Marygold Companies Fiscal 2026: USCF Investments Thrives as Firm Restructures for Profitability

The Marygold Companies, Inc. (NYSE American: MGLD), a diversified global holding firm, reported fiscal year and fourth quarter results for the period ended June 30, 2026. Revenue for fiscal 2026 grew 8% to $25.3 million, up from $23.4 million in fiscal 2025, while the net loss narrowed to $4.4 million, or $0.10 per share, from $5.8 million, or $0.14 per share, a year earlier. For the fourth quarter, revenue jumped 26% to $6.9 million, though the net loss widened to $3.7 million due to $2.7 million in intangible asset write-offs tied to the UK financial services business and a $0.9 million impairment on an illiquid investment.

The standout performer was USCF Investments, the company’s largest operating unit, which saw revenue climb 23% on a 41% increase in average assets under management (AUM). Average AUM reached $4.1 billion for the year, up from $2.9 billion, driven by heightened energy-related commodity prices amid geopolitical uncertainty. “Our largest operating unit, USCF Investments, delivered strong growth in fiscal 2026,” said David Neibert, Chief Operations Officer. The unit, based in Walnut Creek, California, manages 17 exchange-traded products and can be found at https://www.uscfinvestments.com/.

Domestically, Original Sprout, a San Clemente-based hair and skin care brand, achieved 13% revenue growth and returned to profitability after a sales strategy overhaul. More information is available at www.originalsprout.com. However, higher shipping and raw material costs weighed on margins across consumer-facing subsidiaries.

CEO Nicholas Gerber characterized fiscal 2026 as “a year of purposeful transformation.” The company designated its New Zealand subsidiaries—Gourmet Foods (https://gourmetfoodsltd.co.nz/) and Printstock Products (https://www.printstock.co.nz)—as discontinued operations and put them up for sale. It also sold its Canadian security business, Brigadier Security Systems, and paused fintech operations in the U.S. and U.K. These moves resulted in substantial non-cash write-offs but are expected to reduce overhead and put the company on a path to profitability in the coming fiscal year.

Marygold’s UK financial services business, Marygold & Co. (UK) Limited (https://marygoldandco.uk/), which includes Tiger Financial and Asset Management (http://www.tfam.co.uk/) and Step-by-Step Financial Planners (https://www.sbsfp.co.uk/), faced challenges that led to the write-off. The company’s overall financial position remains stable with stockholders’ equity of $19.2 million and total assets of $24.0 million at fiscal year-end.

For Texas businesses and investors, Marygold’s emphasis on core fund management and its exit from underperforming units signals a strategic pivot that could yield a leaner, more focused operation. The strong performance of USCF Investments, which benefits from energy market volatility, underscores the importance of commodity-linked financial products in uncertain times. More details can be found at www.themarygoldcompanies.com, and the full release is available at www.newmediawire.com.