US Global Investors' Fourth Quarter Report for 2025: Conflicts in Bitcoin investment, asset trends, market changes, aviation industry prospects, and the comparison between gold and Bitcoin

U.S. Global Investors reported third-quarter operating income of $8.5 million, down 23% year-on-year, with a net loss of $0.03 per share. Despite the decline in revenue, management remained optimistic, citing a strong balance sheet, ongoing stock buybacks and monthly dividend payments. The company expects market sentiment in its JETS and gold ETFs to improve, driven by strong fourth-quarter quarterly performance and global de-dollarization trends. The company’s goal is to increase asset management scale (AUM) to over $1.9 billion, seek mergers and acquisitions opportunities, and continue to inject funds into the Bitcoin ecosystem, focusing on the scarcity and popularity of Bitcoin.