VanEck Ethereum ETF Financials
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).
Financial Health Signals
We are recalculating VanEck Ethereum ETF's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Key Financial Metrics
Earnings & Revenue
VanEck Ethereum ETF reported -$33.8M in net income in fiscal year 2025.
Cash & Balance Sheet
VanEck Ethereum ETF held $0 in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
VanEck Ethereum ETF's ROE was -18.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
ETHV Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q2'24 |
|---|---|---|---|---|---|---|
| Revenue | 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 |
| Gross Profit | 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 |
| SG&A Expenses | 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 |
| Interest Expense | 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 |
| Net Income | -$44.8M | N/A | N/A | -$69.5M | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A |
ETHV Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q2'24 |
|---|---|---|---|---|---|---|
| Total Assets | $106.8M-37.8% | $171.7M-35.4% | $266.0M+214.2% | $84.7M-42.2% | $146.4M+1330.7% | $10.2M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $0 | $0 | $0 | N/A | $0 | N/A |
| Inventory | 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 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | -$69.9M-594.7% | $14.1M+32152.7% | $44K+100.1% | -$60.9M | $0-100.0% | $10.2M |
| Current Liabilities | 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 |
| Total Equity | $176.7M-3.3% | $182.7M-31.3% | $265.9M+82.7% | $145.6M+5.6% | $137.8M | $0 |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A |
ETHV Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q2'24 |
|---|---|---|---|---|---|---|
| Gross Margin | 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 |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -25.3% | N/A | N/A | -47.8% | N/A | N/A |
| Return on Assets | -41.9% | N/A | N/A | -82.1% | N/A | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | -0.40-0.5 | 0.08+0.1 | 0.00+0.4 | -0.42-0.4 | 0.00 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A |
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.