GRAYSCALE HORIZEN TR ZEN (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 TR ZEN (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 trust's reported results swing with asset values, while zero reported liabilities leave no debt-funded operating structure.
Between FY2021 and FY2022, total assets fell from$43.9M to$8.7M as reported net income shifted from$36.0M to a net loss of$35.2M . That pairing, followed by smaller gains and losses while assets remained near single-digit millions, indicates that reported performance reflects changes in the trust's holdings or their valuation rather than recurring operating sales.
The trust reports no revenue, operating cash flow, or free cash flow, so conventional operating measures cannot explain its results. Its reported figures instead describe asset value and investment-result fluctuations, not a sales-led business.
Total liabilities were
Financial Health Signals
GRAYSCALE HORIZEN TR ZEN 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 TR ZEN reported a net loss of $1.5M in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. 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.
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 TR ZEN's quarterly ROE was -40.6% in Q3 2026: one quarter's net income over shareholder equity, not annualized. 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 | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| 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 |
| Liabilities-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, Debt-to-Equity, Asset Turnover, FCF Margin.
Where GRAYSCALE HORIZEN TR ZEN Ranks
Frequently Asked Questions
Is GRAYSCALE HORIZEN TR ZEN profitable?
No, GRAYSCALE HORIZEN TR ZEN (HZEN) reported a net loss of $3.9M in fiscal year 2025.
What is GRAYSCALE HORIZEN TR ZEN's return on equity (ROE)?
GRAYSCALE HORIZEN TR ZEN (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 TR ZEN's total assets?
GRAYSCALE HORIZEN TR ZEN (HZEN) had $7.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What is GRAYSCALE HORIZEN TR ZEN's liabilities-to-equity ratio?
GRAYSCALE HORIZEN TR ZEN (HZEN) 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.
What is GRAYSCALE HORIZEN TR ZEN's return on assets (ROA)?
GRAYSCALE HORIZEN TR ZEN (HZEN) had a return on assets of -51.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.