Grayscale Horizen Trust (HZEN) Financials
Newest figures come from the 10-Q for Q3 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 HZEN SEC filings page.
This page shows Grayscale Horizen Trust (HZEN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
The dominant business mechanic is capital-base volatility: earnings swing sharply while leverage stays absent and the share count expands.
ROE swung from81.9% to-51.9% , reflecting volatile earnings against a relatively small equity base rather than debt leverage. That interpretation is supported by reported liabilities of$0 and debt-to-equity of 0.0x throughout the periods.
Assets contracted from
Shares outstanding rose from 6.8M to 11.4M, indicating a materially larger equity base. By FY2025, assets were
Financial Health Signals
Grayscale Horizen Trust does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
Grayscale Horizen Trust reported -$1.5M in net income in Q3 2026. This represents a decrease of 8.0% from the same quarter a year earlier. Against the prior quarter it is up 54.4%.
Not reported for Q3 2026.
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 Horizen Trust's ROE was -40.6% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 20.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 22.8 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.
HZEN 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).
HZEN 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-K | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.8M-46.8% | $5.3M-36.8% | $8.7M-66.3% | $7.5M+56.9% | $7.1M+80.9% | $8.4M-4.5% | $25.7M+370.9% | $4.8M+2.1% |
| Total Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $3.8M-46.8% | $5.3M-36.8% | $8.7M-66.3% | $7.5M+56.9% | $7.1M+80.9% | $8.4M-4.5% | $25.7M+370.9% | $4.8M+2.1% |
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.
HZEN 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-K | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -40.6%-20.6pp | -63.3%+153.5pp | 13.7%-46.1pp | N/A | -20.0%+104.4pp | -216.8%-254.8pp | 59.8%+45.4pp | N/A |
| Return on Assets | -40.6%-20.6pp | -63.3%+153.5pp | 13.7%-46.1pp | N/A | -20.0%+104.4pp | -216.8%-254.8pp | 59.8%+45.4pp | N/A |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.
Where Grayscale Horizen Trust Ranks
Frequently Asked Questions
Is Grayscale Horizen Trust profitable?
No, Grayscale Horizen Trust (HZEN) reported a net income of -$3.9M in fiscal year 2025.
What is Grayscale Horizen Trust's return on equity (ROE)?
Grayscale Horizen Trust (HZEN) has a return on equity of -51.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What are Grayscale Horizen Trust's total assets?
Grayscale Horizen Trust (HZEN) had $7.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Grayscale Horizen Trust's debt-to-equity ratio?
Grayscale Horizen Trust (HZEN) 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 Horizen Trust's return on assets (ROA)?
Grayscale Horizen Trust (HZEN) had a return on assets of -51.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.