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Invesco DB Energy Financials

DBE
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Invesco DB Energy (DBE) 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

Profitability Growth Leverage Liquidity Cash Flow Returns 51 / 100
Financial Profile 51/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
100

Invesco DB Energy has an operating margin of 82.8%, meaning the company retains $83 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 85.4% the prior year.

Growth
0

Invesco DB Energy's revenue declined 42.8% year-over-year, from $3.6M to $2.1M. This contraction results in a growth score of 0/100.

Leverage
100

Invesco DB Energy carries a low D/E ratio of 0.02, meaning only $0.02 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.

Returns
5

Invesco DB Energy generates a -2.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 5/100. This is down from 5.2% the prior year.

Piotroski F-Score Weak
3/9

Invesco DB Energy passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed
-3.11x

For every $1 of reported earnings, Invesco DB Energy generates $-3.11 in operating cash flow ($3.5M OCF vs -$1.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe
461.1x

Invesco DB Energy earns $461.1 in operating income for every $1 of interest expense ($1.7M vs $4K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.1M
YoY-42.8%
5Y CAGR+47.4%
10Y CAGR+46.5%

Invesco DB Energy generated $2.1M in revenue in fiscal year 2025. This represents a decrease of 42.8% from the prior year.

EBITDA
$1.5M
YoY+8.2%

Invesco DB Energy's EBITDA was $1.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.2% from the prior year.

Net Income
-$1.1M
YoY-146.4%

Invesco DB Energy reported -$1.1M in net income in fiscal year 2025. This represents a decrease of 146.4% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$0
YoY-100.0%

Invesco DB Energy held $0 in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
2M
YoY-17.5%
5Y CAGR-15.0%
10Y CAGR-11.5%

Invesco DB Energy had 2M shares outstanding in fiscal year 2025. This represents a decrease of 17.5% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
82.8%
YoY-2.6pp
5Y CAGR+111.8pp
10Y CAGR+2250.6pp

Invesco DB Energy's operating margin was 82.8% in fiscal year 2025, reflecting core business profitability. This is down 2.6 percentage points from the prior year.

Net Margin
-54.7%
YoY-122.2pp
5Y CAGR+4077.0pp
10Y CAGR+112422.9pp

Invesco DB Energy's net profit margin was -54.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 122.2 percentage points from the prior year.

Return on Equity
-2.8%
YoY-7.9pp
5Y CAGR+18.2pp
10Y CAGR+51.9pp

Invesco DB Energy's ROE was -2.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 7.9 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$23.4M
YoY-45.3%
5Y CAGR-16.5%
10Y CAGR-9.3%

Invesco DB Energy spent $23.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 45.3% from the prior year.

Capital Expenditures
N/A

DBE Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $461K-14.9% $542K+5.9% $511K-7.9% $555K-9.7% $615K-18.2% $752K-31.8% $1.1M-3.8% $1.1M
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 $380K-15.6% $451K+6.3% $424K-7.2% $457K-11.2% $515K-19.3% $638K-32.6% $947K-4.2% $988K
Interest Expense $1 $0-100.0% $443-86.5% $3K-48.0% $6K-16.8% $8K+31.3% $6K-33.6% $9K
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income -$2.1M-323.5% $924K+134.5% -$2.7M-199.7% $2.7M-8.7% $2.9M+143.4% -$6.8M-1424.8% -$446K-106.6% $6.7M
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

DBE Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $41.9M-13.3% $48.4M-7.4% $52.3M-6.4% $55.9M+18.2% $47.3M-5.8% $50.1M-32.7% $74.5M-18.6% $91.4M
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $0 $0 $0 $0-100.0% $648K $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 $899K+2691.3% $32K-46.2% $60K+65.0% $36K+7.5% $34K-4.6% $35K-91.0% $391K+575.7% $58K
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 $41.0M-15.1% $48.4M-7.3% $52.2M-6.5% $55.8M+18.2% $47.2M-5.8% $50.1M-32.4% $74.1M-18.9% $91.4M
Retained Earnings N/A N/A N/A N/A N/A N/A N/A N/A

DBE Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $4.4M-8.0% $4.8M+406.3% $940K+114.3% -$6.6M-201.1% $6.5M-62.3% $17.2M+2.0% $16.9M+266.2% -$10.1M
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 -$4.4M+8.0% -$4.8M-406.3% -$940K-115.9% $5.9M+201.2% -$5.8M+66.1% -$17.2M-2.0% -$16.9M-266.2% $10.1M
Dividends Paid $1.6M $0 $0 $0-100.0% $3.0M $0 $0-100.0% $630K
Share Buybacks $5.6M+16.9% $4.8M-48.6% $9.3M+143.8% $3.8M+33.6% $2.8M-84.4% $18.2M+8.2% $16.9M+247.8% $4.8M

DBE 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 82.5%-0.7pp 83.3%+0.3pp 83.0%+0.6pp 82.3%-1.4pp 83.7%-1.2pp 84.9%-1.0pp 85.9%-0.3pp 86.2%
Net Margin -448.1%-618.7pp 170.6%+694.7pp -524.1%-1008.1pp 484.0%+5.0pp 479.0%+1382.6pp -903.6%-863.2pp -40.4%-627.6pp 587.2%
Return on Equity -5.0%-6.9pp 1.9%+7.0pp -5.1%-10.0pp 4.8%-1.4pp 6.2%+19.8pp -13.6%-13.0pp -0.6%-8.0pp 7.4%
Return on Assets -4.9%-6.8pp 1.9%+7.0pp -5.1%-9.9pp 4.8%-1.4pp 6.2%+19.8pp -13.6%-13.0pp -0.6%-8.0pp 7.4%
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 0.02+0.0 0.000.0 0.000.0 0.000.0 0.000.0 0.000.0 0.010.0 0.00
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Frequently Asked Questions

Invesco DB Energy (DBE) reported $2.1M in total revenue for fiscal year 2025. This represents a -42.8% 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 Energy (DBE) revenue declined by 42.8% year-over-year, from $3.6M to $2.1M in fiscal year 2025.

No, Invesco DB Energy (DBE) reported a net income of -$1.1M in fiscal year 2025, with a net profit margin of -54.7%.

Invesco DB Energy (DBE) had EBITDA of $1.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Invesco DB Energy (DBE) had an operating margin of 82.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Invesco DB Energy (DBE) had a net profit margin of -54.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Invesco DB Energy (DBE) has a return on equity of -2.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Invesco DB Energy (DBE) generated $3.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Invesco DB Energy (DBE) had $41.9M in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Invesco DB Energy (DBE) spent $23.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Invesco DB Energy (DBE) had 2M shares outstanding as of fiscal year 2025.

Invesco DB Energy (DBE) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Invesco DB Energy (DBE) had a return on assets of -2.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Invesco DB Energy (DBE) has a Piotroski F-Score of 3 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.

Invesco DB Energy (DBE) has an earnings quality ratio of -3.11x, considered mixed quality. 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 Energy (DBE) has an interest coverage ratio of 461.1x, 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.

Invesco DB Energy (DBE) scores 51 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.

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