U.S. Global Investors posts operating profit as revenue climbs 18% Proactive Fri, November 13, 2026 at 8:27 AM EST 2 min read GC=F +0.12% GROW 0.00% U.S. Global Investors posts operating profit as revenue climbs 18% Proactive uses images sourced from Shutterstock U.S. Global Investors (NASDAQ:GROW) reported an 18% rise in first-quarter fiscal 2027 operating revenue to US$2.7 million and a return to operating income, as demand for its gold and precious metals strategies continued to grow.
The company posted operating income of US$55,000 for the quarter ended September 30, 2026, compared with an operating loss of US$515,000 a year earlier. Operating expenses fell 6% year over year.
Net income was US$171,000, or US$0.01 per share, versus US$1.5 million, or US$0.12 per share, a year earlier. The company attributed the difference primarily to lower investment income.
Average assets under management rose 14% to US$1.6 billion from US$1.4 billion. Combined average assets in its gold and precious metals products, USERX, UNWPX and GOAU, reached US$547.6 million, up 45%. Total assets under management at quarter end stood at US$1.6 billion, up 17%.
"Gold miners continued to draw investor interest during the quarter, and that showed up in our asset levels," said Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors (NASDAQ:GROW).
Average assets in the U.S. Global Technology and Aerospace & Defense ETF (WAR) were US$37.4 million, up 17% from the June quarter. Average assets in the U.S. Global Sea to Sky Cargo ETF (SEA) were US$16.2 million, up 81% from a year earlier.
"We believe disciplined, actively managed exposure to high-quality miners remains an important part of a diversified portfolio, and we're pleased that more investors appear to agree," Holmes added.
The company's shareholder yield as of September 30, 2026, was 8.33%, compared with 5.09% on the five-year Treasury and 5.29% on the 10-year.
The board approved a monthly dividend of US$0.0075 per share for October through December 2026. The remaining payments are due November 30 and December 28, for record dates of November 16 and December 14.
U.S. Global repurchased 105,457 shares during the quarter under a program that allows up to US$5 million in annual open-market purchases. The program has been in place since December 2012.
The company had net working capital of about US$35.4 million at quarter end, including US$24.3 million in cash and cash equivalents, essentially unchanged from June 30.
