U S Global Investors Inc key statistics and ratios

In fiscal 2026, U S Global Investors Inc had return on equity of 6.8%, an operating margin of -4.2%, debt equal to 0.2% of equity and a current ratio of 19.71. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

U S Global Investors Inc: financial ratios, annual
Fiscal year	2010Jun 2010	2011Jun 2011	2012Jun 2012	2017Jun 2017	2018Jun 2018	2019Jun 2019	2020Jun 2020	2021Jun 2021	2022Jun 2022	2023Jun 2023	2024Jun 2024	2025Jun 2025	2026Jun 2026
Gross margin	—	—	—	—	—	—	—	—	—	—	—	−4.9%	25.0%
Operating margin	—	26.3%	11.9%	−12.9%	−36.5%	−79.7%	−53.7%	37.7%	45.0%	23.4%	−4.4%	−27.5%	−4.2%
Net margin	15.3%	18.7%	6.4%	−7.6%	10.3%	−97.9%	−104.6%	147.6%	13.9%	20.9%	12.1%	−3.1%	21.2%
Free-cash-flow margin	20.2%	18.2%	7.5%	10.2%	−0.5%	−31.1%	−43.6%	21.7%	41.7%	19.2%	7.1%	−7.6%	4.7%
Return on equity	14.8%	20.3%	3.8%	−1.6%	2.6%	−14.2%	−24.3%	89.9%	6.4%	6.0%	2.6%	−0.7%	6.8%
Return on assets	—	17.0%	3.5%	−1.5%	2.4%	−12.9%	−22.0%	78.8%	5.7%	5.5%	2.5%	−0.7%	6.4%
Asset turnover	—	0.91	0.54	0.20	0.23	0.13	0.21	0.53	0.41	0.26	0.20	0.22	0.30
Current ratio	—	7.59	9.44	14.98	9.66	9.14	5.25	5.20	9.20	13.74	18.63	20.87	19.71
Debt to equity	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.6%	0.0%	0.0%	0.0%	0.0%	0.2%	0.2%
Interest cover (operating income ÷ interest)	—	—	—	—	—	—	n/m	—	—	—	—	—	—
Effective tax rate	37.1%	34.9%	38.5%	—	22.2%	—	—	14.6%	30.8%	22.9%	30.4%	—	21.3%
Capital spending as % of revenue	1.6%	0.2%	0.1%	0.0%	0.0%	0.0%	0.0%	0.3%	0.9%	0.1%	1.9%	0.1%	0.4%
Free cash flow ÷ net income	132.3%	97.4%	117.6%	—	−5.3%	—	—	14.7%	299.9%	92.0%	58.3%	—	22.3%
Dividends ÷ net income	68.8%	47.1%	242.2%	—	70.3%	—	—	2.0%	36.0%	42.3%	95.9%	—	37.3%
Dividends and buybacks ÷ free cash flow	52.0%	48.4%	206.0%	82.6%	—	—	—	20.3%	16.4%	87.3%	444.0%	—	456.5%

US$ thousands unless shown otherwise. Fiscal quarters.

U S Global Investors Inc: financial ratios, quarterly
Quarter	2025 Q1Sept 2024	2025 Q2Dec 2024	2025 Q3Mar 2025	2025 Q4Jun 2025	2026 Q1Sept 2025	2026 Q2Dec 2025	2026 Q3Mar 2026	2026 Q4Jun 2026
Operating margin	−25.9%	−24.2%	−42.5%	−22.9%	−22.9%	−3.5%	3.2%	−1.3%
Net margin	14.6%	−3.9%	−18.2%	−4.2%	66.9%	−33.7%	96.9%	−4.1%
Free-cash-flow margin	0.7%	−18.2%	−20.2%	−0.3%	—	—	10.0%	3.0%
Current ratio	20.96	19.98	21.69	20.87	20.51	19.42	20.91	19.71
Debt to equity	—	—	—	0.2%	0.2%	0.2%	0.2%	0.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

78 /100

Strong moat

How hard U S Global Investors's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 20 / 20

Net income has been a median 2.4% of total assets over 10 years.
Durability 10 / 20

Operating margin has been a median -4.4%; its worst year was -82.2%.
Discipline 20 / 20

The diluted share count fell 15.8% over five years; stock-based pay has been a median 0.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (83 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from U S Global Investors Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to U S Global Investors Inc.