VanEck Ethereum ETF (ETHV) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ETHV SEC filings page.
This page shows VanEck Ethereum ETF (ETHV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).
Balance-sheet economics dominate, with a 2025 loss measured against substantial assets and limited liabilities.
The-$33.8M net loss produced negative returns on both asset and equity bases:-19.7% ROA and-18.5% ROE. That alignment suggests the reported loss was large relative to the capital base, rather than merely a small accounting shortfall.
At FY2025 year-end,
The available filing provides no revenue or cash-flow measures, so operating efficiency and cash conversion cannot be assessed from this dataset. The clearest supported reading is a lightly leveraged vehicle whose reported earnings were negative relative to its capital base.
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
VanEck Ethereum ETF 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
Earnings & Revenue
VanEck Ethereum ETF reported -$25.8M in net income in Q2 2026. This represents a decrease of 192.5% from the same quarter a year earlier. Against the prior quarter it is up 42.4%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
VanEck Ethereum ETF 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
VanEck Ethereum ETF's ROE was -14.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 33.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.5 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
ETHV 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, Operating Income, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
ETHV 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 | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $77.8M-34.2% | $106.8M+26.1% | $171.7M+17.3% | $266.0M | $118.3M+1056.2% | $84.7M | $146.4M | $10.2M |
| Cash & Equivalents | $0 | $0 | $0 | $0 | $0 | N/A | $0 | N/A |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | N/A | $0 | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | N/A | $0 | N/A |
| Total Liabilities | -$95.7M-189.7% | -$69.9M-14.8% | $14.1M | $44K | -$33.0M-422.7% | -$60.9M | $0 | $10.2M |
| Total Equity | $173.5M+14.6% | $176.7M+21.4% | $182.7M+32.6% | $265.9M | $151.4M | $145.6M | $137.8M | $0 |
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.
ETHV 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.
Where VanEck Ethereum ETF Ranks
Frequently Asked Questions
Is VanEck Ethereum ETF profitable?
No, VanEck Ethereum ETF (ETHV) reported a net income of -$33.8M in fiscal year 2025.
What is VanEck Ethereum ETF's return on equity (ROE)?
VanEck Ethereum ETF (ETHV) has a return on equity of -18.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What are VanEck Ethereum ETF's total assets?
VanEck Ethereum ETF (ETHV) had $171.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What is VanEck Ethereum ETF's debt-to-equity ratio?
VanEck Ethereum ETF (ETHV) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is VanEck Ethereum ETF's return on assets (ROA)?
VanEck Ethereum ETF (ETHV) had a return on assets of -19.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.