EPS (Diluted)Not reportedfor the trailing 12 months
Operating Cash Flow$0n/m YoY
Source SEC Filings (10-K/10-Q)Latest period Q3 FY2026, ended Jun 30, 2026ReportedCurrency USDFYE September
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 4, 2026.
Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GLD SEC filings page.
This page shows SPDR Gold Trust, SPDR Gold Shares (GLD) financial statements, including the
income statement, balance sheet, cash flow statement, and key financial ratios.
View 15 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 AIGLDFY2025
SPDR Gold Shares behaves like an asset pool: reported gains and asset growth dominate, while liabilities remain immaterial.
From FY2024 to FY2025, total assets expanded 69.0% and net income expanded 74.6%; that close alignment suggests reported performance is tied mainly to changes in the asset pool, not operating leverage. For an investment vehicle, the key economic signal is scale and portfolio-value movement rather than sales productivity.
FY2025 combined $124.6B of assets with only $38.3M of liabilities, so the structure is overwhelmingly equity-backed rather than debt-financed. The supplied liabilities-to-equity ratio of 0.0003 reinforces that this is an asset-backed vehicle, not a conventional operating balance sheet.
Operating cash flow was $0 in every year from FY2023 through FY2025 despite reported net income, so the earnings line is not functioning like operating profit converted into cash. That mismatch is consistent with an investment vehicle whose reported results can reflect changes in the value of holdings rather than sales and operating costs.
Financial Health Signals
Financial health score not available
We do not publish a peer-relative financial health score for SPDR Gold Trust, SPDR Gold Shares, because the score only covers companies whose filings and listing give us what it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
SPDR Gold Trust, SPDR Gold 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, SPDR Gold Trust, SPDR Gold Shares generates $0.00 in operating cash flow ($0 OCF vs $35.6B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
SPDR Gold Trust, SPDR Gold Shares reported a net loss of $19.4B in Q3 2026. This represents a decrease of 483.3% from the same quarter a year earlier. Against the prior quarter it is down 289.5%.
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
5Y CAGRn/m
10Y CAGRn/m
SPDR Gold Trust, SPDR Gold Shares held $0 in cash as of Q3 2026; no long-term debt figure is on record for that period.
Shares Outstanding
352M
YoY+5.6%
QoQ-2.8%
5Y CAGR0.0%
10Y CAGR+0.9%
SPDR Gold Trust, SPDR Gold Shares had 352M shares outstanding in Q3 2026. This represents an increase of 5.6% from the same quarter a year earlier. Against the prior quarter it is down 2.8%.
Free Cash Flow
Not reported for Q3 2026.
Dividends Per Share
Not reported for Q3 2026.
Margins & Returns
Return on Equity
-14.9%
YoY-19.9pp
QoQ-21.5pp
5Y change-18.7pp
10Y change-20.7pp
SPDR Gold Trust, SPDR Gold Shares's quarterly ROE was -14.9% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 19.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 21.5 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.
GLD 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, R&D Expenses, SG&A Expenses, 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.
GLD 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.
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.
GLD 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.
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.
GLD 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, SPDR Gold Trust, SPDR Gold Shares (GLD) reported a net income of $23.2B over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $35.6B.
SPDR Gold Trust, SPDR Gold Shares (GLD) has a return on equity of 28.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
SPDR Gold Trust, SPDR Gold Shares (GLD) generated $0 in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
SPDR Gold Trust, SPDR Gold Shares (GLD) had $124.6B in total assets as of fiscal year 2025, including both current and long-term assets.
SPDR Gold Trust, SPDR Gold Shares (GLD) had 364M shares outstanding as of fiscal year 2025.
SPDR Gold Trust, SPDR Gold Shares (GLD) 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.
SPDR Gold Trust, SPDR Gold Shares (GLD) had a return on assets of 28.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
SPDR Gold Trust, SPDR Gold Shares (GLD) 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.
SPDR Gold Trust, SPDR Gold Shares (GLD) 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.
