U.S. Global Investors Reports Q2 2025 Results
Ticker: GROW · Form: 10-Q · Filed: Feb 12, 2025 · CIK: 754811
Sentiment: bearish
Topics: financials, earnings, investment-advisory
TL;DR
USGI Q2 earnings down YoY, assets $5.18B, liabilities $6.20B. Fiscal year ends June 30.
AI Summary
U.S. Global Investors Inc. filed its 10-Q for the period ending December 31, 2024. The company reported total assets of $5.187 billion and total liabilities of $6.204 billion. Net income for the period was $2.533 million, a decrease from $2.113 million in the prior year. The company's fiscal year ends on June 30.
Why It Matters
This filing provides insight into the financial health and performance of U.S. Global Investors Inc., a key player in the investment advisory sector.
Risk Assessment
Risk Level: medium — The company's liabilities exceed its assets, indicating potential financial strain.
Key Numbers
- $5.187B — Total Assets (As of December 31, 2024)
- $6.204B — Total Liabilities (As of December 31, 2024)
- $2.533M — Net Income (For the period ending December 31, 2024)
- $2.113M — Net Income (For the prior year period ending December 31, 2023)
Key Players & Entities
- U.S. Global Investors Inc. (company) — Filer of the 10-Q
- 20241231 (date) — End of reporting period
- 20250212 (date) — Filing date
- $5.187 billion (dollar_amount) — Total assets
- $6.204 billion (dollar_amount) — Total liabilities
- $2.533 million (dollar_amount) — Net income for the period
- $2.113 million (dollar_amount) — Net income for the prior year period
FAQ
What is the primary business of U.S. Global Investors Inc.?
U.S. Global Investors Inc. is primarily engaged in investment advisory services, as indicated by its SIC code [6282].
What was the net income for the quarter ending December 31, 2024?
The net income for the quarter ending December 31, 2024, was $2.533 million.
How do the total liabilities compare to total assets as of December 31, 2024?
As of December 31, 2024, total liabilities were $6.204 billion, which is greater than total assets of $5.187 billion.
When does U.S. Global Investors Inc.'s fiscal year end?
The company's fiscal year ends on June 30.
What is the filing date of this 10-Q report?
This 10-Q report was filed on February 12, 2025.
Filing Stats: 4,703 words · 19 min read · ~16 pages · Grade level 15.5 · Accepted 2025-02-12 16:21:58
Key Financial Figures
- $0.025 — ich registered Class A common stock, $0.025 par value per share GROW NASDAQ Capit
Filing Documents
- usglobal20241231_10q.htm (10-Q) — 1741KB
- ex_746176.htm (EX-31.1) — 24KB
- ex_746177.htm (EX-32.1) — 10KB
- 0001437749-25-003577.txt ( ) — 8945KB
- grow-20241231.xsd (EX-101.SCH) — 63KB
- grow-20241231_cal.xml (EX-101.CAL) — 55KB
- grow-20241231_def.xml (EX-101.DEF) — 452KB
- grow-20241231_lab.xml (EX-101.LAB) — 383KB
- grow-20241231_pre.xml (EX-101.PRE) — 489KB
- usglobal20241231_10q_htm.xml (XML) — 1824KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION 1
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS 1 CONSOLIDATED BALANCE SHEETS (UNAUDITED) 1 CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) 2 CONSOLIDATED STATEMENTS COMPREHENSIVE INCOME (LOSS) (UNAUDITED) 3 CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) 4 CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) 5
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 6
MANAGEMENT ' S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 2. MANAGEMENT ' S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 21
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 26
CONTROLS AND PROCEDURES
ITEM 4. CONTROLS AND PROCEDURES 27
OTHER INFORMATION
PART II. OTHER INFORMATION 28
RISK FACTORS
ITEM 1A. RISK FACTORS 28
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 28
EXHIBITS
ITEM 6. EXHIBITS 29
SIGNATURES
SIGNATURES 30 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS U.S. GLOBAL INVESTORS, INC. CONSOLIDATED BALANCE SHEETS December 31, 2024 June 30, 2024 (dollars in thousands) (unaudited) Assets Current Assets Cash and cash equivalents $ 26,040 $ 27,399 Restricted cash 1,000 1,000 Investments in trading securities at fair value, current 9,671 9,644 Accounts and other receivables (net of allowance for credit losses of $ 0 , and $ 0 , respectively) 1,035 1,047 Receivable for investment principal repayments (net of allowance for credit losses of $ 0 , and $ 0 , respectively) 750 - Tax receivable 779 729 Prepaid expenses 697 498 Total Current Assets 39,972 40,317 Net Property and Equipment 1,123 1,154 Other Assets Deferred tax asset 1,859 1,833 Investments in trading securities at fair value, non-current 1,279 1,449 Investments in available-for-sale debt securities at fair value (amortized cost: $ 5,187 , and $ 6,204 , respectively) (net of allowance for credit losses of $ 0 , and $ 0 , respectively) 3,037 4,414 Investments in held-to-maturity debt securities at amortized cost 1,000 1,000 Less: Allowance for credit losses ( 74 ) ( 132 ) Investments in held-to-maturity debt securities, net of allowance for credit losses 926 868 Other investments 1,687 1,687 Financing lease, right of use assets 24 38 Other assets, non-current 201 203 Total Other Assets 9,013 10,492 Total Assets $ 50,108 $ 51,963 Liabilities and Shareholders' Equity Current Liabilities Accounts payable $ - $ 14 Accrued compensation and related costs 486 609 Dividends payable 304 313 Financing lease liability, short-term 25 31 Other accrued expenses 1,186 1,197 Total Current Liabilities 2,001 2,164 Long-Term Liabilities Reserve for uncertain tax positions 822 785 Financing lease liability, long-term - 8 Total Long-Term Liabilities 822 793 Total Liabilities 2,823 2,957 Commitments and Contingencies (Note 13) Shareholders
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) NOTE 1. BASIS OF PRESENTATION AND CONSOLIDATION U.S. Global Investors, Inc. (the "Company" or "U.S. Global") has prepared the Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and the rules and regulations of the United States Securities and Exchange Commission ("SEC") that permit reduced disclosure for interim periods. The financial information included herein reflects all adjustments (consisting solely of normal recurring adjustments), which are, in management's opinion, necessary for a fair presentation of results for the interim periods presented. The Company has consistently followed the accounting policies set forth in the notes to the Consolidated Financial Statements in the Company's Form 10 -K for the fiscal year ended June 30, 2024 ("Form 10 -K"). The Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries, U.S. Global Investors (Bermuda) Limited, U.S. Global Investors (Canada) Limited ("USCAN"), and U.S. Global Indices, LLC. There are two primary consolidation models in U.S. GAAP, the variable interest entity ("VIE") and voting interest entity models. The Company's evaluation for consolidation includes whether entities in which it has an interest or from which it receives fees are VIEs and whether the Company is the primary beneficiary of any VIEs identified in its analysis. A VIE is an entity in which either (a) the equity investment at risk is not sufficient to permit the entity to finance its own activities without additional financial support or (b) the group of holders of the equity investment at risk lack certain characteristics of a controlling financial interest. The primary beneficiary is the entity that has the obligation to absorb a majority of the expected losses or the right to receive the majority of the residual returns and consolidates the VIE