US Global Investors (GROW)
Market Price (2/5/2026): $3.1 | Market Cap: $40.2 MilSector: Financials | Industry: Asset Management & Custody Banks
US Global Investors (GROW)
Market Price (2/5/2026): $3.1Market Cap: $40.2 MilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.1%, Dividend Yield is 3.0% | Weak multi-year price returns2Y Excs Rtn is -28%, 3Y Excs Rtn is -61% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -34% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -85% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 35x, P/EPrice/Earnings or Price/(Net Income) is 47x | |
| Low stock price volatilityVol 12M is 34% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -27% | |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, AI in Financial Services, and Digital & Alternative Assets. Themes include Wealth Management Technology, Show more. | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -10%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -10% | |
| Key risksGROW key risks include [1] significant volatility in its assets under management (AUM) due to challenges attracting capital to its thematic products and [2] concentration in specialized, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.1%, Dividend Yield is 3.0% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -85% |
| Low stock price volatilityVol 12M is 34% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, AI in Financial Services, and Digital & Alternative Assets. Themes include Wealth Management Technology, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -28%, 3Y Excs Rtn is -61% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -34% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 35x, P/EPrice/Earnings or Price/(Net Income) is 47x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -15%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -27% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -10%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -10% |
| Key risksGROW key risks include [1] significant volatility in its assets under management (AUM) due to challenges attracting capital to its thematic products and [2] concentration in specialized, Show more. |
Qualitative Assessment
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1. Strong Rebound in Profitability Driven by Investment Income.
U.S. Global Investors reported a significant return to profitability in its first quarter of fiscal 2026 (for the period ended September 30, 2025), announcing net income of $1.5 million ($0.12 per share). This represented a substantial 378% increase over the same quarter in the previous fiscal year. The positive shift was primarily fueled by a nearly 300% increase in investment income, reaching $2.3 million at quarter-end. Total operating revenues also grew by 15% from the prior quarter and 4% year-over-year to $2.3 million.
2. Bullish Outlook and Performance in Precious Metals.
CEO Frank Holmes provided a highly optimistic outlook for gold, projecting potential prices of $5,000 to $7,000 per ounce, and for silver to surpass $100. This bullish sentiment, coupled with the company's significant holdings in gold mining and natural resource funds, likely contributed to investor confidence, especially as gold and silver saw strong performance in January 2026, gaining 13.3% and 18.9% respectively.
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Stock Movement Drivers
Fundamental Drivers
The 25.7% change in GROW stock from 10/31/2025 to 2/4/2026 was primarily driven by a 22.8% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2042026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.47 | 3.10 | 25.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 9 | 1.1% |
| P/S Multiple | 3.8 | 4.7 | 22.8% |
| Shares Outstanding (Mil) | 13 | 13 | 1.2% |
| Cumulative Contribution | 25.7% |
Market Drivers
10/31/2025 to 2/4/2026| Return | Correlation | |
|---|---|---|
| GROW | 25.7% | |
| Market (SPY) | 0.6% | 14.6% |
| Sector (XLF) | 3.0% | 1.2% |
Fundamental Drivers
The 32.1% change in GROW stock from 7/31/2025 to 2/4/2026 was primarily driven by a 453.6% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 2042026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.35 | 3.10 | 32.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9 | 9 | -4.3% |
| Net Income Margin (%) | 1.8% | 10.0% | 453.6% |
| P/E Multiple | 188.6 | 46.9 | -75.2% |
| Shares Outstanding (Mil) | 13 | 13 | 0.4% |
| Cumulative Contribution | 32.1% |
Market Drivers
7/31/2025 to 2/4/2026| Return | Correlation | |
|---|---|---|
| GROW | 32.1% | |
| Market (SPY) | 8.9% | 20.6% |
| Sector (XLF) | 3.4% | 13.7% |
Fundamental Drivers
The 30.9% change in GROW stock from 1/31/2025 to 2/4/2026 was primarily driven by a 163.2% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2042026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.37 | 3.10 | 30.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10 | 9 | -14.6% |
| Net Income Margin (%) | 18.2% | 10.0% | -44.9% |
| P/E Multiple | 17.8 | 46.9 | 163.2% |
| Shares Outstanding (Mil) | 14 | 13 | 5.7% |
| Cumulative Contribution | 30.9% |
Market Drivers
1/31/2025 to 2/4/2026| Return | Correlation | |
|---|---|---|
| GROW | 30.9% | |
| Market (SPY) | 15.0% | 25.6% |
| Sector (XLF) | 5.9% | 23.7% |
Fundamental Drivers
The 9.9% change in GROW stock from 1/31/2023 to 2/4/2026 was primarily driven by a 105.8% change in the company's Net Income Margin (%).| (LTM values as of) | 1312023 | 2042026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.82 | 3.10 | 9.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 23 | 9 | -62.2% |
| Net Income Margin (%) | 4.9% | 10.0% | 105.8% |
| P/E Multiple | 38.2 | 46.9 | 22.6% |
| Shares Outstanding (Mil) | 15 | 13 | 15.2% |
| Cumulative Contribution | 9.9% |
Market Drivers
1/31/2023 to 2/4/2026| Return | Correlation | |
|---|---|---|
| GROW | 9.9% | |
| Market (SPY) | 75.1% | 23.7% |
| Sector (XLF) | 54.3% | 22.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GROW Return | -18% | -33% | 1% | -10% | 3% | 30% | -34% |
| Peers Return | 39% | -19% | 10% | 13% | 52% | 8% | 130% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 84% |
Monthly Win Rates [3] | |||||||
| GROW Win Rate | 42% | 42% | 42% | 50% | 42% | 50% | |
| Peers Win Rate | 63% | 43% | 43% | 65% | 65% | 70% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GROW Max Drawdown | -21% | -39% | -14% | -12% | -15% | 0% | |
| Peers Max Drawdown | -3% | -36% | -17% | -15% | -19% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BLK, IVZ, BEN, STT, SII.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/4/2026 (YTD)
How Low Can It Go
| Event | GROW | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -79.1% | -25.4% |
| % Gain to Breakeven | 377.4% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -42.9% | -33.9% |
| % Gain to Breakeven | 75.2% | 51.3% |
| Time to Breakeven | 37 days | 148 days |
| 2018 Correction | ||
| % Loss | -86.2% | -19.8% |
| % Gain to Breakeven | 626.6% | 24.7% |
| Time to Breakeven | 777 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -91.3% | -56.8% |
| % Gain to Breakeven | 1050.2% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to BLK, IVZ, BEN, STT, SII
In The Past
US Global Investors's stock fell -79.1% during the 2022 Inflation Shock from a high on 4/9/2021. A -79.1% loss requires a 377.4% gain to breakeven.
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About US Global Investors (GROW)
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A boutique Fidelity or T. Rowe Price, known for its focus on niche sector funds.
Similar to a specialized iShares or SPDR fund family, focusing on niche investment themes like gold, natural resources, and airlines.
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- Mutual Funds: Actively managed investment funds that pool money from multiple investors to invest in a diversified portfolio of securities.
- Exchange Traded Funds (ETFs): Publicly traded investment funds that hold assets like stocks, commodities, or bonds, offering diversification and daily trading on stock exchanges.
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US Global Investors (Symbol: GROW) - Major Customers
US Global Investors (GROW) is an investment management firm that serves as an investment adviser to mutual funds and exchange-traded funds (ETFs). Their investment products are distributed to a broad range of investors, including individuals and institutions, through various channels (direct sales, broker-dealers, financial advisors).
Given the nature of their business, U.S. Global Investors does not typically disclose specific major customer companies in the way a traditional B2B firm might, as their "customers" are the investors in their funds. Instead, their customer base consists of various categories of investors. While a significant portion of assets under management may come from institutional sources, their products are broadly available to and marketed towards individual investors as well. Therefore, the most appropriate way to identify their major customers is by describing the categories of investors they serve:
- Individual Retail Investors: These are everyday individuals who invest their personal savings, retirement funds (such as IRAs and 401(k)s), or taxable accounts into U.S. Global Investors' mutual funds and ETFs. They may invest directly with U.S. Global Investors or access their funds through various brokerage platforms (e.g., Charles Schwab, Fidelity Investments, TD Ameritrade).
- Institutional Investors: This category includes a diverse range of organizations that allocate substantial capital to U.S. Global Investors' funds. Examples include pension funds, university endowments, charitable foundations, corporate treasuries, and family offices, all investing on behalf of their beneficiaries or for their own large pools of capital.
- Clients of Financial Advisors and Wealth Management Firms: While independent financial advisors, Registered Investment Advisors (RIAs), and wealth management firms act as intermediaries, their clients are the ultimate purchasers of U.S. Global Investors' funds. These firms select and recommend U.S. Global Investors' products as part of the comprehensive investment strategies they manage for their individual and institutional clients.
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- State Street Corporation (STT)
- U.S. Bancorp (USB)
- BDO USA, LLP
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Frank Holmes, Chief Executive Officer and Chief Investment Officer
Frank Holmes acquired a controlling interest in U.S. Global Investors in 1989 and became the firm's chief investment officer in 1999. He led the company into the exchange-traded fund (ETF) business, launching the U.S. Global Jets ETF (JETS) in 2015 and the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) in 2017. In 2017, U.S. Global Investors made a strategic investment in HIVE Digital Technologies, where Mr. Holmes serves as Executive Chairman. HIVE is noted as the first cryptocurrency mining company to go public. Prior to U.S. Global Investors, Mr. Holmes built a trading desk in the early 1980s that focused on gold stocks and research. He is also the co-author of "The Goldwatcher: Demystifying Gold Investing."
Lisa Callicotte, Chief Financial Officer
Lisa Callicotte joined U.S. Global Investors in 2009 as controller and was promoted to Chief Financial Officer in July 2013. She is responsible for the oversight of all financial statements and related disclosures for internal use and external filings. Before joining U.S. Global Investors, Ms. Callicotte worked for Ernst & Young LLP for 12 years, leaving as a senior manager. She is a Certified Public Accountant (CPA) since 1999 and holds a Bachelor of Business Administration and a Master of Science in Accounting from Texas A&M University.
Michael Matousek, Head Trader
Michael Matousek joined U.S. Global Investors in January 2008 and was soon promoted to head trader. He is responsible for overseeing the management of the firm's ETFs, researching, developing, and implementing quantitative investment strategies for the company's mutual funds and ETF accounts, and managing the trading desk. With nearly 25 years of industry experience, Mr. Matousek previously worked as a proprietary trader, the director of institutional sales and trading for a broker-dealer, and established a proprietary trading group. He was also a Partner and Head Trader at Texas Equities Trading LP. He is a Chartered Market Technician (CMT).
Ralph P. Aldis, CFA, Portfolio Manager
Ralph Aldis rejoined U.S. Global Investors in November 2001 as senior mining analyst and is responsible for analyzing gold and precious metals stocks in his role as portfolio manager. He has been recognized as a U.S. Metals and Mining "TopGun" by Brendan Wood International multiple times and, alongside Frank Holmes, was named Best Americas Based Fund Manager by the Mining Journal in 2016. Previously, Mr. Aldis worked for Eisner Securities as an investment analyst for its high net worth group.
Joanna Sawicka, Portfolio Manager
Joanna Sawicka joined U.S. Global Investors in 2007 as an investment reporting administrator and was promoted to research analyst in 2015, and subsequently to Portfolio Manager.
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The key risks to US Global Investors (symbol: GROW) are primarily associated with the inherent nature of its investment management business, its focus on specialized sectors, and broader market dynamics.1. Fund Flows and Assets Under Management (AUM) Volatility
A significant risk for US Global Investors is its susceptibility to fluctuations in fund flows and the consequent impact on its Assets Under Management (AUM). The company's operating revenue is directly tied to its AUM. Challenges in attracting and retaining investor capital in its thematic, cyclical products can lead to decreased operating income. For instance, the company's CEO and Chief Investment Officer, Frank Holmes, has noted that turning operating income positive depends on fund flows into their specialized products. The firm reported a substantial decrease in average AUM, from $1.8 billion in March 2024 to $1.2 billion in March 2025. This volatility in AUM directly impacts the company's profitability and financial performance.
2. Concentration in Specialized Sectors and Non-Diversified Funds
US Global Investors focuses on niche markets, including gold mining, natural resources, airlines, and emerging markets. Many of its funds are non-diversified, meaning they may concentrate assets in a smaller number of issuers or specific industries. This concentration exposes the company to greater risks and fluctuations compared to a more broadly diversified portfolio. For example, gold, precious metals, and precious minerals funds are susceptible to substantial price fluctuations and adverse economic, political, or regulatory developments tied to a single theme. Similarly, foreign and emerging market investments carry special risks such as currency fluctuations, less public disclosure, and heightened economic and political instability.
3. Sensitivity to Market Volatility and Geopolitical/Economic Factors
The company's performance is significantly influenced by broader market volatility and a range of geopolitical and economic factors. Investor sentiment, which impacts investment decisions and fund flows, can be negatively affected by global conflicts, uncertainty surrounding political events like presidential elections, and economic indicators such as an inverted yield curve. Stock markets generally can be volatile, and share prices can fluctuate in response to sector-related and other risks outlined in fund prospectuses. The company's CEO has specifically cited market volatility driven by trade policies as a challenge.
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The increasing mainstream acceptance and accessibility of Bitcoin and other digital assets as "digital gold" or alternative stores of value poses a clear emerging threat to US Global Investors' legacy gold and precious metals funds. This trend is significantly accelerated by the proliferation of easily tradable spot Bitcoin ETFs, which provide investors with a highly liquid and accessible means to gain exposure to digital assets directly within traditional brokerage accounts. This shift in investor preference towards digital assets as a hedge against inflation or a safe haven could cannibalize assets under management from their traditional gold offerings, fundamentally changing the competitive landscape for these types of investments. While US Global Investors has adapted by launching its own Bitcoin ETF (HODL), the broader market trend represents a disruptive alternative that could diminish a core segment of their existing fund franchise, akin to how streaming services disrupted physical media rentals.
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US Global Investors (symbol: GROW) operates in the investment management industry, primarily offering mutual funds and exchange-traded funds (ETFs) with a focus on specialized global sectors such as gold and precious metals, natural resources, and emerging markets.
Addressable Market Sizes for Main Products or Services:
- Mutual Funds: The global open-end mutual fund assets market was approximately $69.0 trillion at the end of 2023. Other estimates place the global mutual fund assets market at around $67.48 trillion in 2022, projected to grow to about $145.24 trillion by 2030.
- Exchange-Traded Funds (ETFs): The global ETF market was valued at approximately $13 trillion as of May 2024. It is projected to reach $20 trillion by 2028.
- Gold and Precious Metals Funds/ETFs (a specialized product within Mutual Funds and ETFs): The total assets under management (AUM) for global gold ETFs reached $503 billion by the end of October 2025.
- Natural Resources Funds: null
- Emerging Markets Funds: null
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US Global Investors (NASDAQ: GROW) anticipates several key drivers for future revenue growth over the next two to three years, primarily stemming from its specialized investment strategies and expansion initiatives.
- Growth in Thematic Smart Beta 2.0 ETFs: The company's strategic focus on its "quantamental" strategy to create thematic Smart Beta 2.0 products is expected to be a significant revenue driver. This approach underpins their various specialized ETFs, which aim to capitalize on long-term secular bull markets in specific thematic asset classes.
- Increased Exposure to the Bitcoin Ecosystem and Digital Assets: US Global Investors plans to increase its investments in Bitcoin and companies within the Bitcoin ecosystem, such as HIVE Digital Technologies. This move anticipates favorable regulatory shifts for digital assets and aims to capture growth in this evolving market.
- Recovery and Expansion in the Airline and Travel Sector ETFs: Despite previous challenges, the company remains optimistic about a recovery in the airline sector, noting that airline traffic has rebounded beyond pre-COVID levels. The transition of the U.S. Global Investors Travel UCITS ETF (TRIP) to an actively managed strategy also allows for greater flexibility in capturing opportunities within the fast-evolving travel industry.
- Sustained Strength in Gold and Precious Metals ETFs: With a long-standing expertise in gold and precious metals, US Global Investors' GOAU ETF has demonstrated resilience in fund flows. Management maintains a bullish outlook on gold prices, driven by factors such as institutional demand stemming from Basel III regulations and global economic conditions, which could lead to increased allocations to gold and related mining equities.
- International ETF Listings and Market Expansion: The company is pursuing strategic international ETF listings, including plans for GoGold in Mexico and Colombia. This expansion into new geographic markets aims to broaden their reach and attract new investors to their specialized products.
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Share Repurchases
- U.S. Global Investors increased its annual share buyback program limit from $2.75 million to $5 million in February 2022.
- The company repurchased 784,466 shares during the 12-month period ended March 31, 2025, an increase of approximately 12% compared to the same period in 2024 and 114% more than in 2023.
- Annual share buybacks amounted to $1.195 million in 2023, $452,000 in 2022, and $1.969 million for the latest annual reporting period.
Share Issuance
- No significant share issuances by U.S. Global Investors were identified during the last 3-5 years, with the company's capital allocation primarily focused on share repurchases.
Inbound Investments
- No significant inbound investments by third-parties, such as strategic partners or private equity firms, in U.S. Global Investors were identified in the available information.
Outbound Investments
- In March 2025, the company announced its intention to increase investments in Bitcoin and HIVE Digital Technologies, anticipating a favorable shift in the U.S. regulatory environment for digital assets.
- U.S. Global Investors launched a new smart beta ETF, WAR, in fiscal year 2025, focusing on the technology and defense sectors.
- The firm merged its Europe-Domiciled Airlines ETF into the Travel UCITS ETF on the London Stock Exchange during fiscal year 2024 to diversify its offerings.
Capital Expenditures
- As an investment advisory firm, U.S. Global Investors typically incurs low capital expenditures. No specific material capital expenditure figures were disclosed in the available information for the last 3-5 years.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| US Global Investors Earnings Notes | 12/16/2025 | |
| How Low Can US Global Investors Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 73.37 |
| Mkt Cap | 13.3 |
| Rev LTM | 7,562 |
| Op Inc LTM | 1,074 |
| FCF LTM | 472 |
| FCF 3Y Avg | 472 |
| CFO LTM | 514 |
| CFO 3Y Avg | 548 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.9% |
| Rev Chg 3Y Avg | 4.0% |
| Rev Chg Q | 9.9% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Mgn LTM | 17.1% |
| Op Mgn 3Y Avg | 14.5% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 14.7% |
| CFO/Rev 3Y Avg | 16.9% |
| FCF/Rev LTM | 13.5% |
| FCF/Rev 3Y Avg | 15.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 13.3 |
| P/S | 3.7 |
| P/EBIT | 19.0 |
| P/E | 25.3 |
| P/CFO | 11.9 |
| Total Yield | 6.8% |
| Dividend Yield | 2.5% |
| FCF Yield 3Y Avg | 3.3% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.8% |
| 3M Rtn | 19.9% |
| 6M Rtn | 25.2% |
| 12M Rtn | 40.0% |
| 3Y Rtn | 53.6% |
| 1M Excs Rtn | 6.0% |
| 3M Excs Rtn | 18.7% |
| 6M Excs Rtn | 16.1% |
| 12M Excs Rtn | 25.6% |
| 3Y Excs Rtn | -13.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Investment Management Services | 11 | 15 | 25 | 22 | 4 |
| Corporate Investments | 0 | 0 | 0 | ||
| Total | 11 | 15 | 25 | 22 | 4 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Corporate Investments | 0 | ||||
| Investment Management Services | -0 | ||||
| Total | -0 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Investment Management Services | 27 | 26 | 23 | 18 | |
| Corporate Investments | 23 | 28 | 34 | 45 | |
| Deferred tax asset | 2 | 2 | 1 | ||
| Total | 52 | 56 | 58 | 62 |
Price Behavior
| Market Price | $3.10 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 06/03/1996 | |
| Distance from 52W High | -13.9% | |
| 50 Days | 200 Days | |
| DMA Price | $2.58 | $2.43 |
| DMA Trend | up | up |
| Distance from DMA | 20.3% | 27.6% |
| 3M | 1YR | |
| Volatility | 51.2% | 34.5% |
| Downside Capture | -10.02 | 55.80 |
| Upside Capture | 132.02 | 75.25 |
| Correlation (SPY) | 11.6% | 25.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.72 | 0.73 | 0.72 | 0.80 | 0.47 | 0.44 |
| Up Beta | 1.09 | 1.98 | 1.57 | 1.23 | 0.12 | 0.30 |
| Down Beta | -0.40 | -0.23 | -0.01 | 0.94 | 0.67 | 0.52 |
| Up Capture | 523% | 282% | 189% | 103% | 73% | 18% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 13 | 24 | 33 | 67 | 123 | 343 |
| Down Capture | -230% | -59% | 3% | 17% | 65% | 76% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 5 | 13 | 22 | 46 | 96 | 318 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GROW | |
|---|---|---|---|---|
| GROW | 31.1% | 34.4% | 0.83 | - |
| Sector ETF (XLF) | 6.4% | 19.1% | 0.20 | 23.7% |
| Equity (SPY) | 15.9% | 19.2% | 0.64 | 25.6% |
| Gold (GLD) | 76.1% | 24.5% | 2.27 | 29.9% |
| Commodities (DBC) | 9.3% | 16.5% | 0.36 | 32.7% |
| Real Estate (VNQ) | 4.6% | 16.5% | 0.10 | 16.8% |
| Bitcoin (BTCUSD) | -24.7% | 40.5% | -0.60 | 16.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GROW | |
|---|---|---|---|---|
| GROW | -8.1% | 42.8% | -0.07 | - |
| Sector ETF (XLF) | 14.7% | 18.7% | 0.64 | 28.2% |
| Equity (SPY) | 14.2% | 17.0% | 0.66 | 31.1% |
| Gold (GLD) | 21.5% | 16.8% | 1.04 | 10.0% |
| Commodities (DBC) | 12.1% | 18.9% | 0.52 | 9.5% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 21.7% |
| Bitcoin (BTCUSD) | 18.0% | 57.4% | 0.52 | 21.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GROW | |
|---|---|---|---|---|
| GROW | 12.7% | 67.9% | 0.46 | - |
| Sector ETF (XLF) | 14.2% | 22.2% | 0.59 | 13.0% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 16.0% |
| Gold (GLD) | 15.6% | 15.5% | 0.84 | 11.6% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 9.8% |
| Real Estate (VNQ) | 5.9% | 20.8% | 0.25 | 12.4% |
| Bitcoin (BTCUSD) | 69.3% | 66.5% | 1.09 | 21.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/8/2025 | -2.4% | 1.3% | 9.9% |
| 5/9/2025 | -1.9% | 1.0% | 11.1% |
| 2/12/2025 | -1.2% | -1.0% | -8.8% |
| 9/11/2024 | 0.8% | 0.7% | -3.9% |
| 5/9/2024 | -2.9% | -1.8% | -4.5% |
| 12/7/2023 | -0.8% | -3.8% | -5.6% |
| 6/12/2023 | -0.4% | -1.1% | 15.4% |
| 3/6/2023 | 1.5% | -6.5% | 5.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 7 | 9 |
| # Negative | 10 | 11 | 9 |
| Median Positive | 1.3% | 2.7% | 9.9% |
| Median Negative | -2.7% | -4.7% | -8.8% |
| Max Positive | 13.9% | 24.4% | 15.4% |
| Max Negative | -18.8% | -23.3% | -33.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 09/08/2025 | 10-K |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-Q |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 09/10/2024 | 10-K |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-Q |
| 09/30/2023 | 12/14/2023 | 10-Q |
| 06/30/2023 | 11/16/2023 | 10-K |
| 03/31/2023 | 06/23/2023 | 10-Q |
| 12/31/2022 | 06/09/2023 | 10-Q |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 09/02/2022 | 10-K |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 02/17/2022 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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