iShares Ethereum Trust ETF financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data iShares Ethereum Trust ETF 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

	FY2024	FY2025
Operating expenses	0.89	18.4
Operating income	-0.89	-18.4
Net income	34.4	-2,315
EPS, basic	0.74	-7.33
EPS, diluted	0.74	-7.33

Cash flow statement

	FY2024	FY2025
Net income	34.4	-2,315
Cash from operations		-8,899
Cash from financing		8,899
Net change in cash		-0.02

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 $20.31 on September 25, 2026.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	-6,827.0%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-1,091.0%	EPS vs the same period a year earlier. Only from a positive base.

Valuation

Metric	Value	How it is calculated
Market cap	$7.82B	Share price x shares outstanding.
Enterprise value	$7.82B	Market cap + total debt - cash - short-term investments.
Earnings yield	-72.1%	Net income / market cap (the inverse of P/E).

Was iShares Ethereum Trust ETF profitable in fiscal 2025?

No. It reported a net loss of $2.32B.

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.

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