U.S. Global Investors to restate March quarter EPS

U. S. Global Investors to restate March quarter EPS U.

S. Global Investors to restate March quarter EPS Proactive uses images sourced from Shutterstock Proactive Tue, June 2, 2026 at 2:28 PM GMT+2 2 min read GROW U. S.

Global Investors (NASDAQ:GROW) announced that it plans to restate earnings per share (EPS) figures for the three-month and nine-month periods ended March 31, 2026, after identifying an error in the calculation of weighted average shares outstanding. The investment management firm reported that a component of shares was inadvertently omitted from a supporting spreadsheet used to calculate basic and diluted weighted average common shares. As a result, weighted average shares outstanding were understated and basic and diluted EPS were overstated for the affected periods.

The company stated that the issue does not affect its reported net income, revenue, operating income, cash position or any other line item in its consolidated financial statements. Only the weighted average share counts and related per-share figures will be revised. U.

S. Global’s CEO and chief investment officer Frank Holmes wrote that the error was a clerical omission in a supporting schedule rather than a change to the company’s underlying financial performance. “Because our share count moves every month as a result of our active buyback program, the weighted average share calculation is inherently dynamic,” Holmes said.

“We have identified the issue and are implementing enhancements to our review procedures so that the per-share presentation of our results accurately reflects that dynamic in every reporting period. ” For the quarter ended March 31, 2026, weighted average shares were understated by 702,484 shares, resulting in an overstatement of basic and diluted EPS of $0. 02.

Corrected basic and diluted EPS for the period is $0. 21, with restated weighted average shares outstanding of 12. 56 million on a basic basis and 12.

59 million on a diluted basis. For the nine months ended March 31, 2026, weighted average shares were understated by 230,743 shares, leading to an overstatement of basic and diluted EPS by $0. 01.

The corrected figures will be included in an amended Form 10-Q/A filing. U. S.

Global Investors stated that previously issued reports, earnings releases, investor presentations and other communications containing the affected financial statements should no longer be relied upon. The company expects to file the amended quarterly report with the U. S.

Securities and Exchange Commission as soon as practicable. The company emphasized that all other financial data reported for the third quarter of fiscal 2026 remains unchanged. It also highlighted the firm's capital return strategy, noting that the company has repurchased approximately 2.

7 million shares over the past five years, reducing its share count by more than 20%. “I want to assure our shareholders that the fundamentals of our business remain strong,” Holmes added.