This page shows VanEck Bitcoin ETF (HODL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Earnings & Revenue
VanEck Bitcoin ETF reported -$194.0M in net income in fiscal year 2025. This represents a decrease of 146.3% from the prior year.
Cash & Balance Sheet
VanEck Bitcoin ETF had 59M shares outstanding in fiscal year 2025. This represents an increase of 22.5% from the prior year.
Margins & Returns
VanEck Bitcoin ETF's ROE was -22.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 71.2 percentage points from the prior year.
Capital Allocation
HODL Income Statement
| Metric | Q3'26 | Q3'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|
| 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 | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A |
HODL Balance Sheet
| Metric | Q3'26 | Q3'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|
| Total Assets | $1.4B+8.5% | $1.3B+100.4% | $639.1M+638986.0% | $100K |
| Current Assets | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $0 | $0 | N/A | $100K |
| Inventory | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | $20.0M | N/A |
| Goodwill | N/A | N/A | N/A | N/A |
| Total Liabilities | $6.8M-98.4% | $419.0M+1991.1% | $20.0M | $0 |
| Current Liabilities | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A |
| Total Equity | $1.2B+34.3% | $861.5M+39.2% | $619.1M+618950.0% | $100K |
| Retained Earnings | N/A | N/A | N/A | N/A |
HODL Financial Ratios
| Metric | Q3'26 | Q3'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|
| 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 | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A |
| Current Ratio | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.01-0.5 | 0.49+0.5 | 0.03+0.0 | 0.00 |
| FCF Margin | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is VanEck Bitcoin ETF profitable?
No, VanEck Bitcoin ETF (HODL) reported a net income of -$194.0M in fiscal year 2025.
What is VanEck Bitcoin ETF's return on equity (ROE)?
VanEck Bitcoin ETF (HODL) has a return on equity of -22.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What are VanEck Bitcoin ETF's total assets?
VanEck Bitcoin ETF (HODL) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What is VanEck Bitcoin ETF's debt-to-equity ratio?
VanEck Bitcoin ETF (HODL) had a debt-to-equity ratio of 0.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is VanEck Bitcoin ETF's return on assets (ROA)?
VanEck Bitcoin ETF (HODL) had a return on assets of -14.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.