Grayscale Litecoin Trust Financials
This page shows Grayscale Litecoin Trust (LTCN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
A debt-free, balance-sheet-driven structure makes results swing with asset value changes rather than operating revenue.
Because liabilities stayed at$0 from FY2022 through FY2025, return on assets and return on equity matched exactly each year, so gains and losses were not being amplified by borrowing. The move from-$144.3M net income in FY2022 to$79.3M in FY2023, then-$52.3M in FY2024 and$19.4M in FY2025, shows reported earnings behaving more like periodic revaluation of assets than output from a recurring operating model.
With total assets equal to total equity in every reported year, the capital structure is unusually clean: there is no debt-service drag, but also no leverage to smooth or magnify returns. Assets still rose from
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
We are recalculating Grayscale Litecoin Trust's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Key Financial Metrics
Earnings & Revenue
Grayscale Litecoin Trust reported $19.4M in net income in fiscal year 2025. This represents an increase of 137.1% from the prior year.
Cash & Balance Sheet
Margins & Returns
Grayscale Litecoin Trust's ROE was 11.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 50.1 percentage points from the prior year.
Capital Allocation
LTCN Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 | -$45.7M+25.9% | -$61.7M-260.1% | $38.5M | N/A | -$41.3M-160.6% | $68.1M+585.3% | -$14.0M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LTCN Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $107.0M-29.9% | $152.7M-28.8% | $214.4M+21.9% | $175.9M+3.9% | $169.3M-18.9% | $208.8M+63.7% | $127.5M-4.7% | $133.8M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $107.0M-29.9% | $152.7M-28.8% | $214.4M+21.9% | $175.9M+3.9% | $169.3M-18.9% | $208.8M+63.7% | $127.5M-4.7% | $133.8M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LTCN Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -42.7%-2.3pp | -40.4%-58.4pp | 18.0% | N/A | -24.4%-57.0pp | 32.6%+43.6pp | -11.0% | N/A |
| Return on Assets | -42.7%-2.3pp | -40.4%-58.4pp | 18.0% | N/A | -24.4%-57.0pp | 32.6%+43.6pp | -11.0% | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is Grayscale Litecoin Trust profitable?
Yes, Grayscale Litecoin Trust (LTCN) reported a net income of $19.4M in fiscal year 2025.
What is Grayscale Litecoin Trust's return on equity (ROE)?
Grayscale Litecoin Trust (LTCN) has a return on equity of 11.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What are Grayscale Litecoin Trust's total assets?
Grayscale Litecoin Trust (LTCN) had $175.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Grayscale Litecoin Trust's debt-to-equity ratio?
Grayscale Litecoin Trust (LTCN) 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 Litecoin Trust's return on assets (ROA)?
Grayscale Litecoin Trust (LTCN) had a return on assets of 11.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.