Invesco DB Base Metals Fund (DBB) 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 DBB SEC filings page.
Invesco DB Base Metals Fund (DBB) reported $9.8M in revenue over the twelve months to Sep 30, 2026, up 90.3% 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).
The fund’s reported results reflect changing portfolio values and investor flows, not the economics of a conventional operating company.
FY2025 earnings and cash movement point in different directions: reported net income was$30.6M , while operating cash flow was-$55.7M and financing cash flow was$59.2M . That combination suggests the reported profit does not map neatly to cash generated by ongoing operations; fund subscriptions, redemptions, and portfolio transactions are more informative than operating profit alone.
Fund size was highly variable: total assets fell from
The balance sheet is lightly encumbered: FY2025 total liabilities were only
Financial Health Signals
We do not publish a peer-relative financial health score for Invesco DB Base Metals Fund, because the score only covers companies whose filings and listing give us what it needs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 Base Metals Fund passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) does not pass.
For every $1 of reported earnings, Invesco DB Base Metals Fund used $1.82 of operating cash (-$55.7M OCF vs $30.6M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Invesco DB Base Metals Fund earns $2,046.79 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 Fund generated $3.2M in revenue in Q3 2026. This represents an increase of 163.2% from the same quarter a year earlier. Against the prior quarter it is up 6.9%.
Invesco DB Base Metals Fund's EBITDA was $2.6M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 160.5% from the same quarter a year earlier. Against the prior quarter it is up 8.4%.
Invesco DB Base Metals Fund reported $17.7M in net income in Q3 2026. This represents an increase of 155.1% from the same quarter a year earlier. Against the prior quarter it is up 287.5%.
Not reported for Q3 2026.
Cash & Balance Sheet
Invesco DB Base Metals 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 Base Metals Fund's operating margin was 80.4% in Q3 2026, reflecting core business profitability. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.
Invesco DB Base Metals Fund's quarterly ROE was 5.1% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.8 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 Base Metals Fund spent $61.5M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 425.3% from the same quarter a year earlier. Against the prior quarter it is up 12.0%.
Not reported for Q3 2026.
Not reported for Q3 2026.
DBB 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 | $3.2M+163.2% | $3.0M+144.5% | $2.3M+91.9% | $1.3M-13.9% | $1.2M-27.6% | $1.2M-39.7% | $1.2M-26.0% | $1.5M-22.6% |
| Operating Income | $2.6M+160.5% | $2.4M+133.0% | $1.8M+83.0% | $1.0M-19.6% | $995K-30.8% | $1.0M-40.3% | $994K-29.7% | $1.3M-24.9% |
| EBITDA | $2.6M+160.5% | $2.4M+256.3% | $1.8M+301.1% | $1.0M+92.3% | $995K+128.7% | $671K-24.0% | $454K-33.3% | $537K-43.5% |
| Interest Expense | $19Kn/m | $24Kn/m | $87-95.6% | $0-100.0% | $0-100.0% | $0-100.0% | $2K-14.6% | $2K-11.9% |
| Net Income | $17.7M+155.1% | $4.6Mn/m | $499K-76.1% | $21.6Mn/m | $6.9M+247.2% | -$44K-100.3% | $2.1Mn/m | -$6.9M-381.2% |
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).
DBB 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 | $352.2M+179.4% | $365.0M+209.2% | $298.7M+135.9% | $202.8M+70.9% | $126.1M-0.9% | $118.0M-30.8% | $126.6M+1.3% | $118.7M-6.6% |
| Cash & Equivalents | $0n/m | $6.0Mn/m | $0n/m | $3.5Mn/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $8.2M+11029.8% | $17.1M+1552.1% | $8.0M+176.3% | $296K-95.0% | $74K-76.3% | $1.0M-11.9% | $2.9M-56.1% | $5.9M+8.3% |
| Total Equity | $344.0M+173.1% | $347.9M+197.3% | $290.8M+135.0% | $202.5M+79.6% | $126.0M-0.8% | $117.0M-30.9% | $123.8M+4.5% | $112.7M-7.3% |
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.
DBB 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 | $23.9Mn/m | -$52.7M-885.2% | -$94.7Mn/m | -$51.4M-803.8% | -$2.0M-104.6% | $6.7Mn/m | -$8.9M-789.5% | $7.3M-78.2% |
| Depreciation & Amortization | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | -$355Kn/m | -$541Kn/m | -$747Kn/m |
| Financing Cash Flow | -$29.9M-1560.4% | $58.6Mn/m | $91.3M+922.7% | $54.9Mn/m | $2.0Mn/m | -$6.7M-118.5% | $8.9Mn/m | -$7.3Mn/m |
| Dividends Paid | N/A | N/A | N/A | $4.9M-8.7% | N/A | N/A | N/A | $5.4M |
| Share Buybacks | $61.5M+425.3% | $54.9M+238.9% | $49.5M+644.5% | $24.6M-54.2% | $11.7M-77.9% | $16.2M-62.1% | $6.6M+50.9% | $53.8M+4.6% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow.
DBB 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 | 80.4%-0.8pp | 79.3%-3.9pp | 79.0%-3.9pp | 79.0%-5.6pp | 81.2%-3.7pp | 83.2%-0.8pp | 82.8%-4.4pp | 84.5%-2.5pp |
| Net Margin | 548.1% | 151.2% | 21.7% | 1656.3% | 565.4% | -3.6% | 173.8% | -453.3% |
| Return on Equity | 5.1%-0.4pp | 1.3%+1.4pp | 0.2%-1.5pp | 10.7%+16.8pp | 5.5%+3.9pp | 0.0%-8.7pp | 1.7%+3.6pp | -6.1%-8.1pp |
| Return on Assets | 5.0%-0.5pp | 1.3%+1.3pp | 0.2%-1.5pp | 10.7%+16.5pp | 5.5%+3.9pp | 0.0%-8.6pp | 1.7%+3.5pp | -5.8%-7.7pp |
| Liabilities-to-Equity | 0.020.0x | 0.050.0x | 0.030.0x | 0.00-0.1x | 0.000.0x | 0.010.0x | 0.020.0x | 0.050.0x |
| 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 Base Metals Fund Ranks
Frequently Asked Questions
Invesco DB Base Metals Fund (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.
Invesco DB Base Metals Fund (DBB) revenue declined by 27.8% year-over-year, from $6.9M to $5.0M in fiscal year 2025.
Yes, Invesco DB Base Metals Fund (DBB) reported a net income of $44.4M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $30.6M.
Invesco DB Base Metals Fund (DBB) had EBITDA of $3.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Invesco DB Base Metals Fund (DBB) had an operating margin of 81.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Invesco DB Base Metals Fund (DBB) has a return on equity of 15.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Invesco DB Base Metals Fund (DBB) recorded an outflow of $55.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Invesco DB Base Metals Fund (DBB) had $202.8M in total assets as of fiscal year 2025, including both current and long-term assets.
Invesco DB Base Metals Fund (DBB) 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 Base Metals Fund (DBB) had a return on assets of 15.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Invesco DB Base Metals Fund (DBB) has a Piotroski F-Score of 2 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.
For every $1 of reported earnings, Invesco DB Base Metals Fund (DBB) used $1.82 of operating cash (-$55.7M OCF vs $30.6M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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 Base Metals Fund (DBB) has an interest coverage ratio of 2,046.79x, 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.