Hashdex Bitcoin ETF Financials
This page shows Hashdex Bitcoin ETF (DEFI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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
Hashdex Bitcoin ETF 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).
For every $1 of reported earnings, Hashdex Bitcoin ETF generates $-0.34 in operating cash flow (-$3.6M OCF vs $10.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Hashdex Bitcoin ETF reported $10.6M in net income in fiscal year 2024. This represents an increase of 643.6% from the prior year.
Hashdex Bitcoin ETF held $30K in cash against $0 in long-term debt as of fiscal year 2024.
Hashdex Bitcoin ETF had 140,000 shares outstanding in fiscal year 2024. This represents an increase of 180.0% from the prior year.
Hashdex Bitcoin ETF's ROE was 71.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 15.2 percentage points from the prior year.
Hashdex Bitcoin ETF spent $18.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 5481.1% from the prior year.
DEFI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $8.0M | N/A |
| 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 | $918K-77.0% | $4.0M+333.2% | -$1.7M | N/A | $337K+116.9% | -$2.0M-125.0% | $8.0M | N/A |
| Interest Expense | $40 | N/A | N/A | N/A | $545 | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $908K-77.2% | $4.0M+330.0% | -$1.7M | N/A | $314K+115.5% | -$2.0M-125.5% | $7.9M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DEFI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.5M+6.2% | $14.6M+11.6% | $13.1M-11.7% | $14.9M+58.0% | $9.4M-14.3% | $11.0M-3.7% | $11.4M+339.4% | $2.6M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $61K-18.5% | $74K+10189.5% | $724-97.6% | $30K+139.1% | $12K-79.7% | $61K-74.2% | $238K-87.3% | $1.9M |
| 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 | $3K+12.7% | $3K-2.8% | $3K-75.3% | $12K+76.9% | $7K-60.6% | $17K-49.0% | $33K-38.8% | $53K |
| 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 | $15.5M+6.2% | $14.6M+11.6% | $13.1M-11.7% | $14.8M+58.0% | $9.4M-14.2% | $10.9M-3.5% | $11.3M+347.4% | $2.5M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DEFI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$14K-100.5% | $2.5M+8875.1% | -$29K+97.3% | -$1.1M-159.1% | $1.8M+201.3% | -$1.8M+28.2% | -$2.5M-465.3% | $686K |
| 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 | $0 | N/A | N/A | $1.1M+158.5% | -$1.9M-215.3% | $1.6M+85.3% | $876K+875707.0% | -$100 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | N/A | N/A | $0-100.0% | $1.9M | $0-100.0% | $16.2M+16213918.0% | $100 |
DEFI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | 100.0% | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | 99.3% | N/A |
| Return on Equity | 5.8%-21.4pp | 27.3% | N/A | N/A | 3.3% | N/A | 69.9% | N/A |
| Return on Assets | 5.8%-21.4pp | 27.3%+40.5pp | -13.2% | N/A | 3.3%+21.8pp | -18.4%-88.2pp | 69.7% | N/A |
| 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 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00-0.0 | 0.02 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is Hashdex Bitcoin ETF profitable?
Yes, Hashdex Bitcoin ETF (DEFI) reported a net income of $10.6M in fiscal year 2024.
What is Hashdex Bitcoin ETF's return on equity (ROE)?
Hashdex Bitcoin ETF (DEFI) has a return on equity of 71.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Hashdex Bitcoin ETF's operating cash flow?
Hashdex Bitcoin ETF (DEFI) generated -$3.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Hashdex Bitcoin ETF's total assets?
Hashdex Bitcoin ETF (DEFI) had $14.9M in total assets as of fiscal year 2024, including both current and long-term assets.
Does Hashdex Bitcoin ETF buy back shares?
Yes, Hashdex Bitcoin ETF (DEFI) spent $18.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Hashdex Bitcoin ETF have outstanding?
Hashdex Bitcoin ETF (DEFI) had 140,000 shares outstanding as of fiscal year 2024.
What is Hashdex Bitcoin ETF's debt-to-equity ratio?
Hashdex Bitcoin ETF (DEFI) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hashdex Bitcoin ETF's return on assets (ROA)?
Hashdex Bitcoin ETF (DEFI) had a return on assets of 71.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Hashdex Bitcoin ETF's cash runway?
Based on fiscal year 2024 data, Hashdex Bitcoin ETF (DEFI) had $30K in cash against an annual operating cash burn of $3.6M. This gives an estimated cash runway of approximately 0 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 Hashdex Bitcoin ETF's Piotroski F-Score?
Hashdex Bitcoin ETF (DEFI) 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 Hashdex Bitcoin ETF's earnings high quality?
Hashdex Bitcoin ETF (DEFI) has an earnings quality ratio of -0.34x, 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.