United States Brent Oil Fund, LP financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data United States Brent Oil Fund, LP files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
37
15.5
-15.2
26.8
119
157
82.6
-4.09
10.6
-4.09
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
103
78.3
62.6
72.7
312
153
98.7
78.7
80.1
86.5
Short-term investments
96.9
82.8
67.6
78.8
30.3
145
97
76.8
75
62.8
Total assets
114
98.5
73.9
84.9
350
227
235
130
115
101
Total liabilities
0.98
3.91
0.25
0.18
0.41
0.57
3.38
0.27
0.35
0.3
Total liabilities and equity
114
98.5
73.9
84.9
350
227
235
130
115
101
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
37
15.5
-15.2
26.8
119
157
82.6
-4.09
10.6
-4.09
Cash from operations
27.2
12.2
-3.12
19.2
118
144
83.6
12.1
7.03
-3.73
Cash from financing
-4.45
-31.1
-9.33
-15.7
144
-279
-74.5
-100
-26.2
-10
Net change in cash
22.7
-19
-12.5
3.55
262
-135
9.15
-88.2
-19.1
-13.7
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $59.65 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-8.3%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
-138.6%
Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-153.1%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-12.3%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-24.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-22.1%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Liabilities / assets
0.1%
Total liabilities / total assets.
Valuation
Metric
Value
How it is calculated
Market cap
$739.7M
Share price x shares outstanding.
Enterprise value
-$45.5M
Market cap + total debt - cash - short-term investments.
Earnings yield
-6.1%
Net income / market cap (the inverse of P/E).
Was United States Brent Oil Fund, LP profitable in fiscal 2025?
No. It reported a net loss of $4.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.