U.S. Global Investors (GROW) Cash Flow: Operating & Free Cash Flow

U.S. Global Investors (GROW) Cash Flow Statement

In fiscal 2026 (fiscal year ended Jun 30, 2026), U.S. Global Investors generated $742.00K of operating cash flow and spent $60.00K on capital expenditures. That left free cash flow of $682.00K, or 8.8% of revenue. It returned $3.11M to shareholders through $1.14M in dividends and $1.97M in share buybacks.

U.S. Global Investors Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for U.S. Global Investors, Inc. (GROW) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jun 2026	Jun 2025	Jun 2024	Sep 2023	Jun 2023	Jun 2022	Sep 2021	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Operating Activities
Net Income	3.06	-0.33	1.33	3.15	3.15	3.44	31.96	31.96	-4.80	-3.44	0.69	-0.54
Depreciation & Amortization	0.01	-0.12	-0.14	-0.25	-0.25	-0.42	0.20	0.37	0.20	0.22	0.24	0.25
Deferred Income Tax	-0.21	0.82	0.45	-0.44	-0.44	-2.44	1.06	-	-0.14	-0.97	0.05	0.00
Stock Based Compensation	0.01	0.12	0.00	0.00	-	0.73	0.06	0.06	0.10	0.01	0.02	0.01
Change in Working Capital	0.74	-1.06	-0.70	-0.79	-0.91	1.60	-0.27	-0.27	-0.12	2.91	0.68	0.53
Change in Accounts Receivable	0.70	-0.80	0.05	0.36	0.36	2.50	-3.69	-3.69	-0.67	0.72	-0.75	0.29
Change in Inventory	0.00	0.00	0.00	0.00	-	0.00	0.00	-	0.00	0.35	0.00	0.00
Change in Accounts Payable	0.04	-0.24	-0.80	-1.07	-1.19	-0.69	3.43	3.43	0.00	-0.35	0.00	0.00
Change in Other Working Capital	0.00	-0.02	0.11	-0.08	0.11	-0.22	-0.02	-0.02	0.55	2.20	1.43	0.24
Other Operating Activities	-2.90	0.56	0.11	1.24	0.11	5.19	-28.23	-27.36	2.80	0.07	-1.71	0.45
Net Cash from Operating Activities	0.74	-0.82	0.99	2.91	2.91	10.54	4.77	4.77	-1.95	-1.19	-0.03	0.69
Investing Activities
Capital Expenditures	-0.06	-0.01	-0.21	-0.01	-0.01	-0.22	-0.07	-0.07	0.00	0.00	0.00	0.00
Acquisitions	0.00	0.00	0.00	-2.69	-	0.09	10.17	-	0.75	0.00	1.31	0.00
Purchases of Investments	-1.21	-1.25	-0.81	-0.66	-0.66	-6.74	-17.00	-17.00	-0.13	-1.84	-2.42	-1.31
Sales/Maturities of Investments	3.40	2.31	5.44	3.35	3.35	5.94	25.72	25.72	1.72	0.08	2.17	1.15
Other Investing Activities	0.26	0.00	0.26	2.69	-	0.00	-10.17	-	0.20	0.04	2.00	0.00
Net Cash from Investing Activities	2.12	1.06	4.42	2.67	2.67	-1.02	8.65	8.65	2.54	-1.73	3.06	-0.16
Financing Activities
Debt Repayment	-0.03	-0.03	-0.03	-0.03	-0.03	0.00	0.00	-	0.44	0.00	0.00	0.00
Common Stock Issued	0.07	0.07	0.07	0.06	0.06	0.05	0.01	0.01	0.00	0.00	0.01	0.01
Common Stock Repurchased	-1.97	-1.97	-2.17	-1.20	-1.20	-0.45	-0.31	-0.31	-0.11	-0.02	-0.14	-0.11
Dividends Paid	-1.14	-1.21	-1.28	-1.33	-1.33	-1.24	-0.64	-0.64	-0.45	-0.45	-0.46	-0.46
Other Financing Activities	-0.02	-0.02	0.00	0.00	-	0.00	0.00	-	0.00	0.00	0.00	0.00
Net Cash from Financing Activities	-3.09	-3.08	-3.41	-2.50	-2.50	-1.64	-0.94	-0.94	-0.12	-0.47	-0.59	-0.56
Summary
Effect of Forex Changes on Cash	0.00	0.00	0.00	0.00	-	0.00	0.00	-	0.00	0.00	-0.03	0.00
Net Change in Cash	-0.22	-2.85	2.00	3.09	3.09	7.88	12.48	12.48	0.47	-3.39	2.41	-0.04
Cash at Beginning of Period	25.55	28.40	26.40	23.31	23.31	15.44	2.96	-	2.49	7.36	4.96	4.99
Cash at End of Period	25.33	25.55	28.40	26.40	26.40	23.31	15.44	-	2.96	3.97	7.36	4.96
Free Cash Flow	0.68	-0.83	0.78	2.90	2.90	10.32	4.69	4.69	-1.95	-1.19	-0.03	0.69
Supplemental Disclosures
Interest Paid	-	0.00	0.00	-	0.00	-	-	-	-	-	-	-
Income Taxes Paid	-	0.13	0.25	-	1.49	4.14	-	4.70	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About U.S. Global Investors Cash Flow

What is U.S. Global Investors's free cash flow?

U.S. Global Investors generated free cash flow of $682.00K in fiscal 2026 (fiscal year ended Jun 30, 2026), operating cash flow of $742.00K minus $60.00K of capital expenditures. Free cash flow equaled 8.8% of revenue.

How much does U.S. Global Investors spend on capital expenditures?

U.S. Global Investors spent $60.00K on capital expenditures in fiscal 2026, compared with $7.00K a year earlier. That equals 8.1% of operating cash flow.

Does U.S. Global Investors pay dividends or buy back shares?

Yes. In fiscal 2026 U.S. Global Investors returned $1.14M in dividends and $1.97M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition