Invesco Galaxy Ethereum ETF (QETH) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 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).
The fund’s operating cash outflow was offset by financing, while its asset base remained overwhelmingly equity-funded in FY2025.
Operating cash flow was-$4.1M against a net loss of-$1.8M , so accounting losses understated the period’s cash demand. Financing cash flow of$4.1M nearly offset that operating outflow, revealing that the reported cash cycle was funded externally rather than by operating receipts.
The balance sheet held
ROA and ROE were both
Financial Health Signals
Invesco Galaxy Ethereum 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.
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 Q2 2026.
Invesco Galaxy Ethereum ETF reported -$5.0M in net income in Q2 2026. This represents a decrease of 189.8% from the same quarter a year earlier. Against the prior quarter it is up 33.6%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Invesco Galaxy Ethereum ETF held $0 in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Invesco Galaxy Ethereum ETF's ROE was -32.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 56.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.7 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Invesco Galaxy Ethereum ETF repurchased no shares in Q2 2026. Against the prior quarter it is down 100.0%.
Not reported for Q2 2026.
Not reported for Q2 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.6M-31.2% | $18.9M+37.6% | $25.9M+9.7% | $39.0M+91.4% | $22.7M+22554.5% | $13.7M | $23.6M | $20.4M |
| Cash & Equivalents | $0 | $0 | $0 | $0 | $0-100.0% | $0 | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3K-28.4% | $4K+28.7% | $6K-7.2% | $8K+189.3% | $5K | $3K | $6K | $3K |
| Total Equity | $15.6M-31.2% | $18.9M+37.6% | $25.8M+9.7% | $39.0M+91.4% | $22.6M+22549.7% | $13.7M | $23.6M | $20.4M |
| Retained Earnings | -$10.2M-468.0% | -$5.2M+29.0% | $2.3M-44.2% | $12.3M+450.4% | -$1.8M | -$7.3M | $4.1M | -$3.5M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.7M+50.6% | -$542K+66.2% | $3.1M-30.3% | -$2.2M+90.8% | -$3.4M | -$1.6M | $4.4M | -$23.9M |
| Financing Cash Flow | $1.7M-50.6% | $542K-66.2% | -$3.1M+30.3% | $2.2M-90.8% | $3.4M | $1.6M | -$4.4M | $23.9M |
| Share Buybacks | $0 | $9.3M+540.7% | $8.6M-19.9% | $24.8M+24657.5% | $0 | $1.5M | $10.7M | $100K |
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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -32.0%-56.5pp | -39.7%+43.6pp | N/A | 36.3%+53.5pp | 24.5% | -83.3% | N/A | -17.3% |
| Return on Assets | -32.0%-56.5pp | -39.6%+43.6pp | N/A | 36.3%+53.5pp | 24.5% | -83.2% | N/A | -17.3% |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.00 | 0.00 | 0.00 |
| Asset Turnover | 0.000.0x | 0.000.0x | N/A | 0.000.0x | 0.00 | 0.00 | N/A | 0.00 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, FCF Margin.
Where Invesco Galaxy Ethereum ETF Ranks
Frequently Asked Questions
What is Invesco Galaxy Ethereum ETF's annual revenue?
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.
Is Invesco Galaxy Ethereum ETF profitable?
No, Invesco Galaxy Ethereum ETF (QETH) reported a net income of -$1.8M in fiscal year 2025.
What is Invesco Galaxy Ethereum ETF's return on equity (ROE)?
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.
What is Invesco Galaxy Ethereum ETF's operating cash flow?
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.
What are Invesco Galaxy Ethereum ETF's total assets?
Invesco Galaxy Ethereum ETF (QETH) had $25.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Invesco Galaxy Ethereum ETF's debt-to-equity ratio?
Invesco Galaxy Ethereum ETF (QETH) 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 Invesco Galaxy Ethereum ETF's return on assets (ROA)?
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.
How does Invesco Galaxy Ethereum ETF's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Invesco Galaxy Ethereum ETF (QETH) held $0 in cash, cash equivalents and investments, and reported an operating cash outflow of $4.1M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Are Invesco Galaxy Ethereum ETF's earnings high quality?
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.