Company: MGLD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001493152-25-021259
Chunk: 28

Company: Marygold Companies, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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RESULTS OF OPERATIONS

    Quarters Ended September 30,  
    Percentage 
  
    (in thousands, except percentages) 
    2025  
    2024  
    Change 
  
    Revenue 

    Fund management - related party 
    $4,329  
    $4,591  
     -6%
  
    Food products 
     1,755  
     1,822  
     -4%
  
    Beauty products 
     671  
     597  
     12%
  
    Security systems 
     -  
     690  
     -100%
  
    Financial services 
     208  
     210  
     -1%
  
    Total revenue 
    $6,963  
    $7,910  
     -12%

    Operating Income (Loss) 

    Fund management - related party 
    $379  
    $960  
     -61%
  
    Food products 
     102  
     (8) 
     -1,375%
  
    Beauty products 
     123  
     (173) 
     -171%
  
    Security systems 
     -  
     133  
     -100%
  
    Financial services 
     (373) 
     (1,582) 
     -76%
  
    Corporate headquarters 
     (1,495) 
     (1,500) 
     0%
  
    Total operating loss 
    $(1,264) 
    $(2,170) 
     -42%

U.S.
Fund Management – Related Party - USCF Investments

USCF
Investments earns monthly management and advisory fees based on an investment management or advisory agreement with each ETF or ETP that it manages. The management
fees are determined on the basis of a contractual basis point management fee multiplied by the average AUM over the given period. Average
AUM for the quarter ended September 30, 2025 was $2.9 billion compared to $3.1 billion for the quarter ended September 30, 2024. As a
result of lower average AUM for the current quarter when compared to the quarter ended September 30, 2024, revenue decreased by $0.3
million or 6%. The decrease in average AUM in the quarter ended September