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Bitwise Solana Staking ETF Financials

BSOL
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Bitwise Solana Staking ETF (BSOL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BSOL FY2025

With $641.3M of assets and $0 liabilities, this ETF structure operates as a fully equity-funded asset pool.

Because total equity matches total assets at $641.3M while total liabilities and debt-to-equity are both zero, the vehicle's economics are tied to portfolio-value changes rather than to balance-sheet leverage or creditor claims.

The filing provides almost no revenue, profit, or cash-flow data, so the clearest read is structural: shareholder capital, not borrowing, is carrying the entire balance sheet. That leaves solvency pressure low, but it also means the statements reveal asset backing far better than operating performance.

Some figures from recent filings were inconsistent and were omitted from this summary.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 17 / 100
Financial Profile 17/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Bitwise Solana Staking ETF's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage
100

Bitwise Solana Staking ETF carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Key Financial Metrics

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
N/A
EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
N/A
Dividends Per Share
N/A
Shares Outstanding
39M

Bitwise Solana Staking ETF had 39M shares outstanding in fiscal year 2026.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

BSOL Income Statement

Metric Q1'26 Q4'25 Q3'25
Revenue N/A N/A N/A
Cost of Revenue N/A N/A N/A
Gross Profit N/A N/A N/A
R&D Expenses N/A N/A N/A
SG&A Expenses N/A N/A N/A
Operating Income N/A N/A N/A
Interest Expense N/A N/A N/A
Income Tax $0 N/A N/A
Net Income -$238.1M-15.3% -$206.5M N/A
EPS (Diluted) N/A N/A N/A

BSOL Balance Sheet

Metric Q1'26 Q4'25 Q3'25
Total Assets $576.6M-10.1% $641.3M+320662900.0% $200
Current Assets N/A N/A N/A
Cash & Equivalents N/A N/A $200
Inventory N/A N/A N/A
Accounts Receivable N/A N/A N/A
Goodwill N/A N/A N/A
Total Liabilities $6.3M $0 $0
Current Liabilities N/A N/A N/A
Long-Term Debt N/A N/A N/A
Total Equity $570.3M-11.1% $641.3M+320662900.0% $200
Retained Earnings N/A N/A N/A

BSOL Financial Ratios

Metric Q1'26 Q4'25 Q3'25
Gross Margin N/A N/A N/A
Operating Margin N/A N/A N/A
Net Margin N/A N/A N/A
Return on Equity -41.8%-9.5pp -32.2% N/A
Return on Assets -41.3%-9.1pp -32.2% N/A
Current Ratio N/A N/A N/A
Debt-to-Equity 0.01+0.0 0.000.0 0.00
FCF Margin N/A N/A N/A

Frequently Asked Questions

Bitwise Solana Staking ETF (BSOL) had $641.3M in total assets as of fiscal year 2026, including both current and long-term assets.

Bitwise Solana Staking ETF (BSOL) had 39M shares outstanding as of fiscal year 2026.

Bitwise Solana Staking ETF (BSOL) had a debt-to-equity ratio of 0.00 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Bitwise Solana Staking ETF (BSOL) scores 17 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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