The Marygold Companies, Inc. (NYSE American: MGLD), a diversified global holding firm, reported fiscal year and fourth quarter financial results that reveal a year of strategic transformation, with mixed performance across its business units. For fiscal 2026, revenue rose 8% to $25.3 million from $23.4 million a year earlier, and the net loss narrowed to $4.4 million, or $0.10 per share, from $5.8 million, or $0.14 per share, in fiscal 2025. However, the fourth quarter saw revenue jump 26% to $6.9 million, but the net loss widened to $3.7 million, or $0.09 per share, compared to $1.5 million, or $0.04 per share, in the prior-year quarter. This decline was largely due to a $2.7 million write-off of intangible assets from the UK financial services business and a $0.9 million impairment of an illiquid investment.
The company’s largest operating unit, USCF Investments, which serves as manager, operator, or investment adviser to 17 exchange traded products, delivered strong growth with revenue up 23% and average assets under management (AUM) climbing 41% to $4.1 billion from $2.9 billion. David Neibert, Chief Operations Officer, attributed this to heightened energy-related commodity prices amid ongoing geopolitical uncertainty. "While higher shipping and raw material costs weighed margins across our consumer-facing subsidiaries, operational improvements helped to lower overall losses globally," Neibert said. "Leading the way domestically was Original Sprout, which achieved 13% revenue growth and a return to profitability after we successfully transformed our sales strategy."
CEO Nicholas Gerber described fiscal 2026 as a year of purposeful transformation. "We made disciplined, strategic decisions to strengthen our foundation, concentrate resources on our core fund management businesses, and position the company for long-term success," he said. As part of this, the company designated its New Zealand subsidiaries—Gourmet Foods and Printstock Products—as discontinued operations and put them up for sale, while selling its Canadian security business and pausing 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.
The company’s portfolio includes several subsidiaries with online presences. USCF Investments, based in Walnut Creek, California, operates at https://www.uscfinvestments.com/. Gourmet Foods, a commercial-scale bakery in New Zealand, can be found at https://gourmetfoodsltd.co.nz/, and its subsidiary Printstock Products Limited, a printer of specialized food wrappers, at https://www.printstock.co.nz. Original Sprout, a hair and skin care products company based in San Clemente, California, has its website at www.originalsprout.com. Marygold & Co. (UK) Limited, established in 2021, operates through two investment advisory units: Marygold & Co Limited (formerly Tiger Financial and Asset Management) at http://www.tfam.co.uk/ and Step-by-Step Financial Planners at https://www.sbsfp.co.uk/.
At fiscal year-end, stockholders’ equity stood at $19.2 million, down from $23.0 million, and total assets were $24.0 million versus $30.4 million. Cash and cash equivalents decreased to $2.9 million from $5.0 million. The company’s forward-looking statements caution that expected profitability is subject to risks and uncertainties. For more information, visit www.themarygoldcompanies.com.
