---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-004929"
form_type: "8-K"
ticker: "GROW"
cik: "0000754811"
company_name: "U S GLOBAL INVESTORS INC"
filed_at: "2026-02-20T23:59:59+00:00"
generated_at: "2026-05-16T01:36:26.048879+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# U.S. Global Investors Q2 AUM rises 12% sequentially to $1.5B; net loss $0.07/shr on tax charge

## Summary
- AUM $1.5B at Dec 31, 2025, up 12% sequentially and 5% YoY; rose to $1.7B by Feb 19, 2026.
- Operating revenue $2.51M, up 11.5% sequentially and $279K YoY; expenses down $172K YoY.
- Income before taxes $535K compared to loss before taxes of $116K in year-ago quarter.
- Net loss $846K ($0.07 per share) due to $1.3M tax expense on HIVE convertible securities; expects $1.3M benefit in Q3.
- Shareholder yield 9.89%; monthly dividend $0.0075/share; repurchased 262,195 shares in quarter.

## SEC filing metadata
- accession: 0001437749-26-004929
- form_type: 8-K
- ticker: GROW
- cik: 0000754811
- company_name: U S GLOBAL INVESTORS INC
- filed_at: 2026-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/754811/000143774926004929/0001437749-26-004929-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/754811/000143774926004929/usglobal20260220_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-004929
- JSON: https://secwatch.observer/filing/0001437749-26-004929.json
- Plain text: https://secwatch.observer/filing/0001437749-26-004929.txt

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