Franklin Bitcoin ETF Financials
This page shows Franklin Bitcoin ETF (EZBC) 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
For every $1 of reported earnings, Franklin Bitcoin ETF generates $0.37 in operating cash flow ($40.2M OCF vs $109.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Franklin Bitcoin ETF reported $109.2M in net income in fiscal year 2025.
Cash & Balance Sheet
Franklin Bitcoin ETF held $0 in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Franklin Bitcoin ETF's ROE was 45.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Franklin Bitcoin ETF spent $348.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
EZBC Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | 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 | N/A | N/A |
| Gross Profit | N/A | N/A | 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 | N/A | N/A |
| SG&A Expenses | N/A | N/A | 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 | N/A | N/A |
| Interest Expense | N/A | N/A | 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 | N/A | N/A |
| Net Income | -$157.1M-658.9% | $28.1M-78.1% | $128.3M | N/A | $213.9M+7904.6% | $2.7M+107.4% | -$36.3M-159.3% | $61.2M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
EZBC Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $506.0M-23.5% | $661.3M+18.2% | $559.7M+36.1% | $411.2M-42.2% | $711.9M+57.4% | $452.4M+21.3% | $373.1M+9.1% | $341.9M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | 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 | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $174.9M-46.5% | $327.1M+9.4% | $299.0M+75.1% | $170.7M-29.4% | $241.8M+368461.9% | $66K+312361.9% | $210.0% | $21 |
| Current Liabilities | N/A | N/A | 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 | N/A | N/A |
| Total Equity | $331.1M-0.9% | $334.2M+28.2% | $260.7M+8.4% | $240.4M-48.8% | $470.0M+10.7% | $424.6M+22.0% | $348.1M+24.0% | $280.6M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
EZBC Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.0M+97.3% | -$73.5M-262.6% | -$20.3M-108.8% | $229.6M+605.8% | -$45.4M+40.7% | -$76.6M-13.5% | -$67.4M+75.7% | -$278.0M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $2.0M-97.3% | $73.5M+262.6% | $20.3M+108.8% | -$229.6M-605.8% | $45.4M-40.7% | $76.6M+13.5% | $67.4M-75.7% | $278.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $27.0M+39.2% | $19.4M-45.0% | $35.2M-86.4% | $259.2M+995.8% | $23.7M-24.7% | $31.4M-8.4% | $34.3M | $0 |
EZBC Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | 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 | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -47.4%-55.9pp | 8.4%-40.8pp | 49.2% | N/A | 45.5%+44.9pp | 0.6%+11.1pp | -10.4%-32.3pp | 21.8% |
| Return on Assets | -31.1%-35.3pp | 4.3%-18.7pp | 22.9% | N/A | 30.0%+29.5pp | 0.6%+10.3pp | -9.7%-27.6pp | 17.9% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.53-0.5 | 0.98-0.2 | 1.15+0.4 | 0.71+0.2 | 0.51+0.5 | 0.000.0 | 0.000.0 | 0.00 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is Franklin Bitcoin ETF profitable?
Yes, Franklin Bitcoin ETF (EZBC) reported a net income of $109.2M in fiscal year 2025.
What is Franklin Bitcoin ETF's return on equity (ROE)?
Franklin Bitcoin ETF (EZBC) has a return on equity of 45.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Franklin Bitcoin ETF's operating cash flow?
Franklin Bitcoin ETF (EZBC) generated $40.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Franklin Bitcoin ETF's total assets?
Franklin Bitcoin ETF (EZBC) had $411.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Franklin Bitcoin ETF's debt-to-equity ratio?
Franklin Bitcoin ETF (EZBC) had a debt-to-equity ratio of 0.71 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Franklin Bitcoin ETF's return on assets (ROA)?
Franklin Bitcoin ETF (EZBC) had a return on assets of 26.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Are Franklin Bitcoin ETF's earnings high quality?
Franklin Bitcoin ETF (EZBC) has an earnings quality ratio of 0.37x, considered low quality (accrual-driven). 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.