Source SEC Filings (10-K/10-Q)Latest period Q2 FY2026, ended Jun 30, 2026ReportedCurrency USDFYE December
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026.
Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ETHA SEC filings page.
This page shows iShares Ethereum Trust ETF (ETHA) 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).
Rhea AIETHAFY2025
The reported figures describe an investment vehicle whose results are shaped by portfolio valuation and investor flows, not operating revenue.
In FY2025, a net loss of $2.3B occurred alongside operating cash outflow of $8.9B, while financing provided almost the same amount; this combination indicates that reported cash movement was dominated by fund activity rather than business earnings. The sharp shift from FY2024 net income of $34.4M to FY2025 loss also shows why the income statement is not a clean measure of recurring operations for this structure.
The share count increased from 170.7M to 441.5M across the reported periods, while financing supplied $8.9B in FY2025. That pairing is consistent with substantial investor subscriptions or redemptions affecting the trust’s reported cash flows, rather than ordinary operating sales.
The trust reports no revenue, assets, liabilities, or operating margins in these fields, so conventional business analysis cannot explain its results. Its reported performance is better understood through portfolio-value changes and capital flows than through profitability or operating efficiency.
Financial Health Signals
Financial health score not available
iShares Ethereum Trust ETF 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.
Earnings QualityNo Cash Backing
N/A
iShares Ethereum Trust ETF reported a net loss of $2.3B while operations used $8.9B of cash. With neither figure positive, the ratio between the two carries no quality signal.
iShares Ethereum Trust ETF reported a net loss of $1.5B in Q2 2026. This represents a decrease of 297.8% from the same quarter a year earlier. 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
385M
YoY-3.8%
QoQ-6.9%
iShares Ethereum Trust ETF had 385M shares outstanding in Q2 2026. This represents a decrease of 3.8% from the same quarter a year earlier. Against the prior quarter it is down 6.9%.
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
None of these metrics is reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
ETHA 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.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, EBITDA, Interest Expense, Income Tax, EPS (Diluted), Diluted Shares (Avg).
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, EBITDA, Interest Expense, Income Tax, EPS (Diluted), Diluted Shares (Avg).
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ETHA 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.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No, iShares Ethereum Trust ETF (ETHA) reported a net loss of $2.3B in fiscal year 2025.
What is iShares Ethereum Trust ETF's operating cash flow?
iShares Ethereum Trust ETF (ETHA) recorded an outflow of $8.9B in operating cash flow during fiscal year 2025, representing cash used by core business activities.
How many shares does iShares Ethereum Trust ETF have outstanding?
iShares Ethereum Trust ETF (ETHA) had 441M shares outstanding as of fiscal year 2025.
Are iShares Ethereum Trust ETF's earnings high quality?
iShares Ethereum Trust ETF (ETHA) reported a net loss of $2.3B while operations used $8.9B 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.
