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Grayscale Dogecoin Trust ETF (GDOG) Financials

GDOG NYSE
Trailing 12 months to September 30, 2026
Revenue Not reported for the trailing 12 months
Net Income -$4.8M YoY not available
EPS (Diluted) Not reported for the trailing 12 months
Operating Cash Flow -$6.2M FY2025 annual
Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Sep 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2026, filed Nov 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GDOG SEC filings page.

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).

Rhea AI GDOG FY2025

The trust reports asset holdings and financing-driven cash movement, not the revenue-and-margin pattern of an operating business.

The trust's reported operating cash flow was -$6.2M while financing cash flow was $6.2M, so the period's cash movement came from financing rather than business receipts. That pattern sits beside a net loss of $2.2M and $3.9M of assets, indicating a vehicle funded through transactions rather than an operating company producing revenue.

The trust reported $0 of liabilities against $3.9M of assets, so its reported capital structure was unlevered at year-end; however, no revenue, gross profit, or free-cash-flow figures are supplied to assess operating economics.

Some figures from recent filings were inconsistent and were omitted from this summary.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

We do not publish a peer-relative financial health score for Grayscale Dogecoin Trust ETF, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.

Earnings Quality No Cash Backing
N/A

Grayscale Dogecoin Trust ETF reported a net loss of $2.2M while operations used $6.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Net Income
$2.1M
YoY+189.2%
QoQn/m

Grayscale Dogecoin Trust ETF reported $2.1M in net income in Q3 2026. This represents an increase of 189.2% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Revenue

Not reported for Q3 2026.

EBITDA

Not reported for Q3 2026.

EPS (Diluted)

Not reported for Q3 2026.

Cash & Balance Sheet

Shares Outstanding
1M
QoQ+43.1%

Grayscale Dogecoin Trust ETF had 1M shares outstanding in Q3 2026. Against the prior quarter it is up 43.1%.

Free Cash Flow

Not reported for Q3 2026.

Cash & Debt

Not reported for Q3 2026.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Return on Equity
15.2%
QoQ+47.1pp

Grayscale Dogecoin Trust ETF's quarterly ROE was 15.2% in Q3 2026: one quarter's net income over shareholder equity, not annualized. Against the prior quarter it is up 47.1 percentage points.

Gross Margin

Not reported for Q3 2026.

Operating Margin

Not reported for Q3 2026.

Net Margin

Not reported for Q3 2026.

Capital Allocation

None of these metrics is reported for Q3 2026.

GDOG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GDOG quarterly income statement
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Net Income$2.1M+189.2%-$2.4M-24330.0%-$2.4Mn/m-$2.0M$715K$10K-$911K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

GDOG Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GDOG quarterly balance sheet
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Total Assets$14.2M$7.6M$6.8M$3.9MN/AN/AN/A
Total Liabilities$551K$0$0$0N/AN/AN/A
Total Equity$13.6M$7.6M$6.8M$3.9MN/AN/AN/A

Not reported in any period shown, so not listed: Current Assets, Cash & Equivalents, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.

GDOG Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GDOG quarterly cash flow statement
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

GDOG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GDOG quarterly financial ratios
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-Q
Return on Equity15.2%-31.9%-35.8%-51.4%N/AN/AN/A
Return on Assets14.6%-31.9%-35.8%-51.4%N/AN/AN/A
Liabilities-to-Equity0.040.000.000.00N/AN/AN/A

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Debt-to-Equity, Asset Turnover, FCF Margin.

Frequently Asked Questions

No, Grayscale Dogecoin Trust ETF (GDOG) reported a net loss of $4.8M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net loss of $2.2M.

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.

Grayscale Dogecoin Trust ETF (GDOG) recorded an outflow of $6.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

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

Grayscale Dogecoin Trust ETF (GDOG) had 624,700 shares outstanding as of fiscal year 2025.

Grayscale Dogecoin Trust ETF (GDOG) had a liabilities-to-equity ratio of 0.00 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.

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.

Grayscale Dogecoin Trust ETF (GDOG) reported a net loss of $2.2M while operations used $6.2M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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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