Executive Summary
US Global Investors Inc reported QQ1 2025 revenue of $2.157 million, down 31.15% year over year and 11.60% quarter over quarter. Gross profit stood at $1.076 million yielding a gross margin near 49.9%, while operating income was negative $0.559 million, reflecting ongoing fixed cost exposure relative to a modest revenue base. EBITDA was $0.459 million, and net income was $0.315 million, with earnings per share of $0.023. The company generated positive operating cash flow of $0.016 million and reported free cash flow of $0.016 million, underscoring limited operating leverage at the quarter level. A notable feature of the quarter is the contribution of total other income of $0.995 million, which more than offset operating losses and supported net earnings. The balance sheet remains highly liquid with cash and cash equivalents of $27.336 million and short-term investments of $9.713 million, producing a net cash position of approximately $(27.303) million. Total assets were $51.084 million against $2.717 million in total liabilities and $48.367 million in stockholders’ equity, signaling robust solvency and equity backing for shareholder-friendly actions. Looking ahead, the near-term earnings trajectory will hinge on sustainable fee-related revenue, asset inflows, and the ability to translate scale into operating leverage; management commentary (if provided in the call) would be pivotal to confirm guidance and strategic priorities.
Key Performance Indicators
QoQ: -11.60% | YoY:-31.15%
QoQ: -0.65% | YoY:-42.12%
QoQ: -40.45% | YoY:-360.00%
Key Insights
Revenue: $2.157 million; YoY change: -31.15%; QoQ change: -11.60%
Gross profit: $1.076 million; YoY change: -42.12%; QoQ change: -0.65%
Operating income: $(0.559) million; YoY change: -360.00%; QoQ change: -40.45%
Net income: $0.315 million; YoY change: +278.98%; QoQ change: 0.00%
EPS (diluted): $0.023; YoY change: +288.52%; QoQ change: +4.55%
EBITDA: $0.459 million; EBITDARatio: 0.2128
Cash flow: Net cash provided by operating activities $0.016 million; Free cash flow $0.016 million
Liquidity: ...
Financial Highlights
Revenue: $2.157 million; YoY change: -31.15%; QoQ change: -11.60%
Gross profit: $1.076 million; YoY change: -42.12%; QoQ change: -0.65%
Operating income: $(0.559) million; YoY change: -360.00%; QoQ change: -40.45%
Net income: $0.315 million; YoY change: +278.98%; QoQ change: 0.00%
EPS (diluted): $0.023; YoY change: +288.52%; QoQ change: +4.55%
EBITDA: $0.459 million; EBITDARatio: 0.2128
Cash flow: Net cash provided by operating activities $0.016 million; Free cash flow $0.016 million
Liquidity: Cash and cash equivalents $27.336 million; Short-term investments $9.713 million; Net debt $(27.303) million (net cash position)
Balance sheet: Total assets $51.084 million; Total liabilities $2.717 million; Total stockholders’ equity $48.367 million; Cash at end of period $28.336 million; Dividends paid $0.308 million; Common stock repurchased $(0.530) million; Common stock issued $0.017 million
Valuation/ratios: Dividend yield 0.88%; P/E approx 27.86; P/B 0.726; P/S 14.88; Cash flow multiple (price to operating cash flow) ~2,194x (indicative multiples based on tiny base)
Note: All figures in USD.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
2.16M |
-31.15% |
-11.60% |
| Gross Profit |
1.08M |
-42.12% |
-0.65% |
| Operating Income |
-559.00K |
-360.00% |
-40.45% |
| Net Income |
315.00K |
278.98% |
0.00% |
| EPS |
0.02 |
288.52% |
4.55% |
Key Financial Ratios
operatingProfitMargin
-12.2%
operatingCashFlowPerShare
$0
dividendPayoutRatio
97.8%
Management Commentary
Transcript Highlights: No earnings-call transcript data provided in the supplied dataset. As a result, no management quotes or thematic quotes can be extracted or attributed. If a transcript is supplied, potential themes to capture would include: strategy from capital deployment, AUM growth plans, cost controls and operating leverage, product expansion (mutual funds/ETFs), and market commentary on fee revenue drivers.
Forward Guidance
Explicit management guidance for QQ1 2025 is not included in the provided data. Given the small revenue base and reliance on non-operating income to augment earnings, the key forward-looking questions center on: (1) AUM trajectories and net inflows that can expand fee-based revenue; (2) ability to scale operating leverage and reduce dependence on non-operating gains; (3) disciplined capital deployment (buybacks/dividends) given a net cash position. Investors should monitor quarterly AUM levels, inflows/outflows, expense management, and any disclosed updated guidance on revenue mix (funds, ETFs, and advisory fees). If management articulates a plan to sustain or grow fee-related revenue while maintaining a lean cost base, the earnings trajectory could become more accretive over time. In a broader market context, continued volatility may stress asset flows, potentially impacting revenue growth.