Invesco Galaxy Bitcoin ETF (BTCO) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BTCO SEC filings page.
Invesco Galaxy Bitcoin ETF (BTCO) reported $0 in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Equity-funded asset movements dominate the fund’s reported mechanics, while earnings and operating cash flow move in opposite directions.
In FY2024, net income of$406.1M coexisted with operating cash flow of-$321.5M ; in FY2025, a net loss of-$72.3M coexisted with operating cash flow of$111.1M . That reversal means accounting earnings are not a clean proxy for period cash movement, which is more consistent with fund-level valuation and flow effects than a conventional operating business.
FY2025 liabilities were only
Operating and financing cash flow matched at
Financial Health Signals
Invesco Galaxy Bitcoin ETF 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.
Invesco Galaxy Bitcoin ETF passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
Invesco Galaxy Bitcoin ETF reported a net loss of $72.3M while generating $111.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Invesco Galaxy Bitcoin ETF generated $0 in revenue in Q2 2026.
Invesco Galaxy Bitcoin ETF reported -$56.1M in net income in Q2 2026. This represents a decrease of 144.4% from the same quarter a year earlier. Against the prior quarter it is up 55.8%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Invesco Galaxy Bitcoin ETF held $0 in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Invesco Galaxy Bitcoin ETF's ROE was -17.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 40.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.0 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Invesco Galaxy Bitcoin ETF spent $96.5M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 43.2% from the same quarter a year earlier. Against the prior quarter it is up 534.2%.
Not reported for Q2 2026.
Not reported for Q2 2026.
BTCO 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: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
BTCO 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 | $315.9M-43.2% | $457.3M+4.8% | $544.4M-25.2% | $696.8M+34.8% | $556.0M+27.7% | $436.3M+3.3% | $727.8M+727689.3% | $516.7M |
| Cash & Equivalents | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $81K-26.9% | $99K-3.9% | $119K-32.9% | $131K+36.0% | $111K | $103K-97.4% | $177K | $97K |
| Total Equity | $315.8M-43.2% | $457.2M+4.8% | $544.2M-25.2% | $696.6M+34.8% | $555.9M | $436.2M+4.3% | $727.6M+727511.8% | $516.6M |
| Retained Earnings | $150.9M+132.9% | $207.0M+162.2% | $334.0M-17.8% | -$494.7M-451.1% | -$459.3M-435.6% | -$332.8M-279.1% | $406.2M | $140.9M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
BTCO 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 | 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 Cash Flow | $85.3M+1170.3% | -$39.9M-118.3% | -$8.4M-115.4% | -$105.3M-36.2% | $6.7M+109.6% | $218.0M+195.4% | $54.4M | -$77.3M |
| Financing Cash Flow | -$85.3M-1170.3% | $39.9M+118.3% | $8.4M+115.4% | $105.3M+36.2% | -$6.7M-109.6% | -$218.0M-195.4% | -$54.4M | $77.3M |
| Share Buybacks | $96.5M+43.2% | $15.2M-93.8% | $60.3M-47.8% | $5.1M-77.2% | $67.4M+74.8% | $246.4M+8.5% | $115.6M | $22.3M |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid.
BTCO 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 | -17.8%-40.5pp | -27.8%-10.9pp | N/A | 5.1%+4.3pp | 22.8% | -16.8%-61.3pp | N/A | 0.8% |
| Return on Assets | -17.8%-40.5pp | -27.8%-10.9pp | N/A | 5.1%+4.3pp | 22.7%+34.0pp | -16.8%-60.8pp | N/A | 0.8% |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.00 | 0.000.0x | 0.000.0x | 0.00 |
| Asset Turnover | 0.000.0x | 0.000.0x | N/A | 0.000.0x | 0.000.0x | 0.000.0x | N/A | 0.00 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, FCF Margin.
Where Invesco Galaxy Bitcoin ETF Ranks
Frequently Asked Questions
What is Invesco Galaxy Bitcoin ETF's annual revenue?
Invesco Galaxy Bitcoin ETF (BTCO) reported $0 in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Invesco Galaxy Bitcoin ETF profitable?
No, Invesco Galaxy Bitcoin ETF (BTCO) reported a net income of -$72.3M in fiscal year 2025.
What is Invesco Galaxy Bitcoin ETF's return on equity (ROE)?
Invesco Galaxy Bitcoin ETF (BTCO) has a return on equity of -13.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Invesco Galaxy Bitcoin ETF's operating cash flow?
Invesco Galaxy Bitcoin ETF (BTCO) generated $111.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Invesco Galaxy Bitcoin ETF's total assets?
Invesco Galaxy Bitcoin ETF (BTCO) had $544.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Invesco Galaxy Bitcoin ETF's debt-to-equity ratio?
Invesco Galaxy Bitcoin ETF (BTCO) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Invesco Galaxy Bitcoin ETF's return on assets (ROA)?
Invesco Galaxy Bitcoin ETF (BTCO) had a return on assets of -13.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Invesco Galaxy Bitcoin ETF's Piotroski F-Score?
Invesco Galaxy Bitcoin ETF (BTCO) has a Piotroski F-Score of 3 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 Invesco Galaxy Bitcoin ETF's earnings high quality?
Invesco Galaxy Bitcoin ETF (BTCO) reported a net loss of $72.3M while generating $111.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.