U.S. Global Investors, Inc.
U.S. Global Investors, Inc. Q2 FY2026 earnings call
February 23, 2026 · fiscal period ended 2025-12
EPS · actual vs est
Revenue · actual vs est
Summary
Generated 2026-02-23
Management highlights
U.S. Global Investors uses a quantamental strategy for thematic smart beta 2.0 products. They have been buying back stock on flat or down days, with a 10% reduction in shares outstanding over 18 months. Discussed market trends like strong ETF inflows in 2025, performance of different sectors including gold, airlines, and luxury goods, and the smart beta 2.0 approach.
Segment performance
Average assets under management were approximately $1.7 billion. Operating revenues related to ETFs are significant, with gold-related ETFs and airline ETFs having their own performance characteristics. ETF inflows hit nearly $1.5 trillion in 2025.
Guidance
Management is bullish on gold in the long term, expecting a secular bull market in gold. They have guidance for new products to reach profitable levels around $100 million in assets and see potential in gold-related and other thematic investments.
Risks
Risks include market volatility affecting asset values, policy changes impacting ETF operations, and competition in the investment industry.
Key numbers
Reported versus consensus
Earnings calendar feed
| Metric | Reported | Consensus | Delta | Prior year |
|---|---|---|---|---|
| EPS | — | — | — | — |
| Revenue | — | — | — | — |
Transcript
February 23, 2026Full transcript unavailable for redistribution
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