U.S. Global Investors Posts $661K Profit in H1 FY2026 Despite Operating Loss

U.S. Global Investors, Inc., an investment management firm based in Texas, reported net income of $661,000 for the six months ending December 31, 2025, up 189% from $229,000 in the same period a year earlier. The profit came despite an operating loss of $603,000 for the half-year period. Read more earnings reports.

The company's operating loss narrowed from $1.10 million in the prior-year period, driven by a reduction in operating expenses to $5.36 million from $5.49 million. Labor and related expenses rose to $2.45 million from $2.31 million.

The quarterly picture showed volatility. For the three months ending December 31, 2025, U.S. Global swung to a net loss of $846,000, compared with a loss of $86,000 in the year-ago quarter. The quarterly operating loss was $88,000, narrower than the $539,000 loss reported in the prior-year quarter.

Tax expense jumped to $1.72 million for the six-month period from $91,000 a year earlier, while other income increased to $164,000 from $147,000. The company generated $224,000 in cash from operations for the half-year, a turnaround from negative $383,000 in the prior period.

Total assets declined to $47.22 million as of December 31, 2025, from $50.11 million a year earlier. Cash and cash equivalents stood at $25.23 million, up from $24.55 million at the end of the prior fiscal year.

Stockholders' equity decreased to $44.17 million from $45.21 million at June 30, 2025. The company had 10.58 million common shares outstanding as of the period end, down from 10.98 million six months earlier.

Cash from investing activities totaled $2.08 million for the six-month period, while financing activities used $1.63 million in cash. The company reported basic and diluted earnings per share of $0.05 for the half-year, compared with $0.02 in the prior-year period.