The company's financial position appears strained as retained earnings have declined from $16.4M in 2024Q2 to $7.5M in 2026Q3, reflecting persistent operational losses.
| Metric | TTM | 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 |
|---|
| Total Current Assets | 16.48M | 19.05M | 24.25M | 26.82M | 25.24M | 24.11M | 17.6M | 15.52M | 16.7M | 15.03M | 9.45M | 2.15M | 667.9K | 359.1K | 426.27K | 254.41K | 5.07K | 6.91K | 7.36K | 38.41K | 4.04K | 4.34K | 103.77K | 247.24K | 246.46K | 481 |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 9.57M | 1.07M | 1.23M | 15.05M | 69.26K | 26.14K | 209.47K | 83.89K | 15.75K | 7.3K | 0 | 0 | 14.37K | 0 | 12.41K | 7.72K | 0 | 0 | 0 | 1 | 0 | 3.69K | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 11.57M | 11.37M | 8.65M | 8.46M | 10.07M | 7.4M | 6.69M | 5.73M | 6.4M | 4.56M | 4.37M | 182.93K | 23.68K | 26.2K | 18.02K | 2.31K | 6.82K | 20.74K | 32.75K | 30.16K | 0 | 0 | 497.09K | 0 | 903 | 0 |
| Property, Plant & Equipment | 574K | 2.02M | 2.14M | 2.08M | 2.75M | 2.63M | 1.93M | 757.01K | 1.08M | 1.16M | 1.17M | 0 | 12.46K | 14.98K | 6.8K | 2.31K | 6.82K | 20.74K | 32.75K | 30.16K | 0 | 0 | 245 | 0 | 903 | 0 |
| Fixed Asset Turnover | 22.16x | 14.91x | 15.34x | 16.80x | 13.76x | 15.16x | 13.85x | 35.60x | 26.57x | 27.61x | 23.81x | - | 182.08x | 147.40x | 357.65x | 410.12x | 5.22x | 2.09x | 0.43x | - | - | - | - | - | - | - |
| Goodwill | 1.98M | 2.48M | 2.48M | 2.31M | 2.31M | 1.04M | 915.79K | 915.79K | 915.79K | 498.97K | 498.97K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 717K | 1.03M | 1.38M | 2.33M | 2.71M | 2.34M | 2.54M | 2.66M | 3M | 899.28K | 1.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 496.84K | 0 | 0 | 0 |
| Long-Term Investments | 6.91M | 2.3M | 502K | 500K | 500K | 500K | 500K | 500K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 28.05M | 30.42M | 32.9M | 35.28M | 35.31M | 31.51M | 24.29M | 21.25M | 23.1M | 19.6M | 13.82M | 2.33M | 691.58K | 385.3K | 444.29K | 256.72K | 11.89K | 27.65K | 40.11K | 68.57K | 4.04K | 4.34K | 600.85K | 247.24K | 247.36K | 481 |
| Asset Turnover | 1.01x | 0.99x | 1.00x | 0.99x | 1.07x | 1.27x | 1.10x | 1.27x | 1.24x | 1.63x | 2.01x | 0.10x | 3.28x | 5.73x | 5.47x | 3.68x | 2.99x | 1.57x | 0.35x | - | - | - | - | - | - | - |
| Asset Growth % | -60.21% | -7.54% | -6.75% | -0.08% | 12.07% | 29.71% | 14.29% | -8% | 17.89% | 41.74% | 492.25% | 237.52% | 79.49% | -13.28% | 73.06% | 2059.29% | -57% | -31.06% | -41.51% | 1596.54% | -6.84% | -99.28% | 143.03% | -0.05% | 51325.78% | - |
| Total Current Liabilities | 3.92M | 6.63M | 5.23M | 4.19M | 4.81M | 5.06M | 3.61M | 3.22M | 5.17M | 3.45M | 3.68M | 286.5K | 1.38M | 550.98K | 692.66K | 782.1K | 483.16K | 455.4K | 463.41K | 401.01K | 532.73K | 770.18K | 822.41K | 653.65K | 653K | 17.69K |
| Accounts Payable | 0 | 2.08M | 1.96M | 1.33M | 2M | 1.67M | 1.36M | 1.72M | 1.94M | 1.78M | 1.04M | 108.86K | 88.98K | 279.99K | 106.57K | 160.2K | 6.54K | 98.53K | 114.62K | 86.65K | 402.98K | 0 | 0 | 0 | 0 | 17.69K |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 393K | 1.27M | 315K | 457.31K | 33.5K | 618.59K | 16.7K | 29.74K | 50.2K | 20.89K | 617K | 17K | 420.7K | 28K | 150K | 150K | 0 | 142.5K | 160.69K | 142.5K | 129.75K | 373.21K | 440.71K | 290.21K | 304.21K | 0 |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 3.53M | 0 | 0 | 958.69K | 0 | 0 | 0 | 37.08K | 3.68K | 13.4K | 19.2K | 0 | 677.37K | 0 | 3.72K | 0 | -224.02K | -142.5K | -159.31K | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 4.21x | 2.87x | 4.63x | 6.40x | 5.25x | 4.76x | 4.88x | 4.82x | 3.23x | 4.35x | 2.57x | 7.51x | 0.48x | 0.65x | 0.62x | 0.33x | 0.01x | 0.02x | 0.02x | 0.10x | 0.01x | 0.01x | 0.13x | 0.38x | 0.38x | 0.03x |
| Quick Ratio | 4.21x | 2.87x | 4.63x | 6.40x | 5.25x | 4.76x | 4.88x | 4.82x | 3.23x | 4.35x | 2.57x | 7.51x | 0.48x | 0.65x | 0.62x | 0.33x | 0.01x | 0.02x | 0.02x | 0.10x | 0.01x | 0.01x | 0.13x | 0.38x | 0.38x | 0.03x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 420K | 801K | 1.05M | 711.34K | 1.46M | 1.16M | 1.54M | 837.63K | 957.91K | 2.94M | 2.28M | 0 | 1.11M | 204.7K | 108.67K | 68.59K | 10K | 100.5K | 0 | 1 | 532.73K | 373.21K | 1.93M | 1.97M | 1.93M | 17.69K |
| Long-Term Debt | 199K | 0 | 70K | 380.54K | 459.18K | 379.8K | 959.85K | 661.06K | 749.49K | 672.61K | 0 | 0 | 0 | 204.7K | 108.67K | 40K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36.5K | 0 | 0 |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 1.27M | 7.43M | 6.29M | 4.9M | 6.27M | 6.22M | 5.14M | 4.06M | 6.13M | 6.4M | 5.96M | 286.5K | 1.38M | 755.67K | 801.34K | 850.69K | 493.16K | 455.4K | 463.41K | 401.01K | 532.73K | 770.18K | 2.75M | 2.62M | 2.58M | 17.69K |
| Total Debt | 592K | 2.4M | 1.46M | 1.29M | 1.9M | 2.12M | 1.75M | 690.8K | 799.7K | 693.49K | 617K | 17K | 420.7K | 232.7K | 258.67K | 190K | 0 | 142.5K | 160.69K | 142.5K | 129.75K | 373.21K | 440.71K | 326.71K | 304.21K | 0 |
| Net Debt | -2.38M | -2.6M | -4M | -6.88M | -11.02M | -13.95M | -8.07M | -5.79M | -6.72M | -6.04M | -4.84M | -1.95M | 400.25K | 193.26K | 156.65K | 136.3K | -4.87K | 139.93K | 154.87K | 127.44K | 125.87K | 372.56K | 336.94K | 325.27K | 303.55K | -481 |
| Debt / Equity | 0.03x | 0.10x | 0.05x | 0.11x | 0.07x | 0.08x | 0.09x | 0.04x | 0.05x | 0.05x | 0.08x | 0.01x | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | -0.21x | - | - | 0.64x | 0.65x | 0.26x | 0.69x | 0.47x | 0.24x | 0.10x | 0.07x | - | - | 1.28x | 1.10x | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.84x | - | - | -3.40x | -3.75x | -1.74x | -3.20x | -3.97x | -1.99x | -0.84x | -0.53x | - | - | 1.06x | 0.66x | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -4.42x | -5.30x | -339.50x | 80.70x | 75.83x | 190.10x | 57.83x | 21.64x | 25.74x | 314.95x | 1020.56x | -1.63x | -18.25x | -12.69x | 7.56x | -5.04x | -7.98x | -5.28x | -28.95x | - | - | 0.45x | - | - | - | - |
| Total Equity | 22.86M | 22.99M | 26.61M | 12.02M | 29.04M | 25.29M | 19.15M | 17.19M | 16.98M | 13.2M | 7.86M | 2.05M | -689.45K | -370.38K | -357.05K | -593.97K | -481.27K | -427.75K | -423.3K | -332.43K | -528.69K | -765.84K | -2.15M | -2.37M | -2.34M | -17.21K |
| Equity Growth % | -32.6% | -13.63% | 121.4% | -58.61% | 14.84% | 32.05% | 11.38% | 1.28% | 28.61% | 67.85% | 284.03% | 397.01% | -86.15% | -3.73% | 39.89% | -23.42% | -12.51% | -1.05% | -27.33% | 37.12% | 30.97% | 64.4% | 9.33% | -1.6% | -13474.02% | - |
| Book Value per Share | 0.53 | 0.55 | 0.66 | 0.30 | 0.74 | 0.66 | 0.50 | 0.45 | 0.44 | 0.45 | 3.47 | 2.41 | -0.86 | -0.46 | -0.46 | -0.89 | -0.62 | -0.59 | -0.67 | -0.68 | -1.11 | -1.61 | -4.93 | -5.66 | -5.83 | -0.22 |
| Total Shareholders' Equity | 22.86M | 22.99M | 26.61M | 30.38M | 29.04M | 25.29M | 19.15M | 17.19M | 16.98M | 13.2M | 7.86M | 2.05M | -689.45K | -370.38K | -627.41K | -702.9K | -481.27K | -427.75K | -423.3K | -332.43K | -528.69K | -765.84K | -2.15M | -2.37M | -2.34M | -17.21K |
| Common Stock | 42K | 42K | 40K | 39.38K | 39.38K | 37.49K | 37.41K | 37.24K | 29.56K | 29.56K | 886.75K | 67.95K | 240.34K | 240.28K | 235.62K | 233.67K | 184.31K | 178.23K | 178.23K | 177.32K | 142.29K | 142.29K | 142.29K | 126.36K | 239.09K | 2.64M |
| Retained Earnings | 7.49M | 8.2M | 14.02M | 18.09M | 16.92M | 15.78M | 9.93M | 8.15M | 7.61M | 5.88M | 690.04K | -6.35M | -4.89M | -4.57M | -4.67M | -4.74M | -4.4M | -4.29M | -4.22M | -3.87M | -3.91M | -3.86M | -3.32M | -2.81M | -2.76M | -2.66M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -16K | -420K | -269K | -144.84K | -234.79K | 142.58K | -144.74K | -175.66K | 148.81K | 119.34K | -30.3K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 183.93K | 0 |
| Minority Interest | 0 | 0 | 0 | -18.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 270.36K | 108.93K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fintech pivot execution failure
As reported in financial statements, MGLD's total assets have contracted from $34.9M in 2024Q2 to $28.1M by 2026Q3, reflecting a consistent decline in the company's resource base as it attempts to fund its strategic transition toward a unified fintech-focused business model through internal capital allocation.
The steady reduction in total assets suggests that the company is consuming its capital base to sustain operations rather than growing through reinvestment. This trajectory warrants caution, as the shrinking asset pool may limit the firm's future flexibility if the fintech pivot fails to achieve scale.
Based on the company's most recent quarterly filings, cash reserves have plummeted from a peak of $18.6M in 2024Q2 to just $3.0M in 2026Q3, indicating a rapid depletion of liquidity that may necessitate external financing if the current operating burn rate remains unaddressed by management.
While the current ratio of 4.21 appears superficially healthy, the absolute decline in cash is the more critical metric for investors to monitor. This rapid cash burn suggests that the company's legacy segments are no longer providing a sufficient buffer to support the ongoing development costs of the Marygold fintech application.
According to historical balance sheet data, MGLD's retained earnings have fallen from $16.4M in 2024Q2 to $7.5M in 2026Q3, which suggests that the company is consistently eroding its accumulated equity through persistent operating losses rather than generating value for shareholders through its diversified business segments.
The consistent decline in retained earnings is a primary indicator of the company's inability to translate its diverse business activities into sustainable profitability. Investors should interpret this trend as a sign that the current capital allocation strategy is failing to preserve the firm's long-term equity value.
As indicated by the provided financial data, the company's reliance on $2.0M in goodwill, which represents a significant portion of its $28.1M total asset base, suggests that the balance sheet may be vulnerable to future impairment charges if the acquired subsidiaries fail to meet performance expectations.
The presence of goodwill on the balance sheet during a period of revenue contraction warrants further investigation into the carrying value of these assets. If the underlying business units continue to underperform, the company may be forced to recognize write-downs that would further weaken its already strained equity position.
Quick answers to the most common questions about buying MGLD stock.
As of 2025, The Marygold Companies, Inc. (MGLD) had total assets of $30.4M including $19.0M in current assets.
The Marygold Companies, Inc. (MGLD) carries total debt of $2.4M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
The Marygold Companies, Inc. (MGLD) has total shareholders' equity (book value) of $23.0M ($0.55 book value per share). Book value represents the net worth of the company belonging to common stock holders.
The Marygold Companies, Inc. (MGLD) reported a current ratio of 2.87x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.