Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 320

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 320
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 other finance product income of $0.6 million and a decrease in interest income earned by our Secured Lending segment of $0.1 million.

The interest income from our Secured Lending segment decreased by $0.1 million, or 4.1%, 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 by fewer loans outstanding. The number of secured loans outstanding decreased by 27.6% to 518 as of December 31, 2024, from 715 as of December 31, 2023.

    in thousands, except performance metric

    Six Months Ended December 31,
     
    2024

    2023

    Change

    $

    % of revenue

    $

    % of revenue

    $

    %

    Interest income
     
    $
    13,881

    0.254
    %

    $
    12,413

    0.272
    %

    $
    1,468

    11.8
    %

    Performance Metric

    Number of secured loans at period-end

    518

    715

    (197
    )

    (27.6
    %)

Interest income for the six months ended December 31, 2024 increased $1.5 million, or 11.8%, to $13.9 million from $12.4 million in 2023. The aggregate increase in interest income was due to an increase in other finance product income of $1.2 million and an increase in interest income earned by our Secured Lending segment of $0.2 million.

The interest income from our Secured Lending segment increased by $0.2 million, or 3.9%, 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 27.6% to 518 as of December 31, 2024, from 715 as of December 31, 2023.

Interest Expense 

    in thousands

    Three Months Ended December 31,
     
    2024

    2023

    Change

    $

    % of revenue

    $

    % of revenue

    $

    %

    Interest expense
     
    $