tradmap

GLDM Financials World Gold Trust

9 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Net income
-$346M $2B $5B $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
Net income
Return on equity & assets (ROE / ROA)
-8% 9% 26% 0% 2017 2018 2019 2020 2021 2022 2023 2024 2025
ROEROA
Shareholders' equity (book value)
$0 $1 $1 2017 2018 2019 2020 2021 2022 2023 2024 2025
Equity
Free cash flow (CFO − capex)
$0 $1 $1 2017 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $1 $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
$0 $1 $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $5.3B 25.5% $0
2024 $2.4B 26.4% $0
2023 $546M 9.5% $0
2022 -$295M -6.3% $0
2021 -$346M -7.9% $0
2020 $443M 12.4% $0
2019 $139M 13.2% $0
2018 -$8M -2.9% $0
2017 -$337000 -2.3% $0

Valuation over time

How the market has priced GLDM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 9.6 19.2 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E

Frequently asked questions

Is GLDM growing its revenue and profit?

See the revenue and net-income charts above for World Gold Trust's multi-year trend.

How much debt does GLDM have?

As of FY2025, World Gold Trust reported — of total debt against $0 of cash.

What is GLDM's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin —.

What is GLDM's P/E ratio?

As of Sep '26, World Gold Trust traded at a price-to-earnings ratio of about 3.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.