U.S. Global Investors Reports $11 Million Revenue in Fiscal 2024, Repurchasing Over $2 Million in Shares While Generating a Strong Shareholder Yield of 9.41%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 10 2024
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Source: Newsfilter
Financial Performance Overview: U.S. Global Investors reported approximately $11 million in operating revenues for the fiscal year ending June 30, 2024, with a net income of $1.3 million, down from $3.1 million the previous year due to decreased advisory fees and lower assets under management (AUM), which averaged $1.9 billion.
Market Outlook and Strategic Moves: Despite challenges in the airline industry amid economic uncertainties, the company remains optimistic about long-term growth driven by strong demand for air travel and plans to expand its global presence, including a new ETF listing in Colombia.
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Analyst Views on GROW
About GROW
U.S. Global Investors, Inc. is an investment adviser. The Company offers exchange traded funds (ETFs) in addition to mutual funds. The Company, with principal operations located in San Antonio, Texas, manages two business segments: Investment Management Services and Corporate Investments. Investment Management Services, through which the Company offers, to U.S. Global Investors Funds (USGIF) and exchange-traded fund (ETF) clients, a range of investment management products and services to meet the needs of individual and institutional investors. Corporate Investments, through which the Company invests for its own account. In particular, the Company is known for its expertise in gold mining and exploration, natural resources, and airlines. It provides investment advisory services and administrative services to mutual funds. Its wholly owned subsidiaries include U.S. Global Investors (Bermuda) Limited, U.S. Global Investors (Canada) Limited and U.S. Global Indices, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
U.S. Global Investors Q3 2026 Earnings Call Insights
- Shareholder Return Strategy: CEO Frank Holmes stated that the company strategically buys back stock using an algorithm on flat or down days, successfully preserving cash for future growth, with a total shareholder yield of 9.96%.
- Financial Performance Highlights: CFO Lisa Callicotte reported that average assets under management were $1.63 billion for Q3 2026, with operating revenues of $2.8 million and quarterly net income of $2.6 million, translating to earnings per share of $0.23, indicating a return to profitability.
- Market Dynamics and ETF Trends: Holmes emphasized that active ETFs attracted $500 billion in net inflows in 2025, with over 80% of new ETF launches being active, highlighting the strategic importance of the company's positioning in this sector.
- Tax Benefits and Cost Control: Callicotte noted that the company recognized a tax benefit of $844,000 this quarter, primarily from discrete tax adjustments, while operating expenses decreased to $2.7 million, demonstrating effective cost management.
See More
U.S. Global Investors Reports Q3 Earnings with Strong Revenue Growth
- Earnings Highlights: U.S. Global Investors (GROW) reported Q3 2026 results with a GAAP EPS of $0.23 and revenue of $2.76 million, reflecting a robust 31.4% year-over-year growth, indicating strong market performance.
- Asset Management Growth: As of March 31, 2026, the average assets under management (AAUM) reached $1.6 billion, the highest since June 2024, showcasing increased investor confidence in the company's offerings.
- Dividend Announcement: The Board approved a monthly dividend of $0.0075 per share starting in April 2026 through June 2026, demonstrating a commitment to shareholder returns and enhancing investor confidence.
- Payment Schedule: Dividend payments are scheduled for May 26 and June 29, with record dates of May 11 and June 15, ensuring timely returns for shareholders and further increasing the company's attractiveness.
See More
U.S. Global Investors Reports Strong Q2 Results with Revenue Growth
- Revenue Growth: U.S. Global Investors reported Q2 revenue of $2.5 million, reflecting significant growth compared to the same period last year, which is expected to further boost investor confidence in the firm.
- Increase in AUM: Total assets under management (AUM) reached approximately $1.5 billion at quarter-end, representing a 12% increase from the previous quarter and a 5% increase year-over-year, indicating the company's sustained competitive strength in the market.
- Expense Reduction: The company reduced expenses by $172,000 compared to the same quarter last year, demonstrating positive progress in cost control, which enhances overall profitability.
- Improved Pre-Tax Income: The company reported pre-tax income of $535,000, a significant turnaround from a pre-tax loss of $116,000 in the same quarter last year, showcasing improved operational efficiency and recovery in profitability.
See More
U.S. Global Investors Reports Strong Q2 Financial Results
- Asset Management Growth: As of December 31, 2025, the company's total assets under management (AUM) reached approximately $1.5 billion, reflecting a 12% increase from the previous quarter and a 5% year-over-year growth, indicating robust market positioning and growth potential.
- Revenue and Expense Improvement: Operating revenue rose by $259,000, or 11.5%, while expenses decreased by $172,000, showcasing effective strategies in cost control and revenue enhancement, which significantly improved overall profitability.
- Shareholder Return Initiatives: The company's shareholder yield stood at 9.89% as of December 31, 2025, more than double the yields of five-year and ten-year Treasury bonds, with the Board approving a monthly dividend of $0.0075 per share, thereby boosting shareholder confidence.
- Record Gold Demand: In 2025, global gold demand exceeded 5,000 tons for the first time, with an annual value of approximately $555 billion, up 45% year-over-year, reflecting strong investor interest in gold as a safe haven amid macroeconomic uncertainties, thereby enhancing the company's strategic position in precious metals investments.
See More
US GLOBAL INVESTORS INC: TOTAL ASSETS UNDER MANAGEMENT REACHED APPROXIMATELY $1.5 BILLION AT QUARTER'S END
Total Assets Under Management: U.S. global investors reported total assets under management of approximately $1.5 billion at the end of the quarter.
Market Overview: The report highlights the current state of investment management and the performance of various asset classes.
See More
U.S. Global Investors to Host Q2 Earnings Webcast
- Earnings Webcast: U.S. Global Investors, Inc. will host a webcast on February 23, 2026, at 7:30 a.m. Central time to discuss its Q2 fiscal year 2026 results, with financial data to be released beforehand, aiming to provide investors with transparent insights and a detailed analysis of the company's performance.
- Executive Participation: CEO and Chief Investment Officer Frank Holmes, CFO Lisa Callicotte, and Marketing Director Holly Schoenfeldt will participate in the webcast, demonstrating the leadership's commitment to financial performance and enhancing communication with investors.
- Company Background: Founded over 50 years ago as an investment club, U.S. Global Investors has evolved into a registered investment adviser focusing on niche markets globally, showcasing its deep expertise and professional capabilities in investment management.
- Headquarters Location: Headquartered in San Antonio, Texas, the company provides investment management and other services to U.S. Global Investors Funds and U.S. Global ETFs, reflecting its strategic positioning and influence in the U.S. market.
See More
U.S. Global Investors Q3 2026 Earnings Call Insights
- Shareholder Return Strategy: CEO Frank Holmes stated that the company strategically buys back stock using an algorithm on flat or down days, successfully preserving cash for future growth, with a total shareholder yield of 9.96%.
- Financial Performance Highlights: CFO Lisa Callicotte reported that average assets under management were $1.63 billion for Q3 2026, with operating revenues of $2.8 million and quarterly net income of $2.6 million, translating to earnings per share of $0.23, indicating a return to profitability.
- Market Dynamics and ETF Trends: Holmes emphasized that active ETFs attracted $500 billion in net inflows in 2025, with over 80% of new ETF launches being active, highlighting the strategic importance of the company's positioning in this sector.
- Tax Benefits and Cost Control: Callicotte noted that the company recognized a tax benefit of $844,000 this quarter, primarily from discrete tax adjustments, while operating expenses decreased to $2.7 million, demonstrating effective cost management.
See More
U.S. Global Investors Reports Q3 Earnings with Strong Revenue Growth
- Earnings Highlights: U.S. Global Investors (GROW) reported Q3 2026 results with a GAAP EPS of $0.23 and revenue of $2.76 million, reflecting a robust 31.4% year-over-year growth, indicating strong market performance.
- Asset Management Growth: As of March 31, 2026, the average assets under management (AAUM) reached $1.6 billion, the highest since June 2024, showcasing increased investor confidence in the company's offerings.
- Dividend Announcement: The Board approved a monthly dividend of $0.0075 per share starting in April 2026 through June 2026, demonstrating a commitment to shareholder returns and enhancing investor confidence.
- Payment Schedule: Dividend payments are scheduled for May 26 and June 29, with record dates of May 11 and June 15, ensuring timely returns for shareholders and further increasing the company's attractiveness.
See More
U.S. Global Investors Reports Strong Q2 Results with Revenue Growth
- Revenue Growth: U.S. Global Investors reported Q2 revenue of $2.5 million, reflecting significant growth compared to the same period last year, which is expected to further boost investor confidence in the firm.
- Increase in AUM: Total assets under management (AUM) reached approximately $1.5 billion at quarter-end, representing a 12% increase from the previous quarter and a 5% increase year-over-year, indicating the company's sustained competitive strength in the market.
- Expense Reduction: The company reduced expenses by $172,000 compared to the same quarter last year, demonstrating positive progress in cost control, which enhances overall profitability.
- Improved Pre-Tax Income: The company reported pre-tax income of $535,000, a significant turnaround from a pre-tax loss of $116,000 in the same quarter last year, showcasing improved operational efficiency and recovery in profitability.
See More
U.S. Global Investors Reports Strong Q2 Financial Results
- Asset Management Growth: As of December 31, 2025, the company's total assets under management (AUM) reached approximately $1.5 billion, reflecting a 12% increase from the previous quarter and a 5% year-over-year growth, indicating robust market positioning and growth potential.
- Revenue and Expense Improvement: Operating revenue rose by $259,000, or 11.5%, while expenses decreased by $172,000, showcasing effective strategies in cost control and revenue enhancement, which significantly improved overall profitability.
- Shareholder Return Initiatives: The company's shareholder yield stood at 9.89% as of December 31, 2025, more than double the yields of five-year and ten-year Treasury bonds, with the Board approving a monthly dividend of $0.0075 per share, thereby boosting shareholder confidence.
- Record Gold Demand: In 2025, global gold demand exceeded 5,000 tons for the first time, with an annual value of approximately $555 billion, up 45% year-over-year, reflecting strong investor interest in gold as a safe haven amid macroeconomic uncertainties, thereby enhancing the company's strategic position in precious metals investments.
See More
US GLOBAL INVESTORS INC: TOTAL ASSETS UNDER MANAGEMENT REACHED APPROXIMATELY $1.5 BILLION AT QUARTER'S END
Total Assets Under Management: U.S. global investors reported total assets under management of approximately $1.5 billion at the end of the quarter.
Market Overview: The report highlights the current state of investment management and the performance of various asset classes.
See More
U.S. Global Investors to Host Q2 Earnings Webcast
- Earnings Webcast: U.S. Global Investors, Inc. will host a webcast on February 23, 2026, at 7:30 a.m. Central time to discuss its Q2 fiscal year 2026 results, with financial data to be released beforehand, aiming to provide investors with transparent insights and a detailed analysis of the company's performance.
- Executive Participation: CEO and Chief Investment Officer Frank Holmes, CFO Lisa Callicotte, and Marketing Director Holly Schoenfeldt will participate in the webcast, demonstrating the leadership's commitment to financial performance and enhancing communication with investors.
- Company Background: Founded over 50 years ago as an investment club, U.S. Global Investors has evolved into a registered investment adviser focusing on niche markets globally, showcasing its deep expertise and professional capabilities in investment management.
- Headquarters Location: Headquartered in San Antonio, Texas, the company provides investment management and other services to U.S. Global Investors Funds and U.S. Global ETFs, reflecting its strategic positioning and influence in the U.S. market.
See More
