The Marygold Companies, Inc. (NYSE American: MGLD) reported its financial results for the first fiscal quarter ended September 30, 2026, alongside the announcement of a definitive merger agreement. The company’s revenue for the three-month period rose to $9.4 million, excluding $1.5 million in revenue from its New Zealand subsidiaries, which have been classified as discontinued operations. This figure compares to $5.2 million for the same period in the prior year.
Net income for the fiscal 2027 first quarter amounted to $1.8 million, or $0.04 per share. This represents a significant improvement over the prior year's net loss of $0.4 million, or $0.01 per share. The company’s balance sheet also showed strength, with cash and cash equivalents totaling $4.5 million, total assets of $25.4 million, and total stockholders’ equity of $20.9 million at the close of the quarter.
The company’s largest operating unit, USCF Investments, drove the financial growth. Revenue at USCF nearly doubled to $8.4 million from $4.3 million a year ago, attributed to an increase in average assets under management, which also nearly doubled to $5.5 billion from $2.9 billion. Chief Operations Officer David Neibert noted that this growth was driven by energy-related ETF activity due to the Iran war.
In a separate development, the company announced it had entered into a merger agreement under which funds managed by Madison Dearborn Partners will acquire all outstanding shares of The Marygold Companies. The offer price is $2.00 per share, representing a 100% premium over the company’s closing share price on September 24, 2026. The transaction is expected to close during the first half of 2027, subject to customary closing conditions.
