U.S. Global Investors Reports Profitability and Growth for Q4 2026
U.S. Global Investors (GROW) returned to profitability in fiscal year 2026, reporting a net income of $3.1 million compared to a loss the previous year. The company's operating revenue increased by 21% due to higher assets under management in gold and natural resource funds. Earnings per share rose significantly from -$0.03 to $0.24. The firm saw strong growth in its WAR ETF, which nearly sevenfolded in AUM during the period. Advisory fees also increased for most products despite a decline in JETS ETF performance due to lower assets under management. The company repurchased 733,848 shares and maintained robust financial health with $24.3 million in cash and a current ratio of 19.7:1. Management emphasized strategic shifts toward technology and defense sectors as well as capital return initiatives through dividends and share buybacks.
Topics: assets under management net income revenue growth share repurchases