Franklin Ethereum ETF Financials
This page shows Franklin Ethereum ETF (EZET) 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).
EZET's reported economics are dominated by capital flows, with operating uses funded almost entirely by fresh financing.
With$0 of cash at year-end, a-$28.7M operating cash outflow was effectively matched by$28.7M of financing inflow, showing the vehicle was externally funded rather than supported by retained cash generation. That pairing matters more than the-$8.1M net loss because cash burn and financing moved together in FY2026, leaving no year-end cash buffer.
This balance sheet does not behave like a conventional operating business: equity of
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
We are recalculating Franklin 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.
For every $1 of reported earnings, Franklin Ethereum ETF generates $3.55 in operating cash flow (-$28.7M OCF vs -$8.1M 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 Ethereum ETF reported -$8.1M in net income in fiscal year 2026.
Cash & Balance Sheet
Franklin Ethereum ETF held $0 in cash against $0 in long-term debt as of fiscal year 2026.
Franklin Ethereum ETF had 3M shares outstanding in fiscal year 2026.
Margins & Returns
Franklin Ethereum ETF's ROE was -12.0% in fiscal year 2026, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Franklin Ethereum ETF spent $47.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding.
EZET Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | -$24.5M-191.3% | $26.9M+273.7% | $7.2M | N/A | $8.5M+221.9% | -$7.0M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
EZET Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $42.2M-29.3% | $59.7M-34.3% | $91.0M+158.9% | $35.1M+62.6% | $21.6M-48.3% | $41.8M+35.0% | $31.0M+1065.9% | $2.7M |
| 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 | -$25.3M-1220.6% | $2.3M+6082.7% | $37K+100.4% | -$10.0M+41.7% | -$17.2M | $0+100.0% | -$7.0M-19799.9% | $35K |
| 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 | $67.6M+3.6% | $65.2M-12.0% | $74.1M+64.1% | $45.2M+16.3% | $38.8M-3.5% | $40.3M+6.2% | $37.9M+1347.7% | $2.6M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
EZET Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$106K-101.6% | $6.7M+123.0% | -$28.9M-357.2% | -$6.3M-544.2% | $1.4M+160.9% | -$2.3M+93.4% | -$35.3M | N/A |
| 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 | $106K+101.6% | -$6.7M-123.0% | $28.9M+357.2% | $6.3M+544.2% | -$1.4M-160.9% | $2.3M-93.4% | $35.3M | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $3.1M-84.1% | $19.2M-16.0% | $22.9M+1183.0% | $1.8M+25.2% | $1.4M-63.3% | $3.9M+279.3% | $1.0M | N/A |
EZET Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | -37.6%-73.8pp | 36.2%+20.3pp | 15.9% | N/A | 21.1%+39.5pp | -18.4% | N/A |
| Return on Assets | N/A | -41.0%-70.6pp | 29.5%+9.1pp | 20.4% | N/A | 20.3%+42.9pp | -22.5% | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | -0.37-0.4 | 0.03+0.0 | 0.00+0.2 | -0.22+0.2 | -0.44-0.4 | 0.00+0.2 | -0.18-0.2 | 0.01 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is Franklin Ethereum ETF profitable?
No, Franklin Ethereum ETF (EZET) reported a net income of -$8.1M in fiscal year 2026.
What is Franklin Ethereum ETF's return on equity (ROE)?
Franklin Ethereum ETF (EZET) has a return on equity of -12.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Franklin Ethereum ETF's operating cash flow?
Franklin Ethereum ETF (EZET) generated -$28.7M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Franklin Ethereum ETF's total assets?
Franklin Ethereum ETF (EZET) had $42.2M in total assets as of fiscal year 2026, including both current and long-term assets.
What is Franklin Ethereum ETF's debt-to-equity ratio?
Franklin Ethereum ETF (EZET) had a debt-to-equity ratio of -0.37 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Franklin Ethereum ETF's return on assets (ROA)?
Franklin Ethereum ETF (EZET) had a return on assets of -19.1% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Franklin Ethereum ETF's cash runway?
Based on fiscal year 2026 data, Franklin Ethereum ETF (EZET) had $0 in cash against an annual operating cash burn of $28.7M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Are Franklin Ethereum ETF's earnings high quality?
Franklin Ethereum ETF (EZET) has an earnings quality ratio of 3.55x, 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.