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U.s. Global Investors (GROW)
NASDAQ:GROW
Earnings Data
Report Date
May 11, 2026TBA (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
―Last Year’s EPS
-0.03Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of operational and strategic positives — revenue growth (+13% YoY), improving operating efficiency, stronger liquidity (cash $25.2M) and successful thematic product performance (WAR ETF +24% vs market +12%), plus an active buyback program reducing outstanding shares ~10% over 18 months. Offsetting these strengths were GAAP headwinds including a quarter tax adjustment that drove a $846k net loss, the loss of an 8% interest coupon from the repaid HIVE note, and continued volatility/scale challenges in certain ETF strategies (e.g., Jets). Management expects the tax impact to reverse in the next quarter and emphasized strategic initiatives (smart beta 2.0, ETF scale targets, thematic focus) that, if realized, could materially improve profitability. Overall, the positives in product traction, revenue growth, balance sheet strength and shareholder returns currently outweigh the near-term accounting and income headwinds.Company Guidance
Increasing Assets Under Management (AUM)
Average AUM reported at $1.48 billion for the period with CEO commentary that AUM has risen to approximately $1.7 billion as of the webcast — reflecting recovery from prior quarters and improved asset inflows.
Quarterly Revenue Growth
Quarterly operating revenues of $2.5 million, an increase of $279,000 or 13% versus the same quarter last year, driven primarily by higher mutual fund AUM (notably equity mutual funds).
Improved Operating Efficiency
Operating expenses decreased $172,000 or 6% year-over-year; general & administrative expenses down $207,000 or 15%, partially offset by a 4% increase in employee compensation (+$45,000) due to performance bonuses.
Profitability Momentum (EBITDA)
Quarterly EBITDA per share turned positive after prior negativity — year-end December figure reported at $0.04 per share, and pretax income of $535,000 for the quarter, indicating improving core profitability trends.
Strong Balance Sheet and Liquidity
Cash and cash equivalents of approximately $25.2 million as of December 31, 2025 (up ~3% vs June 2025), current investments of $9.2 million, other investments ~$6.5 million, net working capital of $36.7 million and a current ratio of 19.4:1.
Active Share Repurchase Program and High Shareholder Yield
Repurchased 260,195 Class A shares for roughly $664,000 in the quarter ended Dec 31, 2025; shares outstanding have been reduced by about 10% over the past 18 months. Gross shareholder yield of 9.89% compares favorably to 10-year and 5-year government yields of 4.18% and 3.73% respectively.
Strong Thematic Product Performance — 'War' ETF
The newly launched WAR ETF outperformed the market last year, returning ~24% versus ~12% for the broader market (outperformance ≈12 percentage points), demonstrating thematic product traction.
Strategic Positioning and Scale Targets for ETFs
Clear product economics: at a 60 bps fee an ETF needs roughly $50 million AUM to breakeven on core financial costs, ~$80 million to cover additional portfolio/marketing costs and ~$100 million to become strongly profitable. Management articulated a target to scale GOAU and other thematic ETFs (e.g., ambition to build GOAU toward $10 billion).
Favorable Non-Operational Items vs Prior Year
Other income improved year-over-year: unrealized gains moved to $28,000 from prior-year unrealized losses of $221,000 (favorable change ~$249,000); realized foreign currency gains $57,000 vs prior losses of $239,000 (favorable change ~$296,000).
GROW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GROW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 20, 2026 | $3.17 | $3.26 | +2.84% |
Nov 12, 2025 | $2.34 | $2.36 | +0.86% |
Sep 08, 2025 | $2.42 | $2.36 | -2.44% |
May 08, 2025 | $2.11 | $2.13 | +0.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does U.s. Global Investors (GROW) report earnings?
U.s. Global Investors (GROW) is schdueled to report earning on May 11, 2026, TBA (Confirmed).
What is U.s. Global Investors (GROW) earnings time?
U.s. Global Investors (GROW) earnings time is at May 11, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GROW EPS forecast?
Currently, no data Available