The Marygold Companies, Inc. (NYSE American: MGLD), a diversified global holding firm focused on financial services, reported an 8% increase in revenue for the fiscal year ended June 30, 2026, according to financial results released on September 18, 2026. Revenue rose to $25.3 million from $23.4 million in fiscal 2025, while the company’s net loss narrowed to $4.4 million, or $0.10 per share, from a net loss of $5.8 million, or $0.14 per share, the prior year.
For the fourth quarter, revenue increased 26% to $6.9 million from $5.5 million in the year-ago quarter. However, the net loss for the quarter widened to $3.7 million, or $0.09 per share, compared with a net loss of $1.5 million, or $0.04 per share, in the same period last year. The increased loss primarily reflected a $2.7 million write-off of intangible assets related to losses in the company’s UK financial services business, as well as a $0.9 million impairment of an illiquid investment.
David Neibert, Chief Operations Officer, attributed much of the company’s growth to its largest operating unit, USCF Investments. The subsidiary, based in Walnut Creek, California, saw revenue climb 23% as average assets under management (AUM) jumped 41% to $4.1 billion from $2.9 billion the previous year. Neibert noted that heightened energy-related commodity prices amid ongoing geopolitical uncertainty drove the AUM increase. Domestically, Original Sprout, the company’s beauty products unit, 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,” marked by strategic decisions to concentrate resources on core fund management businesses. The company designated its New Zealand subsidiaries, Gourmet Foods and Printstock Products, as discontinued operations and put them up for sale. It also 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 position the company for profitability in the coming fiscal year.
At fiscal year-end, stockholders’ equity stood at $19.2 million, down from $23.0 million a year earlier. Total assets were $24.0 million versus $30.4 million, and cash and cash equivalents fell to $2.9 million from $5.0 million. The company’s UK financial services operations, including Marygold & Co. (UK) Limited and its subsidiaries Marygold & Co Limited and Step-by-Step Financial Planners, continue to manage client wealth and offer a mobile fintech app. The company remains focused on long-term shareholder returns despite the recent restructuring charges.
