U.S. Global Investors Reports 18% Q1 Revenue Growth and Returns to Operating Profitability

U.S. Global Investors, Inc. reported financial results for the first quarter of fiscal 2027, which ended September 30, 2026. The company announced operating revenues of $2.657 million for the quarter, an 18% increase compared to the same period in the prior year. This growth coincided with a return to operating profitability, as the company recorded operating income of $55,000. This figure represents a significant improvement from the operating loss of $515,000 reported in the September 2025 quarter.

Net income for the quarter was $171,000, or $0.01 per share. This compares to net income of $1.507 million, or $0.12 per share, a year earlier. The company attributed the year-over-year decline in net income primarily to lower investment income. During the quarter, operating expenses decreased by 6% year-over-year.

Assets under management (AUM) also saw growth. Average assets under management (AAUM) stood at $1.6 billion, up 14% from $1.4 billion in the same quarter a year earlier. Total assets under management at quarter-end were $1.6 billion, a 17% increase from the previous year.

The company highlighted strong performance in its gold and precious metals strategies. Combined average assets in the Gold and Precious Metal Miners ETF (USERX), World Precious Metals Fund (UNWPX), and U.S. Global GO GOLD and Precious Metal Mines ETF (GOAU) reached $547.6 million, a 45% increase from the September 2025 quarter. Additionally, average assets in the U.S. Global Technology and Aerospace & Defense ETF (WAR) were $37.4 million, up 17% from the previous quarter and nearly five times the level of the same quarter a year earlier.

In terms of shareholder value, the company reported a shareholder yield of 8.33% as of September 30, 2026. The Board of Directors approved a dividend payment of $0.0075 per share per month beginning in October 2026, with payment dates scheduled for November 30 and December 28. During the quarter, the company repurchased 105,457 shares under its open market repurchase program. The company maintains a liquidity position with approximately $24.3 million in cash and cash equivalents and net working capital of approximately $35.4 million.