Source SEC Filings (10-K/10-Q)Latest period Q2 FY2026, ended Jun 30, 2026ReportedCurrency USDFYE December
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 Shares (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).
Rhea AIGSOLFY2025
The reported profile resembles an investment vehicle: assets expanded while FY2025 results swung from income to a net loss.
Asset growth did not translate into stable reported earnings: total assets increased 56.3% from FY2024 to $160.4M in FY2025, while net income shifted from $32.3M to a net loss of $49.3M. That combination points to results driven more by portfolio valuation or investment activity than by a conventional sales-and-cost operating model.
The earnings path was highly variable: net income rose 115.4% from FY2023 to $32.3M in FY2024, then reversed to a FY2025 net loss of $49.3M. Because revenue, operating expenses, and gross profit are not reported, the statements cannot identify which underlying activity caused the reversal.
The reported balance sheet was almost entirely equity-funded: FY2025 liabilities were only $71K against $160.4M of assets. Meanwhile, operating cash flow was -$106.9M and financing cash flow was $106.9M, showing that the year's reported cash movement was offset by financing rather than generated by operations.
Financial Health Signals
Financial health score not available
Grayscale Solana Staking ETF Shares 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.
Piotroski F-ScorePartial
0/5
Grayscale Solana Staking ETF Shares 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).
Earnings QualityNo Cash Backing
N/A
Grayscale Solana Staking ETF Shares 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.
Grayscale Solana Staking ETF Shares reported a net loss of $11.6M in Q2 2026. This represents a decrease of 169.0% 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 Q2 2026.
EBITDA
Not reported for Q2 2026.
EPS (Diluted)
Not reported for Q2 2026.
Cash & Balance Sheet
Shares Outstanding
17M
QoQ+4.5%
Grayscale Solana Staking ETF Shares had 17M shares outstanding in Q2 2026. Against the prior quarter it is up 4.5%.
Free Cash Flow
Not reported for Q2 2026.
Cash & Debt
Not reported for Q2 2026.
Dividends Per Share
Not reported for Q2 2026.
Margins & Returns
Return on Equity
-11.5%
QoQ+40.6pp
Grayscale Solana Staking ETF Shares's quarterly ROE was -11.5% in Q2 2026: one quarter's net income over shareholder equity, not annualized. Against the prior quarter it is up 40.6 percentage points.
Gross Margin
Not reported for Q2 2026.
Operating Margin
Not reported for Q2 2026.
Net Margin
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).
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.
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.
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.
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: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.
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, 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.
Is Grayscale Solana Staking ETF Shares profitable?
No, Grayscale Solana Staking ETF Shares (GSOL) reported a net loss of $49.3M in fiscal year 2025.
What is Grayscale Solana Staking ETF Shares's return on equity (ROE)?
Grayscale Solana Staking ETF Shares (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 Shares's operating cash flow?
Grayscale Solana Staking ETF Shares (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 Shares's total assets?
Grayscale Solana Staking ETF Shares (GSOL) had $160.4M in total assets as of fiscal year 2025, including both current and long-term assets.
How many shares does Grayscale Solana Staking ETF Shares have outstanding?
Grayscale Solana Staking ETF Shares (GSOL) had 18M shares outstanding as of fiscal year 2025.
What is Grayscale Solana Staking ETF Shares's liabilities-to-equity ratio?
Grayscale Solana Staking ETF Shares (GSOL) 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.
What is Grayscale Solana Staking ETF Shares's return on assets (ROA)?
Grayscale Solana Staking ETF Shares (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 Shares's Piotroski F-Score?
Grayscale Solana Staking ETF Shares (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 Shares's earnings high quality?
Grayscale Solana Staking ETF Shares (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.
