U.S. Global Investors 2025 Q4 Earnings Sharp Net Loss Amid Economic Volatility

U.S. Global Investors (GROW) reported its fiscal 2025 Q4 earnings on September 8, 2025. The company faced a challenging quarter marked by a significant drop in revenue and a swing to a net loss. This performance reflects the broader economic headwinds and uncertainty affecting the market.

U.S. Global Investors (GROW) posted a revenue decline of 19.7% in Q4 2025, with total revenue falling to $1.96 million from $2.44 million in the same period of 2024. The earnings report also showed a dramatic shift in profitability, as the company swung to a loss of $0.01 per share from a profit of $0.02 per share a year earlier. Net income fell from $315,000 in Q4 2024 to a net loss of $181,000 in the latest quarter, representing a 157.5% deterioration.

Revenue
The total revenue of U.S. Global Investors decreased by 19.7% to $1.96 million in 2025 Q4, down from $2.44 million in 2024 Q4.

Earnings/Net Income
U.S. Global Investors swung to a loss of $0.01 per share in 2025 Q4 from a profit of $0.02 per share in 2024 Q4 (161.0% negative change). Meanwhile, the company reported a net loss of $-181,000 in 2025 Q4, reflecting a 157.5% deterioration from the net income of $315,000 achieved in 2024 Q4. This indicates a sharp decline in profitability and a challenging operating environment.

Price Action
The stock price of U.S. Global Investors has edged up 0.41% during the latest trading day, has edged up 1.03% during the most recent full trading week, and has climbed 5.13% month-to-date.

Post-Earnings Price Action Review
Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors, highlighted the challenging market environment in fiscal 2025 marked by uncertainty from proposed tariffs, inflation concerns, and economic volatility. Despite the difficult conditions, he noted a strong rebound in U.S. equities from April lows, reflecting the resilience of the American economy. The Company remains focused on disciplined strategies in specialized sectors like gold and defense, leveraging decades of expertise. Holmes emphasized gold’s role as a vital asset amid rising U.S. debt and de-dollarization efforts, recommending a 10% allocation split between physical gold and high-quality gold equities. He also underscored the strategic importance of the AI-focused WAR ETF and international ETF listings in Mexico and Colombia to expand global access and market reach.

CEO Commentary
Frank Holmes expressed confidence in long-term investment themes such as defense spending, AI, and gold, positioning the Company’s ETFs to capitalize on these areas. He emphasized the importance of gold as a store of value in an era of macroeconomic uncertainty and highlighted the firm’s efforts to grow its international footprint through ETF listings in emerging markets.

Guidance
The Company did not provide explicit forward-looking guidance on revenue, earnings, or AUM for future periods. However, Mr. Holmes expressed confidence in long-term investment themes such as defense spending, AI, and gold, positioning the Company’s ETFs to capitalize on these areas. No specific quantitative targets or expectations were stated for fiscal 2026 or beyond.

Additional News
On September 7, 2025, Nigerian police arrested 30 suspected thugs during a Malud procession in Niger State, signaling intensified law enforcement efforts during religious events. In Lagos, protesters blocked the Third Mainland Bridge, stranding motorists and highlighting ongoing tensions in the city. In education, Nigeria’s Nursing Council announced the removal of its policy expelling students who fail three exams, potentially easing academic pressure on nursing students. Additionally, Nigeria’s Federal Government continues to engage with private sector leaders, including Dangote, to address economic challenges such as fuel surcharge disputes and foreign exchange reforms.