---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-003582"
form_type: "8-K"
ticker: "GROW"
cik: "0000754811"
company_name: "U S GLOBAL INVESTORS INC"
filed_at: "2025-02-12T23:59:59+00:00"
generated_at: "2026-05-26T23:08:12.761452+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 Q2 net loss $86K, AUM drops to $1.5B, launches WAR ETF

## Summary
- Net loss of $86K ($0.01/share) vs net income $1.2M a year ago; revenue $2.2M, down 21% YoY.
- AUM at Dec 31, 2024 was $1.5B, down ~29% from $2.1B a year earlier.
- Launched new actively managed ETF, U.S. Global Technology and Aerospace & Defense ETF (WAR), on Dec 30, 2024.
- Board approved $0.0075/month dividend for Jan-Mar 2025; repurchased 807,761 shares in CY2024.
- Net working capital $38M, cash $26M; no debt.

## SEC filing metadata
- accession: 0001437749-25-003582
- form_type: 8-K
- ticker: GROW
- cik: 0000754811
- company_name: U S GLOBAL INVESTORS INC
- filed_at: 2025-02-12T23:59:59+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/754811/000143774925003582/0001437749-25-003582-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/754811/000143774925003582/usglobal20250212_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-003582
- JSON: https://secwatch.observer/filing/0001437749-25-003582.json
- Plain text: https://secwatch.observer/filing/0001437749-25-003582.txt

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