EPS (Diluted)Not reportedfor the trailing 12 months
Free Cash FlowNot reportedfor the trailing 12 months
Source SEC Filings (10-K/10-Q)Latest period Q3 FY2026, ended Sep 30, 2026ReportedCurrency USDFYE December
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 SIVR SEC filings page.
This page shows abrdn Physical Silver Shares ETF (SIVR) financial statements, including the
income statement, balance sheet, cash flow statement, and key financial ratios.
View 15 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).
Rhea AISIVRFY2025
This fund behaves like an asset-value vehicle: reported earnings swing with portfolio scale, while liabilities remain negligible.
From FY2024 to FY2025, total assets expanded 282.1% while net income expanded 1217.9%, a mismatch that points to asset-value movement as the dominant earnings driver. ROA then rose from 15.1% to 52.2%, reinforcing that this is an asset-marking result rather than a conventional sales-and-cost engine.
The latest reported scale was $5.43B of assets and $2.84B of net income, while revenue and operating cash flow are not reported; this is not an operating-margin story. Net income moved from a $13M loss in FY2023 to $215M in FY2024, showing how sharply reported earnings can change without a sales series to anchor them.
Liabilities were $1.37M against $5.43B of assets, leaving the balance sheet almost entirely equity-funded; leverage is therefore not the main explanation for performance. Both ROA and ROE were 52.2% in FY2025, consistent with returns being driven by asset performance rather than financing structure.
Financial Health Signals
Financial health score not available
We do not publish a peer-relative financial health score for abrdn Physical Silver Shares ETF, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The metrics below are current.
abrdn Physical Silver Shares ETF reported $113.6M in net income in Q3 2026. This represents a decrease of 81.8% 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.
Revenue
Not reported for Q3 2026.
EBITDA
Not reported for Q3 2026.
EPS (Diluted)
Not reported for Q3 2026.
Cash & Balance Sheet
Shares Outstanding
72M
YoY-2.3%
QoQ+0.6%
5Y CAGR+10.4%
10Y CAGR+13.7%
abrdn Physical Silver Shares ETF had 72M shares outstanding in Q3 2026. This represents a decrease of 2.3% from the same quarter a year earlier. Against the prior quarter it is up 0.6%.
Free Cash Flow
Not reported for Q3 2026.
Cash & Debt
Not reported for Q3 2026.
Dividends Per Share
Not reported for Q3 2026.
Margins & Returns
Return on Equity
2.7%
YoY-18.1pp
QoQ+26.6pp
5Y change+22.2pp
10Y change-2.1pp
abrdn Physical Silver Shares ETF's quarterly ROE was 2.7% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 18.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 26.6 percentage points.
Gross Margin
Not reported for Q3 2026.
Operating Margin
Not reported for Q3 2026.
Net Margin
Not reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 2026.
SIVR 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: Revenue, Cost of Revenue, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, EPS (Diluted), Diluted Shares (Avg).
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, EPS (Diluted), Diluted Shares (Avg).
TTM is the trailing twelve months, Q4 FY2025 through Q3 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.
SIVR 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.
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.
Not reported in any period shown, so not listed: Current Assets, Cash & Equivalents, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.
SIVR 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.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2025 through Q3 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.
SIVR 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Debt-to-Equity, Asset Turnover, FCF Margin.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Debt-to-Equity, Asset Turnover, FCF Margin.
Yes, abrdn Physical Silver Shares ETF (SIVR) reported a net income of $1.1B over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $2.8B.
abrdn Physical Silver Shares ETF (SIVR) has a return on equity of 52.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
abrdn Physical Silver Shares ETF (SIVR) had $5.4B in total assets as of fiscal year 2025, including both current and long-term assets.
abrdn Physical Silver Shares ETF (SIVR) had 77M shares outstanding as of fiscal year 2025.
abrdn Physical Silver Shares ETF (SIVR) 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.
abrdn Physical Silver Shares ETF (SIVR) had a return on assets of 52.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
