Marygold Companies, Inc. reported a decrease in revenue and net loss for the second quarter of fiscal 2025, as outlined in its latest 10-Q filing. For the three months ended December 31, 2025, the company generated revenue of $7.6 million, a decline of 5% from $8.0 million in the same period last year. The decrease was primarily attributed to a $0.6 million drop in revenue from the security systems segment following the sale of Brigadier Security Systems, as well as a $0.1 million reduction in the U.S. fund management segment. However, the beauty products segment saw a revenue increase of 39%, contributing $1.2 million.
In terms of profitability, Marygold reported a net loss of $576,000 for the quarter, a significant improvement compared to a net loss of $1.7 million in the prior year, marking a 67% reduction. The company’s operating expenses also decreased by 19% to $6.3 million, down from $7.8 million, largely due to cost reductions associated with the Marygold & Co. subsidiary and the cessation of operations at Brigadier. The loss from operations improved to $631,000, compared to a loss of $1.8 million in the previous year.
Marygold's strategic developments included the sale of Brigadier Security Systems to a related party, which was finalized on July 1, 2025, for $2.2 million. This transaction allowed the company to record a gain of $521,000. Additionally, the company has paused the development of its U.S. Fintech app, which has impacted its financial services segment. The average assets under management (AUM) for the fund management segment decreased to $3.0 billion from $3.1 billion year-over-year, reflecting market conditions and geopolitical uncertainties.
Operationally, Marygold's employee headcount remained stable, and the company reported a working capital position of $12.9 million as of December 31, 2025. The company continues to invest in its U.K. financial services operations, with plans to develop a scaled-down version of its Fintech app for the U.K. market. Looking ahead, Marygold anticipates that its cash and cash equivalents, along with cash generated from ongoing operations, will be sufficient to meet its liquidity needs over the next 12 months. However, the company may seek additional financing to support further investments in its Fintech initiatives.
About Marygold Companies, Inc.
The Marygold Companies, Inc. is a diversified holding company focused on financial services, including ETF management through USCF Investments, and developing fintech applications in the U.S. and U.K. markets. Its core activities involve fund management, asset advisory, and innovative digital banking solutions. The company operates globally with subsidiaries in North America and Europe, emphasizing technology-driven financial products and strategic acquisitions.
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