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GraniteShares Gold Trust Financials

BAR
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE June

This page shows GraniteShares Gold Trust (BAR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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 AI BAR FY2025

Returns are being driven by balance-sheet value changes, not operating turnover, with almost no leverage separating assets from equity.

In FY2025, ROE and ROA were both about 28.6% because liabilities were only $162K against roughly $1.1B of assets; that near identity means shareholder returns are coming almost entirely from changes in asset value, not from borrowed capital magnifying results. The same pattern held in FY2024, when ROE and ROA again matched at about 23.7%, so the earnings jump reflects stronger asset-level performance on a still unlevered base rather than a financing change.

EPS acceleration moved from $4.03 to $9.36 from FY2024 to FY2025. With shares essentially flat over that span, the per-share jump came from the underlying portfolio result rather than from share-count shrinkage.

The balance sheet behaves more like a pass-through pool than an operating company: liabilities remained negligible while equity tracked assets almost one-for-one, leaving little room for creditors to reshape outcomes. Even with assets moving from $791.1M in FY2024 to $1.1B in FY2025, the story is primarily about asset values changing, not about adding debt, receivables, or working capital.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 27 / 100
Financial Profile 27/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of GraniteShares Gold Trust's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage
100

GraniteShares Gold Trust carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Returns
61

GraniteShares Gold Trust's ROE of 28.5% shows moderate profitability relative to equity, earning a score of 61/100. This is up from 23.7% the prior year.

Key Financial Metrics

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
$315.7M
YoY+68.2%
5Y CAGR+14.8%

GraniteShares Gold Trust reported $315.7M in net income in fiscal year 2025. This represents an increase of 68.2% from the prior year.

EPS (Diluted)
$9.36
YoY+132.3%

GraniteShares Gold Trust earned $9.36 per diluted share (EPS) in fiscal year 2025. This represents an increase of 132.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
N/A
Dividends Per Share
N/A
Shares Outstanding
34M
YoY+0.1%

GraniteShares Gold Trust had 34M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
28.5%
YoY+4.8pp
5Y CAGR+13.3pp

GraniteShares Gold Trust's ROE was 28.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.8 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

BAR Income Statement

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income $101.3M-37.7% $162.7M-9.3% $179.4M N/A $165.1M+2712.7% -$6.3M-106.3% $100.0M N/A
EPS (Diluted) $2.87-38.7% $4.68-11.5% $5.29 N/A $4.97+2715.8% $-0.19-106.5% $2.94 N/A

BAR Balance Sheet

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Total Assets $1.6B+6.8% $1.5B+16.0% $1.3B+16.3% $1.1B+6.1% $1.0B+23.1% $846.7M-3.7% $879.2M+11.1% $791.1M
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents N/A N/A N/A N/A N/A N/A N/A N/A
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $253K+14.0% $222K+26.9% $175K+8.0% $162K+10.2% $147K+14.8% $128K+4.1% $123K-10.2% $137K
Current Liabilities N/A N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $1.6B+6.8% $1.5B+16.0% $1.3B+16.3% $1.1B+6.1% $1.0B+23.1% $846.6M-3.7% $879.1M+11.1% $791.0M
Retained Earnings N/A N/A N/A N/A N/A N/A N/A N/A

BAR Financial Ratios

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A N/A
Return on Equity 6.4%-4.5pp 10.9%-3.0pp 14.0% N/A 15.8%+16.6pp -0.8%-12.1pp 11.4% N/A
Return on Assets 6.4%-4.5pp 10.9%-3.0pp 14.0% N/A 15.8%+16.6pp -0.8%-12.1pp 11.4% N/A
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 0.000.0 0.000.0 0.000.0 0.000.0 0.000.0 0.000.0 0.000.0 0.00
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Frequently Asked Questions

Yes, GraniteShares Gold Trust (BAR) reported a net income of $315.7M in fiscal year 2025.

GraniteShares Gold Trust (BAR) reported diluted earnings per share of $9.36 for fiscal year 2025. This represents a 132.3% 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 Trust (BAR) has a return on equity of 28.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

GraniteShares Gold Trust (BAR) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.

GraniteShares Gold Trust (BAR) had 34M shares outstanding as of fiscal year 2025.

GraniteShares Gold Trust (BAR) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

GraniteShares Gold Trust (BAR) had a return on assets of 28.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

GraniteShares Gold Trust (BAR) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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