U.S. Global Investors | 8-K: FY2026 Q1 Revenue: USD 2.251 M

Revenue: As of FY2026 Q1, the actual value is USD 2.251 M.

EPS: As of FY2026 Q1, the actual value is USD 0.12.

Financial Data Summary

Net Income

• Net income for the quarter ended September 30, 2025, was $1.5 million, marking a 378% increase over the September 2024 quarter.

Investment Income

• Investment income was $2.3 million at quarter-end, a nearly 300% increase from the previous quarter and a 148% increase from the year-ago period.

Operating Revenues

• Total operating revenues were $2.3 million in the first quarter of fiscal 2026, up 15% from the June quarter and 4% higher than the same quarter last year.

Operating Expenses

• Operating expenses for the quarter ended September 30, 2025, were $2.8 million, compared to $2.7 million for the same period in 2024.

Operating Income (Loss)

• Operating loss for the quarter ended September 30, 2025, was - $515,000, compared to - $559,000 for the same period in 2024.

Total Other Income (Loss)

• Total other income for the quarter ended September 30, 2025, was $2.4 million, compared to $995,000 for the same period in 2024.

Income (Loss) Before Income Taxes

• Income before income taxes for the quarter ended September 30, 2025, was $1.8 million, compared to $436,000 for the same period in 2024.

Income Tax Expense

• Income tax expense for the quarter ended September 30, 2025, was $337,000, compared to $121,000 for the same period in 2024.

Net Income (Loss) Per Share

• Net income per share (basic and diluted) for the quarter ended September 30, 2025, was $0.12, compared to $0.02 for the same period in 2024.

Average Assets Under Management (AUM)

• Average assets under management (AUM) as of September 30, 2025, were $1.4 billion, compared to $1.5 billion for the same period in 2024.

Shareholder Yield

• The Company’s shareholder yield as of September 30, 2025, was 8.32%, approximately double the yield on the five-year and 10-year Treasury bonds on the same trading day.

Fund Flows

• Fund flows into the Global Natural Resources Fund (PSPFX), Gold and Precious Metals Fund (USERX), and U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) were all positive for the quarter ended September 30, 2025, compared to negative fund flows in the same quarter of 2024.

Share Repurchase Program

• During the three-month period ended September 30, 2025, the Company repurchased 159,074 shares at a cost of approximately $400,000.

Liquidity Position

• As of September 30, 2025, the Company reported net working capital of approximately $37.2 million, with $24.6 million in cash and cash equivalents.

Outlook / Guidance

• The Company believes its investment offerings are well-positioned for the current economic and geopolitical environment, with a focus on gold mining and natural resources funds. Bank of America named gold miners as the top investment theme of 2025, which the Company sees as a positive indicator for its gold-related funds. The Company continues to recommend a 10% portfolio weighting in gold, with 5% in physical bullion and 5% in high-quality gold mining companies.