U S GLOBAL INVESTORS INC GROW
U.S. Global, a Texas corporation organized in 1968, is a registered investment adviser under the Investment Advisers Act of 1940, as amended ("Advisers Act"). The Company, with principal operations located in San Antonio, Texas, manages two business segments:
Investment Management Services, through which the Company offers, to U.S. Global Investors Funds ("USGIF" or the "Fund(s)") and exchange-traded fund ("ETF") clients, a range of investment management products and services to meet the needs of individual and institutional investors; and
Corporate Investments, through which the Company invests for its own account in an effort to add growth and value to its cash position. The Company holds a significant amount of its total assets in investments.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.3M | $8.5M | $11.0M | $15.1M | $24.7M | $21.7M | $4.5M | $3.5M | $6.3M | $6.8M |
| Gross profit | $3.6M | -$531.0K | — | — | — | — | — | — | — | — |
| SG&A | $5.3M | $5.8M | $6.1M | $6.1M | $6.9M | $5.7M | $3.7M | $2.9M | $3.9M | $3.5M |
| Total operating expenses | $10.9M | $11.4M | $11.5M | $11.5M | $13.6M | $13.5M | $6.9M | $6.2M | $8.5M | $7.6M |
| Operating income | -$603.0K | -$3.0M | -$480.0K | $3.5M | $11.1M | $8.2M | -$2.4M | -$2.8M | -$2.3M | -$873.0K |
| Interest expense | — | — | — | $4.0K | $0 | — | — | — | — | — |
| Pre-tax income | $3.9M | -$262.0K | $1.9M | $4.1M | $5.0M | $37.4M | -$4.6M | -$4.3M | $886.0K | -$527.0K |
| Income tax | $829.0K | $72.0K | $582.0K | $934.0K | $1.5M | $5.5M | $175.0K | $977.0K | $197.0K | $17.0K |
| Net income | $3.1M | -$334.0K | $1.3M | $3.1M | $3.4M | $32.0M | -$4.7M | -$3.4M | $647.0K | -$513.0K |
| EPS, basic | 0.24 | -0.03 | 0.09 | 0.22 | 0.23 | 2.12 | -0.31 | -0.22 | 0.04 | -0.03 |
| EPS, diluted | 0.24 | -0.03 | 0.09 | 0.22 | 0.23 | 2.12 | -0.31 | -0.22 | 0.04 | -0.03 |
| Shares, diluted (wtd. avg.) | $12.7M | $13.3M | $14.2M | $14.6M | $15.0M | $15.1M | $15.1M | $15.1M | $15.2M | $15.2M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $24.3M | $24.6M | $27.4M | $25.4M | $22.3M | $14.4M | $1.9M | $2.5M | $5.8M | $5.0M |
| Short-term investments | $8.9M | $9.7M | $9.6M | $11.6M | $12.1M | $6.3M | $6.3M | $8.0M | $8.2M | — |
| Total current assets | $37.6M | $39.1M | $40.3M | $40.4M | $38.0M | $26.8M | $10.5M | $13.1M | $17.1M | $17.5M |
| Property, plant and equipment | $1.1M | $1.1M | $1.2M | $1.1M | $1.4M | $1.4M | $1.5M | $1.7M | $2.0M | $2.2M |
| Total assets | $48.0M | $48.1M | $52.0M | $55.7M | $58.4M | $62.3M | $18.8M | $23.7M | $28.9M | $25.5M |
| Accounts payable | $4.0K | $10.0K | $14.0K | $143.0K | $73.0K | $102.0K | $29.0K | $31.0K | $198.0K | $118.0K |
| Total current liabilities | $1.9M | $1.9M | $2.2M | $2.9M | $4.1M | $5.2M | $2.0M | $1.4M | $1.8M | $1.2M |
| Long-term debt | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total liabilities | $2.9M | $2.9M | $3.0M | $3.7M | $4.6M | $8.0M | $2.1M | $1.6M | $2.9M | $1.2M |
| Retained earnings | $37.9M | $35.9M | $37.5M | $37.6M | $35.9M | $33.8M | $2.6M | $7.8M | $9.5M | $9.3M |
| Total equity | $45.1M | $45.2M | $49.0M | $52.0M | $53.6M | $54.3M | $16.8M | $22.2M | $26.1M | $24.4M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $742.0K | -$822.0K | $990.0K | $2.9M | $10.5M | $4.8M | -$2.0M | -$1.1M | -$34.0K | $690.0K |
| Depreciation and amortisation | $9.0K | -$118.0K | -$139.0K | -$246.0K | -$419.0K | $374.0K | $202.0K | $214.0K | $241.0K | $253.0K |
| Stock-based compensation | $9.0K | $124.0K | $0 | $0 | $733.0K | $43.0K | $0 | $2.0K | $2.0K | $0 |
| Capital expenditure | $60.0K | $7.0K | $213.0K | $14.0K | $220.0K | $73.0K | $0 | $0 | $0 | $0 |
| Investing cash flow | $2.1M | $1.1M | $4.4M | $2.7M | -$1.0M | $8.7M | $2.5M | -$1.7M | $3.1M | -$158.0K |
| Financing cash flow | -$3.1M | -$3.1M | -$3.4M | -$2.5M | -$1.6M | -$941.0K | -$120.0K | -$474.0K | -$590.0K | -$564.0K |
| Dividends paid | $1.1M | $1.2M | $1.3M | $1.3M | $1.2M | $640.0K | $452.0K | $454.0K | $455.0K | $456.0K |
| Buybacks | $2.0M | $2.0M | $2.2M | $1.2M | $452.0K | $314.0K | $113.0K | $24.0K | $141.0K | $114.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-029613.
Others in SIC 6282
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BX | Blackstone Inc. | $102.20B | 35.2x | 9.2% |
| KKR | KKR & Co. Inc. | $96.70B | — | -11.0% |
| APO | Apollo Global Management, Inc. | $78.94B | 24.1x | 22.7% |
| AMP | AMERIPRISE FINANCIAL INC | $49.52B | 15.5x | 5.5% |
| TROW | PRICE T ROWE GROUP INC | $23.42B | 11.9x | 3.1% |
| BEN | FRANKLIN TEMPLETON INC | $17.65B | 38.2x | 3.5% |
| CG | Carlyle Group Inc. | $16.74B | 21.5x | -11.9% |
| IVZ | Invesco Ltd. | $14.60B | — | 5.1% |