Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Goldman Sachs Physical Gold ETF files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating expenses
0.24
0.66
0.69
0.97
1.04
1.36
2.94
Net income
22.4
57.8
-17.8
-10.9
56.4
162
783
EPS, basic
2.37
2.85
-0.83
-0.37
1.89
5.11
16.58
EPS, diluted
2.37
2.85
-0.83
-0.37
1.89
5.11
16.58
Shares, basic (weighted)
9.45
20.3
21.5
29.8
29.8
31.7
47.2
Shares, diluted (weighted)
9.45
20.3
21.5
29.8
29.8
31.7
47.2
Balance sheet
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0
0
0
0
0
0
Total assets
176
511
424
437
641
898
2,543
Accounts payable
0.07
0.09
0.14
0.38
Total liabilities
0.03
0.05
0.06
0.07
7.24
8.53
0.38
Shares outstanding
11.6
27.1
23.5
24.3
31
34.5
59.8
Cash flow statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
22.4
57.8
-17.8
-10.9
56.4
162
783
Cash from operations
0
0
0
0
0
Net change in cash
0
0
0
0
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $40.65 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
14.0%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
383.4%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y
68.4%
Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y
224.5%
EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y
42.2%
Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
183.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
79.9%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
37.9%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
48.8%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
16.6%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
18.5%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Liabilities / assets
0.0%
Total liabilities / total assets.
Per share
Metric
Value
How it is calculated
EPS, diluted
$5.47
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Market cap + total debt - cash - short-term investments.
P/E
7.38x
Market cap / net income. Only when net income is positive.
Earnings yield
13.6%
Net income / market cap (the inverse of P/E).
Was Goldman Sachs Physical Gold ETF profitable in fiscal 2025?
Yes. Net income was $783.4M, a net margin of -.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.