U S GLOBAL INVESTORS INC GROW

Financials SIC 6282 - Investment Advice NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities › Portfolio Management and Investment Advice derived Nasdaq

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.

Last close 2.62 2026-10-23
Market cap $27.5M 2025-12-31 share count
52-week range 2.23 - 3.65

Valuation FY2026 figures against the last close

P/S2.7x
P/E10.9x
P/FCF40.3x
EV/EBITDA—
Dividend yield4.1%
Diluted EPS0.24

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
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 0.24-0.030.090.220.232.12-0.31-0.220.04-0.03
EPS, diluted 0.24-0.030.090.220.232.12-0.31-0.220.04-0.03
Shares, diluted (wtd. avg.) 12.7M13.3M14.2M14.6M15.0M15.1M15.1M15.1M15.2M15.2M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
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 FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10M 0 10M 20M 30M 40M Revenue, FY2017: 6.8M Net income, FY2017: -513K Revenue, FY2018: 6.3M Net income, FY2018: 647K Revenue, FY2019: 3.5M Net income, FY2019: -3.4M Revenue, FY2020: 4.5M Net income, FY2020: -4.7M Revenue, FY2021: 21.7M Net income, FY2021: 32M Revenue, FY2022: 24.7M Net income, FY2022: 3.4M Revenue, FY2023: 15.1M Net income, FY2023: 3.1M Revenue, FY2024: 11M Net income, FY2024: 1.3M Revenue, FY2025: 8.5M Gross profit, FY2025: -531K Net income, FY2025: -334K Revenue, FY2026: 10.3M Gross profit, FY2026: 3.6M Net income, FY2026: 3.1M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $6.8M $6.3M $3.5M $4.5M $21.7M $24.7M $15.1M $11.0M $8.5M $10.3M
Gross profit — — — — — — — — -$531.0K $3.6M
Net income -$513.0K $647.0K -$3.4M -$4.7M $32.0M $3.4M $3.1M $1.3M -$334.0K $3.1M

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Accounts can no longer be relied on The company is telling investors that figures it has already published are wrong. Rare, and about as direct as a filing gets. Item 4.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Annual report filed Form 10-K
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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