G
U S GLOBAL INVESTORS INC
GROWCIK 0000754811NasdaqNon-AcceleratedSmaller ReportingInvestment AdviceTexasFY ends Jun 30
Period
FY 2025
Revenue
—
Net Income
$-334.0K
Total Assets
$48.06M
Equity
$45.21M
Shares Out
10.48M
Op. Cash Flow
$-822.0K
Business
U S GLOBAL INVESTORS INC is a registered investment adviser that provides investment management and corporate investing services. The company offers investment advisory and administrative services to mutual funds and exchange-traded funds (ETFs), together with portfolio management for individual and institutional investors, and it also invests for its own account. Its key business segments are Investment Management Services, which includes advisory and administrative activities for U.S. and European funds and ETFs, and Corporate Investments for its proprietary portfolio. The company distributes products through fund and ETF channels to individual and institutional clients.
Summary from filing dated 2025-09-08
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Revenues | 8 | 11 | 15 | 25 | 22 | |
| Employee compensation and benefits | 5 | 5 | 5 | 6 | 7 | |
| General and administrative | 6 | 6 | 6 | 7 | 6 | |
| Advertising | 650,000 | 404,000 | 382,000 | 405,000 | 220,000 | |
| Depreciation | 61,000 | 196,000 | 243,000 | 226,000 | 196,000 | |
| Interest | 1,000 | 3,000 | 4,000 | — | — | |
| Total Operating Expenses | 11 | 11 | 12 | 14 | 13 | |
| Operating Income (Loss) | −3 | −480,000 | 4 | 11 | 8 | |
| Net investment income (loss) | 2 | 2 | 316,000 | −6 | 28 | |
| Other Nonoperating Income | 331,000 | 251,000 | 242,000 | 235,000 | 144,000 | |
| Total Other Income (Loss) | 3 | 2 | 558,000 | −6 | 29 | |
| Income (Loss) Before Income Taxes | −262,000 | 2 | 4 | 5 | 37 | |
| Tax expense (benefit) | 72,000 | 582,000 | 934,000 | 2 | 5 | |
| Net Income (Loss) | −334,000 | 1 | 3 | 3 | 32 | |
| Basic Net Income (Loss) per Share (in dollars per share) | −0.03 | 0.09 | 0.22 | 0.23 | 2.12 | |
| Diluted Net Income (Loss) per Share (in dollars per share) | −0.03 | 0.09 | 0.22 | 0.23 | 2.12 | |
| Basic weighted average number of common shares outstanding (in shares) | 13 | 14 | 15 | 15 | 15 | |
| Diluted weighted average number of common shares outstanding (in shares) | 13 | 14 | 15 | 15 | 15 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 25 | 27 | 25 | 22 | 14 | |
| Restricted cash | 1 | 1 | 1 | 1 | 1 | |
| Investments in trading securities at fair value, current | 10 | 10 | 12 | 12 | 6 | |
| Accounts and other receivables (net of allowance for credit losses of $0, and $0, respectively) | 1 | 1 | 1 | 2 | 3 | |
| Receivable for investment principal repayments (net of allowance for credit losses of $0, and $0, respectively) | 750,000 | 0 | — | — | — | |
| Tax receivable | 2 | 729,000 | 576,000 | 384,000 | 2 | |
| Prepaid expenses | 549,000 | 498,000 | 510,000 | 400,000 | 350,000 | |
| Total Current Assets | 39 | 40 | 40 | 38 | 27 | |
| Net Property and Equipment | 1 | 1 | 1 | 1 | 1 | |
| Deferred tax asset | 1 | 2 | 2 | 872,000 | 0 | |
| Investments in trading securities at fair value, non-current | 2 | 1 | 2 | — | — | |
| Investments in available-for-sale debt securities at fair value (amortized cost: $3,993, and $6,204, respectively) (net of allowance for credit losses of $0, and $0, respectively) | 2 | 4 | 7 | 11 | 17 | |
| Investments in held-to-maturity debt securities at amortized cost | 1 | 1 | 1 | — | — | |
| Less: Allowance for credit losses | −52,000 | −132,000 | 0 | — | — | |
| Investments in held-to-maturity debt securities, net of allowance for credit losses | 948,000 | 868,000 | 1 | 1 | 1 | |
| Other investments | 1 | 2 | 2 | 4 | 3 | |
| Financing lease, right of use assets | 8,000 | 38,000 | 65,000 | 93,000 | 0 | |
| Other assets, non-current | 199,000 | 203,000 | 217,000 | 216,000 | 99,000 | |
| Total Other Assets | 8 | 10 | 14 | 19 | 34 | |
| Total Assets | 48 | 52 | 56 | 58 | 62 | |
| Accounts payable | 10,000 | 14,000 | 143,000 | 73,000 | 102,000 | |
| Accrued compensation and related costs | 469,000 | 609,000 | 1 | 2 | 2 | |
| Dividends payable | 296,000 | 313,000 | 329,000 | 337,000 | 226,000 | |
| Financing lease liability, short-term | 8,000 | 31,000 | 28,000 | 27,000 | 0 | |
| Other accrued expenses | 1 | 1 | 1 | 2 | 1 | |
| Total Current Liabilities | 2 | 2 | 3 | 4 | 5 | |
| Deferred tax liability | 17,000 | 0 | 4,000 | 0 | 3 | |
| Reserve for uncertain tax positions | 891,000 | 785,000 | 671,000 | 379,000 | — | |
| Notes payable | 75,000 | 0 | — | — | — | |
| Financing lease liability, long-term | 0 | 8,000 | 38,000 | 66,000 | 0 | |
| Total Long-Term Liabilities | 983,000 | 793,000 | 713,000 | 445,000 | 3 | |
| Total Liabilities | 3 | 3 | 4 | 5 | 8 | |
| Commitments and Contingencies (Note 17) | — | — | — | — | — | |
| Additional paid-in-capital | 17 | 16 | 16 | 16 | 16 | |
| Treasury stock, class A shares at cost; 2,884,312 and 2,113,516 shares at June 30, 2025, and June 30, 2024, respectively | −8 | −6 | −4 | −3 | −2 | |
| Accumulated other comprehensive income, net of tax | 98,000 | 584,000 | 1 | 4 | 7 | |
| Retained earnings | 36 | 37 | 38 | 36 | 34 | |
| Total Shareholders Equity | 45 | 49 | 52 | 54 | 54 | |
| Total Liabilities and Shareholders Equity | 48 | 52 | 56 | 58 | 62 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Depreciation, amortization and accretion | −118,000 | −139,000 | −246,000 | −419,000 | 374,000 | |
| Net realized (gains) losses on securities | −418,000 | 6 | −1 | — | — | |
| Unrealized (gains) losses on securities | 247,000 | −6 | 2 | 12 | −10 | |
| Provision for deferred taxes | 709,000 | 335,000 | −440,000 | −3 | 1 | |
| Reserve for uncertain tax positions | 106,000 | 114,000 | 117,000 | — | — | |
| Share-based compensation expense | 124,000 | 0 | 0 | 733,000 | 43,000 | |
| Allowance for credit losses | −80,000 | −100,000 | 0 | — | — | |
| Accounts and other receivables | −800,000 | 45,000 | 359,000 | 3 | −4 | |
| Prepaid expenses and other assets | −17,000 | 53,000 | −82,000 | −217,000 | −22,000 | |
| Accounts payable and accrued expenses | −241,000 | −796,000 | −1 | −688,000 | 3 | |
| Total adjustments | −488,000 | −343,000 | −239,000 | 7 | −27 | |
| Net cash provided by (used in) operating activities | −822,000 | 990,000 | 3 | 11 | 5 | |
| Purchase of property and equipment | −7,000 | −213,000 | −14,000 | −220,000 | −73,000 | |
| Purchase of trading securities at fair value, non-current | −1 | −234,000 | 0 | −123,000 | −6 | |
| Purchase of other investments | 0 | −573,000 | −663,000 | −620,000 | −863,000 | |
| Proceeds from principal paydowns of available-for-sale debt securities at fair value | 2 | 3 | 3 | 3 | 1 | |
| Return of capital on non-current investments | 24,000 | 0 | — | — | — | |
| Return of capital on other investments | −24,000 | 259,000 | 0 | 9,000 | 0 | |
| Net cash provided by (used in) investing activities | 1 | 4 | 3 | −1 | 9 | |
| Principal payments on financing lease | −33,000 | −30,000 | −27,000 | 0 | — | |
| Proceeds from notes payable | 75,000 | 0 | — | — | — | |
| Issuance of common stock | 73,000 | 69,000 | 59,000 | 53,000 | 13,000 | |
| Repurchases of common stock | −2 | −2 | −1 | −452,000 | −314,000 | |
| Excise tax paid on repurchases of common stock | −20,000 | 0 | — | — | — | |
| Dividends paid | −1 | −1 | −1 | −1 | −640,000 | |
| Net cash provided by (used in) financing activities | −3 | −3 | −2 | −2 | −941,000 | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | −3 | 2 | 3 | 8 | 12 | |
| Unsettled class A common stock repurchases | 10,000 | 14,000 | 0 | — | — | |
| Cash paid for income taxes | 134,000 | 252,000 | 1 | 4 | 5 | |
| Cash paid for interest | 1,000 | 3,000 | 4,000 | 0 | — |
Filings
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Holdings (13F)
Portfolio as of 2026-01-14 · 162 positions
Reported AUM
$2.99B
Holdings
162
Top sector
$2.99B
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $2.99B | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| UNITED AIRLS HLDGS INC | — | 8.69M | $402.88M | 13.5% |
| AMERICAN AIRLS GROUP INC | — | 20.75M | $378.69M | 12.7% |
| DELTA AIR LINES INC DEL | — | 8.99M | $355.79M | 11.9% |
| SOUTHWEST AIRLS CO | — | 7.16M | $328.06M | 11.0% |
| ALASKA AIR GROUP INC | — | 1.81M | $104.98M | 3.5% |
| JETBLUE AWYS CORP | — | 6.98M | $104.40M | 3.5% |
| ALLEGIANT TRAVEL CO | — | 616.9K | $100.17M | 3.4% |
| SUN CTRY AIRLS HLDGS INC | — | 3.80M | $99.61M | 3.3% |
| HAWAIIAN HOLDING INC | — | 5.01M | $98.74M | 3.3% |
| SKYWEST INC | — | 3.34M | $96.32M | 3.2% |