VanEck Merk Gold ETF (OUNZ) Financials
Newest figures come from the 10-Q for Q2 FY2027, filed Sep 8, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the OUNZ SEC filings page.
This page shows VanEck Merk Gold ETF (OUNZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).
Asset accumulation, near-zero liabilities, and rising share count reveal a vehicle scaled primarily through equity-backed expansion.
Between FY2024 and FY2026, total assets rose from$786.1M to$2.9B while shares outstanding increased from 39.9M to 63.2M, linking balance-sheet growth more closely to additional ownership units than to borrowing. Over the same period, net income climbed from$37.9M to$1.1B , lifting return on assets from4.8% to37.6% ; that combination indicates that reported profitability is highly sensitive to the value of the asset base, not readily assessable operating sales.
The trust's balance sheet is exceptionally lightly financed with liabilities: FY2026 total liabilities were only
The reported data exclude revenue, operating cash flow, and free cash flow, preventing a conventional test of sales growth, cash conversion, or reinvestment needs. Instead, retained earnings expanded to
Financial Health Signals
VanEck Merk Gold ETF 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
Earnings & Revenue
VanEck Merk Gold ETF reported -$352.4M in net income in Q2 2027. This represents a decrease of 7220.9% from the same quarter a year earlier. Against the prior quarter it is down 152.9%.
Not reported for Q2 2027.
Not reported for Q2 2027.
Not reported for Q2 2027.
Cash & Balance Sheet
Not reported for Q2 2027.
Not reported for Q2 2027.
Not reported for Q2 2027.
Margins & Returns
VanEck Merk Gold ETF's ROE was -13.9% in Q2 2027, measuring profit generated per dollar of shareholder equity. This is down 13.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.0 percentage points.
Not reported for Q2 2027.
Not reported for Q2 2027.
Not reported for Q2 2027.
Capital Allocation
None of these metrics is reported for Q2 2027.
OUNZ 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).
OUNZ 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.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.5B+43.9% | $2.8B+70.0% | $2.9B+118.6% | $2.3B+80.9% | $1.8B+73.2% | $1.7B+83.8% | $1.3B+69.0% | $1.3B+69.9% |
| Total Liabilities | $35-100.0% | $14-33.3% | $108K-99.2% | $489K-97.5% | $375K+2082500.0% | $21+10.5% | $13.8M+132.9% | $19.9M+110462000.0% |
| Total Equity | $2.5B+43.9% | $2.8B+70.0% | $2.9B+120.8% | $2.3B+83.8% | $1.8B+73.2% | $1.7B+83.8% | $1.3B+68.5% | $1.2B+67.2% |
| Retained Earnings | $1.0B+55.0% | $1.4B+106.1% | $1.5B+250.5% | $1.1B+156.5% | $669.4M+135.4% | $674.2M+205.7% | $436.2M+254.4% | $412.2M+493.8% |
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.
OUNZ 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.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -13.9%-13.6pp | -4.9%-19.3pp | N/A | 17.0%+6.7pp | -0.3%-6.5pp | 14.3%+3.5pp | N/A | 10.3%+9.7pp |
| Return on Assets | -13.9%-13.6pp | -4.9%-19.3pp | N/A | 17.0%+6.9pp | -0.3%-6.5pp | 14.3%+3.5pp | N/A | 10.1%+9.5pp |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.010.0x | 0.020.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.
Where VanEck Merk Gold ETF Ranks
Frequently Asked Questions
Is VanEck Merk Gold ETF profitable?
Yes, VanEck Merk Gold ETF (OUNZ) reported a net income of $1.1B in fiscal year 2026.
What is VanEck Merk Gold ETF's return on equity (ROE)?
VanEck Merk Gold ETF (OUNZ) has a return on equity of 37.6% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What are VanEck Merk Gold ETF's total assets?
VanEck Merk Gold ETF (OUNZ) had $2.9B in total assets as of fiscal year 2026, including both current and long-term assets.
What is VanEck Merk Gold ETF's debt-to-equity ratio?
VanEck Merk Gold ETF (OUNZ) had a debt-to-equity ratio of 0.00 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is VanEck Merk Gold ETF's return on assets (ROA)?
VanEck Merk Gold ETF (OUNZ) had a return on assets of 37.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.