U.S. Global Investors 2026 Q1 Earnings Net Income Surges 378%

U.S. Global Investors (GROW) reported fiscal 2026 Q1 earnings on Nov 13, 2025, with net income rising 378% to $1.51 million, driven by a 300% surge in investment income. The company exceeded expectations in profitability but provided no explicit revenue or EPS guidance, maintaining a focus on gold market tailwinds and shareholder yield initiatives.

Revenue

Total revenue for Q1 2026 reached $2.25 million, a 4.4% increase from $2.16 million in the prior-year quarter. Advisory fees accounted for the bulk of revenue at $2.21 million, while administrative services fees contributed $42,000. These figures reflect the company’s reliance on fee-based income from its investment management operations.

Earnings/Net Income

Earnings per share (EPS) soared 500% to $0.12 in Q1 2026, compared to $0.02 in Q1 2025, while net income grew 378% to $1.51 million. This marked a significant rebound in profitability, fueled by rising gold prices and strong investment income. The EPS performance underscores the company’s ability to capitalize on favorable market conditions.

Price Action

Following the earnings report, GROW shares declined 2.07% in a single trading day, 4.07% over the week, and 8.88% month-to-date as of Nov 13, 2025.

Post-Earnings Price Action Review

The strategy of buying GROW shares after the quarterly earnings report and selling 30 days later has underperformed over the past three years. An average buy price of $127.14 versus a sell price of $133.33 yielded a 4.87% gain, lagging the S&P 500’s 28.09% return during the same period.

CEO Commentary

CEO Frank Holmes attributed the results to a 378% net income surge driven by investment income growth and rising gold prices. He emphasized the company’s strategic focus on gold as a hedge against debt and economic uncertainty, highlighting exposure through funds like USERX, UNWPX, and GOAU. Holmes also noted optimism about gold miners and AI-driven thematic ETFs.

Guidance

The company announced a $0.0075 monthly dividend for October–December 2025, with $400,000 spent on 159,074 shares repurchased in Q1 2026. It reiterated a $5 million annual buyback program but provided no revenue or EPS guidance, citing ongoing focus on liquidity and shareholder yield.

Additional News

U.S. Global Investors outlined an 8.32% shareholder yield strategy, doubling its dividend and expanding exposure to gold, AI, and shipping sectors. The firm increased its Bitcoin ecosystem investments through HIVE and emphasized thematic ETFs like WAR, aligned with Bank of America’s 2025 top themes. Additionally, it announced a $0.0075 per share monthly dividend for Q4 2025, underscoring its commitment to capital returns amid $338 trillion in global debt.