The Marygold Companies, Inc. (NYSE American: MGLD), a diversified global holding firm focusing on financial services, 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, while 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, the prior year.
For the fourth quarter, revenue increased 26% to $6.9 million from $5.5 million in the year-ago period. However, the net loss widened to $3.7 million, or $0.09 per share, versus $1.5 million, or $0.04 per share, in the fourth quarter of 2025. This 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 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). Average AUM increased to $4.1 billion for the year, up from $2.9 billion in the prior fiscal year, driven primarily by heightened energy-related commodity prices amid ongoing geopolitical uncertainty,” said Neibert. He 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.” He explained, “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.” As part of this transformation, the company designated its New Zealand subsidiaries as discontinued operations and put them up for sale, sold its Canadian security business at the start of the year, and paused fintech operations in the U.S. and U.K. Gerber added, “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.”
At fiscal year-end, stockholders' equity totaled $19.2 million, down from $23.0 million, and total assets were $24.0 million versus $30.4 million. Cash and cash equivalents stood at $2.9 million, compared to $5.0 million a year earlier.
The company's USCF Investments subsidiary (https://www.uscfinvestments.com/) manages 17 exchange-traded products. Gourmet Foods (https://gourmetfoodsltd.co.nz/), a New Zealand bakery, and its Printstock Products Limited (https://www.printstock.co.nz) unit are part of the discontinued operations. Original Sprout (www.originalsprout.com) continues to distribute hair and skin care products globally. Marygold & Co. (UK) Limited (https://marygoldandco.uk/) operates investment advisory units, including Marygold & Co Limited (http://www.tfam.co.uk/) and Step-by-Step Financial Planners (https://www.sbsfp.co.uk/).
Investors may watch for the company's progress in streamlining operations and achieving profitability, as management's strategic realignment aims to reduce overhead and focus on core fund management. The results reflect both challenges in consumer-facing units and opportunities in commodity-linked financial products.
