Bitwise MARA Option Income Strategy ETF Financials
This page shows Bitwise MARA Option Income Strategy ETF (IMRA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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
Bitwise MARA Option Income Strategy ETF does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Bitwise MARA Option Income Strategy ETF passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
Bitwise MARA Option Income Strategy ETF reported a net loss of $103.7M while operations used $70.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Bitwise MARA Option Income Strategy ETF's EBITDA was -$119.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 14.5% from the prior year.
Bitwise MARA Option Income Strategy ETF reported -$103.7M in net income in fiscal year 2025. This represents a decrease of 16.5% from the prior year.
Bitwise MARA Option Income Strategy ETF earned -$1.83 per diluted share (EPS) in fiscal year 2025. This represents an increase of 3.2% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Bitwise MARA Option Income Strategy ETF recorded an outflow of $70.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 3.8% from the prior year.
Bitwise MARA Option Income Strategy ETF held $98.9M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Bitwise MARA Option Income Strategy ETF's ROE was -22.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 6.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Bitwise MARA Option Income Strategy ETF invested $85.9M in research and development in fiscal year 2025. This represents an increase of 6.3% from the prior year.
Bitwise MARA Option Income Strategy ETF invested $158K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 259.1% from the prior year.
Not reported for fiscal year 2025.
IMRA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| R&D Expenses | N/A | $85.9M+6.3% | $80.8M+25.1% | $64.6M+108.2% | $31.0M+51.5% | $20.5M-36.3% | $32.2M+69.2% | $19.0M |
| SG&A Expenses | N/A | $33.8M+42.2% | $23.8M+25.4% | $19.0M+144.0% | $7.8M+81.2% | $4.3M-55.1% | $9.5M+86.9% | $5.1M |
| Operating Income | N/A | -$119.7M-14.4% | -$104.6M-25.2% | -$83.5M-115.3% | -$38.8M-56.7% | -$24.8M+40.6% | -$41.7M-72.9% | -$24.1M |
| Income Tax | N/A | $0-100.0% | $232K | $0 | $0 | N/A | N/A | N/A |
| Net Income | N/A | -$103.7M-16.5% | -$89.0M-24.3% | -$71.6M-90.1% | -$37.7M-52.2% | -$24.7M+40.2% | -$41.4M-76.3% | -$23.5M |
| EPS (Diluted) | — | -$1.83+3.2% | -$1.89+6.0% | -$2.01 | -$12.05 | -$10.73 | N/A | N/A |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, Interest Expense.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
IMRA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $476.2M+46.2% | $325.8M+19.8% | $271.9M+226.4% | $83.3M-26.5% | $113.3M+24.8% | $90.8M+172.8% | $33.3M |
| Current Assets | $474.9M+49.3% | $318.1M+19.5% | $266.2M+242.3% | $77.8M-29.7% | $110.7M+22.4% | $90.4M+195.2% | $30.6M |
| Cash & Equivalents | $98.9M-20.3% | $124.1M+23.9% | $100.1M+32.6% | $75.5M-31.3% | $110.0M+130.7% | $47.7M+866.3% | $4.9M |
| Total Liabilities | $16.6M+4.1% | $15.9M-38.7% | $26.0M-83.8% | $160.1M+2.5% | $156.2M+40.6% | $111.1M+35.3% | $82.1M |
| Current Liabilities | $16.6M+4.1% | $15.9M-38.5% | $25.9M+166.5% | $9.7M+68.9% | $5.8M-7.9% | $6.2M+48.8% | $4.2M |
| Total Equity | $459.6M+48.3% | $309.8M+26.0% | $245.9M+420.1% | -$76.8M-79.1% | -$42.9M-111.2% | -$20.3M+58.4% | -$48.8M |
| Retained Earnings | -$347.2M-42.6% | -$243.5M-57.6% | -$154.4M-86.4% | -$82.9M-83.3% | -$45.2M+53.0% | -$96.1M-75.5% | -$54.8M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
IMRA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$65.5M | -$70.3M+3.9% | -$73.2M-19.5% | -$61.3M-91.0% | -$32.1M-67.6% | -$19.1M+48.8% | -$37.4M-70.9% | -$21.9M |
| Capital Expenditures | $138K | $158K+259.1% | $44K-70.5% | $149K-75.7% | $612K+220.4% | $191K+961.1% | $18K-87.1% | $140K |
| Free Cash Flow | -$65.6M | -$70.5M+3.8% | -$73.2M-19.2% | -$61.4M-87.9% | -$32.7M-69.2% | -$19.3M+48.4% | -$37.4M-69.9% | -$22.0M |
| Investing Cash Flow | -$132.7M | -$173.8M-382.9% | -$36.0M+75.7% | -$148.4M-24150.3% | -$612K-220.4% | -$191K+98.9% | -$16.7M+30.5% | -$24.1M |
| Financing Cash Flow | $228.7M | $218.9M+64.4% | $133.2M-43.2% | $234.3M+13123.1% | -$1.8M-77.1% | -$1.0M-101.0% | $96.9M+122.3% | $43.6M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
IMRA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Return on Equity | -22.6%+6.2pp | -28.7%+0.4pp | -29.1% | N/A | N/A | N/A | N/A |
| Return on Assets | -21.8%+5.5pp | -27.3%-1.0pp | -26.3%+18.9pp | -45.2%-23.4pp | -21.8%+23.7pp | -45.5%+24.9pp | -70.5% |
| Current Ratio | 28.66+8.7x | 19.99+9.7x | 10.28+2.3x | 8.00-11.2x | 19.24+4.8x | 14.47+7.2x | 7.29 |
| Debt-to-Equity | 0.040.0x | 0.05-0.1x | 0.11 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Where Bitwise MARA Option Income Strategy ETF Ranks
Frequently Asked Questions
Is Bitwise MARA Option Income Strategy ETF profitable?
No, Bitwise MARA Option Income Strategy ETF (IMRA) reported a net income of -$103.7M in fiscal year 2025.
What is Bitwise MARA Option Income Strategy ETF's EBITDA?
Bitwise MARA Option Income Strategy ETF (IMRA) had EBITDA of -$119.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Bitwise MARA Option Income Strategy ETF's return on equity (ROE)?
Bitwise MARA Option Income Strategy ETF (IMRA) has a return on equity of -22.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Bitwise MARA Option Income Strategy ETF's free cash flow?
Bitwise MARA Option Income Strategy ETF (IMRA) recorded an outflow of $70.5M in free cash flow during fiscal year 2025. This represents a 3.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Bitwise MARA Option Income Strategy ETF's operating cash flow?
Bitwise MARA Option Income Strategy ETF (IMRA) recorded an outflow of $70.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Bitwise MARA Option Income Strategy ETF's total assets?
Bitwise MARA Option Income Strategy ETF (IMRA) had $476.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bitwise MARA Option Income Strategy ETF's capital expenditures?
Bitwise MARA Option Income Strategy ETF (IMRA) invested $158K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Bitwise MARA Option Income Strategy ETF spend on research and development?
Bitwise MARA Option Income Strategy ETF (IMRA) invested $85.9M in research and development during fiscal year 2025.
What is Bitwise MARA Option Income Strategy ETF's current ratio?
Bitwise MARA Option Income Strategy ETF (IMRA) had a current ratio of 28.66 as of fiscal year 2025, which is generally considered healthy.
What is Bitwise MARA Option Income Strategy ETF's debt-to-equity ratio?
Bitwise MARA Option Income Strategy ETF (IMRA) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bitwise MARA Option Income Strategy ETF's return on assets (ROA)?
Bitwise MARA Option Income Strategy ETF (IMRA) had a return on assets of -21.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Bitwise MARA Option Income Strategy ETF's cash runway?
Based on fiscal year 2025 data, Bitwise MARA Option Income Strategy ETF (IMRA) had $98.9M in cash against an annual operating cash burn of $70.3M. This gives an estimated cash runway of approximately 17 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Bitwise MARA Option Income Strategy ETF's Piotroski F-Score?
Bitwise MARA Option Income Strategy ETF (IMRA) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bitwise MARA Option Income Strategy ETF's earnings high quality?
Bitwise MARA Option Income Strategy ETF (IMRA) reported a net loss of $103.7M while operations used $70.3M 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.