U.S. Global Investors, Inc. (GROW) Income Statement
GROW FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsGROW revenue and net income
Where GROW's revenue goes
FY2026Each bar shows an amount and its share of revenue. GROW kept 39.3% of revenue as net income.
GROW profit margins
GROW growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −8.1% | −19.8% | −18.5% | +3.5% |
| Gross profit | +118.1% | −9.3% | −11.7% | +29.3% |
| Operating income | — | −13.6% | −22.5% | — |
| Net income | — | −1.0% | −37.5% | — |
| EPS (diluted) | — | +2.9% | −35.4% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GROW quarterly EPS vs estimates
Next report: November 11, 2026.
GROW income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.8M | $8.5M | $11.0M | $15.1M | $24.7M | $21.7M | $4.5M | $3.5M | $6.3M | $6.8M |
| Cost of revenue | $84,000 | $4.9M | $4.8M | $4.8M | $6.1M | $7.4M | $2.8M | $2.9M | $4.3M | $3.8M |
| Gross profit | $7.7M | $3.5M | $6.2M | $10.3M | $18.7M | $14.3M | $1.6M | $575,000 | $2.0M | $3.0M |
| Research & development | — | — | — | $0 | $0 | $1 | $1 | $1 | $0 | $0 |
| Sales, general & admin | $5.6M | $6.4M | $6.5M | $6.5M | $7.3M | $5.9M | $3.8M | $3.1M | $4.0M | $3.6M |
| Total operating expenses | $5.4M | $6.5M | $6.7M | $6.8M | $7.5M | $6.1M | $4.0M | $3.3M | $4.3M | $3.9M |
| Operating income | $2.3M | −$3.0M | −$480,000 | $3.5M | $11.1M | $8.2M | −$2.4M | −$2.8M | −$2.3M | −$873,000 |
| Interest income | — | — | — | — | — | — | — | $1.4M | $2.5M | $798,000 |
| Interest expense | $6,000 | $1,000 | $3,000 | $4,000 | $4.0M | $58.1M | $4.7M | $3.0M | $4.6M | $0 |
| Income before taxes | $3.9M | −$262,000 | $1.9M | $4.1M | $5.0M | $37.4M | −$4.6M | −$4.3M | $886,000 | −$527,000 |
| Income taxes | $829,000 | $72,000 | $582,000 | $934,000 | $1.5M | $5.5M | −$175,000 | −$977,000 | $197,000 | $17,000 |
| Net income | $3.1M | −$334,000 | $1.3M | $3.1M | $3.4M | $32.0M | −$4.7M | −$3.4M | $647,000 | −$513,000 |
| EBITDA | $3.9M | −$200,000 | $2.1M | $4.3M | $5.2M | $8.5M | −$2.2M | −$2.5M | −$2.0M | −$620,000 |
| EPS (diluted) | $0.24 | −$0.03 | $0.09 | $0.22 | $2.61 | $2.13 | −$0.30 | −$0.23 | $0.04 | −$0.10 |
| Gross margin | 98.9% | 41.7% | 56.3% | 68.2% | 75.5% | 66.0% | 36.6% | 16.6% | 31.8% | 44.5% |
| Operating margin | 29.3% | −35.3% | −4.4% | 23.4% | 45.0% | 37.7% | −53.7% | −79.7% | −36.5% | −12.9% |
| Net margin | 39.3% | −4.0% | 12.1% | 20.9% | 13.9% | 147.6% | −104.6% | −97.9% | 10.3% | −7.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $4.1M | $2.5M | $2.3M | $2.0M | $2.1M | $2.2M | $2.2M | $2.4M | $2.6M | $2.8M | $3.1M |
| Cost of revenue | $20,000 | $20,000 | $1.3M | $1.2M | $1.3M | $1.3M | $1.2M | $1.1M | $1.4M | $1.2M | $962,000 | $1.3M |
| Gross profit | −$472,000 | $4.1M | $1.2M | $1.1M | $626,000 | $813,000 | $1.0M | $1.1M | $1.1M | $1.4M | $1.9M | $1.9M |
| Sales, general & admin | $1.5M | $1.6M | $1.3M | $1.6M | $1.6M | $1.7M | $1.5M | $1.6M | $1.4M | $1.8M | $1.6M | $1.6M |
| Total operating expenses | $145,000 | $2.6M | $1.3M | $1.6M | $1.6M | $1.7M | $1.5M | $1.6M | $1.5M | $1.9M | $1.7M | $1.6M |
| Operating income | −$617,000 | $1.4M | −$88,000 | −$515,000 | −$996,000 | −$893,000 | −$539,000 | −$559,000 | −$398,000 | −$488,000 | $192,000 | $215,000 |
| Interest expense | $1,000 | $2,000 | $2,000 | $2,000 | $1,000 | $0 | $0 | $1,000 | $1,000 | $1,000 | $0 | $1,000 |
| Income before taxes | −$328,000 | $1.8M | $535,000 | $1.8M | −$338,000 | −$245,000 | −$116,000 | $436,000 | $451,000 | $40,000 | $1.7M | −$241,000 |
| Income taxes | −$45,000 | −$844,000 | $1.4M | $337,000 | −$157,000 | $137,000 | −$30,000 | $121,000 | $136,000 | $75,000 | $436,000 | −$65,000 |
| Net income | −$283,000 | $2.7M | −$846,000 | $1.5M | −$181,000 | −$382,000 | −$86,000 | $315,000 | $315,000 | −$35,000 | $1.2M | −$176,000 |
| EBITDA | −$317,000 | $1.8M | $539,000 | $1.9M | −$327,000 | −$234,000 | −$100,000 | $475,000 | $485,000 | $82,000 | $1.7M | −$179,000 |
| EPS (diluted) | −$0.03 | $0.23 | −$0.07 | $0.12 | −$0.01 | −$0.03 | −$0.01 | $0.02 | $0.02 | −$0.00 | $0.09 | −$0.01 |
| Gross margin | — | 99.5% | 49.4% | 47.5% | 31.9% | 38.7% | 45.0% | 49.9% | 44.4% | 53.4% | 65.9% | 59.3% |
| Operating margin | — | 35.1% | −3.5% | −22.9% | −50.8% | −42.5% | −24.2% | −25.9% | −16.3% | −18.8% | 6.8% | 6.9% |
| Net margin | — | 65.1% | −33.7% | 66.9% | −9.2% | −18.2% | −3.9% | 14.6% | 12.9% | −1.3% | 43.6% | −5.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GROW's financial statements (latest annual report filed September 3, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GROW financial results
In fiscal year 2026 (ended June 30, 2026), U.S. Global Investors reported revenue of $7.8 million, down 8.1% from the year before. It had net income of $3.1 million, a net profit margin of 39.3%. Diluted earnings per share came to $0.24. Over five years revenue grew at an average rate of −18.5% a year.
See the GROW stock overview for the latest quote and news, or the GROW chart for price history and technical indicators.
GROW income statement FAQ
What is U.S. Global Investors's annual revenue?
U.S. Global Investors reported total revenue of $7.8 million for fiscal year 2026, which ended on June 30, 2026. That was down 8.1% from $8.5 million the previous year.
Is U.S. Global Investors profitable?
Yes. U.S. Global Investors reported net income of $3.1 million in fiscal 2026, a net profit margin of 39.3%; its operating margin was 29.3%.
What is U.S. Global Investors's gross margin?
U.S. Global Investors's gross margin was 98.9% in fiscal 2026: for every $100 of revenue, U.S. Global Investors kept $99 after the direct cost of its products and services.
How fast is U.S. Global Investors growing?
Revenue grew −18.5% a year on average over the last five fiscal years, from $21.7 million to $7.8 million.
What are U.S. Global Investors's earnings per share?
U.S. Global Investors earned $0.24 per diluted share in fiscal 2026, compared with $-0.03 a year earlier.
When will U.S. Global Investors report its next earnings?
U.S. Global Investors is expected to report results for the quarter ending September 30, 2026 on November 11, 2026.
When does U.S. Global Investors's fiscal year end?
U.S. Global Investors's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on September 3, 2026.