Invesco DB US Dollar Bearish Financials
This page shows Invesco DB US Dollar Bearish (UDN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Invesco DB US Dollar Bearish has an operating margin of 83.5%, meaning the company retains $84 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 85.8% the prior year.
Invesco DB US Dollar Bearish's revenue surged 61.5% year-over-year to $4.9M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Invesco DB US Dollar Bearish carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Invesco DB US Dollar Bearish generates a 6.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is up from -6.8% the prior year.
Invesco DB US Dollar Bearish passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Invesco DB US Dollar Bearish generates $-8.72 in operating cash flow (-$78.5M OCF vs $9.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Invesco DB US Dollar Bearish earns $2922.9 in operating income for every $1 of interest expense ($4.1M vs $1K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Invesco DB US Dollar Bearish generated $4.9M in revenue in fiscal year 2025. This represents an increase of 61.5% from the prior year.
Invesco DB US Dollar Bearish's EBITDA was $4.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 243.8% from the prior year.
Invesco DB US Dollar Bearish reported $9.0M in net income in fiscal year 2025. This represents an increase of 360.8% from the prior year.
Cash & Balance Sheet
Invesco DB US Dollar Bearish held $0 in cash against $0 in long-term debt as of fiscal year 2025.
Invesco DB US Dollar Bearish had 7M shares outstanding in fiscal year 2025. This represents an increase of 162.5% from the prior year.
Margins & Returns
Invesco DB US Dollar Bearish's operating margin was 83.5% in fiscal year 2025, reflecting core business profitability. This is down 2.2 percentage points from the prior year.
Invesco DB US Dollar Bearish's net profit margin was 182.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 295.3 percentage points from the prior year.
Invesco DB US Dollar Bearish's ROE was 6.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 13.3 percentage points from the prior year.
Capital Allocation
Invesco DB US Dollar Bearish spent $29.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 4.9% from the prior year.
UDN Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4M-8.4% | $1.6M+18.1% | $1.3M+135.9% | $567K-21.9% | $727K+0.3% | $725K-2.8% | $746K-13.0% | $857K |
| 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 | $1.2M-9.2% | $1.3M+18.2% | $1.1M+137.4% | $472K-23.1% | $614K-1.3% | $622K-3.0% | $642K-13.4% | $740K |
| Interest Expense | $0 | $0-100.0% | $89-93.3% | $1K-33.3% | $2K+69.7% | $1K-21.9% | $1K-7.1% | $2K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$516K+30.7% | -$746K-109.4% | $7.9M+241.4% | $2.3M+150.0% | -$4.6M-255.0% | $3.0M+1254.9% | -$260K+83.1% | -$1.5M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
UDN Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $138.7M-11.2% | $156.2M+5.2% | $148.5M+114.3% | $69.3M+35.0% | $51.3M-30.2% | $73.5M+39.0% | $52.8M-15.1% | $62.2M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | $78K-9.8% | $86K-37.3% | $137K+227.7% | $42K-85.1% | $280K-97.2% | $10.1M+27216.5% | $37K-77.9% | $167K |
| 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 | $138.6M-11.2% | $156.1M+5.2% | $148.3M+114.3% | $69.2M+35.7% | $51.0M-19.5% | $63.4M+20.0% | $52.8M-14.9% | $62.1M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
UDN Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $17.0M+300.1% | -$8.5M+88.1% | -$71.2M-350.4% | -$15.8M-307.0% | $7.6M+200.6% | -$7.6M-184.3% | $9.0M+395.4% | $1.8M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | -$17.0M-300.1% | $8.5M-88.1% | $71.2M+350.4% | $15.8M+307.0% | -$7.6M-200.6% | $7.6M+184.3% | -$9.0M-395.4% | -$1.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $16.7M+155.8% | $6.5M+611.2% | $915K-81.7% | $5.0M-65.1% | $14.3M+424.8% | $2.7M-74.7% | $10.8M+295.4% | $2.7M |
UDN Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 83.1%-0.7pp | 83.8%+0.1pp | 83.8%+0.5pp | 83.3%-1.3pp | 84.6%-1.3pp | 85.9%-0.1pp | 86.0%-0.4pp | 86.4% |
| Net Margin | -35.7%+11.5pp | -47.2%-640.1pp | 592.9%+183.3pp | 409.6%+1049.3pp | -639.7%-1053.4pp | 413.7%+448.6pp | -34.8%+145.0pp | -179.8% |
| Return on Equity | -0.4%+0.1pp | -0.5%-5.8pp | 5.3%+2.0pp | 3.4%+12.5pp | -9.1%-13.8pp | 4.7%+5.2pp | -0.5%+2.0pp | -2.5% |
| Return on Assets | -0.4%+0.1pp | -0.5%-5.8pp | 5.3%+2.0pp | 3.4%+12.4pp | -9.1%-13.1pp | 4.1%+4.6pp | -0.5%+2.0pp | -2.5% |
| 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 | 0.01-0.2 | 0.16+0.2 | 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
What is Invesco DB US Dollar Bearish's annual revenue?
Invesco DB US Dollar Bearish (UDN) reported $4.9M in total revenue for fiscal year 2025. This represents a 61.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Invesco DB US Dollar Bearish's revenue growing?
Invesco DB US Dollar Bearish (UDN) revenue grew by 61.5% year-over-year, from $3.1M to $4.9M in fiscal year 2025.
Is Invesco DB US Dollar Bearish profitable?
Yes, Invesco DB US Dollar Bearish (UDN) reported a net income of $9.0M in fiscal year 2025, with a net profit margin of 182.4%.
What is Invesco DB US Dollar Bearish's EBITDA?
Invesco DB US Dollar Bearish (UDN) had EBITDA of $4.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Invesco DB US Dollar Bearish's operating margin?
Invesco DB US Dollar Bearish (UDN) had an operating margin of 83.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Invesco DB US Dollar Bearish's net profit margin?
Invesco DB US Dollar Bearish (UDN) had a net profit margin of 182.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Invesco DB US Dollar Bearish's return on equity (ROE)?
Invesco DB US Dollar Bearish (UDN) has a return on equity of 6.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Invesco DB US Dollar Bearish's operating cash flow?
Invesco DB US Dollar Bearish (UDN) generated -$78.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Invesco DB US Dollar Bearish's total assets?
Invesco DB US Dollar Bearish (UDN) had $138.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Invesco DB US Dollar Bearish's debt-to-equity ratio?
Invesco DB US Dollar Bearish (UDN) 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 DB US Dollar Bearish's return on assets (ROA)?
Invesco DB US Dollar Bearish (UDN) had a return on assets of 6.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Invesco DB US Dollar Bearish's cash runway?
Based on fiscal year 2025 data, Invesco DB US Dollar Bearish (UDN) had $0 in cash against an annual operating cash burn of $78.5M. This gives an estimated cash runway of approximately 0 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 Invesco DB US Dollar Bearish's Piotroski F-Score?
Invesco DB US Dollar Bearish (UDN) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Invesco DB US Dollar Bearish's earnings high quality?
Invesco DB US Dollar Bearish (UDN) has an earnings quality ratio of -8.72x, considered low quality (accrual-driven). 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.
Can Invesco DB US Dollar Bearish cover its interest payments?
Invesco DB US Dollar Bearish (UDN) has an interest coverage ratio of 2922.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Invesco DB US Dollar Bearish?
Invesco DB US Dollar Bearish (UDN) scores 81 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.