MGLD · The Marygold Companies, Inc.

The Marygold Companies delivered a strong Q3 turnaround to profitability, with revenue surging 30.2% to $7.2 million primarily from USCF Investments, where fund management revenue jumped 55% to $6.3 million. This growth stemmed from an 81% rise in average AUM to $4.7 billion, fueled by geopolitical tensions boosting oil and commodity prices. Gross profit expanded to $6.8 million as cost of revenue declined sharply, while operating expenses were contained through fintech sector cuts, including labor reductions that enabled consolidated profitability after prior losses. For the nine-month period, revenue edged up to $18.4 million despite the Canadian subsidiary sale, with net loss shrinking dramatically to $0.7 million from $4.3 million, aided by a $0.5 million gain on the July 2025 disposition of Brigadier Security Systems for $2.3 million. Balance sheet strength persisted with $3.0 million cash, $7.9 million investments, and $22.9 million equity. Management is executing a transformation by divesting non-core assets—following the Canadian sale, New Zealand units Gourmet Foods and Printstock are now held for sale as discontinued operations, targeting completion within 12 months to refocus on ETF management and financial services for long-term shareholder value.