Marygold Companies reports second-quarter fiscal 2025 results, highlighting financial performance for the period ended December 31, 2025
The Marygold Companies, Inc. (NYSE American: MGLD), a global holding company focused primarily on financial services, reported its financial results for the second fiscal quarter ended December 31, 2025, highlighting improved operating performance despite a modest decline in revenue.
Quarterly Financial Performance
For the three months ended December 31, 2025, the company generated revenue of $7.6 million, compared with $8.0 million in the same period a year earlier. The prior-year figure included $0.6 million from Brigadier Security Systems (2000) Ltd., a wholly owned subsidiary that Marygold sold in July 2025 for $2.5 million.
Despite the lower revenue, the company significantly reduced its net loss. Marygold reported a net loss of $0.6 million for the quarter, compared with a net loss of $1.7 million in the second quarter of the previous fiscal year. This represents an improvement of $1.1 million, or a loss of $0.01 per share versus $0.04 per share a year earlier. The improvement was primarily attributed to substantial reductions in fintech development and marketing expenses, along with the elimination of interest-bearing debt service.
First-Half Fiscal 2026 Results
For the six months ended December 31, 2025, total revenue was $14.6 million, compared with $15.9 million in the same period of the prior fiscal year. The earlier period included $1.3 million in revenue from the Brigadier business, which was divested during the current fiscal year.
Marygold reported a net loss of $0.9 million for the first half of fiscal 2026, a notable improvement from the $3.3 million net loss recorded in the prior-year period. On a per-share basis, the company reported a net loss of $0.02, compared with a net loss of $0.08 a year earlier. In addition to lower operating expenses, the company benefited from a $0.5 million gain on the sale of Brigadier.
Balance Sheet Strength
At the close of the second quarter, Marygold maintained a strong balance sheet. The company reported cash and cash equivalents of $4.1 million, total assets of $27.8 million, and total stockholders’ equity of $22.7 million. Notably, the company carried no debt at the end of the period.
Management Commentary
Chief Operations Officer David Neibert said the company’s second-quarter results reflected decisive steps taken by management to reduce operating losses. He noted that the company curtailed further development costs for its proprietary mobile fintech app and implemented tighter expense controls across the organization.
Neibert also highlighted the launch of a new exchange-traded fund, trading under the ticker WTIB on the NYSE Arca exchange, during the quarter. Additionally, the company is evaluating the viability of its mobile fintech app in the U.K., which experienced modest growth in the quarter. He added that Marygold’s Original Sprout subsidiary achieved profitability for the second consecutive quarter, marking an improvement over the prior year.
Chief Executive Officer Nicholas Gerber emphasized that the company’s strategic focus remains on expanding its financial services operations. He said the sector offers scalable, recurring revenue opportunities and long-term growth potential driven by data, technology, and customer trust. By concentrating resources on financial services, the company aims to leverage its core capabilities, enhance shareholder value, and support sustainable growth.
Business Units Overview
Marygold operates a diversified portfolio of subsidiaries across financial services, consumer products, and manufacturing.
USCF Investments, acquired in 2016 and headquartered in Walnut Creek, California, manages, operates, or advises 16 exchange-traded products structured as limited partnerships or investment trusts. These products trade on the NYSE Arca exchange.
Gourmet Foods, based in New Zealand and acquired in 2015, operates a commercial-scale bakery producing meat pies and pastries under the Pat’s Pantry and Ponsonby Pies brands. In 2020, Gourmet Foods acquired Printstock Products Limited, a Napier-based printer specializing in food packaging and wrappers.
Original Sprout, headquartered in San Clemente, California, was acquired in 2017. The company produces a range of hair and skin care products distributed throughout the United States and internationally.
In the United Kingdom, Marygold & Co. (UK) Limited was established in 2021. It operates through two investment advisory businesses: Marygold & Co Limited (formerly Tiger Financial and Asset Management), acquired in 2022, and Step-by-Step Financial Planners, acquired in 2024. Together, these units provide wealth management services across a wide range of financial products. They also offer a mobile fintech app designed to deliver high-interest deposits and intuitive money management tools for individuals and businesses.
Company Background
Founded in 1996, The Marygold Companies repositioned itself as a global holding company in 2015. Today, it operates across financial services, food manufacturing, printing, and beauty products through subsidiaries including USCF Investments, Marygold & Co., Step-By-Step Financial Planners, Gourmet Foods, Printstock Products, and Original Sprout. The company continues to pursue growth opportunities, with a particular emphasis on expanding its financial services platform and achieving consolidated profitability.
