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iShares Bitcoin Trust ETF Financials

IBIT
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows iShares Bitcoin Trust ETF (IBIT) 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).

Financial Health Signals

Earnings Quality Low Quality
2.22x

For every $1 of reported earnings, iShares Bitcoin Trust ETF generates $2.22 in operating cash flow (-$19.9B OCF vs -$9.0B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
-$9.0B
YoY-163.0%

iShares Bitcoin Trust ETF reported -$9.0B in net income in fiscal year 2025. This represents a decrease of 163.0% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
N/A
Dividends Per Share
N/A
Shares Outstanding
1.35B

iShares Bitcoin Trust ETF had 1.35B shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

IBIT Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A -$53.3M-37.8% -$38.7M-17.7% -$32.9M N/A -$11.5M-16.1% -$9.9M-215.4% -$3.1M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income N/A $4.7B-67.7% $14.5B+324.0% -$6.5B N/A $107.0M+105.1% -$2.1B-155.5% $3.8B
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

IBIT Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $2.2B+130.9% -$7.0B+43.0% -$12.4B-362.2% -$2.7B+83.0% -$15.8B-318.1% -$3.8B-0.1% -$3.8B+73.0% -$14.0B
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Financing Cash Flow -$2.2B-130.9% $7.0B-43.0% $12.4B+362.2% $2.7B-83.0% $15.8B+318.1% $3.8B+0.1% $3.8B-73.0% $14.0B
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

Frequently Asked Questions

No, iShares Bitcoin Trust ETF (IBIT) reported a net income of -$9.0B in fiscal year 2025.

iShares Bitcoin Trust ETF (IBIT) generated -$19.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

iShares Bitcoin Trust ETF (IBIT) had 1.35B shares outstanding as of fiscal year 2025.

iShares Bitcoin Trust ETF (IBIT) has an earnings quality ratio of 2.22x, considered low quality (accrual-driven). 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.

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