.

For the nine-month period, net income attributable to the company totaled $70 million, or $2.65 per diluted share, compared to $7 million, or $0.29 per diluted share, in the same year-ago period. Adjusted net income before provision for income taxes, a non-GAAP financial measure which excludes depreciation, amortization, acquisition costs, and contingent consideration fair value adjustments, for Q3 totaled $87 million, an increase of $81 million, or 1,415%, compared to the $5.7 million in the same year-ago quarter.

Adjusted net income before provision for income taxes for the nine-month period totaled $115 million, an increase of $81 million, or 240%, compared to $33.9 million in the same year-ago period. EBITDA, another non-GAAP liquidity measure, for Q3 '26 totaled $103.4 million, an increase of $102 million, or 7,939%, compared to $1.3 million in the same year-ago quarter.

EBITDA for the nine-month period totaled $151.6 million, an increase of $116 million, or 329%, compared to the $35 million in the same year-ago period. Now, turning to our balance sheet.

We maintain a strong liquidity position supported by expanding financing capacity, including increased precious metal lease facilities and the recently completed Tether equity and financing investments to date. At quarter end, we had $143-plus million of cash compared to $77.7 million at the end of fiscal '25.

Our non-restricted inventories totaled $1,319,000,000 as of March 31 compared to $794 million as of the end of fiscal '25. Gold.com's board of directors has declared a quarterly cash dividend of 20 cents per share, maintaining the company's current dividend program.

The dividend is payable on June 1st, 2026, to stockholders of record as of May 20th, 2026. That completes my financial summary.

Now we will turn the call over to Thor, who will provide an update on our key operating metrics. Thor?

Thank you, Cary. Looking at our key operating metrics for the third quarter of fiscal 2026, we sold 538,000 ounces of gold in Q3 fiscal 2026, which was up 25% from Q3 of last year and down 1% from the prior quarter.

For the nine-month period, we sold approximately 1.5 million ounces of gold, which is up 17% from the same year-ago period. We sold 34.6 million ounces of silver in Q3 fiscal 2026, which was up 120% from Q3 of last year and up 86% from the prior quarter.

For the nine-month period, we sold 63.6 million ounces of silver, which is up 10% from the same year-ago period. The number of new customers in the DTC segment, which is defined as the number of customers that have registered, set up a new account, or made a purchase for the first time during the period, was 292,800 in Q3 fiscal 2026, which was down 68% from Q3 of last year and increased 205% from last quarter.

For the three-month period ended March 31, 2026, approximately 58% of the new customers were attributable to the acquisition of Monex. For the three months ended March 31, 2025, approximately 93% of the new customers were attributable to the acquisitions of Pinehurst and SGI.

For the nine-month period, the number of new customers in the DTC segment was 458,300, which decreased 55% from 1,020,300 new customers in the same year-ago period. Approximately 37% of the new customers for the nine months ended March 31, 2026, were attributable to the acquisition of Monex.

Approximately 82% of the new customers for the nine months ended March 31, 2025, were attributable to the acquisitions of SGI and Pinehurst. The number of total customers in the DTC segment at the end of the third quarter was approximately 4.7 million, which is a 14% increase from the prior year.

These changes in customer base metrics were primarily due to the acquisitions of AMS and Monex, which were not included in the same year-ago period, as well as organic growth of our JMB customer base. Finally, the number of secured loans at the end of March totaled 337, a decrease of 31% from March 31, 2025, and a decrease of 5% from the end of December.

The dollar value of our loan portfolio as of March 31, 2026, totaled $126 million, an increase of 46% from March 31, 2025, and an increase of 5% from December 31, 2025. That concludes my prepared remarks.

I'll now turn it over to Greg for closing remarks. Greg?

Greg, you may be muted. Apologies.

Thanks, Thor and Cary. This quarter was a clear demonstration of the strength and scalability of our fully integrated platform.

We capitalized on a highly dynamic market environment, delivered solid financial results, and further strengthened our strategic and financial positioning. Our strategic focus remains on integrating and realizing cost savings and the synergies from our recent acquisitions, expanding both our domestic and geographic reach, as well as further diversifying our customer base.

With an expanded portfolio of category-leading brands and improved operational leverage, we believe Gold.com is positioned to capture growth across multiple markets and continue to deliver long-term value for our shareholders. This concludes my prepared remarks.

Operator, we can now open the line for questions.

Great. Thanks.

A couple questions. Unbelievable quarter.

Greg, you said something about business has, quote, "normalized." What does "normalized" mean to you?

We track spreads, and sure, we see they've come down so far in the June quarter versus the March quarter, but still way above where they were for much of 20- calendar 2025. We wouldn't consider 2025 to be normal.

I'm asking you if you would consider that normal. Then, sort of related to that, put it all in the context of because of all the acquisitions, even a normal, quote unquote, "normal" earnings power for the company should be a lot higher than it was in the past.

Is there any way to sort of quantify what normal earnings power would be? Thanks.

That's a lot. I think that first and foremost, as we've always said, the environment is going to drive the profitability.

Combine that with the acquisitions that we do, clearly we're going to get different revenue streams, and the revenue streams are going to vary a bit between the different divisions and the different parts of the company. I think last year was below normalized as for most of calendar '25.

As we talked about on our last call, things really started to improve towards the end of October, the early part of November, and December was pretty strong. I think when I said "normalized," what I meant was just reflecting on how crazy and active January and February was and how March became what I would call a bit more normalized for the environment.

I think January and February of this quarter, we significantly outperformed what I would call normalized. I think that there was a question on the last call, if these conditions continue, what's going to happen?

I said, if these conditions continue, we're going to have a great quarter. Clearly, we had a great quarter.

I would say that a lot of the headwinds that we had through the fall of last year that were attributed to the backwardation issues that we had, and I think we highlighted that quite a bit, that was a major headwind on performance as it related to our cost of financing and our ability to collect contango, which collecting contango is a more normal environment. Backwardation is highly unusual.

What we saw this quarter was a more normalized contango environment, which did help some of our other businesses, and that has continued in what I would call normalized, the first month of our Q4 and in March. I think we're still very active.

I think that certainly the war in Iran has caused a lot of change and disruption in the overall volumes in the financial markets. I think there has been, although our premiums are still quite nice, we have had a bit of volume retreat from where we were in January and February.

Okay. That's very clear.

Thanks. I'll let someone else ask a question.

Great. First off, Greg, Cary, Thor, and Steve, wow.

Three questions, one at a time. Greg, high level, how did the M&A enable you to capitalize on demand versus previous spikes?

In what we saw in January and February, we saw an environment where the tide rose for all of our businesses. That was really quite nice to see.

I would say that within DTC, we had a couple of overachievers. As I mentioned earlier, JM had a great quarter, great customer counts, great premium spreads.

That was great. I think the other thing that I highlighted was we saw a big uptick in our LPM business in Hong Kong and Singapore.

Again, that was new for us because we were able to see what customers in an area of the market geographically that we hadn't been able to experience what they were capable of before. We were able to benefit from that this quarter.

There were days or weeks where China in particular seemed to outperform our domestic businesses, and a little bit vice versa, but it was great data for us to see. We're just very enthusiastic about what we were able to accomplish down there with that new acquisition.

On the other side of things, certainly the bullion business would be an overachiever. I think collectibles were strong in the quarter, but because of just the nature of the collectibles business, and it didn't benefit as much as the bullion business did.

Excellent. All right.

Then second of three questions, how, if at all, did your strategic partnership with Tether contribute to your performance?

In this particular quarter, I think it did contribute. I wouldn't say it was greatly significant.

As we've onboarded Tether as a trading partner, I think one of the most exciting things that you'll see in our numbers is just one part of our business that I've highlighted that is super important for us right now is our storage business. With Tether's help, as well as Monex, from 12/31/25 to 3/31/26, we've gone from $1.1 billion in storage, and we've doubled that, where I think we are today in May, of $2.2 billion.

As we said in our release as it related to Tether, storage is a big part of our strategic relationship with them, along with the gold leasing arrangements we have with them, which are now currently above what we had projected in the release. We're getting those benefits now, and in this quarter.

In the current

Excellent. All right.

Last one, Greg. Can you give us your current thoughts on your one-time dividend philosophy?

Sure. I think we have explored the special dividend in the past.

We have rewarded, I guess shareholders when we've had a great year. I think that we're very active right now, and we have a lot of opportunity still in front of us.

As I have said before, there's five things that I really look at as it relates to deployment of capital: paying down debt, strategic inventory increases, acquisitions, share buyback, and dividends. Based on the performance that we are seeing from our acquisitions right now, I would continue to probably put that near the top of the list as things we're looking at.

I think we're doing a good job right now in a number of ways, paying down debt and lowering our interest expense. Then dividends and share buyback will continue, but I'd like to see how the fourth quarter shapes up here before we get too far down the road on a special dividend.

Thank you, Greg.

Hey, guys. Congrats on the really strong results, and thank you for taking my questions.

First one for me: can you just help us understand the a little bit over a billion dollar increase in restricted inventory? Then, kind of in the same vein, with the addition of Sunshine Mint, kind of how that'll help you manage your inventory moving forward?

I think they're two different things. I think the inventory, as we've talked about before, you had a situation in January and February, as we've talked about, where you had record spot prices.

You had days where silver was $120, and gold was $5,500. That is going to just naturally increase our restricted inventory or our total inventory because the spot price affects, if we have the same amount of ounces, we're going to have higher inventories.

I think, as I said earlier, we pivoted very quickly from November, early December, where we had some headwinds, and holding more inventory cost us a significant amount more because of the backwardation issue. By the time we got to mid-December or January, we could see the environment was demanding more inventory from us to accomplish these numbers that were reported.

We were able to pivot very quickly. I think that our Silvertowne mint, first and foremost, was able to ramp up and get us product, again, when there was periods where our competition didn't have product and we were able to satisfy that demand.

As it relates to Sunshine, we've announced that we've gone from a 45% approximate ownership interest to 100%. We thank Tom Power, the founder, for all that he did.

We made the decision, the process started towards the end of calendar '25, but that Tom was ready to retire, and it was great timing for us as we moved into the very active period. I think we did benefit.

We benefited from our minority interest in Sunshine, and then today, now owning 100%, we will be able to even have greater control over what products Sunshine is making. I just want to a shout-out to Jamie Meadows, our new president of minting, and Jason, the president of Sunshine.

As Tom has retired, those two are going to really lead our minting operations, and I'm very confident and very much looking forward to what they're going to be able to do together, having Silvertowne and Sunshine with a slightly closer relationship.

Great. Appreciate the color there.

Second one for me: you guys have kind of demonstrated an ability in the past to extract some SG&A synergies from JMB and other acquisitions. As we look at recent acquisitions like Monex, the rest of the Actions, Sunshine, can you just kind of help us understand if there's some SG&A synergies you guys can reap over the next couple quarters?

I think everybody on our side and on our team is looking for synergies from an SG&A perspective. I think we also are looking for synergies where we can create more gross profit between all the companies.

A quarter like this really throws a lot of the comparison numbers a little bit out of whack because to do $10 billion in sales, we're going to spend more money doing it. This number is quite astounding to really think that it wasn't that long ago where a $5 billion year was good for us.

Now we've achieved a $10 billion quarter, which I think is going to cause the variable parts of our SG&A are going to increase. The market environment the next six months is really going to dictate where we can find those cost savings and where we can look at our overall SG&A and find places where we can work on it.

We're focused on it, we're always looking at it. I do think that investors should recognize and I think we're very proud of our ability that when the market shifts to what was a very strong tailwind in this quarter, we were able to pivot, and our earnings potential, which is a question I get asked a lot, "What is that earning potential?"

This was one of those examples of in the current environment with our acquisitions and with our ability to access capital very quickly, this really illustrated what that earning potential is.

Understood. Once again, kudos on the great quarter.

Thank you.

Hey, Greg.

Hi, Sai.

Just wanted to ask two questions. First, just digging down into the discussion earlier that we discussed the last quarter, the shift in hedging costs from negative to positive as, especially silver went from backwardation to contango.

The way I remember it is that it was still really bad at the end of the year and January, badly in backwardation and costing you money, and I think on the last call, you quantified not exactly, but generally, how much it was costing you in hedging costs.

Was

this quarter, you seem to be talking about this quarter on this call as if it really benefited, primarily turn to contango, but it seems to me that happened during the quarter, maybe like halfway through the quarter. Is this coming quarter, the April through June quarter, effectively going to be the first full quarter where you're benefiting, or did you see the full benefit in the first quarter, in the first

Definitely not. You are correct that we experienced backwardation and higher lease costs and higher repo costs.

Those definitely continued through the first half of the quarter, I would say. When we hit the record spot prices, our transactional business was extraordinary, but we still had higher expense, and we still had the backwardation issue.

I would say you are correct that things have normalized in March and definitely in April. Then, obviously, the investment from Tether, both in the stock purchase as well as the leases that we are currently transacting with them, those have had a positive effect on our interest expense, our carry costs, and our ability to pay down our dollar lines.

This current Q4 will be the first full quarter in a while that we haven't had those headwinds.

Okay. Great.

Then I wanted to shift gears. You mentioned earlier and in the release, as part of the Tether transaction, you bought $20 million of XAUT stablecoin.

I'd love to know what the strategy is there, what that lays the groundwork for. I think you mentioned or I heard elsewhere, XAUT or Tether gold stablecoin is not fully tradeable, or it's really an overseas offshore thing.

There are restrictions in owning it or redeeming it in the United States. I'm guessing the $20 million investment is not cuz you want to be $20 million more long gold.

It's there's some sort of business laying the groundwork to be able to do something in the future that you're not able to do now. Can you just expand on what the strategy is?

Yeah. I'll expand a little bit, but I'm not trying to give away all of our launch codes here.

I think that to start, we invested $20 million U.S. in XAUT.

I believe our average cost is around $4,700 spot, about where it is right now. We are unhedged on that, as we have disclosed before, we're long $20 million worth of gold.

The exercise of opening account that we have now open, and the kind of the plumbing or the way that we've handled these transactions and understanding what it really means to buy XAUT and hold it in a wallet, we're now familiar with that, and we've completed the onboarding process that we needed to. There's onboarding with a digital bank, as well as we're working on some onboarding with Tether directly.

I do believe there is an opportunity for us to get further involved in XAUT as part of our DTC network. I think there's probably going to be some trading opportunities for us.

The ability to trade Tether truly 24/7 at some pretty good volumes and trade XAUT and Tether, I think is going to be valuable for us. We've seen the volumes and what we can expect in XAUT over the weekend.

I think there could be some opportunities there. I think we're going to go down the path of a Gold.com wallet is something that we're working on.

I believe that giving our customers the ability to have access to XAUT and the ability to redeem XAUT for physical, as I said on the last call, I think that redemption feature, which is not currently in place for XAUT holders, I think is going to be a good opportunity for Gold.com. As it relates to whether it's outside the U.S.

or inside the U.S. as it relates to holders of XAUT, we're still researching that.

At the moment, it looks like that will be more of an international opportunity for us than it is a domestic opportunity, but we're still vetting that. Okay.

Then

last question on the rebranding to Gold.com. We saw the launch of the kind of unified website that feeds into all your different brands.

Can you just talk a little bit about what benefits you've seen so far on the marketing front? I think there was discussion about offering sort of Gold.com branded services, financial services, all that stuff.

What's the update on the rebranding and the benefits you see, and what's maybe some that are still on the come?

Far the rebranding has gone great. I'm speaking to new shareholders all the time.

I think that in hindsight, it was an exceptional move, and I think it's been good for the company to kind of get everything under one umbrella brand. As we go forward, we continue to work on a Gold.com credit card, which is something that we feel like is important to give our DTC customers an opportunity to connect even better with Gold.com.

That is on the to-do list. I won't say we're in the red zone yet, but we're probably on the other side of the 50.

I'm looking forward to that, and then exploring how that Gold.com credit card may connect with other opportunities on the digital side.

Okay. Great.

Thanks for all of that, Greg.

All right. Thank you.

All right. Thank you,

Sai.

Thank you, Matt. Once again, as I do every quarter, I'd like to thank our many shareholders and our employees, and we look forward to keeping you updated on our future progress, and everybody's dedication and commitment to Gold.com's success.

I thank everybody very much. Thank you all for joining today.