U.S. Global Investors Q1 FY27 net income drops 89% year over year to $171,000
GROW•U.S. Global Investors’ first-quarter FY27 net income fell 89% year over year to $171,000, while operating revenue rose 18% to $2.66 million and average assets under management increased 14% to $1.6 billion.
1. Quarterly results
U.S. Global Investors’ net income fell 89% year over year to $171,000 in the first quarter of FY27, primarily due to lower investment income. Operating revenue rose 18% to $2.66 million, and operating results swung to a $55,000 profit. Average assets under management climbed 14% to $1.6 billion, while combined average assets in gold and precious metals strategies rose 45% to $547.6 million.
