Teucrium Corn Fund Financials

CORN

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

This page shows Teucrium Corn Fund (CORN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

Rhea AI CORN FY2025 2026-04-22

Cash and equity dominate CORN's balance-sheet posture, with multi-year losses drawing down reserves instead of materially stressing outside creditors.

By FY2025, net loss had narrowed to -$26.5M, but cash was still only $205.3M, so rebuilding reserves has not started. In FY2024, operating cash burn of -$39.4M sat close to the -$47.9M net loss, a sign that earnings pressure was showing up in actual cash outflow.

FY2024's liability load was just $17.0M against $241.7M of assets, leaving the company lightly creditor-funded. Liabilities were only about 7.1% of assets, so the main constraint is depletion of shareholder capital rather than financial refinancing pressure.

Cash represented about 87.3% of FY2024 assets, so the enterprise looked more like a cash reservoir than a business anchored by heavy operating assets. The fall from $292.2M to $210.9M between FY2023 and FY2024 shows that cash consumption rate is the key operating signal in this data.

Financial Health Signals

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We are recalculating Teucrium Corn Fund's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$26.5M

YoY+44.6%

Teucrium Corn Fund reported -$26.5M in net income in fiscal year 2025. This represents an increase of 44.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$205.3M

YoY-2.7%

5Y CAGR-7.9%

Teucrium Corn Fund held $205.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

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

CORN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	$88.6M+43.6%	$61.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$327K+16.0%	$281K-13.0%	$323K+7.3%	$302K+1.3%	$298K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$13.0M-26.8%	$17.7M+66.3%	$10.7M+1867.8%	$542K-59.9%	$1.4M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$26.5M+44.6%	-$47.9M+34.9%	-$73.5M+6.0%	-$78.2M-194.9%	$82.4M+46.8%	$56.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	N/A	N/A	N/A	$2.0M	N/A	N/A	$11.1M	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	$71K-9.2%	$78K+10.5%	$71K+28.0%	$55K+4.5%	$53K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	$3.0M-13.6%	$3.5M-4.9%	$3.7M-19.0%	$4.6M-1.4%	$4.6M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$30.4M+1077.9%	-$3.1M	N/A	-$56K+99.5%	-$10.9M+53.5%	-$23.5M-366.1%	$8.8M+130.4%	-$29.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CORN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	N/A	$241.7M-25.9%	$326.0M-35.5%	$505.5M+89.9%	$266.3M	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$205.3M-2.7%	$210.9M-27.8%	$292.2M-32.7%	$434.1M+72.1%	$252.2M-18.5%	$309.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$17.0M+49.4%	$11.4M-71.6%	$40.1M+1925.1%	$2.0M	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	N/A	$224.6M-28.6%	$314.5M-32.4%	$465.4M+76.1%	$264.3M	N/A
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	N/A	N/A	$241.7M-6.1%	$257.4M-4.0%	$268.0M-9.6%	$296.7M-9.0%	$326.0M-11.7%	$369.0M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$641.4M+235.6%	$191.2M-9.4%	$210.9M-9.6%	$233.3M+2.3%	$228.1M-10.1%	$253.7M-13.2%	$292.2M-9.4%	$322.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	N/A	$17.0M+67.0%	$10.2M-62.2%	$27.0M+43.0%	$18.9M+65.3%	$11.4M-58.4%	$27.4M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	N/A	N/A	$224.6M-9.1%	$247.2M+2.5%	$241.0M-13.2%	$277.8M-11.7%	$314.5M-7.9%	$341.6M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CORN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	N/A	-$39.4M+29.1%	-$55.6M+47.7%	-$106.3M-241.3%	$75.2M+41.5%	$53.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	-$41.8M+51.5%	-$86.2M-129.9%	$288.1M+317.7%	-$132.3M-246.8%	$90.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$125.9M-52.5%	$264.9M-71.7%	$935.2M+214.0%	$297.8M+38.4%	$215.2M

Metric	Q1'26	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	N/A	N/A	N/A	-$1.6M-911.4%	$199K+100.8%	-$25.5M-555.4%	$5.6M+114.6%	-$38.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	$6.9M+126.6%	-$25.8M-97.5%	-$13.1M+63.6%	-$35.9M-172.1%	$49.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$25.3M-47.1%	$47.8M+77.9%	$26.9M-52.4%	$56.4M+46.9%	$38.4M

CORN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	93.0%+2.0pp	91.0%
Return on Equity	N/A	-21.3%+2.1pp	-23.4%-6.6pp	-16.8%-48.0pp	31.2%	N/A
Return on Assets	N/A	-19.8%+2.7pp	-22.5%-7.1pp	-15.5%-46.4pp	30.9%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	N/A	0.08+0.0	0.04-0.0	0.09+0.1	0.01	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	-2.8%	N/A	N/A	79.3%	N/A
Return on Equity	N/A	N/A	N/A	-0.0%+4.5pp	-4.5%+3.9pp	-8.5%-11.3pp	2.8%+11.3pp	-8.5%
Return on Assets	N/A	N/A	N/A	-0.0%+4.1pp	-4.1%+3.8pp	-7.9%-10.6pp	2.7%+10.6pp	-7.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	N/A	N/A	0.08+0.0	0.04-0.1	0.11+0.0	0.07+0.0	0.04-0.0	0.08
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is Teucrium Corn Fund profitable?

No, Teucrium Corn Fund (CORN) reported a net income of -$26.5M in fiscal year 2025.