The Marygold Companies, Inc. (NYSE American: MGLD) announced its financial results for the fiscal year and fourth quarter ended June 30, 2026, in a press release filed with the SEC on September 18, 2026. The diversified global holding firm reported that revenue for fiscal 2026 increased 8% to $25.3 million, up from $23.4 million in the prior fiscal year.
The company narrowed its net loss to $4.4 million, or a net loss of $0.10 per share, compared to a net loss of $5.8 million, or $0.14 per share, in fiscal 2025. For the fourth quarter alone, revenue rose 26% to $6.9 million, while the net loss widened to $3.7 million, or $0.09 per share, from $1.5 million, or $0.04 per share, in the same quarter of the previous year.
The company attributed the increased net loss in the most recent quarter to a $2.7 million write-off of intangible assets related to its UK financial services business and an impairment of an illiquid investment totaling $0.9 million. Additionally, the company noted that its total assets decreased to $24.0 million at the end of fiscal 2026, compared to $30.4 million the previous year, while cash and cash equivalents fell to $2.9 million from $5.0 million.
USCF Investments, the company’s largest operating unit, delivered strong growth with revenue increasing 23% and average assets under management (AUM) rising 41% to $4.1 billion, driven by higher energy-related commodity prices. The company also highlighted that its Original Sprout subsidiary achieved 13% revenue growth and returned to profitability following a sales strategy transformation.
CEO Nicholas Gerber stated that fiscal 2026 was a year of transformation, involving the sale of its Canadian security business, the designation of New Zealand subsidiaries as discontinued operations, and the pause of fintech operations in the U.S. and U.K. These actions resulted in substantial non-cash write-offs, though the company expects to reduce overhead and move toward profitability in the coming fiscal year.
