Fidelity Wise Origin Bitcoin Fund (FBTC) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FBTC SEC filings page.
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).
The reported fund balance is dominated by asset-value swings and fund flows, not by a conventional operating business.
Reported earnings reversed sharply: FY2024 showed net income of$6.94B , while FY2025 showed a net loss of$1.59B as assets declined6.1% . Because revenue and operating expenses are not reported, these results cannot be interpreted as conventional operating performance. The near-offsetting operating and financing cash-flow figures in both years indicate that the cash-flow statement is capturing fund-level transactions rather than cash generated by selling products.
Total assets declined
Equity fell
Financial Health Signals
We do not publish a peer-relative financial health score for Fidelity Wise Origin Bitcoin Fund, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Fidelity Wise Origin Bitcoin Fund passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass.
Fidelity Wise Origin Bitcoin Fund reported a net loss of $1.6B while operations used $127.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Fidelity Wise Origin Bitcoin Fund reported $4.2B in net income in Q3 2026. This represents an increase of 208.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Cash & Balance Sheet
Fidelity Wise Origin Bitcoin Fund held $0 in cash as of Q3 2026; no long-term debt figure is on record for that period.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Fidelity Wise Origin Bitcoin Fund's quarterly ROE was 27.6% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 21.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 43.2 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
Fidelity Wise Origin Bitcoin Fund spent $807.7M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 68.0% from the same quarter a year earlier. Against the prior quarter it is down 43.5%.
Not reported for Q3 2026.
Not reported for Q3 2026.
FBTC 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.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
FBTC 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.5B-33.7% | $10.3B-52.2% | $12.8B-21.4% | $17.7B-6.1% | $23.3B+103.0% | $21.6B+102.9% | $16.3B+58.9% | $18.9Bn/m |
| Cash & Equivalents | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $139.6M+134.4% | $12.4M+179.7% | $18.9M+454.9% | $70.3M+72.2% | $59.6M+460.1% | $4.4M-83.2% | $3.4M-95.0% | $40.8Mn/m |
| Total Equity | $15.3B-34.1% | $10.3B-52.3% | $12.8B-21.5% | $17.6B-6.3% | $23.3B+102.7% | $21.6B+103.4% | $16.3B+59.9% | $18.8Bn/m |
| Retained Earnings | $4.2B-60.9% | $10.8M-99.9% | $1.6B-65.6% | $5.4B-22.8% | $10.8B+638.0% | $9.5B+563.0% | $4.7B+78.9% | $6.9Bn/m |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
FBTC 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$659.7Mn/m | $414.4Mn/m | $1.2B+511.8% | $418.4Mn/m | -$257.3Mn/m | -$492.7Mn/m | $203.9Mn/m | -$1.7B |
| Financing Cash Flow | $659.7M+156.4% | -$414.4M-184.1% | -$1.2Bn/m | -$418.4M-124.6% | $257.3M-67.6% | $492.7M-70.9% | -$203.9M-102.7% | $1.7B |
| Share Buybacks | $807.7M-68.0% | $1.4B-24.5% | $2.6B-8.8% | $2.5B+12.9% | $2.5B+187.0% | $1.9B+148.0% | $2.9B+187408.6% | $2.2B |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid.
FBTC 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | 27.6%+21.7pp | -15.6%-37.6pp | -29.2%-15.5pp | -31.0%-60.1pp | 5.9%+5.5pp | 22.0%+33.4pp | -13.7%-39.4pp | 29.1% |
| Return on Assets | 27.3%+21.4pp | -15.6%-37.6pp | -29.1%-15.4pp | -30.9%-60.0pp | 5.9%+5.5pp | 22.0%+33.3pp | -13.7%-39.3pp | 29.0% |
| Liabilities-to-Equity | 0.010.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.00 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Debt-to-Equity, Asset Turnover, FCF Margin.
Where Fidelity Wise Origin Bitcoin Fund Ranks
Frequently Asked Questions
No, Fidelity Wise Origin Bitcoin Fund (FBTC) reported a net loss of $6.6B over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net loss of $1.6B.
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.
Fidelity Wise Origin Bitcoin Fund (FBTC) recorded an outflow of $127.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Fidelity Wise Origin Bitcoin Fund (FBTC) had $17.7B in total assets as of fiscal year 2025, including both current and long-term assets.
Fidelity Wise Origin Bitcoin Fund (FBTC) had a liabilities-to-equity ratio of 0.00 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
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.
Fidelity Wise Origin Bitcoin Fund (FBTC) has a Piotroski F-Score of 2 out of 5 computable signals; 4 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.
Fidelity Wise Origin Bitcoin Fund (FBTC) reported a net loss of $1.6B while operations used $127.8M 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.