EPS (Diluted)Not reportedfor the trailing 12 months
Operating Cash Flow$0n/m YoY
Source SEC FilingsLatest period Q3 FY2026, ended Sep 30, 2026ReportedCurrency USDFYE December
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 6, 2026.
Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AAAU SEC filings page.
This page shows Goldman Sachs Physical Gold ETF Shares (AAAU) financial statements, including the
income statement, balance sheet, cash flow statement, and key financial ratios.
View 7 years of annual fundamentals and quarterly data, with year-over-year
growth rates and compound annual growth rates (CAGR).
All figures are derived from SEC filings.
Rhea AIAAAUFY2025
The reported profile is an asset pool whose size and accounting gains expanded sharply, not a conventional sales-and-cost operating business.
From FY2023 to FY2025, total assets expanded 297.0% while net income increased 1289.2%; that divergence indicates reported earnings were highly sensitive to changing portfolio values rather than a recurring operating margin. The pattern describes an investment vehicle whose results are shaped more by asset valuation than by selling activity.
The balance sheet is overwhelmingly equity-funded: FY2025 liabilities were $381K against $2.5B of assets, leaving little reported creditor funding in the structure. Liabilities fell 95.5% from FY2024 while assets rose 183.1%, so expansion was not accompanied by greater leverage.
The absence of revenue, cash-flow, and margin measures changes how the results should be read: net income rose from $162.1M in FY2024 to $783.4M in FY2025, but those figures cannot be interpreted as sales profitability or cash conversion. The reported 0.0% operating-cash-flow-to-net-income figure in both years reinforces that the accounting result was not accompanied by reported operating cash flow.
Financial Health Signals
Financial health score not available
We do not publish a peer-relative financial health score for Goldman Sachs Physical Gold ETF Shares, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Piotroski F-ScorePartial
2/5
Goldman Sachs Physical Gold ETF Shares passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
Earnings QualityLow Quality
0.00x
For every $1 of reported earnings, Goldman Sachs Physical Gold ETF Shares generates $0.00 in operating cash flow ($0 OCF vs $783.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Goldman Sachs Physical Gold ETF Shares reported $79.2M in net income in Q3 2026. This represents a decrease of 70.1% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Revenue
Not reported for Q3 2026.
EBITDA
Not reported for Q3 2026.
EPS (Diluted)
Not reported for Q3 2026.
Cash & Balance Sheet
Cash & Debt
$0
YoYn/m
QoQn/m
Goldman Sachs Physical Gold ETF Shares held $0 in cash as of Q3 2026; no long-term debt figure is on record for that period.
Shares Outstanding
64M
YoY+13.5%
QoQ+5.4%
5Y CAGR+22.4%
Goldman Sachs Physical Gold ETF Shares had 64M shares outstanding in Q3 2026. This represents an increase of 13.5% from the same quarter a year earlier. Against the prior quarter it is up 5.4%.
Free Cash Flow
Not reported for Q3 2026.
Dividends Per Share
Not reported for Q3 2026.
Margins & Returns
Return on Equity
2.9%
YoY-10.5pp
QoQ+17.7pp
5Y change+4.2pp
Goldman Sachs Physical Gold ETF Shares's quarterly ROE was 2.9% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 10.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 17.7 percentage points.
Gross Margin
Not reported for Q3 2026.
Operating Margin
Not reported for Q3 2026.
Net Margin
Not reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 2026.
AAAU Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, EPS (Diluted), Diluted Shares (Avg).
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, EPS (Diluted), Diluted Shares (Avg).
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
AAAU Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.
AAAU Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
AAAU Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Debt-to-Equity, Asset Turnover, FCF Margin.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Debt-to-Equity, Asset Turnover, FCF Margin.
Where Goldman Sachs Physical Gold ETF Shares Ranks
Yes, Goldman Sachs Physical Gold ETF Shares (AAAU) reported a net income of $150.9M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $783.4M.
Goldman Sachs Physical Gold ETF Shares (AAAU) has a return on equity of 30.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Goldman Sachs Physical Gold ETF Shares (AAAU) generated $0 in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Goldman Sachs Physical Gold ETF Shares (AAAU) had $2.5B in total assets as of fiscal year 2025, including both current and long-term assets.
Goldman Sachs Physical Gold ETF Shares (AAAU) had 60M shares outstanding as of fiscal year 2025.
Goldman Sachs Physical Gold ETF Shares (AAAU) had a liabilities-to-equity ratio of 0.00 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
Goldman Sachs Physical Gold ETF Shares (AAAU) had a return on assets of 30.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Goldman Sachs Physical Gold ETF Shares (AAAU) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Goldman Sachs Physical Gold ETF Shares (AAAU) has an earnings quality ratio of 0.00x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
