US Global Investors ( (GROW) ) has released a notification of late filing.
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U.S. Global Investors, Inc. has filed a Form 12b-25 to notify investors that it will be late in submitting its Form 10-Q (Quarter Report) for the quarter ended December 31, 2025. The delayed filing relates specifically to this Form 10-Q (Quarter Report), which covers the company’s second fiscal quarter.
The main reason for the delay is tax-related. During the preparation of the Form 10-Q (Quarter Report), the company determined it needs to file a tax accounting method change request on IRS Form 3115 tied to its 2021 purchase of HIVE convertible securities. Completing this tax work and finalizing related adjustments in time would require what management considers unreasonable effort and expense.
U.S. Global Investors states that it expects to file the outstanding Form 10-Q (Quarter Report) within the five-calendar-day extension allowed under SEC Rule 12b-25. This indicates the delay is intended to be short and procedural, rather than an open-ended postponement.
Financially, the company is still finalizing its statements for the period but has flagged a material tax impact. Management currently expects to record about $1.3 million in tax expense for the quarter, including a valuation allowance of roughly $471,000, and it anticipates an offsetting benefit and reduction of that valuation allowance in the quarter ending March 31, 2026, subject to future developments and typical forward-looking uncertainties.
The company affirms that all other required SEC reports over the past 12 months have been filed on time, underscoring ongoing compliance with reporting obligations. The notification was signed on February 17, 2026, by Lisa Callicotte, an authorized executive of U.S. Global Investors, signaling board-level oversight of the filing delay and the remedial steps underway.
The most recent analyst rating on (GROW) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on US Global Investors stock, see the GROW Stock Forecast page.
Spark’s Take on GROW Stock
According to Spark, TipRanks’ AI Analyst, GROW is a Neutral.
The score is mainly held back by weak financial performance (negative operating profitability and negative operating/free cash flow), despite a low-leverage balance sheet. Technicals are supportive due to a strong uptrend, but extremely overbought signals increase near-term risk. Valuation further constrains the score given the high P/E relative to current profitability, with only modest support from the dividend yield.
To see Spark’s full report on GROW stock, click here.
More about US Global Investors
Average Trading Volume: 72,533
Technical Sentiment Signal: Strong Buy
Current Market Cap: $41.69M
For an in-depth examination of GROW stock, go to TipRanks’ Overview page.