EPS (Diluted)Not reportedfor the trailing 12 months
Operating Cash Flow-$2.5B-237.1% YoY
Source SEC Filings (10-K/10-Q)Latest period Q2 FY2026, ended Jun 30, 2026ReportedCurrency USDFYE December
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 ULE SEC filings page.
This page shows ProShares Ultra Euro (ULE) financial statements, including the
income statement, balance sheet, cash flow statement, and key financial ratios.
View 13 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 AIULEFY2025
The reported profile is asset-based: FY2025 net income reached $1.7B, yet operating cash flow remained negative.
The sharp swing from a FY2023 net loss of $2.5B to FY2025 net income of $1.7B did not translate into cash, with FY2025 operating cash flow of -$246M. This earnings-to-cash gap suggests reported results are being shaped by non-cash or valuation-related items, making profit a poor standalone guide to economic activity.
FY2025 assets expanded to $6.1B while liabilities reached $338.9M, indicating the balance-sheet expansion was not funded mainly by external obligations. Liabilities rose 167.3% versus equity's 89.2% from FY2024, so obligations grew faster than the capital base.
Reported share buybacks reached $13.0B in FY2025, more than twice period-end assets of $6.1B; paired with negative operating cash flow, this makes capital-return activity and financing flows more central than operating cash generation. In FY2024, liabilities were $126.8M against $3.2B of assets, so the latest expansion also changed the balance-sheet mix.
Financial Health Signals
Financial health score not available
We do not publish a peer-relative financial health score for ProShares Ultra Euro, because the score only covers companies whose filings and listing give us what it needs to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.
Piotroski F-ScorePartial
2/5
ProShares Ultra Euro passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
Earnings QualityNo Cash Backing
$0.14used
For every $1 of reported earnings, ProShares Ultra Euro used $0.14 of operating cash (-$246.3M OCF vs $1.7B net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
ProShares Ultra Euro generated $49.7M in revenue in Q2 2026. This represents an increase of 57.1% from the same quarter a year earlier. Against the prior quarter it is up 11.3%.
Net Income
-$1.2B
YoY-802.2%
QoQ-351.4%
5Y CAGRn/m
10Y CAGRn/m
ProShares Ultra Euro reported a net loss of $1.2B in Q2 2026. This represents a decrease of 802.2% from the same quarter a year earlier. Against the prior quarter it is down 351.4%.
EBITDA
Not reported for Q2 2026.
EPS (Diluted)
Not reported for Q2 2026.
Cash & Balance Sheet
Cash & Debt
$1.4B
YoY-58.9%
QoQ-35.2%
5Y CAGR-7.8%
10Y CAGR+46.0%
ProShares Ultra Euro held $1.4B in cash as of Q2 2026; no long-term debt figure is on record for that period.
Shares Outstanding
132M
YoY-10.6%
ProShares Ultra Euro had 132M shares outstanding in Q2 2026. This represents a decrease of 10.6% from the same quarter a year earlier.
Free Cash Flow
Not reported for Q2 2026.
Dividends Per Share
Not reported for Q2 2026.
Margins & Returns
Return on Equity
-26.3%
YoY-31.0pp
QoQ-34.1pp
5Y change-22.4pp
10Y change-22.5pp
ProShares Ultra Euro's quarterly ROE was -26.3% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 31.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 34.1 percentage points.
Gross Margin
Not reported for Q2 2026.
Operating Margin
Not reported for Q2 2026.
Net Margin
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Share Buybacks
$5.0B
YoY+20.9%
QoQ-39.1%
5Y CAGR+41.9%
10Y CAGR+8.1%
ProShares Ultra Euro spent $5.0B on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 20.9% from the same quarter a year earlier. Against the prior quarter it is down 39.1%.
R&D Spending
Not reported for Q2 2026.
Capital Expenditures
Not reported for Q2 2026.
ULE 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, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
TTM is the trailing twelve months, Q3 FY2025 through Q2 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.
ULE 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, Retained Earnings.
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, Retained Earnings.
ULE 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, Dividends Paid.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 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.
ULE 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, Current Ratio, Debt-to-Equity, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Yes, ProShares Ultra Euro (ULE) reported a net income of $389.3M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $1.7B.
ProShares Ultra Euro (ULE) has a return on equity of 29.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
ProShares Ultra Euro (ULE) recorded an outflow of $246.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
ProShares Ultra Euro (ULE) had $6.1B in total assets as of fiscal year 2025, including both current and long-term assets.
Yes, ProShares Ultra Euro (ULE) spent $13.0B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
ProShares Ultra Euro (ULE) had 219M shares outstanding as of fiscal year 2025.
ProShares Ultra Euro (ULE) had a liabilities-to-equity ratio of 0.06 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.
ProShares Ultra Euro (ULE) had a return on assets of 28.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
ProShares Ultra Euro (ULE) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
For every $1 of reported earnings, ProShares Ultra Euro (ULE) used $0.14 of operating cash (-$246.3M OCF vs $1.7B net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.
