Grayscale XRP Trust ETF Financials
This page shows Grayscale XRP Trust ETF (GXRP) 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
For every $1 of reported earnings, Grayscale XRP Trust ETF generates $6.55 in operating cash flow (-$248.1M OCF vs -$37.9M 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
Earnings & Revenue
Grayscale XRP Trust ETF reported -$37.9M in net income in fiscal year 2025.
Cash & Balance Sheet
Grayscale XRP Trust ETF had 6M shares outstanding in fiscal year 2025.
Margins & Returns
Grayscale XRP Trust ETF's ROE was -17.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Grayscale XRP Trust ETF spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
GXRP Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$41.5M-1542.3% | $2.9M+144.2% | $1.2M+382.1% | -$418K-105.8% | $7.2M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A |
GXRP Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|
| Total Assets | $223.4M | N/A | N/A | N/A | $10.4M |
| Current Assets | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | N/A | N/A | N/A | N/A | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $0 | N/A | N/A | N/A | $0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $223.4M | N/A | N/A | N/A | $10.4M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A |
GXRP Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
GXRP Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -18.6% | N/A | N/A | N/A | 69.2% |
| Return on Assets | -18.6% | N/A | N/A | N/A | 69.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.00 | N/A | N/A | N/A | 0.00 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is Grayscale XRP Trust ETF profitable?
No, Grayscale XRP Trust ETF (GXRP) reported a net income of -$37.9M in fiscal year 2025.
What is Grayscale XRP Trust ETF's return on equity (ROE)?
Grayscale XRP Trust ETF (GXRP) has a return on equity of -17.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Grayscale XRP Trust ETF's operating cash flow?
Grayscale XRP Trust ETF (GXRP) generated -$248.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Grayscale XRP Trust ETF's total assets?
Grayscale XRP Trust ETF (GXRP) had $223.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Grayscale XRP Trust ETF's debt-to-equity ratio?
Grayscale XRP Trust ETF (GXRP) 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 XRP Trust ETF's return on assets (ROA)?
Grayscale XRP Trust ETF (GXRP) had a return on assets of -17.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Are Grayscale XRP Trust ETF's earnings high quality?
Grayscale XRP Trust ETF (GXRP) has an earnings quality ratio of 6.55x, 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.