Grayscale Ethereum Classic Trust Financials

ETCG

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

This page shows Grayscale Ethereum Classic Trust (ETCG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$157.1M

YoY-639.7%

Grayscale Ethereum Classic Trust reported -$157.1M in net income in fiscal year 2025. This represents a decrease of 639.7% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-124.6%

YoY-134.9pp

Grayscale Ethereum Classic Trust's ROE was -124.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 134.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

ETCG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	-$157.1M-639.7%	$29.1M-56.3%	$66.6M+130.3%	-$220.1M-165.7%	$335.1M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	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	N/A	$16.6M+952.6%	-$1.9M+97.9%	-$94.5M	N/A	-$45.8M+62.6%	-$122.4M-189.2%	$137.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ETCG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$126.0M-55.5%	$283.1M+11.5%	$254.0M+35.6%	$187.3M-54.0%	$407.5M
Current Assets	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$0	$0	$0	$0	$0
Current Liabilities	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$126.0M-55.5%	$283.1M+11.5%	$254.0M+35.6%	$187.3M-54.0%	$407.5M
Retained Earnings	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$126.0M-38.0%	$203.2M+8.9%	$186.6M-1.0%	$188.5M-33.4%	$283.1M+27.0%	$223.0M-17.0%	$268.7M-31.3%	$391.1M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	$0	$0	$0	$0	$0	$0	$0	$0
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	$126.0M-38.0%	$203.2M+8.9%	$186.6M-1.0%	$188.5M-33.4%	$283.1M+27.0%	$223.0M-17.0%	$268.7M-31.3%	$391.1M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ETCG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	-124.6%-134.9pp	10.3%-16.0pp	26.2%+143.8pp	-117.5%-199.8pp	82.3%
Return on Assets	-124.6%-134.9pp	10.3%-16.0pp	26.2%+143.8pp	-117.5%-199.8pp	82.3%
Current Ratio	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	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A

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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	8.2%+9.2pp	-1.1%+49.1pp	-50.1%	N/A	-20.5%+25.0pp	-45.6%-80.6pp	35.1%
Return on Assets	N/A	8.2%+9.2pp	-1.1%+49.1pp	-50.1%	N/A	-20.5%+25.0pp	-45.6%-80.6pp	35.1%
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	0.000.0	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is Grayscale Ethereum Classic Trust profitable?

No, Grayscale Ethereum Classic Trust (ETCG) reported a net income of -$157.1M in fiscal year 2025.

What is Grayscale Ethereum Classic Trust's return on equity (ROE)?

Grayscale Ethereum Classic Trust (ETCG) has a return on equity of -124.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What are Grayscale Ethereum Classic Trust's total assets?

Grayscale Ethereum Classic Trust (ETCG) had $126.0M in total assets as of fiscal year 2025, including both current and long-term assets.

What is Grayscale Ethereum Classic Trust's debt-to-equity ratio?

Grayscale Ethereum Classic Trust (ETCG) 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 Grayscale Ethereum Classic Trust's return on assets (ROA)?

Grayscale Ethereum Classic Trust (ETCG) had a return on assets of -124.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.