Grayscale XRP Trust ETF (GXRP) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GXRP SEC filings page.
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).
Reported cash movements, not sales economics, dominate the picture: a large outflow is offset by financing while liabilities remain absent.
The key disconnect is between the net loss of-$37.9M and operating cash flow of-$248.1M : cash movements were far larger than the accounting loss, so earnings alone do not explain the reported funding activity. That outflow was matched by financing cash flow of$248.1M , while total liabilities were$0 ; the reported funding mechanism therefore was not debt reflected on the year-end balance sheet.
At FY2025-end, total assets and equity were both
The negative return profile is broad rather than leverage-specific: ROA and ROE were both
Financial Health Signals
Grayscale XRP Trust ETF does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Grayscale XRP Trust ETF reported a net loss of $37.9M while operations used $248.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Grayscale XRP Trust ETF reported -$16.8M in net income in Q2 2026. This represents a decrease of 1528.8% from the same quarter a year earlier. Against the prior quarter it is up 51.7%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Grayscale XRP Trust ETF's ROE was -29.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 38.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 27.4 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
GXRP 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.
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).
GXRP 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.
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.
GXRP 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.
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.
GXRP 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.
Where Grayscale XRP Trust ETF Ranks
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) recorded an outflow of $248.1M in operating cash flow during fiscal year 2025, representing cash used by 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) reported a net loss of $37.9M while operations used $248.1M 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.