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Marygold 2026 revenue up 8% to $25.3M, loss $4.4M

Marygold (MGLD) grew revenue but remained unprofitable as it restructured and recorded sizeable asset write-offs in fiscal 2026.

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Marygold Companies, Inc. (MGLD) reported fiscal 2026 results with revenue rising 8% to $25.3 million from $23.4 million in 2025, while narrowing the annual net loss to $4.4 million or $0.10 per share from $5.8 million or $0.14 per share.

Fourth-quarter revenue for the period ended June 30, 2026 increased 26% to $6.9 million, but the quarterly net loss widened to $3.7 million or $0.09 per share, mainly due to a $2.7 million write-off of intangible assets tied to the U.K. financial services business and a $0.9 million impairment of an illiquid investment.

At year-end 2026, stockholders’ equity was $19.2 million and total assets were $24.0 million, both down from $23.0 million and $30.4 million, respectively, as the company sold its Canadian security business, designated New Zealand subsidiaries as discontinued operations, and paused fintech operations in the U.S. and U.K. Management highlighted strong performance at USCF Investments, where revenue grew 23% on a 41% increase in average AUM to $4.1 billion, and noted that operational changes are intended to put the company on a path to profitability.

Positive

  • Fiscal 2026 revenue grew 8% to $25.3 million from $23.4 million, showing top-line expansion despite restructuring.
  • Annual net loss improved to $4.4 million (loss of $0.10 per share) from $5.8 million (loss of $0.14 per share), reflecting lower ongoing losses.
  • USCF Investments delivered 23% revenue growth on a 41% rise in average AUM to $4.1 billion, indicating strength in the core fund management business.
  • Cost of revenue declined sharply to $1.9 million from $3.2 million, lifting gross profit to $23.4 million from $20.3 million.

Negative

  • Marygold remained loss-making, with a fiscal 2026 net loss of $4.4 million and a Q4 2026 loss of $3.7 million, the latter widening from $1.5 million a year earlier.
  • Non-cash charges totaled $3.6 million in impairment loss, including a $2.7 million write-off of intangibles in the U.K. financial services business and a $0.9 million impairment of an illiquid investment.
  • The balance sheet weakened, with total assets falling to $24.0 million from $30.4 million and stockholders’ equity dropping to $19.2 million from $23.0 million.
  • Cash and cash equivalents declined to $2.9 million at June 30, 2026 from $5.0 million, reducing liquidity.
  • The company exited or paused several operations, including selling its Canadian security business, designating New Zealand subsidiaries as discontinued operations, and pausing fintech operations in the U.S. and U.K.

Filing Explained

The 8-K reports fiscal 2026 results; at June 30, 2026, cash and cash equivalents were $2.9 million, down from $5.0 million a year earlier, leaving less cash on hand while the filing provides no new financing or ownership change.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Fiscal 2026 Revenue $25.3 million Year ended June 30, 2026; up from $23.4 million in fiscal 2025
Fiscal 2026 Net Loss $4.4 million Year ended June 30, 2026; improved from $5.8 million net loss in 2025
Q4 2026 Revenue $6.9 million Fourth quarter ended June 30, 2026; up 26% from $5.5 million
Q4 2026 Net Loss $3.7 million Fourth quarter ended June 30, 2026; wider than $1.5 million year-ago loss
Average AUM at USCF Investments $4.1 billion Fiscal 2026 average; up from $2.9 billion in prior fiscal year
Total Assets $24.0 million As of June 30, 2026; down from $30.4 million at June 30, 2025
Stockholders’ Equity $19.2 million As of June 30, 2026; down from $23.0 million a year earlier
Cash and Cash Equivalents $2.9 million As of June 30, 2026; down from $5.0 million at June 30, 2025
discontinued operations financial
"designated our New Zealand subsidiaries as discontinued operations, meaning we have put them up for sale"
Discontinued operations are parts of a company that it has decided to sell or shut down, and no longer plans to run in the future. This matters to investors because it helps them understand which parts of the business are ongoing and which are being phased out, providing a clearer picture of the company’s current performance and future prospects. Think of it like a store closing a department—it no longer contributes to sales or profits.
impairment loss financial
"Impairment loss | | | 3,605 | | | | -"
An impairment loss is an accounting write-down recorded when an asset’s recorded value on the books is higher than what the company can realistically recover from using or selling it. Think of it like admitting a used car is worth much less than the loan balance and adjusting the records to match the true value; for investors, impairment losses reduce reported profits and net assets, can signal weaker future cash flow from that asset, and may affect covenants and valuation.
assets held for sale financial
"Assets held for sale | | | 2,517 | | | | 2,821"
Assets held for sale are things a company has decided to sell and has reclassified on its balance sheet to show they are being marketed rather than used in daily operations — like putting a house on the market instead of living in it. This matters to investors because these items are measured based on expected sale proceeds (which can reveal likely gains or losses), stop being treated as regular operating assets, and signal upcoming cash inflows or a change in strategy that can affect the company’s financial health and stock value.
forward-looking statements regulatory
"This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Revenue (Fiscal 2026) $25.3 million Up 8% from $23.4 million in fiscal 2025
Net Loss (Fiscal 2026) $4.4 million Improved from $5.8 million net loss in fiscal 2025
Revenue (Q4 2026) $6.9 million Up 26% from $5.5 million in Q4 2025
Net Loss (Q4 2026) $3.7 million Widened from $1.5 million net loss in Q4 2025
Average AUM at USCF Investments $4.1 billion Up from $2.9 billion in prior fiscal year
Total Assets $24.0 million Down from $30.4 million at June 30, 2025
Stockholders’ Equity $19.2 million Down from $23.0 million at June 30, 2025
Cash and Cash Equivalents $2.9 million Down from $5.0 million at June 30, 2025

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did Marygold Companies (MGLD) perform financially in fiscal year 2026?
Marygold reported fiscal 2026 revenue of $25.3 million, up 8% from $23.4 million in 2025, and a net loss of $4.4 million, improved from a $5.8 million net loss the prior year, equal to a loss of $0.10 per share versus $0.14 per share.

What were Marygold (MGLD)’s results for the fourth quarter ended June 30, 2026?
For the fourth quarter, Marygold generated revenue of $6.9 million, a 26% increase from $5.5 million a year earlier, and reported a net loss of $3.7 million, or $0.09 per share, compared with a net loss of $1.5 million, or $0.04 per share, in the prior-year quarter.

Why did Marygold’s fourth-quarter 2026 loss increase despite higher revenue?
The $3.7 million fourth-quarter net loss primarily reflected a $2.7 million write-off of intangible assets from the U.K. financial services business and a $0.9 million impairment of an illiquid investment, which more than offset the benefit of higher revenue.

How did Marygold (MGLD)’s balance sheet change in fiscal 2026?
At June 30, 2026, total assets were $24.0 million versus $30.4 million a year earlier, and stockholders’ equity was $19.2 million versus $23.0 million. Cash and cash equivalents were $2.9 million, down from $5.0 million at the prior fiscal year-end.

How did the USCF Investments unit perform for Marygold in 2026?
USCF Investments posted 23% revenue growth in fiscal 2026, driven by a 41% increase in average AUM to $4.1 billion from $2.9 billion, largely due to higher energy-related commodity prices amid geopolitical uncertainty.

What strategic restructuring steps did Marygold (MGLD) take in fiscal 2026?
Marygold designated its New Zealand subsidiaries as discontinued operationspaused fintech operations in the U.S. and U.K., actions aimed at concentrating resources on core fund management and reducing overhead.

What is Marygold’s liquidity position at the end of fiscal 2026?
At the close of fiscal 2026, Marygold held $2.9 million in cash and cash equivalents compared with $5.0 million at the end of fiscal 2025, and current assets totaled $16.0 million versus current liabilities of $3.7 million.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001005101 0001005101 2026-09-18 2026-09-18 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 18, 2026

 

The Marygold Companies, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada   001-41318   90-1133909
(State or Other Jurisdiction   (Commission   (IRS Employer
of Incorporation)   File Number)   Identification No.)

 

120 Calle Iglesia

Unit B

San Clemente, CA 92672

(Address of Principal Executive Offices and Zip Code)

 

(949) 218-8542

(Registrant’s telephone number, including area code)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.001 par value   MGLD   NYSE American LLC

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule l2b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 2.02 Results of Operations and Financial Condition.

 

On September 18, 2026, The Marygold Companies, Inc. issued a press release announcing its financial results for the fiscal year and fourth quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Pursuant to the rules and regulations of the Securities and Exchange Commission, such exhibit and the information set forth therein and in this Item 2.02 have been furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing regardless of any general incorporation language.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

  99.1 Earnings Press Release Dated September 18, 2026
  104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: September 21, 2026 THE MARYGOLD COMPANIES, INC.
     
  By: /s/ Nicholas D. Gerber
    Nicholas D. Gerber
    Chief Executive Officer (Principal Executive Officer)

 

 

 

Exhibit 99.1

 

The Marygold Companies Reports Financial Results

For Fiscal Year and Fourth Quarter Ended June 30, 2026

 

San Clemente, Calif., September 18, 2026 – The Marygold Companies, Inc. (the “Company”) (NYSE American: MGLD), a diversified global holding firm with a focus on financial services, today reported financial results for the fiscal year and fourth quarter ended June 30, 2026.

 

Revenue for fiscal 2026 grew 8% to $25.3 million, from $23.4 million for fiscal 2025. The Company narrowed its net loss to $4.4 million, or a net loss of $0.10 per share, from a net loss of $5.8 million, or a net loss of $0.14 per share, for the prior fiscal year.

 

For the fourth quarter ended June 30, 2026, revenue increased 26% to $6.9 million, from $5.5 million for the year-ago quarter. The Company’s net loss was $3.7 million, equal to a net loss of $0.09 per share, versus a net loss of $1.5 million, equal to a net loss of $0.04 per share, for the quarter ended June 30, 2025. Marygold’s net loss for the most recent fourth quarter primarily reflected the write-off of intangible assets of $2.7 million resulting from losses incurred by the Company’s UK financial services business and the impairment of a certain illiquid investment totaling $0.9 million.

 

At the close of fiscal 2026, stockholders’ equity totaled $19.2 million, compared with $23.0 million at the close of fiscal 2025. Total assets at the 2026 fiscal year-end amounted to $24.0 million, versus $30.4 million last year. The Company had cash and cash equivalents of $2.9 million at the end of fiscal 2026, compared with $5.0 million at the end of fiscal 2025.

 

“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.) 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 David Neibert, Chief Operations Officer.

 

“While higher shipping and raw material costs weighed on 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.

 

Nicholas Gerber, Chief Executive Officer, said, “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. As part of this process, we designated our New Zealand subsidiaries as discontinued operations, meaning we have put them up for sale, while maintaining operational support throughout the transition. We sold our Canadian security business at the start of the year, and we made the painful decision to pause our fintech operations both in the U.S. and the 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. We are committed to taking the right actions now in order to secure a return for our shareholders in the long-term.”

 

 

 

 

Business Units

 

The Company’s USCF Investments subsidiary, https://www.uscfinvestments.com/, acquired in 2016 and based in Walnut Creek, Calif., serves as manager, operator or investment adviser to 17 exchange traded products, structured as limited partnerships or investment trusts that issue shares trading on the NYSE Arca.

 

Gourmet Foods, https://gourmetfoodsltd.co.nz/, acquired in 2015, is a commercial-scale bakery that produces and distributes iconic meat pies and pastries throughout New Zealand under the brand names Pat’s Pantry and Ponsonby Pies. Acquired by Gourmet Foods in 2020, Printstock Products Limited, https://www.printstock.co.nz, is a printer of specialized food wrappers and is located in Napier, New Zealand.

 

San Clemente, Calif.-based Original Sprout, www.originalsprout.com, acquired in 2017, produces a full line of hair and skin care products distributed throughout the U.S. and in many regions throughout the world.

 

Marygold & Co. (UK) Limited, https://marygoldandco.uk/, was established in the U.K. in 2021 and operates through two U.K.-based investment advisory business units: Marygold & Co Limited (fka/Tiger Financial and Asset Management), acquired in 2022, http://www.tfam.co.uk/, and Step-by-Step Financial Planners, acquired in 2024, https://www.sbsfp.co.uk/, that manage clients’ financial wealth across a diverse product range. They also offer individuals and businesses in the U.K. a mobile fintech app that provides a high interest rate on deposits and intuitive money management tools.

 

About The Marygold Companies, Inc.

 

The Marygold Companies, Inc. was founded in 1996 and repositioned as a global holding firm in 2015. The Company currently has operating subsidiaries in financial services, food manufacturing, printing, and beauty products, under the trade names USCF Investments, Marygold & Co., Step-By-Step Financial Planners, Marygold & Co. Limited, Gourmet Foods, Printstock Products, and Original Sprout, respectively. Offices and manufacturing operations are in the U.S., New Zealand, and the U.K. For more information, visit www.themarygoldcompanies.com.

 

Forward-Looking Statements

 

This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may” “will,” “could,” “should” “believes,” “predicts,” “potential,” “continue” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements, including, but not limited to “..expect to be on a path to profitability”, involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. Readers should refer to the further detail of the risks disclosed in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission and in the Company’s other filings with the Securities and Exchange Commission. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.

 

Media and investors, for more information, contact:

 

Roger S. Pondel

PondelWilkinson

310-279-5965

rpondel@pondel.com

 

Contact the Company:

 

David Neibert, Chief Operations Officer

949-218-8542

dneibert@themarygoldcompanies.com

 

(Financial Tables Follow)

 

 

 

 

THE MARYGOLD COMPANIES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

 

   Year Ended June 30, 
   2026   2025 
         
Revenue          
Fund management - related party  $21,126   $17,135 
Beauty products   3,367    2,974 
Security systems   -    2,471 
Financial services   820    854 
Revenue   25,313    23,434 
           
Cost of revenue   1,864    3,163 
           
Gross profit   23,449    20,271 
           
Operating expense          
Salaries and compensation   9,202    10,781 
Fund operations   7,773    5,222 
General and administrative expense   6,347    8,175 
Impairment loss   3,605    - 
Marketing and advertising   2,296    2,460 
Depreciation and amortization   238    468 
Total operating expenses   29,461    27,106 
           
Loss from continuing operations   (6,012)   (6,835)
           
Other income (expense):          
Interest and dividend income   365    1,384 
Interest expense   (67)   (1,166)
Other income (expense), net   909    (939)
Total other income (expense), net   1,207    (721)
           
Loss from continuing operations before income taxes   (4,805)   (7,556)
           
Benefit from income taxes   277    1,562 
           
Net loss from continuing operations   (4,528)   (5,994)
           
Net income from discontinued operations   157    174 
           
Net loss  $(4,371)  $(5,820)
           
Weighted average shares of common stock          
Basic and diluted   42,956    41,701 
           
Net loss per common share          
Basic and diluted  $(0.10)  $(0.14)

 

 

 

 

THE MARYGOLD COMPANIES, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

 

   June 30, 2026   June 30, 2025 
         
ASSETS          
           
CURRENT ASSETS          
Cash and cash equivalents  $2,880   $5,004 
Accounts receivable, net (of which $2,684 and $1,281, respectively, due from related parties)   2,892    1,778 
Inventories   1,051    928 
Prepaid income tax and tax receivable   814    833 
Investments, at fair value   7,848    7,829 
Other current assets   513    1,046 
Total current assets   15,998    17,418 
           
Restricted cash   -    51 
Property and equipment, net   22    609 
Operating lease right-of-use asset   429    599 
Goodwill   -    2,206 
Intangible assets, net   -    937 
Deferred tax assets, net   3,599    3,440 
Assets held for sale   2,517    2,821 
Other assets   1,414    2,339 
Total assets  $23,979   $30,420 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY          
           
CURRENT LIABILITIES          
Accounts payable and accrued expenses  $3,364   $3,224 
Operating lease liabilities, current portion   314    307 
Advance from buyer of Brigadier Security Systems   -    720 
Purchase consideration payable, current portion   -    257 
Note payable, current portion   -    1,268 
Total current liabilities   3,678    5,776 
           
Operating lease liabilities, net of current portion   154    341 
Deferred tax liabilities, net   -    221 
Liabilities associated with assets held for sale   921    1,095 
Total long-term liabilities   1,075    1,657 
Total liabilities   4,753    7,433 
           
STOCKHOLDERS’ EQUITY          
Preferred stock, $0.001 par value; 50,000 shares authorized; Series B: 13 shares issued and outstanding at both June 30, 2026 and 2025, respectively   -    - 
Common stock, $0.001 par value; 900,000 shares authorized; 42,712 and 42,818 shares issued and outstanding at June 30, 2026 and 2025, respectively   42    42 
Additional paid-in capital   15,270    15,167 
Accumulated other comprehensive income (loss)   87    (420)
Retained earnings   3,827    8,198 
Total stockholders’ equity   19,226    22,987 
Total liabilities and stockholders’ equity  $23,979   $30,420 

 

 

 

Source: View Original Filing on SEC EDGAR

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