GROW on Nasdaq
U S GLOBAL INVESTORS INC
U.S. Global, a Texas corporation organized in 1968, is a registered investment adviser under the Investment Advisers Act of 1940, as amended (“Advisers Act”).4 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerGROW on Nasdaq1
- IndustryInvestment Advice1
- HeadquartersSan Antonio, Texas1
- Incorporated inTX3
- Business address7900 Callaghan Rd, San Antonio, Tx 782293
- Filer categoryNon-accelerated filer, Smaller reporting company3
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U.S. Global, a Texas corporation organized in 1968, is a registered investment adviser under the Investment Advisers Act of 1940, as amended (“Advisers Act”). The Company, with principal operations located in San Antonio, Texas, manages two business segments:4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Other costs73¢$10.5M
- Income tax6¢$829.0K
- Profit21¢$3.1M
Out of $14.4M in revenue.2
Where each dollar of operating cash went, fiscal 2026
- Capital spending2¢$60.0K
- Dividends paid36¢$1.1M
- Share buybacks62¢$2.0M
Out of $742.0K of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5M5 | $4.5M6 | $21.7M7 | $24.7M8 | $15.1M9 | $11.0M10 | $10.8M2 | $14.4M2 |
| Gross profit | -$531.0K2 | $3.6M2 | ||||||
| Operating expenses | $13.6M8 | $11.5M9 | $11.5M10 | $11.4M2 | $10.9M2 | |||
| Operating income | -$2.8M5 | -$2.4M6 | $8.2M7 | $11.1M8 | $3.5M9 | -$480.0K10 | -$3.0M2 | -$603.0K2 |
| Interest | $08 | $4.0K8 | ||||||
| Income before tax | $5.0M8 | $4.1M9 | $1.9M10 | -$262.0K2 | $3.9M2 | |||
| Income tax | -$977.0K5 | -$175.0K6 | $5.5M7 | $1.5M8 | $934.0K9 | $582.0K10 | $72.0K2 | $829.0K2 |
| Net income | -$3.4M5 | -$4.7M6 | $32.0M7 | $3.4M8 | $3.1M9 | $1.3M10 | -$334.0K2 | $3.1M2 |
| Earnings per share | -$0.225 | -$0.316 | $2.127 | $0.238 | $0.229 | $0.0910 | -$0.032 | $0.242 |
| Earnings per share (diluted) | -$0.225 | -$0.316 | $2.127 | $0.238 | $0.229 | $0.0910 | -$0.032 | $0.242 |
| Shares (weighted, basic) | 15.0M shares8 | 14.6M shares9 | 14.2M shares10 | 13.3M shares2 | 12.7M shares2 | |||
| Shares (weighted, diluted) | 15.0M shares8 | 14.6M shares9 | 14.2M shares10 | 13.3M shares2 | 12.7M shares2 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash | $1.5M5 | $1.9M6 | $14.4M7 | $22.3M8 | $25.4M9 | $27.4M10 | $24.6M2 | $24.3M2 |
| Current assets | $13.1M5 | $10.5M6 | $26.8M7 | $38.0M8 | $40.4M9 | $40.3M10 | $39.1M2 | $37.6M2 |
| Property, plant and equipment | $1.4M8 | $1.1M9 | $1.2M10 | $1.1M2 | $1.1M2 | |||
| Total assets | $23.7M5 | $18.8M6 | $62.3M7 | $58.4M8 | $55.7M9 | $52.0M10 | $48.1M2 | $48.0M2 |
| Accounts payable | $73.0K8 | $143.0K9 | $14.0K10 | $10.0K2 | $4.0K2 | |||
| Current liabilities | $1.4M5 | $2.0M6 | $5.2M7 | $4.1M8 | $2.9M9 | $2.2M10 | $1.9M2 | $1.9M2 |
| Long-term debt | $014 | |||||||
| Long-term liabilities | $445.0K8 | $713.0K9 | $793.0K10 | $983.0K2 | $988.0K2 | |||
| Total liabilities | $1.6M5 | $2.1M6 | $8.0M7 | $4.6M8 | $3.7M9 | $3.0M10 | $2.9M2 | $2.9M2 |
| Retained earnings | $35.9M8 | $37.6M9 | $37.5M10 | $35.9M2 | $37.9M2 | |||
| Shareholders’ equity | $21.7M5 | $16.8M7 | $54.3M8 | $53.6M9 | $52.0M10 | $49.0M2 | $45.2M2 | $45.1M2 |
| Shares outstanding | 11.6M shares9 | 10.9M shares15 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -$1.1M5 | -$2.0M6 | $4.8M7 | $10.5M8 | $2.9M9 | $990.0K10 | -$822.0K2 | $742.0K2 |
| Depreciation and amortization | $226.0K8 | $243.0K9 | $196.0K10 | $61.0K2 | $42.0K2 | |||
| Stock-based compensation | $733.0K8 | $08 | $010 | $124.0K2 | $9.0K2 | |||
| Capital spending | $014 | $06 | $73.0K7 | $220.0K8 | $14.0K9 | $213.0K10 | $7.0K2 | $60.0K2 |
| Free cash flow | -$1.1M | -$2.0M | $4.7M | $10.3M | $2.9M | $777.0K | -$829.0K | $682.0K |
| Cash from investing | -$1.0M8 | $2.7M9 | $4.4M10 | $1.1M2 | $2.1M2 | |||
| Dividends paid | $454.0K5 | $452.0K6 | $640.0K7 | $1.2M8 | $1.3M9 | $1.3M10 | $1.2M2 | $1.1M2 |
| Share buybacks | $24.0K5 | $113.0K6 | $314.0K7 | $452.0K8 | $1.2M9 | $2.2M10 | $2.0M2 | $2.0M2 |
| Cash from financing | -$1.6M8 | -$2.5M9 | -$3.4M10 | -$3.1M2 | -$3.1M2 | |||
| Dividend per share | $0.0110 | $0.012 | $0.012 |
Leadership
Who has led U S GLOBAL INVESTORS INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerFrank E. Holmes Jan 4, 2006 to now16
- PresidentSusan B. McGee Jan 4, 2006 to Jun 4, 201817
- Chief financial officerLisa Callicotte Aug 2, 2013 to now18
- Chief financial officerCatherine Ann Rademacher Jan 4, 2006 to Aug 2, 201319
Board members and other officers (6)
- CIOLisa Callicotte Jul 1, 2016 to Jul 1, 201620
- Board memberJerold H. Rubinstein Apr 16, 2007 to Oct 6, 202021
- Board memberFrank E. Holmes Jan 4, 2006 to now16
- Board memberThomas F. Lydon Jr. Feb 17, 2006 to Oct 6, 202022
- Board memberRoy D. Terracina Feb 28, 2006 to Oct 6, 202023
- General counselSusan B. McGee Jan 4, 2006 to Jun 4, 201817
Former names
- UNITED SERVICES ADVISORS INC /TX/Sep 28, 1995 to Jan 30, 19963
Timeline
- Jan 4, 2006New chief executive Frank E. Holmes becomes CEO16
Filings
229 filings to the SEC since October 2021: 10 annual reports, 19 quarterly reports, 36 major events, 129 insider forms, 10 large holders, 25 other. The latest 20:
- Oct 1, 20264 PRIMARY DOCUMENT EDGAR
- Oct 1, 20264 PRIMARY DOCUMENT EDGAR
- Sep 3, 20268-K EDGAR
- Sep 3, 202610-K EDGAR
- Sep 1, 20264 PRIMARY DOCUMENT EDGAR
- Sep 1, 20264 PRIMARY DOCUMENT EDGAR
- Aug 3, 20264 PRIMARY DOCUMENT EDGAR
- Aug 3, 20264 PRIMARY DOCUMENT EDGAR
- Jul 27, 202613F-HR EDGAR
- Jul 1, 20264 PRIMARY DOCUMENT EDGAR
- Jul 1, 20264 PRIMARY DOCUMENT EDGAR
- Jun 8, 20268-K EDGAR
- Jun 5, 202610-Q/A EDGAR
- Jun 4, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jun 4, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jun 2, 20268-K EDGAR
- Jun 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jun 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jun 2, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jun 2, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
The 229 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
23 open-market trades by officers, directors and large owners since October 2021: 23 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 3, 2026 | Pilecki Derek Steven | Buy | 330 | $2.60 | $858 | Form 4 |
| Jun 3, 2026 | Gator Capital Management, LLC10% owner | Buy | 330 | $2.60 | $858 | Form 4 |
| Jun 2, 2026 | Pilecki Derek Steven | Buy | 20,496 | $2.59 | $53.1K | Form 4 |
| Jun 2, 2026 | Gator Capital Management, LLC10% owner | Buy | 20,496 | $2.59 | $53.1K | Form 4 |
| May 28, 2026 | Gator Capital Management, LLC10% owner | Buy | 1,376 | $2.60 | $3.6K | Form 4 |
| May 28, 2026 | Pilecki Derek Steven | Buy | 1,376 | $2.60 | $3.6K | Form 4 |
| May 21, 2026 | Gator Capital Management, LLC10% owner | Buy | 23,910 | $2.55 | $61.0K | Form 4 |
| May 21, 2026 | Pilecki Derek Steven | Buy | 23,910 | $2.55 | $61.0K | Form 4 |
| May 13, 2026 | Gator Capital Management, LLC10% owner | Buy | 3,601 | $2.55 | $9.2K | Form 4 |
| May 13, 2026 | Pilecki Derek Steven | Buy | 3,601 | $2.55 | $9.2K | Form 4 |
| May 12, 2026 | Gator Capital Management, LLC10% owner | Buy | 404 | $2.55 | $1.0K | Form 4 |
| May 12, 2026 | Pilecki Derek Steven | Buy | 404 | $2.55 | $1.0K | Form 4 |
| May 11, 2026 | Gator Capital Management, LLC10% owner | Buy | 5,354 | $2.62 | $14.0K | Form 4 |
| May 11, 2026 | Pilecki Derek Steven | Buy | 5,354 | $2.62 | $14.0K | Form 4 |
| May 8, 2026 | Gator Capital Management, LLC10% owner | Buy | 208 | $2.62 | $545 | Form 4 |
| May 8, 2026 | Pilecki Derek Steven | Buy | 208 | $2.62 | $545 | Form 4 |
| May 7, 2026 | Gator Capital Management, LLC10% owner | Buy | 2,976 | $2.62 | $7.8K | Form 4 |
| May 7, 2026 | Pilecki Derek Steven | Buy | 2,976 | $2.62 | $7.8K | Form 4 |
| May 6, 2026 | Gator Capital Management, LLC10% owner | Buy | 259 | $2.61 | $676 | Form 4 |
| May 6, 2026 | Pilecki Derek Steven | Buy | 259 | $2.61 | $676 | Form 4 |
All 23 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Gator Capital Management, LLCSCHEDULE 13G/A, 5 filings Mar 7, 2025 to Jun 2, 202624
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202625
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 10, 2022 to Mar 27, 202626
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 36. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARSusan B. McGee, President
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- 20SEC EDGARLisa Callicotte, CIO
- 21SEC EDGARJerold H. Rubinstein, Board member
- 22SEC EDGARThomas F. Lydon Jr., Board member
- 23SEC EDGARRoy D. Terracina, Board member
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