Every 10-Q that US Global Invstr (GROW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GROW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GROW filings page.
U.S. Global Investors, Inc. restated its March 31, 2026 quarter to correct earnings per share. The company identified an error that understated basic and diluted weighted‑average shares, which had overstated EPS. For the nine months, basic and diluted EPS were reduced by $0.01 to $0.26. For the three months, basic and diluted EPS were reduced by $0.02 to $0.21. Net income remained $3.3 million for the nine months and $2.7 million for the quarter, with no impact on revenues, expenses, cash flows, or period‑end shares.
Management concluded this error reflects a material weakness in internal control over financial reporting, tied to a review control over share‑count calculations that did not operate at sufficient precision. The company is implementing enhanced review procedures and strengthened spreadsheet controls. Operationally, nine‑month operating revenue was $7.5 million, net investment income was $4.5 million, and total assets were $48.9 million, supported by significant investment holdings.
U.S. Global Investors, Inc. reports a return to profitability for the quarter and nine months ended March 31, 2026, driven largely by investment gains. For the nine‑month period, operating revenue from advisory and administrative fees rose to $7.524 million from $6.492 million, while operating expenses were $8.039 million, yielding an operating loss of $0.515 million, narrower than the prior year’s loss.
Net investment income increased to $4.482 million from $1.819 million, supported by unrealized gains on trading securities and other investments. As a result, nine‑month net income improved to $3.338 million versus a net loss of $0.153 million a year earlier, with basic and diluted EPS of $0.27 compared with a loss of $(0.01) per share. For the March 2026 quarter, net income was $2.677 million versus a loss of $0.382 million.
Total assets were $48.921 million at March 31, 2026, including cash, cash equivalents, and restricted cash of $25.575 million and trading securities at fair value of $12.428 million. Shareholders’ equity increased to $46.048 million, reflecting earnings despite ongoing share repurchases. The company repurchased 597,861 Class A shares for about $1.6 million in the first nine months of fiscal 2026 and continued monthly cash dividends of $0.0075 per share, authorized through June 2026. Assets under management, including ETFs and USGIF funds, were approximately $1.4 billion at March 31, 2026, up from about $1.2 billion a year earlier.
U.S. Global Investors, Inc. reported modest profitability for the six months ended December 31, 2025, with net income of $661,000, up from $229,000 a year earlier, as stronger investment gains offset an operating loss.
Operating revenues rose to $4.8 million from $4.4 million, but the core investment management segment still posted an operating loss of $603,000. Net investment income improved to $2.8 million, driven by market gains on trading securities and other investments.
Results were volatile quarter to quarter: the December 2025 quarter showed a net loss of $846,000, largely due to $1.3 million of tax expense tied to HIVE convertible securities and a valuation allowance on capital loss carryforwards. The remaining HIVE debentures were paid off in December, realizing previously recorded losses.
The balance sheet remains conservative, with total assets of $47.2 million, including $26.2 million in cash, cash equivalents, and restricted cash, and low debt. The company continued returning capital, paying monthly dividends of $0.0075 per share and repurchasing 421,269 Class A shares for about $1.1 million in the six-month period.
Subsequent to December 31, 2025, the company recognized an additional unrealized gain of approximately $1.9 million on an equity investment and filed a tax accounting method change it expects will yield a tax benefit in the quarter ending March 31, 2026.