Invesco Galaxy Ethereum ETF (QETH) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Nov 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the QETH SEC filings page.
Invesco Galaxy Ethereum ETF (QETH) reported $0 in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 figures describe an asset base and offsetting cash flows, not the revenue-and-expense engine of a conventional operating business.
The cash-flow pattern pairs operating cash flow of-$4.1M with financing cash flow of$4.1M , indicating that reported cash movement was offset by financing activity rather than operating inflows.
The fund reported total assets of
With total liabilities of only
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
We do not publish a peer-relative financial health score for Invesco Galaxy Ethereum ETF, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Invesco Galaxy Ethereum ETF reported a net loss of $1.8M while operations used $4.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Invesco Galaxy Ethereum ETF generated $0 in revenue 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.
Invesco Galaxy Ethereum ETF reported $10.3M in net income in Q3 2026. This represents a decrease of 27.1% from the same quarter a year earlier. 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.
Cash & Balance Sheet
Invesco Galaxy Ethereum ETF held $0 in cash as of Q3 2026; no long-term debt figure is on record for that period.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Invesco Galaxy Ethereum ETF's quarterly ROE was 40.6% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 4.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 72.5 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
Invesco Galaxy Ethereum ETF spent $5.4M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 78.1% from the same quarter a year earlier. 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.
QETH 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: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
QETH 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-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $25.4M-34.9% | $15.6M-31.2% | $18.9M+37.6% | $25.9M+9.7% | $39.0M+91.4% | $22.7M+22554.5% | $13.7M | $23.6M |
| Cash & Equivalents | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0-100.0% | $0 | $0 |
| Total Liabilities | $5K-30.6% | $3K-28.4% | $4K+28.7% | $6K-7.2% | $8K+189.3% | $5Kn/m | $3K | $6K |
| Total Equity | $25.4M-34.9% | $15.6M-31.2% | $18.9M+37.6% | $25.8M+9.7% | $39.0M+91.4% | $22.6M+22549.7% | $13.7M | $23.6M |
| Retained Earnings | $111K-99.1% | -$10.2Mn/m | -$5.2Mn/m | $2.3M-44.2% | $12.3Mn/m | -$1.8M | -$7.3M | $4.1M |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
QETH Cash Flow 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $41Kn/m | -$1.7Mn/m | -$542Kn/m | $3.1M-30.3% | -$2.2Mn/m | -$3.4M | -$1.6M | $4.4M |
| Financing Cash Flow | -$41K-101.9% | $1.7M-50.6% | $542K-66.2% | -$3.1Mn/m | $2.2M-90.8% | $3.4M | $1.6M | -$4.4M |
| Share Buybacks | $5.4M-78.1% | $0n/m | $9.3M+540.7% | $8.6M-19.9% | $24.8M+24657.5% | $0 | $1.5M | $10.7M |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid.
QETH 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-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | 40.6%+4.3pp | -32.0%-56.5pp | -39.7%+43.6pp | -38.9% | 36.3%+53.5pp | 24.5% | -83.3% | N/A |
| Return on Assets | 40.6%+4.3pp | -32.0%-56.5pp | -39.6%+43.6pp | -38.9% | 36.3%+53.5pp | 24.5% | -83.2% | N/A |
| Liabilities-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.00 | 0.00 |
| Asset Turnover | 0.000.0x | 0.000.0x | 0.000.0x | N/A | 0.000.0x | 0.00 | 0.00 | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Debt-to-Equity, FCF Margin.
Where Invesco Galaxy Ethereum ETF Ranks
Frequently Asked Questions
Invesco Galaxy Ethereum ETF (QETH) reported $0 in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
No, Invesco Galaxy Ethereum ETF (QETH) reported a net loss of $1.8M in fiscal year 2025.
Invesco Galaxy Ethereum ETF (QETH) has a return on equity of -7.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Invesco Galaxy Ethereum ETF (QETH) recorded an outflow of $4.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Invesco Galaxy Ethereum ETF (QETH) had $25.9M in total assets as of fiscal year 2025, including both current and long-term assets.
Invesco Galaxy Ethereum ETF (QETH) 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.
Invesco Galaxy Ethereum ETF (QETH) had a return on assets of -7.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Invesco Galaxy Ethereum ETF (QETH) reported a net loss of $1.8M while operations used $4.1M 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.