This page shows GraniteShares Platinum Trust (PLTM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
This trust's reported returns are driven by the asset base itself, with minimal leverage leaving little financial engineering in results.
FY2025 ROA of22.7% sat almost on top of ROE at23.6% . With only$3.3M of liabilities against$85.2M of equity, leverage contributed very little, so the stronger returns came mainly from what happened to the asset base itself rather than from borrowing structure.
Shares outstanding fell to 700K from 4.4M, sharply increasing how much of each year's profit belonged to each share. That helped turn net income of
Reported profit has been unusually swingy, moving from a trough loss of
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 GraniteShares Platinum Trust'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.
GraniteShares Platinum Trust carries a low D/E ratio of 0.04, meaning only $0.04 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.
GraniteShares Platinum Trust's ROE of 23.6% shows moderate profitability relative to equity, earning a score of 46/100. This is up from 11.1% the prior year.
Key Financial Metrics
Earnings & Revenue
GraniteShares Platinum Trust reported $20.1M in net income in fiscal year 2025. This represents an increase of 321.2% from the prior year.
GraniteShares Platinum Trust earned $3.97 per diluted share (EPS) in fiscal year 2025. This represents an increase of 245.2% from the prior year.
Cash & Balance Sheet
GraniteShares Platinum Trust had 700,000 shares outstanding in fiscal year 2025. This represents a decrease of 84.1% from the prior year.
Margins & Returns
GraniteShares Platinum Trust's ROE was 23.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 12.5 percentage points from the prior year.
Capital Allocation
PLTM Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | 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 | N/A |
| Gross Profit | N/A | 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 | N/A |
| SG&A Expenses | N/A | 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 | N/A |
| Interest Expense | N/A | 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 | N/A |
| Net Income | -$25.7M-165.6% | $39.2M+148.3% | $15.8M | N/A | $4.0M+218.3% | -$3.4M-181.2% | -$1.2M | N/A |
| EPS (Diluted) | $-1.90-146.1% | $4.12+82.3% | $2.26 | N/A | $0.75+205.6% | $-0.71-163.0% | $-0.27 | N/A |
PLTM Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $220.9M-5.6% | $233.9M+75.7% | $133.1M+50.4% | $88.5M+75.9% | $50.3M+9.6% | $45.9M+9.5% | $41.9M-2.8% | $43.1M |
| Current Assets | N/A | 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 | N/A |
| Inventory | N/A | 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 | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $116K+50.6% | $77K-98.0% | $3.8M+16.5% | $3.3M+15523.8% | $21K+10.5% | $19K+11.8% | $17K0.0% | $17K |
| Current Liabilities | N/A | 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 | N/A |
| Total Equity | $220.7M-5.6% | $233.8M+80.9% | $129.3M+51.7% | $85.2M+69.4% | $50.3M+9.6% | $45.9M+9.5% | $41.9M-2.8% | $43.1M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PLTM Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 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 | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -11.6%-28.4pp | 16.8%+4.6pp | 12.2% | N/A | 8.0%+15.3pp | -7.4%-4.5pp | -2.9% | N/A |
| Return on Assets | -11.6%-28.4pp | 16.8%+4.9pp | 11.8% | N/A | 8.0%+15.3pp | -7.4%-4.5pp | -2.9% | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.000.0 | 0.00-0.0 | 0.030.0 | 0.04+0.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |