Marygold Companies, Inc.

The Marygold Companies, Inc.

Overview

The Marygold Companies, Inc. (Nevada) is a holding company that operates multiple wholly owned subsidiaries on a multinational scale. Its primary focus is financial services and ETF management, with additional activities in beauty products and financial services in the U.K. and U.S. The company previously planned a food-products segment (classified as discontinued operations) and divested a security-systems segment in 2025.

Core business model

• Holding company with decentralized operating subsidiaries.
• Primary emphasis on financial services and ETF management.
• Active business units include:
  • USCF Investments (ETF fund management)
  • Original Sprout (beauty products)
  • Marygold U.S. and Marygold U.K. financial services
• Food Products segment classified as discontinued operations and expected to be exited.
• Brigadier Security Systems was sold in 2025 and is no longer part of ongoing operations.
• The company intends to continue developing ETF fund management, advisory capabilities, and related financial services.

ETF fund management (USCF Investments)

• Parent: USCF Investments, Inc. (Delaware) with two operating subsidiaries:
  • United States Commodity Funds, LLC (USCF LLC)
  • USCF Advisers, LLC (USCF Advisers)
• Activities: management and advisory services for exchange-traded funds (ETFs) and ETF-related products.
• Fund structure:
  • USCF LLC is the general partner/sponsor of six Delaware limited partnership funds: USO, UNG, UGA, USL, UNL, BNO.
  • USCI and CPER are issued by the USCIF Trust (a trust with series), sponsored by USCF LLC.
  • USCF Advisers provides investment advisory services to multiple series of the ETF Trust, including SDCI, UMI, USG (formerly GLDX), UDI, ZSB, USE, ZSC, WTIB.
  • CPXR (Daily Target 2X Copper Index ETF) is sub-advised.
• Scale and resources:
  • 17 ETFs managed in total.
  • Combined assets under management (AUM) of about $5.1 billion as of June 30, 2026.
  • USCF Investments’ operating subsidiaries employ 15 full-time staff, primarily in Walnut Creek, CA.
• Revenue concentration:
  • For fiscal year ended June 30, 2026, USCF Investments accounted for 83% of consolidated revenues.
  • For fiscal year ended June 30, 2025, USCF Investments accounted for 73% of consolidated revenues.
  • Revenue is concentrated in a few large funds, including the United States Oil Fund, LP and United States Natural Gas Fund, LP.
• Intellectual property:
  • USCF LLC holds registered marks for “USCF LLC” and “USCF Advisers.”
  • Two related patents exist for ETF tracking systems (Nos. 7,739,186 and 8,019,675).

Beauty products (Original Sprout)

• Kahnalytics, Inc. (d/b/a Original Sprout) is a California-based cosmetics company.
• Product focus: 100% vegan, lab-tested, non-toxic hair and skin care products.
• Distribution: salons, resorts, health stores, and online with global distribution channels.
• Location and operations: San Clemente, California; operates from a warehouse and sales offices in California.
• Employees: 7 full-time employees in California (as of June 30, 2026).
• Sourcing and production: relies on two formulating/packaging partners; targets at least 90 days of inventory; alternative suppliers are available if partners change.

U.S. and U.K. financial services

• Marygold U.S.
  • Entities: Marygold & Co. (Delaware) and Marygold & Co. Advisory Services, LLC (Marygold Advisors).
  • Marygold Advisors withdrew from registration in 2025 and was dissolved in 2026.
  • Fintech app launched in 2023; U.S. app operations paused March 31, 2025 and app removed from app stores.
  • Intellectual property: registered flower design marks; proprietary code protected as trade secrets.
  • Employees: 0 full-time employees (as of June 30, 2026).
• Marygold U.K.
  • Acquired UK entities from 2022–2024, including Tiger Financial (renamed Marygold & Co. Limited) and Step-By-Step Financial Planners Limited.
  • FCA-regulated; focuses on asset management and financial advisory services in the U.K.
  • Fintech initiative paused in 2026.
  • Offices in London and Staffordshire.
  • Employees: 9 (as of June 30, 2026).
  • Combined AUM: approximately $63.1 million as of June 30, 2026.
  • Revenue: advisory fees based on AUM plus referral commissions from insurance and other financial products.
  • Trademark activity related to the Fintech app was started and later paused as of June 30, 2026.

Food Products (Gourmet Foods, Ltd. and Printstock Products Limited)

• New Zealand-based entities with a main manufacturing facility and bakery/printing operations in Napier, NZ.
• On March 31, 2026 the company committed to a plan to dispose of the Food Products segment, presented as discontinued operations.
• Disposition expected to exit New Zealand and the Food Products segment.

Security Systems (Brigadier)

• Brigadier Security Systems (2000) Ltd., Canada (Regina & Saskatoon) was sold on July 1, 2025 to SKCAL LLC for a final price of $2.3 million.
• This segment is no longer part of ongoing operations.

Geographic footprint and headcount

• Worldwide employees: 81 (as of June 30, 2026) across New Zealand, the United Kingdom, the United States, and other locations.
• U.S. offices: Walnut Creek, California (USCF Investments HQ); Original Sprout facility in San Clemente, CA.
• U.K. offices: London and Staffordshire, England (Marygold UK entities).
• New Zealand operations: Gourmet Foods and Printstock in Napier (Food Products classified as discontinued operations).

Financial snapshot

• Net income (loss):
  • Fiscal 2026: net loss of approximately $4.4 million.
  • Fiscal 2025: net loss of approximately $5.8 million.
• Working capital:
  • $12.3 million as of June 30, 2026.
  • $11.6 million as of June 30, 2025.
• Assets under management:
  • USCF-related ETFs: about $5.1 billion as of June 30, 2026.
  • Marygold UK: about $63.1 million as of June 30, 2026.
• Revenue concentration:
  • 83% of consolidated revenues for the year ended June 30, 2026 were from USCF Investments.
  • 73% of consolidated revenues for the year ended June 30, 2025 were from USCF Investments.
• Stock and corporate control:
  • Listed on NYSE American.
  • Designated a controlled company due to more than 50% voting control by two individuals/families (the Gerber and Schoenberger families).
  • Gerber and Schoenberger voting agreement controls 54.6% of voting power.
  • Nicholas D. Gerber holds about 43.6% of common stock (via a family trust) and Scott Schoenberger holds about 10.9% (via the Schoenberger Family Trust).
• Impairments:
  • Fiscal 2026 recorded a goodwill impairment of $2.7 million related to UK financial services assets, primarily tied to the departure of a former executive and higher costs.
  • Total goodwill and indefinite/finite-lived intangible assets were valued at $0 (excluding assets held for sale) as of June 30, 2026.
• Technology and risk:
  • Fintech app investments in the U.S. and U.K. have been paused or disposed of; future engagement depends on financing or licensing opportunities.

Intellectual property

• USCF LLC holds registered trademarks for USCF LLC and USCF Advisers and has two patents covering ETF tracking systems (Nos. 7,739,186 and 8,019,675).
• Marygold entities hold registered flower design marks and proprietary code protected as trade secrets.
• Original Sprout and other subsidiaries maintain standard brand and product-related IP protections.

Current status and priorities (as of June 30, 2026)

• Food Products: classified as discontinued operations and subject to planned disposition.
• Brigadier: sold and no longer part of operations.
• Marygold U.S. Fintech app: paused indefinitely.
• Marygold U.K. Fintech app: paused with funds refunded to clients as of June 30, 2026.
• Focus remains on expanding ETF management and related financial services in the U.S. and U.K., while maintaining a decentralized management approach.

Public filings and contact

• The company files Form 10-K and related disclosures with the SEC.
• Website: www.themarygoldcompanies.com (SEC filings also available via sec.gov).