Teucrium Wheat Fund Financials

WEAT

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Teucrium Wheat Fund (WEAT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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 AI WEAT FY2025 2026-04-22

A cash-heavy balance sheet is absorbing large earnings swings, showing results driven more by asset-value moves than operating scale.

Across the last four reported years, SG&A stayed near $300K while net results swung by more than $130M. Because that volatility dwarfs the cost base, reported performance appears driven mainly by asset-value changes and financing costs, not by the economics of building a larger operating expense structure.

By FY2024 the entity still held $210.9M of cash against only $17.0M of liabilities. In practical terms, that is a very liquid balance sheet; the strain comes from capital erosion rather than from near-term creditor pressure.

The losses were not just accounting marks: operating cash flow moved from -$106.3M to -$39.4M across the loss period. Cash nonetheless fell from $434.1M to $205.3M, so the recent smaller loss points to a slower cash drain, not a return to self-funding.

Financial Health Signals

Financial Profile 17/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Teucrium Wheat Fund's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$26.5M

YoY+44.6%

Teucrium Wheat Fund reported -$26.5M in net income in fiscal year 2025. This represents an increase of 44.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$205.3M

YoY-2.7%

5Y CAGR-7.9%

Teucrium Wheat Fund held $205.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

WEAT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	$88.6M+43.6%	$61.7M
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$327K+16.0%	$281K-13.0%	$323K+7.3%	$302K+1.3%	$298K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$13.0M-26.8%	$17.7M+66.3%	$10.7M+1867.8%	$542K-59.9%	$1.4M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$26.5M+44.6%	-$47.9M+34.9%	-$73.5M+6.0%	-$78.2M-194.9%	$82.4M+46.8%	$56.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Revenue	N/A	$2.0M	N/A	N/A	$11.1M	N/A	N/A	N/A
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	$71K-9.2%	$78K+10.5%	$71K+28.0%	$55K+4.5%	$53K-57.3%	$124K+152.2%	$49K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$3.0M-13.6%	$3.5M-4.9%	$3.7M-19.0%	$4.6M-1.4%	$4.6M+10.5%	$4.2M-3.1%	$4.3M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	-$56K+99.5%	-$10.9M+53.5%	-$23.5M-366.1%	$8.8M+130.4%	-$29.0M-27.1%	-$22.8M+25.0%	-$30.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WEAT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	N/A	$241.7M-25.9%	$326.0M-35.5%	$505.5M+89.9%	$266.3M	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$205.3M-2.7%	$210.9M-27.8%	$292.2M-32.7%	$434.1M+72.1%	$252.2M-18.5%	$309.4M
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$17.0M+49.4%	$11.4M-71.6%	$40.1M+1925.1%	$2.0M	N/A
Current Liabilities	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
Total Equity	N/A	$224.6M-28.6%	$314.5M-32.4%	$465.4M+76.1%	$264.3M	N/A
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Total Assets	$241.7M-6.1%	$257.4M-4.0%	$268.0M-9.6%	$296.7M-9.0%	$326.0M-11.7%	$369.0M+1.2%	$364.7M-7.1%	$392.4M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$210.9M-9.6%	$233.3M+2.3%	$228.1M-10.1%	$253.7M-13.2%	$292.2M-9.4%	$322.5M+3.7%	$311.1M-5.8%	$330.1M
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	$17.0M+67.0%	$10.2M-62.2%	$27.0M+43.0%	$18.9M+65.3%	$11.4M-58.4%	$27.4M-39.7%	$45.4M+28.8%	$35.3M
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	$224.6M-9.1%	$247.2M+2.5%	$241.0M-13.2%	$277.8M-11.7%	$314.5M-7.9%	$341.6M+7.0%	$319.3M-10.6%	$357.2M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WEAT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	N/A	-$39.4M+29.1%	-$55.6M+47.7%	-$106.3M-241.3%	$75.2M+41.5%	$53.1M
Capital Expenditures	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
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	-$41.8M+51.5%	-$86.2M-129.9%	$288.1M+317.7%	-$132.3M-246.8%	$90.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$125.9M-52.5%	$264.9M-71.7%	$935.2M+214.0%	$297.8M+38.4%	$215.2M

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Operating Cash Flow	N/A	-$1.6M-911.4%	$199K+100.8%	-$25.5M-555.4%	$5.6M+114.6%	-$38.3M-542.9%	-$6.0M+64.9%	-$17.0M
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	N/A	$6.9M+126.6%	-$25.8M-97.5%	-$13.1M+63.6%	-$35.9M-172.1%	$49.8M+479.0%	-$13.1M+84.9%	-$87.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$25.3M-47.1%	$47.8M+77.9%	$26.9M-52.4%	$56.4M+46.9%	$38.4M-35.3%	$59.3M-46.5%	$110.9M

WEAT Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	93.0%+2.0pp	91.0%
Return on Equity	N/A	-21.3%+2.1pp	-23.4%-6.6pp	-16.8%-48.0pp	31.2%	N/A
Return on Assets	N/A	-19.8%+2.7pp	-22.5%-7.1pp	-15.5%-46.4pp	30.9%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	N/A	0.08+0.0	0.04-0.0	0.09+0.1	0.01	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	-2.8%	N/A	N/A	79.3%	N/A	N/A	N/A
Return on Equity	N/A	-0.0%+4.5pp	-4.5%+3.9pp	-8.5%-11.3pp	2.8%+11.3pp	-8.5%-1.3pp	-7.1%+1.4pp	-8.5%
Return on Assets	N/A	-0.0%+4.1pp	-4.1%+3.8pp	-7.9%-10.6pp	2.7%+10.6pp	-7.9%-1.6pp	-6.3%+1.5pp	-7.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.08+0.0	0.04-0.1	0.11+0.0	0.07+0.0	0.04-0.0	0.08-0.1	0.14+0.0	0.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is Teucrium Wheat Fund profitable?

No, Teucrium Wheat Fund (WEAT) reported a net income of -$26.5M in fiscal year 2025.

How financially healthy is Teucrium Wheat Fund?

Teucrium Wheat Fund (WEAT) scores 17 out of 100 on our Financial Profile, indicating weak 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.