Nature of the Restatement
As was previously reported, the Company identified an inadvertent omission in the spreadsheet used to calculate weighted-average shares. The omission resulted in understated basic and diluted weighted average common shares and overstated basic and diluted EPS for the three- and nine-month periods ended March 31, 2026.
The miscalculation had no impact on the Company's reported net income, total revenues, operating income, cash position or any other line item in the consolidated financial statements. Only the weighted average number of shares outstanding and the resulting per-share figures are affected.
"We recognize that per‑share information is important to our investors. Upon identifying the clerical omission, we completed the restatement as soon as practicable. We are enhancing our controls over the preparation and validation of spreadsheet calculations to support our commitment to accurate financial reporting," said Lisa Callicotte, Chief Financial Officer of U.S. Global Investors.
For the three months 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 EPS, Three Months Ended March 31, 2026
As Reported
As Restated
Basic & Diluted EPS
$0.23
$0.21
Avg. Shares (Basic)
11,858,724
12,561,208
Avg. Shares (Diluted)
11,883,102
12,585,586
For the nine months ended March 31, 2026, weighted average shares were understated by 230,743 shares, resulting in an overstatement of basic and diluted EPS of $0.01.
Corrected EPS, Nine Months Ended March 31, 2026
As Reported
As Restated
Basic & Diluted EPS
$0.27
