Marygold Companies, Inc. (MGLD)·Q4 2025 Earnings Summary

Executive Summary

• Q4 FY2025 revenue was $7.2M vs $8.3M in Q4 FY2024, with net loss improving to $1.5M (−$0.04 EPS) from $1.9M (−$0.05 EPS) a year ago; sequentially, revenue modestly rose from $7.0M in Q3, but net loss widened from $1.0M (−$0.02 EPS) due to continued fintech funding and market-driven AUM headwinds at USCF .
• Management emphasized cost-cutting and pivot from U.S. fintech marketing (halted in March), focusing on profitability, monetizing the app code, and UK rollout; they also sold Brigadier post-Q4, expecting a significant gain in FY2026 and used proceeds to eliminate all remaining debt subsequently in Q1 FY2026 .
• No formal quantitative guidance ranges were issued; commentary pointed to improving trajectory in certain subsidiaries (Original Sprout, NZ printing), and profitability at USCF despite tariff-driven energy sector volatility .
• No Q4 FY2025 earnings call transcript is available; Wall Street EPS and revenue consensus for Q4 FY2025 via S&P Global was not available. This limits beat/miss analysis vs estimates .

What Went Well and What Went Wrong

What Went Well

• Cost discipline and strategic refocus: “We have concentrated on reducing expenses and refocusing the Company on our core financial services business... We already experienced positive momentum as the fourth quarter drew to a close.” — David Neibert, COO .
• Subsidiary momentum: Original Sprout revenue up 41% QoQ in Q4; NZ printing revenues up 13% in Q4 vs Q3; USCF operating profit maintained despite volatility .
• Portfolio optimization: Agreement and subsequent closing to sell Brigadier for ~$2.2–$2.3M, expecting a significant gain in FY2026, and later used proceeds to retire all remaining debt (executed in Q1 FY2026) .

What Went Wrong

• Top-line softness and fintech drag: Q4 revenue declined year-over-year ($7.2M vs $8.3M), and consolidated losses persisted driven by fintech funding and prior U.S. app marketing costs .
• Market-driven AUM pressure: USCF average AUM remained below prior-year levels across FY2025 (e.g., Q3 average AUM $2.6B vs $3.0B PY), pressuring fee revenues tied to commodities pricing/tariff uncertainty .
• Limited external benchmarks: No S&P Global consensus available for Q4, and no earnings call transcript for Q4 to triangulate investor concerns or quantify guidance, constraining visibility .

Financial Results

Headline Comparisons (oldest → newest)

Notes: Q4 FY2025 revenue rose modestly vs Q3 ($7.2M vs $7.0M) while loss widened; YoY revenue declined and loss improved .

Margins (where disclosed)

Disclosure: Q4 FY2025 and Q4 FY2024 margin details were not provided in the press materials .

Segment Mix (FY2025 full-year)

KPIs and Operating Indicators (subsidiary context)

Guidance Changes

No numeric ranges (revenue, margins, tax rate, OpEx) were issued; disclosures were directional and strategic .

Earnings Call Themes & Trends

No Q4 FY2025 earnings call transcript available for analysis .

Management Commentary

• “We made the difficult decision to stop funding Marygold & Co.’s fintech app in the U.S... the effort was costing the Company more than $0.5 million per month... Since that time, we have concentrated on reducing expenses and refocusing the Company on our core financial services business.” — David Neibert, COO .
• “We expect to record a significant gain in fiscal 2026 from our initial investment [Brigadier].” — David Neibert, COO .
• “Our Company’s fiscal 2025 financial performance was not a surprise... we took decisive action to halt [U.S. app]. Importantly, we are pleased that the concept has been proven... hope to monetize our work through other channels... Marygold & Co. (U.K.) has launched a variation of the app in the U.K., where we are optimistic...” — Nicholas Gerber, CEO .
• Subsequent context: “Proceeds from the sale of Brigadier were applied to retire all of the Company’s remaining debt.” — David Neibert, COO (Q1 FY2026) .

Q&A Highlights

No Q4 FY2025 earnings call transcript was available; therefore, no Q&A themes, clarifications, or tone changes can be assessed .

Estimates Context

• S&P Global consensus for Q4 FY2025 EPS and revenue was not available; as a result, we cannot quantify beat/miss vs Street for this quarter. Values retrieved from S&P Global.*
• Given directional improvements in certain subsidiaries and strategic expense reduction, Street revisions may hinge on trajectory of UK fintech profitability, USCF AUM recovery, and sustained cost containment, but cannot be quantified without consensus baselines .

Key Takeaways for Investors

• Focused pivot to financial services with cost containment and halted U.S. fintech spend should reduce cash burn; subsequent full debt retirement enhances balance sheet resilience .
• Subsidiary momentum is visible: Original Sprout +41% QoQ and NZ printing +13% QoQ in Q4, providing proof points of operational improvement outside fintech .
• USCF remains profitable despite tariff-driven energy volatility; watch AUM trajectory (Q2: $3.1B → Q3: $2.6B → Q1 FY2026: ~$2.9B) as a driver of management fees .
• Expect FY2026 to include a significant gain from Brigadier’s disposal; one-time benefit already complemented by post-Q4 deleveraging .
• Absence of numeric guidance and Street consensus limits near-term forecasting; monitor future disclosures for UK fintech app commercialization metrics and cost run-rate.
• Trading implications: narrative catalysts include deleveraging, cost reduction, and improving non-fintech subsidiaries; risk factors remain commodities volatility impacting USCF fees and execution in UK fintech .
• Medium-term thesis: a leaner, financial-services-focused holding company with optionality on UK fintech monetization could compress losses while preserving upside via improved AUM and subsidiary growth .

Citations included inline per table cell and statements.