Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 153

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 153
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 842

    0.018
    %

    $
    (181
    )

    (21.5
    %)

Other income, net for the six months ended December 31, 2024 decreased $0.2 million, or 21.5%, to $0.7 million from $0.8 million in 2023. The change in other income, net was not significant. 

Income Tax Expense

    in thousands

    Three Months Ended December 31,
     
    2024

    2023

    Change

    $

    % of revenue

    $

    % of revenue

    $

    %

    Income tax expense
     
    $
    (2,042
    )

    (0.074
    %)

    $
    (4,467
    )

    (0.215
    %)

    $
    (2,425
    )

    (54.3
    %)

Our income tax expense was $2.0 million and $4.5 million for the three months ended December 31, 2024 and 2023, respectively. Our effective tax rate was approximately 25.5% and 24.2% for the three months ended December 31, 2024 and 2023, respectively. 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. Our effective tax rate for the three months ended December 31, 2023 varied from the tax computed at the federal statutory rate primarily due to the excess tax benefit from share-based compensation and the foreign derived intangible income special deduction, partially offset by state taxes (net of federal tax benefit), Section 162(m) executive compensation disallowance, and other normal course non-deductible expenditures.

    in thousands

    Six Months Ended December 31,
     
    2024

    2023

    Change

    $

    % of revenue

    $

    % of revenue

    $

    %

    Income tax expense
     
    $
    (3,797
    )

    (0.070
    %)

    $
    (9,419
    )

    (0.206
    %)