Coinshares Bitcoin ETF (BRRR) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BRRR SEC filings page.
This page shows Coinshares Bitcoin ETF (BRRR) 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).
The business is dominated by a low-liability asset base, while annual results swing with the size and composition of reported equity.
From FY2024 to FY2025, total assets fell from$826.3M to$505.5M while net income shifted from$307.0M to a loss of-$49.7M ; that combination drove ROA from 37.2% to -9.8%, showing that reported profitability is highly variable relative to the balance-sheet base. Because revenue and cash-flow data are absent, the statements support a balance-sheet interpretation more confidently than an operating-performance one.
At FY2025 year-end, liabilities were only
Shares outstanding fell from 26.1M to 21.4M across the two years, changing the denominator for any per-share analysis even though EPS is not reported. The FY2025 operating loss was
Financial Health Signals
Coinshares Bitcoin ETF does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
Coinshares Bitcoin ETF reported -$54.7M in net income in Q2 2026. This represents a decrease of 138.7% from the same quarter a year earlier. Against the prior quarter it is up 54.7%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Coinshares Bitcoin ETF's ROE was -16.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 38.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.1 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
BRRR 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Income | -$274K+24.6% | -$289K+37.3% | N/A | -$425K-23.4% | -$364K-25.2% | -$461K | N/A | -$344K |
| Net Income | -$54.7M-138.7% | -$120.7M-57.5% | N/A | $43.3M+243.0% | $141.1M+302.4% | -$76.6M-184.5% | N/A | $12.6M |
| EPS (Basic) | -$2.51-137.3% | -$5.59-104.8% | -$6.84-166.9% | $2.08+407.3% | $6.73+377.0% | -$2.73-136.9% | $10.22 | $0.41 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, EBITDA, Interest Expense, Income Tax, EPS (Diluted), Diluted Shares (Avg).
BRRR 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $342.4M-45.3% | $429.8M-12.5% | $505.5M-38.8% | $682.6M+19.8% | $625.9M+20.7% | $490.9M-10.6% | $826.3M | $569.8M |
| Total Liabilities | $78K-34.5% | $93K-99.1% | $109K-42.7% | $129K+18.3% | $118K+6.4% | $10.6M+75.3% | $190K | $109K |
| Total Equity | $342.4M-45.3% | $429.7M-10.5% | $505.4M-38.8% | $682.5M+19.8% | $625.8M+20.7% | $480.4M-11.6% | $826.1M | $569.7M |
Not reported in any period shown, so not listed: Current Assets, Cash & Equivalents, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.
BRRR 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -16.0%-38.5pp | -28.1%-12.1pp | N/A | 6.3%+4.1pp | 22.6%+36.0pp | -16.0%-32.6pp | N/A | 2.2% |
| Return on Assets | -16.0%-38.5pp | -28.1%-12.5pp | N/A | 6.3%+4.1pp | 22.6%+36.0pp | -15.6%-32.1pp | N/A | 2.2% |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.020.0x | 0.00 | 0.00 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.