The Marygold Companies, Inc. (NYSE American: MGLD), a diversified global holding firm, reported an 8% increase in revenue for its fiscal year ended June 30, 2026, reaching $25.3 million, up from $23.4 million the prior year. The company narrowed its net loss to $4.4 million, or $0.10 per share, from a net loss of $5.8 million, or $0.14 per share, in fiscal 2025. However, for the fourth quarter, revenue rose 26% to $6.9 million, but the net loss widened to $3.7 million, or $0.09 per share, from $1.5 million, or $0.04 per share, a year earlier. The larger quarterly loss stemmed primarily from a $2.7 million write-off of intangible assets in the company’s UK financial services business and a $0.9 million impairment of an illiquid investment.
“Our largest operating unit, USCF Investments, delivered strong growth in fiscal 2026, with revenue increasing 23%, fueled by a 41% rise in average assets under management (AUM),” said David Neibert, Chief Operations Officer. Average AUM increased to $4.1 billion from $2.9 billion, driven by heightened energy-related commodity prices amid ongoing geopolitical uncertainty. USCF Investments (https://www.uscfinvestments.com/) manages 17 exchange-traded products.
Neibert also noted that higher shipping and raw material costs weighed on margins across consumer-facing subsidiaries, but operational improvements helped lower overall losses globally. Original Sprout (www.originalsprout.com) achieved 13% revenue growth and returned to profitability after a sales strategy overhaul.
CEO Nicholas Gerber described fiscal 2026 as “a year of purposeful transformation.” The company designated its New Zealand subsidiaries—Gourmet Foods (https://gourmetfoodsltd.co.nz/) and Printstock Products (https://www.printstock.co.nz)—as discontinued operations and put them up for sale. It sold its Canadian security business and paused fintech operations in the U.S. and U.K. These moves resulted in substantial non-cash write-offs but are expected to reduce overhead and put the company on a path to profitability in the coming fiscal year.
At fiscal year-end, stockholders’ equity was $19.2 million, down from $23.0 million, and total assets were $24.0 million versus $30.4 million. Cash and cash equivalents fell to $2.9 million from $5.0 million. The company’s UK operations include Marygold & Co. (UK) Limited (https://marygoldandco.uk/), which operates through Marygold & Co Limited (http://www.tfam.co.uk/) and Step-by-Step Financial Planners (https://www.sbsfp.co.uk/).
The restructuring reflects a strategic pivot toward core fund management. While the fourth-quarter loss highlights ongoing challenges, particularly in UK financial services, the strong performance of USCF Investments and the return to profitability at Original Sprout suggest that the company’s efforts to streamline operations may yield improved results. Investors will watch whether the planned divestitures and cost reductions can deliver the promised profitability in fiscal 2027.
