Breakwave Dry Bulk Shipping ETF Financials
This page shows Breakwave Dry Bulk Shipping ETF (BDRY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
Key Financial Metrics
Earnings & Revenue
Breakwave Dry Bulk Shipping ETF reported -$17.5M in net income in fiscal year 2025. This represents a decrease of 137.7% from the prior year.
Cash & Balance Sheet
Margins & Returns
Breakwave Dry Bulk Shipping ETF's ROE was -26.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 138.8 percentage points from the prior year.
Capital Allocation
BDRY Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 | $5.6M-11.9% | $6.3M-71.9% | $22.5M | N/A | $5.9M+148.1% | -$12.3M-169.2% | -$4.6M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BDRY Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $34.0M-6.6% | $36.5M-17.1% | $44.0M-35.9% | $68.6M+6.8% | $64.2M+81.3% | $35.4M+25.9% | $28.1M-33.9% | $42.5M |
| 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 | $26.1M+74.9% | $14.9M-36.6% | $23.5M-28.6% | $33.0M |
| 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 | $811K-37.6% | $1.3M-64.9% | $3.7M+159.2% | $1.4M+24.5% | $1.1M-62.4% | $3.1M+296.0% | $772K-40.9% | $1.3M |
| 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 | $33.2M-5.5% | $35.2M-12.7% | $40.3M-40.0% | $67.1M+6.5% | $63.1M+94.9% | $32.4M+18.3% | $27.3M-33.6% | $41.2M |
| Retained Earnings | $52.4M-2.0% | $53.5M+13.3% | $47.2M+90.7% | $24.8M-21.0% | $31.3M+23.2% | $25.4M-32.5% | $37.7M-10.8% | $42.3M |
BDRY Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $25.5M | N/A | N/A | N/A | -$13.6M+47.3% | -$25.9M-18702.6% | -$138K+90.1% | -$1.4M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $7.7M | N/A | N/A | N/A | $24.8M+43.7% | $17.3M+285.7% | -$9.3M+42.5% | -$16.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $14.3M | N/A | N/A | N/A | $2.4M-50.2% | $4.8M-54.6% | $10.5M-58.0% | $25.1M |
BDRY Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | 16.7%-1.2pp | 17.9%-37.8pp | 55.7% | N/A | 9.3%+47.2pp | -37.9%-21.2pp | -16.7% | N/A |
| Return on Assets | 16.3%-1.0pp | 17.3%-33.8pp | 51.0% | N/A | 9.2%+43.8pp | -34.6%-18.4pp | -16.2% | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.02-0.0 | 0.04-0.1 | 0.09+0.1 | 0.020.0 | 0.02-0.1 | 0.09+0.1 | 0.030.0 | 0.03 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is Breakwave Dry Bulk Shipping ETF profitable?
No, Breakwave Dry Bulk Shipping ETF (BDRY) reported a net income of -$17.5M in fiscal year 2025.
What is Breakwave Dry Bulk Shipping ETF's return on equity (ROE)?
Breakwave Dry Bulk Shipping ETF (BDRY) has a return on equity of -26.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What are Breakwave Dry Bulk Shipping ETF's total assets?
Breakwave Dry Bulk Shipping ETF (BDRY) had $68.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Breakwave Dry Bulk Shipping ETF's debt-to-equity ratio?
Breakwave Dry Bulk Shipping ETF (BDRY) 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 Breakwave Dry Bulk Shipping ETF's return on assets (ROA)?
Breakwave Dry Bulk Shipping ETF (BDRY) had a return on assets of -25.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.