Source SEC Filings (10-K/10-Q)Updated Dec 31, 2025Currency USDFYE December
This page shows Invesco CurrencyShares® Japanese Yen (FXY) financial statements, including the
income statement, balance sheet, cash flow statement, and key financial ratios.
View 16 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
Piotroski F-ScoreWeak
1/9
Invesco CurrencyShares® Japanese Yen 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), neither operating efficiency signal passes.
Earnings QualityLow Quality
0.99x
For every $1 of reported earnings, Invesco CurrencyShares® Japanese Yen generates $0.99 in operating cash flow (-$2.4M OCF vs -$2.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Invesco CurrencyShares® Japanese Yen generated $0 in revenue in fiscal year 2025.
EBITDA
N/A
Net Income
-$2.4M
YoY-46.9%
Invesco CurrencyShares® Japanese Yen reported -$2.4M in net income in fiscal year 2025. This represents a decrease of 46.9% from the prior year.
EPS (Diluted)
$-0.25
YoY+7.4%
Invesco CurrencyShares® Japanese Yen earned $-0.25 per diluted share (EPS) in fiscal year 2025. This represents an increase of 7.4% from the prior year.
Cash & Balance Sheet
Free Cash Flow
N/A
Cash & Debt
$475.3M
YoY+20.7%
5Y CAGR+14.0%
10Y CAGR+12.9%
Invesco CurrencyShares® Japanese Yen held $475.3M in cash against $0 in long-term debt as of fiscal year 2025.
Dividends Per Share
N/A
Shares Outstanding
8M
YoY+23.9%
5Y CAGR+25.7%
Invesco CurrencyShares® Japanese Yen had 8M shares outstanding in fiscal year 2025. This represents an increase of 23.9% from the prior year.
Margins & Returns
Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
-0.5%
YoY-0.1pp
5Y CAGR+0.1pp
Invesco CurrencyShares® Japanese Yen's ROE was -0.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the prior year.
Capital Allocation
R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A
FXY Income Statement
Metric
FY25
FY24
FY23
FY22
FY21
FY20
Revenue
$0
$0
$0
$0
$0
$0
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
$277-99.8%
$156K-67.9%
$485K+36.9%
$354K-9.4%
$391K-20.8%
$494K
Income Tax
$0
$0
$0
$0
$0
$0
Net Income
-$2.4M-46.9%
-$1.6M-13.0%
-$1.4M-37.0%
-$1.1M+9.5%
-$1.2M+20.6%
-$1.5M
EPS (Diluted)
$-0.25+7.4%
$-0.27+32.5%
$-0.40+7.0%
$-0.43+17.3%
$-0.52
N/A
Metric
Q4'25
Q3'25
Q2'25
Q1'25
Q4'24
Q3'24
Q2'24
Q1'24
Revenue
N/A
$0
$0
$0
N/A
$0
$0
$0
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
$127-15.3%
$150
$0
N/A
$0-100.0%
$121-99.9%
$155K
Income Tax
N/A
N/A
N/A
$0
N/A
N/A
N/A
$0
Net Income
N/A
-$630K+24.9%
-$839K-92.7%
-$435K
N/A
-$387K-9.7%
-$353K+23.5%
-$461K
EPS (Diluted)
N/A
$-0.060.0%
$-0.060.0%
$-0.06
N/A
$-0.060.0%
$-0.06+33.3%
$-0.09
FXY Balance Sheet
Metric
FY25
FY24
FY23
FY22
FY21
FY20
Total Assets
$475.3M+20.7%
$393.7M+25.9%
$312.6M+66.7%
$187.5M+9.5%
$171.2M-30.7%
$247.1M
Current Assets
N/A
N/A
N/A
N/A
N/A
N/A
Cash & Equivalents
$475.3M+20.7%
$393.7M+25.9%
$312.6M+66.7%
$187.5M+9.5%
$171.2M-30.7%
$247.1M
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
$160K-94.8%
$3.1M+1960.5%
$149K+54.4%
$97K+6.4%
$91K-28.8%
$128K
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
$475.1M+21.6%
$390.6M+25.0%
$312.4M+66.8%
$187.4M+9.5%
$171.2M-30.7%
$246.9M
Retained Earnings
$0
$0
$0
$0
$0
$0
Metric
Q4'25
Q3'25
Q2'25
Q1'25
Q4'24
Q3'24
Q2'24
Q1'24
Total Assets
$475.3M-12.9%
$545.5M-33.7%
$823.1M+49.9%
$549.1M+39.5%
$393.7M-16.0%
$468.5M+38.0%
$339.4M-1.0%
$342.8M
Current Assets
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash & Equivalents
$475.3M-12.9%
$545.5M-33.7%
$823.1M+49.9%
$549.1M+39.5%
$393.7M-13.6%
$455.6M+36.6%
$333.6M-1.8%
$339.7M
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
$160K-12.7%
$183K-34.6%
$281K+60.1%
$175K-94.3%
$3.1M+2104.9%
$139K+28.1%
$109K-31.1%
$158K
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
$475.1M-12.9%
$545.3M-33.7%
$822.8M+49.9%
$548.9M+40.5%
$390.6M-16.6%
$468.4M+38.1%
$339.3M-1.0%
$342.6M
Retained Earnings
$0
$0
$0
$0
$0
$0
$0
$0
FXY Cash Flow Statement
Metric
FY25
FY24
FY23
FY22
FY21
FY20
Operating Cash Flow
-$2.4M-44.4%
-$1.6M-18.2%
-$1.4M-32.7%
-$1.0M+12.7%
-$1.2M+16.0%
-$1.4M
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
$98.0M-20.3%
$123.0M-13.8%
$142.7M+257.0%
$40.0M+176.9%
-$52.0M-197.3%
$53.4M
Dividends Paid
N/A
N/A
N/A
N/A
N/A
N/A
Share Buybacks
N/A
N/A
N/A
N/A
N/A
N/A
Metric
Q4'25
Q3'25
Q2'25
Q1'25
Q4'24
Q3'24
Q2'24
Q1'24
Operating Cash Flow
-$514K+29.3%
-$727K+0.9%
-$733K-84.6%
-$397K+8.0%
-$432K-21.3%
-$356K+11.3%
-$402K+11.2%
-$452K
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
-$39.4M+84.8%
-$259.4M-199.6%
$260.4M+90.8%
$136.5M+753.2%
-$20.9M-126.6%
$78.5M+398.9%
$15.7M-68.2%
$49.6M
Dividends Paid
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Share Buybacks
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
FXY 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
N/A
N/A
N/A
N/A
N/A
N/A
Return on Equity
-0.5%-0.1pp
-0.4%+0.0pp
-0.5%+0.1pp
-0.6%+0.1pp
-0.7%-0.1pp
-0.6%
Return on Assets
-0.5%-0.1pp
-0.4%+0.0pp
-0.5%+0.1pp
-0.6%+0.1pp
-0.7%-0.1pp
-0.6%
Current Ratio
N/A
N/A
N/A
N/A
N/A
N/A
Debt-to-Equity
0.000.0
0.010.0
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
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
-0.1%-0.0pp
-0.1%-0.0pp
-0.1%
N/A
-0.1%+0.0pp
-0.1%+0.0pp
-0.1%
Return on Assets
N/A
-0.1%-0.0pp
-0.1%-0.0pp
-0.1%
N/A
-0.1%+0.0pp
-0.1%+0.0pp
-0.1%
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
0.010.0
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® Japanese Yen's annual revenue?
Invesco CurrencyShares® Japanese Yen (FXY) reported $0 in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Invesco CurrencyShares® Japanese Yen profitable?
No, Invesco CurrencyShares® Japanese Yen (FXY) reported a net income of -$2.4M in fiscal year 2025.
What is Invesco CurrencyShares® Japanese Yen's earnings per share (EPS)?
Invesco CurrencyShares® Japanese Yen (FXY) reported diluted earnings per share of $-0.25 for fiscal year 2025. This represents a 7.4% 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.
What is Invesco CurrencyShares® Japanese Yen's return on equity (ROE)?
Invesco CurrencyShares® Japanese Yen (FXY) 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® Japanese Yen's operating cash flow?
Invesco CurrencyShares® Japanese Yen (FXY) generated -$2.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Invesco CurrencyShares® Japanese Yen's total assets?
Invesco CurrencyShares® Japanese Yen (FXY) had $475.3M in total assets as of fiscal year 2025, including both current and long-term assets.
How many shares does Invesco CurrencyShares® Japanese Yen have outstanding?
Invesco CurrencyShares® Japanese Yen (FXY) had 8M shares outstanding as of fiscal year 2025.
What is Invesco CurrencyShares® Japanese Yen's debt-to-equity ratio?
Invesco CurrencyShares® Japanese Yen (FXY) 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® Japanese Yen's return on assets (ROA)?
Invesco CurrencyShares® Japanese Yen (FXY) 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® Japanese Yen's cash runway?
Based on fiscal year 2025 data, Invesco CurrencyShares® Japanese Yen (FXY) had $475.3M in cash against an annual operating cash burn of $2.4M. This gives an estimated cash runway of approximately 2405 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 Invesco CurrencyShares® Japanese Yen's Piotroski F-Score?
Invesco CurrencyShares® Japanese Yen (FXY) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Invesco CurrencyShares® Japanese Yen's earnings high quality?
Invesco CurrencyShares® Japanese Yen (FXY) has an earnings quality ratio of 0.99x, 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.
