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U.S. Global Investors (GROW) Financials

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Annual Income Statements for U.S. Global Investors

Annual Income Statements for U.S. Global Investors

This table shows U.S. Global Investors' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders
-4.03 -3.68 -0.51 0.65 -3.39 -4.68 32 3.44 3.15 1.33 -0.33
Consolidated Net Income / (Loss)
-3.98 -3.70 -0.54 0.69 -3.44 -4.80 32 3.44 3.15 1.33 -0.33
Net Income / (Loss) Continuing Operations
-3.90 -3.69 -0.54 0.69 -3.29 -4.46 32 3.44 3.15 1.33 -0.33
Total Pre-Tax Income
-3.07 -3.69 -0.53 0.89 -7.60 -4.64 37 4.97 4.08 1.92 -0.26
Total Operating Income
-3.51 -4.18 -0.87 -2.29 -7.60 -2.40 8.17 11 3.53 -0.48 -2.99
Total Gross Profit
1.93 0.59 3.01 1.99 3.46 1.64 14 19 10 6.18 3.52
Total Revenue
7.33 5.51 6.76 6.26 3.46 4.48 22 25 15 11 8.45
Operating Revenue
7.33 5.51 6.76 6.26 3.46 4.48 22 25 15 11 8.45
Total Cost of Revenue
5.40 4.92 3.75 4.27 0.00 2.84 7.37 6.06 4.80 4.80 4.93
Operating Cost of Revenue
5.40 4.92 3.75 4.27 - 2.84 7.37 6.06 4.80 4.80 4.93
Total Operating Expenses
5.44 4.76 3.88 4.28 11 4.04 6.12 7.54 6.75 6.66 6.51
Selling, General & Admin Expense
4.98 4.24 3.49 3.87 - 3.66 5.70 6.91 6.12 6.06 5.80
Marketing Expense
0.14 0.21 0.14 0.17 0.20 0.17 0.22 0.41 0.38 0.40 0.65
Depreciation Expense
0.33 0.32 0.25 0.24 0.21 0.20 0.20 0.23 0.24 0.20 0.06
Other Operating Expenses / (Income)
- - - - 9.14 - - 0.00 0.00 0.00 0.00
Total Other Income / (Expense), net
0.43 0.49 0.35 3.17 0.00 -2.24 29 -6.15 0.56 2.40 2.72
Interest & Investment Income
0.43 0.49 0.35 3.13 - -2.35 29 -6.38 0.32 2.14 2.39
Other Income / (Expense), net
- - 0.00 0.05 - 0.12 0.14 0.24 0.24 0.25 0.33
Income Tax Expense
0.82 -0.01 0.02 0.20 -0.98 -0.18 5.48 1.53 0.93 0.58 0.07
Basic Earnings per Share
($0.26) ($0.24) ($0.03) $0.04 ($0.22) ($0.31) $2.12 $0.23 $0.22 $0.09 ($0.03)
Weighted Average Basic Shares Outstanding
15.40M 15.29M 15.21M 15.16M 15.14M 15.11M 15.07M 15.01M 14.64M 14.18M 13.34M
Diluted Earnings per Share
($0.26) ($0.24) ($0.03) $0.04 ($0.22) ($0.31) $2.12 $0.23 $0.22 $0.09 ($0.03)
Weighted Average Diluted Shares Outstanding
15.40M 15.29M 15.21M 15.16M 15.14M 15.11M 15.07M 15.01M 14.64M 14.18M 13.34M
Weighted Average Basic & Diluted Shares Outstanding
15.33M 15.24M 15.18M 15.14M 15.14M 15.11M - 14.95M - 11.61M 10.89M
Cash Dividends to Common per Share
- - - - - - - - - $0.01 $0.01

Quarterly Income Statements for U.S. Global Investors

This table shows U.S. Global Investors' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
-0.18 1.23 -0.04 0.32 0.32 -0.09 -0.38 -0.18 1.51 -0.85 2.68
Consolidated Net Income / (Loss)
-0.18 1.23 -0.04 0.32 0.32 -0.09 -0.38 -0.18 1.51 -0.85 2.68
Net Income / (Loss) Continuing Operations
-0.18 1.23 -0.04 0.32 0.32 -0.09 -0.38 -0.18 1.51 -0.85 2.68
Total Pre-Tax Income
-0.24 1.67 0.04 0.45 0.44 -0.12 -0.25 -0.34 1.84 0.54 1.83
Total Operating Income
0.22 0.19 -0.49 -0.40 -0.56 -0.54 -0.89 -1.00 -0.52 -0.09 0.09
Total Gross Profit
1.86 1.86 1.38 1.08 1.08 1.01 0.81 0.63 1.07 1.24 1.62
Total Revenue
3.13 2.82 2.59 2.44 2.16 2.23 2.10 1.96 2.25 2.51 2.76
Operating Revenue
3.13 2.82 2.59 2.44 2.16 2.23 2.10 1.96 2.25 2.51 2.76
Total Cost of Revenue
1.27 0.96 1.21 1.36 1.08 1.23 1.29 1.33 1.18 1.27 1.15
Operating Cost of Revenue
1.27 0.96 1.21 1.36 1.08 1.23 1.29 1.33 1.18 1.27 1.15
Total Operating Expenses
1.64 1.66 1.87 1.48 1.64 1.54 1.71 1.62 1.58 1.33 1.53
Selling, General & Admin Expense
1.50 1.49 1.73 1.34 1.50 1.39 1.45 1.45 1.41 1.19 1.41
Marketing Expense
0.08 0.11 0.10 0.11 0.11 0.14 0.24 0.16 0.16 0.13 0.11
Depreciation Expense
0.06 0.06 0.04 0.03 0.02 0.02 0.01 0.01 0.01 0.01 0.01
Other Operating Expenses / (Income)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Total Other Income / (Expense), net
-0.46 1.47 0.53 0.85 1.00 0.42 0.65 0.66 2.36 0.62 1.75
Interest & Investment Income
-0.51 1.42 0.46 0.78 0.92 0.35 0.55 0.57 2.28 0.54 1.67
Other Income / (Expense), net
0.06 0.06 0.07 0.07 0.08 0.07 0.10 0.08 0.08 0.08 0.08
Income Tax Expense
-0.07 0.44 0.08 0.14 0.12 -0.03 0.14 -0.16 0.34 1.38 -0.84
Basic Earnings per Share
($0.01) $0.09 $0.00 $0.01 $0.02 ($0.01) ($0.03) ($0.01) $0.12 ($0.07) $0.21
Weighted Average Basic Shares Outstanding
14.47M 14.29M 14.08M 14.18M 13.71M 13.50M 13.02M 13.34M 12.97M 12.76M 12.56M
Diluted Earnings per Share
($0.01) $0.09 $0.00 $0.01 $0.02 ($0.01) ($0.03) ($0.01) $0.12 ($0.07) $0.21
Weighted Average Diluted Shares Outstanding
14.47M 14.29M 14.08M 14.18M 13.71M 13.50M 13.02M 13.34M 12.97M 12.77M 12.59M
Weighted Average Basic & Diluted Shares Outstanding
14.26M 14.13M 13.91M 11.61M 13.87M 13.87M 13.15M 10.89M 12.79M 10.48M 12.40M

Annual Cash Flow Statements for U.S. Global Investors

This table details how cash moves in and out of U.S. Global Investors' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Net Change in Cash & Equivalents
-2.40 0.49 -0.04 2.41 -3.28 0.47 12 7.88 3.09 2.00 -2.85
Net Cash From Operating Activities
-0.67 3.03 0.69 -0.03 -1.08 -1.95 4.77 11 2.91 0.99 -0.82
Net Cash From Continuing Operating Activities
-0.67 3.03 0.69 -0.03 -1.08 -1.95 4.77 11 2.91 0.99 -0.82
Net Income / (Loss) Continuing Operations
-3.98 -3.70 -0.54 0.69 -3.29 -4.46 32 3.44 3.15 1.33 -0.33
Consolidated Net Income / (Loss)
-3.98 -3.70 -0.54 0.69 -3.44 -4.80 32 3.44 3.15 1.33 -0.33
Depreciation Expense
0.33 0.32 0.25 0.24 0.21 0.20 0.37 -0.42 -0.25 -0.14 -0.12
Non-Cash Adjustments To Reconcile Net Income
-0.28 0.00 0.45 -0.83 2.65 2.57 -28 8.81 1.36 0.16 -0.02
Changes in Operating Assets and Liabilities, net
3.25 6.42 0.53 -0.08 -0.65 -0.26 0.78 -1.30 -1.35 -0.36 -0.35
Net Cash From Investing Activities
-0.39 -0.65 -0.16 3.06 -1.73 2.54 8.65 -1.02 2.67 4.42 1.06
Net Cash From Continuing Investing Activities
-0.39 -0.65 -0.16 3.06 -1.73 2.54 8.65 -1.02 2.67 4.42 1.06
Purchase of Property, Plant & Equipment
-0.04 -0.01 - - - 0.00 -0.07 -0.22 -0.01 -0.21 -0.01
Purchase of Investments
-1.19 -0.91 -1.31 -2.42 -1.84 -0.13 -11 -6.62 -0.66 -0.57 0.00
Sale and/or Maturity of Investments
0.84 2.27 1.15 4.17 0.11 1.92 1.41 3.01 3.35 5.44 2.31
Other Investing Activities, net
0.00 -2.00 - - - - 18 2.73 0.00 -0.23 -1.25
Net Cash From Financing Activities
-1.12 -1.83 -0.56 -0.59 -0.47 -0.12 -0.94 -1.64 -2.50 -3.41 -3.08
Net Cash From Continuing Financing Activities
-1.12 -1.83 -0.56 -0.59 -0.47 -0.12 -0.94 -1.64 -2.50 -3.41 -3.08
Repurchase of Common Equity
-0.29 -0.31 -0.11 -0.14 -0.02 -0.11 -0.31 -0.45 -1.20 -2.17 -1.99
Payment of Dividends
-0.95 -0.57 -0.46 -0.46 -0.45 -0.45 -0.64 -1.24 -1.33 -1.28 -1.21
Issuance of Debt
- - - - 0.00 0.44 - - - 0.00 0.08
Issuance of Common Equity
0.12 0.06 0.01 0.01 0.00 0.00 0.01 0.05 0.06 0.07 0.07
Other Financing Activities, net
0.00 -1.00 - - - - - 0.00 -0.03 -0.03 -0.03
Cash Interest Paid
- - - - - - - 0.00 0.00 0.00 0.00
Cash Income Taxes Paid
0.01 0.05 0.02 0.01 0.12 0.00 4.70 4.14 1.49 0.25 0.13

Quarterly Cash Flow Statements for U.S. Global Investors

This table details how cash moves in and out of U.S. Global Investors' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents
1.45 0.62 -0.01 -0.06 -0.06 -1.30 0.22 -1.71 0.03 0.64 -0.65
Net Cash From Operating Activities
0.88 0.03 -0.06 0.14 0.02 -0.40 -0.43 -0.01 -0.03 0.26 0.30
Net Cash From Continuing Operating Activities
0.88 0.03 -0.06 0.14 0.02 -0.40 -0.43 -0.01 -0.03 0.26 0.30
Net Income / (Loss) Continuing Operations
-0.18 1.23 -0.04 0.32 0.32 -0.09 -0.38 -0.18 1.51 -0.85 2.68
Consolidated Net Income / (Loss)
-0.18 1.23 -0.04 0.32 0.32 -0.09 -0.38 -0.18 1.51 -0.85 2.68
Depreciation Expense
-0.04 -0.03 -0.04 -0.04 -0.04 -0.03 -0.03 -0.02 -0.01 -0.00 0.01
Non-Cash Adjustments To Reconcile Net Income
1.01 -0.73 0.04 -0.15 -0.28 0.05 -0.00 0.21 -2.04 -0.06 -1.34
Changes in Operating Assets and Liabilities, net
0.09 -0.44 -0.02 0.01 0.02 -0.33 -0.01 -0.02 0.51 1.16 -1.05
Net Cash From Investing Activities
1.49 1.46 0.94 0.53 0.75 -0.01 1.39 -1.07 0.74 1.35 -0.12
Net Cash From Continuing Investing Activities
1.49 1.46 0.94 0.53 0.75 -0.01 1.39 -1.07 0.74 1.35 -0.12
Purchase of Property, Plant & Equipment
-0.06 -0.05 -0.07 -0.03 - - 0.00 -0.00 - - -0.02
Sale and/or Maturity of Investments
1.55 1.73 1.01 1.15 0.75 - 1.50 0.06 0.75 2.27 -0.01
Other Investing Activities, net
- - -0.00 -0.02 0.00 -0.01 0.01 -1.13 0.09 -0.90 -0.10
Net Cash From Financing Activities
-0.93 -0.87 -0.88 -0.73 -0.83 -0.89 -0.74 -0.63 -0.67 -0.96 -0.82
Net Cash From Continuing Financing Activities
-0.93 -0.87 -0.88 -0.73 -0.83 -0.89 -0.74 -0.63 -0.67 -0.96 -0.82
Repurchase of Common Equity
-0.61 -0.56 -0.58 -0.42 -0.53 -0.59 -0.45 -0.42 -0.39 -0.69 -0.55
Payment of Dividends
-0.33 -0.32 -0.32 -0.31 -0.31 -0.31 -0.30 -0.30 -0.29 -0.29 -0.28
Issuance of Common Equity
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
Other Financing Activities, net
-0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01
Cash Interest Paid
0.00 -0.00 - 0.00 0.00 - - - 0.00 - 0.00

Annual Balance Sheets for U.S. Global Investors

This table presents U.S. Global Investors' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Total Assets
31 26 26 29 24 19 62 58 56 52 48
Total Current Assets
21 18 17 17 13 11 27 38 40 40 39
Cash & Equivalents
3.51 3.99 3.96 6.36 1.47 1.94 14 22 25 27 25
Restricted Cash
0.00 1.00 1.00 1.00 1.03 1.03 - 1.00 1.00 1.00 1.00
Short-Term Investments
16 10 9.72 8.18 8.02 6.32 6.32 12 12 9.64 9.69
Note & Lease Receivable
0.00 2.00 1.95 0.04 0.20 - - - - 0.00 0.75
Accounts Receivable
1.65 0.79 0.52 1.22 0.31 0.97 - 1.80 1.25 1.05 1.04
Prepaid Expenses
0.41 0.29 0.32 0.33 0.29 0.29 0.35 0.40 0.51 0.50 0.55
Current Deferred & Refundable Income Taxes
- - - - - 0.00 2.15 0.38 0.58 0.73 1.54
Other Current Assets
- - - - - - - - - - 0.00
Plant, Property, & Equipment, net
2.74 2.47 2.21 1.97 1.71 1.51 1.38 1.37 1.14 1.15 1.10
Total Noncurrent Assets
6.64 5.71 5.84 9.84 8.94 6.77 0.67 19 14 10 7.84
Long-Term Investments
6.57 5.41 5.53 9.58 8.88 1.44 0.53 18 12 8.42 6.37
Noncurrent Note & Lease Receivables
0.00 0.21 0.23 0.20 - - 0.00 0.09 0.07 0.04 0.01
Noncurrent Deferred & Refundable Income Taxes
- - - - - - 0.00 0.87 1.92 1.83 1.27
Other Noncurrent Operating Assets
0.03 0.09 0.08 0.07 0.06 5.33 0.14 0.22 0.22 0.20 0.20
Total Liabilities & Shareholders' Equity
31 26 26 29 24 19 62 58 56 52 48
Total Liabilities
1.63 1.30 1.17 2.87 1.57 2.05 7.95 4.58 3.65 2.96 2.86
Total Current Liabilities
1.63 1.30 1.17 1.77 1.43 2.01 5.15 4.13 2.94 2.16 1.87
Accounts Payable
0.11 0.15 0.12 0.20 0.03 0.03 0.10 0.07 0.14 0.01 0.01
Accrued Expenses
0.69 0.59 0.54 0.82 0.50 1.02 1.35 1.83 1.27 1.20 1.09
Dividends Payable
0.23 0.12 0.11 0.11 0.11 0.11 0.23 0.34 0.33 0.31 0.30
Current Employee Benefit Liabilities
0.46 0.45 0.39 0.65 0.31 0.36 1.56 1.86 1.17 0.61 0.47
Other Current Liabilities
- - - - 0.00 0.05 0.04 0.03 0.03 0.03 0.01
Total Noncurrent Liabilities
0.00 0.00 0.00 1.10 0.13 0.04 2.80 0.45 0.71 0.79 0.98
Long-Term Debt
- - - - - - - - - 0.00 0.08
Capital Lease Obligations
- - - - - - - - 0.04 0.01 0.00
Noncurrent Deferred & Payable Income Tax Liabilities
- - 0.00 1.10 0.13 0.00 2.80 0.38 0.68 0.79 0.91
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
29 25 24 26 22 17 54 54 52 49 45
Total Preferred & Common Equity
29 25 24 26 22 17 54 54 52 49 45
Total Common Equity
29 25 24 26 22 17 54 54 52 49 45
Common Stock
16 16 16 16 16 16 16 17 17 17 17
Retained Earnings
14 10 9.32 9.51 7.76 2.63 34 36 38 37 36
Treasury Stock
-1.46 -1.66 -1.76 -1.88 -1.89 -1.88 -2.17 -2.60 -3.74 -5.88 -7.78
Accumulated Other Comprehensive Income / (Loss)
-0.48 -0.15 0.26 1.86 -0.21 -0.00 6.59 3.62 1.35 0.58 0.10

Quarterly Balance Sheets for U.S. Global Investors

This table presents U.S. Global Investors' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Total Assets
54 54 53 51 50 49 49 47 49
Total Current Assets
41 40 41 40 40 39 39 39 38
Cash & Equivalents
27 27 27 27 26 26 25 25 25
Restricted Cash
1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
Short-Term Investments
11 10 10 9.71 9.67 9.69 9.73 10 10
Note & Lease Receivable
- - - - 0.75 - 0.75 0.00 0.00
Accounts Receivable
1.11 1.38 1.03 0.99 1.04 1.03 1.08 1.08 1.12
Prepaid Expenses
0.34 0.26 0.64 0.36 0.70 0.65 0.40 0.66 0.66
Current Deferred & Refundable Income Taxes
0.42 0.23 0.75 0.74 0.78 0.66 1.55 0.52 0.54
Other Current Assets
- - - - - - - -0.04 -0.04
Plant, Property, & Equipment, net
1.14 1.13 1.15 1.13 1.12 1.11 1.09 1.10 1.11
Total Noncurrent Assets
12 12 11 9.81 9.01 8.35 8.74 7.47 9.76
Long-Term Investments
9.88 9.69 8.58 7.77 6.93 6.23 7.51 6.49 7.96
Noncurrent Note & Lease Receivables
0.06 0.05 0.05 0.03 0.02 0.02 0.08 0.08 0.07
Noncurrent Deferred & Refundable Income Taxes
2.29 2.13 1.84 1.80 1.86 1.90 0.95 0.65 1.48
Other Noncurrent Operating Assets
0.22 0.21 0.21 0.20 0.20 0.20 0.20 0.25 0.25
Total Liabilities & Shareholders' Equity
54 54 53 51 50 49 49 47 49
Total Liabilities
3.39 2.74 2.93 2.72 2.82 2.66 2.94 3.05 2.87
Total Current Liabilities
2.83 2.15 2.34 1.92 2.00 1.81 1.91 1.99 1.82
Accounts Payable
0.00 0.09 0.06 0.00 0.00 0.00 0.02 0.02 0.01
Accrued Expenses
1.28 1.24 1.63 1.17 1.19 1.17 1.14 1.15 1.21
Dividends Payable
0.32 0.32 0.32 0.31 0.30 0.30 0.29 0.29 0.28
Current Employee Benefit Liabilities
1.20 0.47 0.31 0.40 0.49 0.33 0.43 0.51 0.29
Other Current Liabilities
0.03 0.03 0.03 0.03 0.03 0.02 0.03 0.03 0.03
Total Noncurrent Liabilities
0.56 0.59 0.59 0.80 0.82 0.85 1.03 1.06 1.05
Long-Term Debt
- - - - - - 0.08 0.08 0.08
Capital Lease Obligations
0.03 0.02 0.02 0.00 0.00 0.00 0.07 0.06 0.05
Noncurrent Deferred & Payable Income Tax Liabilities
0.53 0.57 0.57 0.80 0.82 0.85 0.89 0.93 0.93
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
51 51 50 48 47 46 46 44 46
Total Preferred & Common Equity
51 51 50 48 47 46 46 44 46
Total Common Equity
51 51 50 48 47 46 46 44 46
Common Stock
17 17 17 17 17 17 17 17 17
Retained Earnings
37 38 38 37 37 36 37 36 38
Treasury Stock
-4.34 -4.89 -5.46 -6.39 -6.96 -7.39 -8.17 -8.82 -9.34
Accumulated Other Comprehensive Income / (Loss)
1.13 0.96 0.83 0.44 0.31 0.18 0.04 0.00 0.00

Annual Metrics And Ratios for U.S. Global Investors

This table displays calculated financial ratios and metrics derived from U.S. Global Investors' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
DEI Shares Outstanding
15,381,441.00 15,333,717.00 15,333,717.00 15,144,562.00 15,129,724.00 15,032,854.00 15,047,110.00 14,985,621.00 12,509,775.00 13,912,844.00 13,146,080.00
DEI Adjusted Shares Outstanding
15,381,441.00 15,333,717.00 15,333,717.00 15,144,562.00 15,129,724.00 15,032,854.00 15,047,110.00 14,985,621.00 12,509,775.00 13,912,844.00 13,146,080.00
DEI Earnings Per Adjusted Shares Outstanding
-0.26 -0.24 -0.03 0.04 - -0.31 2.12 0.23 0.25 0.10 -0.03
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-14.07% -24.93% 22.85% -7.42% -44.75% 29.40% 383.78% 14.13% -39.01% -27.13% -23.05%
EBITDA Growth
-5.37% -21.38% 83.94% -230.81% -260.17% 71.79% 516.65% 25.87% -67.78% -110.45% -653.53%
EBIT Growth
-7.02% -19.08% 79.09% -156.82% -239.03% 69.93% 463.47% 36.57% -66.80% -106.08% -1,059.39%
NOPAT Growth
-7.02% -19.08% 79.09% -191.16% -199.04% 68.39% 514.39% 10.39% -64.67% -112.29% -525.58%
Net Income Growth
-312.88% 6.87% 85.31% 226.65% 0.00% 0.00% 765.58% -89.24% -8.46% -57.67% -125.06%
EPS Growth
-333.33% 7.69% 87.50% 233.33% 0.00% 0.00% 783.87% -89.15% -4.35% -59.09% -133.33%
Operating Cash Flow Growth
95.58% 551.34% -77.25% -104.93% -3,061.76% -81.58% 344.16% 121.04% -72.38% -65.98% -183.03%
Free Cash Flow Firm Growth
48.50% -179.68% 94.68% 775.38% -511.63% -13.74% 358.84% -82.10% -60.43% -166.53% -291.74%
Invested Capital Growth
-22.28% 29.02% -8.59% -75.25% 51.99% 311.67% -156.29% 124.00% 167.79% 20.12% 38.35%
Revenue Q/Q Growth
-23.58% 18.18% -2.38% -1.73% -18.30% 9.76% 41.48% -7.10% -12.40% -7.34% -5.36%
EBITDA Q/Q Growth
-173.67% 18.10% -37.17% -125.88% -109.50% 78.15% 53.14% -14.99% -41.06% -218.71% -25.48%
EBIT Q/Q Growth
-137.60% 17.04% -21.42% -94.45% -102.80% 76.53% 39.84% -9.17% -39.81% -149.67% -28.01%
NOPAT Q/Q Growth
-137.60% 17.04% -154.98% -123.26% -131.67% 75.33% 17.31% -38.41% 0.99% -313.79% -183.96%
Net Income Q/Q Growth
0.00% 32.73% -9,166.67% 170.20% 0.00% 0.00% 0.00% -62.83% 281.23% -19.07% -306.17%
EPS Q/Q Growth
0.00% 31.43% 0.00% 300.00% 0.00% 0.00% 0.00% 0.00% 266.67% -30.77% -200.00%
Operating Cash Flow Q/Q Growth
-175.85% 12,232.00% -80.40% -101.61% 61.06% -19.83% 253.30% -12.02% -27.54% -12.70% -22.50%
Free Cash Flow Firm Q/Q Growth
-88.45% -179.50% 90.84% -7.06% -423.66% 0.39% 33.33% 7,829.98% -81.69% -270.53% -259.52%
Invested Capital Q/Q Growth
-25.18% 71.10% -11.07% -57.12% 24.96% 466.09% 36.56% -86.67% -11.30% -6.52% 23.25%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
26.37% 10.66% 44.49% 31.80% 100.00% 36.55% 65.97% 75.48% 68.17% 56.28% 41.66%
EBITDA Margin
-43.37% -70.12% -9.17% -32.76% -213.56% -46.56% 40.10% 44.22% 23.36% -3.35% -32.81%
Operating Margin
-47.82% -75.86% -12.91% -36.54% -219.75% -53.69% 37.71% 44.97% 23.38% -4.37% -35.33%
EBIT Margin
-47.82% -75.86% -12.91% -35.81% -219.75% -51.07% 38.37% 45.92% 24.99% -2.08% -31.41%
Profit (Net Income) Margin
-54.22% -67.27% -8.04% 11.00% 0.00% -107.28% 147.60% 13.92% 20.89% 12.14% -3.95%
Tax Burden Percent
129.39% 100.33% 103.23% 77.77% 0.00% 103.51% 85.37% 69.24% 77.12% 69.61% 127.48%
Interest Burden Percent
87.62% 88.39% 60.37% -39.52% 100.00% 202.93% 450.57% 43.78% 108.39% -836.24% 9.87%
Effective Tax Rate
0.00% 0.00% 0.00% 22.23% 0.00% 0.00% 14.63% 30.76% 22.88% 30.39% 0.00%
Return on Invested Capital (ROIC)
-59.46% -70.69% -13.70% -66.98% -400.66% -41.04% 483.56% 0.00% 165.92% -12.72% -61.20%
ROIC Less NNEP Spread (ROIC-NNEP)
-54.09% -67.30% -14.04% -77.92% -424.00% -20.75% 410.28% 0.00% 165.08% -16.20% -65.22%
Return on Net Nonoperating Assets (RNNOA)
47.20% 57.03% 11.50% 69.71% 400.66% 16.38% -393.64% 0.00% -159.97% 15.36% 60.49%
Return on Equity (ROE)
-12.26% -13.67% -2.20% 2.73% 0.00% -24.66% 89.92% 6.36% 5.95% 2.64% -0.71%
Cash Return on Invested Capital (CROIC)
-34.39% -96.04% -4.73% 53.67% -441.92% -162.87% 0.00% 347.02% 74.68% -31.00% -93.37%
Operating Return on Assets (OROA)
-10.22% -14.62% -3.37% -8.23% -28.86% -10.74% 20.49% 18.81% 6.61% -0.43% -5.31%
Return on Assets (ROA)
-11.59% -12.97% -2.10% 2.53% 0.00% -22.57% 78.83% 5.70% 5.52% 2.48% -0.67%
Return on Common Equity (ROCE)
-12.03% -13.39% -2.16% 2.68% 0.00% -24.37% 89.92% 6.36% 5.95% 2.64% -0.71%
Return on Equity Simple (ROE_SIMPLE)
-13.92% -15.10% -2.28% 2.70% -15.84% -28.64% 58.83% 6.40% 6.05% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
-2.45 -2.92 -0.61 -1.78 -5.32 -1.68 6.97 7.69 2.72 -0.33 -2.09
NOPAT Margin
-33.48% -53.10% -9.04% -28.42% -153.82% -37.58% 32.19% 31.14% 18.04% -3.04% -24.73%
Net Nonoperating Expense Percent (NNEP)
-5.38% -3.40% 0.33% 10.95% 23.35% -20.29% 73.28% -7.67% 0.84% 3.48% 4.02%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - - - -0.68% -4.62%
Cost of Revenue to Revenue
73.63% 89.34% 55.51% 68.20% 0.00% 63.45% 34.03% 24.52% 31.83% 43.72% 58.34%
SG&A Expenses to Revenue
67.90% 76.93% 51.66% 61.75% 0.00% 81.84% 26.34% 27.96% 40.61% 55.16% 68.56%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
74.20% 86.52% 57.40% 68.34% 319.75% 90.24% 28.26% 30.52% 44.79% 60.65% 76.99%
Earnings before Interest and Taxes (EBIT)
-3.51 -4.18 -0.87 -2.24 -7.60 -2.29 8.31 11 3.77 -0.23 -2.66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-3.18 -3.86 -0.62 -2.05 -7.39 -2.08 8.68 11 3.52 -0.37 -2.77
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.24 0.00 0.00 0.83 1.12 1.55 1.57 1.15 0.71 0.71 0.75
Price to Tangible Book Value (P/TBV)
1.24 0.00 0.00 0.83 1.12 1.55 1.57 1.15 0.71 0.71 0.75
Price to Revenue (P/Rev)
4.82 0.00 0.00 3.39 7.05 5.80 3.94 2.49 2.45 3.16 4.02
Price to Earnings (P/E)
0.00 0.00 0.00 32.81 0.00 0.00 2.67 17.92 11.71 26.08 0.00
Dividend Yield
2.61% 2.61% 2.30% 2.14% 1.86% 1.74% 0.75% 2.01% 3.56% 3.60% 3.48%
Earnings Yield
0.00% 0.00% 0.00% 3.05% 0.00% 0.00% 37.44% 5.58% 8.54% 3.84% 0.00%
Enterprise Value to Invested Capital (EV/IC)
2.82 0.00 0.00 0.00 3.41 2.38 0.00 9.44 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
1.39 0.00 0.00 0.00 1.58 3.50 2.96 0.34 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 7.38 0.77 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 7.71 0.74 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 9.19 1.09 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 13.45 0.80 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 3.71 2.72 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
-0.87 -0.85 -0.82 -0.89 -0.94 -0.79 -0.96 -1.03 -0.97 -0.95 -0.93
Leverage Ratio
1.06 1.05 1.05 1.08 1.09 1.09 1.14 1.12 1.08 1.07 1.06
Compound Leverage Factor
0.93 0.93 0.63 -0.43 1.09 2.22 5.14 0.49 1.17 -8.91 0.10
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 2.57% 0.00% 0.00% 0.07% 0.02% 0.17%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 2.57% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.02% 0.17%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
1.97% 2.07% 1.99% 1.99% 2.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
98.03% 97.93% 98.01% 98.01% 97.89% 97.43% 100.00% 100.00% 99.93% 99.98% 99.83%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 -0.21 0.00 0.00 0.01 -0.02 -0.03
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 4.93 0.00 0.00 -14.19 126.23 14.98
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 -0.02 -0.03
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 -0.26 0.00 0.00 0.01 -0.02 -0.04
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 6.11 0.00 0.00 -18.38 139.03 19.87
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 -0.02 -0.04
Altman Z-Score
14.31 0.00 0.00 5.49 9.49 8.16 8.41 10.70 8.30 9.14 9.10
Noncontrolling Interest Sharing Ratio
1.86% 2.02% 2.03% 1.99% 2.04% 1.20% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
13.15 13.98 14.98 9.66 9.14 5.25 5.20 9.20 13.74 18.63 20.87
Quick Ratio
12.78 12.99 13.85 8.91 6.98 4.60 4.03 8.77 13.03 17.60 19.23
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-1.42 -3.97 -0.21 1.43 -5.87 -6.68 17 3.09 1.22 -0.81 -3.19
Operating Cash Flow to CapEx
-1,680.00% 23,330.77% 0.00% 0.00% 0.00% 0.00% 6,528.77% 4,788.64% 20,785.71% 464.79% -11,742.86%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.21 0.19 0.26 0.23 0.13 0.21 0.53 0.41 0.26 0.20 0.17
Accounts Receivable Turnover
3.52 4.51 10.35 7.21 4.54 6.98 0.00 0.00 9.91 9.58 8.12
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
2.55 2.12 2.89 2.99 1.88 2.79 15.03 18.00 12.02 9.58 7.50
Accounts Payable Turnover
32.43 37.54 28.23 27.03 0.00 94.67 112.50 69.25 44.43 61.17 410.92
Days Sales Outstanding (DSO)
103.68 80.89 35.27 50.60 80.46 52.31 0.00 0.00 36.82 38.08 44.98
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
11.26 9.72 12.93 13.51 0.00 3.86 3.24 5.27 8.22 5.97 0.89
Cash Conversion Cycle (CCC)
92.43 71.17 22.34 37.10 80.46 48.46 -3.24 -5.27 28.60 32.12 44.09
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
3.61 4.66 4.26 1.05 1.60 6.60 -3.71 0.89 2.39 2.87 3.97
Invested Capital Turnover
1.78 1.33 1.52 2.36 2.60 1.09 15.02 -17.52 9.20 4.18 2.47
Increase / (Decrease) in Invested Capital
-1.04 1.05 -0.40 -3.21 0.55 4.99 -10 4.60 1.50 0.48 1.10
Enterprise Value (EV)
10 0.00 0.00 -3.37 5.47 16 64 8.41 -13 -12 -7.57
Market Capitalization
35 0.00 0.00 21 24 26 85 62 37 35 34
Book Value per Share
$1.86 $1.60 $1.57 $1.69 $1.44 $1.12 $3.61 $3.59 $4.16 $3.52 $3.44
Tangible Book Value per Share
$1.85 $1.60 $1.57 $1.69 $1.44 $1.12 $3.61 $3.59 $4.16 $3.52 $3.44
Total Capital
29 25 24 26 22 17 54 54 52 49 45
Total Debt
0.00 0.00 0.00 0.00 0.00 0.44 0.00 0.00 0.04 0.01 0.08
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.01 0.08
Net Debt
-26 -21 -20 -25 -19 -10 -21 -53 -50 -46 -42
Capital Expenditures (CapEx)
0.04 0.01 0.00 0.00 0.00 0.00 0.07 0.22 0.01 0.21 0.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.62 1.78 1.62 -0.19 1.15 -0.31 0.88 -1.55 -0.61 0.11 2.00
Debt-free Net Working Capital (DFNWC)
20 17 16 15 12 8.98 22 34 37 38 37
Net Working Capital (NWC)
20 17 16 15 12 8.53 22 34 37 38 37
Net Nonoperating Expense (NNE)
1.52 0.78 -0.07 -2.47 -5.32 3.12 -25 4.25 -0.43 -1.67 -1.76
Net Nonoperating Obligations (NNO)
-26 -20 -20 -25 -21 -10 -58 -53 -50 -46 -41
Total Depreciation and Amortization (D&A)
0.33 0.32 0.25 0.19 0.21 0.20 0.37 -0.42 -0.25 -0.14 -0.12
Debt-free, Cash-free Net Working Capital to Revenue
8.45% 32.28% 23.97% -3.10% 33.22% -6.88% 4.05% -6.28% -4.03% 1.00% 23.67%
Debt-free Net Working Capital to Revenue
269.56% 306.52% 241.00% 245.15% 337.12% 200.51% 99.91% 137.17% 248.34% 347.35% 440.66%
Net Working Capital to Revenue
269.56% 306.52% 241.00% 245.15% 337.12% 190.64% 99.91% 137.17% 248.34% 347.35% 440.66%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.26) ($0.24) ($0.03) $0.04 ($0.22) $0.00 $2.12 $0.00 $0.22 $0.09 ($0.03)
Adjusted Weighted Average Basic Shares Outstanding
15.40M 15.29M 15.21M 15.16M 15.14M 15.11M 15.07M 0.00 14.64M 14.18M 13.34M
Adjusted Diluted Earnings per Share
($0.26) ($0.24) ($0.03) $0.04 ($0.22) $0.00 $2.12 $0.00 $0.22 $0.09 ($0.03)
Adjusted Weighted Average Diluted Shares Outstanding
15.40M 15.29M 15.21M 15.16M 15.14M 15.11M 15.07M 0.00 14.64M 14.18M 13.34M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
15.33M 15.24M 15.18M 15.14M 15.13M 15.11M 0.00 0.00 0.00 11.61M 10.89M
Normalized Net Operating Profit after Tax (NOPAT)
-2.45 -2.92 -0.61 -1.78 -5.32 -1.68 6.97 7.69 2.72 -0.33 -2.09
Normalized NOPAT Margin
-33.48% -53.10% -9.04% -28.42% -153.82% -37.58% 32.19% 31.14% 18.04% -3.04% -24.73%
Pre Tax Income Margin
-41.91% -67.05% -7.79% 14.15% -219.75% -103.64% 172.89% 20.10% 27.09% 17.43% -3.10%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
-23.92% -15.50% -83.82% 66.04% 0.00% -9.41% 2.00% 36.02% 42.33% 95.87% -361.68%
Augmented Payout Ratio
-31.26% -23.95% -104.78% 86.50% 0.00% -11.77% 2.98% 49.16% 80.28% 258.81% -957.19%

Quarterly Metrics And Ratios for U.S. Global Investors

This table displays calculated financial ratios and metrics derived from U.S. Global Investors' official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding
12,509,775.00 14,255,903.00 14,127,529.00 13,912,844.00 11,612,094.00 13,866,999.00 13,866,999.00 13,146,080.00 10,893,122.00 - 10,484,211.00
DEI Adjusted Shares Outstanding
12,509,775.00 14,255,903.00 14,127,529.00 13,912,844.00 11,612,094.00 13,866,999.00 13,866,999.00 13,146,080.00 10,893,122.00 - 10,484,211.00
DEI Earnings Per Adjusted Shares Outstanding
-0.01 0.09 0.00 0.02 0.03 -0.01 -0.03 -0.01 0.14 - 0.26
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-28.99% -24.41% -28.45% -26.28% -31.15% -20.83% -18.90% -19.63% 4.36% 12.51% 31.34%
EBITDA Growth
-85.09% -75.42% -162.14% -217.31% -321.79% -327.03% -79.26% -153.83% 14.84% 98.41% 121.68%
EBIT Growth
-83.48% -74.33% -153.10% -191.67% -276.84% -288.76% -88.81% -176.06% 9.98% 98.72% 121.19%
NOPAT Growth
-66.68% -79.99% -29.74% -226.90% -368.35% -366.22% -246.39% -149.93% -4.21% 136.88% 120.56%
Net Income Growth
-432.08% 45.10% -102.16% -49.92% 278.98% -107.00% -991.43% -157.46% 378.41% -883.72% 800.79%
EPS Growth
0.00% 50.00% -100.00% -80.00% 300.00% -111.11% 0.00% -200.00% 500.00% -600.00% 800.00%
Operating Cash Flow Growth
-24.77% 155.32% -103.80% -51.25% -98.19% -1,634.62% -645.61% -110.22% -300.00% 164.16% 169.41%
Free Cash Flow Firm Growth
-114.96% 116.28% -98.89% 40.51% 45.90% -380.27% -1,621.76% -136.66% -60.62% 282.04% 180.08%
Invested Capital Growth
140.70% -10.04% 13.98% 20.12% 12.50% 31.94% 4.93% 38.35% 25.82% -57.94% -15.32%
Revenue Q/Q Growth
-5.35% -10.05% -7.98% -5.90% -11.60% 3.43% -5.74% -6.75% 14.79% 11.51% 10.04%
EBITDA Q/Q Growth
-25.00% -5.13% -306.31% 20.09% -41.80% 2.89% -62.90% -13.15% 52.42% 98.19% 2,325.00%
EBIT Q/Q Growth
-24.44% -8.46% -268.67% 21.43% -45.76% 2.29% -68.72% -14.88% 52.47% 98.61% 2,900.00%
NOPAT Q/Q Growth
-31.47% -5.83% 201.29% -165.26% -44.92% 6.58% -65.68% -11.42% 39.57% 133.06% -7.64%
Net Income Q/Q Growth
-127.98% 798.30% -102.85% 1,000.00% 0.00% -127.30% -344.19% 52.62% 932.60% -156.14% 416.43%
EPS Q/Q Growth
-120.00% 1,000.00% -100.00% 0.00% 100.00% -150.00% -200.00% 66.67% 1,300.00% -158.33% 400.00%
Operating Cash Flow Q/Q Growth
214.59% -97.06% -319.23% 340.35% -88.32% -2,593.75% -6.52% 96.71% -128.57% 900.00% 15.23%
Free Cash Flow Firm Q/Q Growth
-4.48% 135.70% -89.28% -1,587.61% 4.98% -84.96% 41.79% -131.35% 35.51% 309.62% -74.39%
Invested Capital Q/Q Growth
6.33% 17.97% 2.44% -6.52% -0.42% 38.37% -18.54% 23.25% -9.43% -53.75% 64.00%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
59.34% 65.86% 53.37% 44.39% 49.88% 45.05% 38.66% 31.97% 47.49% 49.36% 58.47%
EBITDA Margin
7.47% 7.88% -17.66% -15.00% -24.06% -22.59% -39.04% -47.37% -19.64% -0.32% 6.44%
Operating Margin
6.86% 6.81% -18.82% -16.35% -25.92% -24.16% -42.46% -50.74% -22.88% -3.51% 3.19%
EBIT Margin
8.68% 8.84% -16.20% -13.52% -22.30% -21.07% -37.71% -46.46% -19.24% -0.24% 6.08%
Profit (Net Income) Margin
-5.62% 43.61% -1.35% 12.91% 14.60% -3.85% -18.16% -9.23% 66.95% -33.71% 96.92%
Tax Burden Percent
73.03% 73.81% -87.50% 69.84% 72.25% 74.14% 155.92% 53.71% 81.72% -158.13% 146.04%
Interest Burden Percent
-88.60% 668.67% -9.52% -136.67% -90.64% 24.68% 30.90% 36.99% -425.87% -8,916.67% 1,091.07%
Effective Tax Rate
0.00% 26.19% 187.50% 30.16% 27.75% 0.00% 0.00% 0.00% 18.28% 258.13% -46.04%
Return on Invested Capital (ROIC)
36.91% 20.51% 67.83% -47.77% -69.52% -45.90% -84.50% -87.89% -49.59% 17.44% 14.86%
ROIC Less NNEP Spread (ROIC-NNEP)
37.54% 18.26% 68.78% -49.01% -71.05% -46.54% -85.05% -89.07% -53.97% 19.74% 8.94%
Return on Net Nonoperating Assets (RNNOA)
-36.28% -17.15% -64.93% 46.46% 67.19% 43.25% 79.48% 82.61% 50.28% -18.53% -8.37%
Return on Equity (ROE)
0.63% 3.36% 2.90% -1.31% -2.33% -2.65% -5.03% -5.28% 0.70% -1.08% 6.49%
Cash Return on Invested Capital (CROIC)
13.26% 46.08% -7.63% -31.00% -44.50% -63.43% -28.24% -93.37% -91.22% 76.73% -24.82%
Operating Return on Assets (OROA)
2.11% 2.10% -3.54% -2.76% -4.24% -3.83% -6.63% -7.85% -3.29% -0.04% 1.18%
Return on Assets (ROA)
-1.37% 10.35% -0.29% 2.63% 2.78% -0.70% -3.20% -1.56% 11.44% -6.11% 18.82%
Return on Common Equity (ROCE)
0.63% 3.36% 2.90% -1.31% -2.33% -2.65% -5.03% -5.28% 0.70% -1.08% 6.49%
Return on Equity Simple (ROE_SIMPLE)
5.76% 6.49% 3.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
0.15 0.14 0.43 -0.28 -0.40 -0.38 -0.63 -0.70 -0.42 0.14 0.13
NOPAT Margin
4.80% 5.03% 16.47% -11.42% -18.72% -16.91% -29.72% -35.52% -18.70% 5.54% 4.65%
Net Nonoperating Expense Percent (NNEP)
-0.64% 2.24% -0.95% 1.24% 1.53% 0.64% 0.54% 1.18% 4.39% -2.30% 5.91%
Return On Investment Capital (ROIC_SIMPLE)
- 0.28% 0.86% -0.57% -0.84% -0.80% -1.36% -1.54% -0.91% 0.31% 0.28%
Cost of Revenue to Revenue
40.66% 34.14% 46.63% 55.61% 50.12% 54.95% 61.34% 68.03% 52.51% 50.64% 41.53%
SG&A Expenses to Revenue
47.91% 52.87% 66.83% 54.71% 69.68% 62.44% 69.04% 73.79% 62.64% 47.25% 51.05%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
52.47% 59.05% 72.19% 60.74% 75.80% 69.21% 81.12% 82.71% 70.37% 52.87% 55.29%
Earnings before Interest and Taxes (EBIT)
0.27 0.25 -0.42 -0.33 -0.48 -0.47 -0.79 -0.91 -0.43 -0.01 0.17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
0.23 0.22 -0.46 -0.37 -0.52 -0.50 -0.82 -0.93 -0.44 -0.01 0.18
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.68 0.76 0.76 0.71 0.59 0.68 0.65 0.75 0.65 0.69 0.56
Price to Tangible Book Value (P/TBV)
0.68 0.76 0.76 0.71 0.59 0.68 0.65 0.75 0.65 0.69 0.56
Price to Revenue (P/Rev)
2.49 3.00 3.19 3.16 2.86 3.44 3.36 4.02 3.48 3.47 2.73
Price to Earnings (P/E)
11.74 11.69 22.93 26.08 15.71 63.63 185.42 0.00 34.70 312.74 8.19
Dividend Yield
3.83% 3.32% 3.37% 3.60% 3.65% 3.85% 4.15% 3.48% 3.29% 3.76% 3.65%
Earnings Yield
8.52% 8.55% 4.36% 3.84% 6.36% 1.57% 0.54% 0.00% 2.88% 0.32% 12.21%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
-0.97 -0.94 -0.94 -0.95 -0.95 -0.93 -0.93 -0.93 -0.93 -0.94 -0.94
Leverage Ratio
1.07 1.05 1.06 1.07 1.06 1.06 1.06 1.06 1.06 1.06 1.06
Compound Leverage Factor
-0.94 7.03 -0.10 -1.46 -0.96 0.26 0.33 0.39 -4.51 -94.89 11.57
Debt to Total Capital
0.06% 0.05% 0.03% 0.02% 0.00% 0.00% 0.00% 0.17% 0.31% 0.30% 0.28%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.06% 0.05% 0.03% 0.02% 0.00% 0.00% 0.00% 0.17% 0.31% 0.30% 0.28%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
99.94% 99.95% 99.97% 99.98% 100.00% 100.00% 100.00% 99.83% 99.69% 99.70% 99.73%
Debt to EBITDA
0.01 0.02 0.05 -0.02 0.00 0.00 0.00 -0.03 -0.05 -0.06 -0.11
Net Debt to EBITDA
-22.18 -32.04 -151.93 126.23 0.00 0.00 0.00 14.98 15.83 19.45 36.31
Long-Term Debt to EBITDA
0.01 0.02 0.05 -0.02 0.00 0.00 0.00 -0.03 -0.05 -0.06 -0.11
Debt to NOPAT
0.02 0.02 0.10 -0.02 0.00 0.00 0.00 -0.04 -0.06 -0.99 -0.10
Net Debt to NOPAT
-28.17 -42.98 -301.35 139.03 0.00 0.00 0.00 19.87 19.38 315.03 35.45
Long-Term Debt to NOPAT
0.02 0.02 0.10 -0.02 0.00 0.00 0.00 -0.04 -0.06 -0.99 -0.10
Altman Z-Score
8.13 10.55 9.82 9.13 8.42 8.99 8.88 9.22 8.20 8.22 7.59
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
14.32 18.78 17.49 18.63 20.96 19.98 21.69 20.87 20.51 19.42 20.91
Quick Ratio
13.70 18.08 16.47 17.60 19.86 18.74 20.41 19.23 18.96 18.34 19.72
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-1.33 0.48 0.05 -0.76 -0.72 -1.33 -0.78 -1.80 -1.16 2.43 0.62
Operating Cash Flow to CapEx
1,498.31% 50.00% -83.82% 402.94% 0.00% 0.00% 0.00% -1,400.00% 0.00% 0.00% 1,475.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.24 0.24 0.22 0.20 0.19 0.18 0.18 0.17 0.17 0.18 0.19
Accounts Receivable Turnover
10.28 9.16 10.07 9.58 9.53 7.82 8.67 8.12 8.27 8.34 8.81
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
11.23 10.81 10.08 9.58 8.83 8.38 7.88 7.50 7.69 7.94 8.54
Accounts Payable Turnover
0.00 53.74 48.94 61.17 0.00 0.00 167.93 410.92 419.33 0.00 1,409.71
Days Sales Outstanding (DSO)
35.52 39.86 36.24 38.08 38.29 46.71 42.10 44.98 44.16 43.78 41.41
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 6.79 7.46 5.97 0.00 0.00 2.17 0.89 0.87 0.00 0.26
Cash Conversion Cycle (CCC)
35.52 33.06 28.78 32.12 38.29 46.71 39.92 44.09 43.29 43.78 41.15
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
2.54 2.99 3.07 2.87 2.85 3.95 3.22 3.97 3.59 1.66 2.72
Invested Capital Turnover
7.68 4.08 4.12 4.18 3.71 2.71 2.84 2.47 2.65 3.15 3.19
Increase / (Decrease) in Invested Capital
1.48 -0.33 0.38 0.48 0.32 0.96 0.15 1.10 0.74 -2.29 -0.49
Enterprise Value (EV)
-14 -9.62 -9.34 -12 -17 -11 -13 -7.57 -13 -12 -18
Market Capitalization
34 39 38 35 29 32 30 34 30 31 26
Book Value per Share
$4.05 $3.57 $3.53 $3.52 $4.17 $3.41 $3.32 $3.44 $3.55 $3.45 $4.39
Tangible Book Value per Share
$4.05 $3.57 $3.53 $3.52 $4.17 $3.41 $3.32 $3.44 $3.55 $3.45 $4.39
Total Capital
51 51 50 49 48 47 46 45 46 44 46
Total Debt
0.03 0.02 0.02 0.01 0.00 0.00 0.00 0.08 0.14 0.13 0.13
Total Long-Term Debt
0.03 0.02 0.02 0.01 0.00 0.00 0.00 0.08 0.14 0.13 0.13
Net Debt
-48 -48 -47 -46 -46 -44 -43 -42 -43 -43 -44
Capital Expenditures (CapEx)
0.06 0.05 0.07 0.03 0.00 0.00 -0.00 0.00 0.00 0.00 0.02
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-0.96 -0.28 0.07 0.11 0.18 1.26 0.53 2.00 1.87 0.22 0.46
Debt-free Net Working Capital (DFNWC)
38 38 39 38 38 38 37 37 37 37 36
Net Working Capital (NWC)
38 38 39 38 38 38 37 37 37 37 36
Net Nonoperating Expense (NNE)
0.33 -1.09 0.46 -0.59 -0.72 -0.29 -0.24 -0.52 -1.93 0.99 -2.55
Net Nonoperating Obligations (NNO)
-48 -48 -47 -46 -46 -43 -43 -41 -42 -43 -43
Total Depreciation and Amortization (D&A)
-0.04 -0.03 -0.04 -0.04 -0.04 -0.03 -0.03 -0.02 -0.01 -0.00 0.01
Debt-free, Cash-free Net Working Capital to Revenue
-6.97% -2.20% 0.59% 1.00% 1.77% 13.37% 5.97% 23.67% 21.93% 2.53% 4.85%
Debt-free Net Working Capital to Revenue
273.15% 297.05% 325.64% 347.35% 381.95% 403.05% 419.74% 440.66% 435.22% 415.47% 382.03%
Net Working Capital to Revenue
273.15% 297.05% 325.64% 347.35% 381.95% 403.05% 419.74% 440.66% 435.22% 415.47% 382.03%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($0.01) $0.09 $0.00 $0.01 $0.02 ($0.01) ($0.03) ($0.01) $0.12 ($0.07) $0.21
Adjusted Weighted Average Basic Shares Outstanding
14.47M 14.29M 14.08M 14.18M 13.71M 13.50M 13.02M 13.34M 12.97M 12.76M 12.56M
Adjusted Diluted Earnings per Share
($0.01) $0.09 $0.00 $0.01 $0.02 ($0.01) ($0.03) ($0.01) $0.12 ($0.07) $0.21
Adjusted Weighted Average Diluted Shares Outstanding
14.47M 14.29M 14.08M 14.18M 13.71M 13.50M 13.02M 13.34M 12.97M 12.77M 12.59M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
14.26M 14.13M 13.91M 11.61M 13.87M 13.87M 13.15M 10.89M 12.79M 10.48M 12.40M
Normalized Net Operating Profit after Tax (NOPAT)
0.15 0.14 -0.34 -0.28 -0.40 -0.38 -0.63 -0.70 -0.42 -0.06 0.06
Normalized NOPAT Margin
4.80% 5.03% -13.17% -11.42% -18.72% -16.91% -29.72% -35.52% -18.70% -2.45% 2.23%
Pre Tax Income Margin
-7.69% 59.08% 1.54% 18.48% 20.21% -5.20% -11.65% -17.19% 81.92% 21.31% 66.37%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
45.31% 39.64% 78.57% 95.87% 69.08% 244.20% 756.17% -361.68% 138.93% 1,197.96% 36.68%
Augmented Payout Ratio
102.60% 99.73% 200.30% 258.81% 183.72% 661.10% 1,989.51% -957.19% 354.43% 3,180.61% 101.36%

Financials Breakdown Chart

Key Financial Trends

U.S. Global Investors (NASDAQ: GROW) delivered a mixed but improving picture in the most recent quarter. The company posted a strong rebound in revenue and net income in Q3 2026, but the underlying business remains highly dependent on investment income rather than core operating profits. The balance sheet is still liquid and lightly levered, though assets and shareholder equity have edged lower versus a year ago.

  • Q3 2026 revenue jumped to $2.76 million from $2.51 million in Q2 2026 and $2.10 million in Q3 2025, showing a clear sequential and year-over-year improvement.
  • Net income improved sharply to $2.68 million in Q3 2026, compared with a loss of $846,000 in Q2 2026 and a loss of $382,000 in Q3 2025.
  • Operating cash flow turned positive in Q3 2026 at $295,000, a major improvement from negative $32,000 in Q1 2026 and negative $14,000 in Q4 2025.
  • Cash and investments remain substantial, with $24.6 million in cash and equivalents, $10.2 million in short-term investments, and $8.0 million in long-term investments at the end of Q3 2026.
  • Debt remains very low, with only $75,000 of long-term debt and $52,000 of capital lease obligations in Q3 2026.
  • Shareholder equity stayed strong at $46.0 million, providing a sizable cushion relative to liabilities.
  • Interest and investment income continues to drive results; Q3 2026 saw $1.67 million of interest and investment income, meaning earnings are still more tied to market returns than to operating momentum.
  • Operating margins remain thin; Q3 2026 operating income was only $88,000, showing the core business itself is still only modestly profitable.
  • Cash and equivalents declined to $24.6 million from $25.2 million in Q2 2026 and $27.3 million in Q1 2025, reflecting ongoing cash use for dividends, buybacks, and operations.
  • Q3 2026 financing activity used $823,000 of cash, driven mainly by share repurchases and dividends, which can pressure liquidity if operating cash generation softens.

Bottom line: GROW’s latest quarter looks meaningfully better than the prior few periods, but the business still has a narrow operating base and relies heavily on investment income to produce profits. The balance sheet is still clean and liquid, which supports the dividend and buyback strategy, but investors should watch whether the recent earnings rebound can be sustained without favorable market-related income.

07/21/26 08:54 PM ETAI Generated. May Contain Errors.

U.S. Global Investors Financials - Frequently Asked Questions

According to the most recent income statement we have on file, U.S. Global Investors' fiscal year ends in June. Their fiscal year 2025 ended on June 30, 2025.

U.S. Global Investors' net income appears to be on an upward trend, with a most recent value of -$334 thousand in 2025, falling from -$3.98 million in 2015. The previous period was $1.33 million in 2024. Find out what analysts predict for U.S. Global Investors in the coming months.

U.S. Global Investors' total operating income in 2025 was -$2.99 million, based on the following breakdown:
  • Total Gross Profit: $3.52 million
  • Total Operating Expenses: $6.51 million

Over the last 10 years, U.S. Global Investors' total revenue changed from $7.33 million in 2015 to $8.45 million in 2025, a change of 15.3%.

U.S. Global Investors' total liabilities were at $2.86 million at the end of 2025, a 3.4% decrease from 2024, and a 75.6% increase since 2015.

In the past 10 years, U.S. Global Investors' cash and equivalents has ranged from $1.47 million in 2019 to $27.40 million in 2024, and is currently $24.55 million as of their latest financial filing in 2025.

Over the last 10 years, U.S. Global Investors' book value per share changed from 1.86 in 2015 to 3.44 in 2025, a change of 85.1%.



Financial statements for NASDAQ:GROW last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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