The Marygold Companies, Inc. (NYSE American: MGLD), a diversified global holding firm with a focus on financial services, reported financial results for the fiscal year and fourth quarter ended June 30, 2026. The company's revenue for fiscal 2026 grew 8% to $25.3 million, up from $23.4 million in the prior fiscal year. The net loss narrowed to $4.4 million, or $0.10 per share, compared to a net loss of $5.8 million, or $0.14 per share, for fiscal 2025.
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, from $1.5 million, or $0.04 per share, in the same period last year. This increase was primarily due to a $2.7 million write-off of intangible assets related to the company's UK financial services business and a $0.9 million impairment of an illiquid investment.
David Neibert, Chief Operations Officer, highlighted the strong performance of USCF Investments, the company's 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 Neibert. Average AUM reached $4.1 billion, up from $2.9 billion, driven by heightened energy-related commodity prices amid geopolitical uncertainty. Neibert also noted that Original Sprout, the company's beauty products subsidiary, 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. "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," Gerber said. As part of this process, the company designated its New Zealand subsidiaries as discontinued operations and put them up for sale. It also sold its Canadian security business at the start of the year and paused fintech operations in the U.S. and U.K. These actions 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 balance sheet showed total assets of $24.0 million at fiscal year-end, down from $30.4 million, and stockholders' equity of $19.2 million, compared to $23.0 million. Cash and cash equivalents stood at $2.9 million, down from $5.0 million.
Marygold's business units include USCF Investments, a manager of exchange-traded products; Gourmet Foods, a New Zealand bakery; Printstock Products, a food wrapper printer; Original Sprout, a hair and skin care producer; and Marygold & Co. (UK) Limited, which operates investment advisory businesses Tiger Financial and Asset Management and Step-by-Step Financial Planners. The company continues to face risks and uncertainties, as outlined in its forward-looking statements.
