Free Cash FlowNot reportedfor the trailing 12 months
Source SEC Filings (10-K/10-Q)Latest period Q1 FY2027, ended Sep 30, 2026ReportedCurrency USDFYE June
Newest figures come from the 10-Q for Q1 FY2027, 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 BAR SEC filings page.
This page shows GraniteShares Gold Shares (BAR) financial statements, including the
income statement, balance sheet, cash flow statement, and key financial ratios.
View 9 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 (10-K and 10-Q reports).
Rhea AIBARFY2026
GraniteShares Gold Trust operates as an asset-holding vehicle: earnings fluctuate with its asset base rather than a conventional revenue engine.
From FY2024 to FY2026, total assets increased 68.6% to $1.33B, while net income rose only 31.6% to $247M; that gap indicates earnings do not scale one-for-one with the asset base.
In FY2026, assets grew 20.6% even as net income fell 21.8% to $247M. This divergence is consistent with a trust whose reported results can move independently of balance-sheet size, rather than a business growing through higher sales volume.
Liabilities were only $205K against $1.33B of assets, revealing an overwhelmingly equity-funded structure. The reported liabilities-to-equity ratio of 0.0002 leaves little evidence that borrowing is driving changes in the asset base.
Financial Health Signals
Financial health score not available
We do not publish a peer-relative financial health score for GraniteShares Gold Shares, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The metrics below are current.
GraniteShares Gold Shares reported $48.8M in net income in Q1 2027. This represents a decrease of 72.8% 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.
EPS (Diluted)
$1.48
YoY-72.0%
QoQn/m
GraniteShares Gold Shares earned $1.48 per diluted share (EPS) in Q1 2027. This represents a decrease of 72.0% 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 Q1 2027.
EBITDA
Not reported for Q1 2027.
Cash & Balance Sheet
Shares Outstanding
33M
YoY-6.1%
QoQ-1.4%
5Y CAGR-8.1%
GraniteShares Gold Shares had 33M shares outstanding in Q1 2027. This represents a decrease of 6.1% from the same quarter a year earlier. Against the prior quarter it is down 1.4%.
Free Cash Flow
Not reported for Q1 2027.
Cash & Debt
Not reported for Q1 2027.
Dividends Per Share
Not reported for Q1 2027.
Margins & Returns
Return on Equity
3.6%
YoY-10.3pp
QoQ+18.4pp
5Y change+4.9pp
GraniteShares Gold Shares's quarterly ROE was 3.6% in Q1 2027: one quarter's net income over shareholder equity, not annualized. This is down 10.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 18.4 percentage points.
Gross Margin
Not reported for Q1 2027.
Operating Margin
Not reported for Q1 2027.
Net Margin
Not reported for Q1 2027.
Capital Allocation
None of these metrics is reported for Q1 2027.
BAR 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.
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.
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, 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.
BAR 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, Cash & Equivalents, 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, Cash & Equivalents, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.
BAR 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.
Yes, GraniteShares Gold Shares (BAR) reported a net income of $116.3M over the trailing 12 months to September 30, 2026. In fiscal year 2026 it reported a net income of $246.9M.
GraniteShares Gold Shares (BAR) reported diluted earnings per share of $7.13 for fiscal year 2026. This represents a -23.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
GraniteShares Gold Shares (BAR) has a return on equity of 18.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
GraniteShares Gold Shares (BAR) had $1.3B in total assets as of fiscal year 2026, including both current and long-term assets.
GraniteShares Gold Shares (BAR) had 33M shares outstanding as of fiscal year 2026.
GraniteShares Gold Shares (BAR) had a liabilities-to-equity ratio of 0.00 as of fiscal year 2026, 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 2026, because the filing data we hold for that year carries no long-term debt figure.
GraniteShares Gold Shares (BAR) had a return on assets of 18.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
