---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-034548"
form_type: "8-K"
ticker: "GROW"
cik: "0000754811"
company_name: "U S GLOBAL INVESTORS INC"
filed_at: "2023-12-15T23:59:59+00:00"
generated_at: "2026-06-07T12:20:33.745323+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# U.S. Global Investors Q1 FY2024 net loss $176K on revenue decline of 29% YoY

## Summary
- Operating income $215K vs $1.585M YoY; net loss $0.01 per share vs breakeven.
- Revenue $3.1M, down from $4.4M; AUM $2.1B, down 28% from $2.9B.
- Repurchased 198,213 shares for $611K; shareholder yield 6.84%.
- JETS ETF saw $668M net outflows Jan-Sep, but Q4 inflows of $294M through Dec 8.
- Global Luxury Goods Fund (USLUX) outperformed S&P Global Luxury Index in quarter.

## SEC filing metadata
- accession: 0001437749-23-034548
- form_type: 8-K
- ticker: GROW
- cik: 0000754811
- company_name: U S GLOBAL INVESTORS INC
- filed_at: 2023-12-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/754811/000143774923034548/0001437749-23-034548-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/754811/000143774923034548/usglobal20231215_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-034548
- JSON: https://secwatch.observer/filing/0001437749-23-034548.json
- Plain text: https://secwatch.observer/filing/0001437749-23-034548.txt

## Key facts
- Earnings Releases
  U S GLOBAL INVESTORS INC reported quarter ended September 30, 2023 results: revenue $3.1 million, net income net loss of $176,000, or $0.01 per share, EPS $0.01 per share.
  - Period: quarter ended September 30, 2023
  - Revenue: $3.1 million
  - Net income: net loss of $176,000, or $0.01 per share
  - EPS: $0.01 per share
  - Result: reported results
  source text: U.S. Global Investors, Inc. (NASDAQ: GROW ) (the “Company”), a registered investment advisory firm with longstanding experience in global markets and specialized sectors from gold mining to airlines, today reported operating income of $215,000 for the quarter ended September 30, 2023, on total revenues of $3.1 million. The Company recorded a net loss of $176,000, or $0.01 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/754811/000143774923034548/0001437749-23-034548-index.htm

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