Marygold (NYSE: MGLD) slashes losses and ends quarter debt-free

Rhea-AI Filing Summary

The Marygold Companies, Inc. reported fiscal second-quarter 2026 results for the period ended December 31, 2025. Revenue for the quarter was $7.6 million, slightly below $8.0 million a year earlier, which had included $0.6 million from Brigadier Security Systems sold in July 2025 for $2.5 million.

The quarterly net loss narrowed to $0.6 million, or $0.01 per share, from a $1.7 million loss, or $0.04 per share, driven by reduced fintech development and marketing spending and the elimination of interest-bearing debt service. For the first six months, revenue was $14.6 million versus $15.9 million, while the net loss improved to $0.9 million from $3.3 million, aided by a $0.5 million gain on the Brigadier sale.

At December 31, 2025, cash and cash equivalents were $4.1 million, total assets $27.8 million, stockholders’ equity $22.7 million, and the company reported no debt. Management highlighted a new ETF (ticker WTIB) launched on NYSE Arca, modest growth in its U.K. mobile fintech app, and continued profitability at its Original Sprout subsidiary.

Insights

Equity analyst – small-cap diversified financials

Marygold significantly reduced losses and ended the quarter debt-free.

Marygold showed notable operating progress despite slightly lower revenue. Quarterly revenue was $7.6 million versus $8.0 million a year earlier, reflecting the prior contribution from Brigadier, which was sold for $2.5 million in July 2025.

The key shift is profitability trajectory. The quarterly net loss improved to $0.6 million from $1.7 million, and the six-month loss decreased to $0.9 million from $3.3 million, helped by lower fintech and marketing expenses, removed interest-bearing debt service, and a $0.5 million gain on the Brigadier sale.

The balance sheet at December 31, 2025 shows $4.1 million of cash, total assets of $27.8 million, stockholders’ equity of $22.7 million, and no debt. Management also cited the launch of ETF WTIB and two consecutive profitable quarters at Original Sprout as part of its effort to move to consolidated profitability.

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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): February 5, 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 February 5, 2026, The Marygold Companies, Inc. issued a press release announcing its financial results for the three month and six month periods ended December 31, 2025. 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 February 5, 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: February 10, 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 its Second Fiscal Quarter Ended December 31, 2025

San Clemente, Calif., February 5, 2026 – The Marygold Companies, Inc. (the “Company”) (NYSE American: MGLD), a global holding firm with a focus on financial services, today reported financial results for its second fiscal quarter ended December 31, 2025.

Revenue for the three months ended December 31, 2025, amounted to $7.6 million, compared with the prior year period, when revenues were $8.0 million and which also included $0.6 million from Brigadier Security Systems (2000) Ltd. (“Brigadier”), a wholly owned subsidiary that was sold in July 2025 for $2.5 million. The Company’s net loss for the quarter was $0.6 million as compared with a net loss of $1.7 million for the second quarter of the prior fiscal year. The $1.1 million improvement in performance, or a loss of $0.01 per share as compared with $0.04 per share, is attributed to significant expense reductions in the fintech development and marketing expenses, along with the elimination of interest-bearing debt service.

Revenue for the six months ended December 31, 2025, totaled $14.6 million, compared with $15.9 million for the prior year period, which included $1.3 million from Brigadier. The Company’s net loss for the first half of fiscal year 2026 was $0.9 million compared to a net loss of $3.3 million in the prior year period. The improvement from posting a net loss of $0.08 per share a year ago to a net loss of $0.02 per share for the most recent period is attributed to the same factors as experienced in the three-month results, coupled with a $0.5 million gain on the sale of Brigadier.

Marygold’s balance sheet remained strong at the close of the fiscal 2026 second quarter. Cash and cash equivalents amounted to $4.1 million, with total assets of $27.8 million, total stockholders’ equity of $22.7 million and no debt.

“Results for the second quarter showed marked improvement over the prior year period, reflecting strategies management has taken to sharply reduce operating losses. We curtailed further development costs of our proprietary mobile fintech app and closely controlled expenses throughout the Company,” said David Neibert, Chief Operations Officer. “During the second quarter, we were pleased to have launched a new ETF (Ticker: WTIB) that is now trading on the NYSE Arca exchange. We are also assessing the viability of our mobile fintech app in the U.K., which showed modest growth during the quarter. We are pleased to report that our Original Sprout subsidiary was profitable for the second consecutive quarter, which was something we did not see last year. Management is dedicated to continuing these steps toward profitable operations on a consolidated basis throughout this fiscal year.”

Nicholas Gerber, Chief Executive Officer, added, “Our focus remains on growing in the financial services sector, which we know well and believe provides scalable, recurring revenue and strong long-term growth, driven by data, technology and customer trust. Concentrating our resources in financial services allows us to leverage our core capabilities, while adding value and maximizing long-term returns for our shareholders.”

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 16 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, positioning the Company for a return to operating 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 Inc.

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.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

(unaudited)

		December 31, 2025				June 30, 2025
ASSETS
CURRENT ASSETS
Cash and cash equivalents		$	4,122			$	5,005
Accounts receivable, net (of which $1,577 and $1,281, respectively, due from related parties)			2,276				2,361
Inventories			1,798				2,001
Prepaid income tax and tax receivable			1,144				783
Investments, at fair value			7,465				7,829
Other current assets			611				1,067
Total current assets			17,416				19,046
Restricted cash			12				63
Property and equipment, net			440				1,038
Operating lease right-of-use assets			1,003				984
Goodwill			2,270				2,481
Intangible assets, net			903				1,029
Deferred tax assets, net			3,440				3,440
Other assets			2,315				2,339
Total assets		$	27,799			$	30,420
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable and accrued expenses		$	3,506			$	3,831
Lease liabilities, current portion			711				556
Advance from buyer			-				720
Purchase consideration payable, current portion			253				257
Notes payable, current portion			-				1,268
Total current liabilities			4,470				6,632
Lease liabilities, net of current portion			420				580
Deferred tax liabilities, net			221				221
Total long-term liabilities			641				801
Total liabilities			5,111				7,433
STOCKHOLDERS’ EQUITY
Preferred stock, par value $0.001; 50,000 shares authorized Series B: 13 shares issued and outstanding at both December 31, 2025 and June 30, 2025			-				-
Common stock, $0.001 par value; 900,000 shares authorized; 42,811 and 42,818 shares issued and outstanding at December 31, 2025 and June 30, 2025, respectively			42				42
Additional paid-in capital			15,276				15,167
Accumulated other comprehensive income (loss)			104				(420	)
Retained earnings			7,266				8,198
Total stockholders’ equity			22,688				22,987
Total liabilities and stockholders’ equity		$	27,799			$	30,420

THE MARYGOLD COMPANIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)

		Three Months Ended December 31,								Six Months Ended December 31,
		2025				2024				2025				2024
Revenue
Fund management - related party		$	4,565			$	4,685			$	8,894			$	9,276
Food products			1,651				1,688				3,407				3,510
Beauty products			1,159				832				1,830				1,430
Security systems			-				585				-				1,274
Financial services			268				214				476				423
Revenue			7,643				8,004				14,607				15,913
Cost of revenue			1,987				2,076				3,586				4,203
Gross profit			5,656				5,928				11,021				11,710
Operating expense
Salaries and compensation			2,622				2,947				5,091				6,094
General and administrative expense			1,700				2,361				3,755				4,926
Fund operations			1,450				1,566				2,976				2,978
Marketing and advertising			459				738				944				1,407
Depreciation and amortization			56				142				150				301
Total operating expenses			6,287				7,754				12,916				15,706
Loss from operations			(631	)			(1,826	)			(1,895	)			(3,996	)
Other income (expense):
Interest and dividend income			127				1,064				212				1,215
Interest expense			(1	)			(362	)			(70	)			(393	)
Gain on sale of Brigadier			-				-				521				-
Other (expense) income, net			(59	)			(1,105	)			159				(1,124	)
Total other income (expense), net			67				(403	)			822				(302	)
Loss before income taxes			(564	)			(2,229	)			(1,073	)			(4,298	)
Provision for (benefit from) income taxes			(12	)			482				141				966
Net loss		$	(576	)		$	(1,747	)		$	(932	)		$	(3,332	)
Weighted average shares of common stock
Basic and diluted			42,863				40,863				42,951				40,855
Net loss per common share
Basic and diluted		$	(0.01	)		$	(0.04	)		$	(0.02	)		$	(0.08	)

FAQ

How did Marygold Companies (MGLD) perform in its fiscal Q2 2026?

Marygold reported fiscal Q2 2026 revenue of $7.6 million, slightly below $8.0 million a year earlier. Net loss narrowed to $0.6 million, or $0.01 per share, compared with a $1.7 million loss, or $0.04 per share, reflecting lower expenses and no interest-bearing debt.

What drove the improvement in Marygold Companies’ net loss year over year?

The net loss improved mainly due to significant reductions in fintech development and marketing expenses and the elimination of interest-bearing debt service. For the six months, results also benefited from a $0.5 million gain on the sale of Brigadier Security Systems completed in July 2025.

How did Marygold Companies’ six-month fiscal 2026 results compare to the prior year?

For the six months ended December 31, 2025, revenue was $14.6 million versus $15.9 million a year earlier. The net loss narrowed to $0.9 million, or $0.02 per share, from $3.3 million, or $0.08 per share, reflecting cost cuts and the Brigadier sale gain.

What is the financial condition of Marygold Companies’ balance sheet?

At December 31, 2025, Marygold reported $4.1 million in cash and cash equivalents, total assets of $27.8 million and stockholders’ equity of $22.7 million. The company also reported no debt, indicating a debt-free capital structure at that date.

What strategic actions did Marygold Companies highlight in this period?

Management emphasized curtailing development costs for its proprietary mobile fintech app and closely controlling operating expenses. They also highlighted launching a new ETF, ticker WTIB, on NYSE Arca and achieving a second consecutive profitable quarter at the Original Sprout beauty products subsidiary.

How did the sale of Brigadier affect Marygold Companies’ results?

Brigadier Security Systems contributed $0.6 million of revenue to the prior-year quarter and $1.3 million to the prior-year six months. Its July 2025 sale for $2.5 million generated a $0.5 million gain, which supported the six-month net loss improvement despite lower reported revenue.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 81.5 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.9 KB