US Global Investors Inc (FRA:UGL)

Q3 2026 US Global Investors Inc Earnings Call Transcript

May 14, 2026 / 12:30 PM GMT

Release Date Price: €2.14 (+0.94%)

Transcript 8-K10-Q

Key Points

Positve

US Global Investors Inc (GROW) reported a 15% increase in average assets under management for the quarter ending March 31, 2026, compared to the same quarter a year ago.
Operating revenues increased by approximately 31% compared to the same quarter last year, reaching $2.8 million.
The company achieved a net income of $2.6 million or $0.23 per share, a significant improvement from a net loss in the previous year.
US Global Investors Inc (GROW) has been actively buying back shares, reducing shares outstanding by approximately 20% since 2019.
The company maintains a strong balance sheet with high levels of cash and securities, and a current ratio of 20.9 to 1.

Negative

The company experienced a decrease in operating expenses by 11%, primarily due to a reduction in employee compensation and advertising expenses.
Despite the increase in revenues, the operating income for the quarter was only $88,000, indicating tight margins.
The mutual funds segment continues to see redemptions, although ETFs are growing.
The dividend yield of 3.4% is slightly less than the five-year government bond yields, although total shareholder yield is higher when including buybacks.
The company faces volatility in its earnings due to fluctuations in market forces affecting both advisory services and investment gains and losses.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GROW.OQ - US Global Investors Inc
Q3 2026 US Global Investors Inc Earnings Call
May 14, 2026 / 12:30PM GMT

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Presentation
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Of 2026.

As you can see on slide number two, the presenters for today's program are Frank Holmes, US Global Investors, CEO and Chief Investment Officer, Lisa Callicott, Chief Financial Officer, and myself, Holly Schoenfeldt, Director of Marketing.

Moving on to the next slide.

During this webcast, we may make forward-looking statements about our relative business outlook. Any forward-looking statements and all other statements made during this webcast that don't pertain to historical facts are subject to risks and uncertainties that may materially affect actual results. Please refer to our press release and corresponding Form 10-Q filing for more detail on factors that could cause actual results to

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