Filing Flows › U S Global Investors (GROW) › Q1 FY26
U S Global Investors (GROW) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 12, 2025
U S Global Investors (GROW) reported revenue of $2.3M for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and +15% from the quarter before. Operating margin was -22.9%, net earnings $1.5M (66.9% of revenue).
U S Global Investors, Q1 FY26: revenue $2.3M (+4% year over year), operating margin -22.9%, net earnings $1.5M, operating cash flow −$32K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3M | +15% | +4% |
| Operating profit | −$515K | — | — |
| Net earnings | $1.5M | — | — |
| Operating cash flow | −$32K | — | — |
What changed
Revenue was $2.3M in Q1 FY26, up 4% year over year and up 15% from the previous quarter. Investment Advisory Services was the largest line at 98% of revenue. Investment Advisory Services added $82K year over year (up 4%), 87% of the total change.
Operating costs exceeded revenue by $515K, an operating margin of -22.9%. Total costs grew 2% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $1.5M, up 378% year over year. The effective tax rate was 18.3%. Non-operating items added $2.4M, 128% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$32K. Non-cash charges added back $9K of share-based compensation. Working capital and other items used $1.5M.
Questions
What was U S Global Investors' revenue in the first quarter fiscal 2026?
U S Global Investors (GROW) reported revenue of $2.3M for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and +15% from the quarter before.
Was U S Global Investors profitable in the first quarter fiscal 2026?
Operating loss was $515K (-22.9% of revenue) and net earnings $1.5M.