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GRAYSCALE ETHRM CLSSIC TR (ETCG) Financials

ETCG
FY2025 annual
Revenue Not reported for FY2025
Net Income -$157.1M -639.7% YoY
EPS (Diluted) Not reported for FY2025
Free Cash Flow Not reported for FY2025
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ETCG SEC filings page.

This page shows GRAYSCALE ETHRM CLSSIC TR (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).

Rhea AI ETCG FY2025

The trust’s reported value is driven by asset-price swings, with no liabilities separating portfolio changes from equity.

The trust moved from net income of $335M in FY2021 to a net loss of $220M in FY2022, a reversal that coincided with shrinking reported assets. The same pattern returned by FY2025, when a net loss of $157M accompanied assets of $126M, pointing to portfolio valuation exposure rather than a recurring operating profit engine.

Assets fell from $254M in FY2023 to $126M in FY2025. Because liabilities were reported at $0 in both years, the change passes directly through to equity rather than being cushioned by debt.

Revenue, operating cash flow, and free cash flow are not reported, so conventional sales-growth and cash-conversion analysis cannot explain these results. The meaningful lens is reported net income alongside total assets, not operating margin.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

GRAYSCALE ETHRM CLSSIC TR does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.

Key Financial Metrics

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Earnings & Revenue

Net Income
-$14.1M
YoYn/m
QoQn/m

GRAYSCALE ETHRM CLSSIC TR reported a net loss of $14.1M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Shares Outstanding
14M
YoY0.0%
QoQ0.0%

GRAYSCALE ETHRM CLSSIC TR had 14M shares outstanding in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2026.

Cash & Debt

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Return on Equity
-18.8%
YoY-17.7pp
QoQ+22.2pp

GRAYSCALE ETHRM CLSSIC TR's quarterly ROE was -18.8% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 17.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 22.2 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

ETCG 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.

ETCG quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Income-$14.1Mn/m-$36.6Mn/mN/A$16.6Mn/m-$1.9Mn/m-$94.5M-168.9%N/A-$45.8Mn/m

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

ETCG 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.

ETCG quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$75.3M-59.6%$89.4M-52.6%$126.0M-55.5%$203.2M-8.9%$186.6M-30.6%$188.5M-51.8%$283.1M+11.5%$223.0M+16.6%
Total Liabilities$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m
Total Equity$75.3M-59.6%$89.4M-52.6%$126.0M-55.5%$203.2M-8.9%$186.6M-30.6%$188.5M-51.8%$283.1M+11.5%$223.0M+16.6%

Not reported in any period shown, so not listed: Current Assets, Cash & Equivalents, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.

ETCG 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.

ETCG quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Return on Equity-18.8%-17.7pp-40.9%+9.2ppN/A8.2%+28.7pp-1.1%+44.5pp-50.1%-85.2ppN/A-20.5%+0.1pp
Return on Assets-18.8%-17.7pp-40.9%+9.2ppN/A8.2%+28.7pp-1.1%+44.5pp-50.1%-85.2ppN/A-20.5%+0.1pp
Liabilities-to-Equity0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Debt-to-Equity, Asset Turnover, FCF Margin.

Frequently Asked Questions

Is GRAYSCALE ETHRM CLSSIC TR profitable?

No, GRAYSCALE ETHRM CLSSIC TR (ETCG) reported a net loss of $157.1M in fiscal year 2025.

What is GRAYSCALE ETHRM CLSSIC TR's return on equity (ROE)?

GRAYSCALE ETHRM CLSSIC TR (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 ETHRM CLSSIC TR's total assets?

GRAYSCALE ETHRM CLSSIC TR (ETCG) had $126.0M in total assets as of fiscal year 2025, including both current and long-term assets.

GRAYSCALE ETHRM CLSSIC TR (ETCG) had 14M shares outstanding as of fiscal year 2025.

GRAYSCALE ETHRM CLSSIC TR (ETCG) 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.

GRAYSCALE ETHRM CLSSIC TR (ETCG) had a return on assets of -124.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

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