U.s. Global Investors (GROW)
NASDAQ:GROW
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US Global Investors
(NASDAQ:GROW)
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Rating:62Neutral
Price Target:
$3.00
▲(23.46% Upside)
Action:ReiteratedDate:02/24/26
The score reflects strong technical momentum and a positive earnings-call outlook supported by substantial liquidity and shareholder returns, tempered by weak recent cash generation and compressed/volatile operating performance. A high P/E multiple further constrains the overall rating.
US Global Investors (GROW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$33.52M
Dividend Yield3.73%
Average Volume (3M)49.40K
Price to Earnings (P/E)―
Beta (1Y)0.59
Revenue Growth95.99%
EPS Growth-81.79%
CountryUS
Employees23
SectorN/A
Sector StrengthN/A
IndustryAsset Management - Global
Share Statistics
EPS (TTM)-0.07
Shares Outstanding10,484,211
10 Day Avg. Volume55,431
30 Day Avg. Volume49,401
Financial Highlights & Ratios
PEG Ratio0.82
Price to Book (P/B)0.77
Price to Sales (P/S)4.10
P/FCF Ratio-41.85
Enterprise Value/Market Cap0.29
Enterprise Value/Revenue1.09
Enterprise Value/Gross Profit2.56
Enterprise Value/Ebitda5.20
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
US Global Investors Business Overview & Revenue Model
Company Description
U.S. Global Investors, Inc. is a publicly owned investment manager. The firm primarily provides its services to investment companies. It also provides its services to pooled investment vehicles. The firm manages equity and fixed income mutual fund...
How the Company Makes Money
US Global Investors primarily makes money by earning management and advisory fees for overseeing investment products and client assets. The largest recurring revenue stream is typically asset-based fees: the company earns a fee calculated as a per...
US Global Investors Earnings Call Summary
Earnings Call Date:Feb 20, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:May 11, 2026
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.Positive Updates
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.
Negative Updates
GAAP Net Loss and Large Tax Adjustment
Net loss after taxes for the quarter was $846,000 (−$0.07 per share), an unfavorable change of $760,000 versus the prior-year quarter. The primary driver was a tax accounting treatment adjustment of approximately $1.3 million recorded this quarter; management expects an offsetting benefit in the quarter ending Mar 31, 2026 and a net tax expense of ~0 for the fiscal year.
Read all updates
Q2-2026 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
The call’s guidance centered on growing AUM and profitability while returning capital: ETFs carry a 60 bps fee (active funds roughly double with a 12b‑1), management says ~$50M AUM is needed to breakeven on basic financial costs, ~$80M to cover broader costs, and ~$100M to be comfortably profitable, with an aspirational GOAU target of $10B; average AUM was $1.48B (recently rising from $1.26B to ≈$1.7B) and quarterly operating revenues were $2.5M with pretax income of $535k. Capital return activity continues via an algorithmic buyback (260,195 Class A shares repurchased for ≈$664k in the quarter; ~10% fewer shares outstanding over 18 months) and a monthly dividend program (gross shareholder yield 9.89% vs 10‑yr/5‑yr Treasuries at 4.18%/3.73%); liquidity includes cash ≈$25.2M, current investments $9.2M, other investments ≈$6.5M, net working capital $36.7M and a current ratio of 19.4:1. Operational trends showed operating revenues up 13% YoY (+$279k), operating expenses down 6% (‑$172k), an $88k operating loss (favorable change $451k), EBITDA per share turning positive (Dec $0.04), but a GAAP net loss of $846k (‑$0.07/sh) driven by a ~$1.3M tax adjustment expected to reverse in the March quarter. Broader industry context cited record ETF inflows of nearly $1.5T in 2025, covered‑write yields of ~12% (gold) and 24–30% (Bitcoin), repayment of an 8% HIVE convertible note, and strong performance in thematic products (WAR ETF +24% vs market +12% last year).US Global Investors Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
86
Very Positive
Cash Flow
33
Negative
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US Global Investors Technical Analysis
Positive
2.43
Price Trends
2.99
Negative
2.77
Negative
2.61
Positive
Market Momentum
-0.10
Negative
49.59
Neutral
69.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GROW, the sentiment is Positive. The current price of 2.43 is below the 20-day moving average (MA) of 2.65, below the 50-day MA of 2.99, and below the 200-day MA of 2.61, indicating a neutral trend. The MACD of -0.10 indicates Negative momentum. The RSI at 49.59 is Neutral, neither overbought nor oversold. The STOCH value of 69.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GROW.
US Global Investors Peers Comparison
UnderperformOutperform
Sector (―)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
70 Outperform | $71.85B | 19.64 | 21.40% | 1.34% | 23.32% | -24.53% | |
62 Neutral | $33.52M | -9.09 | 0.22% | 3.73% | 95.99% | -81.79% | |
52 Neutral | $38.78M | -4.70 | 17.65% | ― | 88.24% | -319.16% | |
47 Neutral | $575.57M | -8.84 | -18.72% | ― | 24.37% | -24.12% |
* Sector Average
GROW
US Global Investors
2.67
0.59
28.49%
APO
Apollo Global Management
124.26
-11.12
-8.21%
ALTI
Alvarium Tiedemann Holdings
3.82
0.53
16.11%
TOP
Zhong Yang Financial Group Ltd.
0.80
-0.39
-32.77%
MDBH
MDB Capital Holdings, LLC Class A
3.77
-0.60
-13.65%
GSIW
Garden Stage Ltd.
30.00
-45.60
-60.32%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.