U.S. Global Investors Reports 18% Revenue Growth and Returns to Operating Profitability in First Quarter of Fiscal 2027
Key Highlights
- ➤Operating revenue $2.7 million, up 18% year over year
- ➤Operating income $55,000 versus a $515,000 loss previously
- ➤Average assets under management $1.6 billion, up 14% year over year
- ➤Gold strategy average assets $547.6 million, up 45% year over year
- ➤Board approved $0.0075-per-share monthly dividend through December 2026
Expert Statements
Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors
“Gold miners continued to draw investor interest during the quarter, and that showed up in our asset levels.”
Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors
“Average assets in our gold strategies are up more than 45% from a year ago.”
Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors
“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.”
Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors
“Defense is no longer defined just by aircraft and ships. It’s increasingly being reshaped by artificial intelligence (AI), autonomous systems and cybersecurity,”
Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors
“As governments around the world direct more spending toward national security, we believe WAR, our actively managed Smart Beta 2.0 ETF, gives investors targeted exposure to the companies driving that transformation.”
Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors
“The PMIs continue to look strong, and we believe they’re a reliable leading indicator that demand remains high,”
Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors
“Factories are buying more materials, building inventories and hiring at the fastest pace in years, which tells us they expect orders to keep coming. We believe that bodes well for the shipping and logistics companies in SEA, especially as we enter the busy fourth-quarter holiday season.”
Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors
“No seasonal pattern works every year, of course, and past performance is not guarantee of future results,”
Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors
“But for airlines, we track oil prices, passenger demand, capacity, operating margins, balance sheets and price momentum. When several of those indicators line up, we believe the odds of attractive risk-adjusted returns improve.”
SAN ANTONIO, Nov. 12, 2026 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a registered investment advisory firm(1) with longstanding experience in global markets and specialized sectors, today reported operating revenues of $2.7 million for the quarter ended September 30, 2026, the first quarter of its 2027 fiscal year. That represents an 18% increase over the same quarter a year earlier. The Company posted operating income of $55,000, compared to an operating loss of $515,000 in the September 2025 quarter, as operating expenses declined 6% year-over-year. Net income for the quarter was $171,000, or $0.01 per share, compared to $1.5 million, or $0.12 per share, a year earlier. The difference was driven primarily by lower investment income.
During the quarter ended September 30, 2026, average assets under management (AAUM) were $1.6 billion, up 14% from $1.4 billion in the same quarter a year earlier. Gold and precious metals strategies again led the way. Combined average assets in the Gold and Precious Metal Miners ETF (USERX), World Precious Metals Fund (UNWPX) and U.S. Global GO GOLD and Precious Metal Mines ETF (GOAU) were $547.6 million, a 45% increase from the September 2025 quarter. Total assets under management at quarter end stood at $1.6 billion, up 17% from a year earlier.
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