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Invesco CurrencyShares® Japanese Yen Trust Financials

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

This page shows Invesco CurrencyShares® Japanese Yen Trust (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).

Rhea AI FXY FY2025

Balance-sheet growth is being driven by new share issuance, while the vehicle itself runs with minimal leverage and a small cash-cost layer.

From FY2022 to FY2025, assets climbed from $187M to $475M, even though the trust itself consumed cash each year. Because that expansion coincided with persistent negative operating cash flow, rising shares outstanding, and $404M of financing inflows, balance-sheet growth came from new capital entering the vehicle rather than from retained earnings.

The FY2025 balance sheet is almost entirely equity-funded, with only $160K of liabilities against $475M of assets. Net loss and operating cash outflow were both about $2.4M, so earnings quality is simple: the reported loss is a real cash expense, not an accounting swing.

Per-share loss improved from -$0.52 in FY2021 to -$0.25 in FY2025. That happened even as total net loss widened and shares outstanding more than tripled, which means per-share optics improved mostly through a larger share base, not because the vehicle became self-funding.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating Invesco CurrencyShares® Japanese Yen 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
1/6

Invesco CurrencyShares® Japanese Yen Trust passes 1 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality
0.99x

For every $1 of reported earnings, Invesco CurrencyShares® Japanese Yen Trust 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.

Key Financial Metrics

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Earnings & Revenue

Revenue
$0

Invesco CurrencyShares® Japanese Yen Trust generated $0 in revenue in fiscal year 2025.

EBITDA
N/A
Net Income
-$2.4M
YoY-46.9%

Invesco CurrencyShares® Japanese Yen Trust 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 Trust 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 Trust 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 Trust 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 Trust'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 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $0 N/A $0 $0 $0 N/A $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 N/A $127-15.3% $150 $0 N/A $0-100.0% $121
Income Tax $0 N/A N/A N/A $0 N/A N/A N/A
Net Income -$477K N/A -$630K+24.9% -$839K-92.7% -$435K N/A -$387K-9.7% -$353K
EPS (Diluted) $-0.06 N/A $-0.060.0% $-0.060.0% $-0.06 N/A $-0.060.0% $-0.06

FXY Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $467.8M-1.6% $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
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $467.8M-1.6% $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
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 $164K+2.3% $160K-12.7% $183K-34.6% $281K+60.1% $175K-94.3% $3.1M+2104.9% $139K+28.1% $109K
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 $467.7M-1.6% $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
Retained Earnings $0 $0 $0 $0 $0 $0 $0 $0

FXY Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$473K+8.0% -$514K+29.3% -$727K+0.9% -$733K-84.6% -$397K+8.0% -$432K-21.3% -$356K+11.3% -$402K
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 $1.0M+102.6% -$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
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 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 N/A N/A N/A N/A N/A N/A N/A N/A
Return on Equity -0.1% N/A -0.1%-0.0pp -0.1%-0.0pp -0.1% N/A -0.1%+0.0pp -0.1%
Return on Assets -0.1% N/A -0.1%-0.0pp -0.1%-0.0pp -0.1% N/A -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 0.000.0 0.010.0 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® Japanese Yen Trust (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.

No, Invesco CurrencyShares® Japanese Yen Trust (FXY) reported a net income of -$2.4M in fiscal year 2025.

Invesco CurrencyShares® Japanese Yen Trust (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.

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

Invesco CurrencyShares® Japanese Yen Trust (FXY) generated -$2.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Invesco CurrencyShares® Japanese Yen Trust (FXY) had $475.3M in total assets as of fiscal year 2025, including both current and long-term assets.

Invesco CurrencyShares® Japanese Yen Trust (FXY) had 8M shares outstanding as of fiscal year 2025.

Invesco CurrencyShares® Japanese Yen Trust (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.

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

Based on fiscal year 2025 data, Invesco CurrencyShares® Japanese Yen Trust (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.

Invesco CurrencyShares® Japanese Yen Trust (FXY) has a Piotroski F-Score of 1 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.

Invesco CurrencyShares® Japanese Yen Trust (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.

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