U.S. Global Investors Reports Significant Financial Turnaround
News provided byU.S. Global Investors, Inc · 2 min read
SAN ANTONIO, Sept. 03, 2026 /CourierPR/ -- U.S. Global Investors, a registered investment advisory firm based in San Antonio, Texas, reported a significant financial turnaround for the fiscal year ending June 30, 2026. The company posted a net income of $3.1 million, or $0.24 per share, compared to a net loss of $334,000, or $(0.03) per share, in the same period a year earlier.
Revenue growth was a key driver of the improved financials. Total operating revenue for the fiscal year reached $10.3 million, marking a 21% increase from the $8.5 million recorded in the previous year. The rise in revenues was attributed to higher average assets under management (AUM) and a decrease in the performance fee adjustment that had reduced advisory fees in the prior fiscal year.
"Gold and natural resources sector funds, particularly, contributed significantly to our growth," said Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors. "The companies in this sector had a strong year, with the price of gold climbing faster than the cost of extraction, boosting our bottom line."
The company's focus on specialized sectors, including gold and natural resources, yielded dividends. Advisory fees from U.S. Global Investors Funds reached $3.8 million, up by $2.2 million or 128% from the previous fiscal year. This surge was largely due to the growth in average AUM in the funds focused on gold and natural resources, as well as the elimination of a performance fee adjustment that had previously dampened advisory fees.
Central bank buying of gold remained robust, with a net addition of 289 tonnes in the second quarter of 2026, according to the World Gold Council. This marked a fivefold increase from the first quarter and set a record for the second quarter, though the first half of the year saw the slowest buying since 2022.
War ETF, launched in December 2024, also showed strong momentum. By the end of the fiscal year, the U.S. Global Technology and Aerospace & Defense ETF (NYSE: WAR) had grown its assets nearly sevenfold, reaching $41.3 million from $6.1 million at the end of June 30, 2025. This ETF is designed to capture the convergence of artificial intelligence, semiconductors, and cybersecurity with traditional aerospace and defense hardware.
In addition to financial performance, U.S. Global Investors announced share repurchases and the initiation of monthly dividends. The company repurchased 733,848 of its own shares for approximately $2 million during the fiscal year. The Board of Directors also approved a monthly dividend of $0.0075 per share, to be paid from July 2026 through September 2026, marking the continuation of a dividend policy that has been in place since 2007.
U.S. Global Investors maintained strong liquidity with net working capital of $35.7 million and cash reserves of $24.3 million, sufficient to cover current obligations. The company had no outstanding borrowings under its credit facility, indicating a healthy capital position.
Frank Holmes, CEO of U.S. Global Investors, expressed optimism about the company's future. "The companies in our gold and natural resources sector had a better year than the price of gold," he said. "They are holding onto the cash this time, which is encouraging. We are also excited about the growth potential of the WAR ETF, as it captures a new and dynamic sector."