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- Restatement (new) — Company restating Q3 2026 financial statements due to EPS calculation error from spreadsheet formula omission.
- Material Weakness (new) — Material weakness identified in internal controls related to review procedures over weighted average share calculations.
U.S. Global Investors restating Q3 2026 earnings after spreadsheet error overstated EPS
Filed June 2, 2026 · Period ending May 29, 2026 · ~1 min read
Key Changes
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Company overstated Q3 2026 EPS by $0.02 and nine-month EPS by $0.01 due to formula error that excluded 702,484 shares from weighted-average calculation. Net income, revenue, and cash flow unchanged.
Item 4.02 verify on EDGAR → -
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Management notes it has identified material weaknesses in internal controls over financial reporting in the past and may do so again related to insufficient review procedures for share count calculations. Enhanced controls being implemented.
Item 4.02 verify on EDGAR → -
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Investors instructed not to rely on original Q3 2026 10-Q filed May 13, 2026, or any related press releases and investor presentations. Amended 10-Q forthcoming.
Item 4.02 verify on EDGAR →
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Source-verified from EDGAR · Narrative written by AI · Jun 3, 2026 · How we verify