The Marygold Companies, Inc. (NYSE American: MGLD), a diversified global holding firm, reported financial results for the fiscal year and fourth quarter ended June 30, 2026. Revenue for fiscal 2026 grew 8% to $25.3 million, up from $23.4 million in fiscal 2025. 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 the prior fiscal year. For the fourth quarter, revenue increased 26% to $6.9 million, but the net loss widened to $3.7 million, or $0.09 per share, versus a net loss of $1.5 million, or $0.04 per share, a year earlier.
The fourth-quarter loss primarily reflected a $2.7 million write-off of intangible assets from the company’s UK financial services business and a $0.9 million impairment of an illiquid investment. At fiscal year-end, stockholders’ equity totaled $19.2 million, down from $23.0 million, and cash and cash equivalents were $2.9 million, compared with $5.0 million the previous year.
“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 for the year, up from $2.9 billion, driven primarily by heightened energy-related commodity prices amid ongoing geopolitical uncertainty. USCF Investments, based in Walnut Creek, Calif., serves as manager, operator, or investment adviser to 17 exchange-traded products. More information is available at https://www.uscfinvestments.com/.
“While higher shipping and raw material costs weighed margins across our consumer-facing subsidiaries, operational improvements helped to lower overall losses globally. Leading the way domestically was Original Sprout, which achieved 13% revenue growth and a return to profitability after we successfully transformed our sales strategy to align with changing customer shopping preferences,” Neibert added. Original Sprout, acquired in 2017 and based in San Clemente, Calif., produces hair and skin care products distributed throughout the U.S. and internationally. Its website is www.originalsprout.com.
“Fiscal 2026 was a year of purposeful transformation for the Company. 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,” said Nicholas Gerber, Chief Executive Officer. As part of this process, the company designated its New Zealand subsidiaries as discontinued operations and put them up for sale while maintaining operational support during the transition. It sold its Canadian security business at the start of the year and paused fintech operations in the U.S. and U.K. “While the changes we made resulted in substantial non-cash write-offs that produced an operating loss for the year, we’re now positioned to operate with less overhead and expect to be on a path to profitability in the coming fiscal year,” Gerber said.
The company’s Gourmet Foods subsidiary, acquired in 2015, is a commercial-scale bakery producing meat pies and pastries under the Pat’s Pantry and Ponsonby Pies brands. Its website is https://gourmetfoodsltd.co.nz/. Printstock Products Limited, acquired by Gourmet Foods in 2020, is a printer of specialized food wrappers based in Napier, New Zealand, at https://www.printstock.co.nz.
Marygold & Co. (UK) Limited 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/. These units manage clients’ financial wealth and offer a mobile fintech app providing a high interest rate on deposits and money management tools.
The company’s strategic realignment aims to reduce overhead and focus on its core fund management business, which has benefited from favorable energy market conditions. However, the write-offs and impairments highlight the challenges in its financial services and fintech ventures. With a leaner structure and continued growth in USCF Investments, Marygold expects to move toward profitability in the coming fiscal year, though risks remain including market volatility and execution of its divestitures.
