U.S. Global Investors, Inc. (GROW) Balance Sheet
GROW balance sheet, FY2026
June 30, 2026 · U.S. dollars$48.7M assets = $3.6M liabilities + $45.1M equity
Both columns are drawn to the same scale: what GROW owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GROW financial health
Debt / equity0.00
Low leverage · $0.00 of debt for each $1 of equity
Equity / assets92.7%
Equity-funded · of assets funded by shareholders
Cash / debt23,089.9%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
GROW balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $25.5MFY2017 | $48.7MFY2026 | +7.4%/yr | |
| Total liabilities | $1.2MFY2017 | $3.6MFY2026 | +13.2%/yr | |
| Shareholders’ equity | $23.9MFY2017 | $45.1MFY2026 | +7.3%/yr | |
| Cash & short-term investments | $13.7MFY2017 | $34.2MFY2026 | +10.7%/yr | |
| Total debt | $78,000FY2017 | $148,000FY2026 | +7.4%/yr | |
| Net cash (debt) | $13.6MFY2017 | $34.0MFY2026 | +$20.4M | |
| Working capital | $16.3MFY2017 | $27.2MFY2026 | +$10.9M | |
| Book value per share | $1.57FY2017 | $3.56FY2026 | +9.5%/yr | |
| Debt / equity | 0.00FY2017 | 0.00FY2026 | 0.00 | |
| Shares outstanding | 15.2MFY2017 | 12.7MFY2026 | −2.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GROW assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
GROW liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
GROW debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GROW balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $34.2M | $34.2M | $37.0M | $37.0M | $34.5M | $20.8M | $8.3M | $9.5M | $14.5M | $13.7M |
| Cash & equivalents | $24.3M | $24.6M | $27.4M | $25.4M | $22.3M | $14.4M | $1.9M | $1.5M | $6.4M | $4.0M |
| Short-term investments | $9.8M | $9.7M | $9.6M | $11.6M | $12.1M | $6.3M | $6.3M | $8.0M | $8.2M | $9.7M |
| Receivables | $1.9M | $3.3M | $1.8M | $1.8M | $2.2M | $4.7M | $974,000 | $508,000 | $1.3M | $2.5M |
| Inventory | $0 | $0 | −$10.4M | −$12.2M | $1 | −$8.5M | −$6.3M | −$8.2M | −$35,000 | −$9.7M |
| Other current assets | $0 | $1.5M | $11.9M | $13.7M | $1.4M | $9.8M | $7.6M | $11.3M | $1.4M | $11.0M |
| Total current assets | $27.2M | $39.1M | $40.3M | $40.4M | $38.0M | $26.8M | $10.5M | $13.1M | $17.1M | $17.5M |
| Property, plant & equipment (net) | $1.2M | $1.1M | $1.2M | $1.2M | $1.5M | $1.4M | $1.6M | $1.7M | $2.0M | $2.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $2.2M | $1.6M | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $7.6M | $6.4M | $8.4M | $12.0M | $20.7M | $34.0M | $6.6M | $8.9M | $9.6M | $5.5M |
| Other non-current assets | $12.8M | $1.5M | $2.0M | $0 | $0 | $99,000 | $92,000 | $64,000 | $264,000 | $312,000 |
| Total assets | $48.7M | $48.1M | $52.0M | $55.7M | $58.4M | $62.3M | $18.8M | $23.7M | $28.9M | $25.5M |
| Liabilities | ||||||||||
| Accounts payable | $569,000 | $449,000 | $500,000 | $629,000 | $870,000 | $553,000 | $255,000 | $247,000 | $731,000 | $489,000 |
| Short-term debt | $28,000 | $8,000 | $31,000 | $28,000 | $54,000 | $43,000 | $492,000 | — | — | — |
| Deferred revenue | — | — | −$495,000 | −$486,000 | — | — | — | — | — | — |
| Total current liabilities | $28,000 | $1.9M | $2.2M | $2.9M | $4.1M | $5.2M | $2.0M | $1.4M | $1.8M | $1.2M |
| Long-term debt | $75,000 | $75,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $73,000 | $8,000 | $39,000 | $66,000 | $93,000 | $43,000 | $93,000 | — | — | — |
| Other long-term liabilities | $3.5M | $908,000 | $793,000 | $713,000 | $66,000 | $2.8M | $43,000 | $133,000 | $1.1M | $484,000 |
| Total liabilities | $3.6M | $2.9M | $3.0M | $3.7M | $4.2M | $8.0M | $2.1M | $1.6M | $2.9M | $1.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $399,000 | $399,000 | $399,000 | $399,000 | $399,000 | $399,000 | $399,000 | $399,000 | $16.0M | $16.0M |
| Retained earnings (deficit) | $37.9M | $35.9M | $37.5M | $37.6M | $35.9M | $33.8M | $2.6M | $7.8M | $9.5M | $9.3M |
| Treasury stock | — | — | — | — | — | — | −$1.9M | −$1.9M | −$1.9M | −$1.8M |
| Accumulated other comprehensive income | — | $98,000 | $584,000 | $1.3M | $3.6M | $6.6M | −$4,000 | −$206,000 | $1.9M | $264,000 |
| Minority interest | — | — | — | — | — | — | — | $467,000 | $518,000 | $484,000 |
| Total shareholders' equity | $45.1M | $45.2M | $49.0M | $52.0M | $54.2M | $54.3M | $16.8M | $21.7M | $25.5M | $23.9M |
| Key figures | ||||||||||
| Total debt | $148,000 | $83,000 | $39,000 | $66,000 | $93,000 | $43,000 | $535,000 | $1.8M | $65,000 | $78,000 |
| Net cash (debt) | $34.0M | $34.2M | $37.0M | $37.0M | $34.4M | $20.7M | $7.7M | $7.6M | $14.5M | $13.6M |
| Working capital | $27.2M | $37.2M | $38.2M | $37.4M | $33.9M | $21.6M | $8.5M | $11.7M | $15.3M | $16.3M |
| Tangible book value | $45.1M | $45.2M | $49.0M | $49.8M | $52.5M | $54.3M | $16.8M | $21.7M | $25.5M | $23.9M |
| Book value per share | $3.56 | $3.39 | $3.46 | $3.55 | $3.61 | $3.61 | $1.11 | $1.43 | $1.69 | $1.57 |
| Shares outstanding | 12.7M | 13.3M | 14.2M | 14.6M | 15.0M | 15.1M | 15.1M | 15.1M | 15.2M | 15.2M |
| Current ratio | 971.68 | 20.87 | 18.63 | 13.74 | 9.20 | 5.20 | 5.25 | 9.14 | 9.66 | 14.98 |
| Quick ratio | 1,287.50 | 20.05 | 17.94 | 13.22 | 8.87 | 4.94 | 4.60 | 6.98 | 8.91 | 13.85 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.08 | 0.00 | 0.00 |
| Equity / assets | 92.7% | 94.1% | 94.3% | 93.4% | 92.8% | 87.2% | 89.1% | 91.4% | 88.3% | 93.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $34.2M | $34.7M | $35.4M | $34.3M | $34.2M | $36.0M | $35.7M | $37.0M | $37.0M | $37.5M | $37.6M | $37.6M |
| Cash & equivalents | $24.3M | $24.6M | $25.2M | $24.6M | $24.6M | $26.3M | $26.0M | $27.3M | $27.4M | $27.5M | $27.5M | $26.8M |
| Short-term investments | $9.8M | $10.2M | $10.2M | $9.7M | $9.7M | $9.7M | $9.7M | $9.7M | $9.6M | $10.1M | $10.1M | $10.8M |
| Receivables | $1.9M | $1.7M | $1.6M | $3.4M | $3.3M | $1.7M | $2.6M | $1.7M | $1.8M | $1.8M | $1.6M | $1.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$359,000 | −$231,000 | $2 | −$10.3M | −$12.2M |
| Other current assets | $0 | $1.7M | $1.7M | $1.4M | $1.5M | $1.6M | $1.7M | $1.7M | $1.7M | $1.6M | $11.6M | $13.6M |
| Total current assets | $27.2M | $38.1M | $38.7M | $39.1M | $39.1M | $39.3M | $40.0M | $40.1M | $40.3M | $40.9M | $40.4M | $40.5M |
| Property, plant & equipment (net) | $1.2M | $1.2M | $1.2M | $1.2M | $1.1M | $1.1M | $1.1M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $7.6M | $8.0M | $6.5M | $7.5M | $6.4M | $6.2M | $6.9M | $7.8M | $8.4M | $8.6M | $9.7M | $9.9M |
| Other non-current assets | $12.8M | $1.7M | $899,000 | $1.1M | $1.5M | $2.1M | $2.1M | $2.0M | $2.0M | $2.0M | $2.3M | $2.5M |
| Total assets | $48.7M | $48.9M | $47.2M | $48.9M | $48.1M | $48.8M | $50.1M | $51.1M | $52.0M | $52.8M | $53.6M | $54.1M |
| Liabilities | ||||||||||||
| Accounts payable | $569,000 | $557,000 | $18,000 | $453,000 | $449,000 | $567,000 | $495,000 | $527,000 | $500,000 | $375,000 | $415,000 | $324,000 |
| Short-term debt | $28,000 | $27,000 | $27,000 | $26,000 | $8,000 | $17,000 | $25,000 | $33,000 | $31,000 | $31,000 | $30,000 | $30,000 |
| Deferred revenue | — | — | — | — | — | — | — | — | — | −$317,000 | −$322,000 | −$324,000 |
| Total current liabilities | $28,000 | $1.8M | $27,000 | $1.9M | $1.9M | $1.8M | $2.0M | $1.9M | $2.2M | $2.3M | $2.2M | $2.8M |
| Long-term debt | $75,000 | $75,000 | $75,000 | $75,000 | $75,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $73,000 | $79,000 | $86,000 | $92,000 | $8,000 | $17,000 | $25,000 | $33,000 | $39,000 | $47,000 | $54,000 | $62,000 |
| Other long-term liabilities | $3.5M | $978,000 | $2.9M | $958,000 | $908,000 | $846,000 | $822,000 | $802,000 | $793,000 | $585,000 | $589,000 | $563,000 |
| Total liabilities | $3.6M | $2.9M | $3.0M | $2.9M | $2.9M | $2.7M | $2.8M | $2.7M | $3.0M | $2.9M | $2.7M | $3.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $399,000 | $399,000 | $399,000 | $399,000 | $399,000 | $399,000 | $399,000 | $399,000 | $399,000 | $399,000 | $399,000 | $399,000 |
| Retained earnings (deficit) | $37.9M | $38.4M | $36.0M | $37.2M | $35.9M | $36.4M | $37.1M | $37.5M | $37.5M | $37.6M | $38.0M | $37.1M |
| Accumulated other comprehensive income | — | — | — | $39,000 | $98,000 | $184,000 | $308,000 | $442,000 | $584,000 | $831,000 | $963,000 | $1.1M |
| Total shareholders' equity | $45.1M | $46.0M | $44.2M | $46.0M | $45.2M | $46.1M | $47.3M | $48.4M | $49.0M | $49.8M | $50.9M | $50.7M |
| Key figures | ||||||||||||
| Total debt | $148,000 | $154,000 | $161,000 | $167,000 | $83,000 | $17,000 | $25,000 | $33,000 | $39,000 | $47,000 | $54,000 | $62,000 |
| Net cash (debt) | $34.0M | $34.6M | $35.2M | $34.2M | $34.2M | $35.9M | $35.7M | $37.0M | $37.0M | $37.5M | $37.5M | $37.6M |
| Working capital | $27.2M | $36.2M | $38.6M | $37.2M | $37.2M | $37.5M | $38.0M | $38.2M | $38.2M | $38.6M | $38.3M | $37.7M |
| Tangible book value | $45.1M | $46.0M | $44.2M | $46.0M | $45.2M | $46.1M | $47.3M | $48.4M | $49.0M | $49.8M | $50.9M | $50.7M |
| Book value per share | $3.66 | $3.88 | $3.46 | $3.54 | $3.46 | $3.54 | $3.50 | $3.53 | $3.47 | $3.54 | $3.56 | $3.50 |
| Shares outstanding | 12.3M | 11.9M | 12.8M | 13.0M | 13.1M | 13.0M | 13.5M | 13.7M | 14.1M | 14.1M | 14.3M | 14.5M |
| Current ratio | 971.68 | 20.91 | 1,431.70 | 20.51 | 20.87 | 21.69 | 19.98 | 20.96 | 18.63 | 17.49 | 18.78 | 14.32 |
| Quick ratio | 1,287.50 | 19.99 | 1,370.30 | 19.78 | 20.05 | 20.78 | 19.13 | 20.25 | 17.94 | 16.79 | 18.19 | 13.85 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 92.7% | 94.1% | 93.5% | 94.0% | 94.1% | 94.5% | 94.4% | 94.7% | 94.3% | 94.5% | 94.9% | 93.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 3, 2026); data from EODHD.
GROW financial position
At the end of fiscal 2026 (June 30, 2026), U.S. Global Investors had total assets of $48.7 million (up 1.3% from a year earlier), total liabilities of $3.6 million and shareholders' equity of $45.1 million. It held $34.2 million in cash and short-term investments against $0.1 million of debt, a net cash position of $34.0 million. Its current ratio was 971.68.
Related: GROW income statement, GROW cash flow statement, GROW key metrics. See the GROW stock overview for the latest quote and news.
GROW balance sheet FAQ
What are U.S. Global Investors's total assets?
U.S. Global Investors reported total assets of $48.7 million at the end of fiscal 2026 (June 30, 2026), compared with $48.1 million a year earlier.
How much debt does U.S. Global Investors have?
U.S. Global Investors had $0.1 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does U.S. Global Investors have?
U.S. Global Investors held $34.2 million in cash and short-term investments at the end of fiscal 2026; with $0.1 million of debt that is net cash of $34.0 million.
What is U.S. Global Investors's book value?
U.S. Global Investors's shareholders' equity (book value) was $45.1 million at the end of fiscal 2026, or $3.56 per share.
What is U.S. Global Investors's current ratio?
U.S. Global Investors had current assets of $27.2 million and current liabilities of $0.0 million, a current ratio of 971.68 (it can cover its short-term obligations).