Grayscale Solana Staking ETF (GSOL) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GSOL SEC filings page.
This page shows Grayscale Solana Staking ETF (GSOL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
The business shifted from reported profitability to large operating cash outflows while remaining almost entirely equity-financed.
Between FY2024 and FY2025, net income moved from$32.3M to-$49.3M , while return on assets swung from31.5% to-30.8% . That combination indicates a broad deterioration in the period’s reported earnings relative to the asset base, rather than a small change in profitability.
FY2025 operating cash flow was
Liabilities were only
Financial Health Signals
Grayscale Solana Staking ETF does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Grayscale Solana Staking ETF passes 0 of 5 computable financial strength tests (4 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
Grayscale Solana Staking ETF reported a net loss of $49.3M while operations used $106.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Grayscale Solana Staking ETF reported -$11.6M in net income in Q2 2026. This represents a decrease of 169.0% from the same quarter a year earlier. Against the prior quarter it is up 78.8%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Grayscale Solana Staking ETF's ROE was -11.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is up 40.6 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
GSOL 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 (Basic), EPS (Diluted), Diluted Shares (Avg).
GSOL 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $101.2M | $105.1M | $160.4M+56.3% | $109.7M | N/A | N/A | $102.6M | N/A |
| Cash & Equivalents | N/A | N/A | $0 | N/A | N/A | N/A | $0 | N/A |
| Short-Term Investments | N/A | N/A | $0 | N/A | N/A | N/A | $0 | N/A |
| Long-Term Investments | N/A | N/A | $0 | N/A | N/A | N/A | $0 | N/A |
| Total Liabilities | $1K | $7K | $71K | $0 | N/A | N/A | $0 | N/A |
| Total Equity | $101.2M | $105.1M | $160.4M+56.2% | $109.7M | N/A | N/A | $102.6M | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.
GSOL 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: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
GSOL 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, Asset Turnover, FCF Margin.
Where Grayscale Solana Staking ETF Ranks
Frequently Asked Questions
Is Grayscale Solana Staking ETF profitable?
No, Grayscale Solana Staking ETF (GSOL) reported a net income of -$49.3M in fiscal year 2025.
What is Grayscale Solana Staking ETF's return on equity (ROE)?
Grayscale Solana Staking ETF (GSOL) has a return on equity of -30.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Grayscale Solana Staking ETF's operating cash flow?
Grayscale Solana Staking ETF (GSOL) recorded an outflow of $106.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Grayscale Solana Staking ETF's total assets?
Grayscale Solana Staking ETF (GSOL) had $160.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Grayscale Solana Staking ETF's debt-to-equity ratio?
Grayscale Solana Staking ETF (GSOL) 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.
What is Grayscale Solana Staking ETF's return on assets (ROA)?
Grayscale Solana Staking ETF (GSOL) had a return on assets of -30.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Grayscale Solana Staking ETF's Piotroski F-Score?
Grayscale Solana Staking ETF (GSOL) has a Piotroski F-Score of 0 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.
Are Grayscale Solana Staking ETF's earnings high quality?
Grayscale Solana Staking ETF (GSOL) reported a net loss of $49.3M while operations used $106.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.