# U.S. Global Investors, Inc. (GROW)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $37M  
**Price:** $2.78

> U.S. Global Investors, Inc. is an investment management firm that offers a broad range of financial products and services. The primary role of the company is to manage mutual funds and offer value-added investment strategies focused on a rich array of asset classes. U.S. Global Investors is renowned for its expertise in gold, precious metals, natural resources, emerging markets, and global infrastructure sectors. By leveraging its sector-specific knowledge, the firm attracts investors seeking to diversify their portfolios beyond conventional asset classes. The company is engaged in offering financial advisory services aimed at achieving client-specific investment goals while navigating the dynamic market landscape. Additionally, U.S. Global Investors is recognized for its in-depth research and analytical capabilities, enabling it to make informed investment decisions on behalf of its clients. With its headquarters in San Antonio, Texas, the firm plays a noteworthy role in the investment management industry by focusing on innovative approaches to growth opportunities in thriving economic sectors.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $8M | — | -$3M | -$334,000 | $-0.03 |
| 2024 | $11M | — | -$480,000 | $1M | $0.09 |
| 2023 | $15M | — | $4M | $3M | $0.22 |
| 2022 | $25M | — | $11M | $3M | $0.23 |
| 2021 | $22M | — | $8M | $32M | $2.12 |
| 2020 | $4M | — | -$2M | -$5M | $-0.31 |
| 2019 | $3M | — | -$3M | -$3M | $-0.22 |
| 2018 | $6M | — | -$2M | $647,000 | $0.04 |
| 2017 | $7M | — | -$873,000 | -$513,000 | $-0.03 |
| 2012 | $24M | — | $3M | $2M | $0.10 |
| 2011 | $42M | — | $11M | $8M | $0.51 |
| 2010 | $35M | — | — | $5M | $0.35 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $48M | $3M | $45M | $25M | — |
| 2024 | $52M | $3M | $49M | $27M | — |
| 2023 | $56M | $4M | $52M | $25M | — |
| 2022 | $58M | $5M | $54M | $22M | — |
| 2021 | $62M | $8M | $54M | $14M | — |
| 2020 | $19M | $2M | $17M | $2M | — |
| 2019 | $24M | $2M | $22M | $1M | — |
| 2018 | $29M | $3M | $26M | $6M | — |
| 2017 | $26M | $1M | $24M | $4M | — |
| 2012 | $42M | $3M | $39M | $21M | — |
| 2011 | $46M | $5M | $41M | $27M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$822,000 | $7,000 | -$829,000 |
| 2024 | $990,000 | $213,000 | $777,000 |
| 2023 | $3M | $14,000 | $3M |
| 2022 | $11M | $220,000 | $10M |
| 2021 | $5M | $73,000 | $5M |
| 2020 | -$2M | — | -$2M |
| 2019 | -$1M | — | -$1M |
| 2018 | -$34,000 | — | -$34,000 |
| 2017 | $690,000 | — | $690,000 |
| 2016 | $3M | $13,000 | $3M |
| 2015 | -$672,000 | $40,000 | -$712,000 |
| 2014 | -$15M | $30,000 | -$15M |
| 2013 | $461,000 | $39,000 | $422,000 |
| 2012 | $2M | $18,000 | $2M |
| 2011 | $8M | $86,512 | $8M |

Source: [CompaniesByCap](https://companiesbycap.com/company/GROW)