GOLDGold.com, Inc.

Wholesale-Jewelry, Watches, Precious Stones & Metals

Revenue: $618M; 249% YoY
Operating margin: —
EBITDA: —
Market cap: $1.1B
Employees: 1,355; $456K revenue each
Net debt / EBITDA: —; $86M net debt
AI in 10-K: 2.6; mentions per 10K words

Takeover score 5 of 13

Fixable underperformance 1 of 7

TSR below peersNo
1 of 5 years
3+ of last 5 years
High CEO pay despite TSRNo
$2M median
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
15× net income
Cash flow under 80% of net income
Dilutive SBCNo
0% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
4% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
6% of assets
Over 40% of assets
Shareholder dissentYes
76% lowest support
Any vote under 80% support

Buyer economics 2 of 4

Low revenue per employeeYes
$456K · 10th pct
Bottom quartile of its SIC industry
Quiet on AINo
2.6 per 10K words · 64th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
—
More cash than debt, positive EBITDA
Buyout-sizedYes
$1.1B market cap
Market cap $500M–$5B

Catalysts 2 of 2

Active 13DYes
1 filing
Active-intent 13D in 18 months
Net insider sellingYes
−$13M net
Net sales over $10M in 12 months

Financials

Metric	FY2022	FY2023	FY2024	FY2025	FY2026	YoY	Trend
Revenue	$8.2B	$9.3B	$9.7B	$177M	$618M	249%
Net income	$133M	$156M	$69M	$17M	$82M	375%
Operating cash flow	−$89M	−$30M	$61M	$152M	$1.2B	703%
Capex	$3M	$5M	$7M	$11M	$13M	19%
Stock-based comp	$2M	$2M	$2M	$2M	$2M	51%
Buybacks	$0	$10M	$22M	—	—
Dividends	$23M	$37M	$42M	$19M	$23M	20%

Deal filings

None.

13D filers

Filed	Filer	Form	Stake	Intent
Sep 8, 2026	Tether Global Investments Fund, S.I.C.A.F., S.A.	SCHEDULE 13D/A	12.6%	Passive
May 7, 2026	Tether Global Investments Fund, S.I.C.A.F., S.A.	SCHEDULE 13D/A	11.8%	Active
Mar 13, 2026	BENJAMIN JEFFREY D	SCHEDULE 13D/A	4.9%	Passive
Feb 11, 2026	ROBERTS GREGORY N	SCHEDULE 13D/A	22.7%	Passive
Feb 11, 2026	Tether Global Investments Fund, S.I.C.A.F., S.A.	SCHEDULE 13D	11.5%	Passive
Mar 4, 2025	ROBERTS GREGORY N	SCHEDULE 13D/A	26.7%	Passive
Jul 8, 2022	BENJAMIN JEFFREY D	SC 13D/A	6.7%	Passive
Jul 16, 2021	BENJAMIN JEFFREY D	SC 13D/A	7.7%	Passive
May 27, 2021	ROBERTS GREGORY N	SC 13D/A	29.4%	Passive

Insider trading

Open-market buys, 12 mo: $44M · 13
Open-market sells, 12 mo: $57M · 82
Net: −$13M

Pay vs performance

Year	CEO total comp	Comp actually paid	TSR (indexed)	Peer TSR
FY2026	$2M	$5M	216	154
FY2025	$1M	−$910K	112	130
FY2024	$7M	$5M	160	70
FY2023	$1M	$2M	175	44
FY2022	$2M	$5M	144	36