---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-027037"
form_type: "8-K"
ticker: "GROW"
cik: "0000754811"
company_name: "U S GLOBAL INVESTORS INC"
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T21:41:47.555467+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# U.S. Global Investors Q1 FY2023: operating income $1.6M, revenue $4.4M, net income $0.01/shr

## Summary
- Net income of $118K ($0.01 per share) vs $2.39M ($0.16) YoY; revenue fell 32% to $4.4M.
- Average AUM $2.9B, down from $4.0B YoY; AUM at Sep 30 2022 was $2.3B, down 46%.
- Operating margin 36%; operating income $1.6M vs $2.9M in prior year quarter.
- Net working capital $34.6M; cash $23.3M; share buybacks increased 192% to ~40K shares.
- Monthly dividend of $0.0075/shr maintained through Dec 2022, subject to Board review.

## SEC filing metadata
- accession: 0001437749-22-027037
- form_type: 8-K
- ticker: GROW
- cik: 0000754811
- company_name: U S GLOBAL INVESTORS INC
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/754811/000143774922027037/0001437749-22-027037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/754811/000143774922027037/usglobal20221110_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-027037
- JSON: https://secwatch.observer/filing/0001437749-22-027037.json
- Plain text: https://secwatch.observer/filing/0001437749-22-027037.txt

## Key facts
- Earnings Releases
  U S GLOBAL INVESTORS INC reported the quarter ended September 30, 2022 results: revenue $4.4 million, net income $118,000, EPS $0.01 per share.
  - Period: the quarter ended September 30, 2022
  - Revenue: $4.4 million
  - Net income: $118,000
  - EPS: $0.01 per share
  - Result: reported results
  source text: today reported operating income of $1.6 million for the quarter ended September 30, 2022. The operating margin was a healthy 36% on total revenues of $4.4 million. The Company recorded net income of $118,000, or $0.01 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/754811/000143774922027037/0001437749-22-027037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.