GROW · U S GLOBAL INVESTORS INC
U.S. Global Investors, Inc. is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm manages and launches equity/balanced funds, fixed income funds and other funds. It also manages hedge funds. The firm primarily invests in no-load mutual funds and exchange traded funds (ETFs). U.S. Global Investors, Inc. is based in San Antonio, Texas.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $2.99 |
| SO | 10.5M |
| Options | 0.0M |
| Warrants | 0.0M |
| FD SO | 10.5M |
| MC | $31.4M |
| Cash | $24.6M |
| Total debt | $0.2M |
| EV | $7.0M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 0.7x |
| EV / EBITDA | — |
| MC / Net Income | 9.9x |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 44.7% |
| Insiders | 5.8% |
| # Institutions | 42 |
| Analysts | 0 |
| Consensus | — |
| Avg target | — |
| Short % float | 0.2% |
| Days to cover | 0.49 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-02-12. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 2.76 | 2.51 | 2.25 | 1.96 |
| Revenue YoY % | 31.3% | 12.5% | 4.4% | (19.7%) |
| Gross Profit | 1.50 | 1.10 | 0.90 | 0.45 |
| Gross Profit YoY % | 168.0% | 28.6% | (5.2%) | (51.7%) |
| Gross Margin % | 54.2% | 43.7% | 39.8% | 23.1% |
| SG&A | 1.41 | 1.19 | 1.41 | 1.45 |
| Operating Income | 0.09 | (0.09) | (0.52) | (1.00) |
| Operating Income YoY % | 109.9% | 83.7% | 7.9% | (150.3%) |
| Operating Margin % | 3.2% | (3.5%) | (22.9%) | (50.8%) |
| EBITDA | 0.10 | (0.08) | (0.50) | (0.98) |
| EBITDA Margin % | 3.5% | (3.1%) | (22.4%) | (50.3%) |
| Other Income / (Expense) | 1.75 | 0.62 | 2.36 | 0.66 |
| Pretax Income | 1.83 | 0.54 | 1.84 | (0.34) |
| Tax Provision | (0.84) | 1.38 | 0.34 | (0.16) |
| Net Income | 2.68 | (0.85) | 1.51 | (0.18) |
| Net Margin % | 96.9% | (33.7%) | 66.9% | (9.2%) |
| Diluted EPS | $0.21 | -$0.07 | $0.12 | -$0.02 |
| Basic EPS | $0.21 | -$0.07 | $0.12 | -$0.02 |
| Diluted Avg Shares | 12.6 | 12.8 | 13.0 | — |
| Basic Avg Shares | 12.6 | 12.8 | 13.0 | — |
| LTM | 6/30/25 | 6/30/24 | 6/30/23 | 6/30/22 | |
|---|---|---|---|---|---|
| Total Revenue | 9.48 | 8.45 | 10.98 | 15.07 | 24.71 |
| Revenue YoY % | 12.2% | (23.1%) | (27.1%) | (39.0%) | — |
| Gross Profit | 3.94 | 2.81 | 5.58 | 9.65 | 18.02 |
| Gross Profit YoY % | 40.4% | (49.7%) | (42.2%) | (46.5%) | — |
| Gross Margin % | 41.6% | 33.2% | 50.8% | 64.0% | 72.9% |
| SG&A | 5.45 | 5.79 | 6.06 | 6.12 | 6.91 |
| Operating Income | (1.51) | (2.99) | (0.48) | 3.52 | 11.11 |
| Operating Income YoY % | 49.4% | (522.1%) | (113.6%) | (68.3%) | — |
| Operating Margin % | (15.9%) | (35.3%) | (4.4%) | 23.4% | 45.0% |
| EBITDA | (1.47) | (2.92) | (0.28) | 3.77 | 11.34 |
| EBITDA Margin % | (15.5%) | (34.6%) | (2.6%) | 25.0% | 45.9% |
| Interest Expense | — | — | — | 0.00 | 0.00 |
| Other Income / (Expense) | 5.38 | 2.72 | 2.40 | 0.56 | (6.14) |
| Pretax Income | 3.87 | (0.26) | 1.92 | 4.08 | 4.97 |
| Tax Provision | 0.72 | 0.07 | 0.58 | 0.93 | 1.53 |
| Net Income | 3.16 | (0.33) | 1.33 | 3.15 | 3.44 |
| Net Margin % | 33.3% | (4.0%) | 12.1% | 20.9% | 13.9% |
| Diluted EPS | $0.24 | -$0.03 | $0.09 | $0.22 | $0.23 |
| Basic EPS | $0.24 | -$0.03 | $0.09 | $0.22 | $0.23 |
| Diluted Avg Shares | 12.6 | 13.3 | 14.2 | 14.6 | 15.0 |
| Basic Avg Shares | 12.6 | 13.3 | 14.2 | 14.6 | 15.0 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 24.57 | 25.23 | 24.59 | 24.55 |
| Short-term Investments | 9.20 | 9.21 | 9.73 | 9.69 |
| Other Current Assets | 4.28 | 4.21 | 4.78 | 4.88 |
| Total Current Assets | 38.05 | 38.66 | 39.10 | 39.12 |
| Net PPE | 1.11 | 1.10 | 1.09 | 1.10 |
| Long-term Investments | 3.23 | 3.70 | 3.04 | 2.50 |
| Other Assets | 6.53 | 3.76 | 5.70 | 5.35 |
| Total Assets | 48.92 | 47.22 | 48.93 | 48.06 |
| Accounts Payable | 0.01 | 0.02 | 0.02 | 0.01 |
| Other Current Liabilities | 1.81 | 1.97 | 1.89 | 1.86 |
| Total Current Liabilities | 1.82 | 1.99 | 1.91 | 1.87 |
| Other Liabilities | 1.05 | 1.06 | 1.03 | 0.98 |
| Total Liabilities | 2.87 | 3.05 | 2.94 | 2.86 |
| Retained Earnings | 38.42 | 36.02 | 37.16 | 35.94 |
| Total Equity | 46.05 | 44.17 | 45.99 | 45.21 |
| LTM | 6/30/25 | 6/30/24 | 6/30/23 | 6/30/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 24.57 | 24.55 | 27.40 | 25.40 | 22.31 |
| Short-term Investments | 9.20 | 9.69 | 9.64 | 11.64 | 12.14 |
| Other Current Assets | 4.28 | 4.88 | 3.27 | 3.33 | 3.58 |
| Total Current Assets | 38.05 | 39.12 | 40.32 | 40.37 | 38.03 |
| Net PPE | 1.11 | 1.10 | 1.15 | 1.14 | 1.37 |
| Operating Lease ROU | — | — | — | — | 0.00 |
| Long-term Investments | 3.23 | 2.50 | 1.45 | 1.56 | 0.00 |
| Other Assets | 6.53 | 5.35 | 9.04 | 12.60 | 18.96 |
| Total Assets | 48.92 | 48.06 | 51.96 | 55.67 | 58.36 |
| Accounts Payable | 0.01 | 0.01 | 0.01 | 0.14 | 0.07 |
| Current Lease Liabilities | — | — | — | — | 0.00 |
| Other Current Liabilities | 1.81 | 1.86 | 2.15 | 2.80 | 4.06 |
| Total Current Liabilities | 1.82 | 1.87 | 2.16 | 2.94 | 4.13 |
| Other Liabilities | 1.05 | 0.98 | 0.79 | 0.71 | — |
| Total Liabilities | 2.87 | 2.86 | 2.96 | 3.65 | 4.58 |
| Retained Earnings | 38.42 | 35.94 | 37.46 | 37.57 | 35.92 |
| Total Equity | 46.05 | 45.21 | 49.01 | 52.02 | 53.61 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | 2.68 | (0.85) | 1.51 | (0.18) |
| D&A | 0.01 | 0.01 | 0.01 | 0.01 |
| Stock-Based Comp | 0.00 | 0.00 | 0.01 | 0.06 |
| Δ Working Cap & Other | — | 1.09 | (1.56) | 0.10 |
| Operating Cash Flow | — | 0.26 | (0.03) | (0.01) |
| CapEx | — | — | — | (0.00) |
| Other Investing | — | 1.35 | 0.74 | (1.07) |
| Investing Cash Flow | — | 1.35 | 0.74 | (1.07) |
| Stock Issuance | — | 0.02 | 0.02 | 0.02 |
| Stock Buyback | — | (0.67) | (0.39) | (0.40) |
| Dividends Paid | — | (0.29) | (0.29) | (0.30) |
| Financing Cash Flow | — | (0.96) | (0.67) | (0.63) |
| Free Cash Flow | — | — | — | (0.01) |
| LTM | 6/30/25 | 6/30/24 | 6/30/23 | 6/30/22 | |
|---|---|---|---|---|---|
| Net Income | 3.16 | (0.33) | 1.33 | 3.15 | 3.44 |
| D&A | 0.04 | 0.06 | 0.20 | 0.24 | 0.23 |
| Stock-Based Comp | 0.07 | 0.12 | 0.00 | 0.00 | 0.73 |
| Δ Working Cap & Other | — | (0.67) | (0.54) | (0.48) | 6.14 |
| Operating Cash Flow | — | (0.82) | 0.99 | 2.91 | 10.54 |
| CapEx | — | (0.01) | (0.21) | (0.01) | (0.22) |
| Other Investing | — | 1.06 | 4.63 | 2.69 | (0.80) |
| Investing Cash Flow | — | 1.06 | 4.42 | 2.67 | (1.02) |
| Stock Issuance | — | 0.07 | 0.07 | 0.06 | 0.05 |
| Stock Buyback | — | (1.97) | (2.17) | (1.20) | (0.45) |
| Dividends Paid | — | (1.21) | (1.28) | (1.33) | (1.24) |
| Financing Cash Flow | — | (3.08) | (3.41) | (2.50) | (1.64) |
| Free Cash Flow | — | (0.83) | 0.78 | 2.90 | 10.31 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | 20.91 | 19.42 | 20.51 | 20.87 |
| Quick Ratio | — | — | — | — |
| Debt / Equity | 0.06 | 0.07 | 0.06 | 0.06 |
| EBITDA Margin % | 3.5% | (3.1%) | (22.4%) | (50.3%) |
| Working Capital | 36.23 | 36.66 | 37.19 | 37.24 |
| Net Debt | — | — | — | — |
| ROE % | 5.8% | (1.9%) | 3.3% | (0.4%) |
| ROA % | 5.5% | (1.8%) | 3.1% | (0.4%) |
| LTM | 6/30/25 | 6/30/24 | 6/30/23 | 6/30/22 | |
|---|---|---|---|---|---|
| Current Ratio | 20.91 | 20.87 | 18.63 | 13.74 | 9.20 |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | 0.06 | 0.06 | 0.06 | 0.07 | 0.09 |
| EBITDA Margin % | (15.5%) | (34.6%) | (2.6%) | 25.0% | 45.9% |
| Working Capital | 36.23 | 37.24 | 38.15 | 37.44 | 33.90 |
| Net Debt | — | — | — | — | — |
| ROE % | 6.9% | (0.7%) | 2.7% | 6.1% | 6.4% |
| ROA % | 6.5% | (0.7%) | 2.6% | 5.7% | 5.9% |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-06-04 | Pilecki Derek Steven | Other (Control Person) | 2026-06-03 | P | 330 | $2.60 | $858 |
| 2026-06-04 | Gator Capital Management, LLC | 10% Owner | 2026-06-03 | P | 330 | $2.60 | $858 |
| 2026-06-04 | Pilecki Derek Steven | Other (Control Person) | 2026-06-02 | P | 20,496 | $2.59 | $53,177 |
| 2026-06-04 | Gator Capital Management, LLC | 10% Owner | 2026-06-02 | P | 20,496 | $2.59 | $53,177 |
| 2026-06-02 | Gator Capital Management, LLC | 10% Owner | 2026-05-28 | P | 1,376 | $2.60 | $3,578 |
| 2026-06-02 | Pilecki Derek Steven | Other (Control Person) | 2026-05-28 | P | 1,376 | $2.60 | $3,578 |
| 2026-06-02 | Gator Capital Management, LLC | 10% Owner | 2026-05-21 | P | 23,910 | $2.55 | $60,927 |
| 2026-06-02 | Pilecki Derek Steven | Other (Control Person) | 2026-05-21 | P | 23,910 | $2.55 | $60,927 |
| 2026-06-02 | Gator Capital Management, LLC | 10% Owner | 2026-05-13 | P | 3,601 | $2.55 | $9,194 |
| 2026-06-02 | Pilecki Derek Steven | Other (Control Person) | 2026-05-13 | P | 3,601 | $2.55 | $9,194 |
| 2026-06-02 | Gator Capital Management, LLC | 10% Owner | 2026-05-12 | P | 404 | $2.55 | $1,030 |
| 2026-06-02 | Pilecki Derek Steven | Other (Control Person) | 2026-05-12 | P | 404 | $2.55 | $1,030 |
| 2026-06-02 | Gator Capital Management, LLC | 10% Owner | 2026-05-11 | P | 5,354 | $2.62 | $14,026 |
| 2026-06-02 | Pilecki Derek Steven | Other (Control Person) | 2026-05-11 | P | 5,354 | $2.62 | $14,026 |
| 2026-06-02 | Gator Capital Management, LLC | 10% Owner | 2026-05-08 | P | 208 | $2.62 | $545 |
| 2026-06-02 | Pilecki Derek Steven | Other (Control Person) | 2026-05-08 | P | 208 | $2.62 | $545 |
| 2026-06-02 | Gator Capital Management, LLC | 10% Owner | 2026-05-07 | P | 2,976 | $2.62 | $7,797 |
| 2026-06-02 | Pilecki Derek Steven | Other (Control Person) | 2026-05-07 | P | 2,976 | $2.62 | $7,797 |
| 2026-06-02 | Gator Capital Management, LLC | 10% Owner | 2026-05-06 | P | 259 | $2.61 | $676 |
| 2026-06-02 | Pilecki Derek Steven | Other (Control Person) | 2026-05-06 | P | 259 | $2.61 | $676 |
| 2026-06-02 | Gator Capital Management, LLC | 10% Owner | 2026-05-01 | P | 205 | $2.63 | $539 |
| 2026-06-02 | Pilecki Derek Steven | Other (Control Person) | 2026-05-01 | P | 205 | $2.63 | $539 |
| 2026-06-01 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2026-05-29 | J | 904 | $2.64 | $2,387 |
| 2026-06-01 | Callicotte Lisa | Officer (CFO) | 2026-05-29 | J | 359 | $2.64 | $948 |
| 2026-05-01 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2026-04-30 | J | 907 | $2.63 | $2,385 |
| 2026-05-01 | Callicotte Lisa | Officer (CFO) | 2026-04-30 | J | 359 | $2.63 | $944 |
| 2026-04-01 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2026-03-31 | J | 963 | $2.48 | $2,388 |
| 2026-04-01 | Callicotte Lisa | Officer (CFO) | 2026-03-31 | J | 382 | $2.48 | $947 |
| 2026-03-02 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2026-02-27 | J | 716 | $3.33 | $2,384 |
| 2026-03-02 | Callicotte Lisa | Officer (CFO) | 2026-02-27 | J | 284 | $3.33 | $946 |
| 2026-02-02 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2026-01-30 | J | 719 | $3.32 | $2,387 |
| 2026-02-02 | Callicotte Lisa | Officer (CFO) | 2026-01-30 | J | 285 | $3.32 | $946 |
| 2026-01-02 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2025-12-31 | J | 990 | $2.41 | $2,386 |
| 2026-01-02 | Callicotte Lisa | Officer (CFO) | 2025-12-31 | J | 392 | $2.41 | $945 |
| 2025-12-01 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2025-11-28 | J | 977 | $2.44 | $2,384 |
| 2025-12-01 | Callicotte Lisa | Officer (CFO) | 2025-11-28 | J | 388 | $2.44 | $947 |
| 2025-11-03 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2025-10-31 | J | 959 | $2.49 | $2,388 |
| 2025-11-03 | Callicotte Lisa | Officer (CFO) | 2025-10-31 | J | 380 | $2.49 | $946 |
| 2025-10-01 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2025-09-30 | J | 867 | $2.75 | $2,384 |
| 2025-10-01 | Callicotte Lisa | Officer (CFO) | 2025-09-30 | J | 344 | $2.75 | $946 |
| 2025-09-02 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2025-08-29 | J | 978 | $2.44 | $2,386 |
| 2025-09-02 | Callicotte Lisa | Officer (CFO) | 2025-08-29 | J | 388 | $2.44 | $947 |
| 2025-08-01 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2025-07-31 | J | 999 | $2.39 | $2,388 |
| 2025-08-01 | Callicotte Lisa | Officer (CFO) | 2025-07-31 | J | 395 | $2.39 | $944 |
| 2025-07-01 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2025-06-30 | J | 917 | $2.60 | $2,384 |
| 2025-07-01 | Callicotte Lisa | Officer (CFO) | 2025-06-30 | J | 364 | $2.60 | $946 |
| 2025-06-03 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2025-05-30 | J | 1,085 | $2.20 | $2,387 |
| 2025-06-03 | Callicotte Lisa | Officer (CFO) | 2025-05-30 | J | 430 | $2.20 | $946 |
| 2025-05-01 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2025-04-30 | J | 1,120 | $2.13 | $2,386 |
| 2025-05-01 | Callicotte Lisa | Officer (CFO) | 2025-04-30 | J | 444 | $2.13 | $946 |
| 2025-04-01 | Callicotte Lisa | Officer (CFO) | 2025-03-31 | J | 419 | $2.26 | $947 |
| 2025-04-01 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2025-03-31 | J | 1,056 | $2.26 | $2,387 |
| 2025-03-03 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2025-02-28 | J | 986 | $2.42 | $2,386 |
| 2025-03-03 | Callicotte Lisa | Officer (CFO) | 2025-02-28 | J | 391 | $2.42 | $946 |
| 2025-02-03 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2025-01-31 | J | 969 | $2.46 | $2,384 |
| 2025-02-03 | Callicotte Lisa | Officer (CFO) | 2025-01-31 | J | 384 | $2.46 | $945 |
| 2025-01-02 | Callicotte Lisa | Officer (CFO) | 2024-12-31 | J | 388 | $2.44 | $947 |
| 2025-01-02 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2024-12-31 | J | 978 | $2.44 | $2,386 |
| 2024-12-02 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2024-11-29 | J | 978 | $2.44 | $2,386 |
| 2024-12-02 | Callicotte Lisa | Officer (CFO) | 2024-11-29 | J | 388 | $2.44 | $947 |
| 2024-11-01 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2024-10-31 | J | 974 | $2.45 | $2,386 |
| 2024-11-01 | Callicotte Lisa | Officer (CFO) | 2024-10-31 | J | 386 | $2.45 | $946 |
| 2024-10-01 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2024-09-30 | J | 925 | $2.58 | $2,386 |
| 2024-10-01 | Callicotte Lisa | Officer (CFO) | 2024-09-30 | J | 367 | $2.58 | $947 |
| 2024-09-03 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2024-08-30 | J | 932 | $2.56 | $2,386 |
| 2024-09-03 | Callicotte Lisa | Officer (CFO) | 2024-08-30 | J | 369 | $2.56 | $945 |
| 2024-08-01 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2024-07-31 | J | 900 | $2.65 | $2,385 |
| 2024-08-01 | Callicotte Lisa | Officer (CFO) | 2024-07-31 | J | 357 | $2.65 | $946 |
| 2024-07-01 | HOLMES FRANK E | Director, Officer (CEO/CIO), 10% Owner | 2024-06-28 | J | 914 | $2.61 | $2,386 |
| 2024-07-01 | Callicotte Lisa | Officer (CFO) | 2024-06-28 | J | 363 | $2.61 | $947 |