The Marygold Companies reported fiscal 2026 revenue of $25.3 million, an 8% increase from $23.4 million in fiscal 2025, as growth at its USCF Investments business and improving performance at Original Sprout helped offset restructuring across other parts of the company.
The diversified holding company also narrowed its annual net loss to $4.4 million, or $0.10 per share, compared with a net loss of $5.8 million, or $0.14 per share, in the prior year.
USCF Investments was a major contributor to the stronger operating performance.
Revenue at the fund-management business increased 23% during fiscal 2026, supported by a 41% increase in average assets under management to $4.1 billion from $2.9 billion a year earlier.
The AUM growth provides Marygold with a larger recurring revenue base within the business it increasingly considers central to its long-term strategy.
Original Sprout also delivered improved results, with revenue rising 13% during the year.
The hair and skin care business returned to profitability following changes to its sales strategy, providing another source of positive operating momentum within Marygold’s portfolio.
Fourth-quarter revenue increased 26% to $6.9 million, extending the company’s top-line growth into the final quarter of the fiscal year.
The quarterly net loss widened to $3.7 million from $1.5 million, although a substantial portion of the loss reflected non-cash and unusual charges associated with the company’s broader restructuring.
The quarter included a $2.7 million intangible-asset write-off related to Marygold’s U.K. financial-services operations and a $900,000 impairment tied to an illiquid investment.
Those charges came as management continued simplifying the company’s portfolio and concentrating resources on businesses with stronger operating and financial prospects.
Marygold designated its New Zealand subsidiaries as discontinued operations and placed them up for sale.
The company also sold its Canadian security business and paused fintech operations in both the U.S. and U.K., moves intended to reduce overhead and sharpen the organization’s focus.
Management is increasingly directing resources toward its core fund-management operations, particularly USCF Investments, where higher assets under management can translate into greater scale and recurring fee revenue.
The restructuring reflects a broader effort to reduce complexity across the company while preserving capital for businesses demonstrating stronger growth.
Marygold ended fiscal 2026 with $2.9 million in cash and cash equivalents, $24 million in total assets and $19.2 million in stockholders’ equity.
The company’s improving annual loss profile, growing fourth-quarter revenue and substantial AUM gains at USCF give management several positive operating trends to build on as Marygold enters fiscal 2027 with a more concentrated portfolio.
KEY QUOTES:
“Our largest operating unit, USCF Investments, delivered strong growth in fiscal 2026, with revenue increasing 23%, fueled by a 41% rise in average assets under management. Average AUM increased to $4.1 billion for the year, up from $2.9 billion in the prior fiscal year.”
David Neibert, Chief Operations Officer of The Marygold Companies
“Fiscal 2026 was a year of purposeful transformation for the company. We made disciplined, strategic decisions to strengthen our foundation, concentrate resources on our core fund management businesses, and position the company for long-term success.”
Nicholas Gerber, CEO of The Marygold Companies
