Grayscale XRP Trust ETF (GXRP) Financials
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 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).
The reported figures describe an asset-holding trust whose losses and cash movements reflect fund activity, not operating sales.
Operating cash flow was-$248M while financing cash flow was$248M , a pairing that makes conventional cash-conversion analysis misleading: fund-level capital movements dominate the statement. With no reported liabilities against$223M of assets, the structure is unlevered, so changes in reported equity are tied more to investor flows and asset values than to borrowing costs.
The trust reported a net loss of
The filing shows
Financial Health Signals
We do not publish a peer-relative financial health score for Grayscale XRP Trust ETF, because the score only covers companies whose filings and listing give us what it needs to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.
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 generated $0 in revenue in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative.
Grayscale XRP Trust ETF reported $26.1M in net income in Q3 2026. This represents an increase of 805.9% 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.
Not reported for Q3 2026.
Not reported for Q3 2026.
Cash & Balance Sheet
Not reported for Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Grayscale XRP Trust ETF's quarterly ROE was 26.8% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 9.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 56.1 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 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: 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | 26.8%+9.7pp | -29.3%-38.5pp | -56.7%-53.1pp | -18.6%-87.8pp | 17.0% | 9.1% | -3.6% | 69.2% |
| Return on Assets | 26.8% | -29.3% | -56.7% | -18.6%-87.8pp | N/A | N/A | N/A | 69.2% |
| Liabilities-to-Equity | 0.00 | 0.00 | 0.00 | 0.000.0x | N/A | N/A | N/A | 0.00 |
| Asset Turnover | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Debt-to-Equity, FCF Margin.
Where Grayscale XRP Trust ETF Ranks
Frequently Asked Questions
No, Grayscale XRP Trust ETF (GXRP) reported a net loss of $67.2M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net loss of $37.9M.
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.
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.
Grayscale XRP Trust ETF (GXRP) had $223.4M in total assets as of fiscal year 2025, including both current and long-term assets.
Grayscale XRP Trust ETF (GXRP) 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 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.
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.