U.S. Global Investors Reports $3.3 Million Net Income for Nine Months Ended March 31, 2026

U.S. Global Investors, Inc. reported a net income of $3.3 million, or $0.27 per share, for the nine months ended March 31, 2026, a significant turnaround from a net loss of $153,000, or $(0.01) per share, during the same period in the previous year. This improvement was driven by a 15.9% increase in total operating revenues, which rose to $7.5 million from $6.5 million, primarily due to higher advisory fees and a favorable change in performance fee adjustments. The company’s advisory fees increased to $7.4 million, up from $6.4 million, reflecting a rise in average assets under management (AUM) across its investment products.

In the most recent quarter, U.S. Global Investors reported a net income of $2.7 million, compared to a net loss of $382,000 in the prior year. This quarterly performance was bolstered by a 31.3% increase in operating revenues, attributed to higher base management fees and an increase in administrative service fees for U.S. Global Investors Funds (USGIF). Operating expenses decreased by 10.7% to $2.7 million, driven by reductions in employee compensation and advertising costs. The company’s net investment income also saw a substantial increase, totaling $1.7 million for the quarter, compared to $548,000 in the same period last year.

As of March 31, 2026, U.S. Global Investors reported total assets of $48.9 million, a slight increase from $48.1 million at the end of the previous fiscal year. The company’s cash and cash equivalents remained stable at $24.6 million, while investments carried at fair value on a recurring basis were approximately $12.4 million. The company’s AUM increased to approximately $1.4 billion, up from $1.2 billion a year earlier, reflecting a favorable market environment and increased investor interest in its funds.

The company continues to focus on strategic initiatives, including maintaining its share repurchase program, which allows for the repurchase of up to $5 million of its outstanding common shares. During the nine months ended March 31, 2026, U.S. Global Investors repurchased 597,861 shares for $1.6 million. The board has also authorized a monthly dividend of $0.0075 per share through June 2026, contingent on the company’s financial performance and capital requirements. Looking ahead, U.S. Global Investors remains optimistic about its growth prospects, although it acknowledges the potential impact of market volatility and economic conditions on its operations.