Goldman Sachs Financials
This page shows Goldman Sachs (GSBD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Financial Health Signals
Goldman Sachs passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Goldman Sachs generates $0.04 in operating cash flow ($2.5M OCF vs $62.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Goldman Sachs reported $62.9M in net income in fiscal year 2024. This represents a decrease of 67.9% from the prior year.
Goldman Sachs earned $0.55 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 69.6% from the prior year.
Goldman Sachs held $61.8M in cash against $1.9B in long-term debt as of fiscal year 2024.
Goldman Sachs had 117M shares outstanding in fiscal year 2024. This represents an increase of 7.1% from the prior year.
Goldman Sachs's ROE was 4.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 8.2 percentage points from the prior year.
GSBD Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | $907K+0.1% | $906K-31.5% | $1.3M | N/A | $1.5M+19.9% | $1.2M+15.5% | $1.1M | N/A |
| Net Income | $24.7M-37.1% | $39.3M+24.5% | $31.6M | N/A | $37.1M+168.4% | -$54.2M-227.7% | $42.5M | N/A |
| EPS (Diluted) | $0.22-35.3% | $0.34+25.9% | $0.27 | N/A | $0.32+168.1% | $-0.47-220.5% | $0.39 | N/A |
GSBD Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.4B-0.7% | $3.4B-2.7% | $3.5B-2.8% | $3.6B+1.6% | $3.5B-2.3% | $3.6B+2.3% | $3.5B+0.7% | $3.5B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $115.2M+6.6% | $108.0M+30.5% | $82.8M+33.9% | $61.8M+16.7% | $53.0M-14.0% | $61.6M+17.8% | $52.3M-0.1% | $52.4M |
| 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 | $1.9B+1.8% | $1.9B-3.0% | $2.0B-3.7% | $2.0B+3.6% | $2.0B-3.6% | $2.0B+6.2% | $1.9B-0.3% | $1.9B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $1.8B+2.4% | $1.8B-3.8% | $1.9B-3.0% | $1.9B+2.6% | $1.9B-3.4% | $1.9B+6.2% | $1.8B+0.2% | $1.8B |
| Total Equity | $1.5B-3.9% | $1.5B-2.2% | $1.5B-1.6% | $1.6B-0.8% | $1.6B-0.6% | $1.6B-2.2% | $1.6B+1.9% | $1.6B |
| Retained Earnings | -$454.3M-8.0% | -$420.9M-5.6% | -$398.4M-6.6% | -$373.7M-5.3% | -$355.0M-4.6% | -$339.3M-45.9% | -$232.6M-3.6% | -$224.6M |
GSBD Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $47.2M-72.9% | $174.5M+30.3% | $133.9M+920.1% | $13.1M-87.4% | $104.1M+185.5% | -$121.8M-1830.2% | $7.0M-91.5% | $82.8M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | -$40.1M+73.2% | -$149.2M-32.0% | -$113.0M-2631.9% | -$4.1M+96.3% | -$112.8M-186.0% | $131.0M+1969.7% | -$7.0M+93.5% | -$107.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $26.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GSBD Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | 1.7%-0.9pp | 2.6%+0.6pp | 2.0% | N/A | 2.3% | N/A | 2.6% | N/A |
| Return on Assets | 0.7%-0.4pp | 1.1%+0.3pp | 0.9% | N/A | 1.1%+2.5pp | -1.5%-2.7pp | 1.2% | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.27+0.1 | 1.19-0.0 | 1.21-0.0 | 1.22+0.0 | 1.18-0.0 | 1.22+0.1 | 1.12-0.0 | 1.14 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is Goldman Sachs profitable?
Yes, Goldman Sachs (GSBD) reported a net income of $62.9M in fiscal year 2024.
What is Goldman Sachs's earnings per share (EPS)?
Goldman Sachs (GSBD) reported diluted earnings per share of $0.55 for fiscal year 2024. This represents a -69.6% 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.
How much debt does Goldman Sachs have?
As of fiscal year 2024, Goldman Sachs (GSBD) had $61.8M in cash and equivalents against $1.9B in long-term debt.
What is Goldman Sachs's return on equity (ROE)?
Goldman Sachs (GSBD) has a return on equity of 4.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Goldman Sachs's operating cash flow?
Goldman Sachs (GSBD) generated $2.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Goldman Sachs's total assets?
Goldman Sachs (GSBD) had $3.6B in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Goldman Sachs have outstanding?
Goldman Sachs (GSBD) had 117M shares outstanding as of fiscal year 2024.
What is Goldman Sachs's debt-to-equity ratio?
Goldman Sachs (GSBD) had a debt-to-equity ratio of 1.22 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Goldman Sachs's return on assets (ROA)?
Goldman Sachs (GSBD) had a return on assets of 1.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Goldman Sachs's Piotroski F-Score?
Goldman Sachs (GSBD) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Goldman Sachs's earnings high quality?
Goldman Sachs (GSBD) has an earnings quality ratio of 0.04x, 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.