MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) Financials
Newest figures come from the 6-K for Q1 FY2026, filed Feb 25, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BERZ SEC filings page.
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) reported $26.7B in revenue over the twelve months to Jan 31, 2026, up 8.6% from the prior twelve months. This page shows its 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).
Financial Health Signals
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN passes 6 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, MicroSectors FANG & Innovation -3x Inverse Leveraged ETN generates $1.18 in operating cash flow ($7.3B OCF vs $6.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN generated $7.2B in revenue in Q1 2026. This represents an increase of 13.1% from the same quarter a year earlier. Against the prior quarter it is up 8.7%.
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN reported $1.8B in net income in Q1 2026. This represents an increase of 24.4% from the same quarter a year earlier. Against the prior quarter it is up 12.5%.
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN earned $2.50 per diluted share (EPS) in Q1 2026. This represents an increase of 27.8% from the same quarter a year earlier. Against the prior quarter it is up 18.0%.
Not reported for Q1 2026.
Cash & Balance Sheet
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN held $49.7B in cash as of Q1 2026; no long-term debt figure is on record for that period.
Not reported for Q1 2026.
Not reported for Q1 2026.
Margins & Returns
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN's net profit margin was 25.4% in Q1 2026, showing the share of revenue converted to profit. This is up 2.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN's quarterly ROE was 2.9% in Q1 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.
Not reported for Q1 2026.
Not reported for Q1 2026.
Capital Allocation
None of these metrics is reported for Q1 2026.
BERZ 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.
| Metric | Q1'266-K | Q4'256-K | Q3'256-K | Q2'256-K | Q1'256-K | Q4'246-K | Q3'246-K | Q2'246-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.2B+13.1% | $6.7B+3.8% | $6.5B+9.4% | $6.3B+8.4% | $6.4B+11.8% | $6.4B+7.2% | $5.9B-3.0% | $5.8B+0.9% |
| Interest Expense | $7.0B-9.5% | $7.2B-12.7% | $7.4B-17.0% | $7.6B-9.8% | $7.8B-6.7% | $8.2B+6.7% | $8.9B+18.3% | $8.5B+28.0% |
| Income Tax | $616.7M+29.2% | $524.6M+4.0% | $546.0M+29.5% | $466.4M+14.7% | $477.2M+75.5% | $504.3M+44.6% | $421.6M+31.2% | $406.6M+133.5% |
| Net Income | $1.8B+24.4% | $1.6B-1.1% | $1.7B+24.4% | $1.4B+4.8% | $1.5B+53.1% | $1.7B+34.5% | $1.4B+13.7% | $1.4B+78.9% |
| EPS (Basic) | $2.51+27.7% | $2.13+0.5% | $2.27+25.7% | $1.82+5.9% | $1.96+52.0% | $2.12+34.1% | $1.80+11.4% | $1.72+83.2% |
| EPS (Diluted) | $2.50+27.8% | $2.12+0.5% | $2.27+26.3% | $1.81+5.5% | $1.96+51.4% | $2.11+33.7% | $1.80+11.5% | $1.72+84.6% |
| Diluted Shares (Avg) | 710M-2.8% | N/A | 721M-1.3% | 726M-0.4% | 731M+0.8% | N/A | 730M+1.9% | 729M+2.3% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
BERZ 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 | Q1'266-K | Q4'256-K | Q3'256-K | Q2'256-K | Q1'256-K | Q4'246-K | Q3'246-K | Q2'246-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1T+5.9% | $1.1T+4.2% | $1.0T+1.9% | $1.0T+4.4% | $1.0T+2.6% | $1.0T+4.2% | $1.0T+6.9% | $999.5B+8.3% |
| Cash & Equivalents | $49.7B-6.0% | $48.2B+3.1% | $42.3B-21.9% | $47.3B-18.5% | $52.9B-5.2% | $46.7B-16.8% | $54.2B-12.3% | $58.1B+14.9% |
| Goodwill | $12.3B+1.4% | $12.0B-0.4% | $12.1B+0.1% | $12.0B-0.3% | $12.1B0.0% | $12.0B-0.2% | $12.1B-0.3% | $12.1B+2.1% |
| Total Liabilities | $1.0T+6.0% | $991.2B+4.2% | $971.3B+1.8% | $981.0B+4.2% | $954.8B+2.4% | $950.8B+3.8% | $954.3B+6.9% | $941.6B+8.6% |
| Total Equity | $63.2B+4.4% | $62.8B+4.0% | $62.6B+4.3% | $62.1B+7.4% | $60.6B+4.9% | $60.4B+10.2% | $60.1B+6.6% | $57.9B+3.1% |
| Retained Earnings | $35.2B+7.7% | $33.8B+1.4% | $34.3B+4.3% | $34.2B+4.9% | $32.7B-1.0% | $33.3B+5.1% | $32.9B-2.6% | $32.6B0.0% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
BERZ 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.
| Metric | Q1'266-K | Q4'256-K | Q3'256-K | Q2'256-K | Q1'256-K | Q4'246-K | Q3'246-K | Q2'246-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.3B-60.6% | $9.1B+169.9% | -$3.0B-307.0% | -$2.3B-179.7% | $3.4B-71.8% | $3.4B+31.6% | $1.5B-81.9% | $2.9Bn/m |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | $142.0M-1.7% | $107.7M-27.8% |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | $1.3B-83.4% | $2.8Bn/m |
| Investing Cash Flow | $219.8M-95.7% | -$1.4Bn/m | -$81.6Mn/m | -$3.3B-355.3% | $5.1Bn/m | -$6.1Bn/m | -$3.7B-226.4% | $1.3Bn/m |
| Financing Cash Flow | -$462.5Mn/m | -$1.8Bn/m | -$1.9Bn/m | -$504.8Mn/m | -$1.9Bn/m | -$4.2Bn/m | -$1.6Bn/m | -$1.3B-216.2% |
| Dividends Paid | $972.2M+9.6% | $878.7M+3.7% | $933.9M+3.6% | $886.5M+82.2% | $887.3M+59.4% | $847.3M+79.2% | $901.8M+59.9% | $486.6M+4.0% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Share Buybacks.
BERZ 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 | Q1'266-K | Q4'256-K | Q3'256-K | Q2'256-K | Q1'256-K | Q4'246-K | Q3'246-K | Q2'246-K |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 25.4%+2.3pp | 24.5%-1.2pp | 25.9%+3.1pp | 22.6%-0.8pp | 23.0%+6.2pp | 25.7%+5.2pp | 22.8%+3.4pp | 23.4%+10.2pp |
| Return on Equity | 2.9%+0.5pp | 2.6%-0.1pp | 2.7%+0.4pp | 2.3%-0.1pp | 2.4%+0.8pp | 2.7%+0.5pp | 2.3%+0.1pp | 2.3%+1.0pp |
| Return on Assets | 0.2%0.0pp | 0.1%0.0pp | 0.2%0.0pp | 0.1%0.0pp | 0.1%+0.1pp | 0.2%0.0pp | 0.1%0.0pp | 0.1%+0.1pp |
| Liabilities-to-Equity | 16.01+0.2x | 15.770.0x | 15.51-0.4x | 15.79-0.5x | 15.77-0.4x | 15.73-1.0x | 15.89+0.1x | 16.27+0.8x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | 22.3% | 48.2% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, Debt-to-Equity.
Where MicroSectors FANG & Innovation -3x Inverse Leveraged ETN Ranks
Frequently Asked Questions
What is MicroSectors FANG & Innovation -3x Inverse Leveraged ETN's annual revenue?
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) reported $25.9B in total revenue for fiscal year 2025. This represents a 10.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is MicroSectors FANG & Innovation -3x Inverse Leveraged ETN's revenue growing?
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) revenue grew by 10.0% year-over-year, from $23.5B to $25.9B in fiscal year 2025.
Is MicroSectors FANG & Innovation -3x Inverse Leveraged ETN profitable?
Yes, MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) reported a net income of $6.6B over the trailing 12 months to January 31, 2026. In fiscal year 2025 it reported a net income of $6.2B, with a net profit margin of 24.0%.
What is MicroSectors FANG & Innovation -3x Inverse Leveraged ETN's net profit margin?
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) had a net profit margin of 24.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is MicroSectors FANG & Innovation -3x Inverse Leveraged ETN's return on equity (ROE)?
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) has a return on equity of 9.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is MicroSectors FANG & Innovation -3x Inverse Leveraged ETN's operating cash flow?
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) generated $7.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are MicroSectors FANG & Innovation -3x Inverse Leveraged ETN's total assets?
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) had $1.1T in total assets as of fiscal year 2025, including both current and long-term assets.
What is MicroSectors FANG & Innovation -3x Inverse Leveraged ETN's liabilities-to-equity ratio?
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) had a liabilities-to-equity ratio of 15.77 as of fiscal year 2025, 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 2025, because the filing data we hold for that year carries no long-term debt figure.
What is MicroSectors FANG & Innovation -3x Inverse Leveraged ETN's return on assets (ROA)?
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is MicroSectors FANG & Innovation -3x Inverse Leveraged ETN's Piotroski F-Score?
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) has a Piotroski F-Score of 6 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are MicroSectors FANG & Innovation -3x Inverse Leveraged ETN's earnings high quality?
MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ) has an earnings quality ratio of 1.18x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.