Core Insights - The article discusses the earnings call insights compiled from various transcripts and content available on the Seeking Alpha website, emphasizing the limitations of AI-generated insights [1][1]. Group 1 - The earnings call insights are generated by an AI tool and have not been curated or reviewed by editors, which raises concerns about their accuracy and completeness [1][1]. - The insights are intended for informational purposes only and do not account for individual financial situations or objectives [1][1]. - Seeking Alpha does not provide personalized investment advice and is not a licensed securities dealer or investment adviser [1][1].

Company Overview - U.S. Global Investors is an innovative investment manager with extensive experience in global markets and specialized sectors [5] - The company employs a quantamental strategy to develop thematic smart beta 2.0 products [5] - Founded as an investment club, U.S. Global Investors became a registered investment adviser in 1968 [5] Presentation Details - The webcast features presentations from Frank Holmes, CEO and Chief Investment Officer, Lisa Callicotte, Chief Financial Officer, and Holly Schoenfeldt, Director of Marketing [1] - The company expresses appreciation for its loyal shareholders during the presentation [4]

Company Overview - U.S. Global Investors is an innovative investment manager with extensive experience in global markets and specialized sectors [5] - The company employs a quantamental strategy to develop thematic smart beta 2.0 products [5] - Founded as an investment club, U.S. Global Investors became a registered investment adviser in 1968 [5] Presentation Details - The webcast features presentations from Frank Holmes, CEO and Chief Investment Officer, Lisa Callicotte, Chief Financial Officer, and Holly Schoenfeldt, Director of Marketing [1] - The company expresses appreciation for its loyal shareholders during the presentation [4]

U.S. Global Investors (NasdaqCM:GROW) Q4 2025 Earnings Call September 09, 2025 08:30 AM ET Company ParticipantsHolly Schoenfeldt - Director of MarketingFrank Holmes - CEO and CIOLisa Callicotte - CFOHolly SchoenfeldtInvestment Officer Lisa Callicotte, Chief Financial Officer, and myself, Holly Schoenfeldt, Director of Marketing. Moving on to slide number three. During this webcast, we may make forward-looking statements about our relative business outlook. Any forward-looking statements and all other statem ...

Financial Data and Key Metrics Changes - Average assets under management were $1.4 billion for the year ending June 30, 2025, with operating revenues of $8.5 million, a decrease of $2.5 million or 23% from the previous year [37][38] - The net loss for the year was $334,000, or $0.03 per share, compared to a net income of $1.3 million, or $0.09 per share for fiscal year 2024, representing an unfavorable change of $1.7 million [38] Business Line Data and Key Metrics Changes - Operating revenues decreased primarily due to a reduction in assets under management, especially in the JETS ETF [38] - Operating expenses for the current quarter were $11.4 million, relatively flat compared to the prior year [38] Market Data and Key Metrics Changes - The company noted that gold has reached an all-time high in 2025, with gold stocks showing significant growth, while the ETF space has not experienced redemptions as seen in other ETFs [12][13] - The SEA ETF is connected to emerging markets, highlighting the importance of cargo shipping in global trade [10] Company Strategy and Development Direction - The company aims to create thematic products that are sustainable using a Smart Beta 2.0 strategy, focusing on rigorous backtesting and thematic investing [7][8] - There is a strategic focus on increasing exposure to the Bitcoin ecosystem and acquiring fund assets regularly [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for rapid changes in fund flows and directional shifts in the market, despite current apathy towards JETS and gold [32][35] - The company believes it is well-positioned for a long-term secular bull market, emphasizing the importance of thematic asset classes [34] Other Important Information - The company has a strong balance sheet with high levels of cash and securities, and a current ratio of 20.9 to 1 [39] - The shareholder yield is reported at 9%, indicating an attractive investment opportunity [32] Q&A Session Summary Question: What is the outlook for the JETS ETF? - Management noted that JETS has validated the concept of capturing a significant portion of global GDP, and despite current challenges, they remain positive about its future performance [27][28] Question: How is the company addressing the current market volatility? - The company is strategically buying back stock on down days and preserving cash for future growth opportunities [8][30] Question: What are the key themes driving the company's investment strategy? - The focus is on thematic investing in sectors such as gold, precious metals, and the Bitcoin ecosystem, with an emphasis on macroeconomic factors and government spending [4][9]

Financial Data and Key Metrics Changes - Average assets under management were $1.4 billion for the year ending June 30, 2025, with operating revenues of $8.5 million, representing a decrease of $2.5 million or 23% from the prior year [37][38] - The net loss for the year was $334,000 or $0.03 per share, a decline of $1.7 million compared to the net income of $1.3 million or $0.09 per share for fiscal year 2024 [38] Business Line Data and Key Metrics Changes - Operating revenues decreased primarily due to a reduction in assets under management, especially in the JETS ETF [38] - Operating expenses for the current quarter were $11.4 million, relatively flat compared to the prior year [38] Market Data and Key Metrics Changes - The company noted that gold has reached an all-time high in 2025, with gold stocks showing significant growth [12][13] - Despite the overall market conditions, cargo shipping rates have rebounded, and shipping companies have reported higher dividends [11][12] Company Strategy and Development Direction - The company aims to create thematic products that are sustainable using a Smart Beta 2.0 strategy, focusing on rigorous backtesting and thematic investing [7][8] - There is a strategic emphasis on increasing exposure to the Bitcoin ecosystem and deploying capital into this area, especially following the approval of the Genius Act [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for rapid changes in fund flows and market sentiment, particularly in the airline and gold sectors [32][35] - The company remains committed to long-term growth despite current challenges, with plans to continue stock buybacks and pay monthly dividends [32][35] Other Important Information - The company has a strong balance sheet with high levels of cash and securities, and a current ratio of 20.9 to 1 [39] - The shareholder yield is reported at 9%, indicating an attractive investment opportunity [32] Q&A Session Summary Question: What are the expectations for the JETS ETF? - Management noted that JETS has validated the concept of capturing a significant portion of the airline industry, which is nearly 9% of global GDP, and continues to show resilience despite market challenges [28][29] Question: How is the company addressing the current market volatility? - The company is strategically buying back stock on down days and preserving cash for future growth opportunities, indicating a proactive approach to market fluctuations [8][32] Question: What is the outlook for gold and Bitcoin investments? - Management highlighted the increasing interest in gold as a safe asset and the growing adoption of Bitcoin, particularly in the context of global economic changes and government policies [15][16]

Financial Performance - For the fiscal year ended June 30, 2025, U.S. Global Investors reported a net loss of $334,000, or $0.03 per share, compared to a net income of $1.3 million, or $0.09 per share, in the previous year[2] - Total operating revenues decreased by 23% to $8.5 million from $10.98 million for the fiscal year ended June 30, 2024[19] - Average assets under management (AUM) fell to $1.4 billion from $1.9 billion year-over-year, with total AUM at period-end of $1.3 billion compared to $1.6 billion[3] Shareholder Returns - The shareholder yield as of June 30, 2025, was 9.1%, more than double the yield on the 10-year Treasury bond[3] - During the fiscal year, the company repurchased 801,043 shares at a net cost of approximately $2 million, marking a 4% increase in share repurchases compared to the previous year[11] - A monthly dividend of $0.0075 per share has been authorized from July 2025 through September 2025, continuing a trend of monthly dividends since 2007[16] Investment Initiatives - The U.S. Global Technology and Aerospace & Defense ETF (WAR) was launched in December 2024, targeting the significant defense and technology transformations driven by AI and cybersecurity[5] - The U.S. Global Sea to Sky Cargo ETF (SEA) was listed on the Mexican Stock Exchange, expanding the company's international ETF offerings[8] Market Trends - Global defense spending reached a record $2.7 trillion in 2024, with NATO committing to raise its target to 5% of GDP by 2035, highlighting the growth potential in defense-related investments[7] Liquidity Position - As of June 30, 2025, the company had net working capital of approximately $37.2 million, with $24.6 million in cash and cash equivalents, indicating strong liquidity[17]

Asset Management Performance - As of June 30, 2025, total Assets Under Management (AUM) decreased to $1.3 billion from $1.6 billion on June 30, 2024, representing a decline of $238.7 million or 15.3%[106] - Average AUM for fiscal year 2025 was $1.4 billion, down 23.9% from $1.9 billion in fiscal year 2024, primarily due to outflows from the Jets ETF[106] - The Company’s investment management services are significantly influenced by market fluctuations and investor sentiment, impacting asset levels and income[109] Revenue and Income - Total consolidated operating revenues decreased by $2.5 million, or 23.1%, to $8.5 million for the year ended June 30, 2025, primarily due to lower ETF advisory fees[125] - ETF advisory fees accounted for 78.6% of the Company's operating revenues, totaling $6.6 million in fiscal year 2025, down from $9.4 million in fiscal year 2024, a decrease of 29.5%[126][127] - The Company recorded advisory fees from ETF clients totaling $6.6 million in fiscal year 2025, a decrease from $9.4 million in fiscal year 2024[115] - Advisory and administrative services fees from U.S. Global Investors Funds totaled approximately $1.8 million in fiscal 2025, an increase of 15.8% compared to $1.6 million in fiscal 2024[109][110] - Net investment income for fiscal year 2025 was $2.4 million, compared to $2.1 million for fiscal year 2024, indicating a positive trend despite market volatility[118] - Total consolidated other income increased by $329,000, or 13.7%, to $2.7 million for the year ended June 30, 2025, primarily due to higher net investment income[132] Financial Position - The Company had net working capital of approximately $37.2 million and a current ratio of 20.9 to 1 as of June 30, 2025, indicating strong liquidity[134] - Cash and cash equivalents decreased by $2.8 million, primarily due to stock repurchases of $2.0 million and dividends paid of $1.2 million[135] - Management believes current cash reserves, investments, and financing will be sufficient to meet foreseeable cash needs for operating activities and contractual obligations[144] Loss and Expenses - The Company reported a net loss of $334,000 ($0.03 per share) for the year ended June 30, 2025, compared to a net income of $1.3 million ($0.09 per share) for the previous year, a change of approximately $1.7 million[124] - The average investment management fee for equity funds in fiscal year 2025 was 76 basis points, down from 81 basis points in fiscal year 2024[112] - The average investment management fee rate for total advisory fees, excluding performance fees, was 63 basis points in fiscal year 2025[112] Dividends and Obligations - A monthly dividend of $0.0075 per share has been authorized from July 2025 through September 2025, totaling approximately $296,000[142] - As of June 30, 2025, the Company had contractual obligations of $1.1 million for the fiscal years ending June 30, 2026, through 2030[143] Market Risks - Interest rate fluctuations represent a market risk factor affecting the Company's consolidated financial position, with debt securities decreasing in value when interest rates rise[165] - Adverse changes in foreign currency exchange rates may reduce the value of cash accounts and corporate investments denominated in foreign currencies[166] - The fair values of corporate investments with exposure to the cryptocurrency industry are subject to considerable volatility[159] Credit and Loss Models - The Company adopted the Current Expected Credit Losses (CECL) model on July 1, 2023, which requires significant judgment in estimating lifetime expected losses[147] - As of June 30, 2025, the estimated fair value of equity securities is $12,188 thousand, with a hypothetical 25% increase leading to a fair value of $15,235 thousand and a decrease to $9,141 thousand[163]

SAN ANTONIO, Sept. 08, 2025 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a registered investment advisory firm1 with deep expertise in global markets and specialized sectors from gold mining to airlines, today announced a net loss of $334,000, or $0.03 per share, for the fiscal year ended June 30, 2025, compared to net income of $1.3 million, or $0.09 per share, during the same period a year earlier. Total operating revenues were $8.5 million, a 23% decrease from the 12 mo ...

Core Viewpoint - U.S. Global Investors, Inc. will host a webcast on September 9, 2025, to discuss its fiscal year 2025 results, with financial data released prior to the event [1]. Company Overview - U.S. Global Investors, Inc. has a history of over 50 years, starting as an investment club and evolving into a registered investment adviser focusing on niche markets globally [3]. - The company is headquartered in San Antonio, Texas, and provides investment management and services to U.S. Global Investors Funds and U.S. Global ETFs [3]. Webcast Details - The webcast will take place at 7:30 a.m. Central time and will feature key executives including Frank Holmes (CEO and CIO), Lisa Callicotte (CFO), and Holly Schoenfeldt (Director of Marketing) [1]. - Registration for the webcast is available [2].