Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Grayscale Solana Staking 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
FY2023
FY2025
FY2025
Operating expenses
0.1
1.76
2.1
Net income
15
32.3
-49.3
Balance sheet
FY2023
FY2025
FY2025
Cash and equivalents
0
0
Total assets
103
160
Total liabilities
0
0.07
Shares outstanding
3.17
7.16
17.6
Cash flow statement
FY2023
FY2025
FY2025
Net income
15
32.3
-49.3
Cash from operations
-107
Stock issued
107
Cash from financing
107
Net change in cash
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 $9.26 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-94.1%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
-252.7%
Net income vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
56.3%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Liabilities / assets
0.0%
Total liabilities / total assets.
Valuation
Metric
Value
How it is calculated
Market cap
$160.3M
Share price x shares outstanding.
Enterprise value
$160.3M
Market cap + total debt - cash - short-term investments.
Earnings yield
-59.3%
Net income / market cap (the inverse of P/E).
Was Grayscale Solana Staking ETF profitable in fiscal 2025?
No. It reported a net loss of $49.3M.
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.