US Global Investors (GROW)
Market Price (6/14/2026): $2.95 | Market Cap: $35.0 MilSector: Financials | Industry: Asset Management & Custody Banks
US Global Investors (GROW)
Market Price (6/14/2026): $2.95Market Cap: $35.0 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 12%, Dividend Yield is 3.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.0% 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 -99% Low stock price volatilityVol 12M is 42% 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 -17%, 3Y Excs Rtn is -56% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -16% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 70x Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -17% 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 12%, Dividend Yield is 3.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.0% |
| 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 -99% |
| Low stock price volatilityVol 12M is 42% |
| 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 -17%, 3Y Excs Rtn is -56% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -1.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -16% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 70x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -17% |
| 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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Updated on 6/12/2026
US Global Investors (GROW) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Persistent macroeconomic headwinds and asset management industry pressures contributed to investor caution throughout the period.
U.S. Global Investors' fiscal Q2 2026 earnings call in late February 2026 noted a "volatile and challenging macro market environment." Broad industry trends in 2026 continued to reflect challenges such as fee compression, intense competition, and a shift towards lower-cost passive investment strategies, which generally pressured profitability for traditional asset managers. This overarching sentiment likely created a cautious backdrop for GROW's stock performance.
2. A lack of immediate positive catalysts in the initial part of fiscal Q4 2026 weighed on the stock.
While U.S. Global Investors ultimately reported strong fiscal Q3 2026 results (ended March 31, 2026), including a return to profitability and a 31% year-over-year increase in operating revenues to $2.8 million, these positive announcements were not made until May 13, 2026. The stock experienced a decline in the period between late February and early May, suggesting that without new, significant positive company-specific news during this time, broader market or sector pressures led to a downward re-evaluation by investors.
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US Global Investors (GROW) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Persistent macroeconomic headwinds and asset management industry pressures contributed to investor caution throughout the period.
U.S. Global Investors' fiscal Q2 2026 earnings call in late February 2026 noted a "volatile and challenging macro market environment." Broad industry trends in 2026 continued to reflect challenges such as fee compression, intense competition, and a shift towards lower-cost passive investment strategies, which generally pressured profitability for traditional asset managers. This overarching sentiment likely created a cautious backdrop for GROW's stock performance.
2. A lack of immediate positive catalysts in the initial part of fiscal Q4 2026 weighed on the stock.
While U.S. Global Investors ultimately reported strong fiscal Q3 2026 results (ended March 31, 2026), including a return to profitability and a 31% year-over-year increase in operating revenues to $2.8 million, these positive announcements were not made until May 13, 2026. The stock experienced a decline in the period between late February and early May, suggesting that without new, significant positive company-specific news during this time, broader market or sector pressures led to a downward re-evaluation by investors.
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Stock Movement Drivers
Fundamental Drivers
The -10.4% change in GROW stock from 2/28/2026 to 6/13/2026 was primarily driven by a -97.4% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.30 | 2.96 | -10.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9 | 9 | 7.5% |
| Net Income Margin (%) | 1.1% | 33.3% | 2897.6% |
| P/E Multiple | 430.1 | 11.1 | -97.4% |
| Shares Outstanding (Mil) | 13 | 12 | 7.6% |
| Cumulative Contribution | -10.4% |
Market Drivers
2/28/2026 to 6/13/2026| Return | Correlation | |
|---|---|---|
| GROW | -10.4% | |
| Market (SPY) | 8.4% | 27.7% |
| Sector (XLF) | 4.2% | 20.8% |
Fundamental Drivers
The 23.6% change in GROW stock from 11/30/2025 to 6/13/2026 was primarily driven by a 231.6% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.39 | 2.96 | 23.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9 | 9 | 11.0% |
| Net Income Margin (%) | 10.0% | 33.3% | 231.6% |
| P/E Multiple | 36.2 | 11.1 | -69.3% |
| Shares Outstanding (Mil) | 13 | 12 | 9.4% |
| Cumulative Contribution | 23.6% |
Market Drivers
11/30/2025 to 6/13/2026| Return | Correlation | |
|---|---|---|
| GROW | 23.6% | |
| Market (SPY) | 9.2% | 18.6% |
| Sector (XLF) | 0.9% | 6.1% |
Fundamental Drivers
The 39.4% change in GROW stock from 5/31/2025 to 6/13/2026 was primarily driven by a 1735.3% change in the company's Net Income Margin (%).| (LTM values as of) | 5312025 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.12 | 2.96 | 39.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9 | 9 | 6.2% |
| Net Income Margin (%) | 1.8% | 33.3% | 1735.3% |
| P/E Multiple | 170.7 | 11.1 | -93.5% |
| Shares Outstanding (Mil) | 13 | 12 | 9.8% |
| Cumulative Contribution | 39.4% |
Market Drivers
5/31/2025 to 6/13/2026| Return | Correlation | |
|---|---|---|
| GROW | 39.4% | |
| Market (SPY) | 27.3% | 22.6% |
| Sector (XLF) | 6.3% | 11.7% |
Fundamental Drivers
The 24.4% change in GROW stock from 5/31/2023 to 6/13/2026 was primarily driven by a 582.3% change in the company's Net Income Margin (%).| (LTM values as of) | 5312023 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.38 | 2.96 | 24.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 23 | 9 | -58.0% |
| Net Income Margin (%) | 4.9% | 33.3% | 582.3% |
| P/E Multiple | 32.2 | 11.1 | -65.5% |
| Shares Outstanding (Mil) | 15 | 12 | 26.1% |
| Cumulative Contribution | 24.4% |
Market Drivers
5/31/2023 to 6/13/2026| Return | Correlation | |
|---|---|---|
| GROW | 24.4% | |
| Market (SPY) | 84.5% | 23.3% |
| Sector (XLF) | 76.3% | 19.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GROW Return | -18% | -33% | 1% | -10% | 3% | 22% | -38% |
| Peers Return | 39% | -19% | 10% | 13% | 52% | 18% | 150% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| GROW Win Rate | 42% | 42% | 42% | 50% | 42% | 83% | |
| Peers Win Rate | 63% | 43% | 43% | 65% | 65% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GROW Max Drawdown | -64% | -55% | -24% | -16% | -18% | -32% | |
| Peers Max Drawdown | -20% | -42% | -30% | -19% | -25% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[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 6/12/2026 (YTD)
How Low Can It Go
| Event | GROW | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.4% | -18.8% |
| % Gain to Breakeven | 18.1% | 23.1% |
| Time to Breakeven | 59 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -15.4% | -9.5% |
| % Gain to Breakeven | 18.2% | 10.5% |
| Time to Breakeven | 827 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -18.5% | -6.7% |
| % Gain to Breakeven | 22.6% | 7.1% |
| Time to Breakeven | 107 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -34.9% | -33.7% |
| % Gain to Breakeven | 53.7% | 50.9% |
| Time to Breakeven | 20 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -39.8% | -19.2% |
| % Gain to Breakeven | 66.1% | 23.8% |
| Time to Breakeven | 182 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -31.7% | -3.7% |
| % Gain to Breakeven | 46.5% | 3.9% |
| Time to Breakeven | 36 days | 6 days |
In The Past
US Global Investors's stock fell -15.4% during the 2025 US Tariff Shock. Such a loss loss requires a 18.1% gain to breakeven.
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Asset Allocation
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| Event | GROW | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -34.9% | -33.7% |
| % Gain to Breakeven | 53.7% | 50.9% |
| Time to Breakeven | 20 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -39.8% | -19.2% |
| % Gain to Breakeven | 66.1% | 23.8% |
| Time to Breakeven | 182 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -31.7% | -3.7% |
| % Gain to Breakeven | 46.5% | 3.9% |
| Time to Breakeven | 36 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -55.9% | -12.2% |
| % Gain to Breakeven | 126.6% | 13.9% |
| Time to Breakeven | 617 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -71.9% | -6.8% |
| % Gain to Breakeven | 256.2% | 7.3% |
| Time to Breakeven | 660 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -25.2% | -0.2% |
| % Gain to Breakeven | 33.6% | 0.2% |
| Time to Breakeven | 41 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 3415 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -44.3% | -15.4% |
| % Gain to Breakeven | 79.6% | 18.2% |
| Time to Breakeven | 285 days | 125 days |
In The Past
US Global Investors's stock fell -15.4% during the 2025 US Tariff Shock. Such a loss loss requires a 18.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About US Global Investors (GROW)
U.S. Global Investors, Inc. is a publicly owned investment manager. The firm primarily provides its services to investment companies. It also provides its services to pooled investment vehicles. The firm manages equity and fixed income mutual funds for its clients. It also manages hedge funds. The firm also manages exchange traded funds. It invests in the public equity and fixed income markets across the globe. It invests in G.A.R.P. and value stocks to make its equity investments. The firm employs a fundamental and quantitative analysis with top-down and bottom-up stock picking approach to make its investments. U.S. Global Investors, Inc. was founded in 1968 and is based in San Antonio, Texas.
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```html- A smaller, publicly traded version of an asset manager like BlackRock or Fidelity.
- A boutique T. Rowe Price or Franklin Templeton, managing various investment funds.
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Major Products and Services of U.S. Global Investors (GROW):
- Mutual Fund Management: The firm manages a variety of equity and fixed income mutual funds for its clients.
- Hedge Fund Management: The firm provides management services for hedge funds.
- Exchange Traded Fund (ETF) Management: The firm also manages exchange traded funds.
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U.S. Global Investors (symbol: GROW) primarily provides its services to investment companies and pooled investment vehicles. While the background description does not name specific third-party client companies, the firm's major customers are the investment funds and vehicles that it manages and advises. These distinct legal entities pay management fees to U.S. Global Investors for its services. Based on its business model, its primary customers include:
- U.S. Global Investors Funds (an umbrella organization for various mutual funds)
- U.S. Global Jets ETF (symbol: JETS)
- U.S. Global GO GOLD and Precious Metal Miners ETF (symbol: GOAU)
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- U.S. Bancorp (USB)
- BDO USA, P.C.
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```htmlFrank Holmes, CEO and Chief Investment Officer
- Frank Holmes acquired a controlling interest in U.S. Global Investors in 1989 and has served as CEO and Chief Investment Officer since.
- He is also the executive chairman of HIVE Blockchain Technologies, recognized as the first publicly traded cryptocurrency mining company.
- Prior to acquiring U.S. Global Investors, he was a successful investor in mining companies, metals, and commodities.
- Holmes has led the development of sector-specific investment products, including the U.S. Global Jets ETF, and established some of the first no-load China and Eastern European funds.
Lisa Callicotte, Chief Financial Officer
- Lisa Callicotte serves as the Chief Financial Officer for U.S. Global Investors, a position she has held since at least July 2013.
- She frequently participates in the company's financial webcasts alongside the CEO.
Michael Matousek, Head Trader
- Michael Matousek has served as the Head Trader at U.S. Global Investors since 2008, bringing over 25 years of experience in the financial industry.
- His prior experience includes senior positions such as Director of Institutional Sales and Trading at Terra Nova Trading, and he was an owner of M1 Consultants LLC and a partner and head trader at Texas Equities Trading LP.
- He is responsible for overseeing the firm's exchange-traded funds (ETFs) and implementing quantitative investment strategies.
Holly Schoenfeldt, Director of Marketing
- Holly Schoenfeldt holds the title of Director of Marketing and Public Relations Leader at U.S. Global Investors.
- She is involved in communicating the company's financial results and marketing initiatives, participating in official company webcasts.
Ralph P. Aldis, Senior Mining Analyst and Portfolio Manager
- Ralph P. Aldis is a Portfolio Manager and Senior Mining Analyst at U.S. Global Investors, with a focus on precious metals and mining sectors.
- He, along with Frank Holmes, received the award for Best Americas Based Fund Manager from the Mining Journal in 2016.
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Here are the key risks to U.S. Global Investors (GROW):
- Dependence on Favorable Market Conditions and Investment Income for Overall Profitability: U.S. Global Investors' profitability is significantly influenced by market conditions. The company's core investment management segment has, at times, generated operating losses, with overall profitability heavily reliant on net investment income derived from its own investments. This makes the company highly susceptible to market downturns and volatility, as adverse market conditions could lead to reduced investment income and negatively impact financial results.
- Concentration Risk in Specialized and Volatile Investment Sectors: U.S. Global Investors has targeted exposure to specialized and often volatile sectors such as gold, precious metals, energy, aerospace & defense, cybersecurity, and semiconductors through its managed funds. These industries are prone to significant short-term price fluctuations, geopolitical and economic risks, and regulatory changes. Concentrating investments in such sectors can lead to greater volatility and sensitivity to sector-specific downturns compared to a more diversified portfolio, potentially impacting assets under management (AUM) and fee revenue.
- Regulatory Compliance and Evolving Regulatory Landscape: As a publicly owned investment manager, U.S. Global Investors operates within a complex and continuously evolving regulatory environment. The firm faces ongoing challenges related to regulatory compliance and reporting, driven by increasing global requirements for transparency, data security, and precise financial disclosures. Changes in regulations, increased scrutiny from authorities, and the associated costs of maintaining compliance pose an ongoing business risk.
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The accelerating shift of investor capital from higher-fee, actively managed funds to lower-cost passive investment vehicles such as index funds and exchange-traded funds (ETFs), coupled with the emergence of AI-driven investment platforms and robo-advisors, presents a clear emerging threat. These alternatives erode the demand for traditional active management, thereby directly threatening U.S. Global Investors' assets under management and fee revenue from providing active management services to investment companies and pooled vehicles.
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U.S. Global Investors (NASDAQ: GROW) operates in the expansive global and U.S. investment management markets, offering mutual funds, hedge funds, and exchange-traded funds (ETFs) to individual and institutional investors. The addressable markets for its main products and services are substantial:
Investment Management Services
- U.S. Market: The United States asset management market size is projected at USD 70.97 trillion in 2026.
Mutual Funds
- Global Market: The global assets under management (AUM) of mutual funds is estimated to be more than USD 60 trillion. In 2022, the global mutual fund assets market size was approximately USD 67.48 trillion.
- U.S. Market: The United States Mutual Funds Market was valued at USD 34.58 trillion in 2024.
Hedge Funds
- Global Market: The global hedge fund market size was valued at approximately USD 5.06 trillion in 2025 and is projected to reach USD 7.28 trillion by 2034. In 2026, the hedge fund market size stands at USD 5.71 trillion in assets under management.
- U.S. Market: The United States hedge fund market size stands at USD 2.11 trillion in 2026 and is projected to reach USD 3.18 trillion by 2031.
Exchange-Traded Funds (ETFs)
- Global Market: Global ETF assets under management (AuM) reached a record of USD 19.85 trillion at the end of December 2025.
- U.S. Market: Assets invested in U.S. ETFs reached a record USD 14.28 trillion at the end of February 2026.
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Here are 3-5 expected drivers of future revenue growth for U.S. Global Investors (GROW) over the next 2-3 years:
- Growth in Assets Under Management (AUM): A primary driver for an investment management firm, an increase in AUM directly correlates with higher management fees, thereby boosting revenue. U.S. Global Investors reported an increase in its total AUM to approximately $1.7 billion as of February 19, 2026, representing a 12% sequential increase and a 5% year-over-year rise in AUM, with management indicating a focus on growing AUM towards profitability thresholds for individual ETFs. The growth in the second fiscal quarter of 2026 was largely attributed to higher equity mutual fund AUM.
- Launch and Expansion of Thematic Exchange-Traded Funds (ETFs): The company has been proactive in introducing new ETF products designed to capitalize on emerging market trends. Notably, it has launched ETFs focusing on sectors such as AI defense, global shipping, and the WAR ETF, which provides exposure to aerospace, defense, semiconductors, and cybersecurity. The continued success and expansion of these innovative thematic offerings are anticipated to attract new investor capital and drive future growth.
- Performance and Market Trends in Specialized Sectors (Gold, Airlines, Natural Resources): U.S. Global Investors leverages its established expertise in niche sectors like gold, natural resources, and airlines. Management expresses optimism regarding gold and thematic investing strategies. With gold demand and prices reaching historic milestones in 2025 and projections for continued support from diversification and macroeconomic uncertainty, the company's gold-focused funds, such as GOAU, are well-positioned for inflows. Similarly, resilient air travel demand in 2025 provides a constructive backdrop for its airline-related funds.
- Strategic Investments in Emerging Technologies: The company's strategic investment in HIVE Digital Technologies, which is involved in the AI business, has been highlighted as an attractive investment. This positioning within the burgeoning AI infrastructure and national security spending cycle, which is driving a multiyear global capital expenditure cycle, aligns with broader market trends and could contribute to the company's investment income and potentially influence AUM for related funds.
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```htmlShare Repurchases
- U.S. Global Investors' Board of Directors modified its buyback program in February 2022, increasing the annual limit from $2.75 million to $5 million.
- The company repurchased approximately 1 million shares since March 2022.
- For the fiscal year ending June 30, 2025, the share repurchase program utilized $1.9 million in cash for buybacks. During the six months ended December 31, 2025, U.S. Global Investors repurchased 421,269 Class A shares for approximately $1.1 million.
Share Issuance
- U.S. Global Investors reported minor issuance of common stock amounting to $36 thousand for the six months ended December 31, 2025, and $36 thousand for the six months ended December 31, 2024.
- For the nine months ended March 31, 2023, the company reported $43 thousand in issuance of common stock, and $39 thousand for the nine months ended March 31, 2022.
Inbound Investments
- No information is publicly available regarding large, strategic inbound investments made in U.S. Global Investors by third-parties during the last 3-5 years. The company's "Corporate Investments" segment refers to investments made for its own account.
Outbound Investments
- No information is publicly available regarding significant strategic outbound investments made by U.S. Global Investors in other companies during the last 3-5 years. The company's "Corporate Investments" segment primarily involves investing for its own account within its business as an investment manager.
Capital Expenditures
- Specific dollar values for capital expenditures are not consistently and materially disclosed in the available financial reports for U.S. Global Investors. As an investment management firm, significant capital expenditures on physical assets are generally not a primary focus.
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 | 75.47 |
| Mkt Cap | 14.8 |
| Rev LTM | 7,811 |
| Op Inc LTM | 105 |
| FCF LTM | 530 |
| FCF 3Y Avg | 493 |
| CFO LTM | 553 |
| CFO 3Y Avg | 567 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.3% |
| Rev Chg 3Y Avg | 5.4% |
| Rev Chg Q | 21.3% |
| QoQ Delta Rev Chg LTM | 4.8% |
| Op Inc Chg LTM | 14.6% |
| Op Inc Chg 3Y Avg | -0.1% |
| Op Mgn LTM | 14.2% |
| Op Mgn 3Y Avg | 14.5% |
| QoQ Delta Op Mgn LTM | 1.2% |
| CFO/Rev LTM | 13.4% |
| CFO/Rev 3Y Avg | 16.0% |
| FCF/Rev LTM | 12.3% |
| FCF/Rev 3Y Avg | 14.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 14.8 |
| P/S | 3.5 |
| P/Op Inc | 13.0 |
| P/EBIT | 11.7 |
| P/E | 18.9 |
| P/CFO | 20.5 |
| Total Yield | 6.3% |
| Dividend Yield | 2.5% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.4 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.2% |
| 3M Rtn | 19.5% |
| 6M Rtn | 25.6% |
| 12M Rtn | 66.2% |
| 3Y Rtn | 79.9% |
| 1M Excs Rtn | 2.2% |
| 3M Excs Rtn | 7.5% |
| 6M Excs Rtn | 17.9% |
| 12M Excs Rtn | 40.5% |
| 3Y Excs Rtn | 11.4% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Investment Management Services | 8 | 11 | 15 | 25 | 22 |
| Corporate Investments | 0 | 0 | 0 | 0 | |
| Total | 8 | 11 | 15 | 25 | 22 |
| $ Mil | 2025 | 2024 | 2017 | 2016 | 2005 |
|---|---|---|---|---|---|
| Corporate Investments | 0 | 0 | -0 | -0 | -0 |
| Investment Management Services | -3 | -0 | -1 | -4 | 3 |
| Investment Management Services - Canada | -0 | -0 | |||
| Total | -3 | -0 | -1 | -4 | 2 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Investment Management Services | 26 | 27 | 26 | 23 | 18 |
| Corporate Investments | 21 | 23 | 28 | 34 | 45 |
| Deferred tax asset | 1 | 2 | 2 | 1 | |
| Total | 48 | 52 | 56 | 58 | 62 |
Price Behavior
Price Behavior
| Market Price | $2.96 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 06/03/1996 | |
| Distance from 52W High | -16.9% | |
| 50 Days | 200 Days | |
| DMA Price | $2.63 | $2.65 |
| DMA Trend | up | down |
| Distance from DMA | 12.3% | 11.5% |
| 3M | 1YR | |
| Volatility | 53.5% | 41.8% |
| Downside Capture | 205.06 | 82.70 |
| Upside Capture | 95.03 | 91.28 |
| Correlation (SPY) | 27.0% | 22.2% |
GROW Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.06 | 0.07 | 0.96 | 0.64 | 0.76 | 0.47 |
| Up Beta | 0.98 | -1.57 | -0.92 | -0.79 | -0.02 | 0.15 |
| Down Beta | 1.64 | 1.43 | 2.01 | 1.38 | 1.17 | 0.64 |
| Up Capture | -38% | 71% | 67% | 93% | 84% | 23% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 10 | 21 | 27 | 61 | 126 | 345 |
| Down Capture | -143% | 162% | 216% | 96% | 93% | 84% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 6 | 16 | 32 | 53 | 102 | 316 |
[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 | 29.5% | 41.7% | 0.72 | - |
| Sector ETF (XLF) | 6.2% | 14.7% | 0.20 | 11.6% |
| Equity (SPY) | 24.9% | 12.3% | 1.52 | 22.2% |
| Gold (GLD) | 25.5% | 27.4% | 0.81 | 27.1% |
| Commodities (DBC) | 30.1% | 19.0% | 1.25 | 10.0% |
| Real Estate (VNQ) | 13.5% | 13.5% | 0.69 | 13.4% |
| Bitcoin (BTCUSD) | -41.7% | 42.2% | -1.16 | 13.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GROW | |
|---|---|---|---|---|
| GROW | -10.7% | 36.1% | -0.23 | - |
| Sector ETF (XLF) | 8.8% | 18.6% | 0.35 | 32.3% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 33.8% |
| Gold (GLD) | 16.8% | 18.2% | 0.75 | 10.6% |
| Commodities (DBC) | 8.4% | 19.4% | 0.33 | 11.5% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.05 | 24.8% |
| Bitcoin (BTCUSD) | 13.6% | 54.4% | 0.44 | 23.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GROW | |
|---|---|---|---|---|
| GROW | 7.7% | 66.5% | 0.39 | - |
| Sector ETF (XLF) | 12.9% | 22.2% | 0.53 | 14.0% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 17.0% |
| Gold (GLD) | 12.5% | 16.1% | 0.64 | 9.5% |
| Commodities (DBC) | 6.7% | 18.0% | 0.29 | 8.4% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 13.7% |
| Bitcoin (BTCUSD) | 60.3% | 66.8% | 1.00 | 21.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/8/2026 | 2.6% | ||
| 2/20/2026 | 1.8% | 2.1% | -8.1% |
| 11/12/2025 | 0.8% | -4.2% | 3.3% |
| 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% |
| 11/7/2024 | 0.7% | -2.1% | -2.1% |
| 9/11/2024 | 0.8% | 0.7% | -3.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 11 | 9 |
| # Negative | 12 | 11 | 13 |
| Median Positive | 1.0% | 2.3% | 6.7% |
| Median Negative | -2.5% | -4.7% | -5.9% |
| Max Positive | 7.4% | 13.3% | 41.5% |
| Max Negative | -18.8% | -23.3% | -24.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/13/2026 | 10-Q |
| 12/31/2025 | 02/20/2026 | 10-Q |
| 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 |
Insider Activity
Updated 6/4/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Pilecki, Derek Steven | Investment adviser with discretion over multiple client accounts (See Footnote 1, 2, 3, and 4) | Buy | 6042026 | 2.60 | 330 | 858 | 2,916,142 | Form | |
| 2 | Gator, Capital Management, Llc | Investment adviser with discretion over multiple client accounts (See Footnotes) | Buy | 6042026 | 2.60 | 330 | 858 | 2,916,142 | Form | |
| 3 | Pilecki, Derek Steven | Investment adviser with discretion over multiple client accounts (See Footnote 1, 2, 3, and 4) | Buy | 6042026 | 2.59 | 20,496 | 53,177 | 2,909,117 | Form | |
| 4 | Gator, Capital Management, Llc | Investment adviser with discretion over multiple client accounts (See Footnotes) | Buy | 6042026 | 2.59 | 20,496 | 53,177 | 2,909,117 | Form | |
| 5 | Gator, Capital Management, Llc | Investment adviser with discretion over multiple client accounts (See Footnotes) | Buy | 6022026 | 2.60 | 1,376 | 3,578 | 2,861,994 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Asset Management & Custody Banks Resources |
| Pensions & Investments |
| Institutional Investor |
| Ignites |
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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Core Cache Last Updated: 6/13/2026