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GROWU.S. Global Investors, Inc.
$3.14$40M
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HomeStocksGROWBalance Sheet

U.S. Global Investors, Inc. (GROW) Balance Sheet

30Y historyFree accessUpdated daily

The company maintains a conservative capital structure with a debt-to-equity ratio of 0.00, supported by a substantial $34.7M cash position as of 2026Q3.

GROW Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMJun'25Jun'24Jun'23Jun'22Jun'21Jun'20Jun'19Jun'18Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12Jun'11Jun'10Jun'09Jun'08Jun'07Jun'06Jun'05Jun'04Jun'03Jun'02Jun'01Jun'00Jun'99Jun'98Jun'97Jun'96
Total Current Assets38.05M39.12M40.32M40.37M38.03M26.79M10.54M13.09M17.12M17.46M18.17M21.39M26.82M24.79M28.76M37.28M33.12M29.89M41.57M36.62M26.78M9.28M6.32M4.34M4.19M4.31M4.57M3.6M4.76M3.83M30.67M
Cash & Short-Term Investments-------------------------------
Cash Only-------------------------------
Short-Term Investments-------------------------------
Accounts Receivable-------------------------------
Days Sales Outstanding-------------------------------
Inventory-------------------------------
Days Inventory Outstanding-------------------------------
Other Current Assets1M1M1M1M1M1M1.02M2.81M1M1M1M184K51K196K162.57K0200.13K645.77K00080.99K29.28K372.08K365.42K2.24M215.08K141.55K135.29K103.24K0
Total Non-Current Assets10.87M8.95M11.65M15.3M20.33M35.49M8.27M10.65M11.81M8.05M8.17M9.38M11.03M13.89M13M8.69M7.87M7.26M3.92M3.17M2.27M2.82M3.22M3.1M3.72M3.6M4.54M4.73M5.55M6.89M8.64M
Property, Plant & Equipment1.18M1.11M1.19M1.2M1.46M1.42M1.6M1.71M1.97M2.21M2.47M2.74M3.02M3.08M3.36M3.55M3.91M3.77M2.38M2.26M2.12M1.77M1.81M1.78M1.87M2.03M2.28M2.43M2.6M2.54M2.62M
Fixed Asset Turnover9.34x7.62x9.21x12.53x16.89x15.26x2.80x2.03x3.18x3.06x2.23x2.68x2.82x5.61x6.66x11.54x--23.56x25.93x21.13x9.60x7.17x4.20x4.15x4.38x4.79x3.72x3.86x5.52x7.71x
Goodwill0000000000000000000000000000000
Intangible Assets0000000000041K86K000000000000000000
Long-Term Investments28.33M6.37M8.42M11.96M17.78M33.97M6.58M8.88M9.58M5.53M5.41M6.57M7.61M9.71M8.82M4.66M3.03M2.54M1.25M856.57K82.2K890.46K1.21M390.25K853.61K694.87K1.16M1.12M1.34M2.1M3.85M
Other Non-Current Assets-------------------------------
Total Assets48.92M48.06M51.96M55.67M58.36M62.28M18.82M23.74M28.93M25.52M26.35M30.77M37.85M38.68M41.76M45.97M40.98M37.15M45.49M39.79M29.05M12.1M9.36M7.44M7.91M7.91M9.12M8.33M10.31M10.71M39.31M
Asset Turnover0.22x0.18x0.21x0.27x0.42x0.35x0.24x0.15x0.22x0.27x0.21x0.24x0.23x0.45x0.54x0.89x--1.23x1.47x1.54x1.40x1.39x1.01x0.98x1.12x1.20x1.08x0.97x1.31x0.51x
Asset Growth %-17.15%-7.5%-6.66%-4.61%-6.29%230.98%-20.75%-17.93%13.37%-3.14%-14.38%-18.7%-2.16%-7.36%-9.16%12.16%10.31%-18.33%14.33%37%140.01%29.35%25.77%-5.89%-0.09%-13.23%9.49%-19.21%-3.77%-72.75%-69.31%
Total Current Liabilities1.82M1.87M2.16M2.94M4.13M5.15M2.01M1.43M1.77M1.17M1.3M1.63M2.14M1.83M3.05M4.91M4.79M2.53M6.26M8.7M8.5M2.2M1.05M777.46K1.26M1.06M1.44M1.16M1.04M1.39M29.35M
Accounts Payable557K449K500K629K870K553K255K247K731K489K516K623K697K539K1.17M55.18K174.69K137.43K289.36K272.56K343.36K193.25K99.53K70.44K695.69K280.59K498.63K346.5K275.96K367.16K276.12K
Days Payables Outstanding-------------------------------
Short-Term Debt000000442K000000000000000070.03K65.64K69.09K68.26K68.99K63.52K44.9K1.57M
Deferred Revenue (Current)0------------------------------
Other Current Liabilities294K469K609K1.17M1.86M1.56M360K792K645K390K451K590K628K761K1.04M77.43K00406.73K338.51K178.71K0010.46K9.76K9.1K8.49K18K230.22K427.25K26.84M
Current Ratio20.91x20.87x18.63x13.74x9.20x5.20x5.25x9.14x9.66x14.98x13.98x13.15x12.51x13.52x9.44x7.59x6.91x11.83x6.64x4.21x3.15x4.22x6.01x5.58x3.33x4.06x3.18x3.10x4.59x2.76x1.04x
Quick Ratio20.91x20.87x18.63x13.74x9.20x5.20x5.25x9.14x9.66x14.98x13.98x13.15x12.51x13.52x9.44x7.59x6.91x11.83x6.64x4.21x3.15x4.22x6.01x5.58x3.33x4.06x3.18x3.10x4.59x2.76x1.04x
Cash Conversion Cycle-------------------------------
Total Non-Current Liabilities1.05M983K793K713K445K2.8M43K133K1.1M00000000000000988.54K1.07M1.14M1.2M1.26M1.33M1.36M1.41M
Long-Term Debt75K75K000000000000000000000886.53K955.57K1.01M1.07M1.13M1.19M1.22M1.26M
Capital Lease Obligations0------------------------------
Deferred Tax Liabilities0------------------------------
Other Non-Current Liabilities-------------------------------
Total Liabilities2.87M2.86M2.96M3.65M4.58M7.95M2.05M1.56M2.87M1.17M1.3M1.63M2.14M1.83M3.05M4.91M4.79M2.53M6.26M8.7M8.5M2.2M871.25K1.77M2.32M2.2M2.63M2.42M2.37M2.75M30.76M
Total Debt154K83K39K66K93K43K535K0000000000000000956.56K1.02M1.08M1.13M1.2M1.26M1.27M2.86M
Net Debt-24.42M-24.47M-27.36M-25.34M-22.22M-14.39M-1.4M-1.47M-6.36M-3.96M-3.99M-3.51M-5.91M-18.09M-20.61M-27.21M-23.84M-20.3M-25.14M-14.85M-10.06M-3.81M-2.83M-205.68K32.27K1.08M-221.94K169.81K-134.74K547.78K2.19M
Debt / Equity0.00x0.00x0.00x0.00x0.00x0.00x0.03x----------------0.17x0.18x0.19x0.18x0.20x0.16x0.16x0.33x
Debt / EBITDA-1.39x--0.02x0.01x0.01x--------------------1.23x-1.74x0.54x0.32x
Net Debt / EBITDA220.01x---6.72x-1.96x-1.69x--------215.30x-6.60x-2.40x-2.70x--1.49x-0.69x-0.63x-1.63x-0.94x----0.24x--0.19x0.23x0.24x
Interest Coverage776.00x-261.00x639.33x1021.75x---------------------------
Total Equity46.05M45.21M49.01M52.02M53.78M54.32M16.76M22.18M26.06M24.35M25.05M29.14M35.7M36.85M38.71M41.06M36.19M34.63M39.23M31.1M20.54M9.9M8.49M5.67M5.58M5.72M6.48M5.91M7.94M7.97M8.54M
Equity Growth %-19.37%-7.75%-5.8%-3.28%-0.99%224.05%-24.41%-14.89%7%-2.76%-14.06%-18.37%-3.11%-4.81%-5.72%13.44%4.52%-11.74%26.17%51.36%107.44%16.71%49.56%1.68%-2.37%-11.86%9.68%-25.56%-0.31%-6.76%-1.35%
Book Value per Share3.883.393.463.553.583.611.111.471.721.601.641.892.312.382.512.672.362.272.572.041.360.650.590.380.350.400.440.440.600.600.65
Total Shareholders' Equity46.05M45.21M49.01M52.02M53.78M54.32M16.76M21.71M25.54M23.87M24.53M28.57M35.07M36.85M38.71M41.06M36.19M34.63M39.23M31.1M20.54M9.9M8.49M5.67M5.58M5.72M6.48M5.91M7.94M7.97M8.54M
Common Stock399K399K399K399K399K399K399K399K399K399K399K399K399K399K398.39K398.39K398.39K397.79K397.79K397.79K394.99K390.66K390.44K390.41K390.41K389.81K389.81K339.81K339.81K339.46K339.19K
Retained Earnings38.42M35.94M37.46M37.57M35.92M33.83M2.63M7.76M9.51M9.32M10.29M14.42M19.38M21.27M23.4M25.58M21.44M20.7M26.61M18.99M9.2M-1.24M-2.68M-4.85M-4.89M-4.62M-3.79M-4.29M-2.44M-2.29M-2.57M
Treasury Stock-9.34M-7.78M-5.88M-3.74M-2.6M-2.17M-1.88M-1.89M-1.88M-1.76M-1.66M-1.46M-1.28M-1.13M-1.11M-1.23M-1.34M-1.45M-1.56M-1.64M-830.33K-650.59K-665.9K-663.54K-639.41K-632.26K-637.3K-648.83K-476.29K-514.77K-530.38K
Accumulated OCI098K584K1.35M3.62M6.59M-4K-206K1.86M264K-149K-483K906K652K466.27K1.04M555.35K352.33K-325.4K-5.59K24.26K390.33K533.07K-10.88K-40.65K-102.36K-51.77K-74.94K-24.51K-157.19K721.76K
Minority Interest0000000467K518K484K518K574K633K000000000000000000

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetFortress
Cash FlowBurning
Top Statement Risk

Operational cash flow volatility

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q3)

Asset Base Erosion Amidst Stagnation

According to reported financial statements, GROW's total assets have declined from $53.6M in 2024Q2 to $48.9M in 2026Q3, signaling a persistent contraction in the firm's resource base that reflects the broader challenges of maintaining AUM in a highly competitive and volatile thematic asset management landscape.

The steady decline in total assets suggests that the firm is struggling to replace outflows with new capital, which may limit its ability to fund future product innovation. Investors should monitor whether this downward trend in asset scale eventually forces a more aggressive restructuring of the firm's fixed-cost base.

Excessive Cash Reserves Masking Operations

Based on recent SEC filings, GROW maintains a substantial cash position of $34.7M as of 2026Q3, which provides a significant liquidity buffer but also highlights the firm's reliance on non-operating investment income to offset the ongoing cash burn from its core asset management operations.

While the current ratio of 20.91 indicates an exceptionally strong short-term liquidity position, this metric is somewhat misleading as it reflects a lack of active capital deployment rather than operational efficiency. The firm appears to be functioning more like an investment holding company than a growing asset manager, which warrants caution regarding the sustainability of its current business model.

Equity Quality Diluted by Losses

As reported in financial statements, total equity has decreased from $50.9M in 2024Q2 to $46.0M in 2026Q3, a trend driven by the erosion of retained earnings as the firm continues to absorb operating losses while simultaneously returning capital to shareholders through dividends and buybacks.

The reduction in retained earnings suggests that the firm is effectively liquidating its own capital base to sustain operations and shareholder distributions. This practice appears unsustainable in the long term and may indicate that management is prioritizing short-term capital returns over the necessary reinvestment required to stabilize the business.

Hidden Risks in Asset Composition

Based on the provided balance sheet data, the firm's asset mix is heavily skewed toward cash and equivalents, with minimal investment in tangible property or equipment, which suggests that the company's value is almost entirely dependent on its intangible brand and regulatory licenses.

The absence of significant goodwill or PPE indicates that the firm's valuation is highly sensitive to the market's perception of its niche ETF brand. If the firm's thematic products lose their competitive edge, there are few tangible assets to provide a floor for the company's valuation, making the business model appear more vulnerable than the headline cash balance might suggest.

GROW — Frequently Asked Questions

Quick answers to the most common questions about buying GROW stock.

What are the total assets of U.S. Global Investors, Inc. (GROW)?

As of 2025, U.S. Global Investors, Inc. (GROW) had total assets of $48.1M including $39.1M in current assets.

How much debt does U.S. Global Investors, Inc. (GROW) have?

U.S. Global Investors, Inc. (GROW) carries total debt of $0.1M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of U.S. Global Investors, Inc.?

U.S. Global Investors, Inc. (GROW) has total shareholders' equity (book value) of $45.2M ($3.39 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is U.S. Global Investors, Inc.'s current ratio and liquidity?

U.S. Global Investors, Inc. (GROW) reported a current ratio of 20.87x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.