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Invesco CurrencyShares® Euro Currency Trust Financials

FXE
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Invesco CurrencyShares® Euro Currency Trust (FXE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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 FXE FY2025

Balance-sheet expansion came from new capital, while earnings and cash flow stayed small relative to the cash-heavy asset base.

Between FY2024 and FY2025, total assets rose from $167.5M to $428.8M. At the same time, return on assets fell from 2.4% to 0.8%, so the much larger balance sheet reflects capital inflow more than earnings compounding and became less productive per dollar deployed.

FY2025 net income and operating cash flow were almost identical at $3.4M and $3.4M. After a similarly close match in FY2024, that points to earnings quality shaped by realized cash results rather than by large accrual or working-capital swings, which matters because the balance sheet itself changed far faster than profits did.

The trust held cash and equivalents of $428.4M against just total liabilities of $6.0M, leaving very little balance-sheet strain. Combined with FY2025 financing cash inflow of $222.4M and cash payouts of $3.5M, the structure behaves more like a cash-backed pool whose size moves with capital subscriptions and distributions than like a debt-funded operator.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 41 / 100
Financial Profile 41/100

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 Invesco CurrencyShares® Euro Currency Trust'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.

Growth
30

Invesco CurrencyShares® Euro Currency Trust's revenue grew 7.4% year-over-year to $5.1M, a solid pace of expansion. This earns a growth score of 30/100.

Leverage
100

Invesco CurrencyShares® Euro Currency Trust carries a low D/E ratio of 0.01, meaning only $0.01 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.

Returns
14

Invesco CurrencyShares® Euro Currency Trust generates a 0.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 14/100. This is down from 2.4% the prior year.

Piotroski F-Score Weak
2/9

Invesco CurrencyShares® Euro Currency Trust passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed
0.99x

For every $1 of reported earnings, Invesco CurrencyShares® Euro Currency Trust generates $0.99 in operating cash flow ($3.4M OCF vs $3.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$5.1M
YoY+7.4%

Invesco CurrencyShares® Euro Currency Trust generated $5.1M in revenue in fiscal year 2025. This represents an increase of 7.4% from the prior year.

EBITDA
N/A
Net Income
$3.4M
YoY-13.9%

Invesco CurrencyShares® Euro Currency Trust reported $3.4M in net income in fiscal year 2025. This represents a decrease of 13.9% from the prior year.

EPS (Diluted)
$0.88
YoY-59.1%

Invesco CurrencyShares® Euro Currency Trust earned $0.88 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 59.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$428.4M
YoY+156.2%
5Y CAGR+5.5%
10Y CAGR+3.0%

Invesco CurrencyShares® Euro Currency Trust held $428.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
4M
YoY+168.8%
5Y CAGR+6.4%

Invesco CurrencyShares® Euro Currency Trust had 4M shares outstanding in fiscal year 2025. This represents an increase of 168.8% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
67.6%
YoY-16.7pp

Invesco CurrencyShares® Euro Currency Trust's net profit margin was 67.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 16.7 percentage points from the prior year.

Return on Equity
0.8%
YoY-1.6pp
5Y CAGR+1.6pp

Invesco CurrencyShares® Euro Currency Trust's ROE was 0.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

FXE Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $1.3M+0.6% $1.3M-17.7% $1.5M-2.4% $1.6M+109.4% $746K-20.0% $933K-16.6% $1.1M-11.4% $1.3M
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 $819K+1.9% $804K-17.6% $976K-9.7% $1.1M+88.1% $575K-24.3% $759K-19.2% $940K-12.6% $1.1M
EPS (Diluted) $0.20 N/A $0.19-17.4% $0.23-28.1% $0.32 N/A $0.54-6.9% $0.58

FXE Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $462.9M+7.9% $428.8M-15.0% $504.6M-13.0% $580.0M+147.3% $234.5M+40.0% $167.5M-12.3% $190.9M+10.1% $173.4M
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $462.4M+7.9% $428.4M-15.0% $504.1M-13.0% $579.4M+152.8% $229.2M+37.1% $167.2M-12.2% $190.5M+10.1% $173.0M
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 $152K-97.5% $6.0M+3077.6% $188K+1.8% $185K+165.5% $70K+22.8% $57K-6.4% $61K-14.2% $71K
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 $462.7M+9.4% $422.9M-16.2% $504.4M-13.0% $579.8M+147.3% $234.4M+40.0% $167.4M-12.3% $190.8M+10.1% $173.4M
Retained Earnings $0 $0 $0 $0 $0 $0 $0 $0

FXE Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow $810K-5.2% $854K-16.7% $1.0M+10.1% $931K+56.1% $596K-28.7% $837K-12.5% $957K-47.9% $1.8M
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 $42.6M+156.5% -$75.4M+1.2% -$76.3M-123.9% $319.0M+479.3% $55.1M+595.6% -$11.1M-218.6% $9.4M+135.6% -$26.3M
Dividends Paid $825K+0.4% $822K-19.3% $1.0M-7.6% $1.1M+84.9% $596K-28.6% $834K-11.9% $947K-14.8% $1.1M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

FXE Financial Ratios

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 65.0%+0.8pp 64.2%+0.1pp 64.0%-5.2pp 69.2%-7.8pp 77.0%-4.4pp 81.4%-2.6pp 84.1%-1.1pp 85.2%
Return on Equity 0.2%-0.0pp 0.2%0.0pp 0.2%0.0pp 0.2%-0.1pp 0.3%-0.2pp 0.4%-0.0pp 0.5%-0.1pp 0.6%
Return on Assets 0.2%-0.0pp 0.2%0.0pp 0.2%0.0pp 0.2%-0.0pp 0.2%-0.2pp 0.4%-0.0pp 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 0.00-0.0 0.01+0.0 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

Invesco CurrencyShares® Euro Currency Trust (FXE) reported $5.1M in total revenue for fiscal year 2025. This represents a 7.4% 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.

Invesco CurrencyShares® Euro Currency Trust (FXE) revenue grew by 7.4% year-over-year, from $4.7M to $5.1M in fiscal year 2025.

Yes, Invesco CurrencyShares® Euro Currency Trust (FXE) reported a net income of $3.4M in fiscal year 2025, with a net profit margin of 67.6%.

Invesco CurrencyShares® Euro Currency Trust (FXE) reported diluted earnings per share of $0.88 for fiscal year 2025. This represents a -59.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Invesco CurrencyShares® Euro Currency Trust (FXE) had a net profit margin of 67.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Invesco CurrencyShares® Euro Currency Trust (FXE) has a return on equity of 0.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Invesco CurrencyShares® Euro Currency Trust (FXE) generated $3.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Invesco CurrencyShares® Euro Currency Trust (FXE) had $428.8M in total assets as of fiscal year 2025, including both current and long-term assets.

Invesco CurrencyShares® Euro Currency Trust (FXE) had 4M shares outstanding as of fiscal year 2025.

Invesco CurrencyShares® Euro Currency Trust (FXE) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Invesco CurrencyShares® Euro Currency Trust (FXE) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Invesco CurrencyShares® Euro Currency Trust (FXE) has a Piotroski F-Score of 2 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.

Invesco CurrencyShares® Euro Currency Trust (FXE) has an earnings quality ratio of 0.99x, considered mixed 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.

Invesco CurrencyShares® Euro Currency Trust (FXE) scores 41 out of 100 on our Financial Profile, indicating moderate 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.

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