Invesco DB Base Metals Financials
This page shows Invesco DB Base Metals (DBB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Invesco DB Base Metals has an operating margin of 81.5%, meaning the company retains $82 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 85.1% the prior year.
Invesco DB Base Metals's revenue declined 27.8% year-over-year, from $6.9M to $5.0M. This contraction results in a growth score of 0/100.
Invesco DB Base Metals 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.
Invesco DB Base Metals's ROE of 15.1% shows moderate profitability relative to equity, earning a score of 45/100. This is up from 6.6% the prior year.
Invesco DB Base Metals passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Invesco DB Base Metals generates $-1.82 in operating cash flow (-$55.7M OCF vs $30.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Invesco DB Base Metals earns $2046.8 in operating income for every $1 of interest expense ($4.0M vs $2K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Invesco DB Base Metals generated $5.0M in revenue in fiscal year 2025. This represents a decrease of 27.8% from the prior year.
Invesco DB Base Metals's EBITDA was $3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 24.3% from the prior year.
Invesco DB Base Metals reported $30.6M in net income in fiscal year 2025. This represents an increase of 309.4% from the prior year.
Cash & Balance Sheet
Invesco DB Base Metals held $3.5M in cash against $0 in long-term debt as of fiscal year 2025.
Invesco DB Base Metals had 12M shares outstanding in fiscal year 2025. This represents an increase of 100.0% from the prior year.
Margins & Returns
Invesco DB Base Metals's operating margin was 81.5% in fiscal year 2025, reflecting core business profitability. This is down 3.6 percentage points from the prior year.
Invesco DB Base Metals's net profit margin was 616.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 507.8 percentage points from the prior year.
Invesco DB Base Metals's ROE was 15.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.5 percentage points from the prior year.
Capital Allocation
Invesco DB Base Metals spent $59.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 61.6% from the prior year.
DBB Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3M+6.7% | $1.2M-0.7% | $1.2M+2.7% | $1.2M-20.9% | $1.5M-10.3% | $1.7M-17.3% | $2.0M+26.1% | $1.6M |
| 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 | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $1.0M+3.7% | $995K-3.0% | $1.0M+3.1% | $994K-22.5% | $1.3M-10.7% | $1.4M-16.4% | $1.7M+21.5% | $1.4M |
| Interest Expense | $0 | $0 | $0-100.0% | $2K-8.9% | $2K-20.5% | $3K+0.1% | $3K+17.7% | $2K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $21.6M+212.5% | $6.9M+15746.8% | -$44K-102.1% | $2.1M+130.3% | -$6.9M-445.0% | $2.0M-86.4% | $14.6M+750.2% | -$2.2M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DBB Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $202.8M+60.9% | $126.1M+6.8% | $118.0M-6.8% | $126.6M+6.7% | $118.7M-6.7% | $127.3M-25.4% | $170.5M+36.4% | $125.0M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $3.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | $296K+300.0% | $74K-92.9% | $1.0M-64.0% | $2.9M-51.6% | $5.9M+1805.6% | $312K-73.5% | $1.2M-82.1% | $6.6M |
| 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 | $202.5M+60.8% | $126.0M+7.7% | $117.0M-5.5% | $123.8M+9.8% | $112.7M-11.2% | $126.9M-25.0% | $169.3M+43.0% | $118.4M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DBB Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$51.4M-2414.4% | -$2.0M-130.5% | $6.7M+175.1% | -$8.9M-222.1% | $7.3M-83.5% | $44.4M+222.3% | -$36.3M-2903.8% | $1.3M |
| 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 | $54.9M+2583.3% | $2.0M+130.5% | -$6.7M-175.1% | $8.9M+222.1% | -$7.3M+83.5% | -$44.4M-222.3% | $36.3M+2903.8% | -$1.3M |
| Dividends Paid | $4.9M | N/A | N/A | N/A | $5.4M | $0 | $0-100.0% | $396K |
| Share Buybacks | $24.6M+110.3% | $11.7M-27.7% | $16.2M+143.7% | $6.6M-87.6% | $53.8M+1.5% | $53.0M+24.0% | $42.8M+870.7% | $4.4M |
DBB Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 79.0%-2.3pp | 81.2%-1.9pp | 83.2%+0.3pp | 82.8%-1.7pp | 84.5%-0.4pp | 84.9%+0.9pp | 84.0%-3.2pp | 87.2% |
| Net Margin | 1656.3%+1090.8pp | 565.4%+569.0pp | -3.6%-177.4pp | 173.8%+627.2pp | -453.3%-571.2pp | 117.9%-596.5pp | 714.4%+853.0pp | -138.6% |
| Return on Equity | 10.7%+5.2pp | 5.5%+5.5pp | -0.0%-1.7pp | 1.7%+7.8pp | -6.1%-7.7pp | 1.6%-7.1pp | 8.6%+10.5pp | -1.9% |
| Return on Assets | 10.7%+5.2pp | 5.5%+5.5pp | -0.0%-1.7pp | 1.7%+7.5pp | -5.8%-7.4pp | 1.6%-7.0pp | 8.6%+10.4pp | -1.8% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.01-0.0 | 0.02-0.0 | 0.05+0.1 | 0.000.0 | 0.01-0.0 | 0.06 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
What is Invesco DB Base Metals's annual revenue?
Invesco DB Base Metals (DBB) reported $5.0M in total revenue for fiscal year 2025. This represents a -27.8% 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.
How fast is Invesco DB Base Metals's revenue growing?
Invesco DB Base Metals (DBB) revenue declined by 27.8% year-over-year, from $6.9M to $5.0M in fiscal year 2025.
Is Invesco DB Base Metals profitable?
Yes, Invesco DB Base Metals (DBB) reported a net income of $30.6M in fiscal year 2025, with a net profit margin of 616.5%.
What is Invesco DB Base Metals's EBITDA?
Invesco DB Base Metals (DBB) had EBITDA of $3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Invesco DB Base Metals's operating margin?
Invesco DB Base Metals (DBB) had an operating margin of 81.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Invesco DB Base Metals's net profit margin?
Invesco DB Base Metals (DBB) had a net profit margin of 616.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Invesco DB Base Metals's return on equity (ROE)?
Invesco DB Base Metals (DBB) has a return on equity of 15.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Invesco DB Base Metals's operating cash flow?
Invesco DB Base Metals (DBB) generated -$55.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Invesco DB Base Metals's total assets?
Invesco DB Base Metals (DBB) had $202.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Invesco DB Base Metals's debt-to-equity ratio?
Invesco DB Base Metals (DBB) 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 Invesco DB Base Metals's return on assets (ROA)?
Invesco DB Base Metals (DBB) had a return on assets of 15.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Invesco DB Base Metals's cash runway?
Based on fiscal year 2025 data, Invesco DB Base Metals (DBB) had $3.5M in cash against an annual operating cash burn of $55.7M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Invesco DB Base Metals's Piotroski F-Score?
Invesco DB Base Metals (DBB) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Invesco DB Base Metals's earnings high quality?
Invesco DB Base Metals (DBB) has an earnings quality ratio of -1.82x, 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.
Can Invesco DB Base Metals cover its interest payments?
Invesco DB Base Metals (DBB) has an interest coverage ratio of 2046.8x, 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.
How financially healthy is Invesco DB Base Metals?
Invesco DB Base Metals (DBB) scores 61 out of 100 on our Financial Profile, indicating moderate 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.