U S Global Investors (GROW) Operating Expenses (2010 - 2026)
U S Global Investors (GROW) reported Operating Expenses of $2.82 million for fiscal Q4 2026 (quarter ended Jun 30, 2026), down 4.8% from $2.96 million a year earlier but up 5.3% from the prior quarter.
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Analysis
U S Global Investors (GROW) Operating Expenses (2010 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), U S Global Investors posted Operating Expenses of $10.85 million, down 5.1% from FY2025.
- Operating Expenses has declined for four consecutive fiscal years, with a five-year compound annual growth rate of -4.3% (FY2021 to FY2026).
- By fiscal year, Operating Expenses came in at $11.44 million in FY2025 (-0.2%), $11.46 million in FY2024 (-0.7%), $11.55 million in FY2023 (-15.1%) and $13.6 million in FY2022 (+0.8%).
- Five-year quarterly Operating Expenses spans a low of $2.6 million in fiscal Q2 2026 and a high of $3.66 million in fiscal Q3 2022.
- Year over year, Operating Expenses has now declined in each of the last three quarters, with an average decline of 2.5% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was fiscal Q1 2022 (growth of 58.3%); the low point was fiscal Q4 2022 (a decline of 23.6%).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at $2.67 million (Q3 2026), $2.6 million (Q2 2026) and $2.77 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.13 Bn | 110.49 Bn | - | 4.62 Bn |
| 2 | Spdr Gold Trust | 133.82 Bn | -424.18 Bn | - | 149.76 Mn |
| 3 | Blackstone | 84.08 Bn | 79.01 Bn | - | 2.38 Bn |
| 4 | Brookfield | 82.97 Bn | -82.41 Bn | 4.47 Bn | 14.94 Bn |
| 5 | Kkr | 81.05 Bn | 47.53 Bn | - | 5.41 Bn |
| 6 | Brookfield Asset Management | 71.64 Bn | 67.88 Bn | - | 659.00 Mn |
| 7 | Apollo Global Management | 65.67 Bn | 3.35 Bn | 10.56 Bn | 8.74 Bn |
| 8 | Wheaton Precious Metals | 61.89 Bn | 57.32 Bn | 687.86 Mn | 133.83 Mn |
| 9 | Franco Nevada | 46.13 Bn | 43.49 Bn | 451.00 Mn | 7.80 Mn |
| 10 | U S Global Investors | 39.66 Mn | -96.08 Mn | - | 2.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.82 Mn |
| Mar 31, 2026 | 2.67 Mn |
| Dec 31, 2025 | 2.60 Mn |
| Sep 30, 2025 | 2.77 Mn |
| Jun 30, 2025 | 2.96 Mn |
| Mar 31, 2025 | 3.00 Mn |
| Dec 31, 2024 | 2.77 Mn |
| Sep 30, 2024 | 2.72 Mn |
| Jun 30, 2024 | 2.84 Mn |
| Mar 31, 2024 | 3.08 Mn |
| Dec 31, 2023 | 2.63 Mn |
| Sep 30, 2023 | 2.92 Mn |
| Jun 30, 2023 | 3.01 Mn |
| Mar 31, 2023 | 2.89 Mn |
| Dec 31, 2022 | 2.82 Mn |
| Sep 30, 2022 | 2.83 Mn |
| Jun 30, 2022 | 2.65 Mn |
| Mar 31, 2022 | 3.66 Mn |
| Dec 31, 2021 | 3.64 Mn |
| Sep 30, 2021 | 3.65 Mn |
API Access
U S Global Investors Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=GROW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "GROW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=GROW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();