Marygold Companies Inc. has released its annual report for the fiscal year ending June 30, 2025. The company reported a revenue of $30.154 million, reflecting an 8% decrease compared to $32.836 million in the previous fiscal year. The cost of revenue decreased by 5%, resulting in a gross profit of $21.872 million, down 9% from $24.116 million in fiscal 2024. Operating expenses stood at $28.562 million, a 6% reduction from $30.372 million in the previous year. The loss from operations increased by 7% to $6.690 million, compared to a loss of $6.256 million in fiscal 2024. The company experienced a net loss before income taxes of $7.382 million, a 35% increase from the previous year's loss of $5.448 million. Marygold US reported an operating loss of $4.7 million in fiscal 2025, improving from a $5.7 million loss in fiscal 2024. Due to minimal revenues generated by the Marygold US app since its launch in June 2023, the company paused operations of the app in the U.S. as of March 31, 2025. This decision is expected to reduce the losses and negative cash flows from Marygold US moving forward. A significant operational update includes the sale of Brigadier to a related party on July 1, 2025. The company did not provide specific guidance for future financial performance.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marygold Companies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-014286), on September 19, 2025, and is solely responsible for the information contained therein.
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