The return to profitability and strong AUM growth at USCF are positive catalysts. Monitor the divestiture process of NZ businesses for potential cash inflow and further operational focus. The stock may re-rate if the company sustains profitability.
Price Chart
Executive Summary
Marygold Companies reported Q3 FY2026 revenue of $7.2M (+30.2% YoY) and net income of $222k ($0.01/share), reversing a $1.0M loss a year ago, driven by 55% growth in USCF fund management revenue on an 81% AUM increase to $4.7B. The company also initiated a formal process to sell its New Zealand businesses (Gourmet Foods and Printstock) to focus on financial services.
Key Financial Metrics
Key Facts
- Q3 FY2026 revenue $7.2M, up 30.2% YoY from $5.5M
- Net income $222k ($0.01/share) vs net loss $1.0M ($0.02/share loss) in prior year
- USCF fund management revenue up 55% to $6.3M, AUM up 81% to $4.7B
- Initiated formal sale of New Zealand businesses (Gourmet Foods and Printstock), classified as discontinued operations
- Zero debt; cash and investments total $10.9M
- Year-to-date net loss narrowed to $0.7M from $4.3M
Financial Impact
Revenue increased $1.7M YoY, net income swing of +$1.2M; profitability achieved on a quarterly basis for the first time in recent history.
Risk Factors
- Divestiture execution risk and potential disruption from selling NZ businesses
- Oil and commodity price fluctuations could reverse AUM growth
- Small market cap ($48M) amplifies volatility
- Year-to-date still loss-making on a consolidated basis
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-022420 |
| Document: form8-k.htm | 0001493152-26-022420 |
| Document: 0001493152-26-022420-index-headers.html | 0001493152-26-022420 |
| Document: 0001493152-26-022420-index.html | 0001493152-26-022420 |
| Document: 0001493152-26-022420.txt | 0001493152-26-022420 |
| 8-K Data (Synthetic) | 0001493152-26-022420 |
US Market Status
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