U S GLOBAL INVESTORS INC
For the period ended Jun 30, 2025. Filed Sep 8, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Sep 8, 2025
GROW$2.58+3.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
| Item 1. Business | 1 |
|---|---|
| Item 1A. Risk Factors | 5 |
| Item 1B. Unresolved Staff Comments | 10 |
| Item 1C. Cybersecurity | |
| Item 2. Properties | 10 |
| Item 3. Legal Proceedings | 10 |
| Item 4. Mine Safety Disclosures | 10 |
| Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities | 11 |
| Item 6. [Reserved] | 12 |
| Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 12 |
| Item 7A. Quantitative and Qualitative Disclosures About Market Risk | 18 |
| Item 8. Financial Statements and Supplementary Data | 19 |
| Report of Independent Registered Public Accounting Firm (Grant Thornton LLP; Dallas, Texas; PCAOB ID# 248) | 19 |
| Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 46 |
| Item 9A. Controls and Procedures | 46 |
| Item 9B. Other Information | 46 |
| Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 46 |
| Item 10. Directors, Executive Officers and Corporate Governance | 47 |
| Item 11. Executive Compensation | 49 |
| Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 53 |
| Item 13. Certain Relationships and Related Transactions, and Director Independence | 54 |
| Item 14. Principal Accounting Fees and Services | 54 |
| Item 15. Exhibits, Financial Statement Schedules | 55 |
| Signatures | 57 |
| Exhibit 21 — Subsidiaries of the Company, Jurisdiction of Incorporation, and Percentage of Ownership | |
| Exhibit 23.1 — Consent of Grant Thornton LLP | |
| Exhibit 31.1 — Rule 13a – 14(a) Certifications (under Section 302 of the Sarbanes-Oxley Act of 2002) | |
| Exhibit 32.1 — Section 1350 Certifications (under Section 906 of the Sarbanes-Oxley Act of 2002) | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.