Invesco DB Agriculture Fund (DBA) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DBA SEC filings page.
Invesco DB Agriculture Fund (DBA) reported $37.6M in revenue over the twelve months to Sep 30, 2026, up 8.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
DBA’s reported results behave like an investment vehicle: asset values and investor activity matter more than operating sales or production.
Earnings and operating cash flow move independently: FY2024 showed net income of$210M alongside operating cash flow of$137M , while FY2025 shifted to a net loss of$9.8M despite positive operating cash flow of$38.7M . That gap is more consistent with portfolio valuation changes and fund transactions than with a conventional operating-profit cycle.
Assets contracted from
Liabilities remain small relative to assets: FY2025 liabilities were
Financial Health Signals
We do not publish a peer-relative financial health score for Invesco DB Agriculture Fund, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Invesco DB Agriculture Fund 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, the one computable operating efficiency signal (asset turnover improving) does not pass.
Invesco DB Agriculture Fund reported a net loss of $9.8M while generating $38.7M 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.
Invesco DB Agriculture Fund earns $580.52 in operating income for every $1 of interest expense ($26.4M vs $45K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Invesco DB Agriculture Fund generated $11.8M in revenue in Q3 2026. This represents an increase of 42.6% from the same quarter a year earlier. Against the prior quarter it is up 4.3%.
Invesco DB Agriculture Fund's EBITDA was $9.1M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 37.9% from the same quarter a year earlier. Against the prior quarter it is up 5.3%.
Invesco DB Agriculture Fund reported $59.0M in net income in Q3 2026. This represents an increase of 249.7% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q3 2026.
Cash & Balance Sheet
Invesco DB Agriculture Fund held $0 in cash as of Q3 2026; no long-term debt figure is on record for that period.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Invesco DB Agriculture Fund's operating margin was 77.6% in Q3 2026, reflecting core business profitability. This is down 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.
Invesco DB Agriculture Fund's quarterly ROE was 4.5% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.6 percentage points.
Not reported for Q3 2026.
Not shown for Q3 2026: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Invesco DB Agriculture Fund spent $202.7M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 493.7% from the same quarter a year earlier. Against the prior quarter it is down 56.5%.
Not reported for Q3 2026.
Not reported for Q3 2026.
DBA 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.8M+42.6% | $11.3M+29.3% | $7.0M-18.6% | $7.6M-17.0% | $8.2M-10.4% | $8.7M-14.9% | $8.6M-9.2% | $9.1M-16.4% |
| Operating Income | $9.1M+37.9% | $8.7M+24.6% | $5.4M-19.9% | $6.0M-19.6% | $6.6M-13.3% | $7.0M-18.2% | $6.8M-14.1% | $7.5M-18.3% |
| EBITDA | $9.1M+37.9% | $8.7M+67.3% | $5.4M+33.0% | $6.0M+54.9% | $6.6M+79.3% | $5.2M+19.9% | $4.1M+21.2% | $3.9M-12.0% |
| Interest Expense | $36Kn/m | $60Kn/m | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $45K+13.3% | $47K+19.6% |
| Net Income | $59.0M+249.7% | -$35.5Mn/m | $55.7Mn/m | -$10.3M-121.3% | $16.9M-71.8% | -$5.2Mn/m | -$11.3M-108.7% | $48.2M+352.6% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
DBA 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-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+68.8% | $1.2B+51.7% | $1.2B+48.6% | $725.8M-7.9% | $792.3M+5.3% | $789.7M+11.3% | $819.5M+3.8% | $787.9M+9.6% |
| Cash & Equivalents | $0n/m | $0n/m | $0n/m | $0-100.0% | $0 | $0 | $0 | $13.5M+185.4% |
| Total Liabilities | $20.2M+3802.5% | $44.8M+4100.9% | $590K+1.7% | $3.0M+470.4% | $517K-96.3% | $1.1M+114.6% | $580K+13.8% | $533K-96.4% |
| Total Equity | $1.3B+66.4% | $1.2B+46.2% | $1.2B+48.6% | $722.8M-8.2% | $791.8M+7.2% | $788.6M+11.2% | $818.9M+3.8% | $787.4M+11.8% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.
DBA 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$114.2M-933.8% | $23.0M-8.3% | -$435.9Mn/m | $56.2M+339.9% | $13.7M-55.0% | $25.1M-52.6% | -$56.3M-236.4% | $12.8M-90.1% |
| Depreciation & Amortization | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | -$1.8Mn/m | -$2.7Mn/m | -$3.6Mn/m |
| Financing Cash Flow | $114.2Mn/m | -$23.0Mn/m | $435.9M+918.9% | -$56.2M-8087.1% | -$13.7Mn/m | -$25.1Mn/m | $42.8Mn/m | $703Kn/m |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $31.8M |
| Share Buybacks | $202.7M+493.7% | $465.6M+520.2% | $44.8M-17.3% | $39.5M+99.6% | $34.1M-16.0% | $75.1M-40.6% | $54.2M-7.3% | $19.8M-84.6% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow.
DBA 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-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 77.6%-2.7pp | 77.0%-2.9pp | 77.9%-1.3pp | 79.4%-2.5pp | 80.3%-2.7pp | 79.8%-3.3pp | 79.2%-4.5pp | 81.9%-1.9pp |
| Net Margin | 501.8% | -315.0% | 797.2% | -136.0% | 204.7% | -59.5% | -131.2% | 528.9% |
| Return on Equity | 4.5%+2.4pp | -3.1%-2.4pp | 4.6%+5.9pp | -1.4%-7.5pp | 2.1%-6.0pp | -0.7%+3.1pp | -1.4%-17.7pp | 6.1%+4.6pp |
| Return on Assets | 4.4%+2.3pp | -3.0%-2.3pp | 4.6%+5.9pp | -1.4%-7.5pp | 2.1%-5.8pp | -0.7%+3.1pp | -1.4%-17.7pp | 6.1%+4.6pp |
| Liabilities-to-Equity | 0.020.0x | 0.040.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio, Debt-to-Equity, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Where Invesco DB Agriculture Fund Ranks
Frequently Asked Questions
Invesco DB Agriculture Fund (DBA) reported $33.1M in total revenue for fiscal year 2025. This represents a -12.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Invesco DB Agriculture Fund (DBA) revenue declined by 12.9% year-over-year, from $38.0M to $33.1M in fiscal year 2025.
Yes, Invesco DB Agriculture Fund (DBA) reported a net income of $68.9M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net loss of $9.8M, with a net profit margin of -29.7%.
Invesco DB Agriculture Fund (DBA) had EBITDA of $21.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Invesco DB Agriculture Fund (DBA) had an operating margin of 79.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Invesco DB Agriculture Fund (DBA) had a net profit margin of -29.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Invesco DB Agriculture Fund (DBA) has a return on equity of -1.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Invesco DB Agriculture Fund (DBA) generated $38.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Invesco DB Agriculture Fund (DBA) had $725.8M in total assets as of fiscal year 2025, including both current and long-term assets.
Invesco DB Agriculture Fund (DBA) had a liabilities-to-equity ratio of 0.00 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
Invesco DB Agriculture Fund (DBA) had a return on assets of -1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Invesco DB Agriculture Fund (DBA) 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.
Invesco DB Agriculture Fund (DBA) reported a net loss of $9.8M while generating $38.7M 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.
Invesco DB Agriculture Fund (DBA) has an interest coverage ratio of 580.52x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.