ETHZilla Corporation (ETHZ) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ETHZ SEC filings page.
ETHZilla Corporation (ETHZ) reported $6.5M in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
Financing-supported investment sits beside thin near-term liquidity and losses far above reported revenue
Cash conversion diverged sharply from accounting results in FY2025: net loss reached-$450.5M while operating cash flow was-$26.1M , indicating that substantial reported loss was not an immediate operating cash outflow. Capital expenditures of$244.3M then pushed free cash flow to-$270.3M , making reinvestment the main cash-use mechanism.
Reported leverage remained low at 0.3x debt-to-equity with positive equity of
SG&A of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of ETHZilla Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
ETHZilla Corporation held $16.8M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $26.1M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and ETHZilla Corporation scores 25/100 among other emerging companies.
ETHZilla Corporation had 19M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and ETHZilla Corporation scores 2/100 among other emerging companies.
Not available for ETHZilla Corporation, and counted as zero in the overall score.
Not available for ETHZilla Corporation, and counted as zero in the overall score.
ETHZilla Corporation's operations used $26.1M of cash in fiscal year 2025, against $1.2M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and ETHZilla Corporation scores 14/100 among other emerging companies.
ETHZilla Corporation's cash, cash equivalents and investments came to $16.8M at the end of fiscal year 2025, against $66.9M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and ETHZilla Corporation scores 30/100 among other emerging companies.
ETHZilla Corporation scores -4.70, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($67.1M) relative to total liabilities ($66.9M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
ETHZilla Corporation passes 1 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
ETHZilla Corporation reported a net loss of $450.5M while operations used $26.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
ETHZilla Corporation generated $2.9M in revenue in Q1 2026.
ETHZilla Corporation's EBITDA was -$4.2M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization.
ETHZilla Corporation reported -$76.3M in net income in Q1 2026. This represents a decrease of 3119.2% from the same quarter a year earlier.
Cash & Balance Sheet
ETHZilla Corporation recorded an outflow of $37.3M in free cash flow in Q1 2026, representing a cash shortfall after capex. Against the prior quarter it is down 342.1%.
ETHZilla Corporation held $65.9M in cash as of Q1 2026; long-term debt is not reported for that period.
Not reported for Q1 2026.
Margins & Returns
ETHZilla Corporation's ROE was -45.3% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 14.6 percentage points from the same quarter a year earlier.
Not reported for Q1 2026.
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
ETHZilla Corporation invested $16.8M in capex in Q1 2026, funding long-term assets and infrastructure. Against the prior quarter it is up 2014.4%.
Not reported for Q1 2026.
Not reported for Q1 2026.
ETHZ 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.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9M | N/A | $4.1M | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | $182K+53.4% | $241K-34.0% | N/A | $252K-74.1% | $119K-84.9% |
| SG&A Expenses | $7.5M+280.9% | N/A | $224.6M+37574.5% | $1.4M-11.7% | $2.0M+26.4% | N/A | $596K-75.5% | $1.6M-42.3% |
| Operating Income | -$4.6M-135.5% | N/A | -$220.5M-36885.0% | -$1.7M+6.3% | -$2.0M+6.0% | N/A | -$596K+83.2% | -$1.8M+49.9% |
| EBITDA | -$4.2M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $1.0M+39285.6% | N/A | $320K | $3K-76.5% | $3K-84.6% | N/A | $0-100.0% | $11K-2.1% |
| Net Income | -$76.3M-3119.2% | N/A | -$216.7M-25803.8% | -$1.7M-14755.8% | -$2.4M-121.5% | N/A | -$837K+91.8% | $12K+100.3% |
| EPS (Basic) | -$3.64+34.3% | N/A | -$16.80-209.4% | -$0.30-3100.0% | -$5.54-229.8% | N/A | -$5.43+77.9% | $0.01+100.1% |
| EPS (Diluted) | -$3.64 | N/A | -$16.80 | -$0.30 | -$5.54 | N/A | -$5.43 | $0.01 |
| Diluted Shares (Avg) | 21M | N/A | 12M | 6M | 353,933 | N/A | 98,064 | 919,141 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Income Tax.
ETHZ 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 | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $207.6M+1681.9% | $306.3M+2299.7% | $1.0B+9540.2% | $10.7M+173.9% | $11.7M+238.5% | $12.8M+142.7% | $10.5M+111.2% | $3.9M-71.4% |
| Current Assets | $82.5M+1948.4% | $13.6M+163.9% | $561.9M+45759.1% | $3.1M+31.7% | $4.0M+117.2% | $5.1M+41.3% | $1.2M-63.6% | $2.3M-20.0% |
| Cash & Equivalents | $65.9M+1692.4% | $8.0M+75.6% | $53.3M+35407.2% | $2.2M+93.5% | $3.7M+444.0% | $4.6M+167.7% | $150K-94.4% | $1.1M-42.9% |
| Accounts Receivable | $375K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $39.3M+895.5% | $66.9M+1804.3% | $564.2M+8275.4% | $5.3M+23.2% | $3.9M-10.3% | $3.5M-34.8% | $6.7M+31.9% | $4.3M-37.7% |
| Current Liabilities | $13.3M+238.0% | $40.9M+1067.7% | $55.8M+773.9% | $5.3M+32.8% | $3.9M-3.4% | $3.5M-30.8% | $6.4M+32.8% | $4.0M-6.0% |
| Non-Current Liabilities | $25.9M+757564.2% | $25.9M+370614.3% | $508.4M+144224.8% | $0-100.0% | $3K-98.9% | $7K-97.8% | $352K+17.2% | $313K-88.3% |
| Total Equity | $168.3M+2084.5% | $239.4M+2487.7% | $445.1M+11821.9% | $5.4M+1387.3% | $7.7M+907.4% | $9.3M+7385.0% | $3.7M+2600.4% | -$418K-106.2% |
| Retained Earnings | -$668.3M-364.4% | -$592.0M-318.3% | -$362.4M-180.4% | -$145.6M-13.4% | -$143.9M-12.1% | -$141.5M-11.1% | -$129.2M-2.5% | -$128.4M-10.8% |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Goodwill, Long-Term Debt.
ETHZ 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.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$20.4M-2205.5% | -$7.6M-1121.7% | -$16.4M-6749.4% | -$1.1M-251.0% | -$887K+14.2% | -$625K+71.1% | -$240K+86.5% | $727K+123.3% |
| Depreciation & Amortization | $473K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Stock-Based Compensation | $104K-82.0% | N/A | $34.1M+206848.0% | $72K+222.7% | $578K+144.9% | N/A | $16K-97.4% | $22K-96.0% |
| Capital Expenditures | $16.8M | $795K | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$37.3M | -$8.4M | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $71.8M | $124.7M | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $5.5M+183533.3% | -$667.0M-13328.3% | $825.5M+171832.4% | -$350K-32.2% | -$3K+98.9% | $5.0M+243.4% | -$481K-119.6% | -$265K-110.8% |
| Share Buybacks | N/A | $30.1M | $16.1M | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
ETHZ 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.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -162.1% | N/A | -5364.6% | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -2667.5% | N/A | -5273.3% | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -45.3%-14.6pp | N/A | -48.7%-26.3pp | -32.1% | -30.7% | N/A | -22.4% | N/A |
| Return on Assets | -36.7%-16.4pp | N/A | -21.5%-13.5pp | -16.1%-16.4pp | -20.3%+10.8pp | N/A | -8.0%+199.1pp | 0.3%+27.2pp |
| Current Ratio | 6.19+5.2x | 0.33-1.1x | 10.07+9.9x | 0.580.0x | 1.02+0.6x | 1.47+0.7x | 0.19-0.5x | 0.58-0.1x |
| Debt-to-Equity | 0.23-0.3x | 0.28-0.1x | 1.27-0.5x | 0.99 | 0.51 | 0.38 | 1.80 | N/A |
| Asset Turnover | 0.01 | N/A | 0.00 | N/A | N/A | N/A | N/A | N/A |
| FCF Margin | -1303.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.33), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| ETHZilla Corporation ETHZ | FY2025 | $6.5M | -$450.5M | N/A | $67.1M | 12/100 |
| Solid Biosciences Inc. SLDB | FY2025 | N/A | -$174.3M | N/A | $972.5M | — |
| Aura Biosciences, Inc. AURA | FY2025 | N/A | -$106.2M | N/A | $724.9M | — |
| Inhibrx Biosciences, Inc. INBX | FY2025 | $1.3M | -$140.1M | N/A | $1.6B | 21/100 |
| Absci Corporation ABSI | FY2025 | $2.8M | -$115.2M | N/A | $1.4B | 51/100 |
| Lexicon Pharmaceuticals, Inc. LXRX | FY2025 | $49.8M | -$50.3M | N/A | $898.8M | 64/100 |
Where ETHZilla Corporation Ranks
Frequently Asked Questions
What is ETHZilla Corporation's annual revenue?
ETHZilla Corporation (ETHZ) reported $6.5M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is ETHZilla Corporation profitable?
No, ETHZilla Corporation (ETHZ) reported a net income of -$450.5M in fiscal year 2025.
What is ETHZilla Corporation's return on equity (ROE)?
ETHZilla Corporation (ETHZ) has a return on equity of -188.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is ETHZilla Corporation's free cash flow?
ETHZilla Corporation (ETHZ) recorded an outflow of $270.3M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is ETHZilla Corporation's operating cash flow?
ETHZilla Corporation (ETHZ) recorded an outflow of $26.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are ETHZilla Corporation's total assets?
ETHZilla Corporation (ETHZ) had $306.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are ETHZilla Corporation's capital expenditures?
ETHZilla Corporation (ETHZ) invested $244.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is ETHZilla Corporation's current ratio?
ETHZilla Corporation (ETHZ) had a current ratio of 0.33 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is ETHZilla Corporation's debt-to-equity ratio?
ETHZilla Corporation (ETHZ) had a debt-to-equity ratio of 0.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is ETHZilla Corporation's return on assets (ROA)?
ETHZilla Corporation (ETHZ) had a return on assets of -147.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does ETHZilla Corporation's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, ETHZilla Corporation (ETHZ) held $16.8M in cash, cash equivalents and investments, and reported an operating cash outflow of $26.1M over that year. Dividing the one by the other, the reported balance equals about 8 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is ETHZilla Corporation's Altman Z-Score?
ETHZilla Corporation (ETHZ) has an Altman Z-Score of -4.70, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is ETHZilla Corporation's Piotroski F-Score?
ETHZilla Corporation (ETHZ) has a Piotroski F-Score of 1 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are ETHZilla Corporation's earnings high quality?
ETHZilla Corporation (ETHZ) reported a net loss of $450.5M while operations used $26.1M 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.
How financially healthy is ETHZilla Corporation?
ETHZilla Corporation (ETHZ) scores 12 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.