ClarificationJun 5, 2026, 04:06 PM
U.S. Global Investors Completes EPS Restatement; Q3 EPS $0.21
AI Summary
U.S. Global Investors, Inc. announced the completion of the restatement of its earnings per share (EPS) figures for the three-month and nine-month periods ended March 31, 2026, and has filed an amended Quarterly Report on Form 10-Q/A. The restatement corrected an inadvertent omission in weighted-average shares, which had overstated basic and diluted EPS by $0.02 for the three months and $0.01 for the nine months. The company emphasized that the miscalculation did not impact net income, total revenues, operating income, or cash position, and highlighted strong underlying financial results for the quarter, including $2.7 million net income and 10% revenue growth.
Key Highlights
- U.S. Global Investors completed the restatement of Q3 FY226 EPS figures and filed an amended Form 10-Q/A.
- Q3 FY2026 basic and diluted EPS were restated to $0.21 from $0.23.
- Nine-month basic and diluted EPS were restated to $0.26 from $0.27.
- The restatement was due to an inadvertent omission in weighted-average shares calculation.
- The miscalculation had no impact on net income, total revenues, operating income, or cash position.
- Net income for Q3 FY2026 was $2.7 million, or $0.21 per share (restated).
- Total operating revenues increased 10% quarter-over-quarter to $2.8 million.
- Average Assets Under Management (AUM) reached $1.6 billion for the quarter.
Price Impact
More from GROW