Invesco DB Oil Fund (DBO) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DBO SEC filings page.
Invesco DB Oil Fund (DBO) reported $9.5M in revenue over the twelve months to Jun 30, 2026, up 0.4% 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).
The fund’s dominant mechanic is a low-liability, asset-value vehicle where portfolio flows matter more than operating earnings.
From FY2024 to FY2025, operating income stayed positive even as operating cash flow swung from$53.0M to-$13.2M , so accounting earnings did not translate into cash that year. The gap, alongside a FY2025 net loss despite positive operating income, suggests non-cash or timing effects dominate the relationship between reported income and cash generation.
Assets fell from
Operating margin stayed above
Financial Health Signals
Invesco DB Oil Fund does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Invesco DB Oil Fund passes 1 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Invesco DB Oil Fund reported a net loss of $19.4M while operations used $13.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Invesco DB Oil Fund earns $210.31 in operating income for every $1 of interest expense ($7.0M vs $33K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Invesco DB Oil Fund generated $2.9M in revenue in Q2 2026. This represents an increase of 49.9% from the same quarter a year earlier. Against the prior quarter it is up 37.4%.
Invesco DB Oil Fund's EBITDA was $2.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 47.3% from the same quarter a year earlier. Against the prior quarter it is up 48.0%.
Invesco DB Oil Fund reported -$19.4M in net income in Q2 2026. This represents a decrease of 40.8% from the same quarter a year earlier. Against the prior quarter it is down 114.5%.
Not reported for Q2 2026.
Cash & Balance Sheet
Invesco DB Oil Fund held $0 in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Invesco DB Oil Fund's operating margin was 81.3% in Q2 2026, reflecting core business profitability. This is down 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.8 percentage points.
Invesco DB Oil Fund's ROE was -9.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 45.8 percentage points.
Not reported for Q2 2026.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Invesco DB Oil Fund spent $135.5M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 420.8% from the same quarter a year earlier. Against the prior quarter it is up 69.4%.
Not reported for Q2 2026.
Not reported for Q2 2026.
DBO 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9M+49.9% | $2.1M+0.4% | $2.1M-18.6% | $2.4M-15.8% | $1.9M-40.0% | $2.1M-36.9% | $2.6M-30.4% | $2.8M-16.7% |
| Operating Income | $2.3M+46.4% | $1.6M-7.1% | $1.7M-21.1% | $2.0M-17.7% | $1.6M-42.0% | $1.7M-40.3% | $2.2M-32.5% | $2.4M-17.4% |
| EBITDA | $2.3M+47.3% | $1.6M+36.4% | $1.7M+19.0% | $2.0M+30.1% | $1.6M-15.0% | $1.2M-33.0% | $1.4M-31.4% | $1.5M-24.1% |
| Interest Expense | $50K+788.7% | $4K-74.8% | $6K-82.0% | $5K-84.0% | $6K-78.4% | $17K-36.1% | $31K+1.1% | $34K+101.2% |
| Net Income | -$19.4M-40.8% | $133.9M+4871.3% | -$12.3M-179.4% | $4.0M+114.9% | -$13.8M-442.7% | $2.7M-90.0% | $15.5M+128.8% | -$26.8M-146.0% |
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).
DBO 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $216.1M-5.5% | $388.5M+91.9% | $204.9M-3.4% | $219.5M-12.1% | $228.6M-3.0% | $202.4M-19.6% | $212.3M-13.5% | $249.8M-10.2% |
| Cash & Equivalents | $0 | $0 | $0-100.0% | $0 | $0 | $0 | $1.0M | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.3M+1332.2% | $23.0M+19735.4% | $725K+457.5% | $130K-99.7% | $367K-61.4% | $116K-21.9% | $130K-88.7% | $39.3M+305.3% |
| Total Equity | $210.8M-7.6% | $365.5M+80.6% | $204.2M-3.7% | $219.4M+4.2% | $228.2M-2.8% | $202.3M-19.6% | $212.1M-13.2% | $210.5M-21.6% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.
DBO 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $133.5M+447.7% | -$26.8M-333.4% | $2.2M-85.2% | $11.5M+553.1% | -$38.4M-284.5% | $11.5M-42.0% | $15.0M+165.7% | -$2.5M-107.9% |
| Depreciation & Amortization | $0+100.0% | $0+100.0% | $0+100.0% | -$1+100.0% | -$10K+98.9% | -$543K+51.6% | -$726K+34.4% | -$893K+2.6% |
| Financing Cash Flow | -$133.5M-447.7% | $26.8M+313.9% | -$2.2M+84.1% | -$11.5M-553.1% | $38.4M+284.5% | -$12.5M+36.7% | -$13.9M-161.1% | $2.5M+107.9% |
| Dividends Paid | N/A | N/A | $7.1M-29.4% | $0 | $0 | $0-100.0% | $10.0M | $0 |
| Share Buybacks | $135.5M+420.8% | $80.0M+167.4% | $29.9M+25.5% | $38.5M+135.4% | $26.0M-13.8% | $29.9M-24.4% | $23.8M-61.9% | $16.3M-78.2% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow.
DBO 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 81.3%-1.9pp | 75.5%-6.1pp | 80.7%-2.6pp | 83.6%-1.9pp | 83.3%-2.7pp | 81.6%-4.6pp | 83.3%-2.5pp | 85.6%-0.7pp |
| Net Margin | -675.5% | 6400.2% | -585.3% | 167.4% | -719.0% | 129.2% | 600.4% | -943.7% |
| Return on Equity | -9.2%-3.2pp | 36.6%+35.3pp | -6.0%-13.4pp | 1.8%+14.5pp | -6.0%-7.8pp | 1.3%-9.3pp | 7.3%+29.4pp | -12.7%-34.4pp |
| Return on Assets | -9.0%-3.0pp | 34.5%+33.1pp | -6.0%-13.3pp | 1.8%+12.6pp | -6.0%-7.7pp | 1.3%-9.3pp | 7.3%+29.3pp | -10.7%-31.6pp |
| Debt-to-Equity | 0.020.0x | 0.06+0.1x | 0.000.0x | 0.00-0.2x | 0.000.0x | 0.000.0x | 0.000.0x | 0.19+0.2x |
| 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, 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 Oil Fund Ranks
Frequently Asked Questions
What is Invesco DB Oil Fund's annual revenue?
Invesco DB Oil Fund (DBO) reported $8.5M in total revenue for fiscal year 2025. This represents a -28.8% 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 Oil Fund's revenue growing?
Invesco DB Oil Fund (DBO) revenue declined by 28.8% year-over-year, from $11.9M to $8.5M in fiscal year 2025.
Is Invesco DB Oil Fund profitable?
No, Invesco DB Oil Fund (DBO) reported a net income of -$19.4M in fiscal year 2025.
What is Invesco DB Oil Fund's EBITDA?
Invesco DB Oil Fund (DBO) had EBITDA of $6.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Invesco DB Oil Fund's operating margin?
Invesco DB Oil Fund (DBO) had an operating margin of 82.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Invesco DB Oil Fund's return on equity (ROE)?
Invesco DB Oil Fund (DBO) has a return on equity of -9.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Invesco DB Oil Fund's operating cash flow?
Invesco DB Oil Fund (DBO) recorded an outflow of $13.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Invesco DB Oil Fund's total assets?
Invesco DB Oil Fund (DBO) had $204.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Invesco DB Oil Fund's debt-to-equity ratio?
Invesco DB Oil Fund (DBO) 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 Oil Fund's return on assets (ROA)?
Invesco DB Oil Fund (DBO) had a return on assets of -9.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Invesco DB Oil Fund's Piotroski F-Score?
Invesco DB Oil Fund (DBO) has a Piotroski F-Score of 1 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.
Are Invesco DB Oil Fund's earnings high quality?
Invesco DB Oil Fund (DBO) reported a net loss of $19.4M while operations used $13.2M of cash. With neither figure positive, 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.
Can Invesco DB Oil Fund cover its interest payments?
Invesco DB Oil Fund (DBO) has an interest coverage ratio of 210.31x, 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.