Grayscale Dogecoin Trust ETF Financials

GDOG

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Grayscale Dogecoin Trust ETF (GDOG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Low Quality

2.80x

For every $1 of reported earnings, Grayscale Dogecoin Trust ETF generates $2.80 in operating cash flow (-$6.2M OCF vs -$2.2M 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

N/A

EBITDA

N/A

Net Income

-$2.2M

Grayscale Dogecoin Trust ETF reported -$2.2M in net income in fiscal year 2025.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

284,700

Grayscale Dogecoin Trust ETF had 284,700 shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-56.2%

Grayscale Dogecoin Trust ETF's ROE was -56.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

GDOG Income Statement

Metric	FY25
Revenue	N/A
Cost of Revenue	N/A
Gross Profit	N/A
R&D Expenses	N/A
SG&A Expenses	N/A
Operating Income	N/A
Interest Expense	N/A
Income Tax	N/A
Net Income	-$2.2M
EPS (Diluted)	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A
Net Income	-$2.0M-381.5%	$715K+7844.4%	$9K+101.0%	-$910K
EPS (Diluted)	N/A	N/A	N/A	N/A

GDOG Balance Sheet

Metric	FY25
Total Assets	$3.9M
Current Assets	N/A
Cash & Equivalents	N/A
Inventory	N/A
Accounts Receivable	N/A
Goodwill	N/A
Total Liabilities	$0
Current Liabilities	N/A
Long-Term Debt	N/A
Total Equity	$3.9M
Retained Earnings	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$3.9M	N/A	N/A	N/A
Current Assets	N/A	N/A	N/A	N/A
Cash & Equivalents	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$0	N/A	N/A	N/A
Current Liabilities	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	$3.9M	N/A	N/A	N/A
Retained Earnings	N/A	N/A	N/A	N/A

GDOG Cash Flow Statement

Metric	FY25
Operating Cash Flow	-$6.2M
Capital Expenditures	N/A
Free Cash Flow	N/A
Investing Cash Flow	N/A
Financing Cash Flow	$6.2M
Dividends Paid	N/A
Share Buybacks	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A

GDOG Financial Ratios

Metric	FY25
Gross Margin	N/A
Operating Margin	N/A
Net Margin	N/A
Return on Equity	-56.2%
Return on Assets	-56.2%
Current Ratio	N/A
Debt-to-Equity	0.00
FCF Margin	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A
Return on Equity	-51.4%	N/A	N/A	N/A
Return on Assets	-51.4%	N/A	N/A	N/A
Current Ratio	N/A	N/A	N/A	N/A
Debt-to-Equity	0.00	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is Grayscale Dogecoin Trust ETF profitable?

No, Grayscale Dogecoin Trust ETF (GDOG) reported a net income of -$2.2M in fiscal year 2025.

What is Grayscale Dogecoin Trust ETF's return on equity (ROE)?

Grayscale Dogecoin Trust ETF (GDOG) has a return on equity of -56.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Grayscale Dogecoin Trust ETF's operating cash flow?

Grayscale Dogecoin Trust ETF (GDOG) generated -$6.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Grayscale Dogecoin Trust ETF's total assets?

Grayscale Dogecoin Trust ETF (GDOG) had $3.9M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Grayscale Dogecoin Trust ETF have outstanding?

Grayscale Dogecoin Trust ETF (GDOG) had 284,700 shares outstanding as of fiscal year 2025.

What is Grayscale Dogecoin Trust ETF's debt-to-equity ratio?

Grayscale Dogecoin Trust ETF (GDOG) 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 Grayscale Dogecoin Trust ETF's return on assets (ROA)?

Grayscale Dogecoin Trust ETF (GDOG) had a return on assets of -56.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Are Grayscale Dogecoin Trust ETF's earnings high quality?

Grayscale Dogecoin Trust ETF (GDOG) has an earnings quality ratio of 2.80x, 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.