Revenue has trended downward from $8.5M in 2024Q2 to $7.2M in 2026Q3, while high gross margins of 94.5% remain insufficient to offset heavy operating expenses.
The Marygold Companies, Inc. (MGLD) annual income statement — 26-year revenue, gross profit & net income history
| Metric | TTM | Jun'26 | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'03 | Jun'02 | Jun'00 |
|---|
| Net Interest Income | 280K | 298K | 227K | 740K | 255K | 3.85K | -11.55K | 55.09K | 337.3K | 10.84K | -18.41K | -6.97K | -77.61K | 0 | -13.83K | -37.54K | -63.56K | -11.58K | -11.47K | -11.69K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| NII Growth % | 71.01% | 31.28% | -69.32% | 190.2% | 6531.99% | 133.28% | -120.97% | -83.67% | 3011.65% | 158.9% | -163.95% | 91.02% | - | 100% | 63.16% | 40.94% | -448.82% | -0.92% | 1.82% | - | - | - | - | - | - | - | - |
| Net Interest Margin % | 1.1% | 1.24% | 0.75% | 2.25% | 0.72% | 0.01% | -0.04% | 0.23% | 1.59% | 0.05% | -0.09% | -0.05% | -3.32% | 0% | -3.59% | -8.45% | -24.76% | -97.41% | -41.5% | -29.14% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Interest Income | 281K | 365K | 1.4M | 756K | 275K | 35.36K | 28.82K | 96.19K | 366.8K | 111.93K | 3.18K | 1.71K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1K | 67K | 1.17M | 16K | 20K | 31.51K | 40.38K | 41.1K | 29.49K | 101.09K | 21.58K | 8.69K | 77.61K | 19.62K | 13.83K | 37.54K | 63.56K | 11.58K | 11.47K | 11.69K | 0 | 0 | 993.52K | 0 | 0 | 0 | 0 |
| Loan Loss Provision | 5.84M | 10.19M | 7.11M | 8.7M | 8.73M | 9.16M | 9.25M | 6.44M | 6.91M | 5.81M | 4.83M | 2.74M | 110.71K | 1.3M | 1.22M | 1.34M | 522.57K | 43.21K | 41.28K | 26.76K | 0 | 0 | -993.52K | 0 | 0 | 0 | 0 |
| Non-Interest Income | 30.83M | 24.95M | 28.75M | 32.08M | 34.6M | 37.79M | 39.88M | 26.65M | 26.58M | 28.6M | 32.01M | 27.78M | 223.56K | 2.27M | 2.21M | 2.43M | 945.74K | 35.6K | 43.42K | 14.2K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Interest Income % | 99.1% | 98.82% | 99.22% | 97.75% | 99.27% | 99.99% | 100.03% | 99.79% | 98.75% | 99.96% | 100.06% | 100.03% | 153.17% | 100% | 100.63% | 101.57% | 107.2% | 148.21% | 135.92% | 565.66% | - | - | - | - | - | - | - |
| Total Net Revenue | 31.11M | 25.25M | 28.98M | 32.82M | 34.86M | 37.8M | 39.86M | 26.71M | 26.92M | 28.61M | 31.99M | 27.77M | 145.95K | 2.27M | 2.19M | 2.39M | 882.18K | 24.02K | 31.95K | 2.51K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | 11.12% | -12.89% | -11.69% | -5.84% | -7.78% | -5.18% | 49.26% | -0.78% | -5.91% | -10.57% | 15.2% | 18925.24% | -93.56% | 3.38% | -8.36% | 171.39% | 3572.09% | -24.81% | 1172.87% | - | - | - | - | - | - | - | - |
| Non-Interest Expense | 24.02M | 17.47M | 28.56M | 30.37M | 24.71M | 26.25M | 23.2M | 18.35M | 19.26M | 19.99M | 20.43M | 16.17M | 166.93K | 1.31M | 792.33K | 825.16K | 640.77K | 74.94K | 51.31K | 314.2K | 88.13K | 42.98K | 45.93K | 513.04K | 46.47K | 395.03K | 518.61K |
| Efficiency Ratio | 77.2% | 69.19% | 98.55% | 92.54% | 70.88% | 69.46% | 58.19% | 68.71% | 71.54% | 69.87% | 63.87% | 58.23% | 114.37% | 57.67% | 36.11% | 34.47% | 72.63% | 311.95% | 160.59% | 12518.13% | - | - | - | - | - | - | - |
| Operating Income | 846K | -2.41M | -6.69M | -6.26M | 1.42M | 2.38M | 7.42M | 1.92M | 755.59K | 2.81M | 6.73M | 8.86M | -131.69K | -358K | 177.61K | 233.99K | -281.16K | -94.13K | -60.64K | -338.45K | -88.13K | -42.98K | -45.93K | -513.04K | -46.47K | -395.03K | -518.61K |
| Operating Margin % | 2.72% | -9.53% | -23.08% | -19.06% | 4.07% | 6.3% | 18.61% | 7.17% | 2.81% | 9.81% | 21.04% | 31.91% | -90.23% | -15.78% | 8.1% | 9.77% | -31.87% | -391.8% | -189.8% | -13484.18% | - | - | - | - | - | - | - |
| Operating Income Growth % | - | 64.02% | -6.94% | -540.56% | -40.35% | -67.91% | 287.19% | 153.58% | -73.08% | -58.3% | -24.05% | 6829.16% | 63.22% | -301.56% | -24.09% | 183.22% | -198.71% | -55.22% | 82.08% | -284.04% | -105.05% | 6.41% | 91.05% | -1003.97% | 88.24% | 23.83% | - |
| Pretax Income | -2.01M | -4.8M | -4.26M | -5.45M | 1.59M | 2.36M | 7.63M | 2.34M | 608.86K | 2.5M | 6.78M | 8.86M | -204.22K | -319K | -189.32K | 246.15K | -384.06K | -104.02K | -72.11K | -350.07K | 39.01K | -42.95K | -543K | -513.04K | -46.47K | -477.43K | -518.61K |
| Pretax Margin % | -6.46% | -19.03% | -14.69% | -16.6% | 4.57% | 6.24% | 19.15% | 8.75% | 2.26% | 8.74% | 21.18% | 31.89% | -139.92% | -14.07% | -8.63% | 10.28% | -43.54% | -432.98% | -225.72% | -13946.85% | - | - | - | - | - | - | - |
| Income Tax | -597K | -277K | 1.56M | -1.38M | 429K | 1.21M | 1.79M | 562.96K | 347.01K | 766.6K | 1.59M | 3.58M | 0 | 800 | 22.76K | 800 | 800 | 800 | 800 | 800 | 800 | 1.6K | 1.6K | 1.6K | 800 | 800 | 0 |
| Effective Tax Rate % | 29.7% | 5.76% | -36.68% | 25.31% | 26.91% | 51.41% | 23.39% | 24.1% | 56.99% | 30.65% | 23.46% | 40.43% | 0% | -0.25% | -12.02% | 0.33% | -0.21% | -0.77% | -1.11% | -0.23% | 2.05% | -3.73% | -0.29% | -0.31% | -1.72% | -0.17% | 0% |
| Net Income | -2.26M | -4.37M | -5.82M | -4.07M | 1.17M | 1.15M | 5.85M | 1.77M | 261.85K | 1.73M | 5.19M | 5.28M | 14.19K | -320K | 63.6K | 75.49K | -344.66K | -104.82K | -72.92K | -350.87K | 38.21K | -44.55K | -544K | -514.64K | -47.27K | -478.23K | -518.61K |
| Net Margin % | -7.27% | -17.31% | -20.08% | -12.4% | 3.34% | 3.03% | 14.67% | 6.64% | 0.97% | 6.06% | 16.21% | 19% | 9.72% | -14.11% | 2.9% | 3.15% | -39.07% | -436.31% | -228.22% | -13978.73% | - | - | - | - | - | - | - |
| Net Income Growth % | 50.73% | 24.9% | -43.03% | -449.27% | 1.68% | -80.41% | 229.92% | 577.11% | -84.91% | -66.55% | -1.69% | 37073.1% | 104.43% | -603.14% | -15.75% | 121.9% | -228.81% | -43.76% | 79.22% | -1018.16% | 185.77% | 91.81% | -5.71% | -988.68% | 90.12% | 7.79% | - |
| Net Income (Continuing) | -2.28M | -4.53M | -5.82M | -4.07M | 1.17M | 1.15M | 5.85M | 1.77M | 261.85K | 1.73M | 5.19M | 5.28M | -204.22K | -320K | -212.09K | 245.35K | -384.86K | -104.82K | -72.92K | -350.87K | 38.21K | -44.55K | -544K | -514.64K | -47.27K | -478.23K | -518.61K |
| EPS (Diluted) | -0.05 | -0.10 | -0.14 | -0.10 | 0.03 | 0.03 | 0.15 | 0.05 | 0.01 | 0.05 | 0.18 | -0.00 | 0.01 | -0.40 | -0.30 | 0.10 | -0.52 | -0.13 | -0.10 | -0.56 | 0.08 | -0.09 | -1.15 | -1.18 | -0.11 | -1.19 | -9.79 |
| EPS Growth % | 51.18% | 28.57% | -40% | -447.22% | -2.04% | -80.4% | 225.38% | - | -86.4% | -72.22% | - | - | 101.25% | -33.33% | -412.17% | 118.48% | -300% | -30% | 82.14% | -814.29% | 183.49% | 91.83% | 2.54% | -972.73% | 90.76% | 87.84% | - |
| EPS (Basic) | - | -0.10 | -0.14 | -0.10 | 0.03 | 0.03 | 0.15 | 0.05 | 0.01 | 0.06 | 0.18 | -0.00 | 0.01 | -0.40 | -0.30 | 0.10 | -0.52 | -0.13 | -0.10 | -0.56 | 0.08 | -0.09 | -1.15 | -1.18 | -0.11 | -1.19 | -6.76 |
| Diluted Shares Outstanding | 42.98M | 42.96M | 41.7M | 40.4M | 39.42M | 39.03M | 38.47M | 38.45M | 38.3M | 38.3M | 29.56M | 2.27M | 849.75K | 801.12K | 800.94K | 783.08K | 668.61K | 782.14K | 719.08K | 627.54K | 487.5K | 474.3K | 474.3K | 436.32K | 419.55K | 400.44K | 76.79K |
Quick answers to the most common questions about buying MGLD stock.
For fiscal year 2026, The Marygold Companies, Inc. (MGLD) reported total revenue of $25.2M.
The Marygold Companies, Inc. (MGLD) reported a net loss of $4.4M for the fiscal year ending 2026.
The Marygold Companies, Inc. (MGLD) reported an operating income of $-2.4M, resulting in an operating profit margin of -9.5%. This margin reflects the operational efficiency of the business before interest and taxes.
The Marygold Companies, Inc. (MGLD) generated $15.1M in gross profit for the year, representing a gross profit margin of 59.7%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Fintech pivot execution failure
Metrics are mathematically derived from official filings.
Top Line Stagnation and Contraction
As evidenced by the quarterly data, MGLD's revenue has trended downward from $8.5M in 2024Q2 to $7.2M in 2026Q3, suggesting that the company's legacy business segments are struggling to maintain historical volume levels in an increasingly competitive and volatile macroeconomic environment.
The consistent decline in quarterly revenue indicates that the firm's diversified portfolio of legacy assets may be losing market share or facing cyclical headwinds. Investors should monitor whether this contraction is a permanent erosion of the core business or a temporary byproduct of the company's strategic pivot toward fintech development.
High Gross Margins Mask Inefficiency
According to the reported income statements, MGLD maintains a robust gross margin profile, peaking at 94.5% in 2026Q3, yet this structural advantage is consistently undermined by heavy operating expenses that prevent the company from achieving sustainable profitability at the consolidated level.
The wide gap between gross and operating margins suggests that the company's core business units possess strong pricing power, but the corporate structure is currently burdened by excessive overhead. This discrepancy implies that the firm is prioritizing long-term growth initiatives over immediate operational efficiency, which warrants further investigation into the scalability of these investments.
Operating Leverage Remains Deeply Negative
Based on financial filings, MGLD's operating income has remained consistently negative, reaching a low of -$2.8M in 2024Q4, which indicates that the company has yet to achieve the necessary operating leverage to offset its significant SG&A expenditures and internal development costs.
The inability to scale operating income alongside gross profit suggests that the company's current cost structure is misaligned with its revenue generation capabilities. Analysts should consider whether the recent reduction in SG&A expenses is a sign of improved discipline or a potential risk to the company's long-term growth trajectory.
Stock-Based Compensation Distorts Earnings
As reported in recent financial statements, MGLD's net income is frequently impacted by significant stock-based compensation, which reached $460K in 2025Q1, potentially masking the true underlying cash burn and diluting shareholder value during periods of operational transition and negative earnings.
The reliance on equity-based incentives during a period of negative operating margins suggests that management is attempting to preserve cash while incentivizing the fintech pivot. Investors should carefully evaluate the impact of this dilution on future EPS, as the current earnings quality appears heavily influenced by non-cash accounting items.