Goldman Sachs Physical Gold ETF Financial Summary

Complete Filing Data

Goldman Sachs Physical Gold ETF reported Net Asset Value Per Share of 43 shares for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Goldman Sachs Physical Gold ETF did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating Expenses$2.9M$1.4M$1.0M$965.4K$691.8K$657.5K$240.9K
Net Income Loss$783.4M$162.1M$56.4M-$10.9M-$17.8M$57.8M$22.4M
Cost Of Trust Assets Sold To Pay Expenses

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020Q1 2020Q3 2019Q2 2019Q1 2019Q3 2018
Operating Expenses$758.5K$656.8K$470.6K$352.0K$312.7K$274.0K$268.2K$286.2K$218.8K$225.2K$280.8K$274.1K$172.8K$158.8K$171.8K$212.8K$131.1K$88.7K$68.6K$50.8K$45.3K$6.0K
Net Income Loss$264.7M$70.1M$187.9M$94.5M$32.8M$42.7M-$12.0M-$24.6M$36.8M-$41.6M-$43.6M$41.6M-$5.1M$12.2M-$42.6M$22.8M$25.1M$9.4M$7.0M$10.1M$986.4K-$470.7K
Cost Of Trust Assets Sold To Pay Expenses$378.00-$999.00

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Assets Net$2.54B$889.6M$633.3M$436.9M$424.2M$510.8M$176.2M$89.0M
Gain Loss On Sale Of Trust Assets To Pay Expenses-$54.8K-$5.0K-$35.5K-$87.8K-$64.1K-$28.3K-$1.9K
Gain Loss On Investments$22.0M$14.3M$5.4M$18.4M$47.4M$5.9M-$1.9K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$0.00$0.00$0.00$0.00$0.00$0.00
Liabilities$380.9K$8.5M$7.2M$65.7K$63.7K$45.2K$26.4K$12.7K
Assets$2.54B$898.1M$640.6M$437.0M$424.3M$510.8M$176.3M$89.0M
Common Stock No Par Value$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Unrealized Gain Loss On Investments$764.3M$149.1M-$52.0M-$28.3M$64.5M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect$0.00$0.00$0.00$0.00$0.00
Adjustment To Cashflow From Operating Activities Sale Maturity And Collection Of Investments$2.7M$1.3M$1.0M$963.3K-$673.3K
Accounts Payable Related Parties Current$63.7K$45.2K$26.4K$12.7K
Accounts Payable Current$380.9K$139.5K$95.0K$65.7K
Common Stock Value$27.1M$11.6M
Investment Owned Percent Of Net Assets$1.00
Payable For Gold Purchased$0.00$8.4M$0.00
Change In Unrealized Appreciation Depreciation On Investments In Goldold
Receivable From Trust Shares0.00
Receivable For Gold Sold$7.1M
Payable For Trust Shares Purchased7.1M
Net Assets
Receivables Net Current
Receivable For Trust Shares Sold0.008.4M
Gold Payable
Non Investment Assets Less Non Investment Liabilities Percent Of Net Assets
Non Investment Assets Less Non Investment Liabilities
Net Assets Percentage Of Net Assets
Gold Receivable

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020Q1 2020Q4 2019Q3 2019Q2 2019Q1 2019Q3 2018Q2 2018
Assets Net$1.97B$1.54B$1.29B$882.2M$722.0M$634.7M$523.9M$629.1M$511.4M$400.2M$597.2M$667.6M$397.7M$364.8M$321.9M$487.3M$365.2M$222.2M$164.5M$132.9M$107.4M$51.0M$1.2M
Gain Loss On Sale Of Trust Assets To Pay Expenses-$7.9K-$18.4K-$6.8K-$2.8K$1.4K-$1.1K-$11.8K-$4.3K-$10.9K-$29.4K-$13.3K-$22.0K-$2.4K-$19.0K-$17.1K-$786.00-$1.3K-$378.00-$108.00-$60.00$999.00-$13.00
Gain Loss On Investments-$7.9K$22.1M-$6.8K$2.7M$1.4K$4.0M$3.0M$940.3K-$135.9K-$4.4M$15.6M$8.6M-$2.4K-$19.0K$47.4M-$1.0M-$1.3K$918.9K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Liabilities$271.6K$223.4K$183.3K$11.4M$105.6K$94.1K$81.2K$96.6K$72.4K$63.5K$86.5K$68.4M$57.3K$54.9K$50.1K$73.0K$50.2K$32.2K$24.1K$18.6K$16.1K$5.4K
Assets$1.97B$1.54B$1.29B$893.6M$722.1M$634.8M$524.0M$629.2M$511.5M$400.3M$597.3M$736.1M$397.8M$364.9M$321.9M$487.4M$365.3M$222.2M$164.6M$133.0M$107.4M$51.0M
Common Stock No Par Value$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Unrealized Gain Loss On Investments$265.5M$48.7M$188.3M$92.2M$33.1M$39.0M-$14.7M-$25.2M$37.2M-$37.0M-$58.9M-$33.2M$24.0M$25.2M$7.0M$10.1M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Adjustment To Cashflow From Operating Activities Sale Maturity And Collection Of Investments$710.4K$616.7K$426.8K$334.7K$301.2K$274.9K$283.6K$262.0K$212.2K$248.2K$305.6K-$226.4K
Accounts Payable Related Parties Current$72.4K$65.7K$63.5K$86.5K$111.4K$57.3K$54.9K$50.1K$73.0K$50.2K$32.2K$24.1K$18.6K$16.1K$5.4K
Accounts Payable Current$271.6K$223.4K$183.3K$122.9K$105.6K$94.1K$81.2K$96.6K
Common Stock Value$33.1M$34.6M$23.5M$23.0M$20.8M$19.1M$25.9M$20.7M
Investment Owned Percent Of Net Assets$0.97$1.00$1.00$1.00$1.00$1.00
Payable For Gold Purchased$11.3M$0.00$0.00$7.1M
Change In Unrealized Appreciation Depreciation On Investments In Goldold$24.0M$25.2M$8.5M$7.0M$10.1M$1.0M
Receivable From Trust Shares11.3M0.000.007.1M
Receivable For Gold Sold$0.00$0.00$0.00$8.4M
Payable For Trust Shares Purchased0.000.000.008.4M
Net Assets$132.9K$132.9K$107.4M$132.9K
Receivables Net Current$13.7M$6.4M
Receivable For Trust Shares Sold
Gold Payable$68.3M$0.00
Non Investment Assets Less Non Investment Liabilities Percent Of Net Assets$0.00
Non Investment Assets Less Non Investment Liabilities-$5.4K
Net Assets Percentage Of Net Assets100.0%
Gold Receivable$4.4M

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Proceeds From Sale Of Trust Assets To Pay Expenses1$2.7M$1.3M$1.0M$963.3K$673.3K
Net Cash Provided By Used In Operating Activities$0.00$0.00$0.00$0.00$0.00
Increase Decrease In Sponsor Fee Payable$241.4K$44.5K$29.3K$2.1K-$18.5K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022
Proceeds From Sale Of Trust Assets To Pay Expenses1$710.4K$616.7K$426.8K$334.7K$301.2K$274.9K$283.6K$262.0K$212.2K$248.2K$305.6K$226.4K
Net Cash Provided By Used In Operating Activities$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Increase Decrease In Sponsor Fee Payable$48.1K$40.1K$43.8K$17.2K$11.5K-$868.00-$15.4K$24.3K$6.6K-$23.0K-$24.9K-$47.7K

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Net Asset Value Per Share$42.51$25.81$20.43$17.98$18.09$18.83$15.19$12.81
Net Asset Market Value Per Share$42.55$25.94$20.44$18.09$18.18$18.94$15.14$12.82
Weighted Average Number Of Shares Outstanding Basic47.2M31.7M29.8M29.8M21.5M20.3M9.4M
Net Investment Incom Loss Per Share$-0.06$-0.04$-0.03$-0.03$-0.03$-0.03$-0.03
Earnings Per Share Basic$16.58$5.11$1.89$-0.37$-0.83$2.85$2.37
Change In Net Assets From Operations Per Share$16.70$5.38$2.45$-0.11$-0.74$3.64$2.38
Common Stock Shares Outstanding59.8M34.5M31.0M24.3M23.5M27.1M7.0M
Common Stock Shares Issued59.8M34.5M31.0M24.3M23.5M7.0M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020Q1 2020Q4 2019Q3 2019Q2 2019Q1 2019Q3 2018Q2 2018
Net Asset Value Per Share$37.77$32.47$30.78$26.01$23.06$21.92$18.53$18.96$19.63$16.59$18.04$19.30$17.33$17.54$16.83$18.80$17.62$16.04$14.82$14.07$12.94$11.87$12.28
Net Asset Market Value Per Share$38.12$32.68$30.88$26.03$23.01$21.99$18.31$19.04$19.55$16.50$17.94$19.23$17.46$17.60$16.99$18.79$17.76$15.70$14.70$14.09$12.91
Weighted Average Number Of Shares Outstanding Basic49.1M45.1M37.6M31.8M30.2M29.9M30.9M32.5M26.4M28.8M33.5M33.0M21.4M19.6M21.5M24.4M16.9M12.4M10.2K8.5K7.8K1.6K
Net Investment Incom Loss Per Share$-0.02$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$-0.01$0.00
Earnings Per Share Basic$5.39$1.55$5.00$2.97$1.08$1.43$-0.39$-0.76$1.39$-1.44$-1.30$1.26$-0.24$0.62$-1.98$0.93$1.48$0.76$0.68$1.18$0.13$-0.31
Change In Net Assets From Operations Per Share$5.30$1.69$4.97$2.95$1.14$1.49$-0.43$-0.67$1.65$-1.45$-1.26$1.21$-0.21$0.71$-2.00$1.18$1.58$0.85$0.75$1.13$0.13$-0.41
Common Stock Shares Outstanding52.2M47.6M42.0M33.9M31.3M29.0M28.3M33.2M26.1M24.1M33.1M34.6M23.0M20.8M13.9M11.6M11.1M9.5M8.3M4.3M100.0K
Common Stock Shares Issued52.2M47.6M42.0M33.9M31.3M29.0M28.3M33.2M26.1M24.1M13.9M11.6M11.1M9.5M8.3M4.3M

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Total Return At Net Asset Value$0.65$0.26$0.14-$0.01-$0.04$0.24$0.19
Total Expenses-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00
Sponsor Fees$2.9M$1.4M$1.0M$965.4K$691.8K$657.5K$240.9K
Net Realized And Unrealized Gain Loss On Investment In Gold Bullion$16.76$5.42$2.48-$0.08-$0.71$3.67$2.41
Net Realized And Unrealized Gain Loss From Operations$786.4M$163.4M$57.4M-$9.9M-$17.1M$58.5M$22.6M
Investment Income Net-$2.9M-$1.4M-$1.0M-$965.4K-$691.8K-$657.5K-$240.9K
Investment In Physical Commodities$2.54B$889.7M$633.4M$437.0M$424.3M$510.8M$176.3M$89.0M
Annualized Net Investment Income Loss Ratio-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00
Change In Unrealized Appreciationdepreciation On Investment In Gold Bullion$764.3M$149.1M$52.0M-$28.3M-$64.5M$52.6M$22.6M
Total Return At Market Value$0.64$0.27$0.13-$0.01-$0.04$0.25$0.18
Partners Capital Account Redemptions$869.5M$94.2M$140.0M$23.6M-$68.7M$276.7M$64.9M
Net Asset Value$2.54B$889.6M$633.3M$436.9M$424.2M$510.8M$176.2M
Gold Bullion Distributed For Redemptions$22.1M$14.3M$5.5M$18.5M$47.5M$5.9M
Investment Owned At Cost$1.59B$701.3M$594.1M$449.7M$408.7M$430.7M$148.7M$84.1M
Stock Issued During Period Value New Issues-$77.5M-$309.0M-$64.9M
Stock Redeemeed During The Period One-$52.6M-$98.6M-$293.2M-$485.9M-$146.2M
Stock Issued1$922.1M$192.9M$433.2M$509.5M$77.5M
Realized Investment Gains Losses$22.0M$14.3M$5.4M$18.4M-$47.4M
Expenses Sponsor Fee Paid-$2.7M-$1.3M-$1.0M-$963.3K-$673.3K
Stock Issued During Period Value Issued For Services$146.2M$32.3M
Investment Owned Balance Other Measure$69.5K
Investment Owned At Fair Value$89.0M
Value Of Net Realized Gain Loss From Gold Transferred To Pay Expenses-$87.8K
Value Of Net Realized Gain Loss From Gold Sold To Pay Expenses
Net Realized Gain Loss From Gold Bullion Distributed For Redemptions
Change In Unrealized Appreciation On Investment In Gold Bullion$764.3M$149.1M$52.0M
Change In Unrealized Appreciation Depreciation On Investment In Gold

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020Q1 2020Q4 2019Q3 2019Q2 2019Q1 2019Q3 2018Q2 2018
Total Return At Net Asset Value$0.16$0.05$0.19$0.13$0.05$0.07-$0.02-$0.03$0.09-$0.08-$0.07$0.07-$0.01$0.04-$0.11$0.07$0.10$0.06$0.05$0.09$0.01-$0.03
Total Expenses-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00
Sponsor Fees$758.5K$656.8K$470.6K$352.0K$312.7K$274.0K$268.2K$286.2K$218.8K$225.2K$280.8K$274.1K$172.8K$158.8K$171.8K$212.8K$131.1K$88.7K$68.6K$50.8K$45.3K$6.0K
Net Realized And Unrealized Gain Loss On Investment In Gold Bullion$5.32$1.70$4.98$2.96$1.15$1.50-$0.42-$0.66$1.66-$1.44-$1.25$1.22-$0.20$0.72-$1.99$1.19$1.59$0.86$0.76$1.14$0.14-$0.41
Net Realized And Unrealized Gain Loss From Operations$265.5M$70.8M$188.3M$94.8M$33.1M$43.0M-$11.7M-$24.3M$37.0M-$41.3M-$43.4M$41.8M-$4.9M$12.4M-$42.5M$23.0M$25.2M$9.5M$7.0M$10.1M$1.0M-$464.6K
Investment Income Net-$758.5K-$656.8K-$470.6K-$352.0K-$312.7K-$274.0K-$268.2K-$286.2K-$218.8K-$225.2K-$280.8K-$274.1K-$172.8K-$158.8K-$171.8K-$212.8K-$131.1K-$88.7K-$68.6K-$50.8K-$45.3K-$6.0K
Investment In Physical Commodities$1.97B$1.54B$1.29B$882.3M$722.1M$634.8M$524.0M$629.2M$511.5M$400.3M$597.3M$736.1M$397.8M$360.5M$321.9M$487.4M$351.6M$215.8M$164.6M$133.0M$107.4M$51.0M$1.2M
Annualized Net Investment Income Loss Ratio-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00-$0.00
Change In Unrealized Appreciationdepreciation On Investment In Gold Bullion$265.5M$48.7M$188.3M$92.2M$33.1M$39.0M-$14.7M-$25.2M$37.2M-$37.0M-$58.9M$33.2M-$4.9M$12.4M-$89.9M$24.0M$25.2M$8.5M$7.0M$10.1M$1.0M-$464.6K
Total Return At Market Value$0.17$0.06$0.19$0.13$0.05$0.08-$0.04-$0.03$0.08-$0.08-$0.07$0.06-$0.01$0.04-$0.10$0.06$0.13$0.04$0.04$0.09$0.01
Partners Capital Account Redemptions$160.9M$179.7M$216.9M$65.7M$54.6M-$41.3M-$93.2M$142.3M$37.7M-$155.4M-$26.7M$201.8M$38.0M$30.7M-$146.2M$99.3M$117.9M$36.6M-$24.6M$15.5M$17.4M
Net Asset Value$1.97B$1.54B$1.29B$882.2M$722.0M$634.7M$523.9M$629.1M$511.4M$400.2M$597.2M$667.6M$397.7M$364.8M$321.9M$487.3M$365.2M$222.2M$164.5K$132.9K
Gold Bullion Distributed For Redemptions$0.00$22.1M$0.00$2.7M$0.00$4.0M$3.0M$944.6K-$125.1K-$4.3M$15.6M$8.6M$0.00$0.00$47.5M-$1.0M$919.3K
Investment Owned At Cost$1.28B$1.12B$917.8M$678.8M$610.8M$556.6M$539.5M$630.0M$487.0M$447.4M$607.4M$687.2M$400.1M$357.9M$331.7M$402.1M$290.3M$179.7M$141.4M$116.9M$101.5M$51.5M
Stock Issued During Period Value New Issues-$85.0M-$130.9M-$270.2M-$38.0M-$30.7M$0.00-$110.4M-$117.9M-$41.0M$24.6M$15.5M$17.4M$50.3M
Stock Redeemeed During The Period One$0.00-$52.6M$0.00-$11.5M$0.00-$51.3M-$93.2M-$29.8M-$142.2M-$240.4M-$157.7M-$68.3M
Stock Issued1$160.9M$232.3M$216.9M$77.2M$54.6M$10.0M$0.00$172.1M$179.9M$85.0M$130.9M$270.2M
Realized Investment Gains Losses-$7.9K$22.1M-$6.8K$2.7M$1.4K$4.0M$3.0M$940.3K-$135.9K-$4.4M$15.6M-$8.6M
Expenses Sponsor Fee Paid-$710.4K-$616.7K-$426.8K-$334.7K-$301.2K-$274.9K-$283.6K-$262.0K-$212.2K-$248.2K-$305.6K-$226.4K
Stock Issued During Period Value Issued For Services$240.4M$157.7M$68.3M$0.00$0.00$146.2M$11.1M$4.5M
Investment Owned Balance Other Measure$134.1K$115.7K$110.8K$94.4K$82.9K$43.0K$1.0K
Investment Owned At Fair Value$215.8M$176.3M$164.6M$133.0M$107.4M$51.0M
Value Of Net Realized Gain Loss From Gold Transferred To Pay Expenses-$1.1K-$10.9K
Value Of Net Realized Gain Loss From Gold Sold To Pay Expenses-$11.8K-$29.4K
Net Realized Gain Loss From Gold Bullion Distributed For Redemptions-$1.0M$919.3K
Change In Unrealized Appreciation On Investment In Gold Bullion
Change In Unrealized Appreciation Depreciation On Investment In Gold$8.5M$1.0M

Most recent annual filing with the SEC: February 24, 2026

Data sourced from SEC EDGAR public filings as of August 7, 2026.