Breakwave Dry Bulk Shipping ETF (BDRY) Financials
Newest figures come from the 10-K for FY2026, filed Sep 25, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BDRY SEC filings page.
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 10 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).
The reported statements describe a market-linked fund whose assets, liabilities, and annual results move sharply rather than a conventional operating business.
FY2026 net income was$79.2M after a$17.5M loss in FY2025, even as assets fell23.2% to$52.7M . That combination is consistent with fund-level asset and valuation movements, not a steadily expanding operating base.
Balance-sheet size has been highly variable: assets fell
FY2026 liabilities increased
Financial Health Signals
We do not publish a peer-relative financial health score for Breakwave Dry Bulk Shipping ETF, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
Breakwave Dry Bulk Shipping ETF reported $20.0M in net income in Q4 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 34.1%.
Not reported for Q4 2026.
Not reported for Q4 2026.
Not reported for Q4 2026.
Cash & Balance Sheet
None of these metrics is reported for Q4 2026.
Margins & Returns
Breakwave Dry Bulk Shipping ETF's quarterly ROE was 44.4% in Q4 2026: one quarter's net income over shareholder equity, not annualized. This is up 54.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.0 percentage points.
Not reported for Q4 2026.
Not reported for Q4 2026.
Not reported for Q4 2026.
Capital Allocation
None of these metrics is reported for Q4 2026.
BDRY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
BDRY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $52.7M-23.2% | $102.7M+59.9% | $36.5M+2.9% | $44.0M+56.5% | $68.6M+61.3% | $64.2M-3.1% | $35.4M-44.2% | $28.1M-58.8% |
| Cash & Equivalents | N/A | N/A | N/A | N/A | N/A | $26.1M-48.3% | $14.9M-46.3% | $23.5M-5.6% |
| Total Liabilities | $7.6M+429.4% | $2.6M+129.4% | $1.3M-57.5% | $3.7M+380.1% | $1.4M+9.4% | $1.1M+61.6% | $3.1M+769.2% | $772K+139.8% |
| Total Equity | $45.1M-32.8% | $100.0M+58.6% | $35.2M+8.7% | $40.3M+47.3% | $67.1M+63.0% | $63.1M-3.8% | $32.4M-48.8% | $27.3M-59.8% |
| Retained Earnings | $103.9M+319.8% | $83.9M+167.8% | $53.5M+110.3% | $47.2M+25.2% | $24.8M-41.4% | $31.3M | $25.4M | $37.7M |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
BDRY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid.
BDRY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2610-K | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | 44.4%+54.2pp | 30.4%+21.1pp | 17.9%+55.8pp | 55.7%+72.4pp | -9.8%+10.0pp | 9.3%-5.0pp | -37.9%-108.8pp | -16.7%-17.3pp |
| Return on Assets | 38.0%+47.6pp | 29.6%+20.4pp | 17.3%+51.9pp | 51.0%+67.2pp | -9.6%+9.6pp | 9.2%-5.0pp | -34.6%-105.2pp | -16.2%-16.8pp |
| Liabilities-to-Equity | 0.17+0.1x | 0.030.0x | 0.04-0.1x | 0.09+0.1x | 0.020.0x | 0.020.0x | 0.09+0.1x | 0.030.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Debt-to-Equity, Asset Turnover, FCF Margin.
Where Breakwave Dry Bulk Shipping ETF Ranks
Frequently Asked Questions
Yes, Breakwave Dry Bulk Shipping ETF (BDRY) reported a net income of $79.2M in fiscal year 2026.
Breakwave Dry Bulk Shipping ETF (BDRY) has a return on equity of 175.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
Breakwave Dry Bulk Shipping ETF (BDRY) had $52.7M in total assets as of fiscal year 2026, including both current and long-term assets.
Breakwave Dry Bulk Shipping ETF (BDRY) had a liabilities-to-equity ratio of 0.17 as of fiscal year 2026, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2026, because the filing data we hold for that year carries no long-term debt figure.
Breakwave Dry Bulk Shipping ETF (BDRY) had a return on assets of 150.3% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.