EPS (Diluted)Not reportedfor the trailing 12 months
Operating Cash Flow$0n/m YoY
Source SEC Filings (10-K/10-Q)Latest period Q3 FY2026, ended Sep 30, 2026ReportedCurrency USDFYE December
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 6, 2026.
Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IAU SEC filings page.
This page shows iShares Gold Trust (IAU) financial statements, including the
income statement, balance sheet, cash flow statement, and key financial ratios.
View 15 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 AIIAUFY2025
Reported earnings are dominated by asset-value movements, not by an operating business generating sales and cash flow.
From FY2023 through FY2025, net income rose from $3.3B to $24.3B, while operating income remained negative and reached a $124M loss. That combination means reported earnings do not measure operating profitability here; they are better understood as changes associated with the trust’s underlying holdings.
The trust reported net income of $6.6B in FY2024 and $24.3B in FY2025, yet operating income shifted from a $73M loss to a $124M loss. Earnings growth therefore does not reflect improving operating economics.
Reported operating cash flow was $0 in each year from FY2021 through FY2025, so the statements provide no evidence of conventional cash conversion from the reported earnings. The available figures are consequently more informative about investment-value accounting than business operations.
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
Financial health score not available
We do not publish a peer-relative financial health score for iShares Gold Trust, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Earnings QualityLow Quality
0.00x
For every $1 of reported earnings, iShares Gold Trust generates $0.00 in operating cash flow ($0 OCF vs $24.3B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
iShares Gold Trust reported $2.1B in net income in Q3 2026. This represents a decrease of 73.1% 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 Q3 2026.
EBITDA
Not reported for Q3 2026.
EPS (Diluted)
Not reported for Q3 2026.
Cash & Balance Sheet
Shares Outstanding
790M
YoY-4.2%
QoQ+0.1%
5Y CAGR-1.1%
iShares Gold Trust had 790M shares outstanding in Q3 2026. This represents a decrease of 4.2% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.
Free Cash Flow
Not reported for Q3 2026.
Cash & Debt
Not reported for Q3 2026.
Dividends Per Share
Not reported for Q3 2026.
Margins & Returns
None of these metrics is reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 2026.
IAU 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: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, EBITDA, Interest Expense, Income Tax, 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, EBITDA, Interest Expense, Income Tax, EPS (Diluted), Diluted Shares (Avg).
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
IAU 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: Total Assets, Current Assets, Cash & Equivalents, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Total Liabilities, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Total Equity, Retained Earnings.
IAU 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, Financing Cash Flow, Dividends Paid, Share Buybacks.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
IAU 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, Current Ratio, Debt-to-Equity, FCF Margin.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Current Ratio, Debt-to-Equity, Liabilities-to-Equity, Asset Turnover, FCF Margin.
Yes, iShares Gold Trust (IAU) reported a net income of $5.5B over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $24.3B.
iShares Gold Trust (IAU) generated $0 in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
iShares Gold Trust (IAU) had 850M shares outstanding as of fiscal year 2025.
iShares Gold Trust (IAU) has an earnings quality ratio of 0.00x, considered low quality (accrual-driven). 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.
