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GRAYSCALE BITTENSOR TRUST (GTAO) Financials

GTAO
Trailing 12 months to June 30, 2026
Revenue Not reported for the trailing 12 months
Net Income -$6.6M -1229.8% YoY
EPS (Diluted) Not reported for the trailing 12 months
Free Cash Flow Not reported for the trailing 12 months
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 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 GTAO SEC filings page.

This page shows GRAYSCALE BITTENSOR TRUST (GTAO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GTAO FY2025

FY2025 reports a trust funded entirely by equity, with a net loss substantial relative to its reported assets.

The combination of a $6.0M net loss, $8.0M of assets, and $0 liabilities points to a balance sheet whose reported value is not supported by borrowing; the loss is therefore reducing an equity-only capital base rather than adding debt pressure. Because revenue and operating cash flow are not reported, the figures cannot establish whether the loss reflects recurring operating costs, asset valuation changes, or cash spending.

At FY2025 year-end, total assets were $8.0M and total liabilities were $0, exactly matching total equity; that makes the reported capital structure unusually simple and leaves no recorded creditor claims. Asset and equity totals alone, however, do not reveal whether the trust’s holdings produced income during the year.

The $6.0M net loss is not paired with revenue, operating cash flow, or free cash flow in the supplied annual data, so the statement supports a description of reported capital and earnings—not an assessment of cash generation or operating efficiency.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

GRAYSCALE BITTENSOR TRUST does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.

Key Financial Metrics

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Earnings & Revenue

Net Income
-$4.7M
YoY-244.4%
QoQ-253.1%

GRAYSCALE BITTENSOR TRUST reported -$4.7M in net income in Q2 2026. This represents a decrease of 244.4% from the same quarter a year earlier. Against the prior quarter it is down 253.1%.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Shares Outstanding
2M
QoQ+13.1%

GRAYSCALE BITTENSOR TRUST had 2M shares outstanding in Q2 2026. Against the prior quarter it is up 13.1%.

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
-49.9%
QoQ-75.9pp

GRAYSCALE BITTENSOR TRUST's ROE was -49.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is down 75.9 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.

GTAO 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.

GTAO quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-KQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-K
Net Income-$4.7M-244.4%$3.1M+170.4%-$3.4M-174.3%-$1.5M-182.6%$3.2M-$4.3M-$1.2M$1.9M

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).

GTAO 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.

GTAO quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-KQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-K
Total Assets$9.4M$11.7M$8.0M+81.0%N/AN/AN/A$4.4MN/A
Total Liabilities$0$0$0-100.0%N/AN/AN/A$9KN/A
Total Equity$9.4M$11.7M$8.0M+81.4%N/AN/AN/A$4.4MN/A

Not reported in any period shown, so not listed: Current Assets, Cash & Equivalents, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.

GTAO 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.

GTAO quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-KQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-K
Return on Equity-49.9%26.0%-42.7%-14.5ppN/AN/AN/A-28.2%N/A
Return on Assets-49.9%26.0%-42.7%-14.5ppN/AN/AN/A-28.2%N/A
Debt-to-Equity0.000.000.000.0xN/AN/AN/A0.00N/A

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.

Frequently Asked Questions

Is GRAYSCALE BITTENSOR TRUST profitable?

No, GRAYSCALE BITTENSOR TRUST (GTAO) reported a net income of -$6.0M in fiscal year 2025.

What is GRAYSCALE BITTENSOR TRUST's return on equity (ROE)?

GRAYSCALE BITTENSOR TRUST (GTAO) has a return on equity of -75.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What are GRAYSCALE BITTENSOR TRUST's total assets?

GRAYSCALE BITTENSOR TRUST (GTAO) had $8.0M in total assets as of fiscal year 2025, including both current and long-term assets.

GRAYSCALE BITTENSOR TRUST (GTAO) had 2M shares outstanding as of fiscal year 2025.

GRAYSCALE BITTENSOR TRUST (GTAO) 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.

GRAYSCALE BITTENSOR TRUST (GTAO) had a return on assets of -75.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

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