Gold.com, Inc.
For the period ended Dec 31, 2025. Filed Feb 6, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2025 · Filed Feb 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 2. Results of operations
RESULTS OFOPERATIONS
Overview of Results of Operations
Consolidated Results of Operations for the Three Months Ended December 31, 2025 and 2024
The operating results of our business were as follows (in thousands, except per share and performance metrics data):
| Three Months Ended December 31, · 2025 · 2024 · Change | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| $ · % of revenue · $ · % of revenue · $ · % | |||||||||
| Revenues | $6,476,900 | 100.000% | $2,742,345 | 100.000% | $3,734,555 | 136.2% | |||
| Gross profit | 93,370 | 1.442% | 44,767 | 1.632% | $48,603 | 108.6% | |||
| Selling, general, and administrative expenses | (59,784) | (0.923%) | (25,754) | (0.939%) | $34,030 | 132.1% | |||
| Depreciation and amortization expense | (7,638) | (0.118%) | (4,639) | (0.169%) | $2,999 | 64.6% | |||
| Interest income | 5,789 | 0.089% | 6,794 | 0.248% | $(1,005) | (14.8%) | |||
| Interest expense | (16,253) | (0.251%) | (10,363) | (0.378%) | $5,890 | 56.8% | |||
| Earnings (losses) from equity method investments | 1,009 | 0.016% | (2,410) | (0.088%) | $3,419 | 141.9% | |||
| Other income, net | 250 | 0.004% | 461 | 0.017% | $(211) | (45.8%) | |||
| Unrealized losses on foreign exchange | (966) | (0.015%) | (840) | (0.031%) | $126 | 15.0% | |||
| Net income before provision for income taxes | 15,777 | 0.244% | 8,016 | 0.292% | $7,761 | 96.8% | |||
| Income tax expense | (2,249) | (0.035%) | (2,042) | (0.074%) | $207 | 10.1% | |||
| Net income | 13,528 | 0.209% | 5,974 | 0.218% | $7,554 | 126.4% | |||
| Net income (loss) attributable to noncontrolling interests | 1,892 | 0.029% | (584) | (0.021%) | $2,476 | 424.0% | |||
| Net income attributable to the Company | $11,636 | 0.180% | $6,558 | 0.239% | $5,078 | 77.4% | |||
| Basic and diluted net income per share attributable to Gold.com, Inc.: | |||||||||
| Per Share Data: | |||||||||
| Basic | $0.47 | $0.28 | $0.19 | 67.9% | |||||
| Diluted | $0.46 | $0.27 | $0.19 | 70.4% | |||||
| Performance Metrics:(1) | |||||||||
| Gold ounces sold(2) | 545,000 | 466,000 | 79,000 | 17.0% | |||||
| Silver ounces sold(3) | 18,635,000 | 21,828,000 | (3,193,000) | (14.6%) | |||||
| Inventory turnover ratio(4) | 4.6 | 2.2 | 2.4 | 109.1% | |||||
| Number of secured loans at period end(5) | 355 | 518 | (163) | (31.5%) | |||||
(1)
See "Results of Segments" for a description of additional metrics not listed above.
(2)
(3)
(4)
Inventory turnover ratio is the cost of sales divided by average inventory for the period presented above. This calculation excludes precious metals held under financing arrangements, which are not classified as inventory on the condensed consolidated balance sheets.
(5)
Number of outstanding secured loans to customers that are primarily collateralized by precious metals at the end of the period.
Consolidated Results of Operations for the Six Months Ended December 31, 2025 and 2024
The operating results of our business were as follows (in thousands, except per share and performance metrics data):
| Six Months Ended December 31, · 2025 · 2024 · Change | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| $ · % of revenue · $ · % of revenue · $ · % | |||||||||
| Revenues | $10,157,666 | 100.000% | $5,457,441 | 100.000% | $4,700,225 | 86.1% | |||
| Gross profit | 166,267 | 1.637% | 88,210 | 1.616% | $78,057 | 88.5% | |||
| Selling, general, and administrative expenses | (119,606) | (1.177%) | (52,371) | (0.960%) | $67,235 | 128.4% | |||
| Depreciation and amortization expense | (15,221) | (0.150%) | (9,348) | (0.171%) | $5,873 | 62.8% | |||
| Interest income | 11,360 | 0.112% | 13,881 | 0.254% | $(2,521) | (18.2%) | |||
| Interest expense | (28,853) | (0.284%) | (20,350) | (0.373%) | $8,503 | 41.8% | |||
| Earnings (losses) from equity method investments | 101 | 0.001% | (1,832) | (0.034%) | $1,933 | 105.5% | |||
| Other income, net | 2,483 | 0.024% | 661 | 0.012% | $1,822 | 275.6% | |||
| Unrealized losses on foreign exchange | (1,065) | (0.010%) | (662) | (0.012%) | $403 | 60.9% | |||
| Net income before provision for income taxes | 15,466 | 0.152% | 18,189 | 0.333% | $(2,723) | (15.0%) | |||
| Income tax expense | (2,909) | (0.029%) | (3,797) | (0.070%) | $(888) | (23.4%) | |||
| Net income | 12,557 | 0.124% | 14,392 | 0.264% | $(1,835) | (12.8%) | |||
| Net income (loss) attributable to noncontrolling interests | 1,860 | 0.018% | (1,150) | (0.021%) | $3,010 | 261.7% | |||
| Net income attributable to the Company | $10,697 | 0.105% | $15,542 | 0.285% | $(4,845) | (31.2%) | |||
| Basic and diluted net income per share attributable to Gold.com, Inc.: | |||||||||
| Per Share Data: | |||||||||
| Basic | $0.43 | $0.67 | $(0.24) | (35.8%) | |||||
| Diluted | $0.42 | $0.65 | $(0.23) | (35.4%) | |||||
| Performance Metrics:(1) | |||||||||
| Gold ounces sold(2) | 984,000 | 864,000 | 120,000 | 13.9% | |||||
| Silver ounces sold(3) | 29,026,000 | 42,277,000 | (13,251,000) | (31.3%) | |||||
| Inventory turnover ratio(4) | 7.1 | 4.7 | 2.4 | 51.1% | |||||
| Number of secured loans at period end(5) | 355 | 518 | (163) | (31.5%) | |||||
(1)
See "Results of Segments" for a description of additional metrics not listed above.
(2)
(3)
(4)
Inventory turnover ratio is the cost of sales divided by average inventory for the period presented above. This calculation excludes precious metals held under financing arrangements, which are not classified as inventory on the condensed consolidated balance sheets.
(5)
Number of outstanding secured loans to customers that are primarily collateralized by precious metals at the end of the period.
Revenues
| in thousands, except performance metrics | |||||||
|---|---|---|---|---|---|---|---|
| Three Months Ended December 31, · 2025 · 2024 · Change | |||||||
| $ · % of revenue · $ · % of revenue · $ · % | |||||||
| Revenues | $6,476,900 | 100.000% | $2,742,345 | 100.000% | $3,734,555 | 136.2% | |
| Performance Metrics | |||||||
| Gold ounces sold | 545,000 | 466,000 | 79,000 | 17.0% | |||
| Silver ounces sold | 18,635,000 | 21,828,000 | (3,193,000) | (14.6%) | |||
Revenues for the three months ended December 31, 2025 increased $3.735 billion, or 136.2%, to $6.477 billion from $2.742 billion in 2024. Excluding an increase of $2.494 billion of forward sales, our revenues increased $1.241 billion, or 69.0%, which was due to higher average selling prices of gold and silver as well as an increase in gold ounces sold, partially offset by a decrease in silver ounces sold. Revenues also increased due to the acquisitions of SGI and Pinehurst in February 2025 and AMS in April 2025.
Gold ounces sold for the three months ended December 31, 2025 increased 79,000 ounces, or 17.0%, to 545,000 ounces from 466,000 ounces in 2024. Silver ounces sold for the three months ended December 31, 2025 decreased 3,193,000 ounces, or 14.6%, to 18,635,000 ounces from 21,828,000 ounces in 2024. On average, selling prices for gold increased by 50.6% and selling prices for silver increased by 67.2% during the three months ended December 31, 2025 as compared to the prior year.
JMB's revenue represented 7.7% and 11.3% of the Company's consolidated revenue for the three months ended December 31, 2025 and 2024, respectively.
| in thousands, except performance metrics | |||||||
|---|---|---|---|---|---|---|---|
| Six Months Ended December 31, · 2025 · 2024 · Change | |||||||
| $ · % of revenue · $ · % of revenue · $ · % | |||||||
| Revenues | $10,157,666 | 100.000% | $5,457,441 | 100.000% | $4,700,225 | 86.1% | |
| Performance Metrics | |||||||
| Gold ounces sold | 984,000 | 864,000 | 120,000 | 13.9% | |||
| Silver ounces sold | 29,026,000 | 42,277,000 | (13,251,000) | (31.3%) | |||
Revenues for the six months ended December 31, 2025 increased $4.700 billion, or 86.1%, to $10.158 billion from $5.457 billion in 2024. Excluding an increase of $3.056 billion of forward sales, our revenues increased $1.644 billion, or 50.3%, which was due to higher average selling prices of gold and silver as well as an increase in gold ounces sold, partially offset by a decrease in silver ounces sold. Revenues also increased due to the acquisitions of SGI and Pinehurst in February 2025 and AMS in April 2025.
Gold ounces sold for the six months ended December 31, 2025 increased 120,000 ounces, or 13.9%, to 984,000 ounces from 864,000 ounces in 2024. Silver ounces sold for the six months ended December 31, 2025 decreased 13,251,000 ounces, or 31.3%, to 29,026,000 ounces from 42,277,000 ounces in 2024. On average, selling prices for gold increased by 45.8% and selling prices for silver increased by 59.9% during the six months ended December 31, 2025 as compared to the prior year.
JMB's revenue represented 7.8% and 11.3% of the Company's consolidated revenue for the six months ended December 31, 2025 and 2024, respectively.
Gross Profit
| in thousands, except performance metric | ||||||
|---|---|---|---|---|---|---|
| Three Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Gross profit | $93,370 | 1.442% | $44,767 | 1.632% | $48,603 | 108.6% |
| Performance Metric | ||||||
| Inventory turnover ratio | 4.6 | 2.2 | 2.4 | 109.1% | ||
Gross profit for the three months ended December 31, 2025 increased $48.6 million, or 108.6%, to $93.4 million from $44.8 million in 2024. The overall gross profit increase was due to an increase in gross profits earned by both the Wholesale Sales & Ancillary Services segment and the Direct-to-Consumer segment, including the acquisitions of SGI, Pinehurst, and AMS which were not included in the same year-ago period, partially offset by lower trading profits.
The Company’s overall gross margin percentage for the three months ended December 31, 2025 decreased by 19.0 basis points to 1.442% from 1.632% in 2024. Excluding forward sales that had a negligible impact to the amount of gross profit, our gross margin percentage for the three months ended December 31, 2025 increased by 58.4 basis points to 3.072% from 2.488%, which was primarily due to an increase in our retail market activity and higher premium spreads, partially offset by lower trading profits. JMB’s retail market activity represented 28.6% and 37.9%, respectively, of the Company’s consolidated gross profit for the three months ended December 31, 2025 and 2024.
Our inventory turnover ratio for the three months ended December 31, 2025 increased by 109.1% to 4.6 from 2.2 in 2024. The increase in our inventory turnover ratio was primarily due to higher revenue, including higher forward sales, partially offset by higher average inventory balances.
| in thousands, except performance metric | ||||||
|---|---|---|---|---|---|---|
| Six Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Gross profit | $166,267 | 1.637% | $88,210 | 1.616% | $78,057 | 88.5% |
| Performance Metric | ||||||
| Inventory turnover ratio | 7.1 | 4.7 | 2.4 | 51.1% | ||
Gross profit for the six months ended December 31, 2025 increased $78.1 million, or 88.5%, to $166.3 million from $88.2 million in 2024. The overall gross profit increase was due to an increase in gross profits earned by both the Wholesale Sales & Ancillary Services segment and the Direct-to-Consumer segment, including the acquisitions of SGI, Pinehurst, and AMS which were not included in the same year-ago period, partially offset by lower trading profits.
The Company’s overall gross margin percentage for the six months ended December 31, 2025 increased by 2.1 basis points to 1.637% from 1.616% in 2024. Excluding forward sales that had a negligible impact to the amount of gross profit, our gross margin percentage for the six months ended December 31, 2025 increased by 68.6 basis points to 3.386% from 2.700%, which was primarily due to an increase in our retail market activity and higher premium spreads, partially offset by lower trading profits. JMB’s retail market activity represented 25.4% and 37.5%, respectively, of the Company’s consolidated gross profit for the three months ended December 31, 2025 and 2024.
Our inventory turnover ratio for the six months ended December 31, 2025 increased by 51.1% to 7.1 from 4.7 in 2024. The increase in our inventory turnover ratio was primarily due to higher revenue, including higher forward sales, partially offset by higher average inventory balances.
Selling, General and Administrative Expense
| in thousands | ||||||
|---|---|---|---|---|---|---|
| Three Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Selling, general, and administrative expenses | $(59,784) | (0.923%) | $(25,754) | (0.939%) | $34,030 | 132.1% |
Selling, general and administrative expenses for the three months ended December 31, 2025 increased $34.0 million, or 132.1%, to $59.8 million from $25.8 million in 2024. The change was primarily due to: (i) an increase in compensation expense (including performance-based accruals) of $21.6 million, (ii) higher advertising costs of $4.8 million, (iii) an increase in consulting and professional fees of $2.7 million, (iv) an increase in facilities expense of $1.3 million, (v) an increase in bank service and credit card fees of $1.4 million, and (vi) an increase in insurance costs of $1.0 million. Selling, general and administrative expenses for the three months ended December 31, 2025 included $29.6 million of expenses incurred by SGI, Pinehurst, and AMS, which were not included in the same year-ago period, as they were not yet consolidated subsidiaries. Excluding the increase from newly acquired subsidiaries, our selling, general and administrative expenses increased $4.4 million from the prior year period.
| in thousands | ||||||
|---|---|---|---|---|---|---|
| Six Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Selling, general, and administrative expenses | $(119,606) | (1.177%) | $(52,371) | (0.960%) | $67,235 | 128.4% |
Selling, general, and administrative expenses for the six months ended December 31, 2025 increased $67.2 million, or 128.4%, to $119.6 million from $52.4 million in 2024. The change was primarily due to: (i) an increase in compensation expense (including performance-based accruals) of $41.1 million, (ii) higher advertising costs of $10.0 million, (iii) an increase in consulting and professional fees of $6.7 million, (iv) an increase in facilities expense of $2.6 million, (v) an increase in bank service and credit card fees of $2.6 million, and (vi) an increase in insurance costs of $1.5 million. Selling, general and administrative expenses for the six months ended December 31, 2025 included $60.0 million of expenses incurred by SGI, and Pinehurst, and AMS which were not included in the same year-ago period as these were not consolidated subsidiaries. Excluding the increase from newly acquired subsidiaries, our selling, general and administrative expenses increased $7.2 million from the prior year period.
Depreciation and Amortization Expense
| in thousands | ||||||
|---|---|---|---|---|---|---|
| Three Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Depreciation and amortization expense | $(7,638) | (0.118%) | $(4,639) | (0.169%) | $2,999 | 64.6% |
Depreciation and amortization expense for the three months ended December 31, 2025 increased $3.0 million, or 64.6%, to $7.6 million from $4.6 million in 2024 primarily due to (i) an increase in amortization expense of $3.2 million relating to an increase in intangible asset amortization from intangible assets acquired through our acquisitions of SGI, Pinehurst, and AMS and (ii) an increase in depreciation expense of $1.6 million due to an increase in capital expenditures, partially offset by (iii) a decrease of $1.8 million in JMB and SGB intangible asset amortization.
| in thousands | ||||||
|---|---|---|---|---|---|---|
| Six Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Depreciation and amortization expense | $(15,221) | (0.150%) | $(9,348) | (0.171%) | $5,873 | 62.8% |
Depreciation and amortization expense for the six months ended December 31, 2025 increased $5.9 million, or 62.8%, to $15.2 million from $9.3 million in 2024 primarily due to (i) an increase in amortization expense of $6.4 million relating to an increase in intangible asset amortization from intangible assets acquired through our acquisitions of SGI, Pinehurst, and AMS and (ii) an increase in depreciation expense of $3.1 million due to an increase in capital expenditures, partially offset by (iii) a decrease of $3.7 million in JMB and SGB intangible asset amortization.
| in thousands, except performance metric | ||||||
|---|---|---|---|---|---|---|
| Three Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Interest income | $5,789 | 0.089% | $6,794 | 0.248% | $(1,005) | (14.8%) |
| Performance Metric | ||||||
| Number of secured loans at period-end | 355 | 518 | (163) | (31.5%) | ||
Interest income for the three months ended December 31, 2025 decreased $1.0 million, or 14.8%, to $5.8 million from $6.8 million in 2024. The aggregate decrease in interest income was due to an decrease in other finance product income of $1.1 million, partially offset by an increase in interest income earned by our Secured Lending segment of $0.1 million.
The interest income from our Secured Lending segment increased by $0.1 million, or 4.9%, compared with the prior year period. The increase in interest income earned from the segment’s secured loan portfolio was primarily due to higher average monthly loan balances, partially offset by fewer loans outstanding. The number of secured loans outstanding decreased by 31.5% to 355 as of December 31, 2025, from 518 as of December 31, 2024.
| in thousands, except performance metric | ||||||
|---|---|---|---|---|---|---|
| Six Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Interest income | $11,360 | 0.112% | $13,881 | 0.254% | $(2,521) | (18.2%) |
| Performance Metric | ||||||
| Number of secured loans at period-end | 355 | 518 | (163) | (31.5%) | ||
Interest income for the six months ended December 31, 2025 decreased $2.5 million, or 18.2%, to $11.4 million from $13.9 million in 2024. The aggregate decrease in interest income was due to a decrease in other finance product income of $2.2 million and a decrease in interest income earned by our Secured Lending segment of $0.3 million.
The interest income from our Secured Lending segment decreased by $0.3 million, or 6.1%, compared with the prior year period. The decrease in interest income earned from the segment’s secured loan portfolio was primarily due to lower average monthly loan balances and fewer loans outstanding. The number of secured loans outstanding decreased by 31.5% to 355 as of December 31, 2025, from 518 as of December 31, 2024.
| in thousands | ||||||
|---|---|---|---|---|---|---|
| Three Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Interest expense | $(16,253) | (0.251%) | $(10,363) | (0.378%) | $5,890 | 56.8% |
Interest expense for the three months ended December 31, 2025 increased $5.9 million, or 56.8%, to $16.3 million from $10.4 million in 2024. The increase in interest expense was primarily due to: (i) an increase of $3.7 million related to product financing arrangements due to higher interest rates, partially offset by reduced borrowings, (ii) an increase of $1.9 million related to precious metals leases driven by higher overall borrowings and an increase in weighted-average interest rates, and (iii) an increase of $0.1 million associated with our Trading Credit Facility due to increased borrowings, partially offset by a decrease in interest rates.
| in thousands | ||||||
|---|---|---|---|---|---|---|
| Six Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Interest expense | $(28,853) | (0.284%) | $(20,350) | (0.373%) | $8,503 | 41.8% |
Interest expense for the six months ended December 31, 2025 increased $8.5 million, or 41.8%, to $28.9 million from $20.4 million in 2024. The increase in interest expense was primarily due to: (i) an increase of $4.2 million related to product financing arrangements due to higher interest rates, partially offset by reduced borrowings, (ii) an increase of $3.2 million related to precious metals leases driven by higher overall borrowings and an increase in weighted-average interest rates, and (iii) an increase of $0.7 million associated with our Trading Credit Facility due to increased borrowings.
Earnings (Losses) from Equity Method Investments
| in thousands | ||||||
|---|---|---|---|---|---|---|
| Three Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Earnings (losses) from equity method investments | $1,009 | 0.016% | $(2,410) | (0.088%) | $3,419 | 141.9% |
Earnings (losses) from equity method investments for the three months ended December 31, 2025 increased $3.4 million, or 141.9%, to earnings of $1.0 million from a loss of $2.4 million in 2024 due to increased earnings of our equity method investees.
| in thousands | ||||||
|---|---|---|---|---|---|---|
| Six Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Earnings (losses) from equity method investments | $101 | 0.001% | $(1,832) | (0.034%) | $1,933 | 105.5% |
Earnings (losses) from equity method investments for the six months ended December 31, 2025 increased $1.9 million, or 105.5%, to earnings of $0.1 million from a loss of $1.8 million in 2024 due to increased earnings of our equity method investees.
Other Income, Net
| in thousands | ||||||
|---|---|---|---|---|---|---|
| Three Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Other income, net | $250 | 0.004% | $461 | 0.017% | $(211) | (45.8%) |
Other income, net for the three months ended December 31, 2025 decreased $0.2 million, or 45.8%, to $0.3 million from $0.5 million in 2024. The change in other income, net was not significant.
| in thousands | ||||||
|---|---|---|---|---|---|---|
| Six Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Other income, net | $2,483 | 0.024% | $661 | 0.012% | $1,822 | 275.6% |
Other income, net for the six months ended December 31, 2025 increased $1.8 million, or 275.6%, to $2.5 million from $0.7 million in 2024. The change in other income, net was primarily due to contingent consideration fair value adjustments related to our acquisitions of LPM, Pinehurst and AMS.
Income Tax Expense
| in thousands | ||||||
|---|---|---|---|---|---|---|
| Three Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Income tax expense | $(2,249) | (0.035%) | $(2,042) | (0.074%) | $207 | 10.1% |
Our income tax expense was $2.2 million and $2.0 million for the three months ended December 31, 2025 and 2024, respectively. Our effective tax rate was approximately 14.3% and 25.5% for the three months ended December 31, 2025 and 2024, respectively. Our effective tax rate varied from the federal statutory rate for the three months ended December 31, 2025 primarily due to the excess tax benefit from share-based compensation, partially offset by state taxes (net of federal tax benefit) and non-taxable and non-deductible expenditures. Our effective tax rate varied from the federal statutory rate for the three months ended December 31, 2024 primarily due to the excess tax benefit from share-based compensation, partially offset by state taxes (net of federal tax benefit), foreign tax rate differential, Section 162(m) executive compensation disallowance, and other normal course non-deductible expenditures.
| in thousands | ||||||
|---|---|---|---|---|---|---|
| Six Months Ended December 31, · 2025 · 2024 · Change | ||||||
| $ | % of revenue | $ | % of revenue | $ | % | |
| Income tax expense | $(2,909) | (0.029%) | $(3,797) | (0.070%) | $(888) | (23.4%) |
Our income tax expense was $2.9 million and $3.8 million for the six months ended December 31, 2025 and 2024. Our effective tax rate was approximately 18.8% and 20.9% for the six months ended December 31, 2025 and 2024, respectively. Our effective tax rate varied from the federal statutory rate for the six months ended December 31, 2025 primarily due to the excess tax benefit from share-based compensation, partially offset by state taxes (net of federal tax benefit) and non-taxable and non-deductible expenditures. Our effective tax rate varied from the federal statutory rate for the six months ended December 31, 2024 primarily due to the excess tax benefit from share-based compensation, partially offset by state taxes (net of federal tax benefit), foreign tax rate differential, Section 162(m) executive compensation disallowance, and other normal course non-deductible expenditures.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.