Cash flow generation is highly erratic, evidenced by a $40.6 million free cash flow deficit in 2026Q2 following a $193.4 million inflow in 2026Q1 due to massive working capital swings.
Gold.com, Inc. (GOLD) cash flow statement — 15-year operating, investing & financing cash flows
| Metric | TTM | Jun'26 | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 |
|---|
| Cash from Operations | 472.39M | 1.29B | 152.35M | 60.93M | -47.27M | -89.17M | -52.65M | 47.94M | -14.53M | 7.65M | -9.78M | -56.16M | -4.69M | -16.75M | -1.21M | 25.39M |
| Operating CF Margin % | - | 5.06% | 1.39% | 0.63% | -0.51% | -1.09% | -0.69% | 0.88% | -0.3% | 0.1% | -0.14% | -0.83% | -0.08% | -0.28% | -0.02% | 0.33% |
| Operating CF Growth % | 1008.69% | 747.51% | 150.02% | 228.91% | 46.99% | -69.34% | -209.84% | 429.84% | -290.07% | 178.17% | - | -1097.1% | 71.99% | -1288.47% | -104.75% | - |
| Net Income | 84.88M | 82.34M | 15.84M | 69.03M | 156.36M | 133.08M | 160.92M | 30.51M | 2.26M | -3.42M | 7.06M | 9.27M | 7.05M | 8.26M | 12.51M | 10.57M |
| Depreciation & Amortization | 36.24M | 34.75M | 22.92M | 11.4M | 12.53M | 27.3M | 10.79M | 2.9M | 2.81M | 2.63M | 1.52M | 1.22M | 895K | 934K | 826K | 727K |
| Stock-Based Compensation | 552K | 0 | 1.59M | 1.92M | 0 | 2.14M | 1.17M | 952.76K | 1.1M | 1.19M | 996K | 419K | 253K | 194K | 169K | 137K |
| Deferred Taxes | 0 | 0 | -3.92M | -2.69M | 1.58M | -4.11M | -2.03M | 3.23M | 707K | 89K | -10.78M | 6.7M | -1.36M | 6.93M | 11.09M | -17.27M |
| Other Non-Cash Items | 4.78M | 1.96M | 12.02M | -17.79M | -7.54M | -2.36M | -39.36M | -2.24M | -598K | 3.12M | 710K | -580K | -171K | -476K | -700K | 1.02M |
| Working Capital Changes | 345.35M | 1.17B | 103.89M | -939K | -210.2M | -245.22M | -184.15M | 12.78M | -20.81M | 4.04M | -9.29M | -73.18M | -11.36M | -32.59M | -25.11M | 30.21M |
| Change in Receivables | 114.55M | -29.7M | -58.19M | 16.81M | 62.81M | -4.24M | -13.19M | -22.25M | 8.99M | -9.65M | 21.46M | -13.28M | 3.33M | 14.28M | 18.14M | -35.8M |
| Change in Inventory | -291.15M | -158.85M | -22.07M | -49.29M | -240.63M | -208.02M | -55.2M | -28.42M | -12.74M | -245.62M | -39.6M | -53.56M | -15.95M | -13.18M | -18.91M | 29.84M |
| Change in Payables | 53.62M | 5.66M | -17.35M | -16.29M | 19.34M | 192K | -86.1M | 78.75M | 16.18M | 2.22M | -4.82M | -3.87M | 6M | -8.58M | -4.51M | 9.81M |
| Cash from Investing | -82.49M | -90.08M | -104.67M | -63.6M | 6.84M | -60.56M | -130.39M | 48.77M | -14.8M | -17.83M | -36.49M | -30.22M | -13.39M | -5.63M | -480K | -568K |
| Capital Expenditures | -10.97M | -14.43M | -10.68M | -15.77M | -9.78M | -2.88M | -2.11M | -986K | -490K | -1.32M | -2.27M | -1.47M | -1.78M | -1.01M | -480K | -568K |
| CapEx % of Revenue | 0.04% | 0.06% | 0.1% | 0.16% | 0.11% | 0.04% | 0.03% | 0.02% | 0.01% | 0.02% | 0.03% | 0.02% | 0.03% | 0.02% | 0.01% | 0.01% |
| Acquisitions | -35.07M | -35.07M | -114.61M | -31.87M | 0 | 0 | -63.35M | 0 | 100K | -9.52M | -3.42M | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | 7.87M | 2.5M | 500K | 0 | 0 |
| Other Investing | -28.41M | -34.18M | 18.96M | -13.84M | 24.57M | -17.43M | -56.93M | 49.76M | -12.02M | -7M | -30.8M | -24.08M | -9.61M | -4.12M | 0 | 0 |
| Cash from Financing | -352.31M | -700.84M | -18.58M | 11.98M | -12.27M | 86.11M | 232.13M | -52.7M | 31.37M | 3.42M | 42.19M | 82.59M | 25.82M | 14.01M | 11.98M | -22.93M |
| Debt Issued (Net) | 3.77B | -811.5M | 91.44M | -81.55M | 35.93M | 30M | 50M | -32M | 54.5M | 27M | -32M | - | - | - | - | - |
| Equity Issued (Net) | 145.06M | 143.75M | -1.81M | -20.34M | -9.76M | 2.32M | 75.34M | -116K | 0 | 0 | 0 | -669K | 0 | -2.2M | 0 | 0 |
| Dividends Paid | -52.6M | -22.5M | -18.8M | -41.84M | -37.47M | -22.64M | -21.19M | 0 | 0 | -1.69M | -2.11M | -1.68M | -698K | -10M | -15M | 0 |
| Share Repurchases | 0 | 0 | -5.12M | -22.31M | -9.76M | 0 | 0 | -116K | 0 | 0 | 0 | 0 | 0 | -2.2M | 0 | 0 |
| Other Financing | -4.22B | -10.59M | -89.39M | 155.72M | -971K | 76.43M | 127.97M | -20.59M | -23.13M | -21.89M | 76.3M | 19.93M | 14.71M | -14M | 22.98M | -5K |
| Net Change in Cash | 37.6M | 500.24M | 29.11M | 9.32M | 1.53M | -63.62M | 49.08M | 44.01M | 2.03M | -6.77M | -4.08M | -3.79M | 7.73M | -8.37M | 10.29M | 1.9M |
| Free Cash Flow | 457.17M | 1.28B | 141.67M | 45.16M | -52.05M | -92.05M | -54.77M | 46.95M | -15.02M | 6.33M | -12.05M | -57.62M | -6.47M | -17.76M | -1.69M | 24.82M |
| FCF Margin % | 1.82% | 5.01% | 1.29% | 0.47% | -0.56% | -1.13% | -0.72% | 0.86% | -0.31% | 0.08% | -0.17% | -0.85% | -0.11% | -0.3% | -0.02% | 0.32% |
| FCF Growth % | -1.31% | 802.42% | 213.68% | 186.77% | 43.45% | -68.07% | -216.65% | 412.51% | -337.37% | 152.54% | - | -789.92% | 63.53% | -953.14% | -106.79% | - |
| FCF per Share | 15.37 | 46.89 | 5.80 | 1.87 | -2.11 | -3.78 | -3.05 | 3.32 | -1.06 | 0.45 | -0.85 | -4.05 | -0.46 | -1.17 | -0.11 | 1.68 |
| FCF Conversion (FCF/Net Income) | 5.39x | 15.68x | 8.80x | 0.89x | -0.30x | -0.67x | -0.33x | 1.57x | -6.53x | -2.25x | -1.38x | -6.06x | -0.67x | -2.03x | -0.10x | 2.40x |
| Interest Paid | 25.51M | 0 | 42.61M | 34.24M | 28.79M | 20.58M | 17.93M | 18.16M | 15.51M | 12.25M | 9.45M | 6.14M | 4.14M | 3.91M | 3.5M | 4.25M |
| Taxes Paid | 5.22M | 0 | 10.39M | 17.93M | 44.34M | 42.55M | 42.43M | 447K | 177K | 3.04M | 11.87M | 149K | 12.88M | 7.67M | 10.1M | 13.79M |
Quick answers to the most common questions about buying GOLD stock.
Gold.com, Inc. (GOLD) generated $1.29B in net cash from operating activities in 2026. This reflects the cash generated directly from core business operations.
Gold.com, Inc. (GOLD) generated $1.28B in free cash flow in 2026. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Gold.com, Inc. (GOLD) spent $14.4M on capital expenditures in 2026. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2026, Gold.com, Inc. (GOLD) returned $22.5M to shareholders via cash dividends. This shows the company's commitment to returning capital to its equity investors.
Key Metrics
Top Statement Risk
High cyclical margin sensitivity
Metrics are mathematically derived from official filings.
Earnings Quality Obscured by Volatility
According to reported financial statements, the relationship between net income and operating cash flow is highly erratic, evidenced by an OCF/NI ratio that swung from -208.11 in 2026Q1 to -3.66 in 2026Q2, suggesting that accounting earnings frequently diverge from actual cash generation capabilities.
The extreme variance in the OCF/NI ratio indicates that net income is a poor proxy for the company's underlying cash health. Investors should interpret this as a sign that non-cash adjustments and timing differences in inventory settlement significantly distort the reported profitability metrics.
FCF Volatility Reflects Cyclical Exposure
Based on the company's reported figures, free cash flow has demonstrated extreme instability, ranging from a $193.4 million inflow in 2026Q1 to a $40.6 million outflow in 2026Q2, highlighting the company's vulnerability to rapid shifts in working capital requirements and precious metal market conditions.
The lack of a consistent FCF trajectory suggests that the business model is highly sensitive to external market cycles rather than internal operational efficiency. This volatility warrants caution, as the company's ability to generate sustainable cash flow appears contingent on favorable market environments rather than predictable recurring revenue.
Inventory Cycles Drive Cash Swings
As indicated by recent SEC filings, working capital changes are the primary driver of cash flow fluctuations, with a massive $187.7 million outflow in 2026Q2 following a $187.7 million inflow in 2026Q1, illustrating the intense capital requirements of managing physical precious metal inventory levels.
The dramatic swings in working capital suggest that the company is frequently forced to deploy significant cash to manage inventory positions, which may be tied to hedging strategies or retail demand spikes. This dynamic implies that liquidity is constantly at risk of being tied up in physical assets during periods of market volatility.
Capital Allocation Amidst Cash Constraints
Based on the provided data, A-Mark has maintained consistent dividend payments despite significant FCF volatility, with $4.9 million paid in 2026Q2, even as the company faced a $40.6 million FCF deficit, raising questions about the sustainability of current capital return policies during cyclical downturns.
The decision to continue dividend payments while experiencing negative free cash flow suggests a management priority on shareholder returns that may not be fully supported by current cash generation. Investors should monitor whether this capital allocation strategy remains viable if the current period of cash flow instability persists.