U.S. Global amends Q3 FY2026 10-Q for material weakness in EPS controls; EPS cut to $0.21

Filed June 5, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 13, 2026 · ~1 min read

Key Changes

• high

  Management identified a material weakness in internal control over financial reporting as of March 31, 2026, concluding disclosure controls were not effective. A review control failed to detect spreadsheet formula errors in EPS calculations, allowing a misstatement to go undetected.

  Controls & Procedures verify on EDGAR →
• high

  Diluted EPS for Q3 FY2026 corrected from $0.23 to $0.21 (9% reduction) after the company discovered it omitted a share component, understating weighted-average shares outstanding by 702,484 shares. Net income of $2.7M unchanged.

  Notes: EPS Restatement verify on EDGAR →
• medium

  Company began implementing remediation measures after March 31, 2026, including enhanced review procedures and spreadsheet validation controls. Management is still evaluating whether these measures are effective.

  Controls & Procedures verify on EDGAR →