Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 350

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 350
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 except performance metric

    Six Months Ended December 31,
     
    2024

    2023

    Change

    $

    % of interestincome

    $

    % of interestincome

    $

    %

    Interest income
     
    $
    5,646

    100.000
    %

    $
    5,432

    100.000
    %

    $
    214

    3.9
    %

    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 $0.2 million, or 3.9%, to $5.6 million from $5.4 million in 2023. 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 197, or 27.6% to 518 from 715 as of December 31, 2023.

Interest Expense — Secured Lending

    in thousands

    Three Months Ended December 31,
     
    2024

    2023

    Change

    $

    % of interestincome

    $

    % of interestincome

    $

    %

    Interest expense
     
    $
    (1,591
    )

    (60.586
    %)

    $
    (2,415
    )

    (88.203
    %)

    $
    (824
    )

    (34.1
    %)

Interest expense for the three months ended December 31, 2024 decreased $0.8 million, or 34.1%, to $1.6 million from $2.4 million in 2023. The change was primarily due to: (i) a decrease of $0.4 million in connection with our Trading Credit Facility and (ii) a decrease of $0.4 million related to the AMCF Notes (including amortization of debt issuance costs) due to their repayment in December 2023.

    in thousands

    Six Months Ended December 31,
     
    2024

    2023

    Change

    $

    % of interestincome

    $

    % of interestincome

    $

    %