U S GLOBAL INVESTORS INC · Investment Advice

GROW

High riskNext report: Around Nov 11 (est.)

View price ↗

The short version

A company still losing money with growing sales. Insiders and institutions are both adding.

Going well

Sales up 58% in the latest quarter vs a year ago
Sales growth speeding up
Buying back shares: share count down 11% in 3 years

Watch out for

Losing money

Money moves

2 insiders bought $38K of shares with their own money in the last 30 days
Institutions added 7.2% to their holdings in the quarter ending June 2026 (16 bought, 11 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$2.62-0.4% that day

Latest insider buy: An insider bought at $2.58 on Oct 23. The stock is now $2.62, +1.6% since.

Company value: $27M; Share price times all shares
Price vs profit (P/E): 10.9x; You pay about $11 for each $1 of yearly profit
Price vs sales: 1.9x; Company value is 1.9 times a year of sales
Dividend yield: 0.3%; Yearly dividend as a share of today's price
Cash vs value: 89%; A big cushion: cash is a large part of what the company is worth
Debt vs value: 0%; Debt as a share of company value

From GROW's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26 (worked out from yearly totals)

$6.9M+58% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $14.4M, up 33% from the 12 months before. Over 5 years, sales grew about 19% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of GROW. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +33% a yearProfit margin21%Last 12 months: 21.2%P/E at the end11xToday: 10.9x. Many steady companies trade at 12x to 25xShare count change-4% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$53M

Profit in 5 years$11M

Price these guesses point to$14.45+451% vs $2.62 todayAbout +41% a year, before dividends

What today's price needs: with a 21% margin and a 11x P/E, sales could shrink about 7.6% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.-0.7%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-3.1%
MissProfitable every yearSteady profits, not one good year.5 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$829K
PassShare count not growingNot diluting owners. Falling means buybacks.-11.1% in 3 years

Revenue: $10.8M; -1.3% vs prior year
5-year growth: +19.4%/yr; revenue, per year
Total debt: $75K; 0.00x equity
Free cash flow: -$829K; -7.6% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Sep 3

Revenue: $6.9M; +57.9% YoY
EPS: -$0.02; vs -$0.02
Op. margin: -1.3%; +21.6 pts
Free cash flow: $203K

Some values are worked out from year-to-date totals in the annual report.

Insider rating

Last 90 days

72Buying

2 insiders bought $38K
Cluster buy: 2 insiders within 4 days

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

88/ 100

This week: 5
Normal week: 0.7
vs normal: 7.1x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+7.2%

Institutions added 7.2% to their holdings. 16 bought, 11 sold. 5 quarters of net buying in a row.

Shares held by institutions4.2M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-6.3%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.0x · $75K debt

Shares outstandingLatest reported

10M

Why high risk

Past financials no longer reliable
Late quarterly report notice

Earnings reports

Last 12

Next reportAround Nov 11 (est.)Estimated from the same quarter last year

Results filedSep 3
Results filedJun 8
Results filedMay 13
Results filedFeb 20
Results filedNov 12, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Past financials no longer reliableJun 2 · View filing ↗Red flag Late quarterly report noticeFeb 18 · View filing ↗Red flag

Insider trades

Open-market buys and sells, last 90 days

Bought$38K2 insiders

Sold$00 insiders

Cluster buy2 buyers$38K in 30 days

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Derek Steven PileckiInsider	Buy	5K	$2.58	$12K	1M	Oct 23Filing ↗
+0.4% of their holdings Held Investment adviser with discretion over multiple client accounts (See Footnote 1, 2, and 3) Filed 3 days after
Gator Capital Management, LLC10% owner	Buy	5K	$2.58	$12K	1M	Oct 23Filing ↗
+0.4% of their holdings Held Investment adviser with discretion over multiple client accounts (See Footnote) Filed 3 days after
Derek Steven Pilecki10% owner	Buy	3K	$2.57	$7K	1M	Oct 20Filing ↗
+0.3% of their holdings Held Investment adviser with discretion over multiple client accounts (See Footnote 1, 2, and 3) Filed 2 days after
Gator Capital Management, LLC10% owner	Buy	3K	$2.57	$7K	1M	Oct 20Filing ↗
+0.3% of their holdings Held Investment adviser with discretion over multiple client accounts (See Footnotes) Filed 2 days after

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

BoughtDerek Steven PileckiInsider

4,532 shares at $2.58 · $12K

+0% of holdings
Now owns 1,129,011 shares
Held Investment adviser with discretion over multiple client accounts (See Footnote 1, 2, and 3)
Filed 3 days after trade

Oct 23Form 4 ↗

BoughtGator Capital Management, LLC10% owner

4,532 shares at $2.58 · $12K

+0% of holdings
Now owns 1,129,011 shares
Held Investment adviser with discretion over multiple client accounts (See Footnote)
Filed 3 days after trade

Oct 23Form 4 ↗

BoughtDerek Steven Pilecki10% owner

2,886 shares at $2.57 · $7K

+0% of holdings
Now owns 1,124,479 shares
Held Investment adviser with discretion over multiple client accounts (See Footnote 1, 2, and 3)
Filed 2 days after trade

Oct 20Form 4 ↗

BoughtGator Capital Management, LLC10% owner

2,886 shares at $2.57 · $7K

+0% of holdings
Now owns 1,124,479 shares
Held Investment adviser with discretion over multiple client accounts (See Footnotes)
Filed 2 days after trade

Oct 20Form 4 ↗

13F-HROct 22 · Form 13F-HR ↗

Other transferLisa CallicotteCFO

328 shares at $2.88 · $945

+1% of holdings
Now owns 39,536 shares
Filed 1 day after trade

Sep 30Form 4 ↗

Other transferFrank E HolmesCEO/CIO, Director, 10% owner

829 shares at $2.88 · $2K

+0% of holdings
Now owns 304,181 shares
Filed 1 day after trade

Sep 30Form 4 ↗

Annual reportSep 3 · Form 10-K ↗Earnings resultsSep 3 · Form 8-K ↗Insider tradeSep 1 · Form 4 ↗Insider tradeSep 1 · Form 4 ↗Insider tradeAug 3 · Form 4 ↗Insider tradeAug 3 · Form 4 ↗13F-HRJul 27 · Form 13F-HR ↗Insider tradeJul 1 · Form 4 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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