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Grayscale Bittensor Tr Tao Financials

GTAO
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

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).

Rhea AI GTAO FY2025

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 $8.0M, the structure is simple and unleveraged; that avoids creditor pressure, but it also means book capital shrinks almost one-for-one when losses occur.

Some figures from recent filings were inconsistent and were omitted from this summary.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 17 / 100
Financial Profile 17/100

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.

Leverage
100

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.

Returns
0

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

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
-$6.0M

Grayscale Bittensor Tr Tao reported -$6.0M in net income in fiscal year 2025.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
N/A
Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
-75.7%

Grayscale Bittensor Tr Tao's ROE was -75.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

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

No, Grayscale Bittensor Tr Tao (GTAO) reported a net income of -$6.0M in fiscal year 2025.

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.

Grayscale Bittensor Tr Tao (GTAO) had $8.0M in total assets as of fiscal year 2025, including both current and long-term assets.

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.

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.

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.

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