This page shows Grayscale Bittensor Tr Tao (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).
Unlevered balance sheet means FY2025's losses passed almost directly into equity erosion instead of debt pressure.
Because liabilities were$0 , return on assets and return on equity both landed at-75.7% : a-$6.0M loss against only$8.0M of assets shows FY2025 was dominated by value decline or expenses, not by financing costs.
With assets and equity both near
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Grayscale Bittensor Tr Tao's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Grayscale Bittensor Tr Tao carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Grayscale Bittensor Tr Tao generates a -75.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.
Key Financial Metrics
Earnings & Revenue
Grayscale Bittensor Tr Tao reported -$6.0M in net income in fiscal year 2025.
Cash & Balance Sheet
Margins & Returns
Grayscale Bittensor Tr Tao's ROE was -75.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
GTAO Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Revenue | 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 |
| Gross Profit | 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 |
| SG&A Expenses | 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 |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $3.1M+189.8% | -$3.4M-122.6% | -$1.5M-147.2% | $3.2M+174.6% | -$4.3M-250.1% | -$1.2M-167.0% | $1.9M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GTAO Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Total Assets | $11.7M+47.3% | $8.0M | N/A | N/A | N/A | $4.4M | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventory | 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 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $0 | $0 | N/A | N/A | N/A | $9K | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $11.7M+47.3% | $8.0M | N/A | N/A | N/A | $4.4M | N/A |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GTAO Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 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 |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | 26.0%+68.7pp | -42.7% | N/A | N/A | N/A | -28.2% | N/A |
| Return on Assets | 26.0%+68.7pp | -42.7% | N/A | N/A | N/A | -28.2% | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.000.0 | 0.00 | N/A | N/A | N/A | 0.00 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is Grayscale Bittensor Tr Tao profitable?
No, Grayscale Bittensor Tr Tao (GTAO) reported a net income of -$6.0M in fiscal year 2025.
What is Grayscale Bittensor Tr Tao's return on equity (ROE)?
Grayscale Bittensor Tr Tao (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 Tr Tao's total assets?
Grayscale Bittensor Tr Tao (GTAO) had $8.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Grayscale Bittensor Tr Tao's debt-to-equity ratio?
Grayscale Bittensor Tr Tao (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.
What is Grayscale Bittensor Tr Tao's return on assets (ROA)?
Grayscale Bittensor Tr Tao (GTAO) had a return on assets of -75.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How financially healthy is Grayscale Bittensor Tr Tao?
Grayscale Bittensor Tr Tao (GTAO) scores 17 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.