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AI brief of an SEC Form 8-K · U S GLOBAL INVESTORS INC (GROW)

U.S. Global Investors to restate March-quarter EPS; underlying results unchanged

Negative Impact 5 of 5 earnings Written later

U.S. Global Investors said its earnings per share for the three and nine months ended March 31, 2026 were overstated because a spreadsheet formula omitted a component of shares from the weighted-average share count. The company will file a Form 10-Q/A, and earlier reports for those periods should no longer be relied upon, though net income, revenues, and cash flows were not affected. Management also concluded that a material weakness in internal control over financial reporting existed as of March 31, 2026.

Key points

  • The restatement covers the three and nine months ended March 31, 2026, previously reported in the Form 10-Q filed May 13, 2026.
  • Weighted-average shares were understated by 702,484 for the quarter and 230,743 for the nine months, overstating EPS by $0.02 and $0.01, respectively.
  • Corrected basic and diluted EPS for the quarter is $0.21; net income for the quarter was $2.7 million, which the company says is unchanged.
  • The Audit Committee discussed the matters with Grant Thornton LLP, and management is implementing enhanced review procedures and spreadsheet controls.

The filing

CompanyU S GLOBAL INVESTORS INC (GROW)
Form8-K, current report
Filed with the SECJun 1, 2026, 7:15 PM ET
Accession number0001437749-26-019086

Items reported: 4.02 Non-Reliance on Prior Financials

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 01, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.