The Marygold Companies Reports 30.2% Revenue Increase and Achieves Profitability for Third Fiscal Quarter

Published: 2026-05-11 08:31:39 ET MGLD

Published on 05/11/2026 at 08:31 am EDT

--Positive Performance Reflects Significant Growth in USCF Fund Management Coupled With a Curtailment of Fintech Expenses--

SAN CLEMENTE, CA - May 11, 2026 (NEWMEDIAWIRE) - The Marygold Companies, Inc. (the Company) (NYSE American: MGLD), a diversified global holding firm with a focus on financial services, today reported improved financial results for the three and nine months ended March 31, 2026.

Revenue for the 2026 third fiscal quarter rose 30.2% to $7.2 million, from $5.5 million last year, which included $0.6 million from the Companys Canadian subsidiary that was sold in July 2025. Net income increased to $222,000, equal to $0.01 per share, from a loss of $1.0 million, or a loss of $0.2 per share, a year ago.

For the nine months ended March 31, 2026, revenue advanced to $18.4 million from $17.9 million in the comparable prior year period, which included $1.8 million from the Companys previously owned Canadian subsidiary. The Companys net loss for the 2026 year-to-date period was reduced to $0.7 million, or a loss of $0.02 per share, from a net loss of $4.3 million, equal to a loss of $0.11 per share, a year ago. The current year to date period includes a $0.5 million gain on the sale of the Companys Canadian subsidiary.

The Companys balance sheet remains strong. At March 31, 2026, cash and cash equivalents amounted to $3.0 million, and investments totaled $7.9 million. Total assets at March 31, 2026, were $28.1 million, and total stockholders equity at the quarters end was $22.9 million.

In keeping with our transformation strategy to refocus The Marygold Companies resources on ETF fund management and financial services, we have initiated a formal process to sell our New Zealand businesses, comprised of Gourmet Foods and Printstock Products, said David Neibert, Chief Operations Officer. These businesses have now been classified as discontinued operations, and it is our goal to effect a sale within the next 12 months. This initiative follows the disposition in July 2025 of our wholly owned Canadian subsidiary, Brigadier Security Systems Ltd., for $2.3 million.

Our largest operating unit, USCF Investments, performed well during the quarter, with revenues increasing 55% to $6.3 million from $4.1 million a year ago. The growth was primarily attributable to an 81% increase in assets under management (AUM), which averaged $4.7 billion for the 2026 third fiscal quarter, compared with $2.6 billion last year. The AUM increase largely reflected the geopolitical situation in the Middle East and Eastern Europe, with oil and other commodity price increases. We also significantly decreased costs in the fintech sector, including reducing labor and other expenses that previously prevented us from achieving profitable operations on a consolidated basis.

Nicholas Gerber, Chief Executive Officer, added, We are making deliberate, sometimes difficult, choices to reshape the Company around a clear, focused vision. By divesting businesses that do not align with our core financial services sector, we aim to concentrate our resources to position the Company to deliver strong long-term returns for our shareholders. During this process, we continue to support our non-core subsidiaries, which are expected to continue with normal operations until such time as a transaction is consummated.

Business Units

The Companys 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 Pats 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 successfully divesting non-core businesses, 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 Companys Annual Report on Form 10-K filed with the Securities and Exchange Commission and in the Companys 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

[email protected]

Contact the Company:

David Neibert, Chief Operations Officer

949-429-5370

[email protected]

THE MARYGOLD COMPANIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

(unaudited)

March 31, 2026

June 30, 2025

ASSETS

CURRENT ASSETS

Cash and cash equivalents

2,975

5,004

Accounts receivable, net (of which $2,719 and $1,281, respectively, due from related parties)

2,888

1,778

Inventories

1,055

928

Prepaid income tax and tax receivable

1,018

833

Investments, at fair value

7,931

7,829

Other current assets

617

1,046

Total current assets

16,484

17,418

Restricted cash

Property and equipment, net

609

Operating lease right-of-use assets

551

599

Goodwill

1,984

2,206

Intangible assets, net

717

937

Deferred tax assets, net

3,440

Assets held for sale

2,538

2,821

Other assets

2,314

2,339

Total assets

28,051

30,420

LIABILITIES AND STOCKHOLDERS EQUITY

CURRENT LIABILITIES

Accounts payable and accrued expenses

3,280

3,224

Lease liabilities, current portion

393

307

Advance from buyer

720

Purchase consideration payable, current portion

247

257

Note payable

1,268

Total current liabilities

3,920

5,776

Lease liabilities, net of current portion

199

341

Deferred tax liabilities, net

221

Liabilities associated with assets held for sale

855

1,095

Total long-term liabilities

1,275

1,657

Total liabilities

5,195

7,433

STOCKHOLDERS EQUITY

Preferred stock, par value $0.001; 50,000 shares authorized Series B: 13 shares issued and outstanding at both March 31, 2026 and June 30, 2025

Common stock, $0.001 par value; 900,000 shares authorized; 42,811 and 42,818 shares issued and outstanding at March 31, 2026 and June 30, 2025, respectively

Additional paid-in capital

15,342

15,167

Accumulated other comprehensive loss

(16)

(420)

Retained earnings

7,488

8,198

Total stockholders equity

22,856

22,987

Total liabilities and stockholders equity

28,051

30,420

THE MARYGOLD COMPANIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)

2026

2025

2026

2025

Three Months Ended March 31,

Nine Months Ended March 31,

2026

2025

2026

2025

Revenue

Fund management - related party

6,327

4,093

15,220

13,369

Beauty products

707

641

2,537

2,071

Security systems

568

1,842

Financial services

155

220

631

644

Revenue

7,189

5,522

18,388

17,926

Cost of revenue

398

648

1,400

2,161

Gross profit

6,791

4,874

16,988

15,765

Operating expense

Salaries and compensation

2,346

2,483

7,149

8,262

General and administrative expense

1,497

2,020

4,896

6,588

Fund operations

2,296

1,140

5,272

4,118

Marketing and advertising

694

688

1,618

2,077

Depreciation and amortization

115

212

338

Total operating expenses

6,927

6,446

19,147

21,383

Loss from continuing operations

(136)

(1,572)

(2,159)

(5,618)

Other income (expense):

Interest and dividend income

286

1,280

Interest expense

(323)

(67)

(715)

Gain on sale of Brigadier

521

Other income (expense), net

287

426

434

(700)

Total other income (expense), net

362

178

1,174

(135)

Income (loss) from continuing operations before income taxes

226

(1,394)

(985)

(5,753)

Benefit from income taxes

307

184

1,273

Net income (loss) from continuing operations

269

(1,087)

(801)

(4,480)

Net (loss) income from discontinued operations

(47)

136

Net income (loss)

222

(1,012)

(710)

(4,344)

Weighted average shares of common stock

Basic

42,960

40,816

42,954

40,843

Diluted

43,075

40,816

42,954

40,843

Net income (loss) per common share

Basic

0.01

(0.02)

$ (0.02)

(0.11)

Diluted

0.01

(0.02)

$ (0.02)

(0.11)