Breakwave Tanker Shipping ETF (BWET) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed May 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BWET SEC filings page.
This page shows Breakwave Tanker Shipping ETF (BWET) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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
Breakwave Tanker Shipping 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
Breakwave Tanker Shipping ETF reported $30.4M in net income in Q3 2026. This represents an increase of 416.0% from the same quarter a year earlier. Against the prior quarter it is up 382.4%.
Not reported for Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Cash & Balance Sheet
None of these metrics is reported for Q3 2026.
Margins & Returns
Breakwave Tanker Shipping ETF's ROE was 30.4% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 21.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 12.5 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 2026.
BWET 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).
BWET 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $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% | $42.5M-46.4% |
| Cash & Equivalents | N/A | N/A | N/A | N/A | $26.1M-48.3% | $14.9M-46.3% | $23.5M-5.6% | $33.0M-13.7% |
| Short-Term Investments | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 |
| Long-Term Investments | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 |
| Total Liabilities | $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% | $1.3M-90.6% |
| Total Equity | $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% | $41.2M-37.0% |
| Retained Earnings | $83.9M+167.8% | $53.5M+110.3% | $47.2M+25.2% | $24.8M-41.4% | $31.3M | $25.4M | $37.7M | $42.3M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
BWET 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.
BWET 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | 30.4%+21.1pp | 17.9%+55.8pp | 55.7%+72.4pp | N/A | 9.3%-5.0pp | -37.9%-108.8pp | -16.7%-17.3pp | N/A |
| Return on Assets | 29.6%+20.4pp | 17.3%+51.9pp | 51.0%+67.2pp | N/A | 9.2%-5.0pp | -34.6%-105.2pp | -16.2%-16.8pp | N/A |
| Debt-to-Equity | 0.030.0x | 0.04-0.1x | 0.09+0.1x | 0.020.0x | 0.020.0x | 0.09+0.1x | 0.030.0x | 0.03-0.2x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.
Where Breakwave Tanker Shipping ETF Ranks
Frequently Asked Questions
Is Breakwave Tanker Shipping ETF profitable?
No, Breakwave Tanker Shipping ETF (BWET) reported a net income of -$17.5M in fiscal year 2025.
What is Breakwave Tanker Shipping ETF's return on equity (ROE)?
Breakwave Tanker Shipping ETF (BWET) has a return on equity of -26.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What are Breakwave Tanker Shipping ETF's total assets?
Breakwave Tanker Shipping ETF (BWET) had $68.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Breakwave Tanker Shipping ETF's debt-to-equity ratio?
Breakwave Tanker Shipping ETF (BWET) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Breakwave Tanker Shipping ETF's return on assets (ROA)?
Breakwave Tanker Shipping ETF (BWET) had a return on assets of -25.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.