Invesco CurrencyShares® Canadian Dollar Trust Financials

FXC

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Invesco CurrencyShares® Canadian Dollar Trust (FXC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Rhea AI FXC FY2025 2026-05-07

A cash-backed, pass-through trust where capital flows reshape the balance sheet more than operating earnings do.

The FY2025 asset rebound was driven far more by a financing inflow of $10.1M than by net income of $387K, so balance-sheet size is being set mainly by capital flows, not by retained profit, and the trust's scale can change quickly even when reported earnings are modest. That interpretation matches a near-fully cash-backed structure: FY2025 cash of $74.9M sat against only $60K of liabilities.

FY2025 dividends paid of $436K were essentially all of FY2025 operating cash flow of $435K. That pass-through payout pattern, together with retained earnings staying at $0, suggests cash is routinely distributed rather than accumulated to expand the trust internally, which helps explain why equity does not steadily compound from year to year.

Across the last three valid years, operating cash flow closely tracked net income, including FY2025 cash from operations of $435K versus earnings of $387K. The weak point is not cash conversion but thin asset-level returns: return on assets fell from 2.4% in FY2023 to 0.5% in FY2025, so a large balance sheet does not automatically produce large profits.

Financial Health Signals

Financial health score pending refresh

We are recalculating Invesco CurrencyShares® Canadian Dollar Trust'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.

Piotroski F-Score Partial

3/6

Invesco CurrencyShares® Canadian Dollar Trust passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.12x

For every $1 of reported earnings, Invesco CurrencyShares® Canadian Dollar Trust generates $1.12 in operating cash flow ($435K OCF vs $387K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$714K

YoY-52.2%

5Y CAGR+19.0%

10Y CAGR+1.4%

Invesco CurrencyShares® Canadian Dollar Trust generated $714K in revenue in fiscal year 2025. This represents a decrease of 52.2% from the prior year.

EBITDA

N/A

Net Income

$387K

YoY-68.9%

Invesco CurrencyShares® Canadian Dollar Trust reported $387K in net income in fiscal year 2025. This represents a decrease of 68.9% from the prior year.

EPS (Diluted)

$0.33

YoY-76.9%

Invesco CurrencyShares® Canadian Dollar Trust earned $0.33 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 76.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$74.9M

YoY+22.5%

5Y CAGR-13.0%

10Y CAGR-9.4%

Invesco CurrencyShares® Canadian Dollar Trust held $74.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.37

YoY-75.8%

5Y CAGR+19.8%

10Y CAGR+22.2%

Invesco CurrencyShares® Canadian Dollar Trust paid $0.37 per share in dividends in fiscal year 2025. This represents a decrease of 75.8% from the prior year.

Shares Outstanding

YoY+22.2%

5Y CAGR-11.7%

Invesco CurrencyShares® Canadian Dollar Trust had 1M shares outstanding in fiscal year 2025. This represents an increase of 22.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

54.2%

YoY-29.1pp

5Y CAGR+119.5pp

10Y CAGR+93.8pp

Invesco CurrencyShares® Canadian Dollar Trust's net profit margin was 54.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 29.1 percentage points from the prior year.

Return on Equity

0.5%

YoY-1.5pp

5Y CAGR+0.7pp

Invesco CurrencyShares® Canadian Dollar Trust's ROE was 0.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

FXC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$714K-52.2%	$1.5M-32.8%	$2.2M+262.4%	$613K	$0-100.0%	$299K
Cost of Revenue	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
R&D Expenses	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
Operating Income	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
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	$387K-68.9%	$1.2M-33.4%	$1.9M+1174.1%	$147K+120.5%	-$715K-266.4%	-$195K
EPS (Diluted)	$0.33-76.9%	$1.43-7.1%	$1.54+1611.1%	$0.09+129.0%	$-0.31	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$104K-14.0%	$121K-42.2%	$209K+7.3%	$195K+3.1%	$189K-30.3%	$271K-25.1%	$362K-9.9%	$402K
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	$0	N/A	N/A	N/A	$0	N/A	N/A	N/A
Net Income	$24K-39.1%	$39K-66.6%	$116K+4.7%	$110K-10.1%	$123K-41.3%	$209K-30.3%	$300K-12.5%	$343K
EPS (Diluted)	$0.02	N/A	$0.090.0%	$0.09-25.0%	$0.12	N/A	$0.35-14.6%	$0.41

FXC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$74.9M+22.4%	$61.2M-21.5%	$78.0M-20.0%	$97.5M-30.2%	$139.7M-7.3%	$150.6M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$74.9M+22.5%	$61.2M-21.4%	$77.8M-20.1%	$97.4M-30.3%	$139.7M-7.3%	$150.6M
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$60K+191.2%	$21K-20.7%	$26K-31.8%	$38K-32.1%	$56K+15.6%	$49K
Current Liabilities	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
Total Equity	$74.9M+22.3%	$61.2M-21.5%	$78.0M-20.0%	$97.5M-30.2%	$139.6M-7.3%	$150.5M
Retained Earnings	$0	$0	$0	$0	$0	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$84.1M+12.2%	$74.9M-18.0%	$91.4M-1.9%	$93.2M+37.1%	$68.0M+11.0%	$61.2M-0.6%	$61.6M+7.6%	$57.3M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$84.0M+12.2%	$74.9M-18.0%	$91.3M-1.9%	$93.1M+37.1%	$67.9M+11.0%	$61.2M-0.5%	$61.5M+7.6%	$57.1M
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	$29K-52.7%	$60K+101.1%	$30K+0.5%	$30K+19.8%	$25K+20.3%	$21K-8.8%	$23K+21.2%	$19K
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	$84.0M+12.3%	$74.9M-18.0%	$91.3M-1.9%	$93.2M+37.1%	$67.9M+11.0%	$61.2M-0.6%	$61.6M+7.6%	$57.2M
Retained Earnings	$0	$0	$0	$0	$0	$0	$0	$0

FXC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$435K-67.7%	$1.3M-26.6%	$1.8M+5895.0%	-$32K+95.5%	-$707K-671.5%	-$92K
Capital Expenditures	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
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$10.1M+180.7%	-$12.5M+48.3%	-$24.2M+31.2%	-$35.1M-321.3%	-$8.3M-122.5%	$37.1M
Dividends Paid	$436K-67.1%	$1.3M-25.8%	$1.8M+466.4%	$316K	N/A	$236K
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$23K-64.0%	$64K-47.9%	$122K+13.8%	$107K-24.9%	$143K-41.7%	$245K-21.4%	$311K-14.2%	$363K
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	$10.6M+160.7%	-$17.5M-13394.9%	-$130K-100.6%	$21.0M+210.5%	$6.8M+106.6%	$3.3M+5.5%	$3.1M+1027.6%	-$334K
Dividends Paid	$23K-62.1%	$61K-50.1%	$122K+10.2%	$111K-22.4%	$143K-42.1%	$246K-20.9%	$311K-11.9%	$353K
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FXC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	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
Net Margin	54.2%-29.1pp	83.4%-0.7pp	84.1%+60.2pp	23.9%	N/A	-65.3%
Return on Equity	0.5%-1.5pp	2.0%-0.4pp	2.4%+2.3pp	0.1%+0.7pp	-0.5%-0.4pp	-0.1%
Return on Assets	0.5%-1.5pp	2.0%-0.4pp	2.4%+2.3pp	0.1%+0.7pp	-0.5%-0.4pp	-0.1%
Current Ratio	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	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	22.6%-9.3pp	31.9%-23.3pp	55.3%-1.4pp	56.6%-8.3pp	64.9%-12.2pp	77.1%-5.8pp	82.9%-2.5pp	85.4%
Return on Equity	0.0%-0.0pp	0.1%-0.1pp	0.1%+0.0pp	0.1%-0.1pp	0.2%-0.2pp	0.3%-0.1pp	0.5%-0.1pp	0.6%
Return on Assets	0.0%-0.0pp	0.1%-0.1pp	0.1%+0.0pp	0.1%-0.1pp	0.2%-0.2pp	0.3%-0.1pp	0.5%-0.1pp	0.6%
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	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Invesco CurrencyShares® Canadian Dollar Trust's annual revenue?

Invesco CurrencyShares® Canadian Dollar Trust (FXC) reported $714K in total revenue for fiscal year 2025. This represents a -52.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Invesco CurrencyShares® Canadian Dollar Trust's revenue growing?

Invesco CurrencyShares® Canadian Dollar Trust (FXC) revenue declined by 52.2% year-over-year, from $1.5M to $714K in fiscal year 2025.

Is Invesco CurrencyShares® Canadian Dollar Trust profitable?

Yes, Invesco CurrencyShares® Canadian Dollar Trust (FXC) reported a net income of $387K in fiscal year 2025, with a net profit margin of 54.2%.

What is Invesco CurrencyShares® Canadian Dollar Trust's net profit margin?

Invesco CurrencyShares® Canadian Dollar Trust (FXC) had a net profit margin of 54.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Invesco CurrencyShares® Canadian Dollar Trust pay dividends?

Yes, Invesco CurrencyShares® Canadian Dollar Trust (FXC) paid $0.37 per share in dividends during fiscal year 2025.

What is Invesco CurrencyShares® Canadian Dollar Trust's return on equity (ROE)?

Invesco CurrencyShares® Canadian Dollar Trust (FXC) has a return on equity of 0.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Invesco CurrencyShares® Canadian Dollar Trust's operating cash flow?

Invesco CurrencyShares® Canadian Dollar Trust (FXC) generated $435K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Invesco CurrencyShares® Canadian Dollar Trust's total assets?

Invesco CurrencyShares® Canadian Dollar Trust (FXC) had $74.9M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Invesco CurrencyShares® Canadian Dollar Trust have outstanding?

Invesco CurrencyShares® Canadian Dollar Trust (FXC) had 1M shares outstanding as of fiscal year 2025.

What is Invesco CurrencyShares® Canadian Dollar Trust's debt-to-equity ratio?

Invesco CurrencyShares® Canadian Dollar Trust (FXC) 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 Invesco CurrencyShares® Canadian Dollar Trust's return on assets (ROA)?

Invesco CurrencyShares® Canadian Dollar Trust (FXC) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Invesco CurrencyShares® Canadian Dollar Trust's Piotroski F-Score?

Invesco CurrencyShares® Canadian Dollar Trust (FXC) has a Piotroski F-Score of 3 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 Invesco CurrencyShares® Canadian Dollar Trust's earnings high quality?

Invesco CurrencyShares® Canadian Dollar Trust (FXC) has an earnings quality ratio of 1.12x, considered cash-backed (high quality). 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.