Bitwise Dogecoin ETF Financials

BWOW

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

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).

Rhea AI BWOW FY2025 2026-05-08

Net asset backing, not operating earnings, defines this entity because the balance sheet is almost entirely equity-funded.

With $1.15M of assets, only $67 of liabilities, and 60,000 shares outstanding, the filing implies about $19.2 of net assets per share; that means reported value is being driven by the marked value of assets rather than by leverage or business margins. The near-zero balance-sheet friction also suggests very little year-end payable build.

Because revenue, cash-flow, and margin lines are absent while equity nearly matches total assets, this should be read as an asset pool rather than a conventional operating company. In practical terms, changes in stated value will follow the balance-sheet assets far more than any internal cost structure.

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

Financial Health Signals

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 Dogecoin 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 Dogecoin 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

60,000

Bitwise Dogecoin ETF had 60,000 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

BWOW Income Statement

Metric	FY26
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	$0
Net Income	N/A
EPS (Diluted)	N/A

Metric	Q1'26	Q4'25
Revenue	N/A	N/A
Cost of Revenue	N/A	N/A
Gross Profit	N/A	N/A
R&D Expenses	N/A	N/A
SG&A Expenses	N/A	N/A
Operating Income	N/A	N/A
Interest Expense	N/A	N/A
Income Tax	$0	N/A
Net Income	-$142K	N/A
EPS (Diluted)	N/A	N/A

BWOW Balance Sheet

Metric	FY26
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

Metric	Q1'26	Q4'25
Total Assets	$604K-47.6%	$1.2M
Current Assets	N/A	N/A
Cash & Equivalents	N/A	N/A
Inventory	N/A	N/A
Accounts Receivable	N/A	N/A
Goodwill	N/A	N/A
Total Liabilities	$178+165.7%	$67
Current Liabilities	N/A	N/A
Long-Term Debt	N/A	N/A
Total Equity	$604K-47.6%	$1.2M
Retained Earnings	N/A	N/A

BWOW Financial Ratios

Metric	FY26
Gross Margin	N/A
Operating Margin	N/A
Net Margin	N/A
Return on Equity	N/A
Return on Assets	N/A
Current Ratio	N/A
Debt-to-Equity	0.00
FCF Margin	N/A

Metric	Q1'26	Q4'25
Gross Margin	N/A	N/A
Operating Margin	N/A	N/A
Net Margin	N/A	N/A
Return on Equity	-23.4%	N/A
Return on Assets	-23.4%	N/A
Current Ratio	N/A	N/A
Debt-to-Equity	0.000.0	0.00
FCF Margin	N/A	N/A

Frequently Asked Questions

What are Bitwise Dogecoin ETF's total assets?

Bitwise Dogecoin ETF (BWOW) had $1.2M in total assets as of fiscal year 2026, including both current and long-term assets.

How many shares does Bitwise Dogecoin ETF have outstanding?

Bitwise Dogecoin ETF (BWOW) had 60,000 shares outstanding as of fiscal year 2026.

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 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

How financially healthy is Bitwise Dogecoin ETF?

Bitwise Dogecoin ETF (BWOW) 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.