Bitwise Dogecoin ETF Financials

BWOW

Source SEC Filings (10-K/10-Q) Updated Mar 20, 2026 Currency USD FYE March

This page shows Bitwise Dogecoin ETF (BWOW) 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).

Financial Health Signals

Earnings Quality Low Quality

4.06x

For every $1 of reported earnings, Bitwise Dogecoin ETF generates $4.06 in operating cash flow (-$1.5M OCF vs -$377K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$377K

Bitwise Dogecoin ETF reported -$377K in net income in fiscal year 2025.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

40,000

Bitwise Dogecoin ETF had 40,000 shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-32.7%

Bitwise Dogecoin ETF's ROE was -32.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

BWOW Income Statement

Metric	FY25
Revenue	N/A
Cost of Revenue	N/A
Gross Profit	N/A
R&D Expenses	N/A
SG&A Expenses	N/A
Operating Income	N/A
Interest Expense	N/A
Income Tax	N/A
Net Income	-$377K
EPS (Diluted)	N/A

BWOW Balance Sheet

Metric	FY25
Total Assets	$1.2M
Current Assets	N/A
Cash & Equivalents	N/A
Inventory	N/A
Accounts Receivable	N/A
Goodwill	N/A
Total Liabilities	$67
Current Liabilities	N/A
Long-Term Debt	N/A
Total Equity	$1.2M
Retained Earnings	N/A

BWOW Cash Flow Statement

Metric	FY25
Operating Cash Flow	-$1.5M
Capital Expenditures	N/A
Free Cash Flow	N/A
Investing Cash Flow	N/A
Financing Cash Flow	$1.5M
Dividends Paid	N/A
Share Buybacks	N/A

BWOW Financial Ratios

Metric	FY25
Gross Margin	N/A
Operating Margin	N/A
Net Margin	N/A
Return on Equity	-32.7%
Return on Assets	-32.7%
Current Ratio	N/A
Debt-to-Equity	0.00
FCF Margin	N/A

Frequently Asked Questions

Is Bitwise Dogecoin ETF profitable?

No, Bitwise Dogecoin ETF (BWOW) reported a net income of -$377K in fiscal year 2025.

What is Bitwise Dogecoin ETF's return on equity (ROE)?

Bitwise Dogecoin ETF (BWOW) has a return on equity of -32.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Bitwise Dogecoin ETF's operating cash flow?

Bitwise Dogecoin ETF (BWOW) generated -$1.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Bitwise Dogecoin ETF's total assets?

Bitwise Dogecoin ETF (BWOW) had $1.2M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Bitwise Dogecoin ETF have outstanding?

Bitwise Dogecoin ETF (BWOW) had 40,000 shares outstanding as of fiscal year 2025.

What is Bitwise Dogecoin ETF's debt-to-equity ratio?

Bitwise Dogecoin ETF (BWOW) 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 Bitwise Dogecoin ETF's return on assets (ROA)?

Bitwise Dogecoin ETF (BWOW) had a return on assets of -32.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Are Bitwise Dogecoin ETF's earnings high quality?

Bitwise Dogecoin ETF (BWOW) has an earnings quality ratio of 4.06x, considered low quality (accrual-driven). 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.