U.S. Global Investors, Inc. (GROW) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 295K | 256K | -32K | -14K | -425K | -399K | 16K | 137K | -57K | 26K | 884K | 281K | 1.5M | -47K | 1.18M | 1.39M | 3.65M | 3.09M | 2.4M | 2.83M |
| Operating CF Margin % | 7.18% | 10.2% | -1.42% | -0.71% | -20.21% | -17.88% | 0.74% | 5.61% | -2.2% | 0.92% | 28.22% | 8.49% | 41.42% | -1.26% | 26.63% | 25.48% | 59.19% | 47.02% | 36.83% | 41.02% |
| Operating CF Growth % | 169.41% | 164.16% | -300% | -110.22% | -645.61% | -1634.62% | -98.19% | -51.25% | -103.8% | 155.32% | -24.77% | -79.74% | -58.93% | -101.52% | -51.08% | -50.92% | 171.95% | 1097.1% | 165.12% | 155.05% |
| Net Income | 2.68M | -846K | 1.51M | -181K | -382K | -86K | 315K | 315K | -35K | 1.23M | -176K | 533K | 1.62M | 847K | 118K | 365K | -846K | 3.59M | 2.39M | -868K |
| Depreciation & Amortization | 10K | -2K | -9K | -18K | -28K | -34K | -38K | -36K | -38K | -27K | -38K | -48K | -54K | -67K | -77K | -86K | -92K | -112K | -129K | 49K |
| Stock-Based Compensation | 0 | 0 | 9K | 56K | 68K | 11K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 345K | 388K | 44K |
| Deferred Taxes | -828K | 397K | 323K | 718K | -2K | -21K | 67K | 53K | 330K | 220K | 0 | -175K | 9K | 97K | -369K | -620K | -1.08M | 160K | -905K | -3.18M |
| Other Non-Cash Items | -1.35M | -126K | -1.98M | 98K | -72K | -320K | -277K | -100K | 29K | -750K | 712K | 23K | -724K | 476K | 1.45M | 2.3M | 4.18M | -898K | 370K | -11.9M |
| Working Capital Changes | -211K | 833K | 116K | -687K | -9K | 51K | -51K | -95K | -343K | -646K | 386K | -52K | 650K | -1.4M | 52K | -570K | 1.49M | 6K | 288K | 18.68M |
| Change in Receivables | -58K | 1.03M | -54K | -881K | 118K | -80K | 43K | 0 | -168K | -78K | 291K | -149K | 306K | -60K | 508K | 56K | 124K | 883K | 1.44M | -2.01M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 710K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 103K | 0 | 0 | -183K | -142K | -240K | -245K | 189K | -663K | -77K | -535K | 0 | 0 | -534K | 0 | 1.38M | 0 | 0 | 0 |
| Cash from Investing | -124K | 1.35M | 738K | -1.07M | 1.39M | -12K | 750K | 529K | 935K | 1.46M | 1.49M | 750K | 909K | 753K | 261K | -5.29M | 353K | 712K | 3.21M | 2.47M |
| Capital Expenditures | -20K | -20K | 0 | -1K | 1K | -7K | 0 | -34K | -68K | -52K | -59K | 0 | 0 | 0 | -14K | -7K | -7K | -173K | -33K | -37K |
| CapEx % of Revenue | 0.49% | 0.8% | - | 0.05% | 0.05% | 0.31% | - | 1.39% | 2.62% | 1.85% | 1.88% | - | - | - | 0.32% | 0.13% | 0.11% | 2.63% | 0.51% | 0.54% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 18.12M | 16.66M | 17.25M | 16.06M | 15.92M | 16.6M | 17.49M | 18.06M | 18.65M | 19.78M | 20.67M | 23.6M | 24.66M | 25.02M | 30.66M | 29.92M | 30.39M | 35.49M | 35.77M | 40.29M |
| Other Investing | 0 | 180K | 0 | 0 | 5K | -5K | 0 | 0 | 259K | 1.53M | 0 | -2K | 0 | 0 | 2K | 0 | 85K | 0 | 0 | -658K |
| Cash from Financing | -823K | -961K | -672K | -627K | -741K | -885K | -829K | -727K | -884K | -873K | -927K | -577K | -879K | -577K | -463K | -543K | -422K | -379K | -294K | -342K |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -534K | -648K | -372K | -377K | -434K | -572K | -513K | -406K | -577K | -543K | -594K | -241K | -540K | -235K | -120K | -205K | -97K | -42K | -68K | -116K |
| Dividends Paid | -283K | -287K | -292K | -296K | -299K | -305K | -308K | -313K | -317K | -322K | -326K | -329K | -332K | -336K | -336K | -338K | -338K | -337K | -226K | -226K |
| Share Repurchases | -552K | -666K | -390K | -395K | -453K | -591K | -530K | -424K | -577K | -560K | -611K | -257K | -556K | -249K | -133K | -219K | -97K | -54K | -82K | -125K |
| Other Financing | 0 | -19K | 0 | -20K | 0 | 0 | 0 | 0 | 17K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13K | 0 | 0 | 0 |
| Net Change in Cash | -652K | 641K | 34K | -1.71M | 222K | -1.3M | -63K | -61K | -6K | 617K | 1.45M | 454K | 1.53M | 129K | 973K | -4.45M | 3.59M | 3.42M | 5.32M | 4.96M |
| Free Cash Flow | 275K | 236K | -32K | -15K | -424K | -406K | 16K | 103K | -125K | -26K | 825K | 281K | 1.5M | -47K | 1.16M | 1.38M | 3.65M | 2.92M | 2.37M | 2.79M |
| FCF Margin % | 6.69% | 9.4% | -1.42% | -0.77% | -20.16% | -18.2% | 0.74% | 4.22% | -4.82% | -0.92% | 26.33% | 8.49% | 41.42% | -1.26% | 26.31% | 25.35% | 59.08% | 44.39% | 36.33% | 40.48% |
| FCF Growth % | 164.86% | 158.13% | -300% | -114.56% | -239.2% | -1461.54% | -98.06% | -63.35% | -108.33% | 44.68% | -28.94% | -79.64% | -58.85% | -101.61% | -50.99% | -50.52% | 174.08% | 976.28% | 161.48% | 151.71% |
| FCF per Share | 0.02 | 0.02 | -0.00 | -0.00 | -0.03 | -0.03 | 0.00 | 0.01 | -0.01 | -0.00 | 0.06 | 0.02 | 0.10 | -0.00 | 0.08 | 0.09 | 0.24 | 0.19 | 0.16 | 0.19 |
| FCF Conversion (FCF/Net Income) | 0.11x | -0.30x | -0.02x | 0.08x | 1.11x | 4.64x | 0.05x | 0.43x | 1.63x | 0.02x | -5.02x | 0.53x | 0.93x | -0.06x | 22.17x | 3.80x | -4.32x | 0.86x | 1.01x | -3.26x |
| Interest Paid | 0 | 0 | 2K | 0 | 0 | 0 | 1K | 3K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 20K | 6K | 0 | 0 | 128K | 2K | 250K | 0 | 0 | 1.02M | 0 | 470K | 0 | 2.02M | 200K | 0 | 1.93M | 2.79M |