ARK 21Shares Bitcoin ETF Financials

ARKB

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows ARK 21Shares Bitcoin ETF (ARKB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).

Rhea AI ARKB FY2025 2026-05-13

Tiny operating costs sit beside large valuation-driven earnings swings, so this vehicle is governed mainly by asset values.

From FY2024 to FY2025, operating loss stayed small, moving only from -$5.8M to -$9.8M. Yet net income flipped from $1.89B to -$222.3M, which implies reported earnings are dominated by changes in the underlying asset values while the ongoing cost base remains comparatively minor.

The balance sheet stayed lightly encumbered: FY2025 liabilities were $76.6M against $3.38B of assets. Equity still stood at $3.31B, so the year's damage landed mainly in net assets rather than through debt strain or a refinancing need.

ROA and ROE were nearly identical in both years, around 43.4% in FY2024 and around -6.6% in FY2025. That tight pairing, along with a debt-to-equity ratio that remained under 0.1x, shows financing is not amplifying results much; shareholders are getting a fairly direct pass-through of portfolio performance.

Financial Health Signals

Financial health score pending refresh

We are recalculating ARK 21Shares Bitcoin ETF's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$222.3M

YoY-111.8%

ARK 21Shares Bitcoin ETF reported -$222.3M in net income in fiscal year 2025. This represents a decrease of 111.8% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-6.7%

YoY-50.2pp

ARK 21Shares Bitcoin ETF's ROE was -6.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 50.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

ARKB Income Statement

Metric	FY25	FY24
Revenue	N/A	N/A
Cost of Revenue	N/A	N/A
Gross Profit	N/A	N/A
R&D Expenses	N/A	N/A
SG&A Expenses	N/A	N/A
Operating Income	-$9.8M-67.5%	-$5.8M
Interest Expense	N/A	N/A
Income Tax	N/A	N/A
Net Income	-$222.3M-111.8%	$1.9B
EPS (Diluted)	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	-$1.4M+33.8%	-$2.2M+21.3%	-$2.8M-13.5%	-$2.4M-3.3%	-$2.4M-10.6%	-$2.1M-41.8%	-$1.5M+3.0%	-$1.6M
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	-$716.8M+37.7%	-$1.2B-462.0%	$317.7M-73.5%	$1.2B+303.8%	-$587.5M-141.7%	$1.4B+2959.1%	$46.1M+111.3%	-$409.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ARKB Balance Sheet

Metric	FY25	FY24
Total Assets	$3.4B-22.5%	$4.4B
Current Assets	N/A	N/A
Cash & Equivalents	N/A	N/A
Inventory	N/A	N/A
Accounts Receivable	N/A	N/A
Goodwill	N/A	N/A
Total Liabilities	$76.6M+561.1%	$11.6M
Current Liabilities	N/A	N/A
Long-Term Debt	N/A	N/A
Total Equity	$3.3B-24.1%	$4.4B
Retained Earnings	$1.7B-11.8%	$1.9B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$2.4B-29.3%	$3.4B-34.9%	$5.2B+3.1%	$5.0B+28.1%	$3.9B-9.7%	$4.4B+35.7%	$3.2B+11.0%	$2.9B
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	$1.2M-98.4%	$76.6M-27.7%	$105.9M+920.3%	$10.4M-56.6%	$23.9M+106.6%	$11.6M+9.6%	$10.6M-78.1%	$48.4M
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	$2.4B-27.7%	$3.3B-35.1%	$5.1B+1.2%	$5.0B+28.6%	$3.9B-10.0%	$4.4B+35.8%	$3.2B+12.5%	$2.8B
Retained Earnings	$952.5M-42.9%	$1.7B-40.8%	$2.8B+12.7%	$2.5B+91.8%	$1.3B-31.1%	$1.9B+292.9%	$481.5M+10.6%	$435.4M

ARKB Financial Ratios

Metric	FY25	FY24
Gross Margin	N/A	N/A
Operating Margin	N/A	N/A
Net Margin	N/A	N/A
Return on Equity	-6.7%-50.2pp	43.5%
Return on Assets	-6.6%-49.9pp	43.4%
Current Ratio	N/A	N/A
Debt-to-Equity	0.02+0.0	0.00
FCF Margin	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	-30.0%+4.8pp	-34.8%-41.0pp	6.2%-17.5pp	23.8%+38.8pp	-15.0%-47.4pp	32.4%+31.0pp	1.4%+15.8pp	-14.4%
Return on Assets	-30.0%+4.0pp	-34.0%-40.1pp	6.1%-17.6pp	23.7%+38.6pp	-14.9%-47.2pp	32.3%+30.9pp	1.4%+15.6pp	-14.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.00-0.0	0.020.0	0.02+0.0	0.000.0	0.010.0	0.000.0	0.00-0.0	0.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is ARK 21Shares Bitcoin ETF profitable?

No, ARK 21Shares Bitcoin ETF (ARKB) reported a net income of -$222.3M in fiscal year 2025.

What is ARK 21Shares Bitcoin ETF's return on equity (ROE)?

ARK 21Shares Bitcoin ETF (ARKB) has a return on equity of -6.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What are ARK 21Shares Bitcoin ETF's total assets?

ARK 21Shares Bitcoin ETF (ARKB) had $3.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What is ARK 21Shares Bitcoin ETF's debt-to-equity ratio?

ARK 21Shares Bitcoin ETF (ARKB) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ARK 21Shares Bitcoin ETF's return on assets (ROA)?

ARK 21Shares Bitcoin ETF (ARKB) had a return on assets of -6.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.