Fidelity Wise Origin Bitcoin Fund Financials
This page shows Fidelity Wise Origin Bitcoin Fund (FBTC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Fidelity Wise Origin Bitcoin Fund'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.
Fidelity Wise Origin Bitcoin Fund carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Fidelity Wise Origin Bitcoin Fund generates a -9.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 29/100. This is down from 36.9% the prior year.
Fidelity Wise Origin Bitcoin Fund passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Fidelity Wise Origin Bitcoin Fund generates $0.08 in operating cash flow (-$127.8M OCF vs -$1.6B 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
Fidelity Wise Origin Bitcoin Fund reported -$1.6B in net income in fiscal year 2025. This represents a decrease of 122.8% from the prior year.
Cash & Balance Sheet
Fidelity Wise Origin Bitcoin Fund held $0 in cash against $0 in long-term debt as of fiscal year 2025.
Fidelity Wise Origin Bitcoin Fund had 231M shares outstanding in fiscal year 2025. This represents an increase of 0.3% from the prior year.
Margins & Returns
Fidelity Wise Origin Bitcoin Fund's ROE was -9.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 45.9 percentage points from the prior year.
Capital Allocation
Fidelity Wise Origin Bitcoin Fund spent $9.8B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 155.5% from the prior year.
FBTC Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | $1.4B-71.2% | $4.8B+312.4% | -$2.2B | N/A | $41.0M+103.4% | -$1.2B-145.7% | $2.6B |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FBTC Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.7B-24.1% | $23.3B+8.1% | $21.6B+32.1% | $16.3B-13.4% | $18.9B+64.1% | $11.5B+8.0% | $10.6B+3.4% | $10.3B |
| 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 | $70.3M+18.0% | $59.6M+1244.4% | $4.4M+30.1% | $3.4M-91.7% | $40.8M+283.7% | $10.6M-59.6% | $26.3M-61.3% | $68.2M |
| 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 | $17.6B-24.2% | $23.3B+7.8% | $21.6B+32.1% | $16.3B-13.2% | $18.8B+63.9% | $11.5B+8.2% | $10.6B+3.9% | $10.2B |
| Retained Earnings | $5.4B-50.5% | $10.8B+14.5% | $9.5B+101.2% | $4.7B-32.3% | $6.9B+373.0% | $1.5B+2.9% | $1.4B-45.7% | $2.6B |
FBTC Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $418.4M+262.6% | -$257.3M+47.8% | -$492.7M-341.6% | $203.9M+112.0% | -$1.7B-114.1% | -$793.9M+53.1% | -$1.7B+77.5% | -$7.5B |
| 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 | -$418.4M-262.6% | $257.3M-47.8% | $492.7M+341.6% | -$203.9M-112.0% | $1.7B+114.1% | $793.9M-53.1% | $1.7B-77.5% | $7.5B |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $2.5B-2.2% | $2.5B+33.5% | $1.9B-34.8% | $2.9B+32.7% | $2.2B+148.6% | $880.3M+15.4% | $763.0M+49160.2% | $1.5M |
FBTC Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | 5.9%-16.2pp | 22.0%+35.8pp | -13.7% | N/A | 0.4%+11.7pp | -11.3%-37.0pp | 25.7% |
| Return on Assets | N/A | 5.9%-16.2pp | 22.0%+35.8pp | -13.7% | N/A | 0.4%+11.7pp | -11.3%-36.9pp | 25.6% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.01 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is Fidelity Wise Origin Bitcoin Fund profitable?
No, Fidelity Wise Origin Bitcoin Fund (FBTC) reported a net income of -$1.6B in fiscal year 2025.
What is Fidelity Wise Origin Bitcoin Fund's return on equity (ROE)?
Fidelity Wise Origin Bitcoin Fund (FBTC) has a return on equity of -9.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Fidelity Wise Origin Bitcoin Fund's operating cash flow?
Fidelity Wise Origin Bitcoin Fund (FBTC) generated -$127.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Fidelity Wise Origin Bitcoin Fund's total assets?
Fidelity Wise Origin Bitcoin Fund (FBTC) had $17.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Fidelity Wise Origin Bitcoin Fund's debt-to-equity ratio?
Fidelity Wise Origin Bitcoin Fund (FBTC) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fidelity Wise Origin Bitcoin Fund's return on assets (ROA)?
Fidelity Wise Origin Bitcoin Fund (FBTC) had a return on assets of -9.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Fidelity Wise Origin Bitcoin Fund's cash runway?
Based on fiscal year 2025 data, Fidelity Wise Origin Bitcoin Fund (FBTC) had $0 in cash against an annual operating cash burn of $127.8M. 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.
What is Fidelity Wise Origin Bitcoin Fund's Piotroski F-Score?
Fidelity Wise Origin Bitcoin Fund (FBTC) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. 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 Fidelity Wise Origin Bitcoin Fund's earnings high quality?
Fidelity Wise Origin Bitcoin Fund (FBTC) has an earnings quality ratio of 0.08x, 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.
How financially healthy is Fidelity Wise Origin Bitcoin Fund?
Fidelity Wise Origin Bitcoin Fund (FBTC) scores 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.