U.S. Global Asset Management Reports Q1 2027 Profitability Turnaround Amid Rising AUM
U.S. Global Asset Management (GROW) returned to operating profitability in the first quarter of 2027, reporting an operating income of $55,000 compared to a significant loss in the prior year. This turnaround was driven by an 18% year-over-year increase in operating revenues to $2.7 million, fueled largely by higher advisory fees from gold and natural resource funds. Despite the operational improvement and a 14% growth in Average Assets Under Management (AAUM) to $1.6 billion, net income fell to $171,000 ($0.01 per share) due to lower net investment income and unrealized losses on securities. The company's gold-focused strategies saw significant momentum, with Gold Strategy AAUM rising 45% year over year.
Topics: Assets Under Management ETF Growth Gold Funds Net Income Operating Revenue