Marygold Companies Reports Improved Net Loss of $356,000 for Q3 2025

Marygold Companies, Inc. reported a net loss of $356,000 for the quarter ending September 30, 2025, a significant improvement compared to a net loss of $1.6 million during the same period in 2024. The company's total revenue decreased by 12% to $6.96 million, down from $7.91 million in the prior year. This decline was primarily attributed to a $0.7 million drop in revenue from the security systems segment, following the sale of Brigadier Security Systems to a related party on July 1, 2025. Additionally, the U.S. fund management segment experienced a revenue decrease of $0.3 million, driven by a reduction in average assets under management (AUM), which fell to $2.9 billion from $3.1 billion year-over-year.

In terms of operational efficiency, Marygold Companies managed to reduce its operating expenses by 17%, totaling $6.63 million compared to $7.95 million in the previous year. This reduction was largely due to decreased costs associated with the Marygold & Co subsidiary, which paused further development of its Fintech app in the U.S. The company also reported a 684% increase in other income, primarily due to a $0.5 million gain from the sale of Brigadier. The overall loss from operations improved by 42%, reflecting a strategic focus on cost management and operational adjustments.

Marygold Companies continues to invest in its financial services operations, particularly in the development of its U.K. Fintech app. The company has committed a total of $19.3 million to this project since its inception in 2019. However, the U.S. version of the app has been paused, and the company is currently evaluating its future direction in this area. The financial services segment, which includes Marygold US and Marygold UK, reported flat revenue of $0.2 million for the quarter, with increased costs associated with the U.K. app's development contributing to a higher operating loss.

As of September 30, 2025, Marygold Companies held $4.86 million in cash and cash equivalents, a slight decrease from $5.00 million at the end of the previous fiscal year. The company’s working capital position remains strong at $13.4 million. Looking ahead, Marygold Companies anticipates the need for additional financing to support its ongoing operations and potential investments in its Fintech initiatives. The company has entered into an Equity Distribution Agreement to raise up to $4.65 million, although it has not yet sold any shares under this agreement. The management remains optimistic about the company's ability to navigate market conditions and achieve its strategic objectives.