Filing Analysis
U.S. Global Investors, Inc. filed an amended quarterly report (Form 10-Q/A) and issued a press release on June 5, 2026, to correct financial results for the three and nine months ended March 31, 2026. The restatement specifically pertains to the Earnings Per Share (EPS) for the third quarter of 2026.
🚩 Red Flags
- Restatement of financial results is a significant red flag for micro-cap companies as it indicates failures in internal controls over financial reporting.
📋 Key Facts
- The company filed an Amended Quarterly Report on Form 10-Q/A on June 5, 2026.
- The restatement covers the periods ending March 31, 2026 (three and nine month periods).
- The specific metric being corrected is the Earnings Per Share (EPS) for Q3 2026.
- The company claims in its press release that 'Reported Financial Strength Remains Unchanged' despite the EPS correction.
U.S. Global Investors, Inc. announced that its financial statements for the three and nine months ended March 31, 2026, should no longer be relied upon due to an error in calculating weighted-average shares outstanding. This error resulted in an overstatement of EPS by $0.02 for the quarter and $0.01 for the nine-month period.
🚩 Red Flags
- Admission of a 'material weakness' in internal control over financial reporting as of March 31, 2026.
- Failure in the operation of a review control over the share calculation process.
📋 Key Facts
- Non-reliance notice issued on May 29, 2026, for the Form 10-Q filed on May 13, 2026.
- Error caused by a formula omission in a supporting spreadsheet, understating weighted-average shares by 702,484 (3-month) and 230,743 (9-month).
- EPS was overstated by $0.02 for the three-month period and $0.01 for the nine-month period.
- The company confirmed that revenues, expenses, net income, cash flows, and financial position were NOT impacted.
- The company intends to file a Form 10-Q/A to restate the affected statements.
U.S. Global Investors, Inc. (GROW) reported its financial results for the quarter ended March 31, 2026, via a press release. This is a routine quarterly earnings disclosure furnished under Item 2.02.
📋 Key Facts
- Earnings results were reported for the fiscal quarter ended March 31, 2026.
- The press release was issued and the 8-K was filed on May 13, 2026.
- The report was signed by Lisa Callicotte, the Chief Financial Officer.
- The information is furnished under Item 2.02 and is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
U.S. Global Investors, Inc. (GROW) filed an 8-K on February 20, 2026 to furnish its quarterly earnings press release for the quarter ended December 31, 2025. This is a routine earnings announcement under Item 2.02 with no unusual disclosures or red flags in the filing itself.
🚩 Red Flags
- Exhibit 99.1 (actual earnings press release) not available for review — financial health cannot be fully assessed from the 8-K wrapper alone
📋 Key Facts
- Quarterly earnings press release for Q2 FY2026 (quarter ended December 31, 2025)
- Filed under Item 2.02 (Results of Operations and Financial Condition)
- Press release furnished as Exhibit 99.1 — not 'filed' for Section 18 liability purposes
- Signed by CFO Lisa Callicotte on February 20, 2026
- Company is a Texas-based investment management firm traded on NASDAQ Capital Market under ticker GROW
- Class A common stock with $0.25 par value per share
- Company headquarters: 7900 Callaghan Road, San Antonio, Texas 78229